Bitcoin Price Targets 3-Week Losing Streak in $14 Billion Overnight Wipeout – CCN Markets

Bitcoin Price Targets 3-Week Losing Streak in $14 Billion Overnight Wipeout – CCN Markets 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin price fell sharply on Thursday’s trading to land around the $9,500 level. | Source: Shutterstock By CCN Markets: The bitcoin price crumbled overnight, breaching the psychological barrier of $10k and dropping as low as $9,334 on Coinbase. The fall marked a nine percent collapse in a matter of hours, wiping out a total of $14 billion in BTC market capitalization.  The collapse is primarily a technical move coupled with low trading interest on the CME bitcoin futures platform. On the long-term, however, bitcoin is building a strong, consolidated base,…

Swiss Regulator Grants First-Ever Banking Licenses to 2 Blockchain Firms

Swiss Regulator Grants First-Ever Banking Licenses to 2 Blockchain Firms 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN Markets: Blockchain projects around the world have been seeking approval, or for that matter, concrete guidance, from regulators such as FINMA for the last several years. FINMA, the Swiss financial regulatory watchdog, has approved two requests for banking licenses. The two licenses were issued to blockchain businesses. These regulatory strides are not likely to directly impact other jurisdictions but more so will impact how regulation is formed everywhere else. Only time will tell how these regulations impact innovation. What a great day for Switzerland as a #Blockchain and…

Trump Readies Fed Rate Cut amid Dow Plunge but Is It too Late?

Trump Readies Fed Rate Cut amid Dow Plunge but Is It too Late? 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The Dow Jones has plunged by 2 percent in a single session on Friday as U.S. President Donald Trump issued a stern warning towards China. | Source: REUTERS / Lucas Jackson By CCN Markets: The Dow Jones has plunged by well over 2 percent in a single session on Friday as U.S. President Donald Trump issued a stern warning towards China. The Dow Jones has dropped by more than $1,500 in the past month. | Source: Yahoo Finance Ahead of the G7 Summit, President Trump expressed his displeasure on the…

Brian Kelly Is Short-Term Bearish but Sees 'Generational Opp' in Bitcoin

Brian Kelly Is Short-Term Bearish but Sees 'Generational Opp' in Bitcoin 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Brian Kelly is bearish on the bitcoin price in the short term but believes there is a generational buying opportunity coming in BTC/USD. | Source: CNBC/YouTube By CCN Markets: The bitcoin price might have broken back above the $10,000 level today, but one notable trader isn’t impressed. Speaking on CNBC, crypto investor Brian Kelly, who is usually the biggest bitcoin bull in the room, made it clear that he has turned bearish on BTC/USD despite its recent bounce. Longer-term, however, Kelly still believes there is a “generational buying opportunity” coming…

The Best Crypto Industry Reaction to Trump's Bitcoin-Bashing Tweet

The Best Crypto Industry Reaction to Trump's Bitcoin-Bashing Tweet 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Donald Trump weighed in on bitcoin and cryptocurrencies, predictably on Twitter, last week. It wasn’t very positive, to say the least. Trump said he’s “not a fan” of bitcoin and cryptocurrencies. Then he listed the typical objections people like Paul Krugman and Nouriel Roubini have made. Trump also took a shot at Libra, Facebook’s disruptive digital currency project. The crypto industry’s reaction was swift and mercilessly funny. What about TrumpCoin? Binance CEO Changpeng Zhao poked fun at TrumpCoin. you mean this isn’t yours? damn… https://t.co/502SLoZQmh — CZ Binance (@cz_binance) July…

Major Latin American Facebook Rival 'Taringa!' Makes a Splash in Crypto

Major Latin American Facebook Rival 'Taringa!' Makes a Splash in Crypto 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Major Latin American social network Taringa! revealed the launch of a new crypto-centered community in an attempt to reinvent itself after 15 years of setting trends in the Hispanic market. The announcement came this week at Blockchain Summit Latam, held in Mexico City, and previews a holistic change of philosophy in which decentralized technologies will now play a fundamental role. “Taringa! Pioneros is the pilot program towards the path of decentralizing Taringa! from Taringa! ‘portal’ to Taringa! ‘network’. Make the transition from an online community —a traditional model with a…

Ethereum-Based Synthetic Asset Platform Loses Over 37M Tokens in Oracle Attack

Ethereum-Based Synthetic Asset Platform Loses Over 37M Tokens in Oracle Attack 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The Ethereum-based synthetic asset issuance platform Synthetix has lost over 37 million synthetic ETH (sETH) in an oracle attack, according to a report by The Block on June 24. While the amount of sETH in question is known to be over 37 million, the price of this loss in U.S. dollars is reportedly unknown due to its relative illiquidity on secondary markets. Synthetix allows users to mint and trade synthetic currencies peer-to-peer (P2P) on the Ethereum blockchain. One such synthetic currency is the token sETH, which apparently tracks the price…

Elon Musk Spreads FOMO with California Tax-Infused Tesla Sales Pitch

Elon Musk Spreads FOMO with California Tax-Infused Tesla Sales Pitch 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN Markets: Elon Musk is bringing the FOMO, or Fear of Missing Out. The Tesla CEO tweeted out a reminder that federal tax credits for buying a Tesla will drop by half on July 1. He pointed out in another tweet that EV buyers in California will still have the Golden State’s $2,500 tax credit. US tax credit of $3750 drops in half for Tesla on July 1. Order online in a few mins at https://t.co/46TXqRrsdr. Return in 7 days for full refund. — Elon Musk (@elonmusk) June 14,…

Elon Musk's SpaceX, With a $33.3B Valuation, Is About to Eclipse Tesla

Elon Musk's SpaceX, With a $33.3B Valuation, Is About to Eclipse Tesla 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: As markets close Friday, Elon Musk’s aerospace venture SpaceX is poised to eclipse his car company Tesla in market value for the first time. Tesla’s stock is trading down 1.5% at press time with a $33.01 billion market cap attached. According to CNBC, SpaceX is valued at $33.3 billion. Additionally, SpaceX will be worth more than Tesla for the first time if $TSLA closes below $188.38 per share.https://t.co/BnRApsCBQa pic.twitter.com/Ncp0Dc3lkb — Michael Sheetz (@thesheetztweetz) May 31, 2019 SpaceX boasts an updated market valuation after a recent fundraising round. CNBC’s…

Cryptopia Turns to a U.S. Court for Account Holder Data Protection

Cryptopia Turns to a U.S. Court for Account Holder Data Protection 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

In the latest development over its security breach, cryptocurrency exchange Cryptopia has filed for bankruptcy protection in the U.S. The New Zealand-based exchange, which has been dealing with the fallout of a January 2019 hack, went into liquidation and stopped all trading earlier this month. Cryptopia’s assigned liquidator, Grant Thornton, then petitioned the Southern District of New York’s bankruptcy court to seek recognition of this liquidation and protect exchange data stored on servers by a firm in Arizona. Per a report from Bloomberg, the unnamed firm had terminated its agreement…