Crypto Spring Has Arrived & Institutional Money Will Move In: Barry Silbert

Crypto Spring Has Arrived & Institutional Money Will Move In: Barry Silbert 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN Markets: Bitcoin, the asset written off by many prominent economists after an enormous fall last year, has surged by more than 115% in the first half of 2019. The world’s largest cryptocurrency in May established a year-to-date high of $9,090 on Coinbase exchange. The price corrected downwards by more than $1,000 afterward. However, the drop did not shake bitcoin’s long-term bullish bias, at least according to Barry Silbert, the founder, and CEO of Digital Currency Group. Silbert told Bloomberg that crypto spring has arrived. He’s been in the crypto…

G20 Ministers Discuss Crypto Benefits, Commit to Risk-focused Vigilance

G20 Ministers Discuss Crypto Benefits, Commit to Risk-focused Vigilance 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN Markets: Global finance ministers and central bankers reconfirmed their multilateral support of crypto-industry regulations on the weekend in Japan. They were attending the G20 Finance Summit ahead of the Leaders’ Summit in late June. There were no surprises for the crypto-currency markets in the Communique sent out by Japan’s Minister of Finance on Sunday. The 14-point document reflects the outcomes of the weekend discussions between Finance Ministers and central bankers. The finance leaders put their support behind crypto-assets while remaining vigilant in monitoring the risks they pose. They…

Bitcoin Scam Uses X-Men’s Hugh Jackman to 'Turn You Into a Millionaire'

Bitcoin Scam Uses X-Men’s Hugh Jackman to 'Turn You Into a Millionaire' 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN Markets: In their most current mutant form, the Bitcoin Evolution/Bitcoin Revolution scams are using X-Men star Hugh Jackman as bait. According to the fraudsters, the Australian actor who is best known for his role as Wolverine in the X-Men franchise has stumbled upon a ‘wealth loophole’ which can make anyone a millionaire within four months. Micky initially reported the scam which is being pitched mostly to Australians by promising returns of over 10,000 percent. Bitcoin scam landing page One of the bitcoin scam’s landing pages adopts the layout,…

Facebook’s Cryptocurrency Will Pay Interest to Users: Blockchain Regulator

Facebook’s Cryptocurrency Will Pay Interest to Users: Blockchain Regulator 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN Markets: Facebook’s GlobalCoin cryptocurrency will likely pay interest to its users. That’s the prediction of Wyoming Blockchain regulator and crypto champion Caitlin Long. The social media company is gearing up to announce its much-hyped cryptocurrency this month, but very little is still known about the project, known internally as Project Libra. On Sunday, Long shared some predictions about how the cryptocurrency might work and how it will impact the crypto industry. “Facebook will pay interest to users of its cryptocurrency, which will eventually lead to populist calls to repeal…

Dem Hopeful Andrew Yang Slams Amazon in Viral Maher Clip

Dem Hopeful Andrew Yang Slams Amazon in Viral Maher Clip 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN Markets: Democratic presidential candidate Andrew Yang appeared on the Bill Maher show over the weekend. He discussed his Universal Basic Income (UBI) plan in detail, suggesting that big tech companies including Amazon could foot the bill. The clip is taking off, with more than 300,000 YouTube views already: Yang has been promoting giving Americans money by taxing big tech companies. With the Department of Justice launching antitrust actions against Google and other tech titans, Yang’s platform looks increasingly relevant to investors as bipartisan support for a tech crackdown builds.…

Jinxed Bitcoin ATM Spews Out Cash at London Train Station

Jinxed Bitcoin ATM Spews Out Cash at London Train Station 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: It looked like someone won the bitcoin jackpot at London’s Bond Street station. A video shows banknotes flying out of what appears to be a jinxed bitcoin ATM located near a shopping center. In the 20-second video, initially shared by Redditor skypirateX, a security guard is doing his best to stop anyone from taking the money. Onlookers watch while the money rained down into and around a duffel bag. Larger, Redesigned ATM a Good Solution A customer was intentionally withdrawing the money, according to Adam Gramowski, owner and…

Cannabis Needs Crypto to Usher its Gray Market Into The 21st Century

Cannabis Needs Crypto to Usher its Gray Market Into The 21st Century 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: People have long anticipated the legalization of marijuana, long before ‘crypto’ became a buzzword. Over 25 states currently have some form of legalization, with several already moving onto full recreational legalization. A similar process played out during the end of alcohol prohibition in the United States. States, one by one, made alcohol legal again. Eventually, a constitutional amendment was recirculated, but by the time it passed, most residents had some legal access to alcohol yet again. Individual jurisdictions were still allowed to restrict the sale and possession of…

Dow 35,000: Trump Rails at Fed for Wiping 10,000 Points Off the DJIA

Dow 35,000: Trump Rails at Fed for Wiping 10,000 Points Off the DJIA 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

 By CCN: President Donald Trump doubled down on his longstanding claim that the stock market would be 10,000 points higher if the Federal Reserve hadn’t raised interest rates during his first term. President Trump: I Built This Economy In an interview with Fox News’ Laura Ingraham on the 75th Anniversary of D-Day, Trump assured viewers the economy is doing just swell, and would be doing even better with lower interest rates: “I built an economy that’s incredible. We’re up $14 trillion in value. Look at what’s going on with the…

Dinosaur Jamie Dimon Needs to Accept That Millennials Hate JPMorgan

Dinosaur Jamie Dimon Needs to Accept That Millennials Hate JPMorgan 10  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 11  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…