bitcoin Bitcoin Analysis Brian Kelly Cryptocurrency News 

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

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…

Read More
bitcoin Cryptocurrency News kraken 

Crypto Trading Is the New Wall Street: Kraken Pro Trader

Nelson Minier, who is the head of OTC at cryptocurrency exchange Kraken, explained to Nasdaq TradeTalks why traders are flocking to crypto. | Source: Shutterstock By CCN Markets: The crypto market continues to attract former Wall Street traders, and now we know why. Nelson Minier, who is the head of OTC at cryptocurrency exchange Kraken, was featured on Nasdaq TradeTalks as a guest. Minier, who hails from the trading desks at firms such as JPMorgan and Credit Suisse, explained how the trading dynamic has shifted. For instance, Kraken’s workforce has…

Read More
Bank of America Bitcoin Wallets blockchain Cryptocurrency News 

Is This Bank’s Blockchain-Powered Crypto Wallet a Game Changer?

Bank of America is creeping into the crypto space and has filed a patent application for a blockchain crypto wallet. | Source: Shutterstock By CCN Markets: Bank of America (BofA) continues its steady creep into the crypto world, filing another blockchain-related patent application. This new one is particularly interesting because it’s for a crypto wallet. CCN discussed the move with several crypto players. Here’s what they had to say. Is BofA’s move game-changing? BofA’s latest crypto-related patent application was published by the U.S. Patent and Trademark Office on Aug. 15….

Read More
bitcoin Cryptocurrency News india regulation SBI 

India’s Biggest Bank Plots Scary Debit Card Kill-Switch Similar to Crypto Ban

India’s biggest lender is looking to ‘eliminate’ debit cards altogether in a possible effort to cut down on capital flight. | Source: Shutterstock By CCN Markets: India’s largest bank, the State Bank of India (SBI), has announced an initiative yesterday in which the state-owned financial institution seeks to eliminate debit cards to promote digital transactions. In light of the SBI’s ambitious project, it has now become clearer that India’s last month plans to ban all crypto assets is total nonsense. ‘Let’s digitize payments, but we should ban crypto’ Despite the…

Read More
bitcoin Cryptocurrency News Op-ed 

Bitcoin Isn’t a Hedge for Anything

Bitcoin is not a hedge for anything because its volatility actually adds risk to every single scenario a portfolio manager can create. | Source: Shutterstock By CCN Markets: As the bitcoin skeptic here at CCN, my job is to provide counter-arguments to the bitcoin bulls. Today I’m going to debunk the claim that bitcoin is a hedge against anything, much less the stock market. What Is a Hedge?  It Sure Ain’t Bitcoin! A “hedge” is an investment made to offset some form of risk. It can take many forms. An investor…

Read More
bitcoin Craig Wright Cryptocurrency News Op-ed Peter McCormack satoshi nakamoto 

Bitcoin Faketoshi Fails Again? Craig Wright ‘Exposed’ by Microsoft Office

Self-proclaimed Bitcoin creator Craig Wright was exposed again this week – this time by Microsoft Office. The comedy of errors continues… | Source: YouTube (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Self-proclaimed Bitcoin creator Craig Wright popped up to remind everyone of his existence this week. While yet another ‘Faketoshi’ showed up to begin their own unique scam, Wright was busy unwittingly exposing his own. Did Microsoft Office Just Catch Craig Wright in the Act? On August 18th, Craig Wright uploaded a paper to the SSRN database…

Read More
bakkt bitcoin Bitcoin Price News Cryptocurrency News 

Bakkt Effect? Bitcoin Price Spikes to $10.7k, Key Technical Indicators Lit

Where is the bitcoin price heading? Image from Shutterstock. By CCN Markets: Since the official announcement of Bakkt’s bitcoin futures market launch on August 17, the bitcoin price has surged by well over 6 percent against the U.S. dollar to $10,700. On Saturday, before Bakkt received green light from the Commodities and Futures Trading Commission (CFTC), the bitcoin price was hovering at below $10,000. “Bakkt is bridging that gap to access this market and solve for factors that have slowed institutional participation. Whether concerns relate to a lack of liquidity,…

Read More
Altcoin News Binance binance coin Changpeng Zhao Cryptocurrency News 

Binance CEO Gets Dragged by Bitcoin Fans for ‘Dumbest Crypto Tweet’

Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the “Dumbest Crypto Tweet Award” for shilling Binance Coin.| Source: Reuters By CCN Markets: Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the Dumbest Crypto Tweet Award after he shared a story touting the popularity of Binance Coin, his company’s native token. Many of Zhao’s followers expressed skepticism when he recounted an “interesting interaction” he had with a 14-year-old boy. CZ claimed the boy refused to discuss numbers in U.S. dollars and instead “insisted…

Read More
bitcoin Bitcoin Research Cryptocurrency News parsiq 

This Research Proves the New Boss Is Same as the Old Boss

If just 0.023% of Bitcoin addresses hold 50% of the total wealth, isn’t the new boss turning out to be a lot like the old one? | Source: Shutterstock By CCN Markets: Research released by blockchain analysis group PARSIQ this week did much to weaken Bitcoin’s image as a global freedom currency. The findings detail the massive accumulation of wealth in the hands of a minuscule few, resulting in inequality greater than what can be found in the established “old money” institutions. Just 0.023% of the top Bitcoin addresses hold…

Read More
bitcoin Bitcoin Analysis Cryptocurrency News Turkey 

Turkish Bitcoin Adoption Ramps Up amid Flagging Economic Recovery

Turkey interest in bitcoin remains robust as the economy struggles to recover from the collapse of the lira from 2018. | Source: Shutterstock By CCN Markets: Turkey likes bitcoin more than any of the other 14 nations polled in a recent survey by Dutch banking group ING. Sixty-two percent of Turks were crypto positive, while 36% said they would be happy to be paid in bitcoin. Meanwhile, Austrians were the most skeptical, with only 13% being pro-crypto. Screenshot of poll These sentiments make perfect sense given Turkey’s recent economic…

Read More