SEC Chief: You’re ‘Sorely Mistaken’ if You Think Bitcoin’s All Grown Up

SEC Chief: You’re ‘Sorely Mistaken’ if You Think Bitcoin’s All Grown Up

U.S. Securities and Exchange Chairman Jay Clayton just delivered a rebuke to cryptocurrency backers, alleging that Bitcoin is unlikely to trade on a major US exchange until it’s much better regulated. Crypto’s Not Ready for Prime-Time The chairman of the independent agency of the United States federal government stated in his opening speech at Delivering…

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Gold Price Nosedives Below $1,500 Following Central-Bank Deluge

Gold Price Nosedives Below $1,500 Following Central-Bank Deluge

The price of gold declined on Thursday, snapping a three-day winning streak after central banks around the world provided a muddied outlook on monetary policy. Gold Slides; Silver Follows The yellow metal fell by as much as 1.3% on Thursday, as investors reacted to central-bank statements in Washington, Tokyo and London. Futures for December gold…

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Decentralized Tools Reignite the Fight Against Ad Fraud

Decentralized Tools Reignite the Fight Against Ad Fraud

Online advertising professionals may be shocked to read recent research from Californian fraud management provider Pixalate, which claimed that up to 30% of all ad traffic is falsified. In stark contrast to previously reported estimates of ad fraud, this would imply that true ad impressions are significantly lower than commonly believed. If so, this means…

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Call of Duty Mobile Includes a 100-Player Battle Royale Mode

Call of Duty Mobile Includes a 100-Player Battle Royale Mode

Call of Duty: Mobile is set to launch on Android and iOS devices worldwide on Oct. 1, Activision announced late yesterday. The publisher is the latest to take the reputational weight of a big-name franchise and attempt to condense it down into a cohesive mobile experience. It follows in the footsteps of PUBG and Fortnite…

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Dow Futures Sink and Furious Donald Trump Rages at ‘Gutless’ Fed

Dow Futures Sink and Furious Donald Trump Rages at ‘Gutless’ Fed

Dow Jones Industrial Average (DJIA) futures plunged lower in early trading Thursday. It comes after the Federal Reserve cut the target base rate by 25 points, as expected. But the stock market, not to mention Donald Trump, didn’t get what they wanted: a commitment to deeper, long-term cuts. As usual, Trump didn’t hide his disgust at…

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North Korea Jumps The Cryptocurrency Shark By Announcing Its Own Bitcoin

North Korea Jumps The Cryptocurrency Shark By Announcing Its Own Bitcoin

In the world of cryptocurrency and bitcoins, which I consider to be a bubble worse than the Dutch tulip craze of the 1600s, there could only be one thing worse. That would be saying something because as I’ve argued repeatedly here at CCN, bitcoin is vapor. There is nothing to back it, it isn’t money,…

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Trump Buries Fed Chair Jerome Powell After ‘Gutless’ Policy Decision

Trump Buries Fed Chair Jerome Powell After ‘Gutless’ Policy Decision

The Federal Reserve’s quarter-point rate cut on Wednesday was met with hostility by President Trump, who blasted Chairman Jerome Powell for lacking vision and being totally ‘gutless’ about helping the American economy. Trump Ups Anti-Fed Rhetoric Trump took to Twitter Wednesday afternoon to complain about the Fed’s decision to lower interest rates. Based on Trump’s…

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FED Cuts Rates Again, Floods US Markets by Bitcoin Market Cap Equivalent

FED Cuts Rates Again, Floods US Markets by Bitcoin Market Cap Equivalent

Things are going from bad to worse for the US financial system as it slides ever closer to recession. As bearish signals mount up the Federal Reserve found itself needing to step in again to attempt to rescue what is becoming an increasingly desperate situation. Trump Wants Negative Interest In its second cut in as…

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