CCN News

Bitcoin Isn’t Banned in India, Confirms Minister; That’s Just Half the Picture

Bitcoin enthusiasts in India have a reason to rejoice – the country’s government hasn’t banned cryptocurrencies, yet. Responding to a question in the Indian Parliament about the status of cryptocurrencies such as bitcoin in India, minister of state for finance Anurag Thakur responded in the negative, according to a report by Inc42. Bitcoin bulls in …

CCN News

US Stock Market Dumb Money Index Screams ‘Sell Now!’

There are all kinds of indicators and metrics in the stock market that assist traders and investors. Don’t Be The Dumb Money One type of indicator in the stock market is known as the “contrarian signal”. This is a market indicator which indicates the opposite of what one might intuitively conclude from the signal itself. …

CCN News

Eccentric Crypto Rebel John McAfee Says the CIA is Chasing Him

Crypto bull and 2020 presidential candidate John McAfee claimed in a tweet Friday that the CIA has attempted “to collect” him and his wife Janice Dyson at sea. The tweet included a photo of McAfee and Dyson flexing some fire power. It appeared to be warning to the authorities McAfee says are hot on his …

CCN News

Defunct Bitcoin Exchange Wex (Formerly BTC-E) Chief Arrested in Italy: BBC

BBC Russia has it that former Wex Exchange (formerly BTC-E) operator Dmitry Vasilyev has been detained in Italy. Some may recall the curious price discrepancies on Wex not so long ago, which raised red flags across the industry. The Wex/BTC-e Connection The belief was that the exchange wanted to attract deposits to capture money for …

CCN News

EA FIFA Shudders at the Loss of Cristiano Ronaldo and Juventus

As news spread of Konami prying the exclusive rights to Italian Series A soccer team Juventus for PES 2020 from FIFA 2020, EA’s share value dropped by 3.5%. The new deal allows PES 2020 to feature the club name Juventus and its associated badge, jerseys, and playing grounds, while EA must resort to using the …

CCN News

Bitcoin Approaches Second Inning as Bakkt Exchange Launch Nears

Bakkt has been trumpeted as a future main driver of crypto institutional adoption and even the bull market. The bitcoin futures exchange boasts everything Wall Street firms are looking for – the promise of uncorrelated returns to the stock market plus the confidence of regulatory oversight. But in case you haven’t noticed, Bakkt hasn’t launched …

CCN News

Formula One Driver Makes a Pit Stop at the Bitcoin Garage

Formula One driver Romain Grosjean has just made a pit stop at the Bitcoin garage. A tweet by the French/Swiss driver shows a signed copy of Ben Mezrich’s popular “Bitcoin Billionaires” by none other than the stars of the book themselves, Cameron and Tyler Winklevoss: Thanks @winklevoss & @tylerwinklevossLooking forward to read it 👍 pic.twitter.com/ves99P5QSl …

CCN News

Disgusted Bitcoin Trader Says Price Charts Mimic an Ugly ‘Penny Stock’

It’s a tough day to be trading crypto, it seems, with at least one Bitcoin trader comparing the $185 billion cryptocurrency’s price charts to a “penny stock.” Garbage trading right now. Scalped a few profitable trades but it’s mostly just whales pumping and dumping. Neutral for now, but death cross on 4 hour looming. Order …

CCN News

Australian Couple Loses $900K to Crypto Scam Despite Regulator’s Efforts

An Australian couple lost AUD $900,000 after “investing” in an elaborate cryptocurrency scam. Mike Taylor, 70, and his wife Karen told local station 7News that the losses represented the couple’s lifetime savings: “That was the whole of our superannuation – that’s now gone.” They did not explain in detail how the scheme worked; however, Taylor …