$10,000 Bitcoin CRASH! Goldman Sachs Group Inc. also stopped working with Gupta’s companies around that time.In 2018, Sberbank sent a team to scour the brightly colored containers stacked in the port of Rotterdam, looking for the ones full of nickel that the bank had financed on behalf of Liberty. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Tesla Inc has settled a lawsuit against a former employee who copied the source code of the electric vehicle (EV) maker's Autopilot technology, according to a U.S. district court filing dated April 15. Thanks to the existing control systems, we incurred no financial losses through these operations and managed to unwind all transactions in the spring of 2019.”GFG Alliance, which is made up of the companies controlled by Gupta and his family, including Liberty, said in an emailed statement sent by a spokesman that it refutes any suggestion of wrongdoing.“An internal investigation was conducted in 2019 by Liberty Commodities Limited (LCL)’s external legal advisors following enquiries regarding alleged rumours of double pledging,” GFG Alliance said in the statement. Semiconductors, he said, were the main factor driving Taiwan’s trade surplus with the U.S.As for the dollar, the Treasury highlighted that even after its decline in 2020, it remained “nearly 5% above its 20-year average,” considering the real effective exchange rate -- which adjusts for inflation and is weighted against currencies of U.S. trading partners. For that reason, the Treasury said it seeks a deeper understanding of Switzerland’s, Taiwan’s and Vietnam’s currency actions in order to determine if the interventions were done with the intent of gaining an unfair trade advantage, or to cope with the crisis.Ireland and Mexico were added to the Treasury’s watch list, which means they met two of the three criteria for designation. Elon Musk, the CEO of Tesla and founder of SpaceX, recently replaced his Twitter bio with “meta for k.” This action has increased speculation in the crypto community on whether the billionaire businessperson and tech expert is trolling the smart contract platform Cardano (ADA).. Elon Musk supports and promotes cryptocurrency, especially Bitcoin (BTC) and Dogecoin (DOGE). Elon Reeve Musk FRS (/ ˈ iː l ɒ n / EE-lon; born June 28, 1971) is a business magnate, industrial designer, and engineer. It became a popular stock among day traders, who sent shares of the bankrupt company soaring, even though common shareholders are typically wiped out in Chapter 11 proceedings. What will happen to Citibank customers’ accounts and credit cards as it exits India? Simmons was not the only one who explained the rationale behind his cryptocurrency investments on Thursday. Most of us would expect that the finance and tech-savvy Musk knows a thing or two about crypto, but it seems he needed a tweet from business intelligence guru and Bitcoin enthusiast Michael Saylor to even think about buying BTC as a part of Tesla’s hedging strategy. From the banks’ point of view, this type of financing is generally considered low risk. Elon Musk has, once again trolls cryptocurrency community, causing a stir on Twitter after changing his display picture to a “fork in the road, and some think he may be referencing Cardano (ADA). After checking about 10 of them, they gave up, the people said. Why It Matters: Simmons had joined Musk’s Dogecoin party on Twitter on Feb 7 when the meme-themed cryptocurrency reached an all-time high of $0.084. A LOT. As with Bitcoin, he went back and forth with Doge. What is a bigger pointer is the “Metafork” tweet, which confirms that the Tesla founder is referring to Cardano all the while. DOGE traded 6.75% higher at 0.056 at press-time. When that link, too, soured, they became even more reliant on Greensill.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Gold prices rose to a seven-week high on Friday and were on track for their best week since mid-December as retreating U.S. Treasury yields and a softer dollar bolstered the metal's appeal. Cardano hard fork ‘Mary’ proudly announced while the Saylor Musk saga keeps on turning Crypto AM Daily in association with Luno. On January 10th Musk tweeted that “Bitcoin is *not* my safeword” (after previously saying it was his safeword before immediately saying he was joking). Get the latest crypto news delivered to your inbox daily. Is Musk Endorsing Cardano (ADA)? As several banks dropped Gupta’s commodity trading unit, GFG Alliance came to rely more on Greensill Capital for loans – ultimately racking up debts of nearly $5 billion to Lex Greensill’s trade finance company by March 2021, according to a presentation seen by Bloomberg News. Consumer spending at restaurants and sales of discretionary goods such as jewelry, alcohol and tobacco led the growth of retail sales in March.The economy was also boosted by a jump in investment from overseas. Since Elon Musk began taking an interest in crypto, most have been hoping he might take an interest in their invested coin. 4:22 – EVIDENCE that Elon Musk is Getting into Cardano & Ethereum 5:08 – Elon Musk’s FORAY into Ethereum. You can always unsubscribe with just 1 click. Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s army of Dogecoin (DOGE) recruit Gene Simmons has taken a fancy to Cardano (ADA) cryptocurrency. He recently changed his Twitter profile picture to feature a fork literally stabbed into a road accompanied by the bio: “meta for k.”. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group.Four banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what they perceived to be problems in bills of lading – shipping receipts that give the holder the right to take possession of a cargo – or other paperwork provided by Liberty, according to interviews with 18 people directly involved in the trades, as well as internal communications seen by Bloomberg News. In legislation published in the Official Gazette, the central bank said cryptocurrencies and other such digital assets based on distributed ledger technology could not be used, directly or indirectly, to pay for goods and services. Here is what you need to know! He went on to buy a string of other struggling steelworks, earning him the nickname “the savior of steel.”Gupta’s GFG Alliance isn’t a consolidated group, but a loose conglomerate of more than 200 different entities. Just saw a post by Charles Hoskinsson the founder of Cardano. “There was obviously a lot of hype around this and certainly Coinbase will be almost the best proxy for trading the crypto theme in the coming years.”On Fidelity’s platform Coinbase was the most traded stock on the day. The yield on benchmark 10-year sovereign debt fell slightly to 3.16%. The banks include Sberbank PJSC, Macquarie Group Ltd., Commonwealth Bank of Australia and ICBC Standard Bank. Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s army of Dogecoin (DOGE) recruit Gene Simmons has taken a fancy to Cardano (ADA) cryptocurrency. More than 148,000 shares changed hands there, nearly nine times more than runner-up Tesla Inc., according to data from the brokerage.“What is fascinating about Coinbase is this is the first way in which individuals can take part in this new market for cryptocurrencies without being subject themselves to the volatility those currencies have,” Michael Wolf, the chief executive officer and co-founder of Activate, a technology consulting firm, said on Bloomberg Television. Elon and Cardano The newest cryptocurrency that seems to have caught Musk’s eye is Cardano. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Bitcoin tumbled more than 4% on Friday after Turkey's central bank banned the use of cryptocurrencies and crypto assets for purchases citing possible "irreparable" damage and transaction risks. It also includes a 250 million euro ($300 million) interim financing plan to help meet the liquidity needs of Hertz’s international businesses, they added. The amended Knighthead and Certares plan also includes $550 million of cash in a recovery pool that would pay general unsecured creditors in full, the people said. He recently showed his support only to raise concern a few days later. Elon Musk Buying Ethereum or Cardano? Dat klinkt helaas alsof de voormalig rijkste man op aarde zich eigenlijk nooit echt verdiept heeft in cryptocurrency. Elon Musk, wat zeg je, Starman? Musk works on space technology and constantly follows developments in other industries. The fact that Ethereum (ETH) co-founder Charles Hoskinson was involved in the launch of ADA impressed the musician. Sydney Ifergan, the crypto expert, tweeted: “Cardano (ADA) If Charles Hoskinson spoke anything about Bitcoin recently, it was about how Elon Musk was drunk in response to the anime Bitcoin.” Before he got to the Reddit, Charles Hoskinson tweeted: “Thank God for drunk tweet Elon Musk. You can’t blame him for that. 00:00 Cardano ADA Intro 0:38 $25k Crypto Giveaway Launched 1:02 Elon Musk Trolling Cardano Confirmed 1:44 ADA Price Discussion 2:26 Mary Hard Fork March 1st 4:51 Cardano is a fork in the road 5:50 Market Recovery Coming? Elon Musk could have an opinion on the Cardano network Bitcoin expert Andreas Antonopoulos , who wrote “Mastering Bitcoin,” does not actually hold a lot of BTC. Elon Musk may be turning the beloved fictional island “Jurassic Park” into a real-life destination hotspot, with dinosaurs and all. Retail sales growth was 6.3% in March when calculated on a two-year average growth basis -- which removes distortions created by last year’s lockdowns -- up sharply from the rates seen last year.“We are seeing a bit more balanced recovery in the Chinese economy,” Wang Tao, chief China economist at UBS AG, said in an interview with Bloomberg TV. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. In the end, it seems that this relationship worked out fine as Musk made it clear both he and his kids own, and mine, Dogecoin. 3 Altcoins YOU NEED TO SEE! One analyst specifically believes that the entrepreneur is secretly interested in Cardano and has been hinting at it for some time.. Elon Musk is a big fan of crypto. Whatever he meant, the result was even more chatter about BTC on Twitter. The S&P 500 has rallied significantly during the trading session after the retail sales numbers in America came out much stronger than anticipated. As Sanjeev Gupta Rose From Trader to Tycoon, Several Banks Backed Away, Gold hits seven-week peak as retreating U.S. yields boost appeal, U.S. Drops Switzerland, Vietnam Currency-Manipulator Labels. Spot gold jumped 0.9% to $1,779.00 per ounce by 10:26 a.m. EDT (1426 GMT), having earlier hit its highest since Feb. 25 at $1,783.55. Penalties, including exclusion from U.S. government contracts, could be applied after a year unless the label were removed.Trump EraDuring the Trump era, the Treasury abruptly designated China a manipulator in mid-2019 outside its usual release schedule, only to lift the label five months later to win concessions in a trade deal. "We've had many investors abandon some positions because of some extreme technical selling we saw with Treasury yields and that has really provided a strong backdrop here for gold prices to continue to appreciate.". Hertz, like rivals that didn’t file bankruptcy, sold large portions of its inventory and cut costs severely to shore up finances when U.S. travel ground to a halt last year. Elon Musk Fans Set To Celebrate Tesla Founder on 4/20 Elon Musk wants to Remove Radar from Teslas AFIRMAN que ELON MUSK Revivirá a los DINOSAURIOS y Creará un PARQUE JURÁSICO en la VIDA REAL First Tesla, Now Rent: California Billionaire’s Real Estate Company Accepts Bitcoin Payments ... Cardano Price Prediction! Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss. He moved to the U.K. as a teenager to attend boarding school and set up Liberty House, his commodities trading business, in 1992 while he was still an undergraduate student at Trinity College, Cambridge. Data released Thursday showed the U.S. economy’s comeback is firing on all cylinders, with retail sales exceeding pre-pandemic levels in all categories except restaurants. Verizon plans to expand its 5G business internet footprint throughout the country, bringing its full suite of services from video-collaboration tools to edge computing. Todays video is packed out with first looking at all of the Elon Musk breadcrumbs that he has been leaving which seem to lead back to Cardano. pic.twitter.com/UiIqowJ4pY, — Gene Simmons (@genesimmons) February 19, 2021, Simmons gave reasons for his investment in ADA saying it was “affordable to almost everyone.”, “It’s pennies compared to my other holdings like Bitcoin, which is over $50,000 a single coin. IS HE BUYING? The all-country world index, a benchmark heavily weighted to Apple Inc, Microsoft Corp and Amazon.com Inc, is up about 8.5% for the year as growth rose 1.4% and value 0.4% on Thursday, as measured by the Russell 1000 indexes. That drew the attention of retail traders who piled in at a level not seen since the debut of Rocket Cos., the parent of the mortgage giant founded by billionaire Dan Gilbert, making it the fifth most- popular new listing among the group since 2017.“It is pretty surprising to see such strong buying,” said Viraj Patel, global macro strategist at Vanda Research. Drawing conclusions from that interview alone, however, won’t give us a clear picture on where he stands. Toch haalde onlangs ook Cardano (ADA) oprichter Charles Hoskinson uit naar Bitcoin en noemde het ook verouderd. “LCL has ongoing banking relationships with separate financial institutions,” GFG Alliance said in the statement. All signs seem to be pointing in that direction, but remember, the Prophet from Pretoria isn’t always sober when he’s tweeting. Yet each time investigators located one of the containers, they found it had already been emptied, according to two people involved in the matter. “It was difficult to work out the commercial sense of some of the shipments, which resulted in our decision to err on the side of caution and discontinue such trades,” said Farmer, who is one of the world’s best-known metal traders. I’m not a Financial Analyst and I’m not telling U to buy or not to buy. This action has raised speculation in the crypto community on whether the billionaire entrepreneur and tech expert is actually trolling the smart contract platform, Cardano (ADA). What … But within 10 minutes of purchasing the stock at $394 and a few conversations with his friends who are also buyers, it “made me realize that I probably didn’t make the best decision jumping in that quickly,” he said.“I obviously knew the risk of jumping in on a company as soon as it went public, but it just seemed like an obvious investment considering cryptocurrency has been the ‘next big thing’ for young investors like me.”Fortunately for Kuku, he managed to sell at a profit at $415. The moment when Mr.Musk’s tweets came in, Cardano ADA was trading at $1.00. Benzinga does not provide investment advice. Elon Musk changes his Twitter bio to “meta for k” – is he really trolling Cardano? “Its reliance on Greensill was a natural consequence of the competitive nature of the trade finance market, which has been hugely challenging for all but the very largest commodities traders in recent years.”Now, with Greensill in insolvency and its German subsidiary under a criminal complaint after the regulator said it found irregularities in how the banking unit booked assets tied to GFG Alliance, Gupta is trying to find new financing. Elon Musk, the CEO of Tesla and founder of SpaceX, has recently changed his Twitter bio to “meta for k”. (Bloomberg) -- The U.S. refrained from designating any trading partner as a currency manipulator in the Biden administration’s first foreign-exchange policy report, even as Switzerland, Taiwan and Vietnam met thresholds for the label.The Treasury Department said Friday that those three economies met criteria for the manipulator label, including a large trade surplus with the U.S. : Daniel MossThe recovery last year was led by strong investment in real estate and infrastructure spurring demand for industrial goods, while overseas orders for medical goods and electronic devices fueled exports. (Updates with more comments from Kamiyama)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Coinbase is known for its expensive trading fees yet it's still not listing doge, one of the most traded tokens. 6:56 – Elon Musk’s FORAY into Cardano? Elon and Cardano The newest cryptocurrency that seems to have caught Musk’s eye is Cardano. And the early enthusiasts likely walked away with a few bruises.Day traders purchased a net $57 million of the cryptocurrency exchange’s shares during its debut Wednesday on the Nasdaq Stock Market, according to data from VandaTrack. Retail buying tapered off as the initial euphoria waned and the shares paired their gains to finish the day below the opening trade price.Coinbase gained as much as 6.4% in early trading Thursday on news of a $246 million investment from Cathie Wood’s Ark Investment Management and positive analyst coverage, though the shares remained below their opening price.Tayo Kuku, a 27-year old photographer based in Washington, D.C., is among the cohort of investors who bought in. The Treasury kept China, Thailand, India, Japan, South Korea, Germany, Italy, Singapore and Malaysia on the monitoring list.The agency said China’s “failure” to be more transparent around activities at state-owned banks warrants close monitoring. “The issue was settled in pre-trial format. Terms of the settlement, which included a monetary payment made by Cao to Tesla, were not disclosed. He promised that his company would pay back the roughly $100 million it owed, the people said.“At some point certain discrepancies were spotted within documentation and logistical data, which made Sberbank discontinue all operations with the company,” the bank said in an emailed statement. Why? Fixed-asset investment in real estate rose 7.6% on a two-year average growth basis and infrastructure spending increased roughly in-line with pre-pandemic rates. All rights reserved. Citibank has hinted there won't be any possible layoff and closure of physical branches in the countries it is exiting. Elon Musk has been seen touting cryptocurrency, especially Bitcoin […] Altcoin Daily, the best cryptocurrency news media online! As with Switzerland and Vietnam, Treasury officials said Taiwan met the criteria laid out in a 2015 law by a wide margin, but declined to name the country as a “manipulator” under a related 1988 act.Taiwan widely exceeded the thresholds for all three criteria, and the U.S. urged the nation to create a plan to address the causes of its currency undervaluation.Taiwan’s central bank has acknowledged intervening in foreign exchange markets to pare gains by Taiwan’s currency against the dollar. Après qu’Elon Musk ait changé sa biographie sur Twitter en « Meta for K », des spéculations folles ont surgi au sein de la communauté Cardano aujourd’hui pour savoir si le PDG de Tesla faisait référence à la crypto-monnaie. Revenue rose to $8.41 billion in the 15 months to March 2019, from $1.67 billion in 2012, according to the accounts of Liberty Commodities Group Pte, a Singapore holding company for the trading operations.Delayed DeliveryMacquarie became concerned about the paperwork underpinning some of Liberty’s trades some four years ago, according to four people with direct knowledge of the events as well as written communications seen by Bloomberg News.In one instance, the bank realized that nickel that it was supposed to have received in Antwerp, according to the shipping documentation, wasn’t at the port, according to two people. The central bank has asked banks to curtail loan growth in coming months as it seeks to control credit to curb asset bubbles. The speculations say that Musk could be referring to the programming language or … (Updates for Thursday trading in the fifth paragraph. The developments raised concerns that the report was being increasingly politicized.That, combined with the December manipulator designations being defied by Switzerland and Vietnam who did not change their policies as a result, has called into question the credibility of Treasury’s foreign-exchange assessments.These concerns continue under Yellen.In 2019, her predecessor Steven Mnuchin used the older of the two active trade laws that inform Treasury’s currency assessments to label China a currency manipulator. Though he left unscathed, he still plans to “keep an eye out and may possibly dip my feet back in in the next few weeks.”The debut of the first cryptocurrency exchange to list on a U.S. public market was widely hailed as ushering in a new era for the oft-mocked asset class. Property purchases in China funded through bank loans fraudulently obtained by speculators are fuelling already red-hot real estate markets in its biggest cities and beginning to alarm regulators. Verizon Communications Inc, one of the largest U.S. telecom companies, said on Thursday it will launch 5G internet for businesses in 21 U.S. cities this month, expanding its presence from Chicago, Houston and Los Angeles. Cardano’s Charles Hoskinson – We’re going to pull an Elon Musk Charles Hoskinson has given a crucial hint about ongoing developments in the Cardano ecosystem. Max Hodak, who co-founded Elon Musk’s company Neuralink, tweeted claiming their startup has the technological resources to create its own themed animation park, complete with living prehistoric animals. The industry is raising prices as business and leisure travel surges and household-name rental companies don’t have enough cars for customers to drive off the lot. Should the trader run into financial difficulties, the bank can seize its collateral – the cargo – and easily recoup its money. @Cardano pic.twitter.com/yt27H0DEe4. IS HE BUYING? Dat zou wellicht ook zijn enthousiasme over Dogecoin kunnen verklaren. That honor went to the ProShares UltraPro QQQ exchange-traded fund (ticker TQQQ), a three times levered tracker of the Nasdaq 100 Index, which saw $72 million of net retail buying on the day despite plunging by 3.5%. But some have quit the job hunt, Graphic: The cycle turns - Emerging central banks hike rates in March, China’s Digital Yuan Won’t Topple Dollar, BOJ Official Says, Coinbase Misses Out on Dogecoin Listing as Meme Token Rallies 6,000%+ on Binance, Surge in illegal bank loan-funded China property buys worries regulators, Coinbase’s Retail Buyers Stung After Plowing in at Debut, Bitcoin tumbles after Turkey bans crypto payments citing risks, Dollar steady as strong data offsets lower yields, Verizon to launch 5G internet for businesses in 21 U.S. cities, World stocks rally as Treasury yields tumble, Amazon's Bezos: Union defeat does not bring 'comfort'. 6:12 Why the Mary Hard Fork is so important 7:32 Future of Cardano after Mary Hard Fork 9:21 Final thoughts and Outro Daily efforts to stabilize the Taiwan dollar began in earnest in June 2020 until September. (Bloomberg) -- A senior Bank of Japan official played down the potential for China’s digital yuan to threaten the dollar’s position as the world’s main reserve currency.“The dollar’s status as the key global currency won’t change so easily,” said Kazushige Kamiyama, head of the BOJ’s payment systems department and the person in charge of looking into a virtual Japanese currency. And here is one I believe in.”. I believe everyone should be able to afford cryptocurrency. Still, Liberty’s containers of nickel would sometimes take an unusually long time to travel between Europe and Asia – instead of the normal sailing time of about one month, the voyage would take several months, stopping off at ports along the way for weeks at a time, six people said.Metals trader Red Kite Capital Management, which also cut ties with Liberty, did so because it had become “uncomfortable” with some of the trades, said Michael Farmer, the company’s founder who is also a member of the U.K’s House of Lords.