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Why an AWS Spin-Off Could Be Amazon's Best Strategic Move
Big U.S. tech companies are facing increasing regulatory scrutiny for their size and influence in the American economy. New York University marketing professor Scott Galloway said on Monday that spinning-off its Amazon Web Services cloud business could be the perfect solution for Amazon.com, Inc. (NASDAQ: AMZN). Creating A Cloud Pure-Play Galloway, who has a track record of predicting Amazon would
Finding a Path Forward For Blockchain
Innovation is never easy. There are almost always failures, mistakes and doubts that stand in the way of any attempt to change the world: Apollo 1 caught fire on the launchpad and killed its three astronauts before Apollo 11 took man to the moon; the Wright Brothers' first flight lasted just a hair under a minute and was met largely
24 Fun Bitcoin Facts And Figures (That Will Make Your Head Spin)
The following infographic is courtesy of ICOWatchlist.com. It's published here with permission. A new cryptocurrency was born on 31st of October 2008, its name was “Bitcoin” and it has been surrounded by mystery, conspiracy theories, and confusion (not to mention a couple of disasters) ever since. Here is an alternative to the usual Bitcoin nguides which covers 24 of the
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,
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.
Fred Wilson on Crypto Plunge: 'Things Will Get Worse Before They Get Better'
Fred Wilson is a man who knows the peaks and valleys of finance, having been an investor during the boom and bust of the dotcom era in the late '90s and early 2000s. Wilson, co-founder of the New York City-based Union Square Ventures, was also an early investor in Bitcoin. In a blog post published this week, Wilson drew parallels
Bitcoin Lost Nearly a Third of its Value in Seven Days
Bitcoin's dreadful year appears to be coming to a disastrous end: The world's largest cryptocurrency by market value dropped as much as 14 percent on Monday to $3,675 - and lost nearly a third of its value in the past seven days - as it's suffered one of the worst weekly selloffs in its history. Bitcoin has now plunged nearly
Nearing a Highly Anticipated IPO, Uber Reports Nearly $1B in Losses For Q3
Uber self-reported nearly $1 billion in losses for the third quarter - as well as slowing growth - which will no doubt be heavily scrutinized as the ride-hailing company prepares for its heavily anticipated initial public offering in 2019. Uber's losses increased 32 percent quarter over quarter to $939 million on a pro forma basis. However, the company was anticipating