Craig Wright Says Bitcoin Is Going to Zero, Vows to Find Fake Satoshis

By CCN: Australian entrepreneur Craig Wright, the self-proclaimed inventor of bitcoin, has anointed himself the new sheriff of Crypto Town. And his first task is to hunt down “fake” Satoshis to prove once and for all that he’s the real deal. Moreover, Wright — who claims Bitcoin SV (Satoshi Vision) is the one, true bitcoin — predicts that BTC will eventually crash to zero. And its proponents will soon choke on the bitter fruit of regret. Wright: I Can Prove I’m Satoshi Nakamoto In a 3,ooo-word follow-up to his recent Bitcoin Manifesto, Wright promises to “clean out the cryptocurrency space

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Stock Market Reels as Trump Doubles Down on Mexico Threats

By CCN: The stock market is continuing to plunge. That’s because of the U.S.’ whipsaw approach to trade negotiations. Just yesterday, Vice President Pence visited Canada to promote the new USMCA trade deal which is set to replace NAFTA. He assured folks that Congress would vote for its approval this summer. It seems he forgot to check in with his boss, though. Trump launched a bombshell on the stock market later that evening. On Twitter, he declared that the U.S. will slap Mexico with a new tariff unless they slow the flood of undocumented migrants. Administration backers claim this is

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Vanguard’s $1.3 Trillion Blockchain Makes Bundesbank Look Foolish

By CCN: Vanguard, the world’s largest provider of mutual funds, is using blockchain to power their enterprise. The investing giant, which popularized mutual funds and exchange-traded funds (ETFs) for the common investor, has been using distributed ledger technology to manage $1.3 trillion worth of index funds, Forbes reports. Vanguard’s Blockchain Manages More Than $1 Trillion in Assets Since February, Vanguard has used blockchain to manage financial data for one-quarter of its assets, valued at $1.3 trillion. More than just a one-off trial, the service is operating live for millions of customer accounts. That’s right – clients of Vanguard’s index funds

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Little-Known Cryptocurrency Surges 80% While Bitcoin Flounders

By CCN: Monacoin bills itself as Japan’s first cryptocurrency, and it’s gained significantly during the recent bull market activity. The cat meme cryptocurrency surged more than 80% in just 24 hours, leaving it with a per-token value of more than $2. Previously, Monacoin’s price was closer to $1. The rally came even as the Bitcoin price struggled to regain momentum after a sizable sell-off. Japanese Crypto Traders Drive Demand for Monacoin Nice $MONA pump today after its listing on @coincheckjp #Monacoin is not listed on @binance and many other big international exchanges, except @BittrexExchange Japanese investors don’t care as the

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Coinbase Loses Another C-Suite Exec amid Mass Exodus at the Exchange

By CCN: The hits just keep on coming for popular U.S.-based cryptocurrency exchange Coinbase. Asiff Hirji took to Twitter to reveal that after less than two years as the Coinbase president and chief operating officer in San Francisco, he was calling it quits. Incidentally, Hirji, who is a TD Ameritrade alum, joined Coinbase during bitcoin’s last bull run and endured throughout the crypto winter. It’s unclear why he had a change of heart when bitcoin is in the middle of a stretch that many believe will be its best performance yet. In the tweet, Hirji said: “Coinbase tour of duty

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$8 Million: ‘Crypto Genius’ Reveals His Craziest Bitcoin Prediction Yet

By CCN: A quick way to crypto fame is to use whatever influence you have and make an insane call about the future Bitcoin price. You don’t have to be right. You can be consistently wrong. But if you’re bullish and the market starts to move, people will listen to you. Crypto Celebrities Keep Saying the Craziest Things James Altucher has been preaching what he knows about money since long before the Bitcoin gold rush of 2017, in which mainstream celebrities tried to get crypto rich and pumped the price. The semi-viral financial star is joining the $1 million club,

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Elon Musk’s SpaceX, With a $33.3B Valuation, Is About to Eclipse Tesla

By CCN: As markets close Friday, Elon Musk’s aerospace venture SpaceX is poised to eclipse his car company Tesla in market value for the first time. Tesla’s stock is trading down 1.5% at press time with a $33.01 billion market cap attached. According to CNBC, SpaceX is valued at $33.3 billion. Additionally, SpaceX will be worth more than Tesla for the first time if $TSLA closes below $188.38 per share.https://t.co/BnRApsCBQa pic.twitter.com/Ncp0Dc3lkb — Michael Sheetz (@thesheetztweetz) May 31, 2019 SpaceX boasts an updated market valuation after a recent fundraising round. CNBC’s Michael Sheetz reports that a recent filing shows SpaceX’s latest capital

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