CCN News

Did Pre-IPO Uber ‘Lose’ $1.8 Billion in 2018, Or Aggressively Invest In Its 85% Market Share Dominance?

Uber posted $1.8 billion in losses for 2018, an improvement over its 2017 bottom line, a loss of $2.2 billion. At The Drive Stephen Edelstein says, “That’s bad news for Uber as the company looks to charm investors into an initial public offering (IPO) later this year.” Maybe. But maybe not. Focusing on the high …

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$1.3 Million Bitcoin Scam Swindles Victims in Thailand. Are Tougher Crypto Regulations Necessary?

A virtual bitcoin mining farm in Thailand has allegedly scammed users out of 42 million baht (approximately $1.35 million), according to a report in the Bangkok Post.  30 victims have filed a complaint against the company, CryptoMining.Farm. Although police believe the scam may have hit up to 140 individuals. It comes just months after a …

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Bitcoin Hits Highest Volume in 9 Months: Is Crypto Ready to Take Off After Massive Gains?

In the last 24 hours, the valuation of the crypto market increased by $8 billion as the Bitcoin price neared the crucial $4,000 resistance level. Bitcoin price is nearing $4,000 in a bull-run rarely seen in recent months. Source: TradingView Major crypto assets in the likes of EOS, Ethereum, and Bitcoin Cash recorded gains in …

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Bitcoin Cash Pools: The Majority of Bitcoin SV Blocks Are Mined By ‘Unknown’ [Yes, Really]

Like Bitcoin and Bitcoin Cash, Bitcoin SV has large mining pools, each with a significant share of its SHA-256 hashrate. However, unlike the others, BSV has a nearly 44% majority who are “unknown,” according to data published by Coin.Dance. Bitcoin SV blocks today according to Coin.dance. Comparing the above to Bitcoin’s same period chart, about …

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Crypto Ratings, Price Targets, and Qualitative Analysis Platform BuySellHODL Launches With Android and Apple Support

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. A newly launched, easy-to-use mobile cryptocurrency analysis app BuySellHODL founded by entrepreneur and crypto-enthusiast Clifford Lerner aims to provide its users with qualitative analysis based on traders’ community …

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Digital Retail Giant Flubit.com Announces Huge Online Sale, with Discounts Across the Board 25%

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. It is an accepted fact that customers love sales – and the bigger the discounts, the better. Major online marketplace Flubit is doing things a little differently to …

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Bitcoin Spikes but EOS Skyrockets 25% in 24 Hours; How Far Can It Go?

EOS, the Enterprise Operating System, which was developed by Block One, saw a huge increase, more than double that of Bitcoin by percentage, in the past couple days. The base token had been pushing the $3 mark while Bitcoin bumpered around inside the $3600 range. When the Bitcoin price broke upwards last night, EOS went …

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US Sanctions Squeezes Russia’s 3rd Biggest Bank into Freezing Venezuela Oil Firm’s Accounts

Russia’s third-biggest bank by assets Gazprombank has elected to freeze the bank accounts belonging to Venezuelan state oil firm Petróleos de Venezuela, S.A. (PDVSA), Reuters reports. Citing sources, the report indicated that the state-owned lender did so to lower its risks of coming under U.S. sanctions. Alongside China, Iran, Turkey and other countries, Russia is …

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Crypto Market Round-Up: Another Bitcoin Break Near $4000 or Are The Bulls Rushing the Gate?

Bitcoin is over $3900 globally, though many exchanges still have it trading closer to $3850. Ethereum’s broken beyond $140, might take $150 before the day is through. Bitcoin Cash is right behind it. It’s green everywhere you look. Even Bitcoin SV is on the rebound, resting at $68 after $155 million in trades. Of the …

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Former Citi Exec: Crypto Market Cap Still Smaller than Samsung, What’s Preventing Institutions’ Entry?

Hwang Hyeon-cheol, a former Citi and Allianz executive who worked on Wall Street for over two decades, has said that the valuation of the crypto market is still smaller than Samsung, the largest conglomerate in South Korea. The former Wall Street executive turned crypto investor and the CEO of Atomrigs, a digital asset custodian in …