Day: January 2, 2019

Justin Sun Reacts To Claims TRON Cryptocurrency Tech is ‘Garbage’

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As CCN recently reported, Ripple and Stellar co-founder Jed McCaleb took time out of a recent interview to denigrate  Cryptocurrency TRON. Calling it “garbage,” McCaleb has apparently set off a minor firestorm of reactions on Twitter. Said firestorm includes a reaction from TRON’s active founder, Justin Sun: BitTorrent: The OG in P2P, 1B+ users, bringing P2P to mass market. eDonkey, founded by @JedMcCaleb: RIP 2002. Guess we’re doing pretty well for “garbage” ??‍♂️ Prediction for 2019 ?: #TRON vs @StellarOrg will have same results as @BitTorrent vs eDonkey $TRX #XLM…

Justin Sun Reacts To Claims TRON Cryptocurrency Tech is ‘Garbage’

boss

As CCN recently reported, Ripple and Stellar co-founder Jed McCaleb took time out of a recent interview to denigrate  Cryptocurrency TRON. Calling it “garbage,” McCaleb has apparently set off a minor firestorm of reactions on Twitter. Said firestorm includes a reaction from TRON’s active founder, Justin Sun: BitTorrent: The OG in P2P, 1B+ users, bringing P2P to mass market. eDonkey, founded by @JedMcCaleb: RIP 2002. Guess we’re doing pretty well for “garbage” ??‍♂️ Prediction for 2019 ?: #TRON vs @StellarOrg will have same results as @BitTorrent vs eDonkey $TRX #XLM…

Crypto Lenders Are Cashing In on the Crypto Bear Market

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Lenders in the cryptocurrency industry are reportedly weathering the recent crypto bear market better than others, Bloomberg reported on Jan. 2. According to Bloomberg, creditors that offer their services in the cryptocurrency industry are “finding strong demand from borrowers who don’t want to sell their virtual coins at depressed prices, as well as from big investors eager to borrow coins for short selling.” Bloomberg reports that revenue of the crypto lending company BlockFi has grown tenfold since June, after which Michael Novogratz’s company Galaxy Digital Ventures invested $52.5 million in…

Stock Market Trades Sideways, Analysts Believe Strong Chance of Rally in 2019

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The stock market is currently experiencing a sideways trading session, with all of the major benchmarks trading down slightly. Although the markets have seen unprecedented volatility towards the end of 2018, analysts still have lofty expectations for how some major stocks will perform in 2019. Their bullish views on the future of the markets is mostly validated by recent comments from Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School of Business, who also called the Dow hitting $20,000. Stock Market Trades Flat, Analyst Says There Could be…

Bitcoin (BTC) Is Stronger Than Ever: The Numbers Don’t Lie

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Bitcoin Had A Great 2018 In the eyes of many consumers, especially those without a vested interest in the cryptocurrency industry, Bitcoin (BTC) has had a terrible year. Since establishing its all-time high at $20,000, the leading digital asset has fallen to low valuations, as its altcoin brethren followed. In fact, BTC fell so far that it lost 84.5% of its peak value just weeks back. However, many, including Armin Van Bitcoin and other leading crypto insiders, have argued that the world’s first blockchain well outperformed its falling valuation. Jameson Lopp, the…

Samsung Crypto Wallet | Is the New Wallet Rumor or Reality?

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2019 is supposed to bring a lot of things, but is a Samsung crypto wallet one of them? Maybe. According to reports, the company recently filed a UK trademark for a crypto wallet.  Samsung Crypto Wallet: Rumor or Reality? On December 27th, the UK Intellectual Property Office published a filing. It details how Samsung, a South Korean electronics behemoth, has applied for a UK trademark for a crypto wallet. For those who don’t know (and according to blockgeeks.com) a cryptocurrency wallet is a software program that stores both public and…

The Brightest Media Burials of Bitcoin in 2018

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Ten years ago, on Jan. 3, 2009, the Bitcoin (BTC) network was created. Since then, the asset’s price has famously been subject to volatility. That, along with the inceptive crypto’s focus on decentralization, have been disturbing mainstream media, which still fails to grasp and discuss the concept of Bitcoin without skepticism — hence the omnipresent headlines exclaiming its so-called death. Last year was no different in regard to the FUD (i.e., fear, uncertainty and doubt) about crypto, and Bitcoin specifically — especially considering the bear’s arrival. According to 99bitcoins, the…

Bitcoin Closing in Towards $4,000-Resistance in Another Upside Attempt

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The bitcoin price on Wednesday showed minor upside movements as it maintained the gains made during yesterday’s session. Bitcoin Price Technical Analysis The BTC/USD exchange rate posted as much as 1.5 percent in gains during the first half of the trading session. The pair notably eyed a rally towards $4,000 but corrected ahead of establishing the said upside target, eventually falling to $3,843, its value at the time of writing. BITCOIN 1D CHART | SOURCE: COINBASE, TRADINGVIEW.COM The price action also confirmed a firm price action similar to what market…

Equity Fund CEO Recommends to Steer Clear of Crypto, Advises to Focus on ‘Basic Goods’

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The CEO of investment house Gateway Partners, is shunning Bitcoin (BTC) and cryptocurrency in favor of more traditional investment strategies, Asia-focused business publication Nikkei Asian Review reported on Jan. 2. Gateway Partners is an advisory and private equity company managed by Viswanathan Shankar, the former director of Standard Chartered group. Over the course of 2019, the company is reportedly planning to invest its first $757 million fund, and is working on deals in the United Arab Emirates, Saudi Arabia, and Egypt. In a recent interview with Nikkei, Shankar reportedly said…

Hackers Threaten to Leak Confidential 9/11 Documents Unless Paid in Bitcoin

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Cybercriminal group “The Dark Overlord” has threatened to publicly release confidential files related to the 9/11 attacks if their ransom demands are not met, reports Motherboard on January 1, 2019. 9/11 Secrets up for Sale The hacker group tweeted on December 31, 2018, about their successful breach of the confidential database of law firms handling cases related to the 9/11 terrorist attacks. In case of failure to meet their bitcoin ransom demands, the group threatens to leak the documents involving the law firms and individuals in litigation cases. According to a post on Pastebin…