Yes, Investors Just Gave $12 Million to a Virtual Kitten-Breeding Game

CryptoKitties — the Ethereum-powered virtual game in which users spend crypto to collect digital pet cats — has raised more than $12 million in seed capital. Like Angry Birds was for smartphone apps, the makers of the game are hoping for a breakout success to makes using cryptocurrency a mainstream activity for millions. The Vancouver-based developers […]

Who’s Listening To Your Smartphone Conversations? Some Fear It’s China….

Is your smartphone a double agent? Following a warning from the U.S. government’s top security agencies on Chinese-made phones, at least one mainstream U.S. retailer has decided to stop selling them. Best Buy has dropped smartphones, smartwatches or laptops from Chinese manufacturer Huawei. Huawei is the world’s third-largest smartphone maker. Best Buy is the United States’ largest […]

This Mineral Is the Heart of the New Economy, and One Country Supplies Most of It

First Cobalt Corporation, a Vancouver-based miner, will take over American mining company US Cobalt Incorporated. The all-stock deal is reportedly worth about $116 million dollars. The buyout also represented a 61.8% premium to the closing stock price of US Cobalt shares on March 13. “We’re trying to fast-track our way into North American mining and refining,” said […]

James Rickards: Gold Is Best Hedge Against Coming Fiat Collapse

James Rickards is a lawyer turned hedge fund consultant turned political advisor. He’s also a gold fanatic and since 2011 a best selling author with the publication of Currency Wars: The Making of the Next Global Crisis. In 2016 he published The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis, a book that […]

Biggest Investors Dump Stocks, Bonds for More Private Equity

Sovereign wealth funds have boosted their investment in private equity and other alternative investments to nearly one-fourth of their total assets, according to a report by accounting firm PriceWaterhouseCoopers (PwC). PwC reported that yield-hungry sovereign wealth funds had 23 percent of their assets invested in private equity, real estate, infrastructure and commodities in 2016, up […]

Oil Legend T. Boone Pickens Launches Energy ETF

Billionaire Texas oilman T. Boone Pickens, 89, has been involved in legendary companies such as Gulf Oil, Unocal and Phillips Petroleum. Oklahoma State University’s School of Geology and football stadium is named after him. He ran his own energy hedge fund, BP Capital Management, for 40 years. Now Pickens has an exchange-traded fund (ETF) bearing […]