Tag Archives: Market News

Apple CEO Tim Cook confirmed to Les Echos on Thursday that the American smartphone giant won’t be taking steps to develop its own cryptocurrency. As the Facebook debacle continues, mainstream media has been left to speculate on who next will wade into the murky waters of decentralized payment systems. When asked how Apple would respond in the wake of Facebook’s attempted Libra launch, Cook responded: “No. I deeply believe that money must remain in the hands of states… Money, like Defense,...

Peter Schiff, the chief executive of Euro Pacific Capital and Chairman of Schiff Gold, is an outspoken bitcoin hater. His animosity against the top cryptocurrency can be traced as far back as June 21, 2011. In his very own radio show, Schiff fervently expressed how bitcoin had no intrinsic value. He said, Intrinsically, the bitcoin itself has no value. It only has value as a medium of exchange so long as people are willing to accept it. The talk show host then proceeded to emphasize the...

As the bitcoin price languishes at $8,300, down more than 12% on the day, Fundstrat Co-Founder Thomas Lee has an unfortunate truth for crypto bulls. Lee does not believe bitcoin is a safe haven; in fact, quite the opposite as he forecasts that the S&P 500 will need to hit fresh highs this year before BTC can.S&P 500 May Be Bitcoin Price's Key FundamentalThe fundamental reasoning behind the strategist's claim is sound. He and his team at Fundstrat believe that retail investors, not...

Patrick Byrne, Overstock's former CEO, is cashing out of the company he built. | Image: AP Photo/Steve C. Wilson Ousted former CEO of Overstock, Patrick Byrne, revealed via a regulatory filing on Wednesday that he offloaded his entire holdings in the internet retailer he's been at the helm for since 1999. Byrne liquidated his entire holdings. | Source:...