By CCN: Dow Jones futures pushed higher in early trading Thursday, seemingly ignoring Donald Trump's latest trade threat. According to Reuters, the president said he was prepared to slam China with tariffs on all Chinese imports: ” I could
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Tesla's Blockbuster 73% Sales Spike Isn’t Fooling Anyone. It Changes Nothing.
By CCN: Morgan Stanley analyst Adam Jonas buried the lede in remarks on Wednesday, in which he touted Tesla's 73 percent year-over-year increase in US sales for the month of May. Don’t be fooled by spiking numbers Jonas noted that Tesla del
Bitcoin Price Explosion a Trap, Smart Money Awaits Pullback: Analyst
By CCN: The parabolic bitcoin price explosion, which saw BTC surge 136 percent in 2019, is a trap, according to on-chain analyst and Adaptive Fund partner Willy Woo. The price explosion is simply a short-squeeze driven by hedge funds. Organic buyers
China Dominates Stablecoin Crypto Appetite with Over 50% of Global Trading
By CCN: Chinese trading and stablecoin volume account for over half of the transactions sent and received by known parties, in the entire world, according to the latest issue of Diar. China Dominates Global Tether, Crypto Trading Trends Previous rese
Tesla Rakes Billions From GM & Fiat Chrysler to Fund Secret Cash Stash
By CCN: Tesla reportedly funds itself by selling credits to traditional auto manufacturers. Tesla sells fewer units, which are more efficient by lightyears, so it has excess government credits to sell, which other members of the industry, including G
Marshall Islands Shuns USD, Goes Full Crypto with National Cryptocurrency
By CCN: The Marshall Islands has announced that it will be launching an independently monitored cryptocurrency system for use across the country. The fiat-based cryptocurrency will be governed by consensus as well as a board of seven people, three of
This Dark Horse Exchange Reports Absurd 90% of PAX/USDT Trading
By CCN: Although its volume is excluded, BitMAX reported over $2.5 billion in trades between Paxos Standard and USDT in the 24 hours at the time of writing. One Exchange Reports over 10x Market Cap Traded This is an absurd amount of money changing ha
Bitcoin in Crosshairs as SEC & DOJ Drop Hammer on Crypto Firm Longfin
By CCN: The “crypto” startup Longfin Corp. got spanked by both the SEC and the DOJ for fraud amid a broader regulatory crackdown on bitcoin-related financial crimes. Specifically, Longfin’s CEO, Venkata Meenavalli, is accused of inf
Bitcoin in Crosshairs as SEC and DOJ Drop Hammer on Crypto Firm Longfin
By CCN: The “crypto” startup Longfin Corp. got spanked by both the SEC and the DOJ for fraud amid a broader regulatory crackdown on bitcoin and the digital currency industry. Specifically, Longfin’s CEO, Venkata Meenavalli, is accus
Dow Futures Skid as Trump Warns Mexico Trade Talks Hit a Wall
By CCN: After the stock market closed Wednesday, traders got a shock. The past two days have been a celebration. The Dow catapulted more than 700 points higher as the Fed offered life support to the market. But the party ended abruptly Wednesday even