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Bitcoin Scam Generated $135,000 Daily From Thousands of Investors
MichaelWuensch / Pixabay South African investors are livid today, as reports surfaced yesterday regarding a Bitcoin scam that has defrauded thousands of people. The scam originated within a company called Bitcoin Wallet in Ladysmith, South Africa The firm allegedly claimed that it could produce profits of 100% for investors within 15 days. These promises of high returns turned out to
Economist: 'Bitcoin Is a Gambling Instrument for Chinese, Koreans and Japanese'
Economists seem to be really bagging on crypto lately. Speaking to the Korea Times, noted economist Andy Xie said that there’s basically no way that cryptocurrencies will be recognized as legal currency. "Bitcoin is primarily a gambling instrument for Chinese, Koreans and Japanese," Andy Xie, a vocal critic of the bitcoin craze, told The Korea Times. "Even though so many
NCR Acquires Online Banking Platform D3 Technology
FinTech
NCR Corporation NCR has acquired D3 Technology, Inc., a provider of online and mobile banking for the large financial institution market. Read more at Benzinga. Photo: uberof202 ff
The Trade War in the Context of Broader Themes
Rick Rieder and Russ Brownback argue that while most investors are focusing primarily on trade-related supply chain disruptions today, they need to continue to situate this turmoil in the more fundamental changes at play in technology and demographic trends. Myopia in life/death and in investing The leading causes of death in the United States, by an overwhelming margin, are heart
Attempts To Block Facebook’s Libra Cryptocurrency May Backfire
Consumer group: Congressional attempt to block Facebook‘s Libra cryptocurrency harms consumer choice and will backfire Simon / Pixabay Washington, D.C. – Days after Facebook announced its new Libra cryptocurrency project, federal lawmakers issued stark warnings to the social media platform, and have now requested the project be put on ice. [REITs] Q2 hedge fund letters, conference, scoops etc The lawmakers
Sumitomo Invests $90 Million in Insurtech Firm Singapore Life
Singapore Life has become quite popular with investors lately. According to The Business Times, Japan’s Sumitomo Life Insurance has invested $90 million in digital-focused insurer Singapore Life. The deal gives Sumitomo 25% of the company, while raising Singapore Life’s valuation to $358 million. Earlier this year, Scottish asset manager Aberdeen Standard Investments took a minority stake in Singapore Life for
Gemini Shippers Group Joins Blockchain In Transport Alliance
Blockchain
Gemini Shippers Group, a leading shippers association, has joined the Blockchain in Transport Alliance (BiTA), an organization dedicated to developing best practices and standards for blockchain in the transportation industry. BiTA's members include Descartes, Daimler, FedEx, SAP and Uber Freight among dozens of other global brands. Gemini will bring its deep expertise in ocean contracting, a carrier track-and-trace integration and
Weighing the Week Ahead: Chinese Fireworks?
The economic calendar is a big one, featuring the employment situation report on Friday. The rest of the data – ADP employment, auto sales, and the ISM surveys – will be released over 2 ½ days. The US Independence Day celebration on Thursday will provide one type of fireworks. And of course, we have Canada Day on Monday. The combination
Fintech Is Opening A New Way Of Extract Knowledge
ValueWalk’s Q&A session with Ruggero Gramatica, the CEO of Yewno. In this interview he discusses Yewno’s goal, focusing on Fintech, if Yewno is meant for institutional or retail investors, offering derivative data feeds to Yahoo Finance, and using the using the knowledge graph. Image source: Pixabay Can you tell us about your background? Over 20 years of experience in startups
How To Secure Your Crypto Funds
Even though this year hasn’t even reached its middle yet, it has already seen about 10 significant hacks trying to get hold of large sums of money people to hold in cryptocurrencies. After the largest incident in May involving the $40 million that Binance lost to a hack, today another crypto exchange, namely Bitrue based in Singapore, has faced a