Stocks mixed as GOP defends tax proposal [Video]

LIVE: #Bitcoin at the closing bell

  • Stocks mixed, trying to hold gains as the GOP and White House make the case for their tax reform plan.
  • Stocks in the red today include Pier 1 Imports as the retailer’s current quarter guidance missed the mark; Endo Pharmaceuticals as Goldman initiated coverage with a ‘sell’ rating and $7 price target; and Rite Aid, with shares of the drug-store chain sliding after it said same-store sales fell 3.4% and…
  • Stocks in the green today include Abbott Labs as the FDA approved its glucose monitoring system that does not require a fingertip blood sample; Blackberry on a surprise earnings profit and upbeat forecast; and Roku, with shares on the rise following its public debut for the maker of streaming devices….
  • Roku raised around $252 million in its IPO, valuing the company at nearly $2 billion.
  • Mike Conrad is the CEO of Zaycon—a company that brings fresh farm meat directly to consumers in parking lots across the US.

Stocks mixed, trying to hold gains as the GOP and White House make the case for their tax reform plan. Plus – the Russell 2000 hitting another all-time high, but here’s another big index that’s revving higher too – we have it.
Continue reading “Stocks mixed as GOP defends tax proposal [Video]”

Companies are buying bitcoin to pay off hackers, says top cybersecurity CEO

  • The HBO hack is just one recent example of how cyberattackers are now targeting corporations, and CyberArk chief Udi Mokady said that bitcoin is often used to pay them off.
  • “Many companies choose to buy bitcoin in some state or fashion and pay them off.”
  • Mokady said that the efforts of companies like his to teach companies about how to prevent cyberattacks are especially stymied in Europe, where firms are not required to disclose when or how many times they were breached.
  • Starting in 2018, disclosure will become a requirement, which should benefit cybersecurity companies like Mokady’s as well as those at risk of cyberthreat, the CEO told Cramer.
  • “The enterprises that we see and work with are actually trying to be smarter than [those who buy bitcoin for ransom] and learn from other companies’ mistakes and put in the means to prevent such attacks from really taking them down,” Mokady told Cramer.

Jim Cramer spoke with CyberArk’s Udi Mokady to hear about how companies are getting involved with cryptocurrencies like bitcoin because of cyberattacks.
Continue reading “Companies are buying bitcoin to pay off hackers, says top cybersecurity CEO”

Companies are buying bitcoin to pay off hackers, says top cybersecurity CEO

Companies are buying bitcoin to pay off hackers, says top cybersecurity CEO  #security

  • The HBO hack is just one recent example of how cyberattackers are now targeting corporations, and CyberArk chief Udi Mokady said that bitcoin is often used to pay them off.
  • “Many companies choose to buy bitcoin in some state or fashion and pay them off.”
  • Mokady said that the efforts of companies like his to teach companies about how to prevent cyberattacks are especially stymied in Europe, where firms are not required to disclose when or how many times they were breached.
  • Starting in 2018, disclosure will become a requirement, which should benefit cybersecurity companies like Mokady’s as well as those at risk of cyberthreat, the CEO told Cramer.
  • “The enterprises that we see and work with are actually trying to be smarter than [those who buy bitcoin for ransom] and learn from other companies’ mistakes and put in the means to prevent such attacks from really taking them down,” Mokady told Cramer.

Jim Cramer spoke with CyberArk’s Udi Mokady to hear about how companies are getting involved with cryptocurrencies like bitcoin because of cyberattacks.
Continue reading “Companies are buying bitcoin to pay off hackers, says top cybersecurity CEO”

Bitcoin plunges as much as 20 percent as Chinese yuan soars

#bitcoin plunges by a fifth

  • On some digital currency exchanges – of which there are dozens – bitcoin did reach record highs late on Wednesday.
  • Kylie Jenner flipped out about a fake post on her app, Adele sparks secret wedding speculation with new ring, ‘Game of Thrones’ makeup is and Megyn Kelly’s emotional sign off from Fox News.
  • Bitcoin plunges as much as 20 percent as Chinese yuan soars
  • Suspected Muslim rebels staged the Philippines’ biggest jailbreak Wednesday when they stormed a dilapidated jail in the violence-plagued south of the country, freeing 158 inmates and killing a guard, authorities said.
  • Bitcoin had gained more than 40 percent in two weeks to hit a three-year high of $1,139.89 on Wednesday, just shy of its all-time record of $1,163 on the Europe-based Bitstamp exchange .

By Jemima Kelly LONDON (Reuters) – A dramatic rally in digital currency bitcoin came to a spectacular end on Thursday with a plunge of up to 20 percent as China’s yuan rose sharply – further evidence of an intriguing inverse relationship between the pair. Exchanges in China say they account for
Continue reading “Bitcoin plunges as much as 20 percent as Chinese yuan soars”

Euroclear and Paxos launch blockchain for gold settlement in London Bullion Market

  • Financial technology company Paxos has teamed up with Euroclear to work on a blockchain for gold settlement in the London Bullion Market, called Euroclear Bankchain.
  • Paxos CEO Charles Cascarilla said: “We are coming to market with a ground-breaking offering that will drastically impact the post-trade process and overall trading infrastructure within the global gold market.
  • ” the product represents the first concrete blockchain use case for gold settlement in the London Bullion Market and is poised to benefit all investors and key stakeholders through our revolutionary Bankchain TM offering.
  • In July, South Korea agreed with the United States to deploy the U.S. Terminal High Altitude Area Defense (THAAD) anti-missile system to protect against any North Korean threats.
  • Remainers warned that traditional allies would spurn us, forcing the UK to “the back of the queue” as global markets shuddered.

Financial technology company Paxos has teamed up with Euroclear to work on a blockchain for gold settlement in the London Bullion Market, called Euroclear Bankchain. The announcement was made during a signing ceremony event at the SIBOS Annual Conference in Geneva, Switzerland, where Paxos and Euroclear
Continue reading “Euroclear and Paxos launch blockchain for gold settlement in London Bullion Market”

Bitcoin to $1 million? Why it could happen

  • Wences Casares, CEO of bitcoin start-up Xapo, told The Wall Street Journal he thinks one bitcoin will be worth between $500,000 and $1 million in one decade.
  • To learn more about how we use your information, please read our Privacy Policy and Terms of Service .
  • Data is a real-time snapshot *Data is delayed at least 15 minutes Global Business and Financial News, Stock Quotes, and Market Data and Analysis
  • At a time when bitcoin prices are falling sharply, at least one cryptocurrency advocate thinks the long-term direction is up-way up.
  • Since early March, bitcoin has lost a third of its value, most recently on the heels of a reported crackdown by the People’s Bank of China .

At a time when bitcoin prices are falling sharply, at least one cryptocurrency advocate thinks the long-term direction is up—way up.

Continue reading “Bitcoin to $1 million? Why it could happen”

$500,000 in Bitcoin Just Bought Someone a Villa in Bali

  • NBC News works best with JavaScript turned on
  • $500,000 in Bitcoin Just Bought Someone a Villa in Bali
  • A brand-new villa on the southern coast of Bali has just changed hands – for somewhere above 800 bitcoins.
  • The news, first reported by virtual currency news site CoinDesk , comes from the CEO of BitPremier , a marketplace for luxury goods that can only be paid for in bitcoin.
  • In what appears to be the largest real-world-money purchase in bitcoin’s history, an anonymous buyer has picked up a new house for the cryptocurrency equivalent of about $500,000.

Read the full article, click here.


@BitPremier: “@blockchain You left out this one :)”


A brand-new villa on the southern coast of Bali has just changed hands for around 800 bitcoins — about $500,000.


$500,000 in Bitcoin Just Bought Someone a Villa in Bali