Wells Fargo ? the third-largest US bank with $2 trillion in assets ? will pay a $575 million settlement after admitting that it systematically scammed its own customers for 15 years. Ironically, the fine comes just months after the banking giant dism
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Paxos Standard Hassling Ethereum Traders Trying to Redeem Stablecoin PAX for Dollars
The source for this article wishes to remain anonymous. He is one of multiple sources this reporter has spoken to recently. All of them are relatively large-scale traders who have used Paxos Standard. They are a group of five traders. They trade in t
(+) 5 Things To Watch Next Week+ChartBook
While we were expecting a wild holiday week in stocks following the extraordinary December, the fact, that one of the most violent short-covering rallies ever happened on a Christmas week (just after the worst Christmas sell-off ever) was still surpr
Cryptocurrency Exchange Kraken Adds Bitcoin Cash and Ripple Margin Trading
Kraken has added Bitcoin Cash (BCH) and Ripple (XRP) to Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Augur (REP), Monero (XMR), and Tether (USDT) bringing its margin trading offering to a total of eight cryptocurrencies. Margin trading of a
Vitalik Buterin Bashes Bitcoin SV and Calls it a ‘Dumpster Fire’
In a series of tweets, Vitalik Buterin, co-founder of Ethereum, made his disapproval of Bitcoin Cash ?Satoshi's Version' (BSV) known, calling the new hard fork of Bitcoin Cash (BCH) a ” pure dumpster fire.? Buterin's comments were m
Bitcoin-Friendly Square Uses App and Algorithms to Issue Business Loans
Payments company Square is moving into new markets by issuing business loans and will soon move to consumer lending. Its data collecting and analyzing algorithms are deciding creditworthiness letting borrowers arrange their loans in a few taps. Accor
Bitmain: Chinese Media Reporting Jihan Wu and Micree Zhan to Step Down
The year is not ending on a good note for Bitmain. The Beijing-based bitcoin mining giant is possibly looking at the resignation of its CEOs Jihan Wu and Micree Zhan, according to Odaily, a Chinese media outlet. The company has not officially confirm
First to Worst: Bitcoin Ridiculed as Most Disastrous Investment of 2018
FinExpertiza, a network of Russian auditing and consulting firms, has lambasted Bitcoin as the least profitable investment instrument in 2018. Russian newspaper Rossiyskaya Gazeta requested a report on the investment ranking of 14 instruments from Fi
UBS Director Blames Trump White House for Dow Jones Sell-Off
Art Cashin, managing director of trading floor operations for investment firm UBS Financial Services, has firmly blamed United States President Donald Trump for the stock market volatility that caused the recent Dow Jones Industrial Average sell-off.
Expert: How Bitcoin Can Help 4 Billion People in Authoritarian Countries
Bitcoin can help 4 billion people around the world living in authoritarian countries, according to a new essay from Human Rights Foundation Chief Strategy Officer Alex Gladstein. And there are few countries as receptive to cryptocurrencies as Venezue