Binance Supports First Live Property Auction Using BTC and BNB

Cryptocurrency exchange Binance is partnering with real estate auctioneer James Pratt Auctions (JPA) to launch a live property auction using bitcoin and Binance Coin (BNB). On April 8, buyers can bid on – and buy – a futuristic-looking, luxury, beach-front mansion nicknamed ‘The Jetsons” in Casuarina, New South Wales, using BTC or BNB. The auction follows a partnership between Binance, JPA and NuYen Exchange. It also represents another step towards greater adoption of digital currencies. CEO of JPA and head auctioneer James Pratt said his company is excited to embrace cryptocurrency: This process gives the consumer another option to consider

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Jamie Dimon: U.S. Economy Has Failed Minorities and the Poor

CEO of JPMorgan Chase Jamie Dimon believes the U.S. economy systemically rolls over ethnic minority groups and economically disadvantaged people, making it difficult or impossible for them to gain economic footholds and compete fairly. Speaking with CNN Money, Dimon refused to say whether this makes the U.S. institutionally racist, but he revealed that JPMorgan is developing a series of initiatives to tackle the problems raised by systemic inequality. Dimon says a problem facing such groups is that the economy is structured to be “fundamentally anti-poor,” making it hard for people to develop the skills they need to work. To this

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Volkswagen Faces SEC Lawsuit Over “Dieselgate” Scandal

German automaker Volkswagen is facing a lawsuit filed over its actions toward investors during the so-called “Dieselgate” scandal. Filed by the Securities and Exchange Commission (SEC), the lawsuit alleges that the automaker allowed investors to buy $13 billion worth of company bonds despite being aware of a growing scandal involving illegal software used to manipulate emissions’ testing results. The “Dieselgate” scandal of September 2015 revealed that Volkswagen cheated emissions tests on its diesel cars by installing illegal software to give them lower pollution readings. Since then, it has snowballed into an expensive global fiasco, costing the company more than $30

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Tezos Is Booming, and Crypto Enthusiasts Want to Know Why

Tezos is on fire, moving up from 45 cents a week ago to a high of over 60 cents. The change in bitcoin’s price probably isn’t enough to do that by itself, and Tezos has been charting steadily in both markets in the same direction. Luke Martin, a trader and analyst, asked the question first: Why is everyone talking about Tezos? — Luke Martin (@VentureCoinist) March 20, 2019 Gains Not Based on Social Media Buzz Santiment, a bot that follows the frequency of crypto terms in social media, noted that Tezos hasn’t seen a spike today: 🤔Everyone?@tezos hasn't pop up

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Norwegian Fund Hosts $7 Billion Mega-Sale of Energy Companies

The Norwegian Sovereign Fund has announced a $7 billion sale of shares for 134 exploratory fossil fuel and energy companies. Norway owns the largest sovereign fund in the world, the Government Pension Fund Global (GPFG), which is valued at over $1 trillion. In 2017, Norges Bank suggested that the fund step away from oil and gas stocks to protect against consistent downward trends in oil prices. The problem is that 6.4 percent of the fund is invested in these stocks. Over the last two years, the fund has honed a plan to divest upstream oil and gas shares. It will

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‘Bitcoin Bank’ Silvergate Says Crypto Client Base Climbed 122% in 2018

Silvergate Bank, which bills itself as the “leading provider of innovative financial infrastructure solutions and services to participants in the digital currency industry,” has disclosed in a preliminary prospectus filed with the U.S. Securities and Exchange Commission that despite the bearish conditions in the bitcoin market, its number of crypto industry clients surged in 2018. Silvergate Crypto Client Deposits Rise to $1.58 Billion By the end of last year, Silvergate revealed that it had 542 cryptocurrency-related customers. This was an increase of 122.1 percent from 2017 when the total number of customers was 244, per the prospectus. Total deposits also

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Huobi Prime Offers Cryptocurrency Investors a New Way to Trade

Tuesday, March 26 will see customers of the cryptocurrency exchange Huobi experience a whole new way of getting their fingers around cryptocurrencies. Known as Huobi Prime, the system is a coin-launch platform that ensures all currencies purchased by Huobi users are immediately deposited into their accounts and tradable against the Huobi Token (HT) with minimal delays, according to a company press release. Fast Money in Your Wallet Customers will also have access to coins at below-market prices, as well as new projects and currencies not yet listed on major exchanges. Huobi’s executive team works with the project leaders of every

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Ocasio-Cortez’s Popularity Is Dwindling Fast; Blames Fox News

Alexandria Ocasio-Cortez is blaming Fox News for her dying popularity. The New York Representative is being demonized by people from her state and across the country according to a new Siena College poll. The survey shows 44 percent of respondents as having an “unfavorable view” of the congressional newcomer. Compare this with the mere 31 percent boasting a favorable opinion. The reason people know more is bc Fox News has turned into “AOC TMZ” (no offense to TMZ), so awareness is growing w/ GOPers.@JaneMayerNYer has reported deeply on this propaganda machine + it will be aimed at any Dem they

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Dow Surges 160 Points in Minutes as Fed Says No Rate Hike in 2019

On Wednesday, 11 out of 17 officials at the Federal Reserve reportedly voted to not increase its benchmark interest rate, vowing to remain patient. The Dow Jones immediately responded, surging 163 points within minutes. According to the WSJ, most Federal Reserve officials foresee the central bank raising the interest rate once in the upcoming three years, a move that could have a sustainable impact on the U.S. market. With positive fundamental factors in place including an increase in wages and productivity growth, and the noticeable progress in the U.S.-China trade talks, the Dow is projected to rebound following a volatile

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CBOE Trashing Bitcoin Futures Signals Crypto Market Bottom: Brian Kelly

Cryptocurrency investor Brian Kelly believes that the decision to drop bitcoin futures by the Chicago Board Options Exchange (CBOE) represents a watershed in the history of bitcoin, signaling that the crypto market’s longest-ever decline has finally found a bottom. BKCM Founder: CBOE Exit Shows Bitcoin Bear Market is ‘Exhausted’ Speaking on Tuesday’s edition of CNBC Fast Money, the BKCM Digital Asset Fund founder and CEO stated that he sees improvement in bitcoin address growth and market sentiment since December 2018 as evidence that the retail end of the bear market is “exhausted.” CCN recently reported that CBOE ditched bitcoin futures,

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