Day: October 21, 2018

Weak Demand for Mining Hardware Impacts TSMC’s Growth Outlook

Weak Demand for Mining Hardware Impacts TSMC’s Growth Outlook During a recent Q3 earnings call, the world’s largest producer of semiconductors, Taiwan Semiconductor Manufacturing Company (TSMC), forecasted weakening growth for the rest of 2018 due to declining demand for cryptocurrency mining hardware. This outlook comes despite anticipating a significant increase […]

Weak Demand for Mining Hardware Impacts TSMC’s Growth Outlook

Weak Demand for Mining Hardware Impacts TSMC’s Growth Outlook During a recent Q3 earnings call, the world’s largest producer of semiconductors, Taiwan Semiconductor Manufacturing Company (TSMC), forecasted weakening growth for the rest of 2018 due to declining demand for cryptocurrency mining hardware. This outlook comes despite anticipating a significant increase […]

World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe

World’s Biggest Banks Helped Clients Steal Billion in Taxes in Europe Europe’s top banks allegedly helped wealthy clients across the continent steal 55 billion euros ($ 63 billion) from multiple governments by making tax reclaims to which they were not entitled, an investigation has revealed. The theft centred around a […]

US Federal Court Fines Bitcoin Ponzi Schemer Over $2.5 Million

US Federal Court Fines Bitcoin Ponzi Schemer Over .5 Million A U.S. federal court has fined a New York firm and its chief executive officer over $ 2.5 million in the first anti-fraud action involving bitcoin filed by the Commodity Futures Trading Commission. The Ponzi scheme involved a fake pooled investment […]

Markets Update: A Narrowing Range of Consolidation and Lower Trade Volumes

Markets Update: A Narrowing Range of Consolidation and Lower Trade Volumes Not a lot has changed since our last markets update four days ago as cryptocurrency markets continue moving sideways in a consolidated pattern. The top five digital assets have seen modest northbound gains this week, with increases between 1-5% […]

Celebrity ICO Endorsers Face Legal Blowback Over Alleged Fraud

Celebrity ICO Endorsers Face Legal Blowback Over Alleged Fraud Boxing superstar Floyd Mayweather and rap producer DJ Khaled face a legal battle for serving as celebrity endorsers to an initial coin offering (ICO) accused of fraud. The founders of the allegedly fraudulent ICO were arrested by American criminal authorities back […]

The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow $553M

The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow 3M In today’s edition of The Daily we cover stories about the latest investment in the cryptocurrency space by Goldman Sachs, the amount institutional traders borrowed in the last six months from just one OTC desk, research on state-sponsored hackers, […]

Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them?

Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them? When the idea of a working digital currency like bitcoin was introduced, many of its early adopters disliked the current bureaucratic system, with a cartel of bankers pulling the world’s monetary strings. Over time, however, something weird […]