Uber is suing New York, seeking to overturn the city’s year-long cap on new licenses for ride-hailing vehicles. The company said it’s suing the city because it’s worried that the temporary restriction could become a permanent draconian measure. 12-Month Cap Was Imposed To Curb Congestion In its February 15 lawsuit filed in New York Supreme […]
Category: Cryptocurrency News
Bear Market? Grayscale Bitcoin Trust Averaged $2 Million Invested Per Week in Q4 2018
Grayscale, the creator of GBTC, had an average of $2 million invested every week during the 4th quarter of 2018. About 66% of all investments came from institutions, while 88% of all Grayscale digital investments were in Bitcoin. Just 12% of investments were directed at other digital assets, leading Grayscale to declare the “return of […]
Pepsi Thrives While Coke Fizzles in Worst Trading Day Since 2008
The legendary Coca-Cola Company has fallen on some hard times, and its officials aren’t seeing better days ahead. Most understand its woes stem from consumers giving up their sugary soft drink addictions, but Coca-Cola is blaming something else that its main competitor, PepsiCo doesn’t see as that much of a problem. Coca-Cola significantly lowered its […]
Even Bitcoin-Bashing ‘Dr. Doom’ Roubini isn’t Buying JP Morgan’s Ridiculous Cryptocurrency
“S**t f**k, I agree with Nouriel,” said one cryptocurrency enthusiast in reference to NYU economist and vocal bitcoin bear Nouriel Roubini. Agreeing with Nouriel Roubini for a cryptocurrency lover was an unbelievable thing. The global economist called bitcoin “a mother of all scams and bubbles” before the US senators. He wrote elaborative anti-cryptocurrency reviews for mainstream […]
Analyst Warns S&P 500 Could Struggle to Go Higher After Recovery
Todd Gordon, a long-time stock analyst and the founder of TradingAnalysis.com, is “nervous” about the current state of the S&P 500. The index crashed just before Christmas to below 2350, but has affected a steady recovery in the meantime. By press time it had gained 2% on its numbers 3 months ago. Gordon tells CNBC […]
Breaking: Major Crypto Brokerage Coinmama Hacked, 450,000 Users Affected in Massive Worldwide Breach
Coinmama, one of the largest crypto brokerages in the global market with 1.3 million active users, suffered a security breach on February 15. The official statement of the exchange disclosed that 450,000 email addresses and passwords were leaked in a massive global hacking attack involving 24 websites and some 747 million records. The Coinmama team […]
US Regulators File Charges Against Apple Insider Trading Lawyer, for Insider Trading
The job of a top lawyer at Apple Inc. was to ensure that no employees violate the company’s insider-trading policies. It turned out that he was the one who was trading Apple Shares illegally, according to US regulators. The US Securities and Exchange Commission (SEC) filed a lawsuit against Gene Daniel Levoff, who served as […]
Crypto Nightmare: This Brazilian Investor Just Accidentally Bought Bitcoin at $20,000
Every crypto investor’s worst nightmare came true for one Brazilian trader, who accidentally bought bitcoin at a massive premium. At one point, he bought 0.0047 BTC for 340 Brazilian reals, worth about $91. At press time, said amount of bitcoin is worth less than $15 on other exchanges, meaning at the rate he paid for […]
Bitcoin Price: All’s [Too] Quiet on the Crypto Front
This level of calm can make anyone nervous. Bitcoin spent the day within a close range, not losing much anywhere. Binance Coin is now over $9, further solidifying its position as a top 10 crypto. NEO gained 2%, pushing it over $8 on the global charts. Litecoin and Ethereum are maintaining their ranges. The expected […]
Dow Surges 443 Points: Here’s What Xi Jinping Said That Lit the US Stock Market on Fire
On February 15, the Dow Jones surged by 1.74 percent, adding 443.86 points. Within less than 1 month, the Dow Jones has recovered from 24,065 points to 25,883 points, by a staggering 7.6 percent. Analysts were uncertain how the Dow Jones would react to the reported plans of the Trump administration to delay the U.S.-Chian […]
