Prediction: Tesla Will Eventually Dive Head-First into Bitcoin

In a rare comment from Elon Musk on cryptocurrency, the Tesla and SpaceX founder said that Bitcoin “is quite brilliant.” He continued: “Paper money is going away and crypto is a far better way to transfer value than pieces of paper, that’s for sure, but it has its pros and cons.” Musk also gave Ethereum props on the ARK Investment podcast Tuesday (listen here): “There seems like there is some merit to Ethereum as well.” Elon Musk: Bitcoin Is Brilliant, But Tesla’s Not Going Full-Crypto It’s a strong endorsement of cryptocurrency and Bitcoin coming from Silicon Valley wunderkind Elon Musk,

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FBI Wants Your Help to Investigate $2.5 Billion Crypto Scam Bitconnect

Like most scams, it will be years before Bitconnect’s operators have felt the full weight of their actions. However, the US government wants victims to help bring the $2.5 billion crypto Ponzi scheme to justice. FBI Wants to Talk to Bitconnect Victims The FBI is looking to talk to people victimized by the Bitconnect scheme. It is publicly taking applications and information via its website. The agency will contact those it deems interesting enough to help with the investigation. The FBI writes: “By mid-December 2017, BCC boasted a market cap of over $2.5 billion. Bitconnect guaranteed investors up to a

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This Crypto Brokerage Lets You Escape to Fiat – No KYC Required

Europeans now have a new option to convert Bitcoin and other crypto assets into fiat without having to undergo identity verification. To make this possible, Swiss service Bity integrated with MyEtherWallet to enable the seamless transition of funds between MEW wallets and Bity accounts. Swiss Crypto Firm Sheds KYC Requirements for $5,000 Purchases Bity supports movements of up to 5,000 CHF (roughly $5,000) without a KYC verification process. According to a press release, Bity is a totally legal service under Swiss laws. The company writes: “Bity is able to offer this KYC-less Exit-to-Fiat gateway because it is compliant with the Swiss

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Tesla Will Be the Next Amazon – Unless it Gets Acquired by Apple First

Tesla will be the next Amazon. Moreover, its stock price will rocket 1,200% over the next five years to top $4,000 a share. That’s the exuberant prediction of TSLA shareholder Cathie Wood, the CEO of ARK Invest. Wood says the business community is often puzzled by the mercurial personality of Tesla CEO Elon Musk, but she says that should not be an issue. Wood says it’s just a matter of getting used to Musk’s sometimes flighty demeanor, which she does not find problematic. “Everybody is beginning to adjust for Musk,” Wood told CNBC. “Having been a portfolio manager for many years, I

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Breaking: Samsung Galaxy S10 Features Built-in Crypto Support

South Korean smartphone giant Samsung unveiled its long-awaited Samsung Galaxy S10 on Wednesday, and bitcoin investors waited with breathless anticipation to learn whether the S10 would feature an integrated crypto wallet. Does Galaxy S10 Include A Bitcoin Wallet? In a word, yes. Samsung confirmed today that it has integrated “Samsung Knox” into the S10, a feature which uses hardware security to store private keys for blockchain applications, including – presumably – cryptocurrency. Developers will be able to make use of the feature in creating hardware wallets via software. Anyone who owns an S10 will essentially have a hardware wallet. “Galaxy

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Crypto Firm Gladius Tattles on Itself Before SEC Brings Down the Hammer

The SEC acknowledged a settlement with Gladius Network LLC today. Gladius raised almost $13 million in an ICO at the height of the crypto boom, from October to December 2017. The company tattled on itself last August, self-reporting potential violations to the SEC. As a result, the regulator has been gracious enough to opt not to impose additional financial penalties on Gladius. The catch? Gladius has to offer refunds on all ICO tokens. Gladius Reports Itself to the SEC The settlement is similar to the agreement NEO reached with Chinese regulators. In the case of NEO, the token had already

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43% of ‘Clueless’ Millennials Trust Crypto Exchanges Over Stock Market: Survey

Almost half of millennial bitcoin traders in the US trust crypto exchanges more than the traditional stock market, according to a survey by cryptocurrency trading platform eToro. A nationwide survey of 1,000 online traders indicates that 43% of millennials trust crypto exchanges more than the US stock exchanges. In contrast, a whopping 77% of Generation X traders who participated in the survey trust stock exchanges more. Crypto’s Generational Divide Guy Hirsch, the managing director of eToro US, says the research spotlights the schism between the younger generation’s embrace of crypto versus the skepticism of their older cohorts. “We’re seeing the beginning of

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Dow Lifeless Ahead of FOMC Minutes, Stock Market Begs the Fed to Spark a Rally

The Dow and U.S. stock market traded slightly higher on Wednesday, though gains were capped by speculation about China trade negotiations and the release of Federal Reserve policy meeting minutes. DOW EKES OUT MINOR GAINS All of Wall Street’s major benchmarks traded higher through the mid-morning. The Dow Jones Industrial Average edged up 17 points, or 0.1%, to 25,908.88. The tepid gains followed a subdued pre-market session for Dow futures that showed little upside for stocks. The blue-chip index rose by as much as 46 points earlier in the day. The broad S&P 500 Index climbed 0.1% to 2,782.62, with

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Fortnite Legend Ninja Has Millions of Duplicate Followers: Bombshell Study

Legendary Fortnite player Richard Tyler “Ninja” Blevins has much to celebrate. In 2018, the gamer and wildly popular Twitch streamer told CNN he earned close to $10 million.  Other reports indicate that Ninja makes more than $500,000 per month in sponsorship and ad revenues stemming from the size of his massive viewer base. But how would Ninja fare if his sponsors knew that his reach was actually millions of fans smaller than they think? Study: Ninja Has 4 Million Duplicate Followers Last week, Mobcrush and CreatorIQ (CIQ) – companies that work to enable monetization options for creators – unveiled this blockbuster

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4 Reasons Bitcoin is the World’s ‘Most Compelling Asset’: VC Spencer Bogart

Now is the perfect time to buy bitcoin, according to Spencer Bogart, a partner at Blockchain Capital. Speaking to Bloomberg, Bogart was evangelical about bitcoin, calling it “the most compelling asset in the world right now.” Bogart is notoriously bullish, maintaining a $50,000 price target on bitcoin. Why is he so optimistic during the depths of this crypto winter? He pointed a string of possible catalysts for another bitcoin boom, including global tensions, rising national debt, and the increasing interest from institutions. Let’s go through them one at a time. I find it very difficult to make the case that

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