House Prices Could Tumble as Much as 2008 Crisis, According to New Projection

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Crypto New Media Press

Bank of England hints at a 16% drop in home prices, matching the 2008 housing bubble crash. The median price of residential listings in the U.S. has already slumped since March. But house prices should bounce back faster than after the Great Financial Crisis in 2008. Most people wish they could forget the housing crisis […]

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Bitcoin’s Third Halving Complete: Reward Cut Surprisingly Faster Than Previous Time Estimates

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Crypto New Media Press

The Bitcoin blockchain has experienced its third block reward halving on May 11, 2020, at approximately 3:21 p.m EST, even though quite a few countdown clocks estimated that the halving would occur on May 12. Bitcoin miners now get 6.25 BTC per block rather than the 12.5 BTC they acquired before the halving. On Sunday, […]

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Ethereum Risks Downward Move If Bulls Fail to Buy From the Dips

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Crypto New Media Press

May 11, 2020 at 11:39 // News Finally, the $200 support has been broken after a general breakdown of the cryptocurrency market. Ether was previously in a downward move when ETH was overbought at $227. The market dropped after the overbought region to $195 low. An upward correction was made as the price action […]

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From DCEP To Libra, What Role for Decentralized Currencies?

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Crypto New Media Press

By Harrison Cheung Almost a year ago, Facebook appeared before the US Senate Banking committee to explain the social media giant’s upcoming digital currency project called Libra. Facebook CEO Mark Zuckerberg has regularly pointed out that China’s digital payments infrastructure was more advanced than the United States. This is all the more apparent now that […]

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BTC/USD Pivotal At $9,000, Is A Pre-halving Rally To $9,500 In The Cards? |

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Crypto New Media Press

Bitcoin halving to take place in five days; a pre-halving rally is still on the table. Bitcoin price could remain pivotal at $9,000 a while longer as observed from the horizontally moving RSI. Bitcoin block reward halving is expected in approximately five days. Last week, the price short up to $9,466. The massive gains were […]

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Facebook’s Libra Appoints HSBC Legal Chief Stuart Levey as CEO

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Crypto New Media Press

Stuart Levey will step down as Chief Legal Officer for HSBC Holdings this summer. Then, he will join the Libra Association as its CEO.  Facebook‘s Libra Association appoints a new CEO. It is Stuart Levey, the current Chief Legal Officer of HSBC, who will be in charge of the effort to build the global digital […]

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Papa John’s (PZZA) Stock Down 0.46% Now, Company Reports Best Month in Its History

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Crypto New Media Press

Papa John’s (PZZA) stock rose yesterday after hours but is down now in the pre-market after the company announced Q1 2020 results. April is said to be the best month in the company’s history. After closing yesterday with a profit of about 1%, Papa John’s International Inc (NASDAQ: PZZA) stock continued to rise in the after […]

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Wall St Veteran Launches Crypto-Powered Social Network and Marketplace

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Crypto New Media Press

CoinLinked, a social media network and marketplace platform founded by Wall Street veteran Jenny Q. Ta, launched on May 7. The platform will feature a utility token that rewards users for activity on the platform, and can also be redeemed for discounts on CoinLinked’s marketplace. Speaking to Cointelegraph, Ta described CoinLinked as the “first-ever blockchain-based […]

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Bitcoin and Ether Market Update: May 7, 2020

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Crypto New Media Press

Total crypto market cap lost $13.6 billion of its value since Monday morning and now stands at $254.5 billion. Top ten coins are all in red for the last 24 hours with Bitcoin (BTC) being the exception with 2.5 percent increase. Tezos (XTZ) lost 4.1 percent of its value. At the time of writing Bitcoin […]

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Will We Still Need Interoperability Bridges When Ethereum 2.0. Launches?

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Crypto New Media Press

If the long-awaited ETH 2.0 lands in July as promised, it will mark almost exactly five years since the world’s first smart contract platform launched in July 2015. The upgrade will introduce significant constraints on supply. These include a new cap on issuance, but it will also lock up substantial quantities of ETH as stakers […]

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