Tag Archives: Investor

US Fed will kill bitcoin eventually, investor warns

Bitcoin will not be part of US monetary policy, so the Federal Reserve will crack down on it, portfolio manager Steve Chiavarone warns. However, the blockchain technology behind cryptocurrencies will remain. “The currency itself isn’t a great medium of exchange, it’s not a great store of value. It has a fixed amount so the Fed would have to kill it ...

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Bitcoin crash sparks investor appetite for gold

A major correction on the cryptocurrency market has revived investor interest in the world’s oldest commodity. Gold has seen a breakneck-paced rally this month. Read more Bullion dealer Sharps Pixley said physical gold sales increased fivefold on Wednesday, as people were willing to sell digital gold and buy the real thing. “Yesterday was a hell of a crazy day. Emails ...

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Chinese game streaming platform Chushou raises Series D, adds Google as investor

Google has added Chinese mobile game livestreaming platform Chushou to its list of investments in Asia. The Beijing-based startup announced today that it has closed a Series D round, which Google joined as a new investor, that brings its total funding so far to over $ 120 million. Chushou’s previous investors Qiming Venture, Shunwei Capital and Alpha X Capital, also ...

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Moscow court sentences US-born investor Browder to 9 years for massive tax fraud

A court in Moscow has sentenced US-born financier William Browder in absentia to nine years in a penal colony, after convicting him of a $ 79 million tax fraud. Browder, who is now a UK citizen, is known as the main lobbyist behind the anti-Russian ‘Magnitsky Act’ sanctions. The court also ordered Browder to pay a fine of 200,000 rubles ...

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Bitcoin heading to $0.00 & many will lose everything when bubble pops – warns investor Peter Schiff

Published time: 21 Dec, 2017 09:54 Bitcoin is a massive speculative bubble that will implode, and people who are buying it now will be left holding the bag, according to economist Peter Schiff, best known for predicting the 2008 financial crash. “People who got it years ago, even people who got it at the beginning of the year have the ...

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‘Gold price will explode & dollar get wiped out’ – warns investor Peter Schiff

Peter Schiff was among the few economists who correctly predicted the financial crisis in 2008. Ten years later, he sees another crisis emerging: a crisis that can crash the stock market and wipe out the US dollar. “I predicted a lot more than just the stock market going down back then. I predicted the financial crisis, but more importantly, I ...

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Prime Zimbabwe investor China denies involvement in military coup

China, which has invested heavily in Zimbabwe in recent years, has denied involvement in the military coup in the country after Zimbabwean General Constantino Chiwenga, the man behind the ongoing takeover, visited Beijing last week. Zimbabwe’s military deployed troops armed with heavy weapons to patrol the streets of the capital, Harare, and took control of the state broadcaster overnight. In ...

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Bitcoin is ‘the greatest technology since the internet’ – cryptocurrency investor Tim Draper

Published time: 11 Nov, 2017 05:15 Fiat currencies will no longer be in use in five year’s time as they are to be replaced by cryptocurrencies, according to American venture capital investor Tim Draper who has 30,000 bitcoins in his digital wallet. Read more At the WebSummit conference in Lisbon, Portugal, he told Forbes the fiat system will eventually disappear ...

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Chief Russian prosecutor asks US counterpart to launch criminal probe against investor Browder

Published time: 24 Oct, 2017 15:58 The Russian Prosecutor General has requested that US Attorney General Jeff Session launch a probe into alleged tax evasion by British investor and lobbyist William Browder, who was already sentenced to 10 years in prison in Russia for a similar crime. “Probably there is a chance for Browder’s handover by the United Kingdom to ...

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First Russian IPO in London since sanctions to test Western investor sentiment

Published time: 23 Oct, 2017 13:34 Russian metals tycoon Oleg Deripaska would like to see a valuation of at least $ 8.5 billion for his aluminum and hydrocarbon business in the first Russian IPO in London since 2014. The EN+ listing will test investor sentiment toward a major Russian company since relations between the Kremlin and the West deteriorated. The ...

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