Crypto News 

Bitcoin Price Hasn’t Bottomed Yet, According…

“Despite the substantial price increase, Arthur Hayes, CEO of cryptocurrency exchange BitMEX, holds that we have yet to see a serious decline” reports livebitcoinnews.com. According to Arthur Hayes, however, we haven’t seen the worst Bitcoin price yet.Speaking to CNBC’s Fast Money Thursday, July 19th, he noted: Hinting that Bitcoin hasn’t bottomed yet, Hayes also said that the first and foremost cryptocurrency could increase in price before falling again.Bitcoin (BTC) recently gained over $700 in less than 45 minutes, marking an increase of upwards of 10 percent.Silbert said at the Delivering…

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Crypto News 

Coinbase Now Has Its Own Political Action Committee

“In Citizens United, provisions that prohibited corporate or union political expenditure in political campaigns were overturned, making it legal for such entities to spend money from their general treasuries to finance political campaigns” reports cointelegraph.com. San Francisco-based cryptocurrency exchange and wallet provider Coinbase has created its own political action committee (PAC), according to documents made public today, July 20. Source: cointelegraph.com Share This:

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Crypto News 

Police to be get Bitcoin training amid money-laundering worries 

“Police officers will be trained in cryptocurrencies to boost the battle against money laundering” writes Lucy Burton for telegraph.co.uk. Sources said the City of London Police is piloting a course for fraud investigators to be rolled out as soon as this autumn, amid warnings that billions of pounds of dirty money are washing through Bitcoin and other cryptocurrencies. The move follows calls from police officers for help in getting to grips with the technology, and it comes ­after it was announced that a state-of-the-art “cyber court” will open in London’s…

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Crypto News Reviews 

Bitcoin News Digest Saturday, July 21, 2018

Bitcoin And Stellar Get A Big Boost From IBM’s ‘Stable Coin’ IBM and Stronghold to make a blockchain-based “stable coin”   Crypto Millionaires from China Are Buying Real Estate Abroad Using Bitcoin (BTC) The early adopters of Bitcoin (BTC), and numerous other cryptocurrencies, have seen their holdings increase in value over the years to astronomical le   Criminal’s Bitcoin seized in police first Following Seregis Teresko’s kidnapping police found Bitcoin worth more than £1.2m at his home.   Are Bitcoin investors fools? Howard Marks, co-founder and co-chairman of Los Angeles-based…

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News Oil 

A judge threw out another climate suit against Big Oil. But the real battles lie ahead.

“This would challenge Keenan’s ruling, which said that greenhouse gases affect every inch of the globe, so federal politicians must deal climate change damages” writes Mark Kaufman for mashable.com. Federal judges, in fact, might decide that climate change is even better suited to state courts.The second is if climate damages fall under the purview of federal laws that already exist, like the decades-old Clean Air Act. Source: mashable.com Share This:

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News Oil 

Germany asks India to resist U.S. pressure, continue buying oil from Iran

“In a direct rebuke to the United States, Germany has urged India not to buckle under the U.S. pressure and continue buying oil from Iran” reports tehrantimes.com. Among Iran’s three biggest buyers of oil who account for about half of Iran’s oil exports  – China, India, and Turkey – India seemed to have come under the U.S. pressure.Narendra Taneja, a leading energy expert, said Indian companies should continue to import oil from Iran. “Buying oil is a commercial activity and Indian oil importers should continue to import from Iran if…

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News Stocks 

Stocks end slightly lower as traders shrug off trade talk

“That helped banks because bond yields are used to set interest rates on many kinds of loans including mortgages” writes Marley Jay for seattletimes.com. Stocks wobbled all week as investors reacted to solid company results as well as heightened trade tensions.NEW YORK (AP) — U.S. stocks inched lower Friday as bond yields jumped, a shift that helped banks but hurt companies that pay big dividends.Companies including Microsoft and Honeywell rose as investors were pleased with their quarterly reports, but General Electric stumbled.Investors have worried that the trade war and other…

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Markets News 

Margaret Thatcher backed single market in draft Bruges speech

“Margaret Thatcher was not a proto-Brexiter but an enthusiastic supporter of the single market, according to draft versions of her celebrated 1988 Bruges speech” writes Owen Bowcott for theguardian.com. In her hand-drafted New Year message at the end of 1988, Thatcher reflected on the country’s achievements, including “progress towards the single market in Europe within the framework of the future which was set out in the speech at Bruges”.But papers made available on Saturday by the Margaret Thatcher Foundation 30 years after its delivery demonstrate that she was looking forward…

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News Stocks 

Lumentum paces optical stocks downward on tariff concerns

“Lumentum shares were off 11.3% over the past 12 months before Friday’s session, while the S&P 500 SPX, -0.09% has gained 13%” writes Emily Bary for marketwatch.com. Raymond James analyst Simon Leopold wrote Friday that Win Semiconductors Corp.’s 3105, +0.00% disappointing outlook also pressured Lumentum shares.Oclaro generates more than 10% of revenue from China’s ZTE 0763, -3.68% Needham analyst Alex Henderson has written in the past. Source: marketwatch.com Share This:

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