China’s Central Bank ‘Close’ to Launching Official Digital Currency

An official at China’s central bank has said the institution is nearing the launch of its digital currency. Speaking at an event in China over the weekend, Mu Changchun, deputy director of the payments unit at the People’s Bank of China (PBoC), said its researchers have been hard at work since last year to complete the […]

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Dow Quivers as Beijing Slams Trump for ‘Naked Economic Terrorism’

By CCN: A hesitant Dow crept toward a paltry recovery on Thursday following a two-day bloodbath that wiped nearly 500 points off the index. The trade war continues to command Wall Street’s undivided attention, and Beijing’s latest provocations should terrify investors. Dow Creeps Toward Meager Recovery Wall Street betrayed a lack of conviction ahead of […]

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A Crypto Project That Raised $20 Million Is Caught Faking Its Founding Team

A cryptocurrency project that appears to have raised at least $20 million through a referral-based marketing scheme has been advertising false information about its team members, a CoinDesk investigation has found. Launched on Dec. 2, BHB claims to offer an ethereum-based solution for peer-to-peer lending, but by Jan. 18, local media reports were already accusing the […]

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Bitcoin Price to Reach $60,000 Before Crashing to $1,000 in 2018 is Saxo Bank’s ‘Outrageous’ Prediction

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. “Bitcoin is thrown to the wolves,” the headline reads, punctuating the tail end of Saxo Bank’s prediction that the bitcoin price will soar above $60,000 in 2018 before crashing more than 98 percent to “its fundamental ‘production cost’ of $1,000.” The Danish […]

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