The U.S. Securities and Exchange Commission has halted an Initial Coin Offering (ICO) launched by AriseBank, a 'decentralized' bank, which had purported to offer trading in over 700 crypto- currencies - including Bitcoin and Ethereum - and had raised around $600m towards a $1bn funding goal. more...
Where December saw major gains for the global cryptocurrency market, January has seen a series of corrections that have brought it back closer to pre-December numbers—tempering some of the community's wild excitement and runaway speculation. But the past few days have shown Ethereum making a comeback. According to CoinMarketCap, the price of ETH was $998.03 at 2:04am PST Friday, Jan. 26. By 12:15pm on Sunday, Jan. 28, that price is now ...
Legendary investor George Soros joined a chorus of well-known investors calling bitcoin a bubble this week, making his remarks in a speech at the World Economic Forum in Davos, Switzerland Thursday. "Cryptocurrency is a misnomer and is a typical bubble, which is always based on some kind of misunderstanding," the financier and founder of the $26 billion Soros Fund Management said. "Bitcoin is not a currency because a currency ...
Greenlight Capital Re’s David Einhorn lamented a bum year in his shareholder letter for 2017 with an investing loss of 1.6% net of fees. He also announced the new lineup of stocks he selected during the fourth quarter: Twitter, Ensco and Time Warner. First, Einhorn surprised investors by taking a long position in Twitter. As he acknowledged in the letter, he has been betting that certain stocks in the tech space will fail. These stocks, ...
Over the past few years, McDonald’s has been working aggressively on several initiatives to add healthier products and suit changing customer preferences. These changes have started showing results, with positive comparable sales leading to growth in profits. more...
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