CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how …

G20 Ministers Discuss Crypto Benefits, Commit to Risk-focused Vigilance

By CCN Markets: Global finance ministers and central bankers reconfirmed their multilateral support of crypto-industry regulations on the weekend in Japan. They were attending the G20 Finance Summit ahead of the Leaders’ Summit in late June. There were no surprises for the crypto-currency markets in the Communique sent out by Japan’s Minister of Finance on …

Weiss Crypto Ratings Drops EOS Over Centralization Concerns but Who Cares

By CCN Markets: Weiss Crypto Ratings on Friday announced that it is downgrading the technology score of EOS, a blockchain protocol developed and distributed by Block.one. EOS Downgraded by Weiss Rating Over Centralization Issues | Source: Weiss Crypto Ratings The US-based economic research agency said EOS has “serious problems with centralization,” three months after it …

Baltimore’s Ransomware Bill Hits $18 Million. Hackers’ Demand? $80,000

By CCN: Total costs from the crypto ransom attack last month on Baltimore’s networks is likely to exceed $18 million. According to Ars Technica, this will include $10 million to fund the full recovery of the IT infrastructure. Additionally, officials have estimated that the city lost revenues amounting to approximately $8 million while the systems were …

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 inflating the company’s revenue by $66 million in order to fraudulently secure a listing on the Nasdaq in 2017. Prosecutors …

US-China Trade War Will Escalate Bitcoin Price to $20,000: Analyst

By CCN: Bitcoin price is unlikely to hit the December 2017 highs unless the U.S.-China trade war escalates to new levels, an analyst has told Kitco News. According to DailyFX’s senior currency strategist Christopher Vecchio, bitcoin has lately been inversely correlated with the Chinese yuan. Being an effective method of moving value around the world, …

Bitcoin ‘Crypto-Casino’ is a Terrorist Playground: Ex-SEC Crime Czar

By CCN: Bitcoin is a worthless sham that’s only useful for facilitating crime, and the public must be warned about the full spectrum of the crypto-sphere’s sleaziness. That’s the opinion of attorney John Reed Stark, a cybersecurity expert who worked for 20 years at the SEC’s enforcement division. In a damning Law 360 column, Stark …

Bitcoin Millionaire Admits Steamy Sex Affair, Denies Model’s Grisly Murder

 By CCN: Bitcoin tycoon and Everus World founder Alex Johnson and his wife engaged in a threesome that ended with the mysterious death of a Dutch model in December 2017. Ever since, the couple has been living as outcasts, moving from one city to another while hiding from the anger and threats of vigilantes. Now, …