ccn.com

By CCN: The U.S. Securities and Exchange Commission has decided once again to kick the can on its decision about a bitcoin ETF. In a ruling published today, the securities watchdog revealed that an answer on the VanEck/SolidX Bitcoin ETF as proposed by the Cboe would be postponed for another 90 days, pushing the deadline back to August 19. The crypto community wasn’t shocked by the announcement, but the bitcoin price has retreated modestly from Sunday’s fresh 2019 highs. Despite the pullback in the bitcoin price, the cryptocurrency market has several major catalysts this year that will continue to fuel

Read more at ccn.com

By CCN:  A producer of Netflix hit “Mudbound” thinks he has what it takes to make a crypto movie that won’t bore people to death or fill their brains with inaccuracies about the space. If you value the Oscars, you may believe he could pull this off considering “Mudbound” managed to get a nomination from the Academy Awards. Using the Twitter handle @CommonEnemyInc, he threw out the idea on social media. Kyle Tekiela is named as a “five-time Emmy award winner and co-founder of Common Enemy” on the company’s website. If I wanted to make a (real) movie with ONLY

Read more at ccn.com

By CCN: Bakkt, the moon-shot bitcoin bet of trading behemoth Intercontinental Exchange (ICE), still can’t get approval from the U.S. Commodity Futures Trading Commission (CFTC). Many now believe its hopes depend on getting a much-hated BitLicense from New York. Are U.S. regulators trying to kill Bakkt? No. Congress makes the laws. If the laws suck, Congress is supposed to fix them. Regulators exist solely to make sure everybody follows the laws. In this case, the laws suck, but that’s not the CFTC’s fault. The Problem With Bakkt The CFTC says Bakkt should follow rules for commodities that need somebody to

Read more at ccn.com

In a livestream Q&A, Coinbase CEO Brian Armstrong outlined his vision for the future. Among the typical crypto company goals (reach one billion users, revolutionize the economy), Armstrong revealed a much stranger ambition: “overthrow some corrupt dictators in the world.” Skip to 36 minutes, 36 seconds to see the segment. Brian Armstrong’s Ambition to Overthrow Dictators In the Q&A, someone asked the following question: “What’s the most ambitious thing Coinbase wants to do in five years. Any weird moonshot stuff?” Armstrong responded: “Maybe, you know, honestly like overthrow some corrupt dictators in the world, that would be awesome.” He also

Read more at ccn.com

The U.S. stock market traded higher Thursday but the Dow was mostly excluded from the rally as shares of Microsoft Corp (MSFT) tumbled following a lukewarm earnings report. Dow Flips Green But Trails S&P 500 & Nasdaq The Dow Jones Industrial Average traded lower after the open, mirroring a mostly flat pre-market session for Dow futures. The blue-chip index fell by as much as 172 during the morning session before paring losses and eventually flashing green. At last check, the Dow was up 9.64 points or 0.04%. DowDuPont (DWDP) plunged more than 8% after reporting disappointing revenues. Shares of communications

Read more at ccn.com

Lately, various coffee shops have been advertising lattes and coffees with CBD oil. However, despite the increase in advertising efforts for Cannabis-infused beverages, Starbucks CEO Kevin Johnson has stated that there are currently no plans by the company to launch its versions of Cannabis-laced coffee drinks. Speaking in an interview with CNBC’s Squawk on the Street that was aired on January 25, Johnson said: We’re going to keep watching this, but right now, it’s not on the road map. Cannabis-infused lattes aren’t coming to Starbucks’ menu in the near future, CEO Kevin Johnson said. ☕️ https://t.co/D0dqmmMvwD pic.twitter.com/mTD3eGXWfm — CNBC (@CNBC)

Read more at ccn.com

The United States and China are making progress in negotiations to end their ongoing trade war, but the world’s two largest economies won’t sign a new bilateral agreement just yet, US President Donald Trump said on Thursday. Trump Oval Office Negotiations Won’t Bring Trade Deal Writing on Twitter, Trump said that while he plans to meet with “China’s top trade negotiators” today in the Oval Office, he has no intentions of striking a formal trade deal until he meets face-to-face with Chinese President Xi Jinping. China’s top trade negotiators are in the U.S. meeting with our representatives. Meetings are

Read more at ccn.com

Tesla CEO Elon Musk has announced that the electric car maker’s long-serving chief financial officer (CFO), Deepak Ahuja, is leaving the company after over a decade of service, CNBC reports. Musk made the announcement towards the end of an earnings conference call. Tesla’s shares fell sharply by nearly 5% in after-hours trading. This is not Ahuja’s first time to resign from the electric car maker. He first departed in 2015 only to rejoin two years later. This was to replace Jason Wheeler, who had abruptly resigned as the CFO. How do you not include the departure of your CFO in

Read more at ccn.com

Shares of aviation giant Boeing Co. surged on January 30, after the aerospace contractor reported that its earnings and profits for the fourth quarter of 2018 were significantly higher than expectations of Wall Street analysts. Amongst other things, this report provided a rather upbeat outlook for the 2019 financial year. According to the company’s reported earnings, net income grew to $3.42 billion, up from the $3.32 billion that was reported the previous year. Also, adjusted earnings per share rose from $5.07 to $5.48. The company’s revenues for the quarter stood at $28.34 billion as well, significantly beating the $1 billion

Read more at ccn.com