Crypto Trader Reveals When Bitcoin Will Suffer a Painful Reckoning

Crypto Trader Reveals When Bitcoin Will Suffer a Painful Reckoning 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin has destroyed the altcoin market in 2019, but one contrarian crypto trader believes BTC is about to suffer a reckoning. | Source: Shutterstock By CCN Markets: It’s easy to miss just how badly bitcoin has clobbered altcoins since the crypto market’s latest bull run began. From Ethereum all the way down to Stratis, almost every coin has developed an ultra bearish market structure. There’s no denying that the charts look horrible. This is perhaps the main reason why many on Crypto Twitter are already delivering an altcoin eulogy. Just…

Is This Bank's Blockchain-Powered Crypto Wallet a Game Changer?

Is This Bank's Blockchain-Powered Crypto Wallet a Game Changer? 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bank of America is creeping into the crypto space and has filed a patent application for a blockchain crypto wallet. | Source: Shutterstock By CCN Markets: Bank of America (BofA) continues its steady creep into the crypto world, filing another blockchain-related patent application. This new one is particularly interesting because it’s for a crypto wallet. CCN discussed the move with several crypto players. Here’s what they had to say. Is BofA’s move game-changing? BofA’s latest crypto-related patent application was published by the U.S. Patent and Trademark Office on Aug. 15.…

Blockchain Firm TZero Adds Ravencoin to Supported Cryptocurrencies

Blockchain Firm TZero Adds Ravencoin to Supported Cryptocurrencies 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Blockchain company tZero added Ravencoin (RVN) to the list of cryptocurrencies supported by its tZero Crypto cryptocurrency wallet and trading app. Ravencoin now supported on the tZero app TZero announced in a press release published on Aug. 20 that Ravencoin will be joining Bitcoin (BTC) and Ether (ETH) among the cryptocurrencies supported by its trading and wallet tZero Crypto app, available for iOS and Android devices. Per the release, the company submitted the updated iOS app supporting the crypto asset to the store yesterday, while the update for the Android…

Layoffs Perversely Bump U.S. Steel Stock 10% in Pre-Market Boost

Layoffs Perversely Bump U.S. Steel Stock 10% in Pre-Market Boost 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Pink slips are turning US steel stocks green. | Source: Shutterstock By CCN Markets: News of impending layoffs at some U.S. Steel Corporation plants has been greeted warmly by the market. In pre-market hours, the price of the stock has gone up by over 10 percent to reach a unit price of $12.43. At the market close on Monday, U.S. Steel was valued at $11.28. Just last week the stock hit a three-year low of around $10.80. U.S. Steel stock price | Source: TradingView The pre-market rally comes amidst the…

3 Reasons Why Bakkt’s September Launch Is Bullish for Bitcoin

3 Reasons Why Bakkt’s September Launch Is Bullish for Bitcoin 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bakkt is a platform for institutional investors and anyone else to buy bitcoin through its legally compliant system. | Source: Shutterstock By CCN Markets: Most cryptocurrency enthusiasts have been waiting for the launch of bitcoin futures trading platform Bakkt. Recently, the crypto community rejoiced as the ICE-operated company announced the official launch date of Sept. 23. Within 48 hours after the big reveal, bitcoin surged by 10 percent. Many investors know that the entry of Bakkt in the cryptocurrency space is bullish for the long-term health of bitcoin. However, very…

Self-Proclaimed Satoshi Nakamoto's Bitcoin 'Reveal' Is an Epic Fail

Self-Proclaimed Satoshi Nakamoto's Bitcoin 'Reveal' Is an Epic Fail 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The “big reveal” by the latest self-proclaimed Satoshi Nakamoto was an epic failure that overpromised and underdelivered. | Source: Shutterstock By CCN Markets: The latest self-proclaimed Satoshi Nakamoto overpromised and underdelivered in Part 1 of his “big reveal” — probably to the surprise of no one in crypto. In a meandering blog post, the self-proclaimed bitcoin inventor did not reveal his real name, nor did he produce a photo of himself. So we’re still no closer to learning his true identity than we were before the “reveal.” One tidbit Nakamoto…

LTC Founder Charlie Lee Discloses Investment in BTC Development Firm Casa

LTC Founder Charlie Lee Discloses Investment in BTC Development Firm Casa 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

On Aug. 16, Litecoin (LTC) founder Charlie Lee disclosed in a tweet that he is “an investor in Casa,” a Bitcoin (BTC) personal key security firm. He also noted that he has high hopes for the company: “I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use and that is extremely important for this space. Looking forward to great things!” A notable hire The tweet was posted in response to Casa…

Binance CEO Gets Dragged by Bitcoin Fans for 'Dumbest Crypto Tweet'

Binance CEO Gets Dragged by Bitcoin Fans for 'Dumbest Crypto Tweet' 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the “Dumbest Crypto Tweet Award” for shilling Binance Coin.| Source: Reuters By CCN Markets: Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the Dumbest Crypto Tweet Award after he shared a story touting the popularity of Binance Coin, his company’s native token. Many of Zhao’s followers expressed skepticism when he recounted an “interesting interaction” he had with a 14-year-old boy. CZ claimed the boy refused to discuss numbers in U.S. dollars and instead “insisted…

Turkish Bitcoin Adoption Ramps Up amid Flagging Economic Recovery

Turkish Bitcoin Adoption Ramps Up amid Flagging Economic Recovery 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Turkey interest in bitcoin remains robust as the economy struggles to recover from the collapse of the lira from 2018. | Source: Shutterstock By CCN Markets: Turkey likes bitcoin more than any of the other 14 nations polled in a recent survey by Dutch banking group ING. Sixty-two percent of Turks were crypto positive, while 36% said they would be happy to be paid in bitcoin. Meanwhile, Austrians were the most skeptical, with only 13% being pro-crypto. Screenshot of ing.at poll These sentiments make perfect sense given Turkey’s recent economic…

Nvidia Focuses on Gaming; Q2 Results Show Why

Nvidia Focuses on Gaming; Q2 Results Show Why 11  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Nvidia Focuses on Gaming; Q2 Results Show Why. Image from Shutterstock. By CCN Markets: Nvidia’s strides in gaming continue, helping the company beat analysts’ estimates on the top and bottom lines for its second-quarter earnings. However, the company’s earnings were lower than what it reported for the same quarter last year. This reflects the chipmaker’s continued struggles in competing with rival AMD. Still, the stock moved higher by 6% on the earnings beat. Yahoo Finance During its earnings call Thursday, Nvidia execs enthusiastically discussed the gains it’s made in gaming,…