Bitcoin millionaire John McAfee has a bold, ambitious vision: To rule over both the United States and the United Kingdom as their president and prime minister, respectively. McAfee outlined his audacious aspirations on Twitter, where he alleged that he qualifies to be both — simultaneously — because he’s a U. origin »

IRS Says It’s Sending Warning Letters to US Cryptocurrency Owners.

The IRS has begun contacting U.S. taxpayers, warning them about possible back taxes owed on their crypto holdings. origin »

MIT's Connection Science Fellow Believes Libra Structure Was 'Lifted'.

Facebook's Libra cryptocurrency project supposedly resembles details outlined in a paper that was published in the Royal Society's Open Science journal last year.

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Why Crypto Twitter’s Biggest Bull Suddenly Turned Bearish on Bitcoin.

The pseudonymous Majin isn’t the most popular trader on Crypto Twitter, but even haters must admit that he’s got a knack for reading the market and has been on a hot streak since at least December 2018. origin »

Apple Stock Hiccups After Trump Thunders Ominous Warning.

Apple stock hiccuped on Friday after President Trump unexpectedly unleashed an ominous warning to the Silicon Valley tech giant. Trump: No Tariff Waivers for Tim Cook Shortly before 10:10 am ET, Trump tweeted that the White House would not give any “Tariff wavers (sic)” to the Tim Cook-led firm, which has long manufactured most of […] The post Apple Stock Hiccups After Trump Thunders Ominous Warning appeared first on CCN Markets origin »

Dow Spins Tires While Nasdaq Booms on $25 Billion Stock Boost.

The Dow spun its tires on Friday, helplessly advancing a few paltry points even as the Nasdaq surged thanks to a $25 billion helping hand from Google-parent Alphabet. Dow Stuck in Holding Pattern, Tech Stocks Soar Wall Street’s three major indices each rose on Friday, but their rallies were far from lock-step. origin »

Justice Department Slaps Escrow Firm Director in $7 Million Bitcoin Fraud.

US authorities have arrested the operator of a Bitcoin escrow company for defrauding two firms of $7 million. Jon Barry Thompson – a Pennsylvania man who is the director of the Bitcoin escrow firm Volantis – has been arrested and charged with two counts of wire fraud and two counts of commodities fraud, the US […] The post Justice Department Slaps Escrow Firm Director in $7 Million Bitcoin Fraud appeared first on CCN Markets origin »

Facebook’s Libra Could Add Japanese Financial Giant Monex to Crypto Kumbaya.

Monex, the Japanese online brokerage that owns the crypto exchange Coincheck, has applied to join the Facebook Libra stablecoin project. The Libra Association will make a final decision on Monex’s application by September 30, Reuters Japan reported. origin »

Lightning Labs Designs Monitoring Tool for ‘Layer 2’ Bitcoin Network.

The lightning network, seen as the future of bitcoin payments, is now a bit easier to monitor. This Wednesday, Lightning Labs released a new network analysis tool dubbed “Lndmon” that bitcoin lightning network users can use to pull up data about the state of their node and the rest of the network. The offering features […] origin »

India’s Crypto Dial Leaned Regulation Before Central Bank’s ‘Ban’ Shove.

India – that has proposed a total ban on crypto yesterday – had planned to regulate digital currencies at first but the Reserve Bank of India (RBI) has forced the inter-ministerial cryptocurrency committee to prohibit the digital assets. origin »

Swedish Crypto Exchange QuickBit Leak Spills 300,000 Customer Records.

Swedish crypto exchange QuickBit has confirmed the data leak of 300,000 records that have been left exposed to the public by a contractor of the company during a security update. QuickBit – that is listed on the NGM Nordic MTF stock market – has seen its MongoDB database released to the public without the need […] The post Swedish Crypto Exchange QuickBit Leak Spills 300,000 Customer Records appeared first on CCN Markets origin »

Here’s Why Bitcoin Price Slipped 6% Overnight in Abrupt Drop Near $9,500.

Overnight, within 10 hours, the bitcoin price dropped to $9,514 in an abrupt decline from $10,177 by more than 6. 5 percent. The move has been interpreted as a largely technical move triggered by the failure of the dominant crypto asset to test key resistance levels above $10,000. origin »

Starbucks Brews Up 7% After-Hours Because The Company is Crushing It.

Starbucks continues to show why it is the top dog in coffee, delivering a frankly astonishing quarter of earnings growth, fueled by explosive same-store sales growth. Let’s examine the headline numbers and some other metrics that will show why Starbucks stock is up 7 percent in after-hours trading to an all-time high. origin »

SEC Lets Crypto Play, Clears Gaming Company to Sell Tokens .

Pocketful of Quarters (PoQ) can breathe a sigh of relief today. The SEC announced that it will not take action against the gaming rewards company. This is only the second time the SEC has issued a “no-action” notice to a token seller. origin »

Google Stock Explodes Nearly 10 Percent Higher After Crushing Earnings.

Quarterly earnings from Google parent Alphabet showed strong advertising growth. As a result, Alphabet’s stock exploded upwards by $96, or 8.5 percent, in after-hours trading. Does this signal a new upside push for FAANG stocks and tech stock bull market? Despite Amazon’s earnings miss, and the threat of a DOJ antitrust inquiry haunting the sector, things look […] The post Google Stock Explodes Nearly 10 Percent Higher After Crushing Earnings appeared first on CCN Markets origin »

Firm That Monitors USDC Stablecoin Audited Over $10 Billion in Client Assets.

Grant Thornton audited more than $10 billion spread over 40 cryptocurrencies in more than 100 million addresses. origin »

Amazon Earnings Miss the Mark, Stock Drops $15 in After-Hours Trading.

Amazon stock is down about $15, or 1 percent, in after-hours trading after the company missed earnings estimates by 6 percent. The e-commerce giant did manage to beat the revenue estimate by about 1 percent. origin »

Circle CEO to Testify Before Senate on Crypto Regulation.

Circle Chief Executive Officer Jeremy Allaire will be the sole crypto-industry representative to testify next week before the Senate about the need for clear regulation for digital assets. The hearing—titled “Examining Regulatory Frameworks for Digital Currencies and Blockchain”—follows extensive Senate hearings on Facebook’s Libra; it also comes origin »