News 

Sources: SoftBank has been in talks to invest up to $300M in dog-walking app Wag, which raised $40M just eight months ago

“SoftBank has been in talks to invest as much as $300 million in the dog-walking app Wag, according to people familiar with the conversations” writes Dec Est for recode.net. One person said Wag had already received an investment offer from a top venture capital firm on the $100 million round before SoftBank came in. Source: recode.net Share This:

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Crypto Futures Markets News Platforms 

Bitcoin Breaks CBOE as Futures Up 20% Hours After Launch, Trading at $18,210

“According to Tokyo-based technology journalist Yuji Nakamura, CBOE bitcoin futures processed $401,600 worth of trades within the first 20 minutes” writes unknown author for cryptocoinsnews.com. Throughout the past month, several analysts expressed their concerns over the possibility of shorting bitcoin at a larger scale through bitcoin futures and CBOE’s futures exchange. Several hedge funds including the $95 billion Man Group have already announced that they plan to commit to bitcoin investment upon CME’s launch of its bitcoin futures exchange in the next few weeks.A similar situation had occurred with CBOE…

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Crypto News 

Bitcoin Community Raises Over $1.6 Million For Andreas Antonopoulos

“The bitcoin community has raised more than $1.6 million or highly respected bitcoin and security expert Andreas Antonopoulos, who has spent the past several years educating the masses about bitcoin” writes unknown author for cryptocoinsnews.com. The bitcoin community Antonopoulos has served for many years, without financial incentive, has took it upon themselves to send donations to Antonopoulos, although he never asked for it.Within 48 hours, the bitcoin community raised more than $1.6 million for Antonopoulos.Ver’s statement led the entire bitcoin community to encourage bitcoin supporters to support Antonopoulos.In a statement,…

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Crypto News 

The Coinbase founder sent a warning to bitcoin investors: ‘Please invest responsibly’

“As of Friday morning, a single bitcoin had increased in value by more than $5,000 since Monday, a jump of more than 50 percent, according to Coindesk” writes Dec Est for recode.net. The fact that trading could be unavailable to some users is also a big deal as the price of bitcoin has been fluctuating significantly by the hour this week.All investing is risky, of course, and anyone investing in the stock market should know that prices fluctuate, and things can come crashing down at any moment.One bitcoin was worth…

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News 

Alibaba is reportedly investing $200 million in an Indian grocer, in a challenge to rival Amazon

“Alibaba is set to invest $200 million in Bigbasket, India’s largest online grocer, Bloomberg reports, citing sources familiar with the talks, escalating competition with rival Amazon” writes Justin Solomon for cnbc.com. The investment would earn the Chinese e-commerce giant a 25 percent stake in Bigbasket and a foothold in two burgeoning e-commerce markets: the nascent Indian e-commerce industry and the online grocery industry.Amazon CEO Jeff Bezos said earlier this year the company would invest $3 billion in India to challenge local names like Flipkart and Snapdeal, but the American titan…

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News Stocks 

How to invest in stocks powering the electric-car revolution

“Of course, higher battery demand translates to greater demand for EV battery materials and tightens the commodity markets while supporting prices within them” writes Michelle Jones for businessinsider.com. As far as individual stocks for EV battery materials go, he notes that not all nickel producers are equal. Source: businessinsider.com Share This:

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9 destinations in Europe where retirees are happy and housing is affordable

“Live and Invest Overseas, a resource for people who want to live, retire, and invest overseas, put together a list of the best retirement destinations in Europe for American retirees” reports businessinsider.nl. Portugal’s Algarve region is the best place in Europe to retire to today, according to Live and Invest Overseas.Luckily, it’s not as overwhelming as it might seem to figure out the best places to retire in a foreign country. Source: businessinsider.nl Share This:

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Morgan Stanley Announces Launch of Morgan Stanley Access Investing

“Morgan Stanley Access Investing portfolios are backed by the same proprietary manager selection analytics used throughout the firm, which we believe may improve the odds of adding performance value for the end investor.”” writes Donna Fuscaldo for investopedia.com. “Morgan Stanley Access Investing leverages the firm’s intellectual capital to reach a broader audience of investors who are looking to achieve their financial goals,” said Naureen Hassan, chief digital officer at Morgan Stanley Wealth Management, in a press release announcing the new platform.Millennials by nature are more self directed and comfortable with…

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News 

Grassley explains why people don’t invest: ‘Booze or women or movies’

“Citing 2016 data from the IRS, the newspaper determined 5,219 tax returns were affected by the current estate tax” reports washingtonpost.com. The current tax on estates is 40 percent of an individual’s wealth at death.In Grassley’s home state of Iowa, the estate tax has been particularly fraught with controversy.The paper also referenced a 2015 report from the Congressional Research Service noting only 65 farm estates in the United States annually are touched by the estate tax.Grassley, a Senate Finance Committee member responsible for writing the tax proposal, immediately was hit…

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