Former Wall Street investment manager Will McDonough launched iCash in September 2017. McDonough explains how he is using this network to launch its first product, which applies cryptocurrency to online sports wagering. Now is the time to jump on the cryptocurrency craze, says McDonough. "We're still very, very early. This is a true supply and demand story," McDonough said. This week, both Bitcoin and Ethereum surpassed new milestones. After surpassing the $11,000 mark this week, Bitcoin is now trading at $9,614. FaceOff, iCash's first product launch, will be a decentralized application for online sports wagering. McDonough says by using cryptocurrency, this platform removes the "house" and risk. McDonough says by leveraging Ethereum and smart contracts, FaceOff can create auto-settlements.

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Musk loses crown as world’s richest to software giant Larry Ellison
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
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