China Fast-Tracks Central Bank Cryptocurrency to Fight Facebook’s Libra

The announcement of Libra marked the beginning of the strategic pulse involving players from the world of crypto and fintech while attracting the attention and alarms of important actors in global geopolitics such as the U.S. Congress and, more recently, the government of China. According to the South China Morning Post; Wang Xin, director of …

Dow’s Future Clouded as Ex-White House Official Rules Out July Rate Cut

The Dow Jones and the broader U.S. stock market were in solid form in the first half of 2019 despite geopolitical tensions on several fronts. The Dow and the S&P 500 hit new highs a week ago thanks to the Federal Reserve’s dovish monetary policy outlook.  But former White House communications director Anthony “The Mooch” …

Facebook’s Libra Surpasses Bitcoin on Crypto Twitter but Sentiment Stinks

 A survey conducted by cryptocurrency data firm The TIE has revealed that U.S. residents are tweeting more about Facebook’s Libra coin than bitcoin. According to The TIE, 43.8 percent of U.S. residents are tweeting about Libra. The percentage tweeting about bitcoin, on the other hand, is 39.8 percent. 7/ Interestingly, the United States represents an …

Florida Inmates Used Bitcoin to Bankroll Crazy Money Laundering Scheme

Authorities at the Pasco County jail in Florida recently caught inmates in an elaborate money laundering scheme involving Bitcoin and the dark web. Florida Inmates Find The Best Money Laundering Counterparty: The Government The scheme reportedly involved buying stolen credit card information on the dark web with Bitcoin. Then, using the stolen cards to fund …

Epic Confirms Fortnite Crossover to Juice Your Stranger Things Binge

Hours before Stranger Things season three was released on Netflix, fans began noticing portals inspired by the show were popping up in Fortnite. This led to speculation that there would be a crossover event featuring the two entertainment juggernauts, with Epic Games and Netflix subsequently confirming the news. Taking to the game’s official Twitter, Epic …

Intrigue and Revolt Grip Cannabis Powerhouse Canopy Growth

There were bizarre developments at publicly-traded cannabis company Canopy Growth Corporation on Wednesday. Canopy Growth announced that co-CEO and founder Bruce Linton would “step down as co-CEO.” Yet Bruce Linton called into CNBC later that day and told the business news network: “I think stepping down might not be the right phrase. I was terminated.” …

Dow Creeps Higher as Trump Stacks Fed with Rate-Slashing Allies

Dow Jones futures traded higher on Wednesday as Trump aims to stack the Federal Reserve in his favor. In a series of tweets last night, he revealed his picks for the two empty chairs on the Fed’s board of governors. The names are Christopher Waller and Judy Shelton, both staunch advocates of low-interest rates. Trump …