bitcoin Cryptocurrency News north korea Op-ed 

North Korea Jumps The Cryptocurrency Shark By Announcing Its Own Bitcoin – CCN.com

In the world of cryptocurrency and bitcoins, which I consider to be a bubble worse than the Dutch tulip craze of the 1600s, there could only be one thing worse. That would be saying something because as I’ve argued repeatedly here at CCN, bitcoin is vapor. There is nothing to back it, it isn’t money, there is no rhyme or reason for the price that it trades at in the market, and is nothing more than gambling in a casino that has worse odds than Las Vegas. While supporters of…

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Business News Entertainment Netflix Op-ed Seinfeld 

Netflix Will Start Streaming “Seinfeld” Around the Time That Nobody Cares – CCN.com

Netflix will be adding “Seinfeld” to its service beginning in 2021. By then, it may be too late for Netflix to compete with all the other services. | Credit: AP Netflix is apparently doing its imitation of the Black Knight from “Monty Python and the Holy Grail,” i.e.”I’m not dead yet.” Netflix’s latest attempt to remain relevant is to secure streaming rights to all episodes of the hit NBC series “Seinfeld,” which will begin streaming on Netflix…in 2021. For the past several years, Netflix has borrowed billions of dollars in…

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bitcoin Bitcoin Analysis Bitcoin Research Cryptocurrency News Op-ed 

Bitcoin Is Ideal Hedge Amidst Rising Global Uncertainty – CCN.com

Many claim that bitcoin is the “new gold.” However, BTC is not correlated with any asset, including gold. Hence, it’s a good hedge. | Source: Shutterstock The U.S.-China trade war, the Hong Kong protests, and now the attack on Saudi Arabian oil producer Aramco – these events add more pressure to financial and commodity markets that already look overextended; stocks are trading close to all-time highs. On top of that, central banks are slashing interest rates and printing money while the real-estate market is still overpriced. Stocks, bonds, and property…

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Business News Gamestop Gaming Op-ed 

Time is Ticking for GameStop to Figure Out Its Future – CCN.com

| Image: Shutterstock For all of the amazing businesses that the Internet has launched, it is also put a number of them out of business. We already know that Amazon is mowing its way through brick-and-mortar retail stores like machine-gun-toting survivalists in the zombie apocalypse. The move in gaming to online experiences has put the physical store GameStop in a major pickle. Management clearly did not see this trend coming, or if it did, it ignored it. Now the chickens have come home to roost and GameStop has a very…

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Business News Entertainment nas Op-ed 

Rapper Nas & the No-Good-Very-Bad Payday Loan Investment – CCN.com

Nas wasn’t wrong to back a fintech product designed to disrupt the payday loan industry. He just threw his weight behind the wrong one. | Source: Shutterstock Famed rapper Nasir Jones (“Nas”) made a poor choice in backing a revolutionary new financial services product that provides “earned wage access” to employees. A variety of earned wage access companies have popped up in recent years, but only one of them has a model that is worse than the payday loans it’s designed to replace. Regrettably, Nas chose to support that one…

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IPO Op-ed SoftBank wework 

SoftBank Doubles Down on Its WeWork Loss – CCN.com

SoftBank has been forced to buy into the WeWork IPO as the only way to average down its initial losing investment. | Credit: Reuters Legendary investment firm SoftBank, which was once but a Japanese telecom provider, plans to plow another $750 million into the WeWork IPO, according to a report in The Wall Street Journal. This would be in addition to the $2 billion it invested earlier. This looks like a classic case of SoftBank averaging down from its original investment. The SoftBank Scramble The original $2 billion investment came…

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apple iphone 11 Op-ed 

The $699 iPhone 11 Means Apple Is Caving to Market Pressure – CCN.com

The $699 standard version of the iPhone 11 might just be its most compelling launch in years — and shows that Apple is feeling the pressure. | Source: REUTERS/Stephen Lam Earlier this week, Apple unveiled its new line of iPhone 11 smartphones. While most of the spotlight was shown on the camera-heavy iPhone 11 Pro model, the $699 standard version of the phone might just be its most compelling iPhone launch in years — and shows that the American multinational technology company might finally be feeling some pressure from competitors…

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Elon Musk folksam Op-ed Tesla 

Tesla Banned from ‘Safest Cars’ List for the Stupidest Reason – CCN.com

Tesla was banned from Swedish insurance company Folksam’s “safest cars” list for the stupidest reason: They don’t crash enough. Seriously. | Source: REUTERS / Amanda Voisard If Tesla wants to be considered one of the safest car-makers on the road, they need to crash more. Folksam, a Swedish insurance company, released their annual study on the safest cars in their country, and the electric car company was notably omitted. Apparently, Folksam requires vehicles to get into a certain number of accidents to qualify. The insurance company says they only recorded…

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ecb eurozone Mario Draghi Market News Op-ed 

European Central Bank Runs Out of Ammo to Stop Eurozone Recession

The ECB is slashing rates but the recession train may have left the station. | Source: Shutterstock “Whatever it takes.”  That’s the mantra of Mario Draghi and the European Central Bank (ECB) as they slashed interest rates yet further into negative territory on Thursday. The ECB cut the base rate to -0.5% and unleashed another aggressive bond-buying program (€20 billion) in a bid to stimulate the eurozone economy.  But as the eurozone teeters towards recession, it’s time to admit that the ECB has run out of ammo. Draghi has gone…

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Ethereum Op-ed 

3 Solid Reasons Why Ethereum Looks Stronger Than Ever – CCN Markets

Ethereum has the most active developers, leads all other platforms in the number of DApps, and will introduce sharding early next year. | Source: Shutterstock Critics have been trying to spread fear, uncertainty, and doubt on the No. 2 cryptocurrency in light of its scaling issues. It’s true that Ethereum is struggling with congestion as network utilization is above 94 percent. As a result, it becomes costly to run applications. Nevertheless, the cryptocurrency’s biggest problem appears to be its source of strength. The network is congested because there are so…

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