Why is $1 Billion Bitcoin Giant Bitfury Building a Blockchain Music Service?

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By CCN.com: The Bitfury Group, an early bitcoin mining firm turned global blockchain company based out of London, has announced that it will launch an entertainment division tasked with developing an open-source music platform that runs on blockchain technology. From Mining Bitcoin to Tracking Music IP on a Blockchain Tech companies trying to make waves The post Why is $1 Billion Bitcoin Giant Bitfury Building a Blockchain Music Service? appeared first on CCN

Tesla Layoffs Spur Market Blowback: Have Social Justice Warriors Started Day Trading?

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By CCN.com: Yesterday, CCN published an article detailing Tesla’s increasingly confounding financial maneuvers. Reader Frederick Macarthur commented: Tesla stock and Elon Musk have one thing in common – they’re both manic depressive. It’s true. Tesla Stock Has Been Volatile in Recent Years Last year, Claudia Assis at MarketWatch even reported: Volatility surrounding Tesla Inc. is The post Tesla Layoffs Spur Market Blowback: Have Social Justice Warriors Started Day Trading? appeared first on CCN

Forget Bitcoin: Why Criminals are Using Fortnite to Launder Illicit Funds

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By CCN.com: With well over 200 million users across the globe, few video games have as large a following as Fortnite. The freemium game is so popular that its developer, Epic Games, banked $3 billion in 2018. However, according to a report on the Independent, Epic Games isn’t the only entity getting rich off Fortnite. The post Forget Bitcoin: Why Criminals are Using Fortnite to Launder Illicit Funds appeared first on CCN

MimbleWimble: Is Bitcoin’s Curse Looming on The Horizon?

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By CCN.com: MimbleWimble, named after a curse from the Harry Potter book series, is a protocol, much like Bitcoin’s blockchain, that contains improved privacy features derived from multiple technologies, some more established than others. Key components in MimbleWimble are: (a) Elliptic Curve Cryptography (ECC), which enables private-public key encryption – a way to prove you The post MimbleWimble: Is Bitcoin’s Curse Looming on The Horizon? appeared first on CCN

The Finance Prof. Who Says Bitcoin’s Going to ‘Bite The Dust’ Is Wrong

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By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC. CoinDesk published an op-ed by Dowd Monday, The post The Finance Prof. Who Says Bitcoin’s Going to ‘Bite The Dust’ Is Wrong appeared first on CCN

Is The Demise of Euro Inevitable? Analyst Says it Can Trigger a Devastating Collapse

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By CCN.com: As the eurozone economy slows down and the European Central Bank (ECB) run out of ways to fuel the market, market strategist Russell Napier has said the euro may be in trouble. Speaking to FT, the analyst firmly stated that the global monetary system is beginning to show serious vulnerabilities, noting that the The post Is The Demise of Euro Inevitable? Analyst Says it Can Trigger a Devastating Collapse appeared first on CCN

What Are Crypto Executives Still Positive About After Massive 80% Bitcoin Drop?

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By CCN.com: In 2018, with the exception of Bitcoin and several other crypto assets, the majority of cryptocurrencies fell by more than 90 percent against the U.S. dollar. Executives in the crypto space, especially those leading new initiatives and businesses in the emerging industry, believe that the bear market has presented companies with positive opportunities The post What Are Crypto Executives Still Positive About After Massive 80% Bitcoin Drop? appeared first on CCN