Prime Problems: Amazon is Losing its 2-Day Shipping Dominance, Will It Matter?: P. H. Madore
By CCN.com: Amazon Prime memberships are over 100 million in the US alone. According to the third quarter revenue call, the company is aggressively expanding Prime to Canada, Mexico, and China. Amazon Prime means multiple things: faster shipping of products b…
Tax Nightmare: 10,000 Bitcoin Trades Net Swedish Man Nearly $1 Million in Taxes: David Hundeyin
By CCN.com: Linus Dunker, a Swedish crypto trader, was shocked to receive a bill for almost $1 million from the Swedish Tax Agency, claiming that the tax demand is “unreasonable.” The case is one of a growing number of cryptocurrency-related cases being taken…
Crypto is Worthless, Fails Basic Financial Tests: Bank of England Adviser: Samantha Chang
By CCN.com: Legacy banks are not worried about crypto because it has no value and fails the fundamental tests of financial services. That’s the assessment of Huw van Steenis, the senior adviser to Bank of England Governor Mark Carney. Van Steenis says while t…
‘Big Bitcoin Heist’ Ringleader Jailed for Massive Crypto Mining Rig Theft: David Hundeyin
By CCN.com: Suspects in the “Big Bitcoin Heist” of 2018 have been sentenced to various prison terms based on their level of involvement in the much-publicised theft of more than three-quarters of a million dollars worth of crypto mining equipment. Crypto Mini…
Why a Russian Social Media Ban Would Hurt Twitter More Than Facebook: Melanie Kramer
By CCN.com: Russia’s media watchdog, Roskomnadzor, plans to sue Facebook and Twitter for not complying with laws pertaining to the storage of Russian’s citizen’s data. There is speculation this could lead to Facebook and Twitter being banned in Russia. Such a…
Please Don’t Hurt Us! BIS Report Proves Central Bankers Fear Bitcoin: David Hundeyin
By CCN.com: For years, the cryptocurrency market has been buffeted with projections and predictions of doom. We are constantly told that any day now, bitcoin and all its progeny will collapse into the nothingness from whence they came, or something to that ef…
Kamala Harris 2020 Would Be Hillary Clinton All Over Again: Wes Messamore
U.S. Senator Kamala Harris (D-CA) announced Monday that she would be seeking the Democratic Party’s nomination to run for president in 2020. She timed her announcement for Martin Luther King Jr. Day, a sign that she intends to make political capital of her id…
Is the Netflix Price Hike Just What Disney’s Streaming Service Needs to Win Market Share?: Mark Emem
By CCN.com: Last week Netflix announced that it was raising subscription fees by between 13% and 18% for all its plans. While the absolute increase varied between $1 and $2, nearly a quarter of U.S. subscribers who took part in a Streaming Observer online sur…
Bitcoin Price Could Crack $10 Million, Become New Gold Standard: Asset Management Firm: Josiah Wilmoth
By CCN.com: Throughout the 2017 crypto market bull run, bitcoin price predictions kept the crypto hype train fat and happy. Whether it was eccentric ICO promoter John McAfee promising to emasculate himself if bitcoin failed to reach $1 million within three ye…
China’s Stocks Are on Fire Despite Slowest GDP Growth in Nearly 30 Years: David Hundeyin
Despite official 2018 GDP figures showing that the Chinese economy grew last year at its slowest pace in 28 years, some of China’s largest stocks continue to perform at market-leading levels, led by tech quartet Tencent, Baidu, Sina and Alibaba. According to …
Why Crypto is En Route to the Longest Bear Market in History: Joseph Young
By CCN.com: The crypto market is en route to experiencing the longest bear market in its 10-year history. As Ran Neuner, the host of CNBC’s Crypto Trader said, if the latest bear market lasts for another month, it will surpass the 420-day correction the crypt…
$3 Billion Google-Backed AI Unicorn UiPath Set to Achieve Revenue Growth of 5614%: Melanie Kramer
From CCN.com: UiPath, an artificial intelligence (AI) startup first backed by Google’s CapitalG fund in 2018 will shortly, according to leaked reports, achieve over 5000% growth. Business Insider sources claim UiPath, also backed by Sequoia Capital and Accel,…
BAC Blockchain Will Unlock Value For Global Enterprises: Lester Coleman
This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Blockchain technology offers significant benefits to enterprise organizations, but certain limit…
Dow Futures & Bitcoin Look Shaky as US Celebrates Market Holiday: Josiah Wilmoth
By CCN.com: The US stock market is closed today in observance of Martin Luther King Jr. Day, but Dow futures pointed south after China’s growth fell to a nearly three-decade low. The cryptocurrency market, which never takes a breather, also remained bearish f…
Elon Musk Sees Boost Amid Cost-Cutting, Layoffs as Europe Clears Tesla to Sell Model 3s Next Month: Mark Emem
By CCN.com: Tesla has been granted the go-ahead to begin selling its mass-production, low-cost electric car in Europe. Beginning February, Tesla will be able to sell the long-range version of the Model 3, per Bloomberg. From Tesla’s website, the long-range mo…
Teresa May’s ‘Plan B’ – Just Rip the Damn Brexit Band-Aid Off: Christina Comben
By CCN.com: Thursday, June 23, 2016. The day that 48% of the British public realized they no longer knew their neighbors. When the dust settled, the stench of defeat lingered in the air. The majority had spoken. And it turned out that the rest of us didn’t li…
Tron CEO Justin Sun Wants to Prove Crypto Is Not a Scam: Hires Former SEC Official: Samantha Chang
By CCN.com: Tron founder Justin Sun is out to prove that crypto is not a scam ― despite hyperbolic emotional protestations by haters that it is. To this end, Sun hired a former SEC employee to be the first compliance director for Tron, a blockchain platform f…
Number of Bitcoin ATMs Hits 4,000 Globally: Why is it Growing So Rapidly?: Joseph Young
By CCN.com: According to a report released by ValueWalk, the number of Bitcoin ATMs worldwide has surpassed 4,000 and the market is still growing rapidly. The increase in the number of Bitcoin ATMs comes in a period during which cryptocurrency businesses are …
UAE, Saudi Arabia Launch Cryptocurrency Pilot for Cross-Border Payments: Habiba Tahir
By CCN.com: UAE and Saudi Arabia — two countries that have the world’s second-largest combined sovereign wealth funds — have launched their pilot cryptocurrency. According to UAE’s official news agency, Emirates News Agency, the Saudi-Emirati cryptocurrency i…