AMD spikes after earnings beat (AMD)
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Business Insider, 1/1/0001 12:00 AM PST Advanced Micro Devices reported its second-quarter results after Tuesday's closing bell. The company posted adjusted earnings of $0.02 per share on revenue of $1.22 billion. Both were ahead of Wall Street expectations as analysts were looking for earnings of $0.001 per share on revenue of $1.16 billion. AMD has a record of beating Wall Street’s expectations. For the last eight quarters, AMD has exceeded Wall Street expectations. AMD has received a boost from cryptocurrency mining this year. Bitcoin and Ethereum have both exploded in value, and miners hoping to grab a share of these currencies have been buying up graphics processing units in droves from AMD and rival Nvidia. Ahead of the report, millennial investors on the Robinhood platform have been selling shares more often than buying them, according to data from the company. AMD shares are up about 8% post-earnings, and 35% this year. Click here to watch AMD’s stock price move in real time as second quarter earnings are released…
SEE ALSO: Here's how millennial investors are trading AMD before its earnings report Join the conversation about this story » NOW WATCH: An economist explains the key issues that Trump needs to address to boost the economy |
STOCKS RISE: Here's what you need to know
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Business Insider, 1/1/0001 12:00 AM PST
Stocks closed up on Tuesday after the Senate healthcare bill passed a huge hurdle. The Dow and the S&P 500 finished up, while the Nasdaq was little changed. First up, the scoreboard:
1. The Senate voted to open debate on the Republican healthcare overhaul. A procedural vote to begin debate on the House's healthcare bill passed Tuesday by a narrow count of 50-50, with Vice President Mike Pence serving as the tiebreaker vote. 2. McDonald's beats on second-quarter earnings after slashing prices on soda and coffee. McDonald's shares rose by as much as 3% to a record intraday high. They gained 25% this year through the market close on Monday. 3. A legendary fund manager is piling into a market he says Wall Street is ignoring. There's a fortune to be made buying closed-end funds (CEFs). That was the message delivered in a recent interview by famed credit trader Boaz Weinstein, whose $1.7 billion firm Saba Capital is best known for its winning bet against the JPMorgan trader known as the "London Whale." 4. It's about to get a lot easier to bet against Snap. That's because the company's post-initial-public-offering stock lockup is set to expire Saturday, allowing insider shareholders to sell the stock for the first time. While borrowing fees of 50% to 60% have made shorting Snap prohibitively expensive to most investors, that cost will shrink to about 5%, according to S3 Partners. 5. Michael Kors is buying Jimmy Choo for $1.2 billion. Jimmy Choo put itself up for sale in April after its majority owner, JAB, signaled its intention to focus on consumer goods. 6. A $13 billion hedge fund is sounding the alarm on one of the biggest trends in investing: quants and passive investing. Highfields Capital Management flagged concerns this week about computer-driven trading in its second-quarter letter to investors, a copy of which was reviewed by Business Insider. 7. Snap shares slid before $14 for the first time on Tuesday. After a brief pop following the initial public offering, Snap shares have been on a fairly steady downward trend, and are now 19% below their IPO of $17.. ADDITIONALLY: BANK OF AMERICA: The US dollar is overvalued, and there are "substantial risks" from here. The market's hottest stocks are being used in a clever new way. GOLDMAN SACHS: Bitcoin may need "another few swings" before making a run at record highs. The housing collapse hit minorities hardest — and the impact is still being felt across America. Join the conversation about this story » NOW WATCH: An economist explains what could happen if Trump pulls the US out of NAFTA |
Here comes AMD earnings... (AMD)
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Business Insider, 1/1/0001 12:00 AM PST Advanced Micro Devices reports its second-quarter results after Tuesday's closing bell. The company is expected to post a loss of $0.027 per share, on sales of $1.16 billion according to analysts surveyed by Bloomberg. AMD whiffed on its first quarter earnings, reporting a loss of $0.04. AMD has a record of beating Wall Street’s expectations, however. For the last seven quarters, AMD has exceeded earnings per share expectations by an average of 106.8%. Here’s what the Bloomberg consensus is expecting:
AMD has received a boost from cryptocurrency mining this year. Bitcoin and Ethereum have both exploded in value, and miners hoping to grab a share of these currencies have been buying up graphics processing units in droves from AMD and rival Nvidia. Ahead of the report, millennial investors on the Robinhood platform have been selling shares more often than buying them, according to data from the company. AMD is up 24.49% this year. Click here to watch AMD’s stock price move in real time as second quarter earnings are released…
SEE ALSO: Here's how millennial investors are trading AMD before its earnings report Join the conversation about this story » NOW WATCH: An economist explains the key issues that Trump needs to address to boost the economy |
Lamassu’s Zach Harvey Shares Data on the Growing Use of Bitcoin ATMs
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Bitcoin Magazine, 1/1/0001 12:00 AM PST Lamassu is a bitcoin ATM manufacturer that started in 2013 with the goal of making it “as simple as possible to get bitcoin.” There are now hundreds of these bitcoin ATMs around the world, and one of Lamassu’s co-founders, Zach Harvey, recently shared some data related to how these machines are used at a Bitcoin meetup in Milan. While a recent article in the New York Post warned bodega owners against putting bitcoin ATMs in their stores due to potential use by darknet market customers, Harvey stated his belief that most of the bitcoin ATM users are using the devices for speculation on the bitcoin price, which he sees as the biggest use case for the digital asset right now. According to Harvey, Lamassu set up their business in a decentralized, distributed manner where they manufacture the machines in Portugal and then sell them to operators around the world. “The reason we did this in a way that is more distributed is because we felt the system would be a lot more robust if every one of these individual operators ran the machines themselves, had their own bitcoin wallets from which to send to the end user, had full control over their user data, there would be no single point of failure, and it would also be more in the spirit of Bitcoin,” said Harvey at the recent meetup. Harvey went on to discuss data related to the use of bitcoin ATMs, problems associated with increased congestion on the Bitcoin network, and a specific example of why he thinks bitcoin is going mainstream. Who Uses Bitcoin ATMs?According to Harvey, the people who use bitcoin ATMs are mostly non-tech savvy users who want to get their first taste of digital currency. Harvey added that bitcoin ATMs tend to attract these types of users due to a focus on convenience and user experience. The Lamassu co-founder also claimed that a new user can complete a transaction in 20 to 30 seconds, while someone familiar with the machine can be done in less than ten seconds. Two of the key selling points of bitcoin ATMs mentioned by Harvey were that users don’t have to go through the process of connecting a bank account with an exchange and the machines can feel like a safer option than meeting up with a random person found on a P2P bitcoin trading marketplace like LocalBitcoins. According to Harvey, the selling points of bitcoin ATMs are so strong that many people are willing to pay the 10 to 15 percent exchange fees that come with them. He claimed that the more popular bitcoin ATMs get around 50 transactions per day and “sometimes you’ll even have queue at some of the machines.” “If you’re around a bitcoin ATM, there really is no easier way of [getting some bitcoin],” Harvey later added. Having said that, Harvey indicated that many of the bitcoin ATMs in the United States include some sort of identity verification due to Know Your Customer and anti-money laundering regulations. The level of identity verification required tends to vary, depending on the amounts involved and where the bitcoin ATM is located. Harvey also shared data from one of their operators, who owns 14 machines, that indicated these bitcoin ATMs tend to be used for low-value transactions. “These are people that just want to get the first experience — see what it’s like to get into bitcoin,” said Harvey. “If they really just want to see what it’s about — feel a little bit of the magic of bitcoin — they’re going to start with a low amount.” “If you look at machine number 13, there’s almost 90 percent of transactions that are under $100,” Harvey added. According to the data shared by Harvey, 20 to 30 percent of the transactions at these particular bitcoin ATMs are for less than $10. Network Transaction Fees Have an Effect on Bitcoin ATMsDuring his appearance at the Bitcoin meetup in Milan, Harvey also discussed the effect that increased congestion on the Bitcoin network has had on bitcoin ATMs. He noted that operators asked for the functionality to add a flat fee or the complete removal of the $5 and $10 transaction amounts when on-chain transaction fees get into the $1–$2 range. Harvey also noted that roughly 90 percent of the transactions that are usually processed by bitcoin ATMs would become uneconomical if on-chain bitcoin transaction fees reached $10. Due to demand from their operators, Lamassu plans to add altcoins, such as ether and zcash, to their machines in the coming weeks. These altcoins feature shorter confirmation times, which can be helpful in situations where a user wants to trade their cryptocurrency for physical cash. “It’s not as secure as a bitcoin confirmation, but it’s more secure than a zero-confirmation of bitcoin,” Harvey said of confirmations on other cryptocurrency networks. Due to Bitcoin network congestion and poorly implemented fee estimation software on users’ mobile wallets, Harvey noted that some users have had to wait over a day to get their cash out of a bitcoin ATM. In terms of unconfirmed bitcoin transactions, Harvey stated that not many operators have had issues with accepting them. Bitcoin Going Mainstream?Although Lamassu also has machines in North America, Europe, Asia, Australia and New Zealand, Canada has become their most active userbase. According to data shared by Harvey, the Toronto area alone has around 50 Lamassu bitcoin ATMs. “Several years ago, [this] would have seemed like way too many, and now it’s starting to be something that’s the norm as bitcoin goes more mainstream,” said Harvey of the density of bitcoin ATMs in Toronto. When sharing data related to the proliferation of Lamassu’s bitcoin ATMs around the world, Harvey showed a screenshot of an email he received from a convenience store owner in Toronto. “Customers are coming into my store, and they’re telling me, ‘Why don’t you have a bitcoin ATM?’” Harvey paraphrased from the email. “Can I please get one placed here?” This is the same area that already has roughly 50 bitcoin ATMs around it. Watch the full presentation here. The post Lamassu’s Zach Harvey Shares Data on the Growing Use of Bitcoin ATMs appeared first on Bitcoin Magazine. |
Lamassu’s Zach Harvey Shares Data on the Growing Use of Bitcoin ATMs
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Bitcoin Magazine, 1/1/0001 12:00 AM PST Lamassu is a bitcoin ATM manufacturer that started in 2013 with the goal of making it “as simple as possible to get bitcoin.” There are now hundreds of these bitcoin ATMs around the world, and one of Lamassu’s co-founders, Zach Harvey, recently shared some data related to how these machines are used at a Bitcoin meetup in Milan. While a recent article in the New York Post warned bodega owners against putting bitcoin ATMs in their stores due to potential use by darknet market customers, Harvey stated his belief that most of the bitcoin ATM users are using the devices for speculation on the bitcoin price, which he sees as the biggest use case for the digital asset right now. According to Harvey, Lamassu set up their business in a decentralized, distributed manner where they manufacture the machines in Portugal and then sell them to operators around the world. “The reason we did this in a way that is more distributed is because we felt the system would be a lot more robust if every one of these individual operators ran the machines themselves, had their own bitcoin wallets from which to send to the end user, had full control over their user data, there would be no single point of failure, and it would also be more in the spirit of Bitcoin,” said Harvey at the recent meetup. Harvey went on to discuss data related to the use of bitcoin ATMs, problems associated with increased congestion on the Bitcoin network, and a specific example of why he thinks bitcoin is going mainstream. Who Uses Bitcoin ATMs?According to Harvey, the people who use bitcoin ATMs are mostly non-tech savvy users who want to get their first taste of digital currency. Harvey added that bitcoin ATMs tend to attract these types of users due to a focus on convenience and user experience. The Lamassu co-founder also claimed that a new user can complete a transaction in 20 to 30 seconds, while someone familiar with the machine can be done in less than ten seconds. Two of the key selling points of bitcoin ATMs mentioned by Harvey were that users don’t have to go through the process of connecting a bank account with an exchange and the machines can feel like a safer option than meeting up with a random person found on a P2P bitcoin trading marketplace like LocalBitcoins. According to Harvey, the selling points of bitcoin ATMs are so strong that many people are willing to pay the 10 to 15 percent exchange fees that come with them. He claimed that the more popular bitcoin ATMs get around 50 transactions per day and “sometimes you’ll even have queue at some of the machines.” “If you’re around a bitcoin ATM, there really is no easier way of [getting some bitcoin],” Harvey later added. Having said that, Harvey indicated that many of the bitcoin ATMs in the United States include some sort of identity verification due to Know Your Customer and anti-money laundering regulations. The level of identity verification required tends to vary, depending on the amounts involved and where the bitcoin ATM is located. Harvey also shared data from one of their operators, who owns 14 machines, that indicated these bitcoin ATMs tend to be used for low-value transactions. “These are people that just want to get the first experience — see what it’s like to get into bitcoin,” said Harvey. “If they really just want to see what it’s about — feel a little bit of the magic of bitcoin — they’re going to start with a low amount.” “If you look at machine number 13, there’s almost 90 percent of transactions that are under $100,” Harvey added. According to the data shared by Harvey, 20 to 30 percent of the transactions at these particular bitcoin ATMs are for less than $10. Network Transaction Fees Have an Effect on Bitcoin ATMsDuring his appearance at the Bitcoin meetup in Milan, Harvey also discussed the effect that increased congestion on the Bitcoin network has had on bitcoin ATMs. He noted that operators asked for the functionality to add a flat fee or the complete removal of the $5 and $10 transaction amounts when on-chain transaction fees get into the $1–$2 range. Harvey also noted that roughly 90 percent of the transactions that are usually processed by bitcoin ATMs would become uneconomical if on-chain bitcoin transaction fees reached $10. Due to demand from their operators, Lamassu plans to add altcoins, such as ether and zcash, to their machines in the coming weeks. These altcoins feature shorter confirmation times, which can be helpful in situations where a user wants to trade their cryptocurrency for physical cash. “It’s not as secure as a bitcoin confirmation, but it’s more secure than a zero-confirmation of bitcoin,” Harvey said of confirmations on other cryptocurrency networks. Due to Bitcoin network congestion and poorly implemented fee estimation software on users’ mobile wallets, Harvey noted that some users have had to wait over a day to get their cash out of a bitcoin ATM. In terms of unconfirmed bitcoin transactions, Harvey stated that not many operators have had issues with accepting them. Bitcoin Going Mainstream?Although Lamassu also has machines in North America, Europe, Asia, Australia and New Zealand, Canada has become their most active userbase. According to data shared by Harvey, the Toronto area alone has around 50 Lamassu bitcoin ATMs. “Several years ago, [this] would have seemed like way too many, and now it’s starting to be something that’s the norm as bitcoin goes more mainstream,” said Harvey of the density of bitcoin ATMs in Toronto. When sharing data related to the proliferation of Lamassu’s bitcoin ATMs around the world, Harvey showed a screenshot of an email he received from a convenience store owner in Toronto. “Customers are coming into my store, and they’re telling me, ‘Why don’t you have a bitcoin ATM?’” Harvey paraphrased from the email. “Can I please get one placed here?” This is the same area that already has roughly 50 bitcoin ATMs around it. Watch the full presentation here. The post Lamassu’s Zach Harvey Shares Data on the Growing Use of Bitcoin ATMs appeared first on Bitcoin Magazine. |
Eleven Global Cities to Participate in Bitcoin Airdrop 2017
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Bitcoin Magazine, 1/1/0001 12:00 AM PST The Blockchain Education Network (BEN), a global network of blockchain communities, has announced a global Bitcoin Airdrop powered by bitJob to begin this new school year. Fintech communities and universities in 11 regions have agreed to participate including McGill University and the Richard Ivey School of Business in Canada; UC Berkeley, Wake Forest University and St. Petersburg in the United States; University of Queensland in Australia; Trivandrum and Bangalore in India; St. Petersburg in Russia; and Puerto Rico and Colombia. The first airdrop event begins on August 11 in Colombia, where Jorge Pérez, the director of BEN Colombia, is hosting a meeting at a restaurant. The airdrop then moves to St. Petersburg in Russia on August 16, where the giveaway is being held in unison with the ICO-Hypethon, an ICO-focused hackathon where blockchain developers will build infrastructure around ICOs to pitch to investors. The airdrop will continue on to other campuses and cities until the network has distributed the entire amount of donations. Rodion Mikhalev, the director of BEN Russia and one of the organizers of the ICO-Hypethon, explained in a statement that “the Hypethon is a mix between a hackathon [and] an accelerator. It’s a 48-hour event hosted by Crypto Friends, where Eberhard Lindfordt will screen the top 20 projects out of hundreds of applicants. Teams chosen will receive help from experienced [b]lockchain experts which will help them finalize their business and lead them into successful ICO launches. “There will also be ICO angels ready to invest their money into projects on the spot and whom will receive additional bonus coins if done so at the event. This is the perfect event in Russia to host the airdrop and to distribute bitcoins to the hundreds of innovators who will pass by in the 48-hour window, and we are excited to participate in it! This is a very rare and exciting opportunity which will attract some of Russia’s best talent and will pave the way to a better future worldwide.” Alberto Jauregui, the director of growth of the Blockchain Education Network, said in a statement that he believes the “Bitcoin Airdrop serves as an engine to introduce students to the disruptive blockchain industry and incentivize them to band together to form new BEN chapters or regions.” Last year, Jauregui hosted a small airdrop outside the main library at the University of South Florida and hid paper wallets throughout the campus. This year, he plans to coordinate an airdrop alongside a BitCrawl on Central Avenue in St. Petersburg, Florida. The date is to be announced. “Who doesn’t like free Bitcoin?” Jauregui added. BitCrawl is an event started in Montreal by the McGill Students Cryptocurrency Club and then continued by the Decentralized Tech Association at the University of Toronto, in which a main street agrees to accept bitcoin for an evening and a group of blockchain enthusiasts go between different venues. High schools are also going to be giving away bitcoin at this airdrop. Sunrose Billing, the director of BEN’s high school network, said in a statement to Bitcoin Magazine that “blockchain [technology] and cryptocurrencies are really taking off and will absolutely continue to grow at a rapid pace. That’s clear when you see teenagers day trading, analyzing macro landscapes and taking the time to educate themselves about innovation in this space in their spare time.” Billing plans to airdrop bitcoin to his friends at University of Toronto School, a high school in Toronto, and he expects that many of his friends at other high schools will join this year’s event. The title sponsor of the event is bitJob, a decentralized marketplace based on blockchain technology that connects students with part-time work. BitJob has already partnered with many of the blockchain clubs at the participating campuses of the airdrop, including McGill University and the Richard Ivey School of Business, that have agreed to seed the marketplace with the first students looking for work on projects that can help them become fully employed in the blockchain industry. “It is a true honor to be sponsoring the 2017 Blockchain Education Network’s Global Bitcoin Airdrop across university campuses. BitJob shares a similar mandate with BEN to empower students and give them the necessary tools to compete in today’s marketplace. This year’s event is shaping up to be the largest ever as the popularity of Bitcoin and [b]lockchain [technology] continues to rise globally,” said Dror Medalion, co-founder and CEO of bitJob, in a statement to Bitcoin Magazine. The airdrop is being supported by blockchain media firms Blockchain TV and BTC Media, digital identity startup DIID and blockchain consulting and development firm MLG Blockchain. “I am very excited to be a sponsor in this year’s Blockchain Education Network’s global Bitcoin Airdrop 2017. BEN is a driving force behind empowering the youth of tomorrow, which makes for a great story to tell!” said James Gonzalez, co-founder and CEO of Blockchain TV, in a statement. The post Eleven Global Cities to Participate in Bitcoin Airdrop 2017 appeared first on Bitcoin Magazine. |
AMD is slipping ahead of earnings (AMD)
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Business Insider, 1/1/0001 12:00 AM PST
Wall Street is generally bullish ahead of AMD's second-quarter earnings report on Tuesday, with most analysts rating the stock a neutral or buy, according to Bloomberg. However, shares are trading down about 0.5% at $14.12 a piece. Analysts are expecting earnings of $0.001 per share on revenue of $1.16 billion, according to data from Bloomberg. The company has beat on earnings estimates in the last seven quarters, topping estimates by an average of 106.82% over that period. For the first quarter, AMD lost $0.04 per share as revenue rose 18.3% year-over-year to $984 million. Higher demand for the company's low-cost Ryzen CPUs helped drive the growth, according to CEO Lisa Su. The company has been riding the wave of increased demand for its graphics processing units due to the rising popularity of cryptocurrency mining. Ethereum and Bitcoin have been in the headlines with their explosive growth this year. AMD has sold out of its GPUs at several points this year because cryptocurrency enthusiasts are buying all the cards they can to better their machines and grab a larger share of the growing currencies. AMD is facing steep competition from its main rival Nvidia. Its rival is not only taking over traditional GPU businesses like data center acceleration, but is also placing its highest performing chips in the hands of top researchers and car companies, sometimes for free in a move to outpace the competition. Millennials, who have been one of the most bullish groups, are selling AMD shares ahead of its earnings. According to data from Robinhood about users of its app, millennial investors are selling the stock 7% more frequently than they are buying it. AMD is up 24.49% this year. Click here to watch AMD's stock price live...
Join the conversation about this story » NOW WATCH: An economist explains the key issues that Trump needs to address to boost the economy |
Australian Bitcoin Exchange Raises $815k in Series A Funding
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CoinDesk, 1/1/0001 12:00 AM PST An Australian bitcoin exchange has reportedly raised $815k in Series A funding. |
MOELIS: The rise of Amazon is going to drive a surge in dealmaking (MC)
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Business Insider, 1/1/0001 12:00 AM PST
“There’s a fundamental need to rationalize that people want to get larger to fight online, to fight Amazon in retail specifically,” founder and chief executive Ken Moelis told investors on a conference call Monday afternoon. Moelis said that there would be both acquisitions and restructuring activity in the retail sector, though he said he didn't think advising on restructuring in the retail sector would be as big an opportunity as advising on similar work in the energy sector. "There's a lot of restructuring going on in the retail business," he said. "But a lot of those are smaller companies who are just kind of closing stores and shutting down in some cases." Americas M&A volume was muted during the first half of 2017, coming in flat compared to the first half of 2016 with $892.5 billion in activity, according to Thomson Reuters. However, Amazon's $13.7 billion deal for Whole Foods has had a ripple effect across sectors, forcing CEOs across corporate America to wonder whether they are Amazon proof. For the first half of 2017, Moelis & Co reported revenue of $345 million — 34% higher than the same period last year. The firm will also pay a quarterly dividend of $0.34 per share next month. Moelis & Co. has advised on many large deals in the past decade. Just after the firm’s founding in 2007 it advised Hilton on its $26.5 billion sale to The Blackstone Group, Anheuser Busch’s $61.2 billion sale to InBev, and most recently, Tribune Media Company’s pending $6.6 billion sale to Sinclair Broadcasting Group. Since its last earnings report, the firm has hired several new managing directors, both domestically and in the UK, to focus on fintech and industrial tech, two areas Moelis noted were “highly active.” “Fintech has been a part of where we want to have been for a long time,” Moelis said. “It’s very active and there’s a lot of companies in it.” Shares of the firm rose 7% following the earnings beat. Join the conversation about this story » NOW WATCH: HENRY BLODGET: Tech market is nowhere near the dotcom days |
Wall Street boutique investment bank American Express Brings Credit Card Buying to Bitcoin App Abra
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CoinDesk, 1/1/0001 12:00 AM PST Abra users can now buy bitcoin with American Express credit cards, a move that diversifies its available payment options. |
What's Left Before SegWit Goes Live? Bitcoin's Path to More Capacity
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CoinDesk, 1/1/0001 12:00 AM PST How far away is bitcoin from a capacity upgrade? While technical progress is being made, things are far from set in stone. |
GOLDMAN SACHS: Bitcoin may need 'another few swings' before making a run at record highs
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Business Insider, 1/1/0001 12:00 AM PST
According to Sheba Jafari, the head of technical strategy at Goldman Sachs, bitcoin "may need another few swings" before the trend continues. The cryprocurrency's inability to breakout above its June 13 high of $3,000 suggests it is forming a triangle pattern that could see as many as five swings, and a low of $1,786, Jafari writes. But fear not, says Jafari, because a run at record highs is in the cards as bitcoin remains in the fourth wave of a five wave series. "Anything above 3,000 (Jun. 13th high) will suggest potential to have already started wave V, which again has a minimum target at 2,988 and scope to reach 3,691 (the latter being a preferred target as this assumes a new high.)," Jafari wrote in a note to clients sent out on Monday. So far Jafari has been spot on in her analysis. In early July, Jafari suggested bitcoin wouldn't fall too far below $1,857. It fell to somewhere between $1,758 or $1,852 (depending on which data you use). A few weeks earlier, Jafari predicted a big drop was coming after bitcoin hit $3,000. Bitcoin is up 166% so far in 2017.
SEE ALSO: An investing legend is making a killing after putting 1% of his net worth in bitcoin Join the conversation about this story » NOW WATCH: An economist explains what could happen if Trump pulls the US out of NAFTA |
Bitcoin
Bank of America Analyst: Bank Acceptance a 'Crucial Hurdle' for Bitcoin
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CoinDesk, 1/1/0001 12:00 AM PST A new report from US-based Bank of America Merrill Lynch argues that bitcoin will go mainstream once banks start accepting it. |
Bitcoin Hedge Fund Launches Ethereum-Subscribed ICO Investment Vehicle
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CoinDesk, 1/1/0001 12:00 AM PST The operators of a bitcoin hedge fund have launched a $5 million fund for investing in cryptocurrency and initial coin offerings. |
TNT parcels 'backed up to ceiling' in wake of massive cyberattack
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The Guardian, 1/1/0001 12:00 AM PST Customers voice frustration as FedEx-owned courier admits it is struggling to deal with impact of NotPetya attack Parcels are backing up at TNT depots in their thousands after the company admitted it is still struggling to deal with the aftermath of June’s cyber-attack that crippled IT systems around the world. Frustrated customers trying to get news of their undelivered parcels have been told by TNT’s UK staff that consignments at its East Midlands hub are “going up to the ceiling” as international shipments are still having to be processed by hand. Continue reading... |
Bitcoin goes arty
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BBC, 1/1/0001 12:00 AM PST The global art market is not known for tech innovation, so why is Bitcoin proving increasingly popular? |
Paying with Bitcoin? That'll do nicely
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BBC, 1/1/0001 12:00 AM PST Visit the high-end art gallery in London that accepts cryptocurrencies like Bitcoin as payment. |