Venture firm Full Tilt Capital is making the move to only invest in tokenized securities. The firm's Managing Partner Anthony Pompliano explains the investment opportunity he sees in this space.
"There's going to be a bunch of scams, there's going to be a lot of people that are going to get caught up in the tightening of regulation, but we are also going to get a lot of sustainable technologies that come out of this," says Pompliano. He says he sees the infrastructure, miners, exchanges, and the wallets as being the true winners in this evolving space.
Earlier this week the value of Bitcoin plunged to just 50 percent of its 2017 peak. Pompliano says he expects the value of Bitcoin to recover, and predicts it to eventually hit 50,000 this year.
Mercedes-Benz unveiled new concept electric vehicles.
Elon Musk is considering filing a lawsuit against the Anti-Defamation League, blaming them for lost advertising revenue and amid accusations of being anti-Semitic.
Stocks opened Tuesday's session lower after data in China showed slow growth in services activity.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Tesla has revealed its updated Model 3.
Ford is recalling 169,000 vehicles to replace rearview cameras.
Robinhood said it would buy back shares from disgraced former FTX head Sam Bankman-Fried.
Walgreens said its CEO Rosalind Brewer has stepped down and appointed an interim CEO while a search for a replacement is underway.
The Federal Trade Commission has given the green light to Amgen's purchase of Horizon Therapeutics.
Mortgage rates were down this week after being up for the past five weeks.
