Here’s Why FED Gives Markets Green Light, Further Rate Hikes Unlikely

Renowned economist, author of the “Death of Money,” Jim Rickards says the markets just “got the cue” they need. The U.S Federal Reserve (FED) is now unlikely to raise interest rates again without significant warning. That’s a green light for the stock markets and indeed the cryptocurrency market. Powell's use of "patient" on Friday was The post Here’s Why FED Gives Markets Green Light, Further Rate Hikes Unlikely appeared first on CCN

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British Politician: Printing Fiat Money is Counterfeiting, Merit of Crypto

At a European Parliament meeting in 2013, British politician Godfrey William Bloom said that all major banks are broke and criticized the ability of banks to lend money they do not have, which is not possible with decentralized currencies like crypto. At the time, Bloom stated that the ability of central banks to print and The post British Politician: Printing Fiat Money is Counterfeiting, Merit of Crypto appeared first on CCN

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JPMorgan: US Recession by 2020 Has 60% Chance, is Crypto an Alternative?

$362 billion banking giant JPMorgan Chase has predicted a 60 percent chance for the next US recession to occur by 2020. In a global market crash, can crypto be a viable alternative to existing stores of value? “The probability of a U.S. recession within one year is almost 28 percent, and rises to more than The post JPMorgan: US Recession by 2020 Has 60% Chance, is Crypto an Alternative? appeared first on CCN

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Op-Ed: Do Blockchains Need a Native Currency?

Like most administrators in top banks and other financial institutions across the globe, the governor of the Bank of Spain, Luis María Linde lent his voice towards the criticism of cryptocurrencies despite showing support for the underlying technology, blockchain. Linde believes that the risks associated with cryptocurrencies outweighs the benefits therein by a lot but The post Op-Ed: Do Blockchains Need a Native Currency? appeared first on CCN

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Analyst Predicts Ethereum Price to Hit a Record $2,500 in 2018

Ethereum could rise fourfold to $2,500 and have a record-setting year this year, a financial consulting firm has predicted. “The price of Ethereum is predicted to increase significantly this year, and could hit $2,500 by the end of 2018 with a further increase by 2019 and 2020,” Nigel Green, founder and CEO of deVere Group, The post Analyst Predicts Ethereum Price to Hit a Record $2,500 in 2018 appeared first on CCN

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‘Bitcoin Is the Greatest Scam in History,’ Says Founding PayPal CEO. Wrong.

One could say that former PayPal chief executive Bill Harris is not fond of Bitcoin, but that would be an understatement. Writing in an op-ed published by tech outlet Recode, Harris argues that Bitcoin is not only a bad investment but is also a “colossal pump-and-dump scheme, the likes of which the world has never The post ‘Bitcoin Is the Greatest Scam in History,’ Says Founding PayPal CEO. Wrong. appeared first on CCN

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Is Nasdaq’s Latest Slip Good for Cryptocurrencies?

The Nasdaq continued the fall from its all-time high on March 12, 2018. The Nasdaq is down nearly 10% since the high on a variety of news. The Nasdaq, which tracks tech stocks has suffered under the weight of massive losses in market capitalization by the likes of Facebook, Amazon, and Twitter. The causes, which we’ll The post Is Nasdaq’s Latest Slip Good for Cryptocurrencies? appeared first on CCN

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Cryptocurrency Investing: Emotions and Decision-Making

Round 2: Everyone Gets Emotional at Some Point Consider all the examples shown in Round 1 and now look at how the cryptocurrency market is currently behaving. It does look similar to a bubble burst, doesn’t it? –disclaimer: my opinions and views are not financial advisements. I have personally invested in projects mentioned in this The post Cryptocurrency Investing: Emotions and Decision-Making appeared first on CCN

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