Elon Musk’s Mysterious Tweet Results in $35,000 Tesla Model 3

Tesla’s big news event for today was dominated by the official unveiling of the long-awaited $35,000 Model 3. Excitement over the new low-cost sedan was sapped, however, after Elon Musk delivered disappointing news about Tesla’s profitability prospects. Tesla Unveils $35,000 Model 3 $35,000 Tesla Model 3 Available Nowhttps://t.co/xZ0J4rbbgM — Tesla (@Tesla) February 28, 2019 The Model 3’s new $35,000 version will have a 220-mile battery pack range. New buyers will only be able to make purchases online. Here’s a look at the bare bones Standard Model 3 specs. There is a range of options available, and they’re noted on the

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Billionaire Charlie Munger Destroys Elon Musk’s Hyperinflated Sense of IQ

While answering questions at Los Angeles-based news outlet Daily Journal Corp’s annual meeting, Charlie Munger, Vice Chairman of investment giant Berkshire Hathaway and longtime partner of fellow billionaire Warren Buffett, took a thinly-veiled shot at Elon Musk, founder and CEO of automobile company Tesla Inc. Munger, who serves as the chairman of Journal Daily Corp, has gained worldwide acclaim as a successful investor and is also seen as a “sage” who gives some of the best investment advice. At the annual meeting, Munger was asked by a company shareholder about his proverb, where he once famously said he would rather

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Putin’s Bitcoin Regulation Deadline Might Not Lead to Actual Crypto Rules

Bitcoin skeptic Vladimir Putin has set a July 2019 deadline for crypto regulations to be put in place in Russia. Putin made the announcement on the Kremlin website in a February 27 notice. In his order, President Putin told the Russian State Duma and the Council of the Federation of Russia to adopt cryptocurrency rules by July 1. The regulations are designed to promote the digital economy in Russia, which is struggling financially amid US economic sanctions. Previous July 2018 Deadline Largely Ignored It’s unclear whether these rules will be adopted, since Putin had previously set a July 2018 deadline for

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Surprise Pot Stock Pivot Lifts Arcadia Biosciences Shares 61%

Arcadia Biosciences Inc.’s share price surged 61 percent while trading on the Nasdaq Thursday after the agricultural biotech firm announced plans to dive into the hemp industry. The company’s core business area is producing food ingredients made from wheat and soybeans. The company is jumping into the cannabis space as “with an initial focus on the hemp market,” according to a news release published Thursday. “Now, the company will apply its expertise to the burgeoning cannabis industry,” the announcement stated. Raj Ketkar, chief executive office at Arcadia Biosciences, said: “We see enormous opportunity in – and demand for – improved plant

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Bitcoin Scammers Take Advantage of Already-Dismal Square Earnings

Just when Jack Dorsey’s week was starting to look up, he must contend with yet another cryptocurrency giveaway scam. But while Twitter has long been rife with these fraudulent schemes, this particular bitcoin scam targets his other company – digital payments firm Square. Square Earnings Attract Bitcoin Giveaway Scammers In tandem with Square’s earnings results on Wednesday, scammers began sending emails – purportedly from the company – announcing that they had added support for the stellar (XLM) cryptocurrency. That is false. The email further asks users to send $10 worth of bitcoin to a certain address in exchange for 350

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NASDAQ of Pot Stocks Grows Money 16,000% More Than S&P 500

The biggest U.S. and Canadian marijuana stocks have been on a wild ride over the last two years, but their share prices are getting pretty high. In October 2017, the Marijuana Index (think of it as the NASDAQ of marijuana stocks) started growing like a weed from $113 on Oct 26, 2017 to $363 by Jan 23, 2018. If you had invested in the S&P 500 in October 2017, then by last October, a year later, you had returns of 9.78% on the growth in those 500 company’s shares. If you bought Big Weed, your shares produced 158% returns over

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$67,193: Veteran Crypto Trader Explains His Oddly-Specific Bitcoin Price Target

Veteran trader Peter Brandt has an oddly specific bitcoin price target – $67,193. Brandt, who boats of 40-plus years’ experience in commodity trading, arrived at this figure by taking the combined value of the 33,000 tonnes of central bank-owned gold and dividing it by bitcoin‘s fully-diluted currency supply of ~21 million coins. $67,193This is what one $BTC will be worth if the the composite value of Bitcoin (at 21 MM mined) equals the value of the 33k tonnes of Gold $GC_F #GOLD held by the world's central banks. — Peter Brandt (@PeterLBrandt) February 23, 2019 For Brand’s analysis to come

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Notorious Spyware Creator Joining Forces With Coinbase Spells Doom For Your Privacy

Privacy has been a heated discussion for decades. Recently, legislation has been passed to provide greater protections for consumer data including GDPR, BDSG-New, and CCPA. The age-old question is: “If you aren’t doing anything wrong, why do you need privacy?” The answer isn’t so simple. Ranging from the mental health impacts of not having privacy to determining what is “wrong” or who decides what is “wrong”, arguments have no bounds on the topic, hence a base-level provision for personal privacy. In acquiring Neutrino, Coinbase is gearing up to strip away privacy from their users, regardless of their intention of use:

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‘Prices are Way Down’: Bitcoin Investors Should Buy Post-Crash Dip Now, Says VC Chief

Venture capitalist Fred Wilson suggested that bitcoin investors buy the post-crash dip because there are a lot of exciting developments right now that make the crypto industry worth investing in. Wilson proffered the advice in a February 28 blog post: “We are in the post-crash cycle in crypto, and that has made the sector interesting to me again. Prices are way down and there is a lot of great work being done on projects we are invested in and projects we want to invest in.” That’s hardly controversial or earth-shattering advice: Buy low, sell high is a stock market cliché.

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