Berkshire Hathaway has moved into defensive stocks as stakes in recession-prone companies were cut. Warren Buffett’s heavy exposure to financials is now lower. Charlie Munger recently warned of “lots of troubles” ahead for the economy. Warren Buffett’s most recent stock purchases point to growing concerns that an economic downturn is right ahead. A Feb. 14
FCoin, a crypto exchange that adopted the controversial “trans-fee mining” model, has paused trading and withdrawal as it reveals a shortage of crypto assets worth up to $130 million. Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process
Since January 23, the lockdown of the Hubei region, the number of confirmed cases of coronavirus surpassed 71,000 in mainland China. Despite strict measures from the government such as household quarantine, the virus outbreak is showing little signs of slowing down. Data from the South China Morning Post indicates 1,775 individuals have passed away due
Blockchain startup Conflux has hired Eden Dhaliwal, the former head of crypto at Outlier Ventures, as a managing director to lead its expansion in North America. The Beijing-based firm is set to open an office in Toronto within two weeks. It is assembling a ten-person team to conduct research and seek local investors and business
Dak Prescott’s contract negotiation is important, but it’s not the only challenge facing the Dallas Cowboys this offseason. From Amari Cooper to Byron Jones, the Cowboys face major questions before free agency arrives. The Cowboys absolutely need Prescott, but not if his enormous salary demands brutalize the rest of the roster. You could easily make
Viktor Bunin is a protocol specialist at Bison Trails, a company that offers one-click access to various blockchain nodes. While the number of Bison Trails users is, according to Bunin, headed “up and to the right,” he addressed concerns with Libra and the recent drop-out of major banking and business players. In short? He’s not
Greta Thunberg is getting her own TV show. Thunberg is a very modern celebrity. Like Kim Kardashian, she’s famous for doing absolutely nothing. Unless you count complaining. We learned this week that Greta Thunberg is getting her own television show. It will be a documentary about her “extraordinary” life as the face of climate change
Privacy is a hot topic for legislators all over the world. Democractic presidential candidates have privacy laws and regulations in their campaign platforms. Amy Klobuchar discussed a tax on companies who share user data. Elizabeth Warren has introduced legislation that considers the idea of jail time for CEOs over privacy failures. Before he dropped out
The Trump administration declared India a developed country, which means it will lose all the benefits it used to receive under the Generalized System of Preferences scheme. India’s Prime Minister Narendra Modi was planning to turn the country into a $5 trillion economy by 2024. The Trump administration’s decision delivered a deathblow to those plans.
CoinDesk Head of Research Noelle Acheson joins the Amun State of Crypto crew to discuss the advantages, disadvantages and eccentricities of crypto markets, exchanges, settlement and more. In this deep-dive conversation, the group discusses the differences in the market microstructure between the crypto asset industry and traditional capital markets. The guests drew from their experience
YouTube star Logan Paul is quite the boxing draw, generating over 1 million PPV buys and $3.5 million in gate receipts for his bout with KSI. Eddie Hearn, who promotes Anthony Joshua, claims to have made a few offers to Antonio Brown for a money-spinning bout with Paul. The YouTube celebrity is losing patience with
Decentralized finance (DeFi) project bZx has suffered an attack in which a hacker successfully gamed multiple DeFi protocols to extract $350,000 from the platform, about 2 percent of the assets under management. In response, the company took down its lending and trading protocol Fulcrum at 7 AM UTC. The company was presenting at ETHDenver during
Warren Buffett underperformed the stock market by 20 percentage points in 2019. His classic ‘value investing’ strategy is no longer effective in this new financial market. The rapid rise of innovation and growth stocks like Tesla usher in a new era of investing methodology. For decades, Warren Buffett has been the king of investing. But
Lindsey Barrett, a staff attorney at Georgetown Law, does not hold back when she sees bad actors in the tech space. She recently vehemently opposed the Sprint-T-Mobile merger in Slate, warning that “further consolidating an already anti-competitive sector” would make “it easier for those companies to gouge their customers.” Social media companies are making our
Clearview AI can create an in-depth profile on any person based on a single photo. Everything from that person’s activities and interests to their network of friends is easily accessible via the Clearview database. The police say the tech is “the biggest breakthrough in the last decade,” and the privacy concerns that raises are alarming.
The U.S. Commodity Futures Trading Commission (CFTC) is suing an alleged Ponzi scammer on claims he and his company raised half a million dollars for cryptocurrency investments, which instead went to personal uses. According to a press release, Breonna Clark, otherwise known as Eliot Clark or Alexander Pak, and his firm Venture Capital Investments Ltd.
PewDiePie isn’t exactly the smoothest guy on Earth. But couldn’t Felix not be weird, just once all year, for Valentine’s Day? Instead Kjellberg had to go and make Cupid’s birthday all about his weird obsession with aquariums. Poor Marzia! PewDiePie’s wife posted Instagram photos of her weirdest Valentine’s Day date ever with Felix. Nothing says
Bitcoin investors speculate the upcoming halving could send prices skyrocketing to $90,000 or higher. To the operators of high-speed computers used to mine for bitcoin, the halving looks more like a doubling — of costs. In a new report, the crypto-focused research firm TradeBlock estimates the average cost to mine a single bitcoin (BTC) could
Royal fans are going wild over an edition of British Vogue with the cover guest-edited by Meghan Markle. After the edition flew off shelves, Markle celebrated with an Instagram video of herself calling the cover models to congratulate them. Meghan’s concept features 16 women who are “Forces for Change.” But she doesn’t include a single
An Indian cryptocurrency exchange has partnered with Malta-based trading platform OKEx to offer futures products specifically for the subcontinent market. Mumbai-based CoinDCX announced Friday that it had formed a strategic partnership under which OKEx will help it develop a new derivative facility – known as DCXfutures – in return for providing OKEx with a foothold