By CCN: The petro token, one of the last financial schemes crafted by Venezuelan President Nicolás Maduro, will likely fall by the wayside like his regime if the uprising against him is successful. This is the corrupt, illegitimate Maduro Regime. pic.twitter.com/79sFbYrzOp — The White House (@WhiteHouse) April 30, 2019 In a move that caught many
Month: April 2019
By CCN: If you think the Dow Jones Industrial Average has had a good run, you haven’t seen anything yet. President Trump wants to see interest rates slashed by 1%, which has the potential to unleash further gains in an already historic bull market for stocks. On a day when progress surrounding U.S. and China
Most analysts and investors viewed the recent reaction of Bitcoin price to the Bitfinex/Tether controversy as an indication of improving fundamental strength. According to one analyst, it may be too early to celebrate yet as Bitcoin price is likely to drop into the $4,000 region before gaining any significant support that will allow it to
The U.S. Department of Justice announced Tuesday that it has hit two individuals with bank fraud charges in connection to a system for depositing funds to cryptocurrency exchanges. In a statement, U.S. Attorney’s Office for the Southern District of New York alleged that Reginald Fowler of Arizona and Ravid Yosef, said to live in Tel Aviv,
By CCN: Hackers infiltrated Microsoft Outlook email users’ accounts in order to steal crypto, including bitcoin. The scope of the cyber-theft is still as-yet undetermined, but it appears to be more expansive than first thought. One victim is Dutch engineer Jevon Ritmeester, who says a hacker gained access to Microsoft customer support workers’ login credentials.
The USDT stablecoin is only about 74 percent backed by fiat equivalents as of April 30, says its issuer’s general counsel. Stuart Hoegner, who is general counsel to both Tether and Bitfinex, the controversial companies at the heart of cover-up allegations by the New York Attorney General, wrote in an affidavit Tuesday that the company
Hackers who breached Microsoft Outlook have reportedly used the email service to steal cryptocurrency users’ funds. Motherboard reported Tuesday that hackers had managed to gain access to Microsoft customer support employee’s accounts in recent weeks, after which they were able to access non-corporate email accounts, including in Hotmail and MSN. Microsoft confirmed the breach to TechCrunch.
Taiwanese consumer electronics firm HTC is doubling down on its mission to offer blockchain features to its cellphone customers. HTC decentralized chief officer Phil Chen said at a recent event in Taipei that the company is preparing to release a second generation of its blockchain phone, the EXODUS, by the year’s end, Taiwan News reported
Elon Musk is getting deeper and deeper down the cryptocurrency habit hole. After yesterday’s mysterious tweet which read simply “Ethereum,” the Tesla chief then asked Ethereum founder Vitalik Buterin for suggestions on what to develop on the blockchain platform. What should be developed on Ethereum? — Elon Musk (@elonmusk) April 30, 2019 Buterin responded with
Japanese startup Nayuta is releasing an in-progress lightning implementation with a compelling new focus: the internet of things (IoT). As revealed exclusively to CoinDesk, Nayuta is publishing the first lightning implementation geared specifically toward IoT, or networks of connected devices that feed data to one another. The idea behind Nayuta’s release is that it connects
Tradewind, a blockchain-powered marketplace for precious metals, has hired a senior executive from JPMorgan to be the startup’s first-ever CEO. Michael Albanese, most recently the global head of collateral management at the New York-based megabank, has over 20 years of experience at major financial institutions and will be helping the startup expand its product offering
By CCN.com: Pakistan’s military spokesman has warned India that any threat will be met with the full force of its nuclear arsenal. In a press conference on Monday, Major General Asif Ghafoor hit back against Indian prime minister Narendra Modi who recently threatened Pakistan with the “mother of all nuclear bombs”: “In your [Indian] rhetoric,
Aragon (ANT) token holders have voted to restrict the project’s development funds from being used to support work on the blockchain interoperability platform Polkadot. Aragon is an ethereum-based project that builds tools and applications for decentralized organizations. It raised over $25 million in an initial coin offering back in 2017. At present, the non-profit organization
By CCN.com: Times Square visitors were treated to an embarrassing shellacking of Elon Musk and his Tesla clown car on Monday. Three advertisements appeared in the popular area of New York City demanding that Tesla provide Shenma, a high-end Chinese ride-hailing firm, with compensation. Shenma is unhappy that more than 20% of the 278 Tesla
Daniel Cawrey is chief executive officer of Pactum Capital, a quantitative cryptocurrency investment firm and hedge fund. Sina Nader was a professional money manager at Morgan Stanley as well as Credit Suisse and is now head of investor relations at Pactum. The views expressed are those of the authors and are not investment advice. “History
By CCN: Elon Musk might have the SEC breathing down his neck about Tesla, but he’s having some fun with crypto Twitter. In a one-word tweet, he single-handily drew in the entire crypto community to his thread. The Tesla CEO simply said “Ethereum.” After he let the cat out of the bag, the ETH price
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By CCN: Rod Rosenstein is the latest high ranking official to depart the White House. The man who oversaw the widely publicized Mueller Report is heading for the hills for fear of a grilling from both Democrats and Republicans. One of Trump’s favorite punching bags, the Deputy Attorney General’s letter of resignation is a strange
By CCN: Jaguar Land Rover produced over 600,000 vehicles last year. For a luxury brand, this is a substantial output. Tesla, by comparison, produced under 250,000. The news broke sometime yesterday afternoon that JLR is utilizing the IOTA tangle (blockchain) for their new cryptocurrency program. They’re going to have on-the-go payments (such as tolls, similar
By CCN: Uber is priming investors for its much-vaunted IPO, but there’s a severe problem. Namely, this problem is that Lyft IPO was a complete disaster and Uber is tarred with the same ride-share brush. To avoid the stigma, the Uber team is seeking an alternative comparison, with the wildly successful Amazon. In honor of
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