Ben Mezrich, the author of the Winklevoss-twins inspired “Bitcoin Billionaires,” is calling out Mark Zuckerberg on Libra. In an interview with CNBC, Mezrich, who was peppered with questions on everything from crypto wallets to bitcoin regulation, observed a foreshadowing between the events that transpire in “The Social Network” and the current dynamic in crypto, saying: … Read more
Streaming giant Twitch may just be re-enabling crypto payments, months after phasing it out. A Canadian user of the hugely popular online streaming service is reporting that Bitcoin and Bitcoin Cash payments have been re-enabled on the platform. CCN.com outlined earlier this year how the Amazon subsidiary quietly ditched all crypto-related payments presumably due to … Read more
The Dow teetered on Tuesday as investors anticipated a deluge of market-shaking events slated for later in the week. President Trump, meanwhile, used an otherwise yawn-inducing day on Wall Street to congratulate himself for the stock market’s meteoric performance during the month of June. Dow Wobbles But Holds Near All-Time High All of Wall Street’s … Read more
Despite CEO Jamie Dimon’s history of anti-bitcoin rhetoric, JPMorgan plans to pilot-test its own JPM Coin cryptocurrency later this year. JPMorgan claims more of its clients in the United States, Europe, and Japan have been clamoring for its prototype cryptocurrency to accelerate securities trading such as bonds. JPMorgan Tests ‘Crypto’ Amid Bitcoin Bull Market Not … Read more
Dow Jones futures were paralyzed in early trading Tuesday as major warning signs flashed across the broader stock market. The market is in the bizarre position where all asset classes are firing on full power. The Dow and S&P 500 are at or near all-time highs. At the same time, defensive assets like gold, bonds, … Read more
Epic Games has taken a long, hard look at the current state of Gaming. the development firm behind Unreal Engine 4 and its predecessors it’s taking strides to make gaming a better, more profitable, and more sustainable industry. Facing major competitors Like Valve, Epic Games is pushing other companies to compete with a higher standard. … Read more
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. Earnings Growth Going the Wrong Way Because Q2 earnings for … Read more
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,” Cuban has found a … Read more
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 a tax. … Read more
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 legroom, according to a tweet that … Read more