Did Pre-IPO Uber ‘Lose’ $1.8 Billion in 2018, Or Aggressively Invest In Its 85%...

Uber posted $1.8 billion in losses for 2018, an improvement over its 2017 bottom line, a loss of $2.2 billion. At The Drive Stephen Edelstein says, “That’s bad news for Uber as the...

$1.3 Million Bitcoin Scam Swindles Victims in Thailand. Are Tougher Crypto Regulations Necessary?

A virtual bitcoin mining farm in Thailand has allegedly scammed users out of 42 million baht (approximately $1.35 million), according to a report in the Bangkok Post. 30 victims have filed a complaint against...

Crypto Market Cap Still Smaller Than Samsung, What’s Preventing Institutions?

Hwang Hyeon-cheol, a former Citi and Allianz executive who worked on Wall Street for over two decades, has said that the valuation of the crypto market is still smaller than Samsung, the largest...

Germany Explores Blockchain Strategy as Bitcoin Wars Heat Up

Germany ― Europe’s largest economy ― may be hopping on the bitcoin bandwagon as it explores how to deploy blockchain across various industries. The German government has launched a consultation process in a bid...

Elon Musk Confirms Exit From Openai Over Disagreements to Focus on Tesla, Spacex

Billionaire Elon Musk confirmed that he exited OpenAI, an artificial intelligence research group, on “good terms” amid disagreements with team members over the project’s direction.Musk also cited a desire to focus on “solving a painfully...

Put Your Money On Crypto for the Long-Term, Says Major Wealth Manager for Pensions

It’s time institutional whales put their money into cryptocurrency according to major investment management firm Cambridge Associates.IT’S TIME TO ‘BEGIN EXPLORING’ SAYS CAMBRIDGE ASSOCIATESThe Boston-based consultancy only advises major institutions who manage more...

Billionaire Who Predicted Trump’s Rise Says Ex Starbucks CEO Doesn’t Have the Beans for...

CEO of DoubleLine Capital Jeffrey Gundlach says the recently announced presidential run by former Starbucks CEO Howard Schultz will probably be short-lived.Gundlach, who was ahead of the pack in anticipating a Trump presidential...

Will this Antagonize the US?

Following the precedent set by some European countries such as Austria, France, Italy, Spain and the United Kingdom, New Zealand has indicated it will introduce a digital services tax. This is expected to...

Crypto Hardware Wallet D’CENT Announces Wallet & Development Updates for iOS

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned...

Hong Kong is Another Loser in the US-China Trade War

Eric Lam reports for Bloomberg:“The trade war between the U.S. and China and slowing retail sales dragged Hong Kong’s economic growth down at the end of last year, with exports showing almost ‘zero...
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