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3 Takeaways From Bitcoin's Bad Year
It was at an investor conference in New York back in September 2017, as Bitcoin was surging toward record highs and pulling other cryptocurrencies up along with it, that JPMorgan chief executive Jamie Dimon declared Bitcoin to be "a fraud," asserting that the world's largest cryptocurrency by market value was "worse than the tulip bulbs." Dimon was, of course, referencing
Why the Chinese Market is Attractive to Google
Google parent Alphabet Inc (NASDAQ: GOOGL)(NASDAQ: GOOGL)'s CEO Sundar Pichai vehemently denied any imminent plans to re-enter China in his testimony before the House Judiciary Committee this week. Veiled Ambitions The company did embark on a project codenamed "Dragonfly," which explored the possibility of launching a censored search engine in China, the Intercept revealed in August, citing internal Google documents and people
The Bitcoin Price Selloff Continues as Institutional Investors Balk
It’s been about a year since the bitcoin price peaked at around $19,500, and the cryptocurrency has shifted lower and lower ever since. Some are now going so far as to say that bitcoin is essentially worthless, but not everyone is ready to give up on it yet, despite the fact that it continues to slump further underneath key support
Clouds Starting to Disperse for Asia Fixed Income
If 2018 was a perfect storm for Asia fixed income, then 2019 could turn out to be a Goldilocks environment. Growth expectations diverged in 2018 as the U.S. enjoyed a boost from tax cuts, while macro headwinds and negative sentiment weighed heavily on Asian markets. For Asia fixed income, the intensification of the Sino-U.S. trade war and rising oil prices
Apple to Spend $1B on New Campus in Texas in Major Expansion of U.S. Operations
Apple announced on Thursday that it will be investing $1 billion to build a new campus in Austin, Texas as part of a major expansion of its operations in the United States. The company will also be opening new operations in Seattle, San Diego and Culver City, as well as expansions in Pittsburgh, New York and Boulder, Colorado over the
House Republicans' Report Says Massive Equifax Data Breach Was 'Entirely Preventable'
A new report from Republicans on the U.S. House Oversight and Government Reform Committee has concluded that last year's massive data breach of Equifax affecting about 148 million Americans - or nearly half the country's population - happened because the consumer credit reporting agency had "failed to fully appreciate and mitigate its cybersecurity risks." Richard Smith, the chairman and chief
What China's iPhone Ruling Means For Qualcomm and Apple
Qualcomm, Inc. (NASDAQ: QCOM)'s ongoing dispute with Apple Inc. (NASDAQ: AAPL) expanded Monday after a Chinese court sided with Qualcomm and banned the import of many iPhone models in the country. Here is a summary of how some of the Street's top analysts reacted to the report and the potential impact to Qualcomm's business. The Analysts Bank of America's Tal
Corporate Reporting on the SDGs: Mapping a Sustainable Future
EXECUTIVE SUMMARY Although companies have a high level of awareness of the SDGs, few are setting quantitative targets indicating that many are struggling to translate well-intentioned support into action. As investors we would value better articulation of how business strategies link to the SDGs, the identification of SDGs that have the potential for greatest impact, and the setting of quantitative
Is Modern AI Good Or Evil? [INFOGRAPHIC]
Modern AI is intelligent. It can check you out at the grocery store, it can drive you to work, and even cook you dinner when you get home. In theory, AI is the perfect tool to eliminate human biases and failings, but as the saying goes: you get what you give. The trajectory of AI and automation is completely up
Coinone Transfer Rolls out South Korea’s First Blockchain-Based Payments App
Coinone Transfer, the payments arm of South Korean crypto exchange Coinone, has officially launched Cross, a blockchain-based remittance app and web service, Yahoo Finance reports. The blockchain-fueled payments app is the nation’s first, and it uses RippleNet to transfer funds to Thailand and the Philippines through Siam Commercial Bank and Cebuana Lhuillier, respectively. It has plans for an “aggressive” expansion