Lamb to Slaughter? Visa Follows Zuck into Facebook’s Centralized Crypto

By CCN Markets: Facebook has managed to lure some big names to support its cryptocurrency endeavor. According to a report in the Wall Street Journal, payment giants Visa and Mastercard in addition to PayPal and Uber have all jumped onto Mark Zuckerberg’s crypto bandwagon. They are each going to pour $10 million into the project …

There Are a Million Reasons to Short Uber’s New Stock. Here Are Three.

By CCN: Investors have been rubbing their greedy little hands together thinking that the Uber IPO will make them rich. However, a close look at Hoover’s model, financial statements, and the rideshare market provides investors with plenty of reasons to short Uber’s stock. ⁦@dkhos⁩ You are gonna get sued by the investors😂#Uber IPO: Uber loses …

China’s Uber-Killer Didi Loses $1.6 B, Begins Overhaul With 2,000 Layoffs

Didi Chuxing, the ride-hailing and transport service based in China, has outlined steps to commence a firm-wide layoff that is expected to affect 15% of its total workforce after suffering a reported $1.6 billion loss in 2018. Cheng Wei, Didi’s Chief Executive Officer, told management that the layoffs are necessary if the company is to …

Uber Co-Founder, E*Trade Vet Launch Zero-Fee Cryptocurrency Trading Platform

An Uber co-founder and an E*Trade veteran have teamed up to launch commission-free cryptocurrency trading service that, if successful, could see the firm challenge Coinbase, Robinhood, and a growing number of other competitors to become the venue of choice for retail investors. The platform, named Voyager, aims to capitalize on the fragmentation in the global …

Britain Confiscates $700,000 in Bitcoin from Hacker

Join our community of 10 000 traders on Hacked.com for just $39 per month. A British court will this month sentence a 26 year old cyber-fraudster, from whom Scotland Yard seized about $700,000 in bitcoin proceeds earned from cyber-crime activities in 2015. The seizure of the $700,000 worth of bitcoin from Grant West last year …