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Currencies

Bitcoin’s Ascent to $40,000

By Louis Basenese - Dec 15, 2017

Bitcoin is officially the biggest bubble in the history of the world. But the mania is far from over! It could be on the way to $40,000 in the blink of an eye.

Healthcare & Pharma

Is This the New Martin Shkreli?

By Louis Basenese - Dec 14, 2017

In 2015, when Martin Shkreli raised the price of Daraprim by over 5,000%, he was immediately dubbed “the Most Hated Man in America.” Well, a new contender just entered the ring.

Technology

Scary New “Hack” Targets Your Face

By Louis Basenese - Dec 13, 2017

Machine-learning algorithms are cleverly downloading faces from social media pages like Facebook… and then uploading those faces to unsavory videos. This is the latest example of technology moving faster than our moral ability to use it.

Currencies

The Impossible Bitcoin Prophesy

By Louis Basenese - Dec 12, 2017

Bitcoin is now legit on Wall Street. On Sunday night at 6 p.m. EST, bitcoin futures began trading in Chicago. The early action didn’t disappoint, either...

Stocks

Jail Time for Market’s Supervillain

By Louis Basenese - Dec 11, 2017

The U.S. District Court in Detroit just sentenced the Volkswagen executive who tried to cheat environmental regulations. Oliver Schmidt was sentenced to seven years in the clink and $400,000 in fines. Of course, trusting the ethics of a company becomes a risk we assume as investors...

Technology

Alarming Study About the Future of AI

By Louis Basenese - Dec 8, 2017

A new study by McKinsey & Co. indicates that — in a best-case scenario — one-third of the workforce in the U.S. will be replaced by AI after 2030. And robots are targeting one sector in particular: finance. Out of 300,000 jobs in asset management worldwide, 90,000 will be controlled by AI by 2025. Would you trust your money with a robot?

Stocks

100 Trillion Reasons to Be Nervous About Stocks

By Louis Basenese - Dec 7, 2017

One mystery trader just rolled over a massive volatility bet that could pay out $260 million if he’s right again. Can you blame him? He’s got seven-plus years of the bull trend on his side. Well, none of that means squat if you’re Goldman Sachs.

Currencies

A Clever New Pyramid Scheme

By Louis Basenese - Dec 6, 2017

As Bitcoin pushes north of $11,000, bubble talk continues to pervade. The loudest Bitcoin detraction I’m hearing is quite clever, actually. It’s the idea that Bitcoin is a pyramid scheme. Let’s take a deeper dive...

Currencies

Bitcoin Goes Mainstream on Dec. 18

By Louis Basenese - Dec 5, 2017

Sooner or later, mainstream interest in Bitcoin and cryptocurrencies was bound to explode. What amazes me is how quickly awareness changed from ignorance and hatred to adoration and unbridled bullishness. Here’s why the next stage of growth should begin on Dec. 18.

Technology

All Hail President Twump

By Louis Basenese - Dec 4, 2017

Perhaps instead he’s a public relations nightmare for the notorious social media giant.

Technology

Five Reasons to Doubt a Coming Techpocalypse

By Louis Basenese - Dec 1, 2017

Bitcoin to FAANG (Facebook, Apple, Amazon, Netflix and Google) stocks, it’s become the talking heads’ favorite daytime activity to opine about their imminent collapse.

Investing

Winter is Coming for the Market’s Hottest Trade

By Louis Basenese - Nov 30, 2017

It’s a tough time to be a short seller in today’s stock market. Stocks only go up, right? At least that’s what the market is telling us…