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Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000

Michael Novogratz, the former macro manager who’s turned into one of the biggest champions of bitcoin, shelved plans to start a cryptocurrency hedge fund and predicted that the digital money may extend its plunge to $8,000. “We didn’t like market conditions and we wanted to re-evaluate what we’re doing,” Novogratz said Friday in a phone interview. “I look pretty smart pressing the pause button right now.” Novogratz, 53, said he told potential investors last week that he changed his mind, two days before his Galaxy Digital Assets Fund was due to…

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Manhattan subway explosion ‘was attempted terrorist attack’, says mayor

Four total injuries reported following blast on subway near Port Authority at 42nd Street and Eighth Avenue in Manhattan A 27-year-old man was in custody on Monday after detonating an explosive device on the New York City subway during the morning commute. The suspect, Akayed Ullah, was one of four people injured in the explosion, which occurred at about 7.20am in a passageway near 42nd Street and 8th Avenue, in midtown Manhattan near Times Square, New York City police said. None of the injuries were life-threatening. At a midtown press…

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Ray Dalio Says End of the SALT Deduction Will Further Divide the Nation

Billionaire legislation. The Senate bill mirrors the House legislation by calling for the repeal of state and local tax deductions, while allowing up to $10,000 for property tax deductions. According to a study by the Tax Policy Center, 7 percent of taxpayers would pay more tax in 2019, 10 percent in 2025, and 48 percent in 2027, compared to current law. On average in 2027, taxes would change little for lower- and middle-income groups and decrease for higher-income groups. Tax Revenues On its face, ending so-called Read more about the…

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Headlines 

Bitcoins Wild Ride: A Rally, a Rout and Outages on the Exchanges

Bitcoin plunged as much as 20 percent hours after a rally past $11,000 generated a surge in traffic at online exchanges that led to intermittent outages. The plunge capped a wild day for the largest cryptocurrency that included a breakneck advance to a high of $11,434 before the reversal took it as low as $9,009. As of 3:36 p.m. in New York, it traded at $9,911.10, virtually unchanged from where it began the session. The heaviest selling came amid earlier led to selloffs in cryptocurrencies. Coinbase, one of the biggest…

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New York woman shot dead with pistol by hunter who thought she was a deer

Rosemary Billquist, 43, was killed by a single pistol shot as she walked her dogs after sunset, when it is illegal to hunt A 43-year-old woman walking her dogs in a field in western New York was accidentally shot dead by a hunter who thought she was a deer, authorities said. The Chautauqua County sheriffs office said Rosemary Billquist, of Sherman, took her dogs for a walk in her home town near the Pennsylvania border around 5.30pm on Wednesday. Deputies said Billquist was walking in a field when a man…

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New Uber CEO Keeps Finding Horrors at Every Turn

The appointment of Dara Khosrowshahi as head of cyberattack Uber had been concealing since last year that exposed personal data on 57 million customers and drivers globally. The company, which said it had paid hackers $100,000 to delete the data and keep quiet, disclosed the incident in a statement to Bloomberg on Tuesday, following an investigation commissioned by the board. The chief security officer and one of his deputies were ousted for their actions following the hack. Khosrowshahi’s role so far looks less like a turnaround artist and more like…

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Da Vincis Christ Portrait Shatters Art Record With $450 Million Sale

“Jesus Christ.” That was the reaction of mega art dealer Larry Gagosian after a rediscovered painting by Leonardo da Vinci became the most expensive work ever sold, soaring to $450.3 million at a Christie’s auction in New York on Wednesday. Alex Rotter, the auction house’s co-chairman of postwar and contemporary art in the Americas, placed the winning bid on behalf of an unidentified client after a 19-minute war that saw offers at $200 million, $300 million and $350 million fall short. The result obliterated previous world records for an art sale of…

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Eight people killed in New York ‘act of terror’ after truck drives on to bike path

Police say suspect, 29, in hospital after being shot by officer while mayor De Blasio says attack being treated as a particularly cowardly act of terror Eight people were killed and more than a dozen injured after a man drove a truck nearly a mile down a bike path in Manhattan on Tuesday afternoon, striking pedestrians, cyclists and a school bus. New York City mayor Bill de Blasio said the incident was being treated as an act of terror, a particularly cowardly act of terror. De Blasio said a police…

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Friday’s iPhone X Pre-Orders Will Be Crucial for Apple

The most important date for shorter lines of expectant fans waiting outside stores on release days. So even though analysts widely expect iPhone X supplies to be limited early on, the device will still be available in 55 countries and territories. Apple also expects to have the iPhone X in many stores on Nov. 3 and said Tuesday that walk-in buyers should “arrive early.” Investors and analysts will be able to monitor how the wait times for delivery develop in the course of Friday, giving insights into demand. As more…

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I Think We Got Away With It: Listen to HSBC Trader Phone Calls

Here’s the challenge for U.S. prosecutors: convince a jury former HSBC currency trader Mark Johnson is guilty of front-running a $3.5 billion client order. Their strongest evidence is HSBC’s audio recordings of the phone calls between Johnson, the bank’s former global head of foreign exchange, and traders in London and New York, which take the jury back to re-live events of six years ago. The jury, which on Thursday started weighing the fraud case against Johnson, listened to numerous calls, including one where he said, “I think we got away with…

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Oils Biggest Rigs Head to the Junkyard

Ensco Plc brought its DS-4 drillship back from cold stack, but it wasn’t mothballed as long as Transocean’s rigs and was tied to a dock, allowing it access to more auxiliary power while parked.) With Pathfinder, and a cousin called the GSF Jack Ryan that’s also being scrapped after its Caribbean cold stacking, Transocean will never know for sure. The Vernier, Switzerland-based company declined to comment for this story. For Transocean and the others that went the cold-stacking route, “this has been a very painful process,” said Greg Lewis, an…

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Tillerson Says U.S. Talking With North Korea on Nuke Program

The U.S. is communicating with North Korea about its nuclear program and testing Pyongyang’s appetite for negotiations, Secretary of State Rex Tillerson said in the first public acknowledgment by a senior administration official of direct contact on the matter. A State Department spokeswoman later tamped down prospects for a breakthrough in the tense relations between Washington and Pyongyang. Tillerson, speaking to reporters on Saturday after meeting Chinese officials in Beijing, insisted that the U.S. would never accept a nuclear-armed North Korea. His remarks offered the clearest glimpse so far into U.S.…

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How Crazy Is Elon Musks Hypersonic Space Rocket Airline?

For whatever reason, some of the world’s smartest and most eccentric people tend to be drawn toward airlines. Elon Musk is the latest, but with a twist—rockets. Tacked onto a detailed explanation Friday of how SpaceX intends to land cargo on Mars five years from now—a farcical schedule that Musk conceded was “aspirational”—the space, car, solar, and battery entrepreneur segued into an audacious proposal to harness the speed of space-travel for faster earthly flights. In essence, Musk wants to fly you even when you’re going merely to London, not Mars. Flying at a…

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Theres A Genius Street Artist Running Loose In New York, And Lets Hope Nobody Catches Him

Using street “furniture” like poles or electrical terminals, Tom creates colorful and whimsical pieces that interact with their surroundings. From turning a sewer into a frying pan, to transforming gas meters into quirky lobsters, Tom Bob is making the city a much happier place for everybody. #2 #4 #6 #8 #9 #12 #14 #16 #18 #19 #22 #24 #26 #28 #29 #32 #34 #36 #38 #39 #42 #44 #46 Read more: http://www.boredpanda.com/street-art-tom-bob-new-york/

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Odds and Ends 

Use The Internet To See If Homestar Runner Is Censored, And 4 Other Tips For A Perfect Day In Hong Kong

If youve only got 24 hours in Hong Kong, here are the things you absolutely have to do! 1. Use the Chinese internet and see if Homestar Runner is censored: Any good traveler knows about Chinese internet censorship, but if you went and visited Homestarrunner.com in Hong Kong, would the government actually try and stop you? Who knows, but while youre there, maybe just go ahead and check in on Homestar and the gang! That is, assuming Xi Jinping doesnt have it out for them. 2. Trip over an extension…

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