Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
African swine fever, which has already ravaged pig herds in China and pushed up food prices there, could also drive up inflation in the other emerging markets, according to...Asia Economyread more
Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has...Marketing.Media.Moneyread more
Stocks in Asia traded mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.Asia Marketsread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
Bitcoin will rally this year and reach its previous highs, CoinShares Chairman Danny Masters predicted.
But here's what needs to happen first: Better structures and a life cycle post initial coin offerings (ICOs) — the fundraising process that helps launch new cryptocurrencies.
"We need to see this [cryptocurrency] structure continue to build," Master said on "Fast Money " Wednesday. "We need to see the custody solutions come and be provided. We need indices and we need performance measures where we can actually start to understand what we're talking about and measure our performance."
"We need to do more mature work around the ICOs, so that post ICO we have a token life cycle," he continued. "And just give investors more clarity, better expectations, more transparency. "
Bitcoin was priced around $8,300 Wednesday evening, 5:30 p.m. ET. While the coin has recovered from lows earlier this year — briefly dropping below $6,000 in February — bitcoin is still far away from its mid-December peak around $19,500.
CoinShares, an investment firm specializing in cryptocurrency, launched the world's first publicly traded bitcoin and ethereum fund.
Investors were optimistic that Blockchain Week New York and Monday's Consensus event would help boost the large-cap coin. But bitcoin has under-performed, down 5 percent since Monday.
Masters pointed out that three years ago, the market and number of people interested in cryptocurrencies was very small. This week, however, more than 8,000 people showed up for Blockchain Week New York.
In fact, he said, bitcoin's life cycle "is still very early."
"In derivatives, indices, pricing models and so on that go on around [building a financial system.] We're nowhere near that part yet," Masters said.
"We're not even at the part yet where I'd say institutional investors even started in commodities. Because these things — indexation, custody and so on — aren't there to bring in those bigger people just yet."