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A bigger blast off? What one strategist sees taking bitcoin ‘into the stratosphere’

“The digital currency bitcoin hit its latest in a series of records on Friday, as it extended an all-time high that has taken it up more than 500% this year alone” writes Markets Reporter for marketwatch.com. He didn’t define what price would qualify as being outside Earth’s atmosphere; bitcoin BTCUSD, +0.90%  hit a record above $6,000 on Friday.But what would it take for bitcoin to really rise?. But certainly many bitcoin enthusiasts already see it building on its massive gains. Source: marketwatch.com Share This:

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Zhou Warns China Should Defend Against Threat of ‘Minsky Moment’

“He added that some debt measures may not tell the whole story because corporate debt can include obligations of local governments” writes Bloomberg News for bloomberg.com. Reports released Saturday showed broad money supply growth picked up in September after months of deceleration, defying government efforts to rein in debt growth and contain risk.Zhou cited a concept known as a “Minsky Moment,” a plunge in asset values following unsustainable gains or the exhaustion of credit growth, named for Hyman Minsky, an economist who argued that long bull markets can lead to…

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China’s central bank is warning about a sudden collapse in asset prices

“A Minsky Moment is a sudden collapse of asset prices after a long period of growth, sparked by debt or currency pressures” reports cnbc.com. Worries about a rapid build-up in China’s debt prompted S&P Global Ratings to cut China’s sovereign credit rating last month, following a cut by Moody’s in May.The 69-year-old Zhou, the country’s longest-serving central bank chief, has spearheaded financial reforms and boosted the yuan’s global profile.Still, China’s overall debt levels could decline as long as authorities keep a tight control on credit, he said.China will control risks…

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‘A huge risk of contagion’: Everything you need to know about ETFs — the hot investment area that some think will cause the next financial crisis

“In 2017, ETFs exist for virtually every imaginable asset class, with investment firms selling ETFs in everything from Bunds to Bitcoin” writes Will Martin for businessinsider.com. “In reality,” Deutsche Bank’s argument goes, “ETFs and ETPs have not yet been fully tested in a sustained bear market.Some believe that ETFs made that sell-off worse, while others believed ETFs helped provide liquidity to the market, preventing a worse correction. Source: businessinsider.com Share This:

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Digital Asset raises $40m Series B funding and appoints Two Sigma CTO Clyde Rodriguez

“The latest round brings the total funding raised by Digital Asset to over $110m as the company expands its global presence” writes Ian Allison for ibtimes.co.uk. Digital Asset, the distributed ledger technology company led by Blythe Masters, has raised over $40m (£30m) of Series B financing, and bolstered its executive team with Clyde Rodriguez, former co-CTO of Two Sigma Investments.”Clyde is a respected technology executive with a strong track record of leading engineering teams to develop mission-critical enterprise software that supports hundreds of millions of customers worldwide. Source: ibtimes.co.uk Share This:

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T-Mobile, Sprint aim to announce merger without asset divestitures

“T-Mobile and Sprint have not yet agreed to include such a cap in their merger agreement, though it is possible they will do so, one of the sources said” writes unknown author for cnbc.com. T-Mobile U.S. and Sprint plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter.However, regulators can only begin reviewing a corporate merger once it has been…

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T-Mobile and Sprint plan to announce merger without asset divestitures

“It is still possible that the negotiations between T-Mobile and Sprint will conclude without a deal, the sources have cautioned” reports venturebeat.com. Investors have been waiting for the deal to be announced since Reuters first reported last month that T-Mobile and Sprint were close to agreeing tentative merger terms.T-Mobile and Sprint are preparing a negotiating strategy to tackle demands from regulators regarding asset sales, including the divestment of some of their spectrum licenses after their deal is announced, the sources said.However, regulators can only begin reviewing a corporate merger once…

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What the sighting of a mysterious new aircraft says about the Air Force’s secret hypersonic program

“A similar low observable, hypersonic strike asset would also be critical in maintaining our first strike capability should the rapidly evolving situation warrant it. 2” writes Tom Demerly for businessinsider.com. When analyzing the role of a possible new strategic reconnaissance/strike asset, manned and unmanned, a few assumptions can reasonably be made.While this may not be critical in the ISR role, it may be in the strategic strike role.A manned strategic strike asset with ultra-high-speed and global range retains a human in the decision loop. Source: businessinsider.com Share This:

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