A $732 billion investor says Wall Street is seriously underestimating Trump’s tax plan

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There’s understandable caution about the prospects of successful tax legislation after Republican lawmakers failed to repeal the Affordable Care Act.  The tax-reform proposal that the White House unveiled this week is already fraught with a number of issues that could delay its timeline. They include a lack of details on how revenue shortfalls would be made […]

Bitcoin Steadies, Eyes Second Straight Weekly Gain

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Bitcoin prices were roughly unchanged on Friday, as the digital currency continues its post-China-ban recovery. On the U.S.-based Bitfinex exchange, bitcoin fell to $4,180.1, down $8.6 or 0.21%. Bitcoin is about 20% below its recent peak of $4,969 with a … Read Full Story The post Bitcoin Steadies, Eyes Second Straight Weekly Gain appeared first […]

Wells Fargo bank teller stole nearly $200,000 from a customer and spent it on several vacations

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A Wells Fargo bank teller accused of stealing $185,000 from a homeless customer has agreed to a plea deal, according to court documents cited by The Washington Post. The former employee, 29-year-old Phelon Davis, pleaded guilty to a felony charge of interstate transfer of stolen property this week after a 2014 encounter with a homeless […]

The SEC comes down on 2 cryptocurrency-based fundraising schemes

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The Securities and Exchange Commission on Friday charged a man and two companies for operating fraudulent initial coin offerings.  According to a statement released Friday, the financial watchdog charged Maksim Zaslavskiy and his companies, REcoin Group Foundation and DRC World, with defrauding investors and selling unregistered securities. “According to the SEC’s complaint, investors in REcoin Group Foundation and DRC World […]

Edward Snowden: Zcash Is ‘Most Interesting Bitcoin Alternative’

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Noted whistleblower Edward Snowden has come out in support of the privacy-oriented cryptocurrency zcash, calling it the “most interesting alternative” to bitcoin. Writing in response to a tweet from technologist Mason Borda which read: “Zcash is the only … Read Full Story The post Edward Snowden: Zcash Is ‘Most Interesting Bitcoin Alternative’ appeared first on […]

Edward Snowden Calls Zcash the “Most Interesting Bitcoin Alternative”

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Edward Snowden tweeted yesterday that he considers the digital currency Zcash the “most interesting Bitcoin alternative.” Snowden likes Zcash because of its secure privacy. He said that Bitcoin is great, but he doesn’t believe it is safe because it’s not … Read Full Story The post Edward Snowden Calls Zcash the “Most Interesting Bitcoin Alternative” […]

What you need to know on Wall Street today

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Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. Mark Haefele is constantly in the air. A former lecturer and acting dean at Harvard University, Haefele is the global chief investment officer at UBS Wealth Management, […]

Switzerland regulators crack down on ICOs, say some might be guilty of ‘terrorist financing’

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NEW YORK — Switzerland’s financial watchdog, the Swiss Financial Market Supervisory Authority, is concerned that some initial coin offerings are violating the country’s laws against “terrorist financing.” FINMA announced on Friday that it was looking into a number of ICOs for breaching “provisions on combating money laundering and terrorist financing” and other regulations.  ICOs allow startups to issue their own […]