Cryptocurrency

Allowing Facebook to mint its own coin would turn it into the greatest monopoly in history, argues Signature Bank's chairman. Facebook’s Libra Cryptocurrency: Bad for Privacy, Bad for Competition written by Scott Shay @…

There has been no Monday correction for Bitcoin this week as the top cryptocurrency has held on to its weekend gains. With market dominance, a touch under 60% many traders and crypto aficionados are beginning to wonder if the altcoins will ever recover. Bitcoin Price Holding Steady Above $11000…

As the wave of interest in Facebook's stablecoin Libra continues around the world, it appears that Mark Zuckerberg's foray into digital currencies has a new and powerful ally. Fitch, one of the big three credit rating agencies, gave it a thumbs up in a recent report. Fitch in Love with Facebook's…

Stock prices follow earnings growth. The stock market reflects earnings expectations. That’s why analysts are concerned that the Q3 earnings forecast for the S&P 500 is for a decline of 0.3 percent, according to Factset data cited in CNBC. Declining earnings imply declining stock prices.…

Billionaire Mark Cuban is often the guy on "Shark Tank" who graciously declines to make an investment into one of the hopeful entrepreneurs pitching to him and a panel of investors. He's also backed some smash hits whose revenues have soared. While his latest investment may not be on "Shark Tank,"…

Just one day after the Senate Banking Committee is scheduled to discuss Facebook’s Libra, the House will follow-up. U.S. Rep. Maxine Waters, Chair of the U.S. House Financial Services Committee, announced her committee will hold its hearing on July 17. The set date comes after Waters called for a…

Synthetix, a synthetic asset issuance platform built on Ethereum, experienced an oracle attack which netted the attacker over 37 million sETH, according to Etherscan. However, the true dollar value is difficult to calculate at this time given the relative illiquidity of sETH on secondary markets.…

Paying a wealth tax is just fine for George Soros. He is among more than a dozen billionaires who make up the richest people on the planet and don’t think they’re being taxed enough to cover their fair share. However, they have conditions. They have designated causes as well as the amounts for such…

If there was any doubt regarding the ability of Elon Musk to mesmerize his groupies, just look at the Tesla Owners Silicon Valley group. These starry-eyed Tesla owners are actually volunteering to help the EV giant – a $40 billion for-profit company – achieve its end-of-quarter delivery targets.…

Citing data that demonstrates that over 86% of all Bitcoin SV volume originated from just 100 transactions, analyst Kevin Rooke told Twitter that Craig Wright’s pet crypto project is a “total ghost town.” 86.4% of all Bitcoin SV volume yesterday came from 100 transactions. The BSV network is a total…

NFL stars are no strangers to bizarre and even unfortunate stories, whether it’s buying a Tesla or demanding to be paid in bitcoin. Carolina Panthers Quarterback Cam Newton was apparently flying from Paris to Charlotte via North Texas and offered a passenger $1,500 for a coach seat with extra…

Buyer beware: the difference between ì and i can mean the loss of a few thousand dollars if you're not careful. Scammers Target Libra Fans With Fake Sites, Zuckbucks written by Daniel Kuhn @ https://www.coindesk.com/libra-scams-on-the-rise-as-newbies-learn-about-facebooks-crypto June 25, 2019…