Billionaire Hedge Fund Mogul George Soros Warns That the US-China ‘Cold War’ Could Escalate Into a ‘Hot One’

By CCN.com: Billionaire hedge funder George Soros has warned that the ‘cold war’ consuming the United States and China could get ugly. Speaking in Davos, Switzerland on the sidelines of the World Economic Forum (WEF), the chairman of hedge fund Soros Fund Management said things could get nasty as the world’s two biggest economies stay The post Billionaire Hedge Fund Mogul George Soros Warns That the US-China ‘Cold War’ Could Escalate Into a ‘Hot One’ appeared first on CCN

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US Bitcoin Investors Lost $1.7 Billion in 2018, 61% Unaware They Can Claim a Tax Deduction

According to a report from Credit Karma, US bitcoin investors who decided to exit the bitcoin market lost $1.7 Billion. Unrealized losses, belonging to those who didn’t sell, account for $5.7 billion. Credit Karma GM Jagjit Chawla believes many Americans don’t know they can qualify for a crypto tax reduction as a result of their … Continued The post US Bitcoin Investors Lost $1.7 Billion in 2018, 61% Unaware They Can Claim a Tax Deduction appeared first on CCN

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Dow Jones Near Bear Market Territory, Why White House Failed to Ease Investors

This week, the Dow Jones recorded a steep sell-off from 23,970 points to 21,846 points, amidst global economic instability and uncertainty. Since achieving an all-time high at 26,828 points on October 3, the Dow Jones has fallen by 5,036 points to 21,792 points, by 18.77 percent. In the traditional financial market, a 20 percent decline … Continued The post Dow Jones Near Bear Market Territory, Why White House Failed to Ease Investors appeared first on CCN

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Nasdaq in Bear Market With 20% Drop, Dow Jones Worst Week Since 2008

The Nasdaq is in a bear market. On December 23, the Nasdaq Composite fell to a new yearly low at 6,332 points, as stocks and securities listed on the exchange plummeted in value. A bear market is commonly referred to as a 20 percent drop from a market, index, or asset’s all-time high. Since its The post Nasdaq in Bear Market With 20% Drop, Dow Jones Worst Week Since 2008 appeared first on CCN

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Bitcoin Sextortion Scheme Seduces Victims into Installing Ransomware

A sextortion scam that doubles its chances of success by planting ransomware on the computing device of its target victims has emerged, and as is often the case the attackers want to be paid in bitcoin. According to researchers at cybersecurity firm Proofpoint, the sextortion campaign, which is mostly targeting residents of the United States, The post Bitcoin Sextortion Scheme Seduces Victims into Installing Ransomware appeared first on CCN

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Fake News: Analyst Falsely Claims Bitcoin Price Decline Will Spark Gold Rally

Stephen Innes, the head of trading for the Asia Pacific region at foreign exchange (FX) trading giant Oanda, has said that the plunge in the value of bitcoin and crypto will lead to a surge in the price of gold. In an interview, Innes said: “There’s still a lot of people in this game. If … Continued The post Fake News: Analyst Falsely Claims Bitcoin Price Decline Will Spark Gold Rally appeared first on CCN

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