West African Nations Unveil a New Single Currency Without Blockchain

In a potentially risky move, the 15 member nations of ECOWAS – Economic Community of West African States –  have agreed to launch Eco, a “common currency” similar to the method the EU uses. Eco is expected to make its debut in January 2020. In an attempt to create more frictionless trade, West African leaders […]

The post West African Nations Unveil a New Single Currency Without Blockchain appeared first on CCN Markets

Bitcoin Has Been on Fire but Altcoins Haven’t Joined the Party – Yet

Bitcoin is on fire this year but you can’t quite call it a “crypto comeback”… just yet, as The Wall Street Journal points out. Investors are starting to doubt a corresponding return in alternative cryptocurrencies, and for good reason. Altcoins are still well off their 2017 highs. Many alts have, in fact, gone to zero […]

The post Bitcoin Has Been on Fire but Altcoins Haven’t Joined the Party – Yet appeared first on CCN Markets

Dow Rallies 7.2% in June: Trade Talks Resume, Market Sentiment Surging

As the U.S. and China resume trade talks following the highly anticipated G20 summit, the Dow Jones and the rest of the U.S. equities market have shown strong recovery. In the past 30 days, the Dow Jones has rebounded from 24,819 points to 26,599 points, recording its best June in 81 years. The U.S. has […]

The post Dow Rallies 7.2% in June: Trade Talks Resume, Market Sentiment Surging appeared first on CCN Markets

Destination Dystopia: Facial Recognition Payments Already a Thing in China

China appears to be head and shoulders above the rest of the world when it comes to new ways of processing financial transactions. Digital payments are booming in the hybrid communist-capitalist country, so much so that facial recognition payments are already a thing: The new way to pay in China. No card, no phone, just […]

The post Destination Dystopia: Facial Recognition Payments Already a Thing in China appeared first on CCN Markets

Bitcoin Mining Exec Reveals the Key to Sustaining Crypto’s Future

It’s no secret that mining bitcoin consumes an extraordinary amount of energy—in fact, more than the entire country of New Zealand. Such a level of energy consumption is not only a problem for the existential issue of climate change, but also threatens the sustainability of the entire bitcoin (and crypto) economy. If bitcoin mining becomes […]

The post Bitcoin Mining Exec Reveals the Key to Sustaining Crypto’s Future appeared first on CCN Markets

Goldman Sachs ‘Absolutely’ Eyeing Crypto, Doesn’t Expect Stock Market Crash

If you can’t beat ’em, join ’em. That’s the prevailing mindset on Wall Street when it comes to crypto. The latest to (re)-hop on the bitcoin/blockchain bandwagon is Goldman Sachs CEO David Solomon. Solomon: All the Big Dogs Are Considering Crypto Solomon told French financial newspaper Les Echos that Goldman Sachs is “absolutely” considering its own […]

The post Goldman Sachs ‘Absolutely’ Eyeing Crypto, Doesn’t Expect Stock Market Crash appeared first on CCN Markets