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Riding The Blockchain Train: These Companies Changed Their Name, And Their Stock Price Soared

Many others had done it, but nobody quite as blatantly as beverage maker Long Island Iced Tea Corp, which on Thursday became the latest to jump on the cryptocurrency bandwagon, bizarrely but profitably changing its name to Long Blockchain Corp, which sent its shares soaring by 500%. In an ironic twist, we previewed LTEA’s hilarious […]


Liberals Behind “The Young Turks” And Vice Apologize For Blatant Sexism

The founders of two liberal news outlets found themselves apologizing over sexist remarks and a “boy’s club” environment filled with sexual harassment. Cenk Uygur, creator and host of popular liberal news show, The Young Turks (TYT), apologized last week for a series of now-deleted blog and social media posts from the early 2000s, published by The […]


Mexico Suffers Deadliest Year Ever: Violence Hits Cabo, Tourist Havens

Local authorities near the beautiful tourist town of Los Cabos on the Baja California peninsula found six bodies suspended from three different bridges this week. Authorities did not want to comment on the details surrounding how the men got onto the bridges, but Reuters suspects “drug gangs”, who often hang the bodies of their murdered rivals […]


Panic-Selling Turns To Buying-Scramble As Cryptocurrencies Recover Dramatically

Update 1600ET: Thanks to some serious dip-buying, the landcape across cryptocurrencies is not as completely devastating as it appeared this morning… *  *  * Update 1300ET: Bitcoin prices have somewhat stabilized for now around $13,000… *  *  * Update 1245ET: GDAX is down… *  *  * Update 1220ET: Mike Novogratz has shelved plans to launch […]


Crypto-Carnage: Bitcoin ‘Stabilizes’ Around $13,000 As Exchanges ‘Break’

Update 1300ET: Bitcoin prices have somewhat stabilized for now around $13,000… *  *  * Update 1245ET: GDAX is down… *  *  * Update 1220ET: Mike Novogratz has shelved plans to launch his fund, warning that: "We didn’t like market conditions and we wanted to re-evaluate what we’re doing…I look pretty smart pressing the pause button […]


Bitcoin: Gold Rush in the Wild Wild Math Game

By EconMatters   Bitcoin has become a buzz word in the investing community, not as an alternate currency unit replacing the fiat money, but as an asset class with a spectacular 1,600%+ return this year, valuation almost doubled just in the December month alone. Bitcoin was heading towards $20,000 before pulling back to $15,000 level on […]


Putin Warns “Russia Has Right To Respond” To US Military Buildup, Hints At Use Of Nuclear Weapons

Multiple Russian state media outlets are reporting that President Vladimir Putin has stressed that Russia has a right to respond to US military build-up in Europe while furthering its strategic nuclear deterrence capabilities in a speech delivered before a Defense Ministry meeting on Friday in the city of Balashikha outside of Moscow. At the same meeting […]


Crypto-Carnage: CME Bitcoin Futures Halted Limit-Down

Update: 0950ET – CME's Bitcoin Futures Contract was halted limit-down (down 20%) at $12,265 at 0945ET… *  *  * Following the most aggressive drop in Bitcoin in almost three years (plunging 37% from its highs in 5 days)… Bitcoin is now down over $9000 from its highs… Back to a $10,000 handle… And then it […]


Pakistan Plans Replacing Dollar With Yuan In Trade With China

Pakistan is considering replacing the U.S. dollar with the Chinese yuan for bilateral trade between Pakistan and China, Pakistan’s Minister for Planning and Development Ahsan Iqbal said according to Dawn Online and The Economic Times. Interior Minister Iqbal, who has been central to the planning and implementation of China-Pakistan economic ties, was reported discussing the […]


“It’s Unprecedented”: Bank Of New York Freezes $23 Billion In Kazakh Assets

Kazakhstan may have the world’s best potassium, but as of today it also has a very big problem, or rather 22.6 billion problems.  Overnight, Bank of New York Mellon said it had frozen $22.6 billion in assets held by Kazakhstan’s National Oil Fund in a rare move that escalates a legal battle between the government […]


In Unprecedented Intervention, Swiss Central Bank Bails Out Firm That Prints Swiss Banknotes

In the most ironic story of the day, the company that makes the paper that Swiss banknotes are printed on was just bailed out by the money-printing, stock-purchasing, plunge-protecting, savior-of-global equities…Swiss National Bank. While The SNB has a long and checkered history of buying shares in companies… as we have detailed numerous times, it is […]


Multiple Injuries Reported After Car Plows Into Central Melbourne Shoppers In “Deliberate Act”; Driver Arrested

A 32 year old Australian citizen of Afghan descent with a history of drug problems has been arrested in Melbourne, Australia after a white Suzuki SUV was driven into a crowd of downtown Christmas shoppers at around 4:40pm. Fourteen people were injured, some critically. “There was no attempt to brake, no attempt to swerve” said […]


Russia’s Tatneft Operated In Crimea Despite U.S. Sanction Risk

Authored by Tsvetana Paraskova via OilPrice.com, Russia’s oil company Tatneft, one of the biggest in the country, operated in Crimea until very recently despite the risk of being blacklisted by the U.S., Reuters reported on Wednesday, citing Tatneft documents and a source close to the company. After the U.S. slapped sanctions on Russia over the […]


Trump Threatens To Cut Foreign Financial Aid Over Upcoming UN Jerusalem Vote

As the United Nations general assembly is set to hold a rare emergency session on Thursday to consider a resolution condemning President Trump's recent controversial move to recognize Jerusalem as the Israeli capital, American Ambassador to the UN Nikki Haley is lashing out, telling member countries that "the US will be taking names". She posted […]


EU Triggers “Unprecedented Nuclear Option” Against Poland; Sanctions May Follow

Yesterday we reported that German Chancellor Angela Merkel and French President Emmanuel Macron had publicly agreed to back Article 7 proceedings against Poland for refusing to comply with EU immigration quotas and changes to its judicial system. The only thing that was missing was the official triggering of the so-called “nuclear option” Article 7. On […]