A big increase of Litecoin mining is being planned by a group of developers who call themselves SegWit or Segregated Witness Signaling. SegWit has launched a new mining protocol; or soft fork that is making hundreds of new blocks of Litecoin available for mining. The latest SegWit … [Read more...]
Google Wallet to Come Pre-installed on Mobile Phones
With the recent success of the Apple Pay mobile payment system (a service launched in Q4 2014), Google Wallet seems to have mustered up new courage to make a comeback in the market as another dominant mobile payment system among heavy competitors. In an unprecedented move, Google … [Read more...]
Will Google’s Top Secret “X Phone” Steal the Smartphone Market
Google (NASDAQ:GOOG) is stepping up the attack on Apple (NASDAQ:AAPL) after a report came out that the company is working on “top secret” phone, dubbed the “X Phone”. Google will use Motorola to develop the phone; after Google bought the phone company earlier this year for $12.5 … [Read more...]
Apple (AAPL) Takes Another Hit and Investors Feels It
For the past year, I have been wary of Apple’s (AAPL) aggressive lawsuit campaign. I often have written about the potential dangers and consequences of the lawsuits as Apple was fighting a multi-front war against Samsung, Google/Motorola, HTC, etc. While Apple has had some very big … [Read more...]
UBS AG Forced to Pay $1.5 Billion for Libor Scandal
Earlier this year, the Libor scandal swept the newsfeeds causing the US and UK to do an extensive investigation into which company’s were involved and to what extent. US Assistant Attorney General Lanny Breuer described the scandal was “one of the most significant scandals ever to hit … [Read more...]
Hide Your Kids, Hide Your Wife, Hide Your Instagram Photos
Yesterday, I wrote on the potential lawsuits that could come as a result of Facebook’s (NASDAQ:FB) acquisition of Instagram back in April for $1 billion. Some believe that Twitter could make a case for the alleged “verbal agreement” that Instagram CEO Kevin Systrom made for a $525 … [Read more...]
Will Instagram Founder Kevin Systrom Face Criminal Charges
In April of this year, Facebook (NASDAQ:FB) acquired the photo sharing site, Instagram for $1 billion. What we did not originally know is that Twitter was reportedly bidding on Instagram for $525 million, according to an article in the New York Times. … [Read more...]
Federal Reserve Limits Bank Deals to Avoid Another Bailout
A major problem in 2008 was the fact that we had large banking institutions with big balance sheets and the Federal Reserve response was to save these institutions via taxpayer bailout. This is where the term “too big to fail” comes from. Over four years later, Chairman Ben Bernanke … [Read more...]
Senate Considers Extending Deposit Insurance Program (TAG)
During the eye of the Great Recession, it appeared that everything was headed for disaster. Banks were failing, credit was frozen, markets were falling off a cliff, etc. Congress took the opportunity to extend deposit insurance to over $250,000 limit in an effort to prevent bank … [Read more...]
Yahoo Making Moves with PayPal Co-Founder Max Levchin
Yahoo! Inc. (NASDAQ: YHOO) has definitely been experiencing a transition year this year as many executives are leaving and being replaced. The biggest position change came at the CEO position for the company, when Marissa Mayer took the reigns earlier this year. Additionally, Daniel … [Read more...]
Sprint Purchases Remaining Stake in Clearwire Where Will This Leave Investors
Sprint Nextel Corporation (NYSE: S) announced today that it would be purchasing the remaining stake of Clearwire Corporation (NASDAQ:CLWR). The deal comes after Sprint entered a partnership with SoftBank, giving Sprint access to more capital. As for the remaining stake in Clearwire, … [Read more...]
Facebook’s Unlikely Turnaround
Leading up to Facebook’s (FB) IPO, everyone was looking for a way to get their hands on shares of (NASDAQ: FB). Unfortunately, the IPO failed to impress investors and ultimately there were too many shares offered, dragging down the price. In the ensuing months, Facebook continued to … [Read more...]
Rise of the Russian Smartphone Yota
Reports out of Russia are indicating that the country now has a smartphone company with the hopes that it will compete on the world scene. Yota Devices was once a part of Russian state-operated defense corporation but now the company is betting big on a dual screened device. On one … [Read more...]
HSBC Found Guilty of Money Laundering for Mexican Drug Cartels
The British bank, HSBC Holdings plc (ADR) (NYSE:HBC), said that it would be pay a record $1.9 billion to settle claims of the bank’s money laundering activities. The US government says that HSBC’s US unit accepted billions of dollars from the Mexican drug cartels, Iran, and other … [Read more...]
Starbucks (SBUX) Steel Cards Selling for Insane Prices
On Friday, Starbucks released 5,000 limited edition cards made of steel on the luxury goods site, Gilt.com. In the end, the card costs $450 with $400 of the balance able to be used for credit towards Starbucks (NASDAQ: SBUX) purchases. Shockingly enough, the site sold out of the … [Read more...]
Stocks that Made Headlines on Friday: GRPN, AVP, SWHC, AAPL & NFLX
During Friday’s trading session, we saw several new developments. Apple (NASDAQ: AAPL) was down over 2.6% on fears that a Judge could cut into Apple’s $1 billion award from Samsung. Additionally, shares traded near the dreaded “death cross” which occurs when a stock’s 50 day moving … [Read more...]
Netflix (NFLX) CEO Reed Hastings Under Fire for Facebook Post – Stock Drops
Netflix CEO Reed Hastings has certainly not been the most popular Silicon Valley CEO in recent years, after changing prices and the structure of Netflix, which turned out to be a flop. This time, Hastings is once again in the news due to a Facebook post, which was flagged by … [Read more...]
Fannie Mae and Freddie Mack Stop Foreclosures for Holidays
Earlier this week, we saw some holiday spirit out of Freddie Mac (OTC: FMCC) and Fannie Mae (OTC: FNMA). The two highly scrutinized mortgage dealers announced they would delay foreclosures till after the holidays. … [Read more...]
