Study Exposes How Russia, Iran, & China Are Weaponizing Crypto

It’s no secret that foes of the United States – including Venezuela, Iran, Russia, and China – are experimenting with cryptocurrency technology as they seek to render their economies immune to crippling US sanctions. However, a new study from the Foundation for Defense of Democracies (FDD) exposes the lengths to which these rogue nations are […] The post Study Exposes How Russia, Iran, & China Are Weaponizing Crypto appeared first on CCN Markets

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China’s Baidu Search Trends Collide with Bitcoin’s May Bull Run

By CCN: China may have cracked down on cryptocurrency companies, but that’s not stopping the local population from pursuing bitcoin as an investment. Economist and trader Alex Kruger did the research and found that there may be some truth to the theory that China fueled much of the gains in the BTC price last month. June hasn’t been so kind, at least so far, with the bitcoin price down more than 7% in the last 24 hours. In May, however, bitcoin was a rock star as its value expanded by…

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Egyptian Billionaire Naguib Sawiris Defends Trump’s Trade War, Blasts China for ‘Raping Us’

In what is bound to be pleasing to the ears of U.S. President Donald Trump, Egyptian billionaire Naguib Sawiris has sided with the hardline stance that the leader of the world’s largest economy has taken amid the ongoing U.S.-China trade war. Speaking with CNBC, Sawiris agreed with Trump’s well-known sentiment that China has been taking advantage of the United States and other countries. “President Trump is right about that: This has been a long time where we closed eyes on China raping us.” Sawiris has expressed his fondness for Trump…

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China Injects Record $83 Billion to Counter Economic Decline

China’s economy is facing some of its toughest challenges in years. On Wednesday, a day after several Chinese government institutions vowed further stimulus to aid its financial sector, the People’s Bank Of China injected a net $83 billion (560 billion yuan) into open market operations via reverse repo operations — to counter its declining economy. The post China Injects Record $83 Billion to Counter Economic Decline appeared first on CCN

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Dow Eyes Shaky Monday as US-China Trade Talks Ramp up

Dow Jones Industrial Average futures mostly traded sideways on Monday morning, as the US stock market waited to see whether renewed negotiations between the world’s two largest economies would bring an end to the US-China trade war. Dow, S&P 500 Teeter as World’s Largest Economies Meet for Trade Talks At 8:19 am ET, Dow futures The post Dow Eyes Shaky Monday as US-China Trade Talks Ramp up appeared first on CCN

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Bitcoin Price Falls to $3,900 After Poor Weekend, Crypto Market Loses $12 Billion

The cryptocurrency market has lost more than $12 billion from its valuation in the past 24 hours, as the Bitcoin price fell under the $4,000 mark. Major cryptocurrencies including Stellar (XLM) and Bitcoin Cash (BCH) lost around 6 percent in value on average, demonstrating a lack of momentum and trading activity. Bloodbath On December 2, … Continued The post Bitcoin Price Falls to $3,900 After Poor Weekend, Crypto Market Loses $12 Billion appeared first on CCN

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Bitcoin Miners are Selling Old ASICs for Scrap Metal as Price Decline Hastens Obsolescence

Over the past several days, there has been much debate within cryptocurrency circles about a series of videos and images allegedly showing Chinese crypto mining firms dumping bitcoin miners on the street. BRUTAL: this is what’s happening now in a China based mining site …. 😨😨 pic.twitter.com/gcN4lVTyBt — Dovey Wan 🦖 (@DoveyWan) November 20, 2018 The post Bitcoin Miners are Selling Old ASICs for Scrap Metal as Price Decline Hastens Obsolescence appeared first on CCN

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China’s Largest Newspaper Group to Launch Blockchain Laboratory

People Capital, the venture capital arm of People’s Daily Online — the official newspaper of the Chinese Communist Party — has signed an agreement with Xunlei Limited to use the blockchain technology for innovation and to empower the Chinese economy and the world at large. The alliance between the companies is part of a global The post China’s Largest Newspaper Group to Launch Blockchain Laboratory appeared first on CCN

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