UBS CEO Sergio Ermotti Basically Admits Equities Are A Ponzi Scheme: Wes Messamore
Speaking at a CNBC panel at the World Economic Forum in Davos, Sergio Ermotti, the chief executive officer of Swiss bank UBS said the massive December sell-off was the result of political fears as well as the reality setting in that the Fed is tightening up t…
Trading on Sentiment: How Crypto Hedge Funds Can Use AI to Achieve Alpha: Guest Writer
As Nobel Prize-winning economist Robert Shiller put it, “Bitcoin is a social phenomenon.” Rumors, fear, and hype all play an enormous role in influencing the price of cryptocurrency, but these things are not so easy to identify on a chart. While many institut…
5 Things I Wish Marie Kondo Would ‘Declutter’ from the Crypto Industry: Wes Messamore
“What do you have that sparks joy? And can we pay with bitcoin?” Her Netflix television series, Tidying Up with Marie Kondo, became available to stream in January 2019 and quickly became a cultural phenomenon. Marie Kondo is the author of the best selling boo…
Why Trump’s Trade War Hasn’t Stopped US Venture Capital from Piling into China: Melanie Kramer
President Donald Trump and the US government are neck-deep in a trade war with China. Yet US businesses and investors pushed more venture capital investment into China in 2018 than ever before. Though Trump has added tariff after tariff on the country, Americ…
Bitcoin-Hating Ex Starbucks CEO Howard Schultz Mulls US Presidency, Backs Blockchain: Samantha Chang
Billionaire Howard Schultz ― the bitcoin-bashing former CEO of Starbucks ― is considering running for US president because he’s disgusted with the bitter political gridlock he sees today. Schultz announced on Twitter that he would run as a “centrist independe…
Under Fire from the SEC, Kik’s Crypto Project is Going to War: Wes Messamore
Canadian messaging app company Kik Interactive Inc. is planning to take the SEC to court over a potential enforcement action against Kik’s 2017 initial coin offering (ICO) of the Waterloo, Ontario-based tech company’s proprietary cryptocurrency, Kin. A Kik re…
Op-Ed: Ex-Starbucks CEO Howard Schultz Might Run for President, Here’s Why That’s Great for America: Wes Messamore
The Atlantic reported Sunday that former Starbuck’s CEO Howard Schultz is giving serious consideration to a presidential run in 2020 as an independent candidate. The revelation was made in a recently recorded 60 Minutes interview, The Atlantic said, in a repo…
25 Crypto Networks Vulnerable to ‘Fake Stake’ Attack, are Your Funds at Risk?: P. H. Madore
More than two dozen Proof-of-Stake (PoS) cryptocurrency networks are vulnerable to what has been dubbed a “fake stake” attack. The vulnerability allows a node with a very small stake to overwhelm competing nodes with false data and essentially crash them. Onc…
Outplayed: Trump Weaker Following Shutdown Fiasco, What Pushed Him to the Brink?: Joseph Young
The Trump administration reopened the government after a record 35 days, merely weeks after President Donald Trump heavily emphasized that the government would remain shut without funding for the border wall. Reports suggest that three major factors led Presi…
Crypto Payments Firm CEO: Hacks, Scams, and Volatility Discourage Mass Adoption: P. H. Madore
AtomicPay’s CEO believes that scams and volatility are the primary things holding back public mass adoption of cryptocurrencies. The Thailand-based company is a non-custodial crypto payment processor. They are one of the few crypto payment processors that fac…
Opinion: Bill Gates and Elon Musk Should Be Forced to Pay More in Taxes: Jimmy Aki
Wealth equality has always been one of the major global macroeconomic objectives with various initiatives being recommended and employed by governments and multinational organizations to lessen the gap between the rich and the poor. However, no one seems to b…
Bill to Exempt Crypto From Securities Laws Will Be Delayed, Says Attorney: ‘Don’t Hold Your Breath’: Samantha Chang
Crypto attorney Jake Chervinsky doesn’t believe that a bill to exempt cryptocurrencies and ICOs from US securities law will be approved anytime soon. He cited the bureaucratic inefficiency of Washington as a key reason for his pessimistic outlook. “I don’t kn…
Did China’s Wealthy Elite Secretly Move Capital Offshore via Hong Kong’s Gemstones?: Melanie Kramer
There’s attention being drawn to an anomaly in China’s trade data. Compared to imports of precious gemstones from Hong Kong, it could point to China’s wealthy overpaying for said imports. A method of moving capital out of the country that bypasses China’s cap…
TRON Spikes 134% in 1 Month: Will the Crypto Sector’s Strong Performance Push Bitcoin Higher?: Joseph Young
In the last 48 hours, since its daily peak on January 26, the Bitcoin price has declined from $3,657 to $3,515, by nearly four percent against the U.S. dollar, while TRON surged by 10 percent on the day. The decline in the Bitcoin price has led the valuation …
15 Suspects Arrested in Alleged $8 Million Taiwan Cryptocurrency Scam: Alan Wass
By CCN.com: More than a dozen suspects have been arrested in Taipei for their part in an alleged Taiwan cryptocurrency scam that is worth in the region of $8 million. The scam surrounds a cryptocurrency called IBCoin, which was supposedly used to part investo…
Apple Leads the Dow Jones Into Five Weeks of Gains: Melanie Kramer
The Dow Jones Industrial Average, by a fraction, realized its fifth week of gains on Friday. A closing high of 0.8% in Friday gave the Dow a 0.1% increase across the week. Disregarding speculation that Apple could be dying, the iPhone maker’s shares led the D…
Exclusive: Voyager CEO on Why Crypto Regulation is the Last Step Before Mass Adoption: P. H. Madore
By CCN.com: Voyager aims to be the easiest way to trade cryptocurrency. The crypto brokerage app lets the user simply place an order and allow Voyager to do the rest. The company is connected to more than a dozen cryptocurrency exchanges around the world. It …
Why the US Debt Machine Should Make Investors Wary of the Dow Jones Recovery: Joseph Young
By CCN.com: Since early 2018, virtually every type of debt in the U.S. has achieved an all-time high, surpassing trillions of dollars, and that should make Americans wary of the recent recovery seen in the Dow Jones Industrial Average and wider U.S. stock mar…
Trying to Build a ‘Better Bitcoin’ is as Pointless as Creating a ‘Better’ Google Search: Wes Messamore
By CCN.com: MIT researchers have designed a new cryptocurrency, Vault, to make it easier for new users to join the network by reducing the bandwidth for starting a new node by 99% over Bitcoin. Shocker (Not): New Cryptocurrency Claims to be Better than Bitcoi…
Why Hedge Fund Titan Ray Dalio Says the US Stock Market is Lurching Toward Recession: Melanie Kramer
By CCN.com: Ray Dalio, the investment chief at the $160 billion Bridgewater hedge fund, joins other money titans and economic experts in warning that a recession looms on the horizon, threatening to wipe out the US stock market. Others still disagree. Dalio D…
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