Cryptocurrency DeFi100 founders deny allegations they stole $32 million from investors

The team behind cryptocurrency DeFi100 have denied allegations that they have performed an "exit scam" after a notice on the team’s website claimed the founders had stolen $32 million in investments over the weekend......»»

Category: topSource: foxnewsMay 24th, 2021

Trump appeared to admit in a lawsuit that the NYT report on his taxes - which his lawyer had dismissed - is actually true

Trump once said the details of a Times report on his tax affairs were inaccurate. He reversed this stance to sue the paper from a different angle. President Donald Trump at the White House in October 2018. Win McNamee/Getty Images Donald Trump's attorney in 2018 disputed the accuracy of aspects of a Times exposé on his taxes. A new lawsuit makes no arguments about its accuracy but attacks the motives of those behind it. Some see this as Trump conceding that the report was accurate. See more stories on Insider's business page. In 2018, when The New York Times published its bombshell exposé of Donald Trump's tax affairs, the president's attorney Charles Harder issued a broad denial."The New York Times' allegations of fraud and tax evasion are 100% false, and highly defamatory," Harder said in a statement to the publication. "There was no fraud or tax evasion by anyone. The facts upon which The Times bases its false allegations are extremely inaccurate."But in launching a lawsuit this week against The Times and Mary Trump, Trump's niece, over the report, the former president seems to have shifted his position.In the suit, filed on Tuesday in a state court, Trump sued The Times, three of its reporters, and his estranged niece, seeking $100 million.It alleged that they engaged in an "insidious plot" against him in seeking out and publishing information from documents whose contents were protected by a confidentiality agreement.Mary Trump responded to the lawsuit by calling her uncle "a loser," while The Times said the former president was seeking to silence news organizations.In the lawsuit, Trump did not dispute the authenticity of the family financial records and other data that Mary Trump provided to The Times and that the newspaper based its reporting on.Among those pointing out the apparent shift in Trump's claims about the accuracy of the report was NBC's Tom Winter."As far as this lawsuit, I think an interesting thing here, Chris, is that it essentially proves the story," Winter told the host Chris Jansing. "Because if the documents were, in fact, fake, there would be no reason here to sue. The president called this totally fake news when The Times started publishing documents about his tax payments and about his tax returns, so this essentially substantiates their reporting, because otherwise why would you sue and why would you claim damages?"Trump's response at the time was a little more nuanced than Winter's account - in a tweet, Trump did not deny specific claims in the report."The Failing New York Times did something I have never seen done before," Trump said. "They used the concept of 'time value of money' in doing a very old, boring and often told hit piece on me."By referring to "time value of money," Trump seemed to have been claiming that The Times did not take into account how the value of his fortune had changed. But tax experts told NBC News they weren't entirely clear on what Trump was trying to say.A spokesperson for Trump did not immediately respond to Insider's request for comment on whether he now concedes the report was accurate.Trump did issue a more sweeping dismissal last year of The Times' reporting on his taxes and financial affairs, describing it as "totally fake news."The Pulitzer-winning 2018 report was one of a series in which The Times sought to unravel Trump's tax affairs, which he had shielded from scrutiny by refusing to release his tax returns.Read the original article on Business Insider.....»»

Category: topSource: businessinsider2 hr. 53 min. ago

Crypto billionaire Mike Novogratz says bitcoin holding at $40,000 shows the market is in good shape - and recommends buying the dip

Mike Novogratz said investors are still very interested in crypto and that he's not nervous about the recent sell-off. Mike Novogratz is one of the biggest names in crypto. Photo by John Lamparski/Getty Images Mike Novogratz said bitcoin bouncing off $40,000 is a good sign for the crypto market. He said he's not worried about the recent sell-off and that it's a "buy-the-dip" opportunity. Bitcoin and ether fell sharply on Monday as the Evergrande crisis rattled financial markets. See more stories on Insider's business page. Billionaire crypto investor Mike Novogratz has said bitcoin holding firm at $40,000 during the recent sell-off is a good sign for the market, and recommended buying the dip in digital assets.Speaking after cryptocurrencies sold off sharply at the start of the week, Novogratz told CNBC earlier this week that he thought the market remained in good shape. Cryptocurrency prices rallied on Thursday, with bitcoin and ether rising along with altcoins."We held $40,000 overnight in bitcoin and $2,800 in ethereum. I think those are very important levels for people to watch. As long as those hold a think the crypto market is in good shape," he said.Bitcoin rallied 5% to $44,159 on Thursday, according to Coinmarketcap, while ether - the cryptocurrency on the ethereum network - rose 6.4% to $3,122.Yet both remain considerably lower than on Monday, when bitcoin stood above $47,000 and ether was above $3,300. They fell sharply on Monday, with bitcoin testing $40,000 on Tuesday, as worries about Chinese property developer Evergrande shook markets, causing investors to ditch riskier assets.Read more: 3 altcoins to buy: a crypto consultant explains why ether could surge to $15,000 and flip bitcoin, and criticizes one token as an overvalued 'joke'Novogratz said he's not nervous about the declines, however, and said he thinks it's a "buy-the-dip" situation.The crypto billionaire, a former hedge fund boss who founded the digital assets investment firm Galaxy, said he's seeing lots of engagement and activity in the crypto market. He pointed to SoftBank's participation in a $680 million funding round for sports NFT marketplace Sorare.Novogratz said he thought Monday's sell-off was also driven by concerns about regulation in the US. "The market got itself a little too long," he said.Read the original article on Business Insider.....»»

Category: topSource: businessinsider2 hr. 53 min. ago

Three Themes Coalescing – Crescat Capital

Crescat Capital’s commentary for the month of September 2021, discussing the three themes coalescing. Q2 2021 hedge fund letters, conferences and more Dear Investors: Three Themes Coalescing With unsustainable imbalances in the global economy and financial markets today, we see unprecedented opportunities to grow and protect capital in both the near and long term. Crescat […] Crescat Capital’s commentary for the month of September 2021, discussing the three themes coalescing. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more Dear Investors: Three Themes Coalescing With unsustainable imbalances in the global economy and financial markets today, we see unprecedented opportunities to grow and protect capital in both the near and long term. Crescat is focused on investment strategies that offer uncommon value and appreciation potential. We believe that all of Crescat’s strategies offer an incredible entry point today based on the firm’s three core macro themes: China credit collapse Record overvalued US equity market top Flight to safety into deeply undervalued gold, silver, and precious metals miners We have researched and written extensively about these themes over the last several years in our investor letters. In our strong view, these are the three biggest macro imbalances and investing opportunities in the world today. The three themes are coalescing at this very moment before the world’s eyes in a likely financial market collision and Great Rotation. We believe our portfolios will be the beneficiary. Our positioning is contrary to many common investment portfolios in the world today. We think too many are over-weighted in extremely overvalued US growth stocks and FAAMG. Most are unprepared for a China monetary collapse or a US stock market downturn. We think too few are positioned for the inevitable stagflation that our models suggest is ahead. As value investors, we are comfortable accepting a reasonable amount of risk to realize the strong returns that are possible from our macro themes and valuation models. Our investment principles and models give us the confidence that the intrinsic value of our portfolios is significantly greater than the current market price at any given time. The combination of already substantial rising inflation in the US along with a China credit collapse, just as the Fed is attempting to taper, is the catalyst for all three of our themes to begin unfolding now. We are headed for a major shake-up in the world’s financial markets at a time of both historic global debt-to-GDP imbalances and record central bank money printing. A Value Approach Our stance is bold. It is highly analytical, valuation-based, and macro driven. As such we are willing to withstand a moderate amount of volatility as markets undergo a re-pricing to realize the ultimate capital appreciation that is attainable from our views. The confidence in our value-based investment process is what gives us the conviction to withstand higher volatility than the average fund manager. Our investment process uses equity and macro models to ensure that the intrinsic value of our portfolios, through discounted cash flow and relative-value methodologies, is always substantially greater than where the market is pricing them today. It is important that Crescat clients embrace a similar value-oriented and long-term mindset to have the confidence that short-term setbacks in Crescat’s strategies are not a permanent loss of capital. The market price of Crescat’s activist long precious metals holdings has fallen in August and September month to date, affecting the long side of all the firm’s strategies. We think this is a mere short-term pullback that presents an incredible buying opportunity. We have the utmost confidence that these positions can deliver extraordinary long-term gains over the next three to five years based on our valuation approach. We have an extensive model to value these holdings based on conservative assumptions. We believe our portfolio of 90+ activist precious metals companies is worth 11 times where the market is valuing them today. That is at the current gold price. They are worth even more than that in a significantly rising new gold and silver bull market that our macro models are forecasting. Pullbacks are a necessary part of the path to delivering substantial long-term returns that more than compensate for the risk. It is the macro imbalances that allow us to enter long positions cheaply and short positions dearly to ultimately deliver outsized appreciation. As value investors, we believe short-term setbacks in Crescat’s strategies offer great opportunities for both new and existing investors to deploy capital. We are firmly positioned in a diversified deep-value portfolio of the most viable new gold and silver deposits on the planet. We own these companies early in what is likely to be a long-term industry cycle for precious metals mining after a decade long bear market. Our companies hold over 300 million target gold equivalent ounces. While the world has largely shunned gold mining stocks since their last major bull market that ended in 2011, in the past year and a half, we have been busy doing private placements to fund the world’s most viable new exploration projects, thereby acquiring gold and silver for literally pennies on the dollar ahead of what we believe will be a new M&A cycle for the mining industry. We very strongly believe that the recent selloff in precious metals, due to Fed taper concerns, is way overdone and that our strategies are poised for a major turn back up in the near term. Our gold and silver holdings have improved over the last two days, and hopefully, it is the turn already. Buy the Dip in Precious Metals The pullback in Crescat’s performance over the past two months, including September month to date, has been almost entirely attributable to our long precious metals positions across all strategies. It is important to understand that these positions were also big winners for us in the prior year through July 2021. The Crescat Precious Metals Fund, our newest fund that is solely focused on this theme, delivered a 235% net return through July in a moderately down gold and silver market. That was the first 12-month period of this fund. Imagine what we should be able to do in a bull market for precious metals. Our precious metals stocks are ultra-deep value positions with incredible appreciation potential still ahead thanks to the expertise of Quinton Hennigh, PhD, Crescat’s Geologic and Technical Director, and his 30+ years of experience in the gold mining exploration industry. The last two months’ sell-off in gold and silver should mark the recent bottom or very close to it. March 2020 was what we believe was the primary bottom of what was a 10-year bear market for junior gold mining stocks. The majors have left exploration to the juniors, so these are the companies that control the world’s next big high-grade gold deposits after a decade of underinvestment in exploration and development. The fact that gold along with our mining portfolios have been catching a safe-haven bid in the market in the last two days as the China Evergrande collapse has caught the world’s attention is phenomenal! This is exactly how a safe-haven currency and the best new gold and silver deposits on the planet should act as a renewed, sober financial order of the world that should emerge as China and the US stock market go into a structural downturn if not outright meltdown. China’s "Mises Moment" The massive US$300 billion China Evergrande collapse feeds into the much bigger $52 trillion Chinese banking system. The latter in our analysis is a phony financial accounting that we can only liken to the largest Ponzi scheme in financial world history. Wall Street came out in force today trying to calm its clients by saying that Evergrande is not China’s Lehman moment. We agree, it is not. It is much bigger than that. The scale of China’s credit bubble is unimaginable. It is 4.5 times the banking bubble in the US ahead of the Global Financial Crisis in absolute as well as relative to GDP terms! US banks were only a US$11 trillion asset bubble at the time when the US GDP was at about the same level as China today. It is not even a Minsky moment. We think China is about to face what we would call a “Mises moment”. China’s unsustainable world-record credit expansion has simply gone on far too long already to where they have only one alternative to reconcile it. All paths lead to a massive currency devaluation. Ludwig von Mises, one of the venerated founders of the Austrian economics school, describes it like this: “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” We think most of the financial world is not prepared at all for a China currency collapse. In our global macro fund, we are positioned for a substantial China yuan devaluation and possible de-pegging of the Hong Kong dollar. The latter is an extremely cheap put option. The yuan collapse is inevitable in our view. We have been writing about it for years and believe it is highly prudent to be positioned now. We hold an asymmetric trade with capped downside and large uncapped upside where we are long the dollar and short China’s two primary currencies, the yuan and Hong Kong dollar, through USDCNH and USDHKD call options with tier-1 US bank counterparties. US Stock Market Top In our analysis, China’s financial woes will absolutely be contagious with the US and the world. It is already happening. There is a strong chance that the US equity market has already topped out as of Sep 2 on both the S&P 500 large cap index and the Wilshire 5000 total market index. This has been arguably the most speculative US stock market in history with the highest valuation multiples to underlying fundamentals. In our strong view, there is much downside ahead for broad US stocks. We are determined to capitalize on the equity downturn with overvalued US short positions based on our equity models in our global macro and long/short funds. US stock and credit market’s historic valuations are compliments of rampant speculation underwritten by the Federal Reserve. These asset bubbles are ripe for bursting. The catalyst is the dual combination of rising inflation in the US and a credit crisis in China. We think most investment managers, including hedge funds, are afraid to short stocks and will be caught wrongfooted. Our macro and equity models give us the conviction to be short today. Our firm has an excellent track record of protecting capital during market downturns via our short positions. See our performance reports which show Crescat’s negative and low “downside capture ratio” versus the market in our global macro and long/short hedge funds respectively compared to the S&P 500 and other hedge funds over the long history of these two strategies. Crescat Global Macro’s negative downside capture ratio since inception means that on average it has made money historically when both the market and the hedge fund benchmark has been down. In fact, both funds were up substantially in March 2020, the month of the Covid crash. Gold Wins Whether Safe-Haven Flight or Inflation Hedge On China’s woes, gold should be getting the monetary metal safe-haven bid even though ultimately it is the inflation protection buying on the back of a fiat currency war that makes gold the most attractive to us. When the Fed acts with new measures to counter the strong dollar vs. yuan that would otherwise crimp the US economy, that is when precious metals should go ballistic. We need to be positioned for all of that now, and we are. The Fed is expected to announce the taper tomorrow. A fully committed taper announcement would likely only further catalyze China’s credit collapse and the US equity downturn in our opinion. That is a possibility, but we think a soft taper announcement with a lot of hedging language given China and the potential contagion effects is a more likely event. It still should not stop the US equity market downturn, and it will do nothing to help China. If it is a hard taper, it is just game-on even more so for our equity short positions and China yuan puts. Regarding precious metals, the odds are that gold has already fully priced in the taper based on its pullback over the last two months. If the Fed gives us the “soft taper”, it should allow gold to catch a huge bid and be off to the races. Current Inflation Spike Already Rivals Stagflationary 1973 and 1980 The US Consumer Price Index has risen from 0.3% annualized to 5.3% over just the last 15 months. The last two times we saw this big of a rise over this short of a time were in 1973 and 1980, the two most notorious episodes of stagflation and rising gold prices in US history. Just like in the 1970s, policy makers are trying to tell us not to worry because inflation is “transitory”. But just as then, there is a host of “non-transitory” drivers that include an incipient wage-price spiral, the lag-effect of rents to already substantially higher housing prices, global supply chain shocks from Western trade disintegration with China, and highly probable ongoing deficit spending and debt monetization in the US as far as the eye can see. The big difference between today and the 1970s stagflation is that the Fed has not done anything to fight rising inflationary pressures but instead has done everything to aid and abet them. For instance, from 1972 to 1973, the Fed had already raised its funds rate from 3.5% to 10.8%. And, from 1976 to 1980, it raised the rate from 4.7% to 17.6%. In contrast today, the Fed has kept the funds rate at 0% for the last 16 months and engaged in $4.3 trillion of quantitative easing over the last 18 months monetizing 88% of $4.9 trillion in new debt taken on by the US Treasury over the same time. Fed officials must be looking at this data and internally freaking out. That is why they are probably seriously considering tapering. Stagflation When monetary policy becomes truly extreme, like it was when the US abandoned the gold standard, for instance, we can get both inflation and a stock market crash at the same time. 1973-74 was the prime example. Gold stocks went up 5x in just two years while the S&P 500 was down 50%. At the same time, the popular but overvalued Nifty Fifty large cap growth stocks went down substantially more. Only those alive during the 1970s with money invested in the stock market truly know how shocking and substantial such a crisis can be. It could have been devasting or glorious depending on how one was invested. Gold Launches as Tech Busts Even in less extreme monetary policy situations, gold stocks can go up while widely-held overvalued equities collapse. Late 2000 through 2002 was a perfect example. Then large cap growth and tech stocks were being decimated at the same time as gold stocks began what would ultimately become a ten-year bull market albeit with a significant selloff in late 2008. These two examples are the types of markets for both gold and broad US stocks that we envision over the next two years. Gold Stocks In The Great Depression The Great Depression is yet another example of how gold and gold stocks can perform versus stocks at large in the most serious of financial times. Homestake Mining was the largest precious metals miner of the time. Fed Policy Error Fed watchers are rightly concerned about a forthcoming policy error, but the truth is that the accumulation of global economic and market imbalances and inflationary pressures after many years of taking the path of least resistance with quantitative easing and low interest rate policy has already been the gigantic policy mistake. These misjudgments are not isolated to domestic affairs but have aided and abetted massive credit bubbles in other countries too, particularly China. We believe it is only a matter of time before investors begin stampeding out of S&P 500 index funds and FAAMG stocks and into tangible assets. We think this is the time to get ahead of the curve. As Warren Buffett’s mentor, the legendary Ben Graham, said: “In the short run, the market is a voting machine that requires only money, not intelligence or emotional stability, but in the long run it’s a weighing machine.” We think a little bit of intelligence and a lot of emotional stability could go a long way right now in selling hyper-overvalued stocks at large and buying deeply undervalued gold stocks. We strongly believe the opportunity to put money to work on the recent pullback in Crescat’s strategies is phenomenal today. Performance Download PDF Version Sincerely, Kevin C. Smith, CFA Member & Chief Investment Officer Tavi Costa Member & Portfolio Manager For more information including how to invest, please contact: Marek Iwahashi Client Service Associate 303-271-9997 Cassie Fischer Client Service Associate (303) 350-4000 Linda Carleu Smith, CPA Member & COO (303) 228-7371 © 2021 Crescat Capital LLC Updated on Sep 22, 2021, 11:28 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk12 hr. 53 min. ago

US stocks struggle to recover from Evergrande rout while investors await the outcome of Fed meeting

US stocks wavered on Tuesday, struggling to come back from the Evergrande-driven sell-off in the previous session. New York Stock Exchange on Aug. 19, 2021. Wang Ying/Xinhua via Getty Images US stocks were mixed Tuesday following Monday's sell-off. Investors are eagerly anticipating the outcome of the two-day meeting of the FOMC beginning that began on Tuesday. Gold, and oil edged higher. Bitcoin hovered around $42,000. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks struggled to regain their footing Tuesday following a brutal sell-off sparked by beleaguered Chinese developer Evergrande during Monday's session. Investors, meanwhile, are awaiting the outcome of the Federal Reserve's two-day Federal Open Market Committee meeting beginning that kicked of on Tuesday. The Dow Jones Industrial Average and S&P 5oo both ended lower, while the Nasdaq eked out a gain.Here's where US indexes stood at the 4:00 p.m. close on Tuesday: S&P 500: 4,354.15, down 0.08%Dow Jones Industrial Average: 33,920.49, down 0.15% (49.98 points)Nasdaq Composite: 14,746.40, up 0.22%"Financial markets have Evergrande as the top story and will enter wait-and-see mode until a meaningful update from the Chinese government," Edward Moya, senior market analyst at foreign exchange firm Oanda, said in a note Tuesday. "The Evergrande story won't lead to contagion in the US but there are so many questions about who will be protected once China says 'enough' and swoops in."Evergrande, China's second-largest property developer, has more than $300 billion in liabilities and could miss key interest payments due Thursday. There are no signs yet that the Chinese government will step in to save the company.On top of Evergrande concerns, investors are anxious about the Federal Reserve's potential tapering of stimulus and the risk of a prolonged period of inflation.While several analysts, including those at BlackRock Investment Institute, do not expect Fed Chair Jerome Powell to announce any policy change this month, they are still keeping a close eye on any signal of how he plans to scale back monetary support, which includes tapering asset purchases."We expect the Fed to start normalizing policy rates in 2023, a much slower pace than market pricing for lift-off in 2022 indicates," the BlackRock analysts said in a note.Another issue that might be discussed, according to Moya, is the multi-million-dollar stock purchases of Dallas and Boston Federal Reserve presidents Robert Kaplan and Eric Rosengren, which involved purchases of big-name firms like Apple, Alibaba, and Tesla."If the Fed struggles to deal with intensifying scrutiny after their ethics review, the FOMC could lose two of its hawkish members," Moya said.Elsewhere, Fintech firm Revolut plans to offer commission-free stock trading to US clients as the London-based startup takes on rivals like Robinhood and Square amid a boom in retail investing, CNBC first reported Tuesday.In cryptocurrencies, the US Department of the Treasury on Tuesday revealed it will sanction Russian-owned Suex for its role in laundering financial transactions for ransomware actors, marking the first time the agency has ever blacklisted a cryptocurrency exchange.Meanwhile, Binance, the world's largest cryptocurrency exchange, is shutting down cryptocurrency derivative products for existing customers in Australia by the end of the year, the latest bid by the exchange to appease regulators.Bitcoin hovered just above $42,000 after a broader cryptocurrency sell-off Monday. Oil prices rebounded. West Texas Intermediate crude climbed 0.31%, to $70.51 per barrel. Brent crude, oil's international benchmark, rose 0.88%, to $74.57 per barrel.Gold jumped 0.56%, to $1,774.99 per ounce.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 21st, 2021

Fintech startup Revolut to take on rivals like Robinhood with commission-free trades amid retail investing boom

The firm, founded in 2015, has quickly grown to be one of the most prominent fintech players. At present, Revolut has over 16 million customers. Revolut CEO Nikolay Storonsky Kimberly White/Getty Images for TechCrunch Revolut plans to offer commission-free stock trading to US clients to take on rivals like Robinhood, CNBC first reported. The firm - valued at $33 billion - has secured a US broker-dealer license, which took 16 months to obtain. The firm, founded in 2015, has quickly grown to be one of the most prominent fintech players in Europe. See more stories on Insider's business page. Fintech firm Revolut plans to offer commission-free stock trading to US clients as the London-based startup takes on rivals like Robinhood and Square amid a boom in retail investing, CNBC first reported Tuesday. The firm - valued at $33 billion in July- has secured a US broker-dealer license, its CEO and founder Nik Storonsky told CNBC. The license took 16 months to acquire through the Financial Industry Regulatory Authority. The firm was approved to be an "introducing broker" and will rely on DriveWealth, a New Jersey-based fintech firm, to clear trade."We are building a single app where people can manage all aspects of their finances, from banking and foreign exchange to cryptocurrency and stock trading," Storonsky told CNBC. "We're eager to break down common barriers to entry around stock trading such as account minimums and complex interfaces."The firm, founded in 2015, has quickly grown to be one of the most prominent fintech players in Europe with help from backers like Softbank and Tiger Global. At present, Revolut has over 16 million customers.Unlike its European operations, a Revolut spokesperson told CNBC the firm will earn payment for order flow revenue in the US, a controversial approach used by Robinhood that has drawn the ire of the US Securities and Exchange Commission.Right before the pandemic began, the firm launched in the US in 2020, building on its formidable presence across Europe, as well as in Japan, India, Australia, and Singapore.Since its US launch, the firm has added high-interest savings, small business banking, US-Mexico money transfers, and cryptocurrency trading, among others.Revolut gained popularity for allowing users to transfer money in 150 currencies at a real-time exchange rate globally, with no fees, through a debit card. It competes with other challenger banks such as Monzo, Starling Bank, and N26.The firm has said it is aiming to go public in both the US and the UK stock markets.The rise of retail investors has been a huge force driving the global stock market the past year, enabled by commission-free trading applications, government stimulus checks, and pandemic boredom as people continue to spend most of their time at home. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 21st, 2021

Prominent Austin investors back Major League Pickleball

Pickleball is attracting more players nationwide. In 2020, an estimated 4.2 million Americans played the sport that resembles tennis with a Wiffle ball. Count some Austin business heavyweights among the believers, as they have invested in the new Major League Pickleball. They include co-founders of a concert promoter, chairman of a semiconductor company and founder of an oil and gas driller......»»

Category: topSource: bizjournalsSep 21st, 2021

Inflation Concerns Ruin First Week of Earnings Season

Inflation Concerns Ruin First Week of Earnings Season There was no Friday rally this time around as stocks took a step back today and finished the week lower amid ongoing concerns of rising inflation. Even better-than-expected retail sales couldn’t improve the market’s mood. Stocks began in the green, but another Friday jump like last week wasn’t in the cards. The Dow ended lower by 0.86% (or practically 300 points) to 34,687.85, while the NASDAQ slipped 0.80% (or 115 points) to 14,427.24. The S&P was off 0.75% to 4327.16. All of the indices were lower for the week with some heavy divergence. The NASDAQ plunged as much as 1.9% over the five days, while the Dow slipped only 0.5%. The S&P was in the middle with a 1% drop. These results snapped three-week win streaks for the indices. We got a really good number for retail sales today, which climbed 0.6% in June to beat expectations for a slight loss. It also marked a substantial improvement from a 1.7% drop in May. Yesterday’s jobless claims report was also solid with the 360K print marking a pandemic low, improving upon last week and remaining below 400K. But most of the data this week centered on the rising inflation, including CPI soaring 5.4% year over year on Tuesday and PPI rising 7.3% on Wednesday. And then today consumer sentiment declined to 80.8 in July from 85.5 in June. The result fell short of expectations for a slight gain, while consumer inflation expectations appear to be on the rise. Fed Chair Jerome Powell testified twice this week, reiterating to both the House and Senate that rising inflation is transitory and the central bank plans to stick with its support until the economy reaches its benchmarks. Nevertheless, investors are nervous. All this inflation stuff stole some thunder from a mostly positive start to earnings season. Several of the country’s biggest banks went to the plate this week and posted better-than-expected headline numbers. But investors noticed some sluggishness in the business segments, which impacted the market’s reaction. It looks like the market is going to be just as difficult to please as it was last earnings season.   But the reports are just beginning! We get our first FAANG on Tuesday when Netflix (NFLX) takes centerstage after the close. There’ll be hundreds of other companies announcing next week as well, including names like IBM (IBM, Monday), Johnson & Johnson (JNJ, Wednesday) and Texas Instruments (TXN, Wednesday). “We are off to a great start in the Q2 earnings season, with the big banks coming out with a much stronger profitability picture relative to what they were able to show in the preceding periods,” said Sheraz Mian in his hot-off-the-presses Earnings Preview article. “This reconfirms our bullish earnings outlook that envisions estimates going up significantly over the coming months as the full extent of the economic rebound becomes clearer.” Today's Portfolio Highlights: Counterstrike: The market may still be close to all-time highs, but Jeremy has been talking about problems “under the hood” for a while now. This morning’s reversal just further confirmed it. So for the first time in months, he made a couple short bets on Friday. The editor added a 5% allocation in ProShares Ultra VIX ShortTerm Futures ETF (UVXY), which will move 1.5X the VIX, and also picked up a 4% allocation in Direxion Daily S&P 500 Bear 3X Shares (SPXS), which will go up or down 3X the daily movement of the SPX. These positions will make good money for the portfolio on any further declines and can be easily exited on any moves higher. Read the full write-up for specifics on these plays. Healthcare Innovators: The human adaptive immune system is providing some of the most important scientific and medical research right now, and Kevin added a name on Friday that specializes in this innovative field. Adaptive Biotechnologies (ADPT) is an emerging player in genetic diagnostics focused on immune-driven clinical products and bioinformatics to transform the treatment of disease. Shares surged during the ARK bubble, but have now pulled back to the point that the editor sees a good risk/reward. Rising earnings estimates have made ADPT a Zacks Rank #2 (Buy) with sales growth expected at more than 50% to breach $150 million. Next year should get past $200 million. In addition to buying ADPT, Kevin also sold Phio Pharma (PHIO) after taking out its stop. Read the full write-up for more on today’s action. Marijuana Innovators: Are the markets discounting the probability of federal legalization way too much? Dave thinks they are, which means there’s plenty of opportunity out there for marijuana investors. On Friday, he picked up GrowGeneration (GRWG), which owns and operates specialty retail hydroponic and organic gardening stores. The portfolio pulled a nearly 100% return out of this name back in March and now it has dropped 25% in the past two weeks. He bought GRWG again today on weakness with hopes of more success in the future. Read the full write-up for more on this addition and details on Dave’s thoughts on legalization. Surprise Trader: "A frustrating day to say the least with the bears taking control. It was a gnarly end to a nasty week with stocks coming under pressure, the bid drying up, and folks jumping out of the way of the selling. "The fact that we are teetering at a market top is also partly to blame for this. The market is seeking a catalyst. The problem is, right now the only catalysts are negative. An increasingly hawkish Fed, despite their rhetoric, combined with fearmongering surrounding the Delta variant is a one-two punch the market is struggling with. "However, nothing turns around a market quite like earnings season. If earnings come in strong and guidance continues to rise, then we are going to do just fine. Actually, having the market selloff ahead of a busy earnings season is fantastic. That way, I can come in and buy on sale what was ticking up at all-time highs a few short days ago. With money on the sidelines ready to rock, this could be a great setup for success." -- Dave Bartosiak Have a Great Weekend! Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Victor Davis Hanson: The Afghanistization Of America

Victor Davis Hanson: The Afghanistization Of America Authored by Victor Davis Hanson via, The United States should be at its pinnacle of strength. It still produces more goods and services than any other nation—China included, which has a population over four times as large. Its fuel and food industries are globally preeminent, as are its graduate science, computer, engineering, medical, and technology university programs. Its constitution is the oldest of current free nations. And the U.S. military is by far the best funded in the world. And yet something has gone terribly wrong within America, from the southern border to Afghanistan.  The inexplicable in Afghanistan—surrendering Bagram Air Base in the middle of the night, abandoning tens of billions of dollars of military equipment to the Taliban, and forsaking both trapped Americans and loyalist Afghans—has now become the new Biden model of inattention and incompetence.  Or to put it another way, when we seek to implant our culture abroad, do we instead come to emulate what we are trying to change? COVID Chaos Take COVID-19. Joe Biden in 2020 (along with Kamala Harris) trashed Trump’s impending Operation Warp Speed vaccinations. Then, after inauguration, Biden falsely claimed no one had been vaccinated until his ascension (in fact, 1million a day were being vaccinated before he assumed office). Then again, Biden claimed ad nauseam that he didn’t believe in mandates to force the new and largely experimental vaccinations on the public. Then, once more, he promised that they were so effective and so many Americans had received vaccines that by July 4 the country would return to a virtual pre-COVID normality.  Then came the delta variant and his self-created disaster in Afghanistan.  To divert his attention away from the Afghan morass, Biden weirdly focused on an equally confused new presidential COVID-19 mandate, seeking to subject federal employees, soldiers, and employees of larger firms to mandatory vaccinations—right as the contagious delta variant seemed to be slowly tapering off, given the millions who have either been vaxxed, have developed natural immunity, or both. Consider other paradoxes. American citizens must be vaccinated, but not the forecasted 2 million noncitizens expected to cross the southern border illegally into the United States over the current fiscal year. Soldiers who bravely helped more than 100,000 Afghan refugees escape must be vaccinated, but not the unvetted foreign nationals from a premodern country? Scientists now are convinced naturally acquired COVID-19 immunity from a previous infection likely provides longer and better protection than does any of the current vaccinations.  Yet those who suffered COVID-19, and now have antibodies and other natural defenses, must likewise be vaccinated. That anomaly raises the obvious logical absurdities: will those with vaccinations—in reciprocal fashion—be forced to be exposed to the virus to obtain additional and superior natural immunity, given the Biden logic of the need for both acquired and vaccinated immunity?  Tribal Lands  We have Afghanistanized the border as well, turning the United States into a pre-state whose badlands borders are absolutely porous and fluid. There is no audit of newcomers, no vaccinations required, no COVID-19 tests—none of the requirements that millions of citizens must meet either entering the United States or working at their jobs. Our Bagram abandonment is matched by abruptly abandoning the border wall in mid-course.  Yet where the barrier exists, there is some order; where Joe Biden abandoned the wall, there is a veritable stampede of illegal migration.  October 7, 2019. Mark Wilson/Getty Images Coups, Juntas and Such Third-World countries suffer military coups when unelected top brass and caudillos often insidiously take control of the country’s governance in slow-motion fashion. The latest Bob Woodward “I heard,” “they say,” and “sources reveal” mythography now claims that General Mark Milley, chairman of the Joint Chiefs, discussed separating an elected commander-in-chief from control of the military. Woodward and co-author Robert Costa also assert that Milley promised his Chinese Communist military counterpart that he would tip off the People’s Liberation Army of any planned U.S. aggressive action—an odd paranoia when Donald Trump, of the last five presidents, has proved the most reluctant to send U.S. troops into harm’s way.  If that bizarre assertion is true, Milley himself might have essentially risked starting a war by eroding U.S. deterrence in apprising an enemy of perceived internal instability inside the executive branch, and the lack of a unified command. (So, Woodward wrote: “‘General Li, I want to assure you that the American government is stable, and everything is going to be okay,’ Milley said. ‘We are not going to attack or conduct any kinetic operations against you.’ Milley then added, ‘If we’re going to attack, I’m going to call you ahead of time. It’s not going to be a surprise.’”) More germanely, when Milley called in senior officers and laid down his own operational directives concerning nuclear weapons, he was clearly violating the law as established and strengthened in 1947, 1953, and 1986 that clearly states the Joint Chiefs are advisors to the president and are not in the chain of command and are to be bypassed, at least operationally, by the president. The commander in chief sets policy. And if it requires the use of force, he directs the secretary of defense to relay presidential orders to the relevant theater commanders. Milley had no authority to discuss changing nuclear procedures, much less to convey a smear to an enemy that his commander in chief was non compos mentis. Milley has been reduced to a caricature of a caricature right out of “Dr. Strangelove”—and is himself a danger to national security. After Milley’s summer 2020 virtue-signaling “apology” for alleged presidential photo-op misbehavior (found to be completely false by the interior department’s inspector general); after leaked news reports that Milley considered resignation (promises, promises) to signal his anger at Trump in summer 2020; after his dismissal of the 120 days of rioting, 28 deaths, 14,000 arrests, and $2 billion in damage as mere “penny packet protests”; after his “white rage” blathering before Congress; after the collapse of the U.S. military command in Kabul; and after his premature and hasty assessment of a U.S. drone strike that killed 10 innocent civilians as “righteous,” Woodward’s sensationalism may not sound as impossible as his usual fare.  Milley should either deny the Woodward charges and demand a real apology or resign immediately. He has violated the law governing the chain of command, misused his office of chairman of the Joint Chiefs, politicized the military, proved inept in his military judgment and advice, and may well have committed a felony in revealing to a hostile military leader that the United States was, in his opinion, in a crisis mode.  Yet, Milley did not act in isolation. Where did this low-bar Pentagon coup talk originate? And who are those responsible for creating a culture in which unelected current and retired military officers, sworn to uphold the constitutional order and the law of civilian control of the military, believe that they can arbitrarily declare an elected president either incompetent or criminal—and thus subject to their own renegade sort of freelancing justice? As a footnote, remember that after little more than a week of the Trump presidency, Rosa Brooks, an Obama-era Pentagon appointee, published in Foreign Policy various ways to remove the newly inaugurated president. Among those mentioned was a military coup, in which top officers were to collude to obstruct a presidential order, on the basis of their own perceptions of a lack of presidential rectitude or competence.  We note additionally that over a dozen high-ranking retired generals and admirals have serially violated the uniform code of military justice in demonizing publicly their commander in chief with the worst sort of smears and slanders. And they have done so with complete exemption and in mockery of the very code they have sworn to abide.  Two retired army officers, colonels John Nagl and Paul Yingling, on the eve of the 2020 election, urged Milley to order U.S. army forces to remove Trump from office if in their opinion he obstructed the results of the election—superseding in effect a president’s elected powers as well as those constitutional checks and balances of the legislative and judicial branches upon him.  We know that these were all partisan and not principled concerns about an alleged non compos mentis president, because none of these same outspoken “Seven Days in May” generals have similarly violated the military code by negatively commenting publicly on the current dangerous cognitive decline of Joe Biden and the real national security dangers of his impairment, as evidenced by the disastrous skedaddle from Afghanistan and often inability to speak coherently or remember key names and places. In short, is our new freelancing and partisan military also in the process of becoming Afghanized—too many of its leadership electively appealing to pseudo-higher principles to contextualize violating the Constitution of the United States and, sadly, too many trying to reflect the general woke landscape of the corporate board to which so many have retired? Like tribal warlords, our top brass simply do as they please, and then message to us “so what are you going to do about it?” Achin, Afghanistan, 2011. John Moore/Getty Images The Constitution as Construct How paradoxical that the United States has sent teams of constitutional specialists to Iraq and Afghanistan to help tribal societies to draft legal, ordered, and sustainable Western consensual government charters that are not subject to the whims of particular tribes and parties. Yet America itself is descending in the exact opposite direction.  Suddenly in 2021 America, if ancient consensual rules, customs, and constitutional mandates do not facilitate and advance the progressive project, then by all means they must end—by a mere one vote in the Senate. It is as if the centuries of our history, the Constitution, and the logic of the founders were analogous to a shouting match among a squabbling Taliban tribal council of elders. Junk the 233-year-old Electoral College and the constitutional directive to the states to assume primary responsibilities in establishing voting procedures in national elections. End the 180-year-old Senate filibuster. Do away with the now bothersome 150-year nine-justice Supreme Court. And scrap the 60-year-old tradition of a 50-state union.   Impeachment was intended by the founders as a rare reset of the executive branch in extremis. Now it is to be a pro formaattack on the president in his first term by the opposite party as soon as it gains control of the House—without a special counsel, without witnesses and cross-examinations, without any specific high crimes and misdemeanors or bribery and treason charges. And why not from now on impeach a president twice within a year—or try him in the Senate when he is out of office as a private citizen?  When private citizen Joe Biden is retired from the presidency, will his political enemies dig up his sketchy IRS records alleging that he never paid income taxes on the “big guy’s” “10 percent” of the income from the Hunter Biden money machine? American Tribes  We may think virtue-signaling pride flags, gender studies, and George Floyd murals in Kabul remind the world of our postmodern sophistication. Yet, in truth, we are becoming far more like Afghanistan in the current tribalization of America—where tribal, racial, and ethnic loyalties are now essential to an American’s primary identity and loyalty—than we were ever able to make Afghanistan like us. When we read leftist heartthrob Ibram X. Kendi’s endorsement of overt racial discrimination or academic and media obsessions with a supposed near-satanic “whiteness,” or the current fixations on skin color and first loyalties to those who share superficial racial affinities, then we are not much different from the Afghan tribalists. We in America apparently have decided the warring badlands of the Pashtuns, Tajiks, Hazaras, and Uzbeks have their advantages over a racially blind, consensual republic. They are the model to us, not us of the now-discredited melting pot to them. How sad in our blinkered arrogance that we go across the globe to the tribal Third World to teach the impoverished a supposedly preferrable culture and politics, while at home we are doing our best to become a Third-World country of incompetency, constitutional erosion, a fractious and politicized military elite, and racially and ethnically obsessed warring tribes.  Tyler Durden Mon, 09/20/2021 - 23:40.....»»

Category: blogSource: zerohedgeSep 21st, 2021

Twitter Pays $800 Million To Settle Lawsuit Alleging Company Provided Misleading User Metrics To Investors

Twitter Pays $800 Million To Settle Lawsuit Alleging Company Provided Misleading User Metrics To Investors Twitter has reached an $809 million class action lawsuit settlement to resolve claims that the company "provided misleading user-engagement info to investors". A lawsuit filed in 2016 alleged that Jack Dorsey and former CEO Dick Costolo, in addition to board member Evan Williams, hid information about the social media company's slowing user growth while they sold their personal stock holdings. The sales netted "hundreds of millions of dollars in insider profits," the suit alleged, according to Variety.  Among the allegations were that the company didn’t reveal that to investors that its DAU figures showed that user engagement was flat or declining at the time.  Twitter's 8-K, filed Monday, read:  The binding agreement, which is subject to certain conditions, including court approval of a final settlement agreement, requires the Company to pay $809.5 million for claims alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The binding agreement does not, and the final settlement agreement will not, include or constitute an admission, concession, or finding of any fault, liability, or wrongdoing by the Company or any defendant. There can be no assurance that the final settlement agreement will be executed or that such agreement will be approved by the court. The Company intends to use cash on hand to pay the settlement amount, which is expected to be paid in the fourth quarter of 2021. The Company expects to record a charge for the settlement during the third quarter of 2021. While Twitter will be able to easily pay the settlement with its over $4 billion on hand, the $800 million amount isn't immaterial. Meanwhile Twitter went ahead an started using the mDAU data it now uses with its Q4 2018 results, explaining to investors that it "best reflects its goals of driving monetizing usage".  mDAUs are described as "the average number of 'people, organizations or other accounts who logged in or were otherwise authenticated and accessed Twitter on any given day through or Twitter applications that are able to show ads.'"   Tyler Durden Tue, 09/21/2021 - 07:05.....»»

Category: blogSource: zerohedgeSep 21st, 2021

Online pharmacy opens distribution hub on Long Island

On-demand pharmacy chain, Alto Pharmacy, has leased a 10,000 s/f distribution hub on Long Island as the company continues its expansion into the New York market. Hunt Corporate Services’ David Hunt represented landlord Anton Cerrone Associates in the lease at 245 Newtown Road, Plainview (pictured top). Matt Manoogian of CBRE... The post Online pharmacy opens distribution hub on Long Island appeared first on Real Estate Weekly. On-demand pharmacy chain, Alto Pharmacy, has leased a 10,000 s/f distribution hub on Long Island as the company continues its expansion into the New York market. Hunt Corporate Services’ David Hunt represented landlord Anton Cerrone Associates in the lease at 245 Newtown Road, Plainview (pictured top). Matt Manoogian of CBRE represented the tenant. DAVID HUNT “Alto is a commercial pharmacy that offers a same-day delivery service. A location close to the Long Island Expressway was a key criterion for the ease of access for their drivers. Our building offers exactly that since it is located on the South Service Road of the LI Expressway,” said Hunt. “Construction is underway, and the tenant will be taking occupancy later this year. This location in Plainview will serve as a distribution center for all of Long Island.” Founded in San Francisco in 2015, Alto is an on-demand pharmacy offering patients free same-day prescription delivery, cost transparency, and pharmacist access. It has raised $354 in funding from investors including Softbank and Greenoaks Capital that has helped it expand its total coverage area to more than 36 million people. Instead of visiting traditional brick-and-mortar pharmacies to pick up medications, Alto customers work with pharmacists on the phone or in the app and schedule same-day delivery of medication right to their home or office. Alto customers can also see medication price comparisons, manage their medications within the app, and connect directly with a pharmacist to ask questions about prescription instructions or side effects. Over the last year, Alto has begun offering enhanced expertise in complex therapeutic areas including diabetes, heart and lung health, fertility, and care for those living with HIV. A single Alto distribution location covers the same geographic area as about 400 chain pharmacy locations with its free same-day delivery service. Alto founders Matt Gamache-Asselin and Jamie Karraker. “We’ve continued to develop our service and technology to improve the pharmacy experience for millions of new customers, finding even faster, easier, and more affordable ways to get medicine into the hands of patients in need,” said Matt Gamache-Asselin, CEO of Alto.  “We’re excited to expand our national footprint, increasing our ability to bring lower cost prescriptions, high-quality expert care, and easy-to-access treatment to more people.” The post Online pharmacy opens distribution hub on Long Island appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklySep 21st, 2021

Coinbase pulled in $57 million from retail investors during its trading debut, the 5th-most-popular offering since 2017

Coinbase drew in $57 million from retail investors when the cryptocurrency exchange's shares started trading, among the most popular debuts in recent years. Coinbase is set to directly list on th.....»»

Category: topSource: businessinsiderApr 15th, 2021

John McAfee charged with fraud over alleged cryptocurrency scheme

Prosecutors alleged that McAfee, creator of the eponymous anti-virus software, and other members of his cryptocurrency team took in more than $13 million by victimizing investors who had bought into a fraudulent scheme......»»

Category: topSource: washpostMar 5th, 2021

Judge rules Carolina Beverage can be sued on allegations in Rick Siskey fraud case

Former investors in Carolina Beverage Group who allege the late Richard Siskey and company founder Mike Smith conspired to defraud them of $20 million in profits from the company sale can sue Carolina Beer as well as the individuals, says an N.C......»»

Category: topSource: bizjournalsJan 2nd, 2021

Teen hacker and crew of "evil geniuses" accused of $24 million crypto theft

An adviser to blockchain companies is claiming a 15-year-old and his crew of “evil computer geniuses” stole $24 million in cryptocurrency from him by hacking into his phone......»»

Category: topSource: moneycentralMay 8th, 2020

Everything Jim Cramer said about the stock market on "Mad Money," including market rotation, Mattel CEO, Robinhood reaches 10 million subscribers

"Mad Money's" Jim Cramer breaks down how big funds are shuffling their portfolios and where individual investors can pick stock. He sits down with the CEO of Mattel toy company and the co-founders of stock-trading app Robinhood......»»

Category: topSource: madmoneyDec 9th, 2019

Everything Jim Cramer said on "Mad Money," including market rotation, Robinhood"s 10 million users

"Mad Money's" Jim Cramer breaks down how big funds are shuffling their portfolios and where individual investors can pick stock. He sits down with the CEO of Mattel toy company and the co-founders of stock-trading app Robinhood......»»

Category: topSource: madmoneyDec 4th, 2019

General Electric CEO buys $2 million in stock after fraud allegations from Madoff whistleblower

Lawrence Culp’s purchase was meant to send a message to investors: Do not panic......»»

Category: topSource: washpostAug 16th, 2019

General Electric CEO buys $2 million in stock after fraud allegations from Madoff whistleblower

Lawrence Culp’s purchase was meant to send a message to investors: Do not panic......»»

Category: topSource: washpostAug 16th, 2019

Australian Police Charge 5 Over $1.8 Million Cryptocurrency Scam

Five people have been charged in Australia over a cold-call cryptocurrency investment fraud that allegedly duped investors for over $1.8 million......»»

Category: forexSource: coindeskAug 8th, 2019

Venezuelan investors sue cryptocurrency company for fraud

The case is linked to a $30 million cryptocurrency and diamond scheme......»»

Category: topSource: bizjournalsJul 19th, 2019