Fund Manager: US Might Have Already Lost Crypto Innovation Race

Fund Manager: US Might Have Already Lost Crypto Innovation Race

As U.S. lawmakers wrestle with what to do with Facebook’s Libra, they are being forced to confront another digital currency that they’ve been trying to avoid like the plague – bitcoin. Unfortunately, the longer lawmakers wait, the more left behind the U.S. becomes as crypto innovation goes elsewhere. Even Facebook chose Switzerland for its Libra…

Bitcoin Could Shed 20% & Drop to $7,400 Because Bulls Look Exhausted

Bitcoin Could Shed 20% & Drop to $7,400 Because Bulls Look Exhausted

Bitcoin’s impressive parabolic run may have come to its conclusion. On July 11, we warned investors that the No. 1 cryptocurrency would falter to $9,000 as it flailed overheated signals. At the time, bitcoin was bouncing and market participants were expecting a new 2019 high as the market threatened to breach resistance of $12,000. However,…

Rebel Nintendo Scorns Sony and Microsoft With Updated Switch

Rebel Nintendo Scorns Sony and Microsoft With Updated Switch

After weeks of speculation, Nintendo announced today that it is releasing an updated model of its flagship Switch console. Nintendo shared the news on its Japanese language Twitter handle accompanied by a revamped product comparison page on its website.[任天堂HP]バッテリー持続時間が長くなったNintendo Switchの新モデルに関するお知らせを掲載しました。 https://t.co/ONuBgOIrd2— 任天堂株式会社 (@Nintendo) July 17, 2019To the dismay of Switch fans, the new model isn’t…

Netflix Stock Implodes, Subscriber Exodus Ignites 12% Plunge

Netflix Stock Implodes, Subscriber Exodus Ignites 12% Plunge

A confluence of negative factors slammed Netflix in the past quarter, resulting in subscriber numbers and other metrics exposing Netflix’s vulnerabilities – and leaving the streaming giant’s stock plunging in after-hours trading.Netflix stock plunged 12% in after-hours trading. | Source: Yahoo FinanceNetflix Subscribers Wave GoodbyeWhile earnings-per-share came in at $0.60, four cents above expectations, and…

Germany’s Finance Chief Joins Slew of Financial Leaders Scoffing at Libra

Germany’s Finance Chief Joins Slew of Financial Leaders Scoffing at Libra

Germany joined the chorus of countries offering stiff resistance to Libra, Facebook’s new digital coin. German Finance Minister, Olaf Scholz, expressed concerns about the coin’s consumer privacy issues and potential for disruption. Reuter’s released a report which quoted him saying,  “The issuance of a currency does not belong in the hands of a private company…

Elon Musk Slashes Prices, Signaling the Start of Tesla’s Death Spiral

Elon Musk Slashes Prices, Signaling the Start of Tesla’s Death Spiral

Elon Musk and Tesla just made another move regarding the company’s product line which tells a much bigger story than most people realize. It suggests Tesla’s days are numbered. Cost of Tesla full self-driving option increasing by ~$1000 on August 16 — Elon Musk (@elonmusk) July 16, 2019 Another Price Cut and Discontinued Models Tesla’s…