The cryptocurrencies have also been boosted by interest from institutional investors. Goldman Sachs and Citigroup have said they are researching cryptocurrencies and the blockchain technology that underlies them and may add them to their portfolio.
“You think that’s a bubble? What do you think that fiat currency you carry around in your purse is?” Byrne told Maria Bartiromo. “This dollar stuff, it’s just some fiat currency based on … the surplus taxing authority of the U.S. Treasury of which I assert there is zero … It’s about time the world switches to real money. Either gold or bitcoin.”
Bitcoin’s relentless and volatile rally shows no sign of abating, with the world’s largest cryptocurrency defying growing bubble fears to hit yet another milestone.
The Swiss subsidiary of US bank JPMorgan Chase has been sanctioned by Switzerland’s financial regulator FINMA for money laundering and “seriously violating supervision laws,” according to the local weekly Handelszeitung.
With the collapse of the economy and now default, Venezuelans are running out of options. Bitcoin – just like gold – will come as a saving grace to many people. It has kept food on the tables of families, helped Venezuelans escape the distraught nation, and acted as a voice of rebellion against the oppressive government.
Industrial conglomerate Siemens has announced plans to cut about 6,900 jobs worldwide at its power, gas and drives divisions, half of them in Germany.
Following huge losses sustained last week, the value of bitcoin has surged, recovering over $2,000 since Sunday. The world’s most popular virtual currency has shown resilience despite continued skepticism over the bitcoin phenomenon.
First, a few fundamentals. Litecoin currently trades around $62, with a market cap above $3 billion. As such, it’s the 5th largest coin in the crypto world. There are 52 million Litecoins available on the market, with a max supply of 84 million. Bitcoin has a max supply of 21 million, exactly one fourth of Litecoin, which is no accident.
As the transition towards a blockchain based economy continues, the established financial powers are desperately trying to stay relevant. In an attempt to boost their credibility, analysts at Deutsche Bank are finally admitting that state-run fiat currencies are becoming obsolete. For years, blockchain entrepreneurs and other critics of central banking have been branded either conspiracy theorists or criminals. But recently, those controversial opinions about the inevitable changes coming to the world’s financial system are being echoed by mainstream pundits.
Amazon Go represents Amazon.com Inc.’s most ambitious effort yet to transform the brick-and-mortar shopping experience by eliminating the checkout line, saving customers time and furthering the company’s reputation for convenience. The push into groceries is a way for the company to get consumers to shop at Amazon more often. The e-commerce giant unveiled Amazon Go last December, saying it planned to open the store to the public early this year. However, the company encountered technical difficulties and postponed the launch to work out the bugs, The Wall Street Journal reported in March.
There are mounting concerns that the ‘Amazon effect’ is taking a toll on brick-and-mortar retailers, leaving them unable to survive against the competition from e-commerce.
Millennials are increasingly turning their back on stocks and buying bitcoin…
Target to close 12 stores permanently: Chain trying to accelerate transition to digital sales to compete with Amazon
The chain said the 12 stores will remain open through the holidays and will finally shut their doors on February 3.
The fact that Big Pharma has been a driving force behind marijuana prohibition is hard to ignore — especially when it comes to the number of opioid manufacturers that have spent thousands of dollars fighting against medical marijuana. The plague of opioid addiction has struck the United States hard, leaving countless numbers of overdoses, deaths and destroyed families in its wake. And yet, the people who pushed these highly addictive drugs onto the unsuspecting public are suddenly playing martyr, spending nearly a billion dollars to keep opioids on the market and fight cannabis legalization, under the alleged pretense of public safety. It just doesn’t add up, does it?
It’s official, Apple’s (AAPL) market cap is worth a staggering $900 billion as of mid-day Wednesday putting the tech-giant on the path to become the first corporation to hit the $1 trillion mark.
Bitcoin has surged since the CME (CME) announced that it would introduce a bitcoin futures contract, adding legitimacy to an investment vehicle that has some vocal opponents.
In yet another blow to the retail industry, Sears Holdings (NASDAQ: SHLD) announced that it will close 45 Kmart stores and 18 Sears stores in late January 2018, with liquidation sales beginning as soon as Nov. 9.
“Most banks in the current state of regulation have little or no appetite to get involved in a currency which has such anti-money laundering challenges,” Thiam said at a news conference in Zurich Thursday.
Are you living paycheck to paycheck? Is so, you are just like most other hard working Americans. As you will see below, 78 percent of full-time workers in the United States say that they are living paycheck to paycheck. That is the highest figure ever recorded, and it is yet more evidence that the middle class is under an increasing amount of stress. The cost of living is rising at a much faster pace than our paychecks are, and more families are falling out of the middle class with each passing month. Unfortunately, this is something that the mainstream media really doesn’t want to talk about these days. Instead, they just keep having us focus on the soaring financial markets which are being grossly artificially inflated by global central banks.
Samuel Adams brewing company recently unveiled the latest edition of its $200 “Utopia” beer – a brew so strong that it’s illegal in 12 states.