Model Y Not? Elon Musk Rolls the Dice Unveiling Risky New Tesla SUV: Francois Auré
If you are launching an SUV to prove to everyone you’re not as chaotic a company as the media makes out, then start on time. The Tesla Model Y launch live stream was delayed. As I sat waiting all I could think was here we go again. Maybe I’m just a stickler f…
Thailand’s National Exchange Preps 2020 Launch For Digital Asset Platform: Wes Messamore
The Stock Exchange of Thailand (SET) announced Wednesday in a statement that plans are underway for the development of a digital asset platform ready to roll out in 2020. SET is working along with several third-party financial collaborators to develop the sof…
Dr. Doom Buys First BTC, Is Warren Buffett next?: Chris Chiddle
Famed Swiss investor, analyst and, until recently, crypto skeptic Marc Faber, 73, has bought his first bitcoin in another sign the old guard of investments is warming to crypto. Speaking to German finance website Cash, Faber revealed he recently bought bitcoi…
Newsflash: Mt. Gox: Mark Karpeles Receives Suspended Sentence: P. H. Madore
The Wall Street Journal reports that the verdict is in on Mark Karpeles. He was found guilty on just one charge: producing illegal records. The rest of the charges, including the loss of millions of dollars in Bitcoin, were dropped. Further, he was handed a s…
Tesla Headed to Hell in a Model Y: Melanie Kramer
Will the bad news end for Tesla? Not yet, the electric car maker is headed for a trip to “demand hell” according to Vertical Group analyst Gordon Johnson. The imminent reveal of the Tesla Model Y SUV is doing little for Tesla stock. Only a short time to the M…
Ethereum Won’t Fail: Joseph Lubin: Gerelyn Terzo
It’s no secret Ethereum was among the hardest hit coins during the crypto winter after a tough year of regulatory uncertainty surrounding security tokens and ICOs. If anyone should seem worried, it would be blockchain pioneer Joseph Lubin, whose company Conse…
Breaking: CBOE Not Adding New Bitcoin Futures Contract This Month: P. H. Madore
The Chicago Board Options Exchange announced today that it will not be adding any new Bitcoin futures of any kind this month. They went out of their way to announce as much, likely to tamp down the rowdy crypto press, who have a tendency to latch onto stories…
Snap Stock Surges 12%: Here’s Why You Shouldn’t Trust This Rally: Francois Auré
Snap. Inc shares are soaring after analysts at BTIG have turned bullish on the outlook for Snapchat. Up more than 12% on the day, there were a couple of notes from BTIG analyst Richard Greenfield that got volumes surging in the fledgling tech company. In my v…
Senate Republicans Mutiny, Deliver Devastating Rebuke to Lawless Trump: Wes Messamore
The U.S. Senate voted today to block President Donald Trump’s emergency declaration at the United States-Mexico border. Following a weeks-long government shutdown and stalemate with House Democrats over funding to reinforce barriers on the southern border, Do…
Tom Lee: Bitcoin Price on Verge of Racing into Bull Market: P. H. Madore
Tom Lee made an extraordinary prediction in December, one that turned out to be false. He said Bitcoin would go way back over $10,000, which was an adjustment from an earlier prediction. Now, while Bitcoin trades sideways within a tight range but altcoins are…
Florida Teenagers Planned Dark Web Terrorist Attack on Jacksonville School: Conor Maloney
Grant Shirley, 17 and Matthew Guey, 15, have been arrested following a plot to create a napalm bomb which was allegedly to be used to kill or maim classmates at a Jacksonville private school campus. One of the teenagers reportedly accessed the dark web to res…
House GOP Leader McCarthy Says US Govt Must Go All-In on Blockchain: Gerelyn Terzo
Republican House Minority Leader Kevin McCarthy (R-CA) is sounding a lot like a tech entrepreneur these days. In a plea before a select committee on March 12 introducing ideas for Congress to prioritize in the 21st century, the GOP leader made his case for in…
Mammoth Facebook Outage Sends 3 Million Users Piling into Telegram: Conor Maloney
Telegram CEO Pavel Durov announced that 3 million new users signed up to his encrypted messaging service in just 24 hours. The sudden, massive influx is likely due to the service outages affecting Facebook and WhatsApp on Wednesday. Facebook & WhatsApp Go Off…
Wells Fargo CEO ‘Earns’ Major Raise as Bank Racks up Billions in Fines: Wes Messamore
The day after his Tuesday appearance on Capitol Hill to answer questions from the House Financial Services Committee, banking empire Wells Fargo disclosed it would be giving the company’s CEO, Tim Sloan, a 5 percent raise for 2018. To repeat, this is the day …
Exclusive: Tether Claims ‘100% USD-Backed’ But Crypto Community Remains Skeptical: Joseph Young
On Wednesday, investors in Tether, the most dominant stablecoin in the crypto market, pointed out a change in the stablecoin’s Terms of Service and Risk Disclosure which described that its USD reserves will be composed of loans issued by Tether, not solely by…
Breaking: Bittrex Int’l Scraps ‘IEO’ amid Controversy over Crypto Startup RAID: Josiah Wilmoth
European cryptocurrency exchange Bittrex International has scrapped its first “initial exchange offering” (IEO), just hours before the RAID crypto token sale was scheduled to commence. The cryptocurrency exchange announced the halt to the sale on Twitter, exp…
Illinois Judge Blocks Mt Gox CEO’s Bid to Weasle out of Bitcoin Trader Lawsuit: Gerelyn Terzo
For Mark Karpeles, the former CEO of the shuttered Mt. Gox bitcoin exchange, the hits just keep on coming, this time from more than 6,000 miles away. An Illinois court in a Memorandum Opinion and Order issued on March 12 has denied Karpeles the chance to make…
Dow Slams on Brakes While Boeing Careens Toward 8th Straight Decline: Sam Bourgi
The Dow and broader U.S. stock market slammed on the brakes Thursday as Boeing headed for its eighth consecutive decline and China’s economy showed a further cooling trend. A delay in U.S.-China trade negotiations also raised the specter of a prolonged tariff…
“This Is No Way to Run a Country!” Businesses Rage at Brexit Economic Suicide as $1 Trillion Exits UK: Ben Brown
Britain is running head-first into economic suicide. That’s the verdict from furious business owners in the UK as we enter the third day of shambolic Brexit votes. The latest voice to join the backlash is Carolyn Fairbairn, the head of the Confederation of Br…
US Stock Market Wobbles as China Trade Talk Sentiment Sours: Melanie Kramer
The US stock market has been riding a wave of optimism stemming from optimism about a swift resolution to the ongoing US-China trade talks. However, President Donald Trump’s comments are now swinging from a “good chance” of an immediate deal to claims that he…