Prosecutors in Taiwan indicted seven bitcoin traders for allegedly operating a sham crypto investment scheme that bilked $51 million from more than 1,000 investors. The ringleader was a 47-year-old man whose surname is Lin, Focus Taiwan reported. The alleged scammers were cha...

The US Federal Trade Commission is considering slapping Facebook with a “record-setting” fine for its epic data-breach scandal. The social media monopoly is accused of violating user privacy by selling their personal data to third parties without their consent - for years. Th...

New data reveals consumer confidence has plunged to its lowest level in two years. Historic data suggests the US stock market ignores government shutdowns. However, none have continued for so long, and falling consumer sentiment is a key indicator of an economic downturn. Ong...

Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system.

According to an estimate by recycling and waste management company Covanta Holding Corporation, Americans literally throw away $62 million dollars a year worth of spare pocket change. Covanta offered CBS News a theory along with the estimate “that the coins are probably tosse...

The British pound fell from its two-month high early Friday as fears of a no-deal exit from the European Union rescinded. After hitting the $1.3000 mark on Thursday, the sterling pound is now trading around the $1.2940 level. Pound falls below 2-month high. Source: TradingVie...

Taiwan Semiconductor Manufacturing Company Limited, who provides chips to Bitcoin mining giant Bitmain, says that 2018 saw a downturn in demand for crypto mining chips. In a recent conference call with investors, TSMC CEO C. C. Wei said that cryptocurrency had previously acco...

Billionaire Elon Musk must be feeling the heat now that General Motors appears on track to surpass Tesla to become the most valuable US car maker for 2019. Tesla’s stock price plunged more than 12% Friday (Jan. 18) on heavy trading volume - suggesting a sell-off is in the mak...

Dan Schulman, the president and CEO of PayPal, said that the fintech giant would provide federal employees affected by the partial US government shutdown with an interest-free $500 line of credit. PayPal to Dole Out $25 Million in Interest-Free Cash Advances Schulman says the...

Hyperbitcoinization enthusiast and writer

As CCN previously reported, the aborted Constantinople network upgrade has created several problems for Ethereum. One of these problems is a significant group of miners continuing to mine as if the hard fork had actually taken place. Another problem is how to proceed with the...

Amidst the ongoing stock market rally characterized by bullish sentiments from several prominent investors, BMO analyst Russ Visch has warned that the fundamentals are still not good enough to justify much optimism. Earlier, CCN reported that Blackstone chief strategist Josep...

United States Congressman Tom Emmer (MN-06) this week reintroduced a bill designed to provide regulatory clarity for cryptocurrency companies. Tagged the ‘Blockchain Regulatory Certainty Act’, it was initially introduced on the floor of the house in September 2018 alongside t...

With the bitcoin price continuing to hover around $3,500 following last week’s sell-off, technical analysts have begun fevered debates about whether the flagship cryptocurrency will see more losses ahead. Crypto brokerage firm BitOoda believes that a further decline is likely...

An early Bitcoin mining investor writes a shock Guardian op-ed trashing his own investment as something that’s killing the planet. I don’t think I’ve ever read anything like it in my life. It’s a sign of the times and maybe the exact kind of mentality that JP Morgan Chase and...

China has extended the olive branch back to the United States by offering a path to eliminate Washington's burgeoning trade deficit with the country, Bloomberg reported Friday. The news comes less than a day after The Wall Street Journal reported that the Trump administration...