By CCN Markets: What could possibly bring the U.S. Securities and Exchange Commission together? Elon Musk it seems! Late Sunday, the tech billionaire posted a tweet saying ‘just deleted my Twitter account’. This came after an intense weekend during which Musk was heavily criticized for posting an image created by an anime artist without giving due credit. However, it was not clear whether Musk was playing a prank as his Twitter account was still visible several hours after announcing the move. Elon Musk Goes on a Twitter Rage with Anime Artists Musk’s weekend roasting came about after he posted artwork
Lou Kerner, a partner at crypto-focused venture capital firm CryptoOracle, believes a long-term investment horizon for Bitcoin will yield the best results, comparing the latest price action to that of Amazon (AMZN) during the dot-com bubble in the early 2000s. During a recent interview on CNBC, Kerner drew a comparison between Amazon’s drop from $ 300 to […]
An Entrepreneur who has been under siege by the United States and New Zealand governments since the 2012 closure of Megaupload, Kim Dotcom, has said that USD is in an irreversible death spiral due to the federal debt in the United States.
Dotcom has specifically mentioned the federal debt in America which has been quickly increasing due to the budget situation seemingly getting worse. From the late 90s to the early noughties, the said debt was relatively steady in the 5.5-5.8 trillion USD range but ever since 9/11 in 2001 and the beginning of a global war on terror, the US debt rose to 7 trillion USD by the early months of 2004. In Iraq, the conflict became a war of attrition and to fund this, the debt went even further up to 9 trillion at around the start of 2008.
Now that the cryptocurrency market has pulled back roughly 80% from its all-time highs, the mainstream media has begun making the comparisons between the blockchain industry and the infamous dot-com bubble that saw worthless internet companies like Pets.com raise hundreds of millions of dollars before the market collapsed. A recent article by Bloomberg titled “Crypto’s […]