Bitcoin (BTC) suffered its biggest drop in seven years, as fears over the spreading coronavirus triggered a new wave of selling in everything from stocks and junk bonds to cryptocurrencies. This came despite a new European Central Bank pledge to pump more cash into panicky markets. Prices for the largest cryptocurrency by market value plunged […]
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The bitcoin price suffered a painful crash this week, but bulls shouldn’t imagine the worst is over. This dump isn’t finished – not even close. | Source: Shutterstock By CCN Markets: The bitcoin price suffered a massive setback on August 28th, crashing through support at $10,000 before testing the low $9,000s. We warned that this […]
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Facebook stock suffered a devastating investor exodus last year, but FB shares held the line and are now poised for a 25% surge. | Source: REUTERS / Dado Ruvic By CCN Markets: Facebook (FB) stock suffered a devastating 2018 amidst controversies that led to a mass investor exodus. In one particularly painful trading session, Facebook […]
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BioWare suffered another blow with the departure of its next big title’s lead producer, Fernando Melo. Maybe they should part ways with EA. | Photo by Matt Sayles/Invision for Microsoft/AP Images By CCN Markets: Fernando Melo, the lead producer on the upcoming Dragon Age title, is leaving BioWare. This is especially shocking as it’s happening […]
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The Dow suffered a vicious 750 point crash as the German economy teetered on the brink of a devastating recession. | Source: REUTERS/Kai Pfaffenbach By CCN Markets: The Dow and broader U.S. stock market plunged anew on Wednesday, erasing the previous day’s recovery after a slumping German economy raised red flags about the health of […]
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When Slack suffered a crippling 64-minute outage this morning, the downtime did more than just enrage users and resurrect the #Slackdown hashtag. It also ignited a $550 million plunge in Slack stock (NYSE: WORK). 64 Minutes of Virtual Office Pain The outage, as CCN reported, began at roughly 10:50 am ET and lingered for more […]
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The Dow suffered a vicious setback on Tuesday after President Donald Trump unleashed a devastating tweetstorm rebuking China for its behavior throughout the trade war. The attack, which came just as the two countries were on the cusp of resuming face-to-face negotiations following a frosty standoff, sent another chill through Wall Street. Dow Lurches Toward […]
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By CCN: Uber has suffered a defection from the C-Suite, and the timing couldn’t be better. It’s no secret that the ride-sharing company that has been struggling with its own identity has had a rocky road since its IPO. The stock only recently recaptured the IPO price (thanks to bullish Wall Street analysts propping up […]
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Ethereum Classic grabbed the headlines recently after it suffered a 51 percent attack on its blockchain. The crypto’s development team was quick to reassure its users through social media. However, some exchanges such as Gate.io have come forward to confirm that they have lost funds to the hack. Engineers from Coinbase also compiled a report […]
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