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Bitcoin Stays Strong

If you’re a regular reader, you know that for the past few years I’ve been primarily focused on bitcoin in the cryptocurrency space.
Bitcoin is incredibly far ahead of the competition in all the areas that matter. Honestly, I wish altcoins were doing better in terms of adoption. But most are struggling.
Today, bitcoin is the only cryptocurrency fulfilling a real purpose for millions of people. In places where inflation is high, like Venezuela and Argentina, people use bitcoin as a store of value. In these kinds of places, if you store money in the local currency, it’s guaranteed to lose value …read more […]

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IBM's 'surprise' CEO: Arvind Krishna to take over from Ginni Rometty

While the leadership change was largely expected, Wall Street analysts were surprised by the timing and the choice of Krishna as the CEO. “We believe the frontrunners in most investors’ minds had been either Jim Whitehurst (former CEO of Red Hat) or former CFO Martin Schroeter,” said Bernstein analyst Toni Sacconaghi. …read more […]

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Exxon, Chevron results augur tough year ahead, shares drop 3.5%

Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S. oil producers and signalling a weak start to the new year. While one-time asset sales or write downs were large factors, the two companies said earnings suffered from weaker margins in crude oil, natural gas, chemicals and fuel production. “There’s no silver bullet on improving returns in a flat commodity price environment,” said Chevron Chief Executive Mike Wirth. …read more […]