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UBS Economist: Cryptocurrencies Are 'Fatally Flawed'
It's often said that you should never kick people when they're down, but does that same general rule of decency apply to cryptocurrencies? Apparently it doesn't, at least if you're UBS Wealth Management's global chief economist Paul Donovan. Even when Bitcoin was soaring toward record highs a year ago this month, Donovan remained skeptical, telling CNBC at the time that
SEC Charges DJ Khaled, Floyd Mayweather Jr. With Illegally Promoting ICOs
The Securities and Exchange Commission charged music producer DJ Khaled (real name Khaled Khaled) and boxing champ Floyd Mayweather Jr. with failing to disclose payments they received for promoting investments in a series of initial coin offerings (ICOs). Mayweather agreed to pay $300,000 in disgorgement, a $300,000 penalty, and $14,775 in prejudgment interest. Khaled agreed to pay $50,000 in disgorgement,
What You Need to Know About Marriott's Starwood Data Breach
Hotel chain Marriott International Inc (NASDAQ: MAR) confirmed Friday it has been a victim of a data security breach involving its Starwood guest reservation database. What Happened Marriott said in a regulatory filing it first became aware of a potential data breach Sept. 8, when an internal security tool flagged an attempt to access the reservation database. After tasking external
This Holiday Season, Make It Silver and Gold
Photo: Maor X | Creative Commons Attribution-Share Alike 4.0 International This Sunday evening marks the beginning of Hanukkah. The Jewish festival of lights commemorates the reclamation of the Holy Temple in Jerusalem from the Syrian-Greeks in the second century BCE. According to accounts, after Judah and his forces liberated the temple, he found only one jar of oil, good for
A Tale of Two “Stablecoins”: How Tether and Dai Track USD
Blockchain
Bears have taken an iron grip on the cryptocurrency market, sending the bitcoin price plunging below $5,000 to its lowest price of the year so far. Despite the weakness in the crypto market, many early adopters remain convinced that blockchain technology is the future of payments. One of the results of this dogmatic view has been the development of so-called
Playing the Long Game With Cryptocurrencies
Let's get this out of the way right here at the beginning: As we enter the final month of 2018, there is no reason to be optimistic about the prospects of Bitcoin, at least if for some reason you're still holding out hope for a turnaround in 2018. If your confidence in Bitcoin was already shaken by its dreadful performance
Apple is Launching Coding Camps For Women-Owned Startups
Apple announced that it will be launching quarterly coding camps for women who own app-driven startups, offering them the opportunity to participate in a two-week intensive training program with Apple engineers, designers and others. Apple's Entrepreneur Camp will accept 20 app companies for each quarterly program, with 10 startups slated to participate in its pilot that will launch in January.
Security Firm Warns That AI Will Make Malware Much Harder to Detect
Security firm Malwarebytes Labs has released its annual list of predictions for the following year's cybersecurity issues, focusing - obviously - on malware. Here then are some of Malwarebytes' expectations for 2019: AI Will Make Malware Dangerously Nimble According to Malwarebytes, artificial intelligence that communicates with a computer that has been compromised "and monitors which and how certain malware is
Microsoft's Valuation Catches Up to Apple — How Did it Happen?
Microsoft Corporation (NASDAQ: MSFT) briefly passsed Apple Inc. (NASDAQ: AAPL) as the world’s most valuable company Monday. Apple has been on a staggering trajectory in the decade since the iPhone was released, and in the process made Microsoft look like a technology company of the past. A quick comparison of the companies' retail stores at a local mall usually shows
Preparing Portfolios for Resilience Against Inflation Surprises
Many investment portfolios that rely heavily on stock-bond diversification to manage risks may not be protected against inflation surprises. Real assets offer a solution. Inflation in the U.S. has accelerated from near zero in 2015 to 2.5% in 2018 (according to the Consumer Price Index or CPI), propelled by trade tensions, strong consumer spending, the tight labor market, and a