Bitcoin Will Die if These 4 Problems Remain Unsolved: Teen Crypto Millionaire

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By CCN: Teenage bitcoin millionaire Erik Finman has once again thrown himself into the spotlight by claiming that the flagship cryptocurrency ‘will die’ unless the sticky issues it is facing are resolved. Speaking to Yahoo Finance, Finman indicated that the sticky issues plaguing Bitcoin are four. This includes its complexity with regards to use, high transaction fees, slow processing speeds and in-fighting among development teams. It’s facing four big problems. One, its high transaction fees. Two, it takes a long time you know to kind of send anything. And then three, the people that are trying to solve those problems… […]

Mainstream Business Journalist Foolishly Warns Bitcoin Is Going to Zero

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By CCN: Didn’t the “60 Minutes” segment on bitcoin teach the mainstream media anything? New York Post columnist John Crudele is railing against cryptocurrencies. More specifically, he’s rehashing an outdated argument in an article entitled: “Bitcoin Will Soon Be Worth Zero.” His reason for sounding the alarm is simple: “Last Thursday night bitcoin crashed by about $1,000, to around $7,000.” Someone should break the news that $1,000 swings are typical for the emerging cryptocurrency. Not only that, but the bitcoin price has since recovered to nearly $8,000 since he published his article on Monday. Another thorough, thoughtful analysis https://t.co/ob6xyiRx9N — […]

Obama Hack Judge Rules Trump Must Deliver Private Financial Records

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By CCN: In a brazen but unsurprising move last week, Democrats issued a subpoena to accounting firm Mazars USA for eight years’ worth of Donald Trump’s financial records. It should thus come as no surprise that Barack Obama judicial appointee U.S. District Court Judge Amit Mehta refused to grant Donald Trump’s request that the subpoena be quashed. Dem’s Entire Platform Is to Destroy Trump These are more layers to the partisan hackery of congressional Democrats who have abandoned any responsibility to the American people. Rather than work with Republicans to find legislation that would be of use to American citizens, they […]

Beware: Lyft’s Car Rental Program Is a Sucker’s Bet for Drivers

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By CCN: One of the earliest scams in the rideshare world was providing cars to drivers who didn’t have one or couldn’t afford one. It was particularly insidious early on because Uber was touting salaries of $96,000 a year for its drivers (which turned out to be nonsense). Yet the scam never really went away, and it continues to flourish as the Lyft Express Drive program. The Great Lyft Driver Scam The Lyft driver scam goes like this: a person is enticed to drive, having heard that they can earn good hourly pay and work on his own terms. This […]

IRS Claims to Prioritize Tax Rules for Crypto Investors but Lacks Urgency

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By CCN: Cryptocurrency investors may soon have more clarity on how the IRS will tax their holdings now that the agency has said it is making that a priority. The latest IRS acknowledgment of crypto taxation issues is in response to members of Congress. Last month, they fired off a list of demands to the agency, leading to a positive response. Crypto players immediately took notice. We Need IRS Guidance Now Congressman Tom Emmer (R-MN) and his fellow co-chairs of the Congressional Blockchain Caucus wrote the IRS about issuing guidelines for “reporting virtual currency on tax day.” In the letter, […]

PlayStation Team Shocked by Sony’s Game-Changing Deal with Microsoft

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By CCN: According to Bloomberg sources, the PlayStation unit at Sony was as surprised as anyone when Sony and Microsoft announced a cloud gaming partnership. Sony has been working on its cloud gaming offering since 2012 but has only achieved limited success. Sony Gives Peace a Chance With New Microsoft Collaboration Reportedly, Microsoft and Sony are collaborating on a streaming service, and Sony will begin using Microsoft’s Azure cloud services for some of its online services. PlayStation developers were shocked by the news, as the rest of the gaming industry was surprised as well. The announcement sparked a mood of […]