After Monster Crash Bitcoin Flashes Loudest ‘Buy’ Signal in 8 Months

Bitcoin traders are running scared after a brutal 13% price collapse. But smart traders have spotted a lesser-known buy signal. Source: Shutterstock By CCN Markets: Bitcoin plunged below $10,000 on Thursday after a violent three-day selloff. But now is not the time to panic. If history is anything to go by, now might be the …

CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how …

SEC Receives 84% Negative Feedback on Application

The SEC received just seven comment letters from the public in response to a solicitation for feedback it had requested in February 2019. Of those, six urged the agency to reject the application. (That’s around 84%.) The industry’s enthusiasm for a Bitcoin ETF (exchange-traded fund) appears to be waning — if you judge that by …

Nasdaq to Launch ‘Bitcoin Futures 2.0’ in Early 2019

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Nasdaq — the world’s second-largest stock exchange — plans to roll out bitcoin futures in the first quarter of 2019 through a partnership with investment management firm VanEck. Gabor Gurbacs, VanEck’s director …

Bitcoin Trading Volumes in Venezuela Reach Record Highs amid Hyperinflation

As the economic crisis in Venezuela worsens leading to a growing exodus of citizens out of the country, the demand for bitcoin and other cryptocurrencies has exploded. According to Coin Dance, Venezuelans traded bitcoins worth nearly 300 million bolivars last week and the record could be broken again as so far this week bitcoin worth …

India Turns to Discreet Trading Methods to Circumvent Cryptocurrency Ban

The Indian government’s crackdown on cryptocurrencies has not deterred the populace from employing new ways to purchase and trade digital assets. While exchanges have launched peer-to-peer models, a small fraction is resorting to “Dabba trading.” Banning Not Enough As reported on July 30, 2018, by local outlet Business Today, Dabba trading refers to making trades …

Van Eck Responds to SEC’s Bitcoin ETF Concerns In New Letter

Money management firm VanEck has responded to the SEC’s concerns over bitcoin exchange-traded funds (bitcoin ETF) in a letter to the regulator made public on the agency’s website. Addressed to Dalia Blass, director of the SEC’s division of investment management, the letter tackles the five points of order from the SEC’s previous communication with the …

Bitcoin Yuan Trading Below 1% of Global Total after Crackdown, Says China’s Central Bank

The much-publicized and controversial crackdown by China’s central bank on the country’s domestic cryptocurrency sector has had its desired effect. The People’s Bank of China (PBoC) – the country’s central bank and financial regulator – has released data that claims bitcoin trading in China’s fiat currency, the renminbi (RMB), has dropped below 1 percent of …

No Evidence Whales are Manipulating Bitcoin Price: Prominent Trader

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Peter Brandt, a prominent trader and respected technical analyst, believes there is no solid evidence to back up claims that whales and large-scale investors have been manipulating the bitcoin price or the wider cryptocurrency market. Not Futures Market Earlier this week, after …