Korea Bitcoin ETF Approval Depends on US SEC Decision, Admits Stock Exchange Official

South Korea has joined the cryptocurrency community when it comes to waiting for the US’ verdict on Bitcoin exchange-traded funds (ETF). The nation’s sole bourse operator, Korea Exchange (KRX), admitted that it was carefully observing the constantly-unfolding crypto ETF scenario in the US. An official at the exchange – on condition of anonymity – told the Korean Herald that seeing the Securities and Exchange Commission’s (SEC) response to the bitcoin derivative products could assist KRX in understanding how they could move forward with similar investment offerings in South Korea. Excerpts from his statement: “The US has been the front-runner on the cryptocurrency

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SpaceX Layoffs Were Caused by ‘Absolutely Insane’ Projects, Admits Elon Musk

There aren’t many CEOs who can blame company layoffs on interplanetary space crafts and Space-based Internet. But then, there aren’t many CEOs like Elon Musk. During an investor call for Tesla on Wednesday, Musk argued that the SpaceX layoffs were completely different and due to his company’s ‘absolutely insane’ projects. SpaceX documentary actual footage pic.twitter.com/RrEwYwMNgj — Elon Musk (@elonmusk) January 28, 2019 Insane or intrepid, no one likes losing their job. Come to think of it, no one likes hearing that to keep their job, they must work relentlessly and say goodbye to their work-life balance either. Musk may be

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UBS CEO Sergio Ermotti Basically Admits Equities Are A Ponzi Scheme

Speaking at a CNBC panel at the World Economic Forum in Davos, Sergio Ermotti, the chief executive officer of Swiss bank UBS said the massive December sell-off was the result of political fears as well as the reality setting in that the Fed is tightening up the money spigots. December losses on the S&P 500, Dow Jones, and NASDAQ made 2018 the worst year for equities since the devastating financial crisis of 2008, the worst December of trading on the U.S. stock market since 2008 as well, and even the worst December since the Great Depression. U.S. Stocks Were Massively

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