Update: The NBA has banned Golden State Warriors minority owner Mark Stevens from attending games or team activities for one year. Stevens has also been fined $500,000 for his verbal and physical abuse of Toronto Raptors point guard Kyle Lowry. Reports indicate that Stevens may be pressured to sell his stake in the Warriors.
Determining an intrinsic value for bitcoin is difficult, in large part because it’s different things to different people. For some, bitcoin is a digital collectible they hope to hold onto forever (well, at least until it’s worth $100,000 or more). For others, bitcoin is a currency, as real as the US dollar or the euro. The truth is, there isn’t a universal truth about bitcoin’s nature, so a combination of speculative value and use value get wrapped into the cryptocurrency’s global price.
After the Toronto Raptors won the NBA’s Eastern Conference finals on May 25, a reporter asked point guard Kyle Lowry what was different about this team. For years, the Raptors were a solid franchise, racking up wins in the regular season, only to fall short in the playoffs. Finally, they’d climbed the mountain—they were going to the NBA Finals. Lowry chuckled before knowingly glancing at the man sitting to his right: Kawhi Leonard.
Are crypto tokens investments or do they deserve their own regulatory classification?
You know what $400 million can buy? A complete college education for 2,000 students. Also, the naming rights to an NFL stadium.
Kik is a free messaging platform, available on iOS and Android. It surged to popularity among teenagers—and child predators—during the early 2010s, but growth has since stalled, purportedly at around 15 million users. CEO Ted Livingston may have obliquely revised that number downward when he said that the platform has “millions” of monthly active users, in an interview last year.
After ignominiously canceling plans for a new headquarters in Queens, New York, Amazon is apparently shopping for office space in Manhattan. The company is looking for “at least 100,000 square feet or much more,” according to a report in the New York Post May 27.
In his 2008 letter to Berkshire Hathaway’s shareholders, Warren Buffett recalled a lesson from his mentor, investor Benjamin Graham: “Price is what you pay; value is what you get.”
In the cryptocurrency world, there are movers and shakers—and then, there’s Tether. It’s hard to overstate the importance of this company and its eponymous token, created by iFinex, for the crypto ecosystem.
Part of cryptocurrency’s appeal was its promise of a financial system that eliminated the brokers and other middlemen that created friction, and fees, in transactions. But the middleman has arrived in crypto—and blockchain development is worse for it.
Two young crypto-entrepreneurs climbed the stage in the press room of the Consensus convention and sat behind a small table. “Thanks for being here, everybody,” they said to the room of reporters, none of whom paid them much attention. The two proceeded to give a presentation that was more or less ignored. In sympathy, I offered applause at the end of the tiny press conference. Then, as quickly as they arrived, the boyish founders disappeared into the crowd and the small press corps returned to our writing and interviews.
The price of bitcoin raced from $5,000 to $8,000 in the last month, evidence of a possible cryptocurrency revival. This time, demand may be fueled by an institutional embrace of crypto, rather than the retail investment mania of 2017.
Hackers stole more than $40 million of bitcoin from Binance, a popular cryptocurrency exchange, the company said Tuesday. The burglars “used a variety of techniques, including phishing, viruses and other attacks” to pilfer 7,000 bitcoins. Each coin currently trades for $5,900.
The race to make cryptocurrency trading convenient has suffered through fits and starts. Although buyers can now easily sign up for dedicated crypto exchanges, such as Coinbase and Gemini, general-purpose brokerage companies have slowly realized the market’s potential, too, especially as a device to attract new, young customers.
The Alliance of American Football, an eight-team professional football league, collapsed last month due to financial duress, just eight weeks into its inaugural season. The AAF’s chairman, Tom Dundon—also owner of the NHL’s Carolina Hurricanes—suspended operations, cancelling the last two games of the regular season and the playoffs.
BreakerMag, an online publication celebrated for its long-form articles about blockchain and cryptocurrency, announced Tuesday that it is shutting down. The publication was around for about a year, but quickly carved out a name for itself as a contrarian voice in crypto media.
Duplicitous statements and secretive money transfers by a long-troubled bitcoin exchange could put the broader cryptocurrency markets in serious jeopardy.
Elon Musk, CEO of Tesla, reached an agreement with the US Securities and Exchange Commission yesterday that requires the rambunctious executive to receive preapproval from lawyers before tweeting about certain topics. The SEC complained that Musk was in contempt of court after he tweeted about Tesla’s 2019 production goals in February.
Talk about super. Avengers: Endgame is rewriting the record books.
If you’re looking for a strong bottom line, maybe try checking your waistline. Three staples of the American diet—pizza, candy, and soda—helped pad the portfolios of investors this week, even outperforming the S&P 500, which set a new all-time high.
Imagine a thief going door to door in a neighborhood, checking for homes that were left unlocked to rob. That’s essentially what’s happening on the ethereum blockchain, but on a much larger scale—and at a dizzying pace.
Andrew Yang is one of 19 Democrats who have declared their candidacy for president in the 2020 US election, but he is the only candidate so far who has incorporated blockchain into a major tenet of his platform.
Craig Wright, an Australian computer scientist, has repeatedly drawn the ire of the cryptocurrency community by claiming to be Satoshi Nakamoto, the creator of bitcoin. He’s gone as far as threatening legal action against people who question his unsubstantiated claim. This time, though, it appears Wright may have overstepped.
Social media is an indispensable part of the college experience, with Facebook and other platforms making it easy to communicate, plan events, and share photos. Needless to say, not everything that students post on social media looks great to recruiters when applying for jobs. This applies to all job seekers, but perhaps most pertinently to young graduates, who find that social media suddenly encompasses both their personal and professional lives.
