Crypto & Its Market News

Has the iPhone X been a success? That’s a crucial question that Apple will address in its next earnings report Thursday, as questions loom about how well the company delivered on the promise to reinvent the iPhone. How to arrive at the answer depends on whom you ask. Ahead of report, some analysts are focused heavily on iPhone sales. But others say that what matters more is whether Apple has made more money from each phone it sells. The report will mark the first time Apple releases information about iPhone X sales since the phone hit stores. If sales are the most important point, there may be trouble ahead. A couple of notable reports have claimed that the iPhone X has had slower-than-expected sales so far this year. Japanese paper Nikkei reported this weekend that Apple has told its manufacturers to cut back on the number of iPhone X units they produce headed into next year. KGI Securities analyst Ming Chi-Kuo said in a note last week that Apple probably won't sell the iP...

To be sure, mine is not the first column to suggest that a bitcoin BTCUSD, -4.11%  crash is imminent, especially as bitcoin’s price tops $10,000. But you may not realize just how high the probability of a crash has become. The reason of a crash’s probability is a recent study of what has happened on prior occasions when an asset’s price has skyrocketed. Bitcoin’s extraordinary price run-up far exceeds the threshold for when a crash becomes nearly certain. This study, titled “Bubbles for Fama,” was published earlier this year by the National Bureau of Economic Research. Its authors are Robin Greenwood, a finance and banking professor at Harvard Business School and chair of its Behavioral Finance and Financial Stability project; Andrei Shleifer, an economics professor at Harvard University; and Yang You, a Ph.D. candidate at that institution. The researchers defined a bubble as a sharp price run-up over a two-year followed by at least a 40% drop over the subsequent two ye...

The whole purpose of the invention of Bitcoin was to have a currency free from the government and banks. Do you know what was the reason of the 2008 market crash? Irregularities and corruptions in the banking system. Banks had given loan to everyone without checking their credit history and failed to recover even the original amount. The global market crash started on September 29, 2008 and the initial Bitcoin paper was proposed on 31st October 2008. Can you see the pattern here? And I repeat again, “Initial Purpose of Bitcoin was to have a currency free from banks and governments” ________________________________________ Now suppose we are sitting in a class, right next to each other. I have a pen and I gave it to you. Do we need a third person to help us make this transfer? Will you ask the teacher to take the pen from me and give it to you? Maybe, we’ll need someone to keep the track of “who is the owner of the pen now?” but we don’t need anyone to make the transf...

Teenage bitcoin millionaire Erik Finman, 19, has advice for young people looking to invest in the cryptocurrency: "Find what you're good at, and find a way to make money doing it." "This is crucial for young people," he writes on Twitter. "Establishing an extra stream of income will allow you to start investing earlier." TWEET Finman currently owns 401 bitcoins, which he confirmed with CNBC Make It, or over $4.4 million at the rate of $11,182 a coin. The teenager began investing in bitcoin in May 2011, after receiving a $1,000 gift from his grandmother at age 12. Finman tells Forbes that his knack for politics is actually what got him interested in bitcoin initially. "[I] saw this as an incredible way to transcend the financial system including Wall Street," he tells the magazine. However, notable financial experts like Warren Buffett have warned against investing in bitcoin. "In terms of cryptocurrencies, generally, I ca...

BITCOIN might have taken a hit in recent weeks, but one cryptocurrency expert has no doubts that the digital currency will rebound - and then some, as revealed by cryptocurrency expert and CEO Bobby Lee.   Bitcoin’s  price could hit above $1 million dollars in the next 20 years, Bobby Lee, CEO of China’s first bitcoin exchange said.  Speaking exclusively to Express.co.uk at London Blockchain Week, Bobby Lee, the co-founder of BTCC, said: “Bitcoin, I think will get to $1 million per bitcoin. “Right now it’s 10,000, it will go 100,000 and then 200,000, 500,000.  “Half a million, that’s going to be a milestone and then eventually it will cross $1 million for bitcoin.” Asked how long it would take to hit the million mark, Lee said: “Within 20 years, really within 20 years.” Bitcoin is a cryptocurrency not controlled by a single administrator and can be used to buy things worldwide electronically.  Its popularity has caused demand to skyrocket th...

Top 5 Bitcoin Myths and the Truth Behind The Lies Many times I’ll run into people new to the idea of Bitcoin and they have heard some mainstream news program or some random person confuse them about Bitcoin. These include common half-truths, ignorance, or fully erroneous news passed off as facts on how Bitcoin works. A s a public service, here are five common misconceptions, or myths , about Bitcoin and things you can retort if you are ever to meet a walking fountain of misinformation. (This list is really much longer than five myths, and may be amended in the future.) Bitcoin Myth #1: Bitcoin doesn’t do anything the other coins can’t do. It’s nothing special. Bitcoin is the original crypto-currency, so the “ Altcoins ” are many times derivatives of Bitcoin or offshoots of its blockchain. It may not even be possible to buy an alt coin without buying Bitcoin, so it acts as a global reserve currency for decentralized digital currency. Bitcoin is held to just 21 million coi...

Prominent crypto critic calls bitcoin a ‘bubble’ and says go to Vegas if you want to gamble • Jeffrey Robinson, the author of a scathing bitcoin take-down, says he believes buying bitcoin is not investing. • "It's a loaded roulette wheel," the writer of the 2014 book "BitCon" argues. • Bitcoin was trading above $11,000 on Friday after sharp sell-offs earlier in the week. Jeffrey Robinson, best-selling author of a scathing bitcoin take-down, told CNBC on Friday that he believes buying bitcoin is gambling not investing. "It's a bubble," Robinson said on "Squawk Alley." "It's a loaded roulette wheel. You're better off in Vegas. The food is better." In his 2014 book "BitCon," he called bitcoin "pretend currency," and wrote very few people use or accept it. Despite the additional adoption of bitcoin as a payment method since then, Robinson repeated that sentiment, saying "nobody is u...

Ether is eyeing an upside break against the US dollar. ETH/USD will need to gain momentum above $1,100.00 to capitalize on the recent recovery. Ether is trading in range above the $1,000.00 level against the US dollar. There is a contracting triangle forming with resistance at $1,100.00 on the 2-hour chart of ETH/USD. ETH/BTC seems to be struggling to hold gains above the 0.0900BTC level. The past few sessions were mostly quiet as there was no major movement in ETH/USD. The pair traded within range, remaining stable above the $1,000.00 support area. On the other hand, ETH/BTC failed to hold ground, moving below the 0.0900BTC support. It seems like the pair is in the third wave of correction, which may well test the 0.08500BTC level. Looking at the 2-hour chart of ETH/USD, there is a contracting triangle forming with resistance at $1,100.00. The last 7-8 candles suggest that the pair is in a consolidation phase and is preparing for the next move. The mentioned $1,100.0...