Apple Announces New Services; Will They Help Its Ailing Stock?

Tech giant Apple is bringing new programs and services to the table. Time to Read Up Through a livestream hosted by CEO Tim Cook, audiences were introduced to Apple News+, an extension of the already popular Apple News. Apple News+ will bring over 300 magazines to users, covering topics like entertainment, news, politics and travel. Users will receive personalized news feeds based on their previous reading habits. Among the app’s primary offerings are the live covers that will feature moving images and the “today tab,” which offers all the latest and most recent articles for users to examine. Apple News+

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Why Fake Crypto Volume Plague Could Actually Raise Odds of Bitcoin ETF Approval

In March 2017, the U.S. Securities and Exchange Commission (SEC) denied the first ever bitcoin exchange-traded fund (ETF) proposal. Since then, many bitcoin ETF applications have been filed by nearly ten companies, and many of them have been rejected by the SEC for similar reasons. This week, in a presentation to the SEC, Bitwise revealed that the overwhelming majority of the trading volume in the bitcoin exchange market is fake and that a substantially large portion of the global bitcoin volume comes from the United States. Ironically, the fake volume plague in the cryptocurrency exchange market may increase the probability

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Dow Extends Brutal Plunge as Recession Fears Pummel Stock Market

The Dow and broader U.S. stock market extended their slide Monday after an inverted yield curve stoked fears of an impending recession for the world’s largest economy. Dow Extends Slide; S&P 500, Nasdaq Follow All of Wall Street’s major indexes continued lower at the start of the week, reflecting a tepid pre-market session for Dow futures. The Dow Jones Industrial Average declined by as much as 128 points before paring losses later in the session. The index was last down 62 points, or 0.2%, to 25,440.08. The broad S&P 500 Index of large-cap stocks declined 0.4% to close at 2,790.73.

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Microsoft Bing Trashed 5 Million Crypto Ads in 2018: Who Cares?

Microsoft search engine Bing ranked second in popularity in January. The ranking didn’t include YouTube, which by itself processes 3 billion queries per month. This ranking enabled Microsoft to have a severe impact on the dissemination of cryptocurrency advertisements in 2018, according to a “year in review” report published today. Comedy Gold: Microsoft Says 2018 Saw Bitcoin ‘Bull Run’ First, comedy gold. The Bing report wrongly claims that cryptocurrency experienced a “bull run” in 2018. “Cryptocurrency as an asset class saw a bull run in 2018, increasing valuations multi-fold.” As readers are probably well aware, 2018 was the wind-down year.

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Dow Should Rally as Chicago Fed Forecasts No Rate Hikes Until 2020

According to the Wall Street Journal, Chicago Fed President Charles Evans said at the Credit Suisse Asian Investment Conference in Hong Kong that he does not foresee the Federal Reserve increasing its benchmark interest rate until 2020, which could benefit the Dow Jones in the long run. Chicago Fed Rate Forecast Should Help Dow Recover While Evans remained reluctant to provide a conclusive comment on whether the Fed will maintain its rate considering various factors that may affect the economy of the U.S., the Fed president said that the U.S. economy is currently in a strong position. Fundamentals in the

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Bitcoin Backers Should Be Ticked if SEC Approves Negative-Fee ETF

U.S. crypto investors have been waiting for what seems like forever for a Bitcoin ETF, but the Securities and Exchange Commission keeps scowling at their proposals. However, there’s another innovative exchange-traded fund (ETF) proposal sitting on the SEC’s desk, and while it engages solely with traditional markets, it’s nevertheless based on a scheme that observers must admit is a naked marketing ploy. In the works is what’s supposed to be a low-cost ETF that not only slashes fees to the bone but actually pays investors to purchase shares. If the SEC green lights this fund, Bitcoin proponents would rightfully be

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Here’s Why Crypto Maximine Coin (MXM) Jumped 754.5% in March

Maximine Coin’s MXM token is one of the leading performers in the crypto land for March. The MXM-to-dollar rate today surged to 0.094, up 754.5-percent since the month’s open, in an aggressive upside swing. In the past 24 hours itself, the pair posted maximum gains, rising 30-percent on an adjusted timeframe. Simultaneously, MXM performed reasonably well against top crypto assets; it jumped 30.77-percent against bitcoin and 31.47-percent against ether. The MXM’s market capitalization jumped approx $134 million between March 1 and today. Given the coin was and continues to be available on only a handful of crypto exchanges, the surge

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“Ripple” of China? Ultrain Is Leading a New Era of Public Blockchain

As Ripple emerges as the latest form of global transaction company, it continues to shine as one of the world’s top blockchain projects. Ripple’s accomplishment is a result of strategically building its implementation of blockchain technology to service existing financial tycoons and banking corporations. Ultrain’s plan to deliver key services to existing companies shares a similar strategic advantage, which has been at the core of the project since initiation. Although not involved in banking or payment, Ultrain is devoted to provide trusted computing services to enterprise clients and empower traditional industries with blockchain technology, that resemblance reminds many of Ripple.

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Despite Trump’s Victory with the Mueller Report, Dems Are Still Whining

The debacle is over. After two long and wasteful years, special counsel Robert Mueller has submitted his report to the Department of Justice (DOJ) only to prove what many of us already knew… That no collusion occurred between President Trump and Russia. Muller’s report says that neither Trump, nor any of his aides coordinated or conspired with Russian officials during the 2016 presidential election. He is also suggesting that no further indictments take place. In the Clear? The President celebrated in traditional Trump fashion by taking to Twitter to present the news: No Collusion, No Obstruction, Complete and Total EXONERATION.

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Bitcoin is Nothing More Than ‘Bovine Excrement’: Berkeley Researcher

Move over, Jamie Dimon, because there’s a new contender for the coveted title of “king bear of the bitcoin-bashing brigade”: technologist Nicholas Weaver. Technologist Nicholas Weaver Rants Against Bitcoin While he might not have the mainstream name recognition of Jamie Dimon, or Warren Buffett, or even Nouriel Roubini, Weaver – a senior researcher at the International Computer Science Institute at Berkeley – has proven that he can sling bitcoin barbs like the best of them. Speaking during the latest episode of Bloomberg’s Odd Lots podcast, Weaver, who previously said that blockchain and cryptocurrency should both be “burned with fire,” wasted

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