Over 100 Staff Now Reportedly Working On Facebook’s Crypto Project

Over 100 Staff Now Reportedly Working On Facebook’s Crypto Project 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

More details are now emerging regarding high-level executives for social media giant Facebook’s crypto project, according to a report by CNBC on June 6. According to the report, there are now 100 people known to be working on the crypto project via profiles on professional networking platform LinkedIn. Facebook is also reportedly not done hiring, with over 40 openings still available in the team’s business unit, as per its website listing. The aim of Facebook’s new crypto project, according to advertising on its career descriptions, is to provide a public…

Dinosaur Jamie Dimon Needs to Accept That Millennials Hate JPMorgan

Dinosaur Jamie Dimon Needs to Accept That Millennials Hate JPMorgan 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: JPMorgan Chase just scrapped its uninspired mobile banking app targeted at millennials. It only lasted one year before Jamie Dimon and co. had to admit defeat. JPMorgan Scraps Stupid Emoji Banking App After 12 Months The Finn app was launched last June to woo emoji-loving young people with zero-fee mobile banking. But the lame attempt to cross Robinhood with Snapchat has failed spectacularly. Twelve months and done, and the market has clearly spoken. One can imagine a marketing exec in a JPMorgan boardroom mid-2017: “Put lots of emojis.…

Bitcoin in Crosshairs as SEC & DOJ Drop Hammer on Crypto Firm Longfin

Bitcoin in Crosshairs as SEC & DOJ Drop Hammer on Crypto Firm Longfin 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: The “crypto” startup Longfin Corp. got spanked by both the SEC and the DOJ for fraud amid a broader regulatory crackdown on bitcoin-related financial crimes. Specifically, Longfin’s CEO, Venkata Meenavalli, is accused of inflating the company’s revenue by $66 million in order to fraudulently secure a listing on the Nasdaq in 2017. Prosecutors Say Longfin Cooked the Books The Securities and Exchange Commission also accused Longfin executives of insider trading, saying they illegally sold $33 million of stock in unregistered transactions. While the screaming headlines suggest that the…