News 

Branson latest to push free cash handouts…

“Billionaire entrepreneur Richard Branson is the latest in a string of iconic businessmen to talk about cash handouts, or universal basic income, as a solution to jobs being replaced by technology” writes unknown author for cnbc.com. “With the acceleration of [artificial intelligence] and other new technology … the world is changing fast,” Branson writes in a post published this week.”A lot of exciting new innovations are going to be created, which will generate a lot of opportunities and a lot of wealth, but there is a real danger it could…

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News 

Corruption Currents: Maldives President Admits Receiving Bags of Cash

“As businesses become increasingly digital, corporate boards are beginning to realize that technology expertise is a powerful asset, according to new Deloitte research” writes Samuel Rubenfeld for wsj.com. The analysis shows that the number of technology-focused board members in all public companies remains low, although it has increased over the last six years. Consider how CIOs and other business-savvy technologists can help corporate boards understand and oversee technology-driven initiatives and opportunities. Source: wsj.com Share This:

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Crypto News 

Bitcoin is back above $4,000

“Bitcoin is back above $4,000 a coin on Wednesday, as the digital currency pars back losses” writes Oscar Williams-grut for businessinsider.com. Elsewhere in the crypto space, Bitcoin Cash, a new digital currency spun off from the Bitcoin network at the start of the month, is down 3.6% against the dollar to $293.00.Bitcoin fell below $4,000 late on Tuesday after a sensational rally on Sunday and Monday that saw the cryptocurrency break the $4,000 and $4,500 mark for the first time. Ethereum, the second biggest cryptocurrency by market cap after Bitcoin, is…

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Markets News Stocks 

Tesla’s ‘cash burn’ likely peaked, one analyst says

“Tesla Inc., fresh from a successful bond sale, is likely to have seen the worst of its money spending and cash burn” writes Claudia Assis for marketwatch.com. TSLA, -0.04% They are expecting the company to burn through about $600 million in cash in the fourth quarter, but said the second quarter “already likely represented the company’s peak cash-burn quarter,” at around $900 million.That’s according to analysts at Guggenheim, who on Tuesday tweaked their earnings expectations for the electric car maker.Tesla’s most-active bonds, the 2.375% notes that mature in March of…

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Crypto News 

Investors are taking a Bitcoin breather

“Elsewhere, Bitcoin Cash, the cryptocurrency that was split off from Bitcoin at the start of the month, is also retrenching” writes Oscar Williams-grut for businessinsider.com.au. LONDON — The price of bitcoin is dipping on Tuesday morning, after big gains over the last few days.Bitcoin Cash is down 1.32% against the dollar to $US299.45 at the time of writing.Ethereum, the other major cryptocurrency by market capitalisation, is sliding too. Source: businessinsider.com.au Share This:

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Crypto Markets News 

Bitcoin Price Eyes $4,000 as Markets Soar Past $130 Billion

“At present, the bitcoin cash price is $327, resulting in a $5.4 billion market cap” writes unknown author for cryptocoinsnews.com. The bitcoin price continues to advance toward $4,000, confirming a June prediction by a Goldman Sachs analyst that it would near that mark during its current wave.For reference, the total crypto market cap did not reach $40 billion until the beginning of May.The bitcoin cash price has risen more than $100 since August 4 although it has fallen about 4% in the past 24 hours.On August 12, the bitcoin price…

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