Mainstream Business Journalist Foolishly Warns Bitcoin Is Going to Zero

Mainstream Business Journalist Foolishly Warns Bitcoin Is Going to Zero

TweetShareBy CCN: Didn’t the “60 Minutes” segment on bitcoin teach the mainstream media anything? New York Post columnist John Crudele is railing against cryptocurrencies. More specifically, he’s rehashing an outdated argument in an article entitled: “Bitcoin Will Soon Be Worth Zero.” His reason for sounding the alarm is simple:“Last Thursday night bitcoin crashed by about…

Meteoric Crypto Recovery: Here’s What Triggered Bitcoin Price Above $8,000

Meteoric Crypto Recovery: Here’s What Triggered Bitcoin Price Above $8,000

TweetShareBy CCN: The bitcoin price has surged by seven percent in the past several hours from $7,300 to around $8,000 in major markets including the U.S., demonstrating a strong recovery from its abrupt drop to $6,400.The bitcoin price surges seven percent in less than four hours (source: coinmarketcap.com)On May 17, as CCN reported, the bitcoin…

Crypto Bulls and Bears Wrestle on What Comes Next for the Bitcoin Price

Crypto Bulls and Bears Wrestle on What Comes Next for the Bitcoin Price

TweetShareBy CCN: Many in the crypto community remained calm and banded together despite the steep drop in the bitcoin price on the heels of an otherwise incredibly bullish month.Bitcoin’s value was slashed by approximately $21 billion in the last 24 hours, with the BTC price currently holding above the $7,000 threshold. The declines were traced…

Amazon Crypto Patent Ignites Desperate Rumors of Bitcoin Integration

Amazon Crypto Patent Ignites Desperate Rumors of Bitcoin Integration

TweetShareBy CCN: For whatever reason, people believe that Amazon’s acceptance of Bitcoin or lack thereof will be a significant milestone for cryptocurrency. The company has never accepted it, which has given rise to several business models, including Purse.io and Moon’s recent browser extension.Amazon Finally Seeing the Light for DDoS PreventionAmazon has reportedly filed for a…

Powerful Indian Tech Lobby Urges Central Bank to Favor Bitcoin Startups

Powerful Indian Tech Lobby Urges Central Bank to Favor Bitcoin Startups

TweetShareBy CCN: Dominant Indian tech lobby, NASSCOM, is pushing the Reserve Bank of India to be inclusive with cryptocurrencies like bitcoin in its regulatory sandbox to shape the future of the country’s fintech industry.NASSCOM, which represents the $154 billion Indian IT sector and is a powerful voice in the industry, is calling for the RBI…

Fmr. $13 Billion Asset Chief: Every Investor Eventually Will Own Bitcoin

Fmr. $13 Billion Asset Chief: Every Investor Eventually Will Own Bitcoin

TweetShareBy CCN: Travis Kling, a former L/S Equity Portfolio Manager at Point72, a hedge fund with $13 billion in assets under management (AUM), has said in the long-term, every investor will have some exposure to crypto assets like bitcoin.Kling, who founded crypto asset management firm Ikigai Asset Mangement, said:Every investor will have crypto asset exposure…

Snot-Nosed Kid’s Insane Boast Evokes Scary Memories of Bitcoin Bubble

Snot-Nosed Kid’s Insane Boast Evokes Scary Memories of Bitcoin Bubble

TweetShareBy CCN: Erik Finman declared bitcoin “dead” less than six months ago. Now he says that anyone who buys and holds cryptocurrencies for the next 10 years has a good chance of becoming fabulously wealthy.The Confidence of Easy MoneyHe “doubled down” on the statement to MarketWatch, saying that people who haven’t become billionaires using the…