• Elon Musk posted a picture showing Tesla's electric semi-truck before it set out on its first cargo delivery on Wednesday.
• The Semi was unveiled in November and wowed observers with its specs, like a range of 500 miles per charge.
• Since November, a number of major companies have ordered Semis, including Pepsi, Walmart, and Anheuser-Busch.

Tesla's electric semi truck, the Semi, impressed observers when it was unveiled in November. CEO Elon Musk had hinted that the truck's specs would top analyst expectations and delivered with a truck that's fast (it can accelerate from 0-60 mph in five seconds without a trailer attached), efficient (it boasts 500 miles of range per charge), and stylish. 

The Semi won't go into production until 2019, but what appear to be prototypes of the truck have popped up near Tesla's headquarters in California. And on Wednesday, Musk posted a picture of the Semi in an Instagram post before it set out to make its first delivery. 

According to Musk, the trucks were making their "first production cargo trip," transporting battery packs from Tesla's Gigafactory in Sparks, Nevada to the company's car-assembly factory in Fremont.

Since November, a number of major companies have ordered Semis, including Pepsi, Walmart, and Anheuser-Busch. But while big-name customers could quicken Tesla's entrance into the trucking industry, they'll likely put more pressure on Tesla to hit production deadlines than the over 400,000 Model 3 reservation holders.

Semi customers will also expect Tesla to hit the impressive specs the company announced in November. The most important feature is the truck's 500-mile range per charge, which some competitors have claimed is impossible and analysts have said will rely on improvements in battery technology between now and 2019.

The Semi will be able to accelerate from 0-60 mph in five seconds without a trailer and in 20 seconds while carrying 80,000 pounds of cargo. The cabin features a unique design made possible by the lack of a diesel engine. Drivers will be positioned in the center of the vehicle to increase visibility and have enough room to stand in the cabin.

Like Tesla's consumer cars, the Semi will have the company's Autopilot software, which will allow the truck to brake and stay in its lane without driver input. Musk envisions Semis eventually moving in semi-autonomous convoys, which would save fuel costs by reducing wind resistance for some of the trucks.

SEE ALSO: Tesla fans can win a chance to drive its electric Semi before anyone else — here's how

Join the conversation about this story »

NOW WATCH: Goldman Sachs investment chief: Bitcoin is definitely a bubble, Ethereum even more so

The St. Petersburg City Court on Tuesday canceled a decision of the court of first instance to block Internet sites that post information about bitcoin, the joint press service of the city courts reported, according to Russia Today. The regulation of bitcoin and cryptocurrencies continues to draw conflicting actions among Russian government officials. In May,

The post St. Petersburg Court Overturns Ruling to Block Bitcoin-Related Websites appeared first on CCN

This article originally appeared on Bitcoin Magazine.

This article originally appeared on Bitcoin Magazine.

Bitmain CEO Jihan Wu said the bitcoin mining hardware giant intends to invest in as many as 30 startups working to create "private central banks."

 Welcome to another rollercoaster day for the cryptocurrency community. In just a few minutes, bitcoin price crashed from $10,740 to $9,690, which represents a 10.8 percent crash. As always, it’s a bit hard to know for sure what’s happening. But one company in particular is having a bad day. Cryptocurrency exchange Binance has spotted some unusual activities and halted… Read More

Cryptocurrencies are not the easiest of topics to get your head around, but one of the most confusing aspects is "mining." What is Bitcoin mining? It's a big part of what helps the cryptocurrency work as intended.

Several traders at popular cryptocurrency exchange Binance are reporting that the platform executed unauthorized orders through their accounts, triggering a 400 percent pump for lesser-known altcoin Viacoin. On Wednesday, Binance users began flooding the exchange’s Reddit page with reports that their accounts had executed unauthorized buy and sell orders. “WTF is happening!,” one exasperated user

The post Binance Users Report Unauthorized Transactions Linked to Viacoin Pump appeared first on CCN

• Shares of AMD (Advanced Micro Devices) jumped as much as 5% Wednesday as unconfirmed takeover rumors circulated around Wall Street, Bloomberg reported.
• It's not the first time the semi-conductor stock has jumped on takeover rumors. Shares spiked on similar reports in October 2017 which turned out to be false.
• A growing proportion of revenue for all semiconductor companies, AMD included, is coming from cryptocurrencies. As the prices of bitcoin and other digital currencies have ebbed and flowed, so too have shares of AMD, Nvidia, and others. 
• AMD is up 11.21% so far this year. Wall Street has an average target of $14.87 for the stock — 20% above Wednesday's prices, according to Bloomberg. 

SEE ALSO: Sign up to get the most important updates on all things crypto delivered straight to your inbox.

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NOW WATCH: The surprising reason why NASA hasn't sent humans to Mars yet

Bitcoin price hit a 10-day low of $9,400 (Bitfinex) as major cryptocurrency exchange Binance froze withdrawals due to “unauthorized market sells.” Bitcoin shed some of its recent gains today, dropping over 10% on the back of rumors that Binance, one of the world’s largest crypto exchanges by trading volumes, has been hacked. “WTF is happening!

The post Newsflash: Bitcoin Price Sinks 10% amid Binance Hack Rumors appeared first on CCN

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.

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Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.

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NOW WATCH: We asked Jamie Dimon why JPMorgan is forming a new healthcare company with Amazon and Berkshire Hathaway — here's what he said

Bitcoin's price fell more than $1,000 on Wednesday, dropping below $9,500 before recovering back above that level.

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. One of the factors driving market adoption in the early days of Bitcoin before there were reliable exchanges and user-friendly wallets was people meeting up in person to

The post Crypto-Activists Experiment with Voluntary Nations appeared first on CCN

• Amazon is reportedly in early talks with banks to launch a checking-account product.
• That's breathing new life into the idea that the company could take on other areas of finance. 

Amazon brings a few things to mind for most users. Today's deals. Gift cards. But could that soon include investments?

Amazon has shaken up industry after industry from bookselling to cloud computing to groceries. It's now reportedly in early talks with banks to launch a checking-account product. And that, as well as the threat of platform companies to big finance more generally, has some wondering whether the tech giant could go head-to-head with Wall Street.

What would happen if Amazon decided to launch a roboadviser, for example? Roboadvisers, a blanket term used to describe automated financial advisers, have become a red-hot market.

It's a question Cynthia Loh, a vice president at Charles Schwab, which manages more than $20 billion in assets through its roboadviser Schwab Intelligent Advisory, has on her mind. She told Business Insider she saw Amazon as a bigger threat to existing roboadvisers than the big banks.

"A Google or Amazon robo would keep me up at night more than Morgan Stanley's new robo," Loh said. 

Betterment, the largest independent roboadviser, launched in 2013 and now has more than $11 billion in assets. Morgan Stanley and Wells Fargo have launched roboadvice platforms. And JPMorgan and Goldman Sachs are expected to launch their own robos shortly.

Business Insider Intelligence estimates that 10% of all global assets, or $8 trillion, will be managed by robos by 2020. That would be up from $200 billion in 2016.

But despite the proliferation of providers, roboadvisers by and large all do the same thing: build a portfolio out of exchange-traded funds. The key differentiator is the user experience and the ability to scale, according to David Goldstone of BackEnd Benchmarking, the analytics firm behind the roboadviser tracker The Robo Report.

"I think an Amazon robo would be compelling," he told Business Insider.

"I could see an Amazon product doing well among those people who have never invested before," Goldstone added. "It doesn't have the rich experience of capital markets that Schwab and Morgan Stanley has, but in a passive world a rich legacy in investing and capital markets is not so important."

Customer acquisition, which is one of the most significant costs for roboadvisers, would be close to zero for Amazon. That's because it could use its massive e-commerce platform, which is used by hundreds of millions of people, to push the product. It could be as simple as adding a word to the navigation bar on Amazon's website. 

In the US, a plurality of millennials list Amazon as an app they can't live without, while 73% of millennials say they would be more excited about a new financial-services offering from Google, Amazon, Paypal, or Square than from their bank.

"Amazon and Google have the tech expertise, they have the distribution network, they have this kind of focus on sleek user interface, and people trust them," Schwab's Loh said. 

But just because Amazon could launch a robo, it doesn't mean it would want to. One industry insider told Business Insider the launch of a roboadviser wouldn't fit into Amazon's strategy. 

"Everything Amazon has done in financial-services is connected to one thing: getting people to buy more stuff on Amazon. Checking accounts would get the money from people's pockets to Amazon faster. Loans for merchants get more goods on the site. But it's not clear how a robo-product could get people to spend more on Amazon goods," the person said. 

Still, as JPMorgan chief Jamie Dimon recently noted, Amazon's surprised everyone before. 

"Who thought Jeff Bezos would go into movies?" Dimon asked the audience at JPMorgan's investor day. "And he just gives it away for free to Prime because Prime pays for itself and he's just trying to make you a happy Prime customer."

He added: 

"That's why when we do online investing, we're going to be thinking about 'How are we going to add that to the product set in a simple way ... that the customer wants, so that they'll say 'I love this.'' Remember, if you're a great client, we can do it for free."

Maybe Amazon could do the same. 

SEE ALSO: 8 'Amazon-proof' businesses that are defying the retail apocalypse

Join the conversation about this story »

NOW WATCH: Goldman Sachs investment chief: Bitcoin is definitely a bubble, Ethereum even more so

Since the creation of bitcoin in 2009, the world of cryptocurrency has seen plenty of drama: huge price increases, followed by sharp drops — all while believers and cynics frequently clash over whether it has a future. 

Still, nearly ten years later, some people have managed to turn an impressive profit on cryptocurrencies like bitcoin, ripple, and ethereum. Some of them are millionaires, and perhaps even billionaires.

As these photos highlight, many of those who profited early from cryptocurrencies are men. Today, it's estimated that 71% of digital coin owners are male. However, there's a concerted effort among many women in tech to actively engage more women in cryptocurrencies and offer resources for those looking to break into the male-dominated culture surrounding it.

While cryptocurrency investors typically lay low and avoid flaunting their earnings out of fear of being targeted, there's a few displays of wealth and luxury that can be glimpsed on Instagram revealing the newly acquired affluence of the crypto nouveau riche.

Here's an inside look into the lavish lives led by people who invested in cryptocurrencies, made their fortunes, and took to Instagram to show it off:

Daniel Colosi first invested in cryptocurrencies in 2017 with a friend. His initial investment of $5000 snowballed into $200,000 in just a few short months.

Instagram Embed:
//instagram.com/p/BfJvM5PB98S/embed
Width: 658px

Source: The Daily Mail

Colosi expects that his cryptocurrency investment will make him a millionaire by 2019.

Instagram Embed:
//instagram.com/p/BTSiye5B4P9/embed
Width: 658px

Source: The Daily Mail

Colosi, a former construction worker, has used some of the cash he made on cryptocurrencies to travel the world. In January, he told the Daily Mail that he has plans to relocate to Thailand.

Instagram Embed:
//instagram.com/p/BOJEUJ7gsfQ/embed
Width: 658px

Source: The Daily Mail

Since the creation of bitcoin in 2009, the world of cryptocurrency has seen plenty of drama: huge price increases, followed by sharp drops — all while believers and cynics frequently clash over whether it has a future. 

Still, nearly ten years later, some people have managed to turn an impressive profit on cryptocurrencies like bitcoin, ripple, and ethereum. Some of them are millionaires, and perhaps even billionaires.

As these photos highlight, many of those who profited early from cryptocurrencies are men. Today, it's estimated that 71% of digital coin owners are male. However, there's a concerted effort among many women in tech to actively engage more women in cryptocurrencies and offer resources for those looking to break into the male-dominated culture surrounding it.

While cryptocurrency investors typically lay low and avoid flaunting their earnings out of fear of being targeted, there's a few displays of wealth and luxury that can be glimpsed on Instagram revealing the newly acquired affluence of the crypto nouveau riche.

Here's an inside look into the lavish lives led by people who invested in cryptocurrencies, made their fortunes, and took to Instagram to show it off:

Daniel Colosi first invested in cryptocurrencies in 2017 with a friend. His initial investment of $5000 snowballed into $200,000 in just a few short months.

Instagram Embed:
//instagram.com/p/BfJvM5PB98S/embed
Width: 658px

Source: The Daily Mail

Colosi expects that his cryptocurrency investment will make him a millionaire by 2019.

Instagram Embed:
//instagram.com/p/BTSiye5B4P9/embed
Width: 658px

Source: The Daily Mail

Colosi, a former construction worker, has used some of the cash he made on cryptocurrencies to travel the world. In January, he told the Daily Mail that he has plans to relocate to Thailand.

Instagram Embed:
//instagram.com/p/BOJEUJ7gsfQ/embed
Width: 658px

Source: The Daily Mail

• Bitcoin plunged as much as 9% Wednesday morning, bottoming out below $10,000 for the first time in over a week, after rumors began to swirl on Twitter and Reddit that major cryptocurrency exchange Binance had been hacked.
• "WTF is happening! Binance just sold all my alts at market ‎rate and I have got just the Bitcoin now," one Reddit user said. "Is it because of account getting hacked or binance ‎bot issue?"
• Other users said they had experienced a similar issue with their cryptocurrencies being sold for bitcoin. 
• A finance representative responded to the thread, saying  "We are investigating reports of some users having issues with their funds. Our team is aware and investigating the issue as we speak. Please remain patient and we will provide an update as quickly as possible."
• You can follow the price of bitcoin in real-time here>>
• This is a developing story...

SEE ALSO: Sign up to get the most important updates on all things crypto delivered straight to your inbox.

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NOW WATCH: What would happen if humans tried to land on Jupiter

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.

Coinbase, the cryptocurrency trading platform, announced Tuesday the launch of an index fund that will allow investors to put money into a basket of four of the largest cryptocurrencies.

The so-called Coinbase Index Fund will give investors access to the digital currencies listed on GDAX, the exchange operated by Coinbase. It will be weighted by market capitalization and will adjust when new coins are added to the exchange.

Here are the current crypto prices:

SEE ALSO: Coinbase just poached a LinkedIn exec to lead an acquisition spree as the firm's first M&A boss

Join the conversation about this story »

NOW WATCH: The science of why human breasts are so big

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.

Coinbase, the cryptocurrency trading platform, announced Tuesday the launch of an index fund that will allow investors to put money into a basket of four of the largest cryptocurrencies.

The so-called Coinbase Index Fund will give investors access to the digital currencies listed on GDAX, the exchange operated by Coinbase. It will be weighted by market capitalization and will adjust when new coins are added to the exchange.

Here are the current crypto prices:

SEE ALSO: Coinbase just poached a LinkedIn exec to lead an acquisition spree as the firm's first M&A boss

Join the conversation about this story »

NOW WATCH: The science of why human breasts are so big

This article originally appeared on Bitcoin Magazine.

This article originally appeared on Bitcoin Magazine.

Mt Gox's bankruptcy trustee has sold $400 million worth of cryptocurrencies in the past few months.

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, Litecoin, and other major cryptocurrencies with the exception of Monero have experienced a decline in value, as the cryptocurrency market fell by yet another $22 billion after a seeing a drop on March 6. Monero Over the past 24 hours, Monero has been the only major cryptocurrency to record

The post Cryptocurrency Market Sheds $22 Billion as Every Major Currency Dips appeared first on CCN

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, Litecoin, and other major cryptocurrencies with the exception of Monero have experienced a decline in value, as the cryptocurrency market fell by yet another $22 billion after a seeing a drop on March 6. Monero Over the past 24 hours, Monero has been the only major cryptocurrency to record

The post Cryptocurrency Market Sheds $22 Billion as Every Major Currency Dips appeared first on CCN

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, Litecoin, and other major cryptocurrencies with the exception of Monero have experienced a decline in value, as the cryptocurrency market fell by yet another $22 billion after a seeing a drop on March 6. Monero Over the past 24 hours, Monero has been the only major cryptocurrency to record

The post Cryptocurrency Market Sheds $22 Billion as Every Major Currency Dips appeared first on CCN

Cryptocurrency brokerage platform and exchange operator Coinbase is launching a cryptocurrency index fund, and yes, you can invest with Bitcoin. Coinbase to Launch Cryptocurrency Index Fund Coinbase President and COO Asiff Hirji announced the new product on Tuesday during an appearance on CNBC’s “Fast Money.” Hirji said that the Coinbase Index Fund — which will

The post Coinbase Launches Cryptocurrency Index Fund, and Yes, You Can Invest with Bitcoin appeared first on CCN

Litecoin is trading in the red today and could see further losses, according to the technical charts.

• The CEO of hacked bitcoin exchange Mt Gox said that discovering he had lost £4.5 billion worth of customer money "felt like I was about to die."
• Karpeles told the BBC that running the bitcoin exchange was a "daily nightmare" and a "constant race."
• Karpeles has been released on bail from a prison in Japan.

Mark Karpeles, the CEO of hacked bitcoin exchange Mt Gox which lost £4.5 billion of its customers' cryptocurrency, described in a new interview what it was like to realise that his exchange had been hacked.

"I would say it's probably very close to like when you're falling from a building," Karpeles told BBC Radio 4's "File On 4" show. "Obviously, the floor [was] getting close. It felt like I was about to die."

Mt Gox was the world's most popular bitcoin exchange, but Karpeles was unaware that hackers had infiltrated the company's servers for over a year and exploited a weakness in order to siphon off bitcoins. Eventually, the hack was discovered in February 2014, and the company eventually went bankrupt, with customers still waiting to receive compensation for their lost bitcoin.

Karpeles said that running the bitcoin exchange, which started as a way to buy and sell "Magic: The Gathering" cards, was a "daily nightmare of dealing with banks, governments, people I never knew existed. Running Mt Gox was basically a constant race."

The CEO was arrested by Japanese police and charged with embezzlement of Mt Gox company money and manipulation of data. The charge is over payments worth £1.7 million, BBC News reported. Karpeles denies the charges and claims the payments were legitimate loans. He has since been released on bail.

Elsewhere in the BBC Radio 4 show, former Mt Gox employee Thomas Glucksmann criticised Karpeles for obsessing over quiche, not bitcoin.

"He had an interesting passion for quiche,"  Glucksmann said. "Quiche as in mushroom and onion quiche, or something ... in the building that we moved to, Mark had also purchased space at the bottom of the building that was going to be the bitcoin cafe. And initially the concept was for that to be a showpiece for bitcoin where you’d come in, you’d buy your coffee with bitcoin."

"But then he actually hired a chef who was a specialist in making quiches. He invested quite a large amount of money in an oven that was specifically built to cook quiche. It's quite a big distraction from the whole story of Mt Gox."

The Wall Street Journal reported in 2014 that Karpeles had spent $35,000 (£25,200) on a Backen pastry oven and $23,000 (£16,500) on a La Marzocco coffee machine for the cafe, which never opened.

Join the conversation about this story »

NOW WATCH: YouTube and Facebook have a serious problem with 'promoted' conspiracies about the Parkland shooting

The Tokyo lawyer and trustee for defunct bitcoin exchange Mt. Gox has disclosed the sale over $400 million in Bitcoin and Bitcoin cash since September 2017. In an announcement [PDF] today, Tokyo District Court-assigned Trustee Nobuaki Kobayashi who is overseeing the Mt. Gox creditors’ claims investigation said he sold approximately $406.6 million (JPY 42,988,044,343) in

The post Mt. Gox Trustee Sells $400 Million in Bitcoin, Bitcoin Cash in 6 Months appeared first on CCN

Here is what you need to know. 

Gary Cohn resigns as Trump's top economic advisor. Cohn’s resignation comes as President Donald Trump forges ahead with his plan to impose tariffs on aluminum and steel imports.

Stock markets around the world are sliding. The Dow Jones industrial average is set to open lower by 350 points, or about 1.4%. Australia's ASX (-1.07%) saw the biggest overnight loss and France's CAC (-0.49%) trails in Europe.  

The US may ramp up restrictions on Chinese imports and foreign investment. The Trump administration is considering imposing an import tax on a range of Chinese goods, from clothing to electronics, and cracking down on Chinese foreign investment in retaliation for the alleged theft of US intellectual property, Bloomberg says.

Bank of America says 2 charts suggest the stock market could soar over the next 2 months.  "Seasonality tends to improve in March and April," Stephen Suttmeier, a technical research analyst at BAML, wrote in a client note. "The next month with more challenging seasonality is May."

Coinbase just made a big move to tap Wall Street's appetite for cryptocurrency. The cryptocurrency exchange is launching an index fund made up of  62% bitcoin, 27% ethereum, 7% bitcoin cash, and 4% litecoin. 

CVS is borrowing a near-record $40 billion to bankroll a deal that hasn't even been approved. The offering, which will be the third-biggest on record, is being done now because CVS wants to avoid the higher interest rates expected later in 2018.

Boeing just won a major victory over Airbus by poaching one of its key US customers. Hawaiian Airlines canceled its order for six Airbus A330-800neo airliners and has instead placed an order for 10 Boeing 787-9 Dreamliners worth as much as $2.82 billion at list prices.

Coca-Cola is launching its first alcoholic drink. Coca-Cola Japan is launching a Chu-Hi drink, or local beverage made by mixing carbonated water with the spirit shōchū and some flavoring such as lemon or lime, according to the Financial Times. 

Earnings reports keep coming. Abercrombie & Fitch and Dollar Tree report ahead of the opening bell while Costco releases its quarterly results after markets close.

US economic data flows. ADP Employment Change will be released at 8:15 a.m. ET and the trade balance crosses the wires at 8:30 a.m. ET. Lastly, the Fed's Beige Book is due out at 2 p.m. ET. The US 10-year yield is down 4 basis points at 2.85%.

Join the conversation about this story »

NOW WATCH: No one wants to host the Olympics anymore — will they go away?

Here is what you need to know. 

Gary Cohn resigns as Trump's top economic advisor. Cohn’s resignation comes as President Donald Trump forges ahead with his plan to impose tariffs on aluminum and steel imports.

Stock markets around the world are sliding. The Dow Jones industrial average is set to open lower by 350 points, or about 1.4%. Australia's ASX (-1.07%) saw the biggest overnight loss and France's CAC (-0.49%) trails in Europe.  

The US may ramp up restrictions on Chinese imports and foreign investment. The Trump administration is considering imposing an import tax on a range of Chinese goods, from clothing to electronics, and cracking down on Chinese foreign investment in retaliation for the alleged theft of US intellectual property, Bloomberg says.

Bank of America says 2 charts suggest the stock market could soar over the next 2 months.  "Seasonality tends to improve in March and April," Stephen Suttmeier, a technical research analyst at BAML, wrote in a client note. "The next month with more challenging seasonality is May."

Coinbase just made a big move to tap Wall Street's appetite for cryptocurrency. The cryptocurrency exchange is launching an index fund made up of  62% bitcoin, 27% ethereum, 7% bitcoin cash, and 4% litecoin. 

CVS is borrowing a near-record $40 billion to bankroll a deal that hasn't even been approved. The offering, which will be the third-biggest on record, is being done now because CVS wants to avoid the higher interest rates expected later in 2018.

Boeing just won a major victory over Airbus by poaching one of its key US customers. Hawaiian Airlines canceled its order for six Airbus A330-800neo airliners and has instead placed an order for 10 Boeing 787-9 Dreamliners worth as much as $2.82 billion at list prices.

Coca-Cola is launching its first alcoholic drink. Coca-Cola Japan is launching a Chu-Hi drink, or local beverage made by mixing carbonated water with the spirit shōchū and some flavoring such as lemon or lime, according to the Financial Times. 

Earnings reports keep coming. Abercrombie & Fitch and Dollar Tree report ahead of the opening bell while Costco releases its quarterly results after markets close.

US economic data flows. ADP Employment Change will be released at 8:15 a.m. ET and the trade balance crosses the wires at 8:30 a.m. ET. Lastly, the Fed's Beige Book is due out at 2 p.m. ET. The US 10-year yield is down 4 basis points at 2.85%.

Join the conversation about this story »

NOW WATCH: No one wants to host the Olympics anymore — will they go away?

Here is what you need to know.

Gary Cohn resigns as Trump's top economic adviser. Cohn's decision to resign comes as President Donald Trump forges ahead with his plan to impose tariffs on aluminum and steel imports.

Stock markets around the world are sliding. The Dow Jones industrial average is set to open lower by 350 points, or about 1.4%. Australia's ASX (-1.07%) saw the biggest overnight loss, and France's CAC (-0.49%) trails in Europe.

The US may ramp up restrictions on Chinese imports and foreign investment. The Trump administration is considering imposing an import tax on a range of Chinese goods, from clothing to electronics, and cracking down on Chinese foreign investment in retaliation for the alleged theft of US intellectual property, Bloomberg says.

Bank of America says 2 charts suggest the stock market could soar over the next 2 months. "Seasonality tends to improve in March and April," Stephen Suttmeier, a technical research analyst at Bank of America Merrill Lynch, wrote in a client note. "The next month with more challenging seasonality is May."

Coinbase just made a big move to tap Wall Street's appetite for cryptocurrency. The cryptocurrency exchange is launching an index fund made up of 62% bitcoin, 27% Ethereum, 7% bitcoin cash, and 4% litecoin.

CVS is borrowing a near-record $40 billion to bankroll a deal that hasn't even been approved. The offering, which will be the third-biggest on record, is being done now because CVS wants to avoid the higher interest rates expected later in 2018.

Boeing just won a major victory over Airbus by poaching one of its key US customers. Hawaiian Airlines canceled its order for six Airbus A330-800neo airliners and has instead placed an order for 10 Boeing 787-9 Dreamliners worth as much as $2.82 billion at list prices.

Coca-Cola is launching its first alcoholic drink. Coca-Cola Japan is launching a Chu-Hi drink, or local beverage made by mixing carbonated water with the spirit shochu and some flavoring such as lemon or lime, according to the Financial Times.

Earnings reports keep coming. Abercrombie & Fitch and Dollar Tree report ahead of the opening bell, while Costco releases its quarterly results after markets close.

US economic data flows. ADP Employment Change will be released at 8:15 a.m. ET, and the trade balance crosses the wires at 8:30 a.m. ET. The Fed's Beige Book is due out at 2 p.m. ET. The US 10-year yield is down 4 basis points at 2.85%.

Join the conversation about this story »

NOW WATCH: No one wants to host the Olympics anymore — will they go away?

Here is what you need to know.

Gary Cohn resigns as Trump's top economic adviser. Cohn's decision to resign comes as President Donald Trump forges ahead with his plan to impose tariffs on aluminum and steel imports.

Stock markets around the world are sliding. The Dow Jones industrial average is set to open lower by 350 points, or about 1.4%. Australia's ASX (-1.07%) saw the biggest overnight loss, and France's CAC (-0.49%) trails in Europe.

The US may ramp up restrictions on Chinese imports and foreign investment. The Trump administration is considering imposing an import tax on a range of Chinese goods, from clothing to electronics, and cracking down on Chinese foreign investment in retaliation for the alleged theft of US intellectual property, Bloomberg says.

Bank of America says 2 charts suggest the stock market could soar over the next 2 months. "Seasonality tends to improve in March and April," Stephen Suttmeier, a technical research analyst at Bank of America Merrill Lynch, wrote in a client note. "The next month with more challenging seasonality is May."

Coinbase just made a big move to tap Wall Street's appetite for cryptocurrency. The cryptocurrency exchange is launching an index fund made up of 62% bitcoin, 27% Ethereum, 7% bitcoin cash, and 4% litecoin.

CVS is borrowing a near-record $40 billion to bankroll a deal that hasn't even been approved. The offering, which will be the third-biggest on record, is being done now because CVS wants to avoid the higher interest rates expected later in 2018.

Boeing just won a major victory over Airbus by poaching one of its key US customers. Hawaiian Airlines canceled its order for six Airbus A330-800neo airliners and has instead placed an order for 10 Boeing 787-9 Dreamliners worth as much as $2.82 billion at list prices.

Coca-Cola is launching its first alcoholic drink. Coca-Cola Japan is launching a Chu-Hi drink, or local beverage made by mixing carbonated water with the spirit shochu and some flavoring such as lemon or lime, according to the Financial Times.

Earnings reports keep coming. Abercrombie & Fitch and Dollar Tree report ahead of the opening bell, while Costco releases its quarterly results after markets close.

US economic data flows. ADP Employment Change will be released at 8:15 a.m. ET, and the trade balance crosses the wires at 8:30 a.m. ET. The Fed's Beige Book is due out at 2 p.m. ET. The US 10-year yield is down 4 basis points at 2.85%.

Join the conversation about this story »

NOW WATCH: No one wants to host the Olympics anymore — will they go away?

A consortium of 61 Japanese banks, comprising over 80% of the country’s banking assets, are gearing toward the launch of a retail consumer payments app using Ripple blockchain technology. Titled “MoneyTap”, the new smartphone application will enable customers of 61 banks to settle instant domestic transactions in Japan using San Francisco-based FinTech startup Ripple’s blockchain … Continued

The post 61 Japanese Banks Tap Ripple Blockchain Consumer Payments App appeared first on CCN

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. For those looking to earn bitcoin through mining without having to bear the noise, heat, and maintenance of all of the equipment, cloud mining has always been an

The post Premier Cloud Mining Provider Hashflare Slashes Scrypt Contract Rates appeared first on CCN

Bitcoin is looking increasingly heavy and could test the $10,000 mark in the next 24 hours, the price charts indicate.

A group of Japanese banks is planning to use Ripple's blockchain-based payments technology in a smartphone app aimed at general consumers.

Good morning! Here's what you need to know.

1. Gary Cohn, the director of the National Economic Council and President Donald Trump's top economic adviser, is leaving his post at the White House. The move comes after an up-and-down year in the administration that included public spats with the president and a large legislative success in the form of a tax-code overhaul.

2. Royal Bank of Scotland reached a $500 million settlement with New York state to resolve claims over its sale of risky residential mortgage-backed securities that contributed to the 2008 global financial crisis. The deal includes a $100 million cash payment to the state, plus $400 million of consumer relief for homeowners and communities.

3. Ibuprofen is better than opioids at easing the intensity of chronic pain in the back, knees or hips, an experiment suggests. Opioids are no better than over the counter drugs at reducing how much pain interferes with daily activities like walking, working, sleeping or enjoying life.

4. Britain and the EU are closea deal guaranteeing the rights of expatriate citizens after Brexit. The European Parliament's Brexit negotiator, Guy Verhofstadt, made the announcement after meeting Prime Minister Theresa May.

5. Research and development of the next electric Mini will take place in China, BMW board member Peter Schwarzenbauer said. The move will see the German group's first Mini assembly site outside Europe.

6. US consumers have filed a lawsuit against Kobe Steel and Toyota accusing the companies of fraud by concealing the use of sub-standard metal components in vehicles. The issue has been dogging Japan's third-largest steelmaker for nearly five decades.

7. US prosecutors urged a federal judge to sentence former drug company executive Martin Shkreli to at least 15 years in prison for securities fraud. They cited the defendant's lack of remorse and respect for the law.

8. BlackBerry filed a patent infringement lawsuit against social media platforms Facebook Incand its units WhatsApp and Instagram. BlackBerry said Facebook and its companies developed "competing applications that improperly used BlackBerry's mobile messaging intellectual property."

9. Citigroup will launch of a national digital consumer bank sometime within the next three years, its chief financial officer said. "I am not making an announcement right now, but I would be really disappointed if it was anything close to being three years away," CFO John Gerspach said.

10. A German trade union accused by rivals of harboring neo-Nazis has expanded its presence on the works council of a key plant operated Daimler. The Daimler works council at the Untertuerkheim plant in southern Germany last month accused neo-Nazis of using the Zentrum Automobil union as a base, with the aim of turning the factory into a showcase for their views.

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NOW WATCH: Goldman Sachs investment chief: Bitcoin is definitely a bubble, Ethereum even more so

This article originally appeared on Bitcoin Magazine.

Economist Kenneth Rogoff said Tuesday that he expects bitcoin's price will decrease by 2028.

This article originally appeared on Bitcoin Magazine.

• Hawaiian Airlines has ordered 10 Boeing 787-9 Dreamliners worth as much as $2.82 billion at list prices.
• Boeing and Hawaiian also agreed to an option for 10 additional Dreamliners.
• Hawaiian confirmed that it has canceled its order for six Airbus A330-800neo airliners.

Hawaiian Airlines has agreed to order 10 Boeing 787-9 Dreamliners worth up to $2.82 billion at list prices. The airline also announced that it has selected General Electric's GEnx engines to power its fleet of Dreamliners.

"The Dreamliner combines excellent comfort for our guests with fantastic operational performance and will allow us to continue modernizing our fleet into the next decade," Hawaiian's new president and CEO Peter Ingram said in a statement. "It has more seating capacity than Hawaiian’s current wide-body fleet, which will allow us to further build upon our successful growth in Asia."

The Hawaiian order comes at the end of an aggressive and highly contentious sales between Airbus and Boeing. Although small in scale relative to the orders coming from Asia and the Middle East, the Hawaiian order marks a significant victory for Boeing.

As important as selling Dreamliners to Hawaiian Airlines may be to Boeing, the blow it dealt to Airbus' already struggling A330neo is of greater significance.

Years ago, Hawaiian placed an order for six Airbus A330-800neo widebody airliners on order. Even with the prototype gearing up for test flights, it remained the only six orders Airbus had for the plane. On Tuesday, Hawaiian Airlines confirmed to Business Insider that the A330-800neo order has been canceled.

Tuesday order marks a dramatic turn of fortune for Boeing.

Even though Hawaiian flies Boeing 717-200s on routes within the Island, its long-haul fleet is dominated by Airbus. This includes Hawaiian flagship fleet of 24 Airbus A330-200 and an incoming fleet of 16 Airbus A321neos. At the same time, Hawaiian had been expediting the retirement of its Boeing 767-300ER fleet and replacing them with new Airbus aircraft.

Hawaiian and Boeing also agreed to an option for 10 additional 787s, which could push the value of the 20-plane deal past the $5.5 billion. However, it should be noted that it is customary for highly sought after airline customers receive heavy discounts from manufacturers, sometimes at a rate of more than 50%.

The Honolulu-based airline is expected to receive the first of its Dreamliners during the first quarter of 2021.

SEE ALSO: These are the 9 best airlines in America

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NOW WATCH: Goldman Sachs investment chief: Bitcoin is definitely a bubble, Ethereum even more so

• Coinbase announced Tuesday that they will launch an index fund product. 
• The fund will allow accredited investors to invest in a basket of cryptocurrencies listed on GDAX, Coinbase's exchange.

Coinbase, the cryptocurrency trading platform, announced Tuesday the launch of an index fund which will allow investors to put money into a basket of four of the largest cryptocurrencies.

The so-called Coinbase Index Fund will give investors access to the digital currencies listed on GDAX, the exchange operated by Coinbase. It will be weighted by market capitalization and will adjust when new coins are added to the exchange.

The breakdown of the fund is as follows: 62% bitcoin, 27% ethereum, 7% bitcoin cash, and 4% litecoin. Investors can start signing up for the product, but it won't be live for a couple of months, according to a spokesperson for Coinbase. 

The index fund wouldn't be the first one to hit the market. Bitwise Asset Management, for instance, operates a crypto index fund, holding ten cryptocurrencies weighted by market capitalization. 

Coinbase product manager Reuben Bramanathan told Business Insider in a phone interview that the product reflects the growing demand on the part of institutional investors and high-net-worth individuals looking to dive into the market for digital coins, which stands at about $500 billion in value. 

"We are seeing new investors coming to the market because they see an asset that is not correlated and outperforms, but they don't know which ones to buy," Bramanathan said. 

At this point, the product is open to only accredited investors because the company wants to wait on more clarity from the Securities and Exchange Commission on bitcoin-linked financial products, which the SEC pumped the brakes on. 

In a letter signed by Dalia Blass, the SEC's director of the division of investment management, the agency said: "There are a number of significant investor protection issues that need to be examined before sponsors begin offering these funds to investors."

Bramanathan expects there is strong retail demand for an index fund product. 

The move is a slight departure from Coinbase's main business of facilitating trading in the cryptocurrency market. 

But the company's general manager Dan Romero told Business Insider's Becky Peterson that he is trying to build Coinbase into the Google of cryptocurrency. As Peterson pointed out recently, if there is one thing we know about Google, it is that they are always gate-crashing new markets.

SEE ALSO: 3 crypto exchanges are planning to hire more than 1,000 staff — but it's not going to be easy

Join the conversation about this story »

NOW WATCH: A Wharton professor predicts what city Amazon will choose for their new headquarters

• Coinbase announced Tuesday that they will launch an index fund product. 
• The fund will allow accredited investors to invest in a basket of cryptocurrencies listed on GDAX, Coinbase's exchange.

Coinbase, the cryptocurrency trading platform, announced Tuesday the launch of an index fund which will allow investors to put money into a basket of four of the largest cryptocurrencies.

The so-called Coinbase Index Fund will give investors access to the digital currencies listed on GDAX, the exchange operated by Coinbase. It will be weighted by market capitalization and will adjust when new coins are added to the exchange.

The breakdown of the fund is as follows: 62% bitcoin, 27% ethereum, 7% bitcoin cash, and 4% litecoin. Investors can start signing up for the product, but it won't be live for a couple of months, according to a spokesperson for Coinbase. 

The index fund wouldn't be the first one to hit the market. Bitwise Asset Management, for instance, operates a crypto index fund, holding ten cryptocurrencies weighted by market capitalization. 

Coinbase product manager Reuben Bramanathan told Business Insider in a phone interview that the product reflects the growing demand on the part of institutional investors and high-net-worth individuals looking to dive into the market for digital coins, which stands at about $500 billion in value. 

"We are seeing new investors coming to the market because they see an asset that is not correlated and outperforms, but they don't know which ones to buy," Bramanathan said. 

At this point, the product is open to only accredited investors because the company wants to wait on more clarity from the Securities and Exchange Commission on bitcoin-linked financial products, which the SEC pumped the brakes on. 

In a letter signed by Dalia Blass, the SEC's director of the division of investment management, the agency said: "There are a number of significant investor protection issues that need to be examined before sponsors begin offering these funds to investors."

Bramanathan expects there is strong retail demand for an index fund product. 

The move is a slight departure from Coinbase's main business of facilitating trading in the cryptocurrency market. 

But the company's general manager Dan Romero told Business Insider's Becky Peterson that he is trying to build Coinbase into the Google of cryptocurrency. As Peterson pointed out recently, if there is one thing we know about Google, it is that they are always gate-crashing new markets.

SEE ALSO: 3 crypto exchanges are planning to hire more than 1,000 staff — but it's not going to be easy

Join the conversation about this story »

NOW WATCH: A Wharton professor predicts what city Amazon will choose for their new headquarters