CryptoCoinsNews

Max Keiser Says ‘Stack Satoshis,’ Bitcoin to Beat All Asset Classes

3 hours 39 minutes ago

By CCN: Broadcaster Max Keiser is a noted bitcoin bull. The host of the Keiser Report on media channel RT is well-known for his $100,000 bitcoin price forecast, telling the world time and again to keep accumulating the digital currency because it is on its way to hitting six figures. Keiser doubled down on his $100,000 bitcoin price target earlier this month. Now he’s reiterating his ambitious outlook, suggesting in an interview with CNBC Crypto Trader that it’s only a matter of time for the bitcoin price to reach his target. “The timing is immaterial. It is still going to

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Harsh Chauhan

Elon Musk Dismisses Tesla Toilet Paper Scoop as ‘Complete Nonsense’

5 hours 9 minutes ago

By CCN: The big news of the day is that Elon Musk can afford toilet paper. The South African billionaire is aggressively cutting costs as Tesla’s stock continues to reel. Based on reports, it appeared that the Tesla CEO’s austerity measures didn’t spare the company’s washrooms. Tesla's new cost cutting-effort is going all the way down to toilet paper https://t.co/omfe88U5gu by @fredericlambert pic.twitter.com/F9QRuk18DT — Electrek.Co (@ElectrekCo) May 24, 2019 But Elon Musk dismissed Electrek’s claims, saying they were “complete nonsense.” This is complete nonsense — Elon Musk (@elonmusk) May 25, 2019 Rumor or Truth? Elon Musk has a net worth

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Harsh Chauhan

Kanye West Defends ‘Enemy of America’ Trump Fans to David Letterman

6 hours 9 minutes ago

By CCN: Trying to recapture his former “Late Show” fame, David Letterman now serves as the interviewer and host of a Netflix program entitled “My Next Guest Needs No Introduction,” currently in its second season. Marking off the first interview of that season is controversial and outspoken musician Kanye West, who is widely known for his support of President Donald Trump. In an industry largely dominated by left-wing politics, West has the guts to examine America’s current political spectrum with an open mind and say what he truly feels. West asks Letterman if he’d ever been “beat up” in high school for

The post Kanye West Defends ‘Enemy of America’ Trump Fans to David Letterman appeared first on CCN

Nick Marinoff

Tesla Perma-Bull Digs in Heels on Stock Price Prediction of at Least $560

7 hours 8 minutes ago

By CCN: Tesla’s stock is getting clobbered daily now that Wall Street has lost confidence in the ability of Elon Musk’s company to increase sales. But there’s one bull that’s swimming against the current, claiming that the market has got Tesla all wrong. Ark Invest’s Bold Tesla Stock Predictions Tesla bull Ark Invest reportedly holds a substantial stake in the electric vehicle maker. The firm remains upbeat about the company’s prospects despite recent concerns that demand for Tesla cars is falling off a cliff. Ark Invest analyst Tasha Keeney recently said in a CNBC interview that Wall Street is “misunderstanding

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Harsh Chauhan

Bitcoin Jesus Roger Ver Destroys Lightning Faithful Tone Vays in Debate

8 hours 39 minutes ago

By CCN: Let me start by saying I’m undecided on the issue of blockchain scaling. I think both camps make valid points. The day that Bitcoin Cash launched was the logical resolution of a drawn-out war which would never have ended otherwise. Tone Vays Can’t Make Up His Mind That being said, I watched this debate between Roger Ver, one of the earliest angel investors in bitcoin, and Tone Vays, a bitcoin personality, and I felt like I was watching a professor debate a teenager. Ver may be a hyperactive personality who occasionally alludes to Bitcoin Cash as being “a

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P. H. Madore

Crypto Bulls Wrestle Back Control of BNB after Binance’s $40 Million Hack

10 hours 8 minutes ago

By CCN: Binance, the leading cryptocurrency exchange in terms of volume, suffered a massive blow on May 7 when hackers ran away with 7,000 bitcoins. At the time, the total haul was valued at roughly $40 million. Binance CEO Changpeng “CZ” Zhao was quick to reassure their user base by stating that the exchange will cover the damages through the Secure Asset Fund for Users, or SAFU. Nevertheless, some Binance Coin (BNB) holders panic-sold under the assumption that CZ would dump BNB to pay for the damages. They were wrong. In this article, we show how Binance Coin remains unfazed by the

The post Crypto Bulls Wrestle Back Control of BNB after Binance’s $40 Million Hack appeared first on CCN

Kiril Nikolaev

Elon Musk’s Insane Payday: 40,668 Times the Median Tesla Salary

11 hours 38 minutes ago

By CCN: Tesla CEO Elon Musk is bringing home the bacon. So much bacon that his peers will have to settle for the scraps. According to the latest New York Times compensation report, Musk was the highest paid chief executive of 2018. And it wasn’t even close. The polarizing entrepreneur pulled in a whopping $2.3 billion last year, overshadowing the next 65 contestants combined. Elon Musk Secured a Cozy 4.6 Million Percent Raise in 2018 Chief executives on the list received a median pay increase of 16.4% in 2018, up from around 9% in 2016. The CEO pay ratio has

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Ryan Smith

‘Bitcoin Will Disappear,’ Craig Wright Rants in Blistering ‘Satoshi’ Manifesto

12 hours 53 minutes ago

By CCN: Australian entrepreneur Craig Wright published a blistering manifesto that argues bitcoin (BTC) will eventually disappear because it’s being used to facilitate criminal activity. And that perverts his original vision for the cryptocurrency. For reference, Wright has repeatedly claimed that he is Satoshi Nakamoto, the mysterious creator of bitcoin. He has yet to offer definitive proof. Civil War Erupts Between Warring Crypto Factions Wright is a proponent of Bitcoin SV (Satoshi’s Vision), which he insists is the “true bitcoin.” Wright and his ally Calvin Ayre claim BSV will supplant all other fake pretenders to the bitcoin throne and will

The post ‘Bitcoin Will Disappear,’ Craig Wright Rants in Blistering ‘Satoshi’ Manifesto appeared first on CCN

Samantha Chang

Dow Teeters on Knife’s Edge as Trump’s Trade Crusade Hits Japan

14 hours 7 minutes ago

By CCN: President Donald Trump flew to Tokyo today for high-stakes trade talks with Japan as stock market sentiment teeters on the brink of collapse. The maverick president’s erratic approach to international trade has taken a significant bite out of the Dow Jones (DJIA) over the last few weeks. Bulls will be desperate to see Trump’s bromance with Japanese PM Shinzo Abe survive the weekend, lest the US find itself plunged into another brutal trade conflict. Dow Risks Severe Backlash if US-Japan Trade Talks Sour After arriving in Tokyo, President @realDonaldTrump spoke with Japanese business leaders at the U. S.

The post Dow Teeters on Knife’s Edge as Trump’s Trade Crusade Hits Japan appeared first on CCN

Francois Aure

Bitcoin Is Plagued by an Insidious Flaw – But It’s Not What You Think

14 hours 53 minutes ago

By CCN: Bitcoin has a crippling governance problem, but it’s not what you think it is. Technical solutions deftly manage consensus on the world’s most popular cryptocurrency network. But how will we deal with wealth inequality – and the power imbalance that inevitably accompanies it? To put it bluntly: Wealth inequality will not magically disappear in the new Bitcoin economy. Technology Made Wealth Inequality Worse – Look at Jeff Bezos A National Bureau of Economic Research report reveals that wealth is more concentrated in the US today than at any point in the last 100 years. Jeff Bezos, for example,

The post Bitcoin Is Plagued by an Insidious Flaw – But It’s Not What You Think appeared first on CCN

Ryan Smith

Bitcoin Expert Jeff Garzik Exposes Crypto’s ‘Economic Paradox’

16 hours 3 minutes ago

By CCN: Early Bitcoin developer Jeff Garzik revealed what he believes is the most daunting challenge the flagship cryptocurrency faces today. He also chimed in on the “economic paradox” that threatens to stifle Bitcoin development. Bitcoin’s Biggest Hurdle? Scaling. Scaling. Scaling. Speaking in an exclusive interview with CCN, Jeff Garzik, who was one of Satoshi Nakamoto’s earliest collaborators and also founded crypto startup Bloq, admits his highly “predictable” answer when it comes to the biggest challenge facing Bitcoin would be “scaling.”  But, there’s a deeper problem than that, Garzik warns. “The pace of innovation of the core of Bitcoin is

The post Bitcoin Expert Jeff Garzik Exposes Crypto’s ‘Economic Paradox’ appeared first on CCN

Justin OConnell

A Stock Market Crash is Inevitable – Here Are 3 Nightmare Scenarios

17 hours 38 minutes ago

By CCN: The US stock market teeters at its third-most expensive valuation in history, just a hair shy of ballooning past Black Tuesday and the 1929 stock market. That’s based on the Shiller P/E ratio, which is derived from average inflation-adjusted earnings from the previous ten years. Given the lofty heights of the stock market, it would take a 50 percent stock market crash to revert valuations to the mean. In other words, it’s time to be on the lookout for what might trigger this inevitable downturn. These are the three most likely culprits to cause a stock market crash. 1.

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Lawrence Meyers

‘GlobalCoin’: Not Everyone Thinks Facebook’s Crypto Project is a S***coin

20 hours 57 minutes ago

By CCN: Zcash developer Zooko Wilcox, who has previously opined that cryptocurrencies can be used to evade taxes, posted an “unpopular opinion” to Twitter today: Facebook’s crypto project is “awesome.” Facebook Coin: “Awesome”? Unpopular opinion: I think the fact that Facebook is working on a crypocurrency is awesome. — zooko (@zooko) May 24, 2019 Facebook’s cryptocurrency project is a long way from the days of pseudonymous bitcoin or opaque Monero. Tied to the verified user accounts of more than a billion people, transactions made via Facebook will be easier to audit than anything previously seen. The company’s penchant for occasionally

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P. H. Madore

Robinhood Attracts $200 Million as Valuation Swells to $7 Billion: Report

1 day 3 hours ago

By CCN: Who says millennials don’t like to save and invest their money? By building a commission-free stock brokerage and trading app with a slick interface, Robinhood has built a $7 billion business in just six years. That’s the company’s valuation as it nears a $200 million funding round from its current financial backers, Bloomberg reports. The investment round is still unfolding and once complete could reportedly result in Robinhood fetching a valuation as high as $10 billion. Robinhood closed its most recent funding round last year at which time a $5.6 billion valuation was attached. The stock trading app

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Wes Messamore

It’s Water Under the Bridge as Zuckerberg & Winklevii Talk Crypto: Report

1 day 5 hours ago

By CCN: Mark Zuckerberg has been collaborating with his old rivals, the Winklevoss twins, to launch a digital currency that can be used across Facebook, WhatsApp, Instagram and beyond, according to a report in the Financial Times. Facebook’s cryptocurrency, reportedly dubbed GlobalCoin, is expected to make its debut next year. The FT reports that Facebook is talking to crypto exchanges including Gemini, which was founded by Tyler and Cameron Winklevoss, in addition to Coinbase. The concept is that users of Facebook’s payment crypto would have the option to potentially hold their coins on a trading platform or convert it for

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Wes Messamore

JPMorgan Forecasts Dismal 1% GDP Growth, Signals Possible Rate Cut

1 day 7 hours ago

By CCN: The other shoe could be about to drop in the economy. JPMorgan economists in a report predict the second quarter will witness slowed economic growth. They’re expecting U.S. GDP to expand by a measly 1%, lower than their original predictions of 2.25%. During Q1, the economy expanded at a rate of 3.2%. The economists also analyze the Federal Reserve, marking an equal chance for interest rate hikes as there is for cuts. Originally, JPMorgan economists believed a rate hike would be the next move. Trump has been pushing for an interest rate cut. He recently tweeted: China is

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Nick Marinoff

3rd-Biggest Thai Bank Teases Tantalizing News for Ripple (XRP) Bulls

1 day 7 hours ago

By CCN: Siam Commercial Bank, Thailand’s third-largest financial institution, quietly teased some tantalizing news that should kick the Ripple (XRP) rumor mill into high gear. SCB Thailand Taps Ripple for Blockchain Payments Already, SCB Thailand launched a blockchain platform that uses the Ripple company’s xCurrent system to facilitate cheaper cross-border money transfers. Now, the Thai financial institution also hinted that there would be a further announcement about SCB using XRP directly via the xRapid payment system. We will be using Blockchain Technology for ripple but as for XRP, you may have to wait for further announcement. — SCB Thailand (@scb_thailand) May

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Benjamin Vitáris

SpaceX Attracts $1 Billion to Its Coffers amid Flawless Satellite Launches

1 day 9 hours ago

By CCN: Tesla might be in trouble, but Elon Musk’s SpaceX venture is defying all odds. A CNBC report states that the company has managed to raise more than $1 billion in additional funding year-to-date. The development coincides with 60 satellites SpaceX launched on May 23, which are designed to bring more affordable internet to users everywhere. In all, SpaceX plans to launch a total of roughly 12,000 satellites into the final frontier. Starlink will connect the globe with reliable and affordable high-speed broadband services pic.twitter.com/dWVvPwVWU4 — SpaceX (@SpaceX) May 24, 2019 SpaceX Stimulates Imagination The satellites – which weigh

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Nick Marinoff

‘Bitcoin Bernie’: Mike Novogratz Calls for Radical Weath Redistribution

1 day 9 hours ago

By CCN: These days, billionaire hedge fund titan Mike Novogratz is known more for his rabid Bitcoin pumping than his Wall Street wizardry. However, in a new CNBC interview, he channeled his inner Bernie Sanders to champion another of his passions: wealth redistribution. Novogratz, Bernie, & AOC Find Surprising Common Ground During an appearance on Squawk Box today, Novogratz commented on America’s income equality gap and declared that we need a “redistribution of wealth.” The Galaxy Digital chief believes that one way to do that is to levy taxes on Wall Street. He echoes sentiments not commonly heard these days

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P. H. Madore

Avoid These 3 High-Risk Cannabis Stocks Like the Plague

1 day 9 hours ago

By CCN: Cannabis stocks are all the rage following last year’s explosion in the sector. With legalization gaining steam in both the U.S. and Canada, investors are piling into these companies as if they are going to be the next great money-making scheme. The problem is most of these stocks aren’t worth real green. They are only worth what the market says they are worth, and that value is going to decline for almost all of them. Only a few may be worth looking at. These three cannabis stocks, in particular, are sucker’s bets. Intec Pharma: Cannabis Drug Delivery Fails Intec

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Lawrence Meyers
Checked
1 hour 9 minutes ago
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