By CCN Markets: CNBC’s Thursday morning got off to a hilarious start thanks to an interview with billionaire Leon Cooperman. The hedge fund investor said the stock market is “in a zone of fair value.” Just How Overvalued Is the Stock Market? It isn’t a good idea to criticize a guy who has far more money than most people, but there’s a degree of insanity associated with a claim that the stock market is anywhere close to being valued properly. On virtually every metric, the stock market is impossibly valued. The most glaring metric is the Shiller P/E Ratio. This
Burned Crypto Investor Claims Bittrex Keeping $100K in BCH/BSV Mix-Up
By CCN Markets: Imagine you sent $ 100,000 worth of Bitcoin Cash (BCH) somewhere. Then you opened up Bitcoin SV (BSV) and accidentally sent another $ 100,000 SV to that same address. Then you find it is locked up. That’s alright. You know the holder – an exchange. Surely an exchange won’t just hijack that amount of funds? All of the above is very close to what happened, according to a source writing to CCN and elsewhere. The exchange in question is not a Russian backwater operation or something you’ve never heard of – it is Bittrex. A $ 100,000 Crypto Mistake Here’s
Red Robin Investor Eyes Beyond Meat’s Gains, Seeks Burger Joint Buyout
By CCN Markets: For all the hype over Beyond Meat’s IPO and insane rising stock price, Red Robin, a good old-fashioned burger chain, soared roughly 30% on Thursday. One of its institutional investors would like to see the company sell itself. Buyout Offer Red Robin Gourmet Burgers received a letter from Vintage Capital demanding that the company consider selling itself to the private equity firm. Vintage Capital owns about 11% of Red Robin and thus carries considerable weight. Considering Vintage Capital appears to offer $ 40 per share for Red Robin, shareholders may be hard-pressed to turn down that buyout offer.
Binance IEO Coins See Massive Surge in Investor Interest
Binance’s initial exchange offering (IEO) platform, the Binance Launchpad, has quickly caught on in the wake of several successful offerings, helping drive the price of Binance Coin (BNB) to new all-time highs. The Launchpad enables select projects to stage token sales, where qualifying investors are able to purchase the tokens before they are available to the […]
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Lawsuit Claims Blue Ocean Capital Duped Investor Into Buying $2M Worth of MCash
There’s never any shortage of financial scams perpetrated against those unfamiliar with the asset class and the latest scam allegedly involves a virtually unknown cryptocurrency called MCash Tokens. According to a February 1 legal filing, plaintiff Lijun Sun, a citizen of China and resident of California, transmitted a total of $ 2,000,020.93 to Blue Ocean Capital Group, Inc., […]
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TD Ameritrade: Discount Bitcoin Has Piqued Investor Interest in Crypto Futures
In a late December video that was just posted on YouTube this week, TD Ameritrade Manager of Trading Strategy Shawn Cruz told Nasdaq TradeTalks that TDA clients had regained interest in Bitcoin following its dive below $ 4,000. TD Ameritrade Says Clients are Growing More Interested in Trading Bitcoin Cruz said: I’d say that whole space is really in its infancy right now. It makes sense you’re going to see a lot of volatility there. It’s really driven by sentiment. There’s a lot of players coming into this space experimenting with different use cases. But right now I think Bitcoin
235 DApps and $3.5 Billion in Transactions: Prominent Crypto Investor Sees EOS [and TRON] ‘Crushing it’
By CCN.com: Brock Pierce, a co-founder of Blockchain Capital, a major venture capital firm that focuses on the crypto sector, has said that EOS and TRON are thriving based on the number of decentralized applications (DApps) and active users on the two smart contract blockchain protocols. In the past year, as alternatives to Ethereum (ETH),
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‘If Humanity Was The Market, You Would Go Short Now’: Legendary Investor Pledges $1 Billion to Fight Climate Change
Stock market investment veteran and co-founder of $ 70 billion fund Mayo Van Otterloo, Jeremy Grantham, has pledged to spend 98 percent of his net worth – approximately $ 1 billion – on what he sees as a race against the ticking time bomb of humanity’s fragile deal with the environment. Bloomberg reports that through his foundation, Grantham and
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VC Investor Tim Draper Made $89M From His Bitcoin Investment in 5 Years
Billionaire venture capital investor Tim Draper has made $ 89.1 million from his Bitcoin investment in less than five years. In 2014, Tim Draper purchased a bulk of 30,000 BTC from the U.S. authorities in an auction. He outbid all participating investors by paying $ 632 per Bitcoin, with a slight premium. The $ 18.96 million he spent
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Bitcoin Investor Who Lost $1 Million: Crypto Still ‘a Force for Good’
A bitcoin investor who lost $ 1 million in the bear market still believes the original cryptocurrency is a “force for good.” However, Peter McCormack warns others to be more careful with their money. “I wish I had taken everything out before the bubble burst,” McCormack wrote at the Guardian. “I have earned money in the
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Investor: Bitcoin is Undervalued, Individuals Building on it Will Lead to Recovery
Over the last 48 hours, following a large loss on Christmas, the Bitcoin price has recovered back to around $ 4,000. The dominant cryptocurrency, which still holds a market valuation of over $ 64 billion, has demonstrated wild volatility in a wide price range from $ 3,100 to $ 4,300 throughout December, struggling to recover to November levels. Last
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Former Wall Street Investor: Big Chance Crypto is Best Performing Asset in 2019
Travis Kling, a former Point72 Asset Management executive, a hedge fund that oversees $ 12.4 billion in assets, said that there is a big chance crypto becomes the best performing asset in 2019. The Ikigai Fund founder made the case that cryptocurrencies were never present during a proper bear market in traditional finance and the decline
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Investor: Binance is Most Trusted Crypto Exchange Despite Light Regulation
Su Zhu, the CEO of FX hedge fund Three Arrows Capital, has said that Binance, the largest crypto exchange in the global market, is also the most trusted among investors within the digital asset community. Citing a poll ran by a small cryptocurrency exchange, Zhu said: Interesting that @binance, a lightly regulated exchange, has also
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ICO Market is Dead: Crypto Investor Barry Silbert
The ICO market is dead, but that won’t hamper the inevitable growth of the cryptocurrency market, says Barry Silbert, the founder of crypto investment fund Digital Currency Group. Silbert said the frenzy for initial coin offerings in 2017 fueled the meteoric spike in bitcoin prices, but now the ICO market has been decimated, resulting in
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Investor: Bitcoin Price Not Escaping $5,000 For 3 to 6 Months in Crypto Winter
According to Vinny Lingham, the CEO of Civic, the crypto market and Bitcoin could suffer from their bearish trend for at least three to six months. The $ 3,000 support level has been quite strong Lingham said and in the short-term, the $ 3,000 support level will likely be maintained with buy orders being set in the
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Investor: Value of Crypto Dropped, But Ecosystem and Industry are Growing Rapidly
In the past seven days, the valuation of the crypto market dropped from $ 184 billion to $ 138 billion, by more than $ 46 billion. The cryptocurrency market experienced one of the worst weekly sell-offs in all of 2018, and the prices of major digital assets like Bitcoin have dropped by around 75 percent to 85 percent
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VC Investor Outlines 3 Major Factors Behind $65 Billion Crypto Market Wipeout
Chris Burniske, a Placeholder Management partner, said that the US stock market retracement, sell-off of Ethereum, and the Bitcoin Cash hard fork were the three major factors behind the recent crypto wipeout. In the past seven days, more than $ 65 billion has been deleted from the cryptocurrency market as every major cryptocurrency including Bitcoin (BTC),
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51% Attack? Bitcoin Wins Ron Paul Investor Poll [Again]
Former congressman and presidential candidate Ron Paul enjoys a wide fanbase on social media and among latter generations who have an interest in pro-liberty changes to governmental policy. He is famed for his positions on issues ranging from abortion and marijuana to business regulation, and he famously authored a book which aligns with the philosophy
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Investor Lawsuit Brought Against AT&T, T-Mobile for SIM Swapping Hacks
Leading cryptocurrency investor law firm Silver Miller Law has filed suit against cell phone giants AT&T and T-Mobile on behalf of several digital asset investors who were victims of the identity-theft tactic known as “SIM swapping.” The suit alleges that both companies possessed flaws in their security systems and failed to properly train their employees to work against hackers seeking to gain access to users’ smartphones.
Leading VC Investor: Dismissing Crypto is Like Dismissing Internet in 1993
Benedict Evans, a general partner at Andreessen Horowitz (A16Z), one of the most successful venture capital firms in the world, has said that crypto is quite similar to the internet in 1993. As with any other emerging technology or market, the cryptocurrency space has seen a large number of failed projects and scams over the
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