Category Archive : Breaking

Crypto Downturn Claims Another Victim: Ethereum Classic Dev. Team ETCDEV Shuts Down

The crypto industry has the urge to purge amid the prolonged bear market. The latest victim is ETCDEV, a major Ethereum Classic development team that launched in 2016. Igor Artamonov, the founder and chief technology officer of ETCDEV, announced that the group is shutting down due to lack of funds. “As is publicly known, we have

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Nearly Every Major Cryptocurrency is Down at Least 90% from All-Time High

Earlier this year, in February, Tom Lee — co-founder of Fundstrat Global Advisors, the first Wall Street strategy firm to embrace bitcoin — opined that the crypto market had turned a corner and would see new highs in July. Nine months and several year-end price target reductions later, cryptocurrency assets remain firmly in the red.

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Ripple, NEM and others Launch EU Blockchain Association

Ripple and three other blockchain based companies have formed a lobbying association that would represent their interest in Europe, according to their press release. Dubbed ‘Blockchain for Europe,’ the lobbying group would aim to create a credible and unified voice for the industry in Europe. The members of the new blockchain lobbying group are Ripple,

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7 Major EU Countries to Go Big on Blockchain: What It Means for Crypto

On December 4, seven EU countries led by Malta and France have established a group called the “Mediterranean seven” to encourage and promote the usage of blockchain technology. In the months to come, the seven countries that include France, Italy, Spain, Malta, Cyprus, Portugal and Spain, will work to implement the blockchain in education, transport,

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Binance Coin (BNB) Grows 8.5% after Decentralized Exchange Demo Video Release

Binance Coin on Wednesday surged as high as 8.5 percent against the US Dollar after the company released a demo video of its decentralized exchange. The BNB/USD is now trading at 6.33-fiat, down 1.89% from its intraday high at 6.45-fiat. The pair is moving inside a rising wedge channel, a price wave reversal pattern. As

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Roger Ver Remains Positive on his Cryptocurrency Outlook

The market is still in the red and it seems it would be staying that way for a while. With the latest “fall” in the crypto market, skeptics have been speculating on whether Bitcoin and its compatriots could mount a quick comeback and shake off this bearish run. However, in the midst of all this skepticism,

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Vertcoin Hit by 51% Attack, Allegedly Lost $100,000 in Double Spending

A bitcoin-replica launched with an aim to discourage miners from forming pools and gain a monopoly over its network has been compromised. Mark Nesbitt, a security expert, revealed that the blockchain of Vertcoin, a peer-to-peer PoW cryptocurrency, is under a 51% attack. The Coinbase engineer found that some anonymous cybercriminals rented a large amount of ASIC

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Bettium Going Live on BTCEXA Exchange

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

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EOS Gambling dApp Receives Gaming License in Curaçao

EOS Gambling dApp EOSBet has announced that Curacao’s online gambling industry regulator Curaçao eGaming has granted it a gaming license. In an announcement posted on its official blog, EOSBet revealed that the accreditation will enable it to offer all existing forms of interactive online gambling under the regulator’s Master Gambling License issued by Curaçao’s Ministry

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Crypto Market Rebounds But No Major Recovery in Sight: Factors and Trends

Throughout the past 24 hours, the crypto market has slightly rebounded by around $3 billion, from $123 billion to $125 billion. Bitcoin (BTC) has avoided a potential decline to the low region of $3,600, as it stabilized at around $3,850. It reached its daily low at $3,800 but rebounded by a small margin. Other major

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