Coinbase CEO Just Revealed a Big Catalyst for Bitcoin’s Price

By CCN Markets: Bitcoin has been trading sideways of late but it might not be long before the flagship cryptocurrency moves up thanks to Coinbase CEO Brian Armstrong’s latest reveal. Whether institutions were going to adopt crypto or not was an open question about 12 months ago. I think it's safe to say we now […]

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Billionaire Wall Street Titan Henry Kravis Places First-Ever Crypto Bet

Kohlberg Kravis Roberts (KKR) Co-Founder Henry Kravis has decided to try his luck with cryptocurrencies. He follows in the steps of other finance hotshots such as Alan Howard, Louis Bacon, and Peter Thiel, who have all got involved in crypto. Joining the Ranks of Investor Legends Last year, CCN reported that Howard – co-founder of […]

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Grayscale Hits $3 Billion in Crypto Assets as Bitcoin Price Rages On

The price of bitcoin has more than tripled this year, making it one of the best performing asset classes out there. Not surprisingly, institutional investors have piled into bitcoin to take advantage of the terrific price rally and mint more money. This is evident from the latest data from bitcoin-focused investment firm Grayscale, whose total […]

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CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight.   As data from SEO analyzer Sistrix shows, our visibility on Google dropped from 1.2 to less than 0.6. You might say we ought not to face any issues since we’ve been at those levels and lower, in the past. What you need to realize is that we have added more people to the team, both full-timers and part-timers. We do not want to downsize the team, we do

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5 Not-So-Crazy Bitcoin Theories Revealed by Alex ‘Satoshi’ Jones

By CCN: The man, the meme, the legend – Alex Jones has become an ingrained part of the Bitcoin subculture in recent years, thanks to several revelations made on his flagship show Infowars. The following five “theories” offered up by Jones are controversial, conspiratorial, and, at times, contradictory. Among the supporting cast, we have Jack Dorsey, Charles Ponzi, Peter Schiff, and Joe Rogan. There’s even a cameo appearance by George Soros as Nouriel Roubini. …The World of Bitcoin According to Alex Jones (2019) 1. Bitcoin is Nothing But a Ponzi Scheme During a discussion with stockbroker and financial commentator, Peter

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IEOs Raise Half a Billion, Keep Fundraising Alive for Blockchain Startups

By CCN: There’s a new fundraising sheriff in town in the maturing cryptocurrency space. While initial coin offerings (ICOs) were all the rage during the last bitcoin bull run, initial exchange offerings, or IEOs, have muscled them out of the way. If it weren’t IEOs, the market would have likely found another mechanism, but these appear to be the deal of choice for now. Funds that previously flowed to ICOs in 2017 are now being redirected into wiser IEOs, as evidenced by the rising trends. IEOs have attracted $518 million across more than five-dozen projects year-to-date, according to TradeBlock data

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Generation Bitcoin: 90% of Millennials Prefer Crypto to Gold: ETF Expert

By CCN: The US investing industry stands on the precipice of a dramatic upheaval that could see bitcoin and other cryptocurrency assets replace gold in investor portfolios. That’s according to Nate Geraci, president of the ETF Store, an independent investment advisor. He revealed in a Bloomberg TV interview that his millennial clients are clamoring to hold bitcoin in their portfolios – if only the SEC would let them. Crypto in a Landslide: ETF Expert Says Millennials Plan to Kick Gold to the Curb  Responding to a question from Bloomberg analyst Eric Balchunas about whether he would ever invest client

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Ethereum to Spend an Eye Popping $30 Million as Price Hits Its Stride

By CCN: The Ethereum Foundation announced it is committing $30 million over 12 months as it continues to build Ethereum 2.0. The nonprofit is spreading the funds “on key projects across the ecosystem” with a focus on Ethereum 2.0 (Plasma), supporting Ethereum 1.0, and developers. The foundation holds 0.6% of all ETH in addition to cash on hand. The Ethereum price took the baton from bitcoin and surged to an eight-month high last week. ETH is up nearly 60% in May alone. Ethereum 2.0 is no facelift Ethereum 2.0 is a transformative undertaking involving a great number of partnerships with developers,

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Researcher Nears Launch of Ava, a Crypto & Potential Ethereum Killer

By CCN: The crypto ecosystem often explores which blockchain will emerge as the ‘Ethereum killer.’ So far, no network has been able to muscle the second-biggest blockchain off its perch, but now there’s a new kid in town – Ava, and it has Bitcoin, Ethereum, and even Visa in its sights. Ava is a new cryptocurrency that uses a consensus protocol known as Avalanche, whose creators similar to Bitcoin are anonymous only they go by Team Rocket. Avalanche is designed to combine the “best of both worlds” from the Nakamoto Consensus and Classical Consensus, according to Cornell University Associate Professor Emin

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Microsoft’s Blockchain Obsession, Including ID Push, Is Good for Bitcoin

By CCN: Does Microsoft consider blockchain to be the strongest technology in the world? Who knows, but they sure seem to recognize its growing mainstream status and view it as a potential moneymaker. The company recently announced that it would be building a decentralized identity (DID) network on top of the Bitcoin blockchain, the oldest and arguably most trusted blockchain within the space. The network will be built in accordance with standards set by the Decentralized Identity Foundation, which Microsoft claims can overpower the “throughput issues” commonly witnessed on the Bitcoin blockchain. How Can Bitcoin and Blockchain Be Improved? Microsoft

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