Silver as an investment

Category Archives: Financial technology

LFIN Crashes After-Hours When CEO Admits “We Don’t Deserve This Market Cap”

Update: Much to his credit, Venkat Meenavalli, the CEO of LongFin ventured onto CNBC's FastMoney tonight to explain the exponential rise and somewhat shady acquisition strategy of his company. Amid an increasingly rapid eruption of words and rising volume, Meenavalli seemed to struggle to convince the Fast Money skeptics that what he did was above-board, […]

As Bitcoin Surges To New Record Highs, 5 Lessons For Every Crypto Investor

Once again the stories of the death of Bitcoin appear to greatly exaggerated. image courtesy of CoinTelegraph Overnight Asian demand sent the cyrptocurrency to a new record high at $17,934 (Bitstamp). Ethereum is off from its $750 highs, but rallying again today… Today's preice action in ETH and BTC show the ususual trade-off… And while […]

EU SMBs Can Benefit from Smart Financial Regulation

In the aftermath of the 2008 financial crisis, countries all over the world suffered dire consequences. The irresponsibility of the globe’s biggest banking institutions, institutional investors, regulators, and consumers plunged economies in the United States, Europe, and Asia into a panic. The blame lies with those who exercised poor judgment in their creation and sale […]

One River’s CIO: “Not Since The Housing Bubble Has Society Succumbed To Such Financial Hysteria”

Following the first excerpt from the latest weekend note by One River’s prolific CIO, Eric Peters, in which the hedge fund manager discusses the outer limits of speculation, and why there is no such thing as “this time will be different” in markets, he also had some notable observations on why of all the asset […]

UK Banks Too Scared Of Regulator To Open Accounts For Crypto Companies

Want to set up a company to trade cryptocurrencies in the City of London. Forget about it. Lloyd Blankfein tweeted about spending more time in Frankfurt, now London is shunning the fastest growing sector in finance. From the FT British banks are shunning companies that handle cryptocurrencies, forcing many to open accounts in Gibraltar, Poland […]

Bitcoin Tops $5800 – Up Over 20% Today Amid China Rumors

Update: Bitcoin has now topped $5800 amid unconfirmed rumors that China will restore cryptocurrency trading (perhaps in a more regulated environment) following the forthcoming National Congress. As it seems the rest of the crypto space is being sold to fun BTC buying…   *  *  * Having smashed through the old record high this morning, […]

Why Is Amazon Meeting With Banking Regulators?

While the financial media has been preoccupied with the idea that the banking business is at risk of being “Amazon’d” by the blockchain, the banks themselves are worried about being “Amazon’d” by…well…Amazon… Or at least they should be, as American Banker’s Lalita Clozel explains in a piece tracing large tech companies’ attempts to forge ties […]

How One Trader Made Billions With Ethereum, And What He’s Doing Next

Former Fortress Principal Michael Novogratz left the firm's colossal macro hedge fund almost two years ago, but has been discussing investments in virtual currencies since 2013 when he told a UBS conference… "Put a little money in Bitcoin…Come back in a few years and it’s going to be worth a lot." He was of course […]

Gold Smuggling Surges: Man Caught “Walking Suspiciously” With 1 Kilo Bar In Rectum

Authored by Simon Black via SovereignMan.com, Earlier today in Sri Lanka’s Colombo International Airport, a passenger was arrested by local authorities and found to have stuffed nearly $30,000 worth of gold into his rectum. That’s nearly 1 kilogram of gold. In his ass. The gold had been carefully wrapped in plastic and included four small […]

China’s ICO Crackdown Boosts Hong Kong’s Hopes Of Becoming Blockchain Hub

China’s decision to shutter digital-currency exchanges based on the mainland, a strategy meant to extinguish the rampant fraud and abuse associated with initial coin offerings, or ICOs, is brightening Hong Kong's hopes of asserting itself as a hub for blockchain technology. As Bloomberg reports, while China has at least nominally embraced blockchain technology – even […]