Crypto News 

Venezuelans seeing bitcoin boom as survival, not speculation

“Venezuelans with bitcoin can sell their digital currency on one of a half-dozen virtual exchanges filled with compatriots looking to buy bitcoin” writes The Associated Press for seattletimes.com. The digital currency debuted on a major U.S. exchange with its first futures contract Sunday.The early Venezuelan bitcoin adopters consisted largely of engineers and business leaders, but these days Useche said he is surprised by the number of poor, elderly Venezuelan making small bitcoin purchases.The shift toward cryptocurrencies in Venezuela is taking place as the price of bitcoin has climbed to a…

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News 

Airbus leadership under fire as crisis deepens

“You can’t rule out a change of governance before the end of the year,” a senior source close to the company said” reports foxbusiness.com. “The question is who goes and in what order,” a source close to the company said.”You won’t recognize the company within 12-18 months,” a person who deals closely with Airbus said.The more pressing question, some company watchers say, is whether Enders will complete his current mandate and stay through 2018. Source: foxbusiness.com Share This:

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Crypto Futures Markets News 

Bitcoin blasts through $16,000 milestone as march higher continues

“Some strategists believe the ability to hedge in the futures market will make bitcoin much more attractive to institutional investors, leading to more orderly bitcoin trading” writes Markets Reporter for marketwatch.com. However, others argue that those same institutional investors could destabilize the bitcoin market by taking on large positions to try to leverage discrepancies in pricing.However, the start of futures trading also means the start of short trades on the bitcoin, which could increase volatility further,” she added.Futures are seen as potentially further legitimizing bitcoin as an investment, and they…

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Markets News 

Market report: Whitbread tops the FTSE 100 as activist investor stake revives break-up speculation

“Whitbread enjoyed its best day of trading in 2017 after break-up speculation was reignited by activist investor Sachem Head Capital taking out a stake in the Costa Coffee and Premier Inn owner” writes Tom Rees for telegraph.co.uk. Analysts have recently noted that Whitbread’s weakness leaves it susceptible to interest from activist investors and private equity, with its shares slipping to an 11-month low in November. Source: telegraph.co.uk Share This:

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GBP News 

Theresa May accuses the BBC of ‘misleading’ the public about £50 billion Brexit divorce bill

“They added: “I am confident that if the BBC have ended up misleading the public with any of this speculation then I’m sure they would want to put the record straight.”” writes Adam Bienkov for businessinsider.com. While not outright denying the figure this afternoon, Downing Street suggested the reports were “speculation” and  “misleading” and may need to be corrected at a later date. Source: businessinsider.com Share This:

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News 

‘It’s done and dusted’ – McInnes shuns Rangers speculation

“Aberdeen manager Derek McInnes has attempted to put an end to speculation linking him with the vacant post at Rangers” writes Sporting News for sportingnews.com. I am very happy here, I have a job I’m focused on here.If people want to know about the Rangers job I would suggest they go down to Glasgow and ask them about it, don’t be speaking to me or my players. “Has it angered me?. I’m getting asked all the time about this job or that job.A month ago I was asked about the…

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Crypto Markets News 

Bitcoin is ‘definitely not a fraud,’ CEO of mobile-only bank Revolut says

“The question, ‘Where is the real gold price?’ No one knows” writes Ryan Browne for cnbc.com. He said that 99 percent of bitcoin transaction volumes are “speculation-driven,” with just 1 percent of volumes involving everyday applications.But still there is a huge market, huge volumes that are being traded in the market, and these volumes determine the gold price,” he said.Bitcoin and other digital currencies are not “a fraud,” the chief executive of app-based bank Revolut told CNBC, ahead of the start-up’s plans to launch a range of services for cryptocurrencies. Source:…

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News 

Tourbillon Capital, a $3.4 billion hedge fund that’s been sounding the alarm about ‘frothy speculation,’ is suffering big losses

“Its long-only fund was up about 10% through October, Business Insider previously reported” writes Matt Turner for businessinsider.com. In an October letter to investors, Karp preached patience, saying the fund saw “a number of warning signs that point to the middle innings of frothy speculation.”.  Source: businessinsider.com Share This:

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Crypto News 

Chess Legend Garry Kasparov: Bitcoin Is Pure Speculation

“Former world chess champion Garry Kasparov went to the Web Summit, in Lisbon, this year while representing cybersecurity firm Avast” writes unknown author for cryptocoinsnews.com. PROTESTE INVESTE, a Portuguese investment website known for helping novice and experienced investors, managed to speak to Kasparov in an interview about bitcoin and cryptocurrencies.In its piece, PROTESTE INVESTE further added that given the risk, it doesn’t recommend investors put their money on cryptocurrencies.He described himself as an “admirer of Winston Churchill and Steve Jobs,” and classified bitcoin as a “product of the free market.”…

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Markets News Stocks 

The stock market isn’t in a bubble — but it’s close

“First, as long term readers know, I rarely comment directly on the stock market (although I did post on the market in 2009 since that was a turning point)” writes Bill Mcbride for businessinsider.com. Here are a few thoughts on “Is the stock market a bubble?”. Second, I write about the economy, and the stock market is not the economy.There are exceptions: in 1987, the economy was fine, but the stock market crashed in October 1987.However – in general – the stock market does well when the economy is expanding,…

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