Financial Industry News
Andrew Yang’s plan to regulate big tech will end up backfiring, and trample the Constitution in the process. As technology outpaces government’s understanding of it, policymakers are at a loss in trying to regulate it properly. Yang’s proposal to create more government, not to mention a new department, completely ignores the $22 trillion deficit hanging […]
Continue ReadingBitcoin (BTC) hasn’t been doing all too hot over the past five months. Since June, the leading cryptocurrency has cratered by almost 50%, collapsing from a year-to-date high of $14,000 to $8,500, where it sits today. BTC fell as low as $7,300 just three weeks ago. Related Reading: Crypto Tidbits: RBC May Embrace Bitcoin, China […]
Continue ReadingBoeing is readying the Dubai airshow, but it continues to face backlash for the two 737 Max jet disasters. Investors have been giving Boeing the benefit of the doubt, but regulators and the general public have not. Boeing will face fierce competition on Sunday at the 2019 Dubai Airshow, where it will attempt to save […]
Continue ReadingAnother week, another round of Crypto Tidbits. The past seven days were rather painful for Bitcoin (BTC), with the leading cryptocurrency tumbling by some 4% according to Coin360. Altcoins have posted similar losses. As of the time of writing this, BTC is trading for $8,500, seemingly poised to break down further as bulls fail to […]
Continue ReadingBitcoin’s recent bout of intense selling pressure has slowed as the crypto finds some support within the lower-$8,000 region, which appears to be holding strong as its price has been able to slowly inch higher in the time since BTC touched its near-term support level. Analysts are now noting that Bitcoin may currently be expressing […]
Continue ReadingNeil Bush, son of former US President George H. W. Bush, was paid $300,000 by Ruja Ignatova for attending a meeting related to her fraudulent cryptocurrency known as OneCoin, according to law360, citing a failed subpoena bid. Former Locke Lord Attorney Misled by Bush’s Connection with OneCoin Mark Scott, a former attorney at international firm […]
Continue ReadingUnited States Internal Revenue Service (IRS) Criminal Investigation Chief John Fort said that the regulator is looking into potential tax issues caused by Bitcoin (BTC) ATMs and kiosks. According to Bloomberg Law on Nov. 15, Fort said that the IRS is collaborating with law enforcement to investigate illicit uses of new technologies like cryptocurrencies, stating: […]
Continue ReadingAn executive at the Ethereum blockchain firm ConsenSys is launching a new blockchain-oriented investment firm, Aligned Capital. Sam Cassatt, the chief strategy officer (CSO) at ConsenSys, announced that the firm will be seeking to raise $50 million for its first fund in an announcement on Nov. 15. Cassatt, who has been at the firm for […]
Continue ReadingWhile the proof-of-authority consensus algorithm is turning into perhaps one of the most mature versions of blockchain technology. It is faster than other algorithms, more scalable, and does not depend on mining. Market leaders Walmart and GE Aviation are using PoA to track supply chains, and Microsoft has created a whole line of PoA-based enterprise […]
Continue ReadingBitcoin (BTC) price is still retracing from the massive rally two weeks ago, which leads the sentiment to turn bearish. Several signs indicate that the price needs to reverse quite soon, or the whole upwards move is deleted from the charts. Crypto market data. Source: Coin360 Bitcoin loses 200-Day MA and EMA for the second […]
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