Bitcoin value falls off cliff after $77M stolen in Hong Kong exchange hack

Many investors holding BTC sell holdings in wake of Bitfinex hack. sci tech news

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Elon Musk reveals Tesla’s master plan

(GERMANY OUT) Menschen , Leute , People , Elon Musk Gruender Firma Fahrzeughersteller Tesla Motors Auto Elektroauto ECar (Photo by Lambert/ullstein bild via Getty Images) Elon Musk plans to steer Tesla towards fully autonomous driving, car sharing, and cargo transport, according to the long awaited blog post on the company’s website. A fully solar power ecosystem driven in-part by SolarCity will help Musk and Co. get there. Musk has been teasing the master plan part II for days. What would be in it? Would Tesla cars fly? Would they go to space? What… Read More Syndicated from TechCrunch

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Why Wall Street Fought So Hard Against Brexit

Why Wall Street Fought So Hard Against Brexit:

For decades, Wall Street has considered London a beacon through which it could reach the rest of Europe….

But Britain’s stunning vote on Friday to divorce itself from the European Union has thrown London’s status as Europe’s financial center into question – and with it, the city’s relationship with New York bankers.

From London, Wall Street has been able to sell its services across 28 nations without the headache of having to get regulatory approval from each individual country….

The shock of the British vote tanked U.S. markets Friday with the financial sector taking among the toughest hits. Goldman Sachs and JPMorgan Chase were both down 7 percent. Morgan Stanley tumbled 9 percent.

Syndicated from In Case You Missed It

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Tesla gets more than solar panels with offer to acquire SolarCity

Power plant using renewable solar energy with sun News of an offer from Tesla to acquire SolarCity came mostly unexpected to traders earlier this afternoon. In a rapid “knee-jerk” reaction, traders bid up SolarCity by 13 percent and sent Tesla tumbling down 12 percent. It is typical for the stock of an acquisition target to spike while the acquirer’s stock falls according to Michael Morosi of Avondale Partners. SolarCity… Read More Syndicated from TechCrunch

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The Europas — It’s time for a different kind of tech conference

awards3 (1) Let’s face it. Some tech conferences have lost their way. While TechCrunch Disrupt remains a firmly curated, media-driven, event, with hundreds of journalists attending, a couple of other conferences have really gone for scale. A minimum of 15,000 people, thousands of companies, echoing halls — and a lot of investors (and journalists) turning their badges around so they don’t… Read More Syndicated from TechCrunch

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