After Apple, Samsung Records a 31% Drop in Net Profits: Are Big Phone Makers in Trouble?

Apple has struggled to win over the Chinese mobile phone market as reports have suggested but Samsung is also having a similar issue. Samsung Electronics revealed that it recorded a 31 percent decline in net profit in the fourth quarter of 2018 as the operating profits of its mobile business plunged by nearly 33 percent. […]

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A New Test Network Just Activated and Ethereum 2.0 Will Be Using It

A highly anticipated upgrade to ethereum is gearing up for its first dry run, and the test network of choice will be an unfamiliar name to many. Launched today, the Görli blockchain will be the proving ground for Prysm, software created by Prysmatic Labs that will feature the first of three phases of deployment of the upgrade, often […]

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HYGH AG Launches $1,250,000 USD Bounty & Airdrop Campaign with Multiplier Effect

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned […]

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A Bitcoin-Backed Stablecoin Has Launched on the Ethereum Blockchain

A new token backed one-to-one with bitcoin is now live on the ethereum blockchain. “Wrapped BTC” (WBTC) officially launched its ERC-20 token Wednesday evening. The project was first unveiled in October as a joint initiative between decentralized exchange startups Kyber Network and Republic Protocol, as well as cryptocurrency custody company BitGo. As stated on the […]

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Bitcoin Ransom: Here’s How Much the 9/11 Papers Hacker Group Has Raised so Far

Even with the declining price of Bitcoin, the “9/11 papers hacker group” has received a significant sum of the flagship cryptocurrency. At current prices, their address has received more than $42,000. In case you missed it, the hackers claim to have acquired a treasure trove of damning documents. Documents related to the most notable foreign […]

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Genesis Capital: Crypto Lending Weathers a Bearish Market

Crypto lending firm Genesis Capital processed $1.1 billion in loans last year. This is according to the company’s recently released ‘Lending Snapshot’ for Q4 2018. Genesis Capital The figure shows the massive growth in processed loans as Bitcoin price fell over 44% in 2018. The first Digital Asset Lending Snapshot was released at the end of Q3 […]

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Crypto Hacks Take $1.7 Billion in 2018—Yikes!

Yesterday, a rather shocking cryptocurrency anti-money laundering report was released by the crypto analytics company CipherTrace. This report states that around $1.7 billion worth of cryptocurrency was obtained illegally in 2018. What’s more surprising is that crypto hacks happened three times more than in 2017. No wonder institutional investors don’t want to put big money into […]

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Dow Surges 316 Points, Why Apple’s Earnings are Leading the Charge

The U.S. stock market catapulted higher on Wednesday, as investors rallied behind a series of upbeat earnings reports from some of Wall Street’s biggest companies. Flush of Green for Dow Index All of Wall Street’s major indexes reported strong gains on Wednesday, building off a positive pre-market session for Dow futures. The Dow Jones Industrial […]

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Traders: If Bitcoin Price Fails to Remain Above Mid-$3,500, Expect Rapid Fall to $2,000

In the last 24 hours, the Bitcoin price has slightly recovered from $3,451 to $3,526 following the announcement of Fidelity to launch Bitcoin custody by the end of the first quarter. The valuation of the crypto market has increased by $2 billion overnight as Bitcoin (BTC), EOS (EOS), and Ethereum (ETH) rebounded in the range […]

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Cryptocurrency Thefts and Scams Raked in 300% More Profit Last Year than 2017

Blockchain analytics firm CipherTrace released a report this morning showing that roughly $1.7 billion in cryptocurrency was stolen or scammed over the course of 2018. The amount stolen by hackers alone is staggering: over $950 million. The figure represents an increase of more than 300% from 2017. The scams noted in the report don’t even […]

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BitTorrent Token (BTT) Sale Sold Out in Under 15 Minutes; Binance Crashes as a Result

The BitTorrent Token (BTT) sale on Binance took place yesterday. In under 15 minutes, $7.1 million was raised, selling 50 billion BTT token. Binance announced the conclusion of the sale via an official blog post on their website. BitTorrent Token (BTT) Sale The token sale ran in two different sessions: One for purchasing BTT with TRON […]

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McDonald’s Free Bacon Gambit Doesn’t Quite Make its Stock Price Sizzle

McDonald’s is reportedly giving bacon away with every order today. While it might be seen as a regular promotion, the move is certain to attract thousands or even millions of additional sales today. Bacon is a massive selling point in the US fast-food industry. Bacon Hour. Because 🥓 is always the answer. Hot Fudge Sundaes? […]

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Bitcoin Price Retreats Under $3,400: Here’s Why a Fall to the $2,000-Range May Be Inevitable

In the last 24 hours, the Bitcoin price has dropped from $3,505 to $3,322 by more than five percent against the U.S. dollar. The abrupt decline in the Bitcoin price led the valuation of the crypto market to plunge by over $10 billion in a three-day span. Major crypto assets such as Bitcoin Cash (BCH) […]

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Exclusive: Komodo GM Explains How to Build on Bitcoin without Being Constrained by It

CCN had a moment to speak with Ben Fairbank, the general manager of Komodo (KMD), a community-oriented smart contract-centric fork of Zcash. Komodo offers a usable layer between the world’s largest proof-of-work system, Bitcoin, and decentralized applications. Komodo enables tokenized systems to rely on the security and immutability of the Bitcoin blockchain without having to […]

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‘Resilient’ Bitcoin Price Will Rally to $25,000 [Eventually]: Tom Lee

The past 12 months haven’t been easy for any bitcoin bull, but perhaps no cryptocurrency proponent has had a worse time than Tom Lee, the Wall Street strategist who predicted that the bitcoin price would hit $25,000 by the end of 2018 and must now reckon with the result of that forecast every time he […]

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Bitcoin-Hating Ex Starbucks CEO Howard Schultz Mulls US Presidency, Backs Blockchain

Billionaire Howard Schultz ― the bitcoin-bashing former CEO of Starbucks ― is considering running for US president because he’s disgusted with the bitter political gridlock he sees today. Schultz announced on Twitter that he would run as a “centrist independent” because he’s fed up with the entrenched, ineffective two-party system in the United States. I love our country, […]

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