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| May 23, 2019

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Dow, US stock futures fall on fears of trade retaliation from China

May 14, 2019 |

Dow, US stock futures fall on fears of trade retaliation from ChinaStocks futures fell in pre-market trading Monday after Trump's chief economic adviser said he expected China to retaliate against the higher tariffs.

Yahoo News – Latest News & Headlines

Trump appears to claim he should receive two extra years as president amid increasing fears he won't accept result of 2020 election

May 6, 2019 |

Trump appears to claim he should receive two extra years as president amid increasing fears he won't accept result of 2020 electionDonald Trump has appeared to claim he should receive an additional two years as president in “reparations” for the Mueller investigation. The US president shared on Sunday a tweet by Jerry Falwell Jr, president of evangelical Christian university Liberty University and a prominent supporter of Mr Trump. “After the best week ever for @realDonaldTrump – no obstruction, no collusion, NYT admits @BarackObama did spy on his campaign, & the economy is soaring,” Mr Falwell falsely claimed. In fact there is no evidence to suggest former president Barack Obama had any role in probing the Trump campaign, and special counsel Robert Mueller has provided multiple instances in which Mr Trump attempted to impede his investigation into Russian interference in the 2016 election. “I now support reparations,” Mr Fallwell added in the tweet the president shared on his account. “Trump should have 2 yrs added to his 1st term as pay back for time stolen by this corrupt failed coup.” Though Mr Trump did not explicitly endorse the message he shared, he regularly and almost exclusively retweets messages he agrees with.He followed up the retweet with posts of his own bemoaning two years “stollen” (sic) by the special counsel’s probe, which was launched in May 2017 and concluded with Mr Mueller’s 448-page report, which was published last month. “Despite the tremendous success that I have had as President, including perhaps the greatest ECONOMY and most successful first two years of any President in history, they have stollen two years of my (our) Presidency (Collusion Delusion) that we will never be able to get back,” he tweeted. “The Witch Hunt is over but we will never forget. MAKE AMERICA GREAT AGAIN!” The allusion to an extended presidency came just hours after Nancy Pelosi suggested Mr Trump might not voluntarily leave the White House if Democrats fail to win “big” in 2020. The Democratic house speaker said Mr Trump may contest the result and refuse to give up power if her party’s candidate won only by a narrow margin. “We have to inoculate against that, we have to be prepared for that,” she told The New York Times.Michael Cohen, Mr Trump’s former lawyer and personal fixer, raised the prospect of Mr Trump ignoring the results of the election during congressional testimony in February. “Given my experience working for Mr Trump, I fear that if he loses the election in 2020, there will never be a peaceful transition of power,” Cohen, who will be jailed today for his role in Trump campaign finance violations, said during his closing remarks.

Yahoo News – Latest News & Headlines


Sri Lanka suspect’s sister fears 18 relatives are dead

April 29, 2019 |

The sister of the suspected ringleader of Sri Lanka’s deadly Easter Sunday bombings has told CNN up to 18 of her family members are missing and feared dead since the attacks and subsequent raids. – RSS Channel – World

Scared Muslim refugees flee Sri Lankan homes over attack fears

April 26, 2019 |

Scared Muslim refugees flee Sri Lankan homes over attack fearsHundreds of Muslim refugees in western Sri Lanka have taken refuge in mosques and a police station after facing intimidation following the deadly Easter bombings, activists said Thursday. At least 359 people died in Sunday’s coordinated suicide blasts, including more than 100 Christians attending mass at St Sebastian’s church in Negombo on the island’s west coast. The attacks have been condemned by leaders of the country’s Muslim minority who have said mosques will not bury the bombers, and the community has been left in fear of a backlash.

Yahoo News – Latest News & Headlines

Election ads urge Finns 'think for yourself' amid fake news fears

April 13, 2019 |

Election ads urge Finns 'think for yourself' amid fake news fearsAhead of elections in Finland on Sunday, officials have launched a publicity campaign to warn against fake news and disinformation amid fears that outside bodies may try to influence how Finns vote. Authorities in the Nordic EU country of 5.5 million people, which shares a 1,300-kilometre (800-mile) land border with Russia, have for years been alert to the threat of attempts to sway Finnish public opinion through propaganda, particularly that attacking the European Union and NATO. Experts and ministers in non-NATO Finland have said much of the disinformation appears to link back to the Kremlin, which is believed to use the tactic to further its own political aims abroad.

Yahoo News – Latest News & Headlines

Crude Oil Market Rallies on Fading Fears of a Glut

April 8, 2019 |

Crude Oil Market Rallies on Fading Fears of a GlutMoney managers haven’t been this optimistic about U.S. oil prices since early October, just before the crude market began a steep decline on fears of a global oversupply. Crude made a steady comeback this year and sentiment has climbed alongside it, with the net-long position rising for the sixth straight week in data posted on Friday. West Texas Intermediate crude prices rallied almost 5 percent this week as OPEC stuck to output cuts and blackouts continued to sap Venezuelan production.

Yahoo News – Latest News & Headlines

Arrest of Chinese Woman Raises Security Fears at Mar-a-Lago

April 3, 2019 |

Serious questions are being asked about security at President Trump’s Mar-a-Lago resort after the arrest of a Chinese woman who was carrying a thumb drive with “malacious malware.” According to a court documents, Yujing Zhang told security officials Saturday she was a member who wanted to use the pool at…

Dow Has Rough Day as Recession Fears Rise

March 23, 2019 |

Stocks closed broadly lower on Wall Street Friday, erasing their gains for the week, as investors became increasingly worried that the global economy is slowing down. The S&P 500 fell 54 points, or 1.9%, to 2,800; the Dow Jones Industrial Average lost 460 points, 1.8%, to 25,…

Stocks tumble as fears about the U.S. and worldwide economy spread

March 22, 2019 |

Fears of a steeper slowdown in the global economy rattled financial markets Friday, sending stock prices sharply lower and bond prices higher as investors piled into safer securities.

The stock market has been climbing this year — and celebrated its historic, 10-year-bull rally two weeks ago —…

L.A. Times – Business

In the Daily: New FSB Chair Fears Crypto, Wikileaks Goes After CSW, Bakkt Update

February 12, 2019 |

In the Daily: New FSB Chair Fears Crypto, Wikileaks Goes After CSW, Bakkt Update

In this edition of The Daily we cover recent remarks from the new Chair of the Financial Stability Board (FSB), a spat between Wikileaks and Craig S. Wright (CSW), and the latest update about the upcoming institutional crypto platform Bakkt.

Also Read: In the Daily: BCH Charity Anniversary, Lighting Wholesaler Takes Crypto, Atomicpay Vanity URLs

New FSB Chair Fears Crypto

Randal Quarles is an equity investor and former U.S. Under Secretary of the Treasury for Domestic Finance who now serves as vice chair for supervision of the Federal Reserve Board of Governors. At his inaugural speech as Chair of the Financial Stability Board (FSB) at a Bank for International Settlements (BIS) meeting in Hong Kong he remarked on the challenges cryptocurrencies offer for the Switzerland-based intergovernmental body.

Quarles said that “the FSB has decided to undertake a review of its framework for assessing vulnerabilities to ensure that we are at the cutting edge of financial stability vulnerability assessment … This should be a framework that starts from first principles and benefits from substantial dialogue with non-banks as well as banks, regulators, and other relevant official bodies … I trust that the framework will harness the strength of the broad and diverse membership of the FSB, that it will be forward looking, and that it will be flexible enough to handle a financial system that will continue to evolve over time. This will not be easy — developments like the emergence of crypto-assets may challenge any framework — but that makes the goal of a robust framework all the more important.”

In the Daily: New FSB Chair Fears Crypto, Wikileaks Goes After CSW, Bakkt Update
Federal Reserve Board Building, Washington, DC

The FSB is an international body that monitors and assesses vulnerabilities affecting the global financial system and includes all G20 economies. Back in October 2018, a report by the organization titled “Crypto-asset markets: Potential channels for future financial stability implications” determined that “based on the available information, crypto-assets do not pose a material risk to global financial stability at this time.”

Wikileaks Goes After CSW

Wikileaks, the non-profit for publishing classified information founded by Julian Assange, has set its sights on BSV’s Craig Wright. The organization tweeted: “Serial fabricator who claims to be inventor of Bitcoin, Craig S. Wright, now claims that Bitcoin was always pro-state and that he always worked for the prosecution, as he tries to raise money for business project and escape court action.”

This was in direct response to a recent Medium post by CSW where he wrote: “Bitcoin was never designed to help an anonymous money-transfer system, and I was always opposed to those seeking to operate outside the law.” He also added that “I do not like Wikileaks, and I have never been a fan of Assange’s methods. More importantly, I am strongly opposed to criminal markets and bucket shops. Ross Ulbricht and others like him are criminals. They are not freedom fighters, they are not libertarians. They simply are predators, and they are all that Bitcoin was designed to make far more difficult.”

In the Daily: New FSB Chair Fears Crypto, Wikileaks Goes After CSW, Bakkt Update

Wikileaks started accepting bitcoin in June 2011 after it suffered its first financial blockade when Paypal, Mastercard, Visa, and Bank of America stopped enabling people to donate to the organization. Last year, Wikileaks announced that Coinbase had blocked its official Wikileaks shop without notice and called for a global blockade of the cryptocurrency exchange.

Bakkt Exchange Update

A recent earnings call by Intercontinental Exchange (ICE) has revealed new details about its awaited cryptocurrency futures trading subsidiary, Bakkt. According to ICE’s exceptions, the investment in Bakkt will generate $ 20 million to $ 25 million of expenses based upon the run rate in the first quarter.

ICE CEO Jeff Sprecher explained to analysts in the call that “Bakkt is a unique structure for us and we’ve actually set it up as a separate company with a separate name, its own management team and separate capitalization. So right now ICE is the majority investor in the company, I expect that we’ll do other rounds of financing.”

In the Daily: New FSB Chair Fears Crypto, Wikileaks Goes After CSW, Bakkt Update

Sprecher also added: “We have very, very large retail franchises [with] global connectivity to end users that we hope will be brought into that ecosystem and could create a very, very valuable company out of that initiative if our business plan plays out … So it’s a bit of a moonshot bet and it’s been organized in a manner that is very different than the way ICE typically does businesses …They’re well along in building out an infrastructure that I think you’ll see launch later this year.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.

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The post In the Daily: New FSB Chair Fears Crypto, Wikileaks Goes After CSW, Bakkt Update appeared first on Bitcoin News.

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