Warren Wealth Tax Would Cost Mark Cuban 500 Shark Tank Deals

Mark Cuban would pay over $100 million in the first year under Elizabeth Warren’s wealth tax. The Shark Tank star has suggested an ulterior motive behind Warren’s radical ideas. Billionaire Tom Steyer has criticized Cuban over his attacks on Warren. The list of billionaires attacking Democratic presidential candidate Elizabeth Warren’s wealth tax plan is growing. […]

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Huobi Cloud to Offer White-Label Exchange Services in Middle East, Africa

Huobi Cloud, part of the crypto exchange Huobi Group, has announced its plan to provide more local financial institutions with white-label exchange services based on cloud technology in the Middle East and Africa. Existing institutions include the Nigeria-based SaBi exchange, with about $100,000 worth of daily crypto trading volume, and the South African exchange HIZA, […]

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John McCain Would Love Twitter’s Political Ad Ban

Jack Dorsey announced a ban on political ads starting November. The late Sen. John McCain was a life-long foe of “soft money.” Hillary Clinton supports Twitter’s political ban, and has condemned Facebook for hanging on to political advertising dollars. Donald Trump opposed Twitter’s new ad policy. With Twitter’s ban on paid political advertising, Jack Dorsey […]

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Cristiano Ronaldo Pockets Nearly $1 Million Per Paid Instagram Post

Cristiano Ronaldo incurred a substantial pay cut last year when he left Real Madrid for a new challenge with Juventus. Don’t feel too bad for the pride of Portugal, though. Not only does his contract with the Serie A power keep Ronaldo among the highest-paid footballers in the world, but he also enjoys a steady, […]

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Libra Could Drop ‘Basket’ and Issue Individual Fiat Stablecoins

The Facebook-led Libra project may consider a fundamental change to the way its planned global payments system will operate, according to its chief. Speaking at a banking seminar, according to a Reuters report on Sunday, co-creator of Libra David Marcus said that the firm could consider dropping the currently planned “synthetic” stablecoin – which is […]

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WATCH: ‘Big Four’ Exec Says Privacy is Key to Enterprise Blockchain Adoption

A senior executive at Big Four auditor Ernst & Young (EY) thinks blockchain will revolutionize commerce – if the community can solve its privacy issues. “Blockchain is going to be the tool that ties together not just individual companies, but whole business ecosystems and networks,” says EY global innovation lead Paul Brody. “Enterprises will not […]

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Token Investors May Sue After Former Korean Social Media Giant Shuts Down

Investors in the “clink” token launched by Korean social media firm Cyworld earlier this year are up in arms over the firm’s abrupt closure. As reported in The Korea Times, Cyworld shut down on Oct. 1 without warning, leaving clink investors uncertain if their holdings continue to have any value. Adding to the mess, two Korean […]

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Manchester United Stock Plummets as Miserable Football Run Continues

With Manchester United (NYSE: MANU) having its worst start to a league season in three decades, the stock has been plummeting alongside the soccer team’s poor performances on the pitch. From the yearly high achieved in February, the stock of the English Premier League (EPL) soccer club has dropped by 27%. After the soccer club’s […]

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Token Tech firm Securitize Raises $14 Million From Santander, MUFG, Nomura

Regulated token issuance technology provider Securitize has raised $14 million from investors including the investment arms of major financial companies. Securitize announced in a press release Tuesday that the funding – an extension of its Series A round – was backed by Santander InnoVentures, MUFG Innovation Partners and Nomura Holdings. Also participating this time round were existing investors of the Series […]

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Bakkt Is Finally Launching Its Bitcoin Futures Today. Here’s What to Expect

Bakkt is finally here. After two delays and 13 months of questions, the Intercontinental Exchange-backed bitcoin warehouse and futures contract facilitator is launching Monday, opening the door for institutional investors to take positions on the cryptocurrency in a federally regulated venue. Trading is set to open at midnight UTC and close at 22:00. For the […]

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