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Tyler Durden's picture

Bitcoin Community Gangs Up On "Bad Actor" As Mt.Gox Site (And Feed) Disappears





UPDATE: Mt. Gox website and feed is now offline

Much as we are not surprised, given our previous discussion of the end of major Bitcoin exchange Mt. Gox, this evening's release by Coinbase must be the final nail in the final coffin of the Tokyo-based firm...

"The purpose of this document is to summarize a joint statement to the Bitcoin community regarding Mt.Gox. ... As with any new industry, there are certain bad actors that need to be weeded out, and that is what we are seeing today. "

And scene...

 
Tyler Durden's picture

The 6 Types Of Twitter Conversation





Social media is increasingly home to civil society. As Pew Research notes, it is the place where knowledge sharing, public discussions, debates, and disputes are carried out. As the new public square, social media conversations are therefore as important to document as any other large public gathering. By analyzing many thousands of Twitter conversations, Pew identified six different conversational archetypes. The following infographic describes each type of conversation network and an explanation of how it is shaped by the topic being discussed and the people driving the conversation... the structure of these Twitter conversations says something meaningful about political discourse these days.

 
Tyler Durden's picture

Central Bankers: Inflation is God’s Work





Inflation is always somebody else’s fault. Ludwig von Mises called out finger pointing central bankers and politicians decades ago in his book, Economic Policy. “The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.” Don’t expect the printing to stop any time soon. Central bankers believe they are doing God’s work. “To ensure that my people survive, I had to print money,” Zimbabwe's Gideon Gono told Newsweek. “I found myself doing extraordinary things that aren’t in the textbooks. Then the IMF asked the U.S. to please print money. The whole world is now practicing what they have been saying I should not. I decided that God had been on my side and had come to vindicate me.”

 
Tyler Durden's picture

Venezuela Revokes CNN Journalist Credentials Amid "War Propaganda"





"The CNN team was informed that their correspondent credentials were revoked," Venezuela's Information Ministry vice-president Francisco Perez stated. Ironically, for CNN, the decision was announced vis Perez' Twitter account, following Maduro's proclamations last night that "Enough! I won't accept war propaganda against Venezuela." Interestingly, given the opposition's need to raise the awareness among the 'poor' in Venezuela if they are to succeed, local television networks have provided almost no live coverage of the protests against Maduro. While just one "journalist" has his credentials revoked, Maduro has threatened, to expel the whole network from the country if it did not "rectify" the way it has covered deadly political protests.

 
Tyler Durden's picture

Caracas Is Burning As Maduro Warned May Face Military Coup





With all eyes focused on Ukraine, the situation in Venezuela has once again escalated as protest leader Leopoldo Lopez' arrest (and possible 10 year jail sentence) prompted more violence overnight. However, as we warned, the government crackdown is starting to raise concerns about the stability of the government.

*VENEZUELA PROTESTS ESCALATING INTO NATIONWIDE UNREST; ESCALATION OF PROTESTS PUTS STABILITY OF GOVT AT RISK; RISING VIOLENCE COULD LEAD TO MADURO OUSTER BY MILITARY: IHS

As opposition leader Capriles asks Venezuela's military to uphold the constitution, he exclaims that "the poor' must participate for government to change.

 
Tyler Durden's picture

Frontrunning: February 20





  • Facebook CEO Raises Dealmaker Profile With $19 Billion Takeover (BBG)
  • WhatsApp’s Founder Goes From Food Stamps to Billionaire (BBG)
  • U.S. Feels Putin's Sharp Elbows in Ukraine (WSJ)
  • PBOC Drains Cash as Overnight Rate Slides to Lowest in 10 Months (BBG)
  • Fed Puts Rate Increase on the Radar (Hilsenrath)
  • Banks Flouting Bonus Rules in Denmark Set to Be Named by FSA (BBG)
  • Work Set to Resume on Upgrading Panama Canal (WSJ)
  • Euro-Area Recovery Loses Pace as Manufacturing Weakens (BBG) - uh, what recovery?
  • Ukraine Exposes EU Policy Disarray (WSJ)
 
Tyler Durden's picture

Facebook Blows $16 Billion On SnapChat Competitor WhatsApp; Stock Tanks





After being rebuffed by SnapChat last year to the tune of $3 billion, Facebook decided that growth at any price was all that matters by blowing more than 5 times as much on the purchase of privately-owned WhatsApp. For $16 billion ($4bn cash and $12bn stock), Facebook gets 320 million active WhatsApp users at a whopping $50 per user. Why whopping? Because a few days ago Rakuten bought Viber's 300 million users for $900 million, or about $3 a pop, and about ten times less than what Facebook just paid. Not surprisingly FB shareholders are not happy. The company, which allows users to send messages over the web for free (as opposed to traditional text messages which most Telcos are now offering for free also) "is on a path to connect 1 billion people," Zuckerberg said, adding that they are "adding 1 million people per day..." It seems, as we noted previously, that the real bubble is in private markets not public.

 
Sprout Money's picture

How High Will Gold Stocks Fly?





Expect a wild ride...

 
Tyler Durden's picture

Ukraine Slide Accelerates: AG Office Seized, Criminal Files Being Set On Fire; US To Hold Government Responsible





It's getting form bad to worse in the Ukraine: either martial law will be announced any time soon or the proxy civil war becomes a real one. On the bright side, there is something to be said about having a nation's criminal cases all in paper format: once there is a revolution, everyone's slate gets wiped clean...

 
Tyler Durden's picture

Venezuela Expels 3 US Diplomats For "Promoting Instability"





Having been 'busted' for their manipulation of events in Ukraine (and exposing their views of the European Union), it seems US diplomats have been up to their old tricks once again... this time in Venezuela. "Go Conspire In Washington," was the clear message sent to the US as President Maduro expelled three US diplomats from his country, accusing them of plotting with anti-government protesters in an attempt to topple his socialist government. This is the second time Maduro has kicked out US diplomats (3 more were expelled in September for 'conspiring with government opponents') as he blasted comments by John Kerry as "yet another maneuver" by Washington to "legitimize attempts to destabilize the Venezuelan democracy unleashed by violent groups in recent days."

 
Tyler Durden's picture

If Invading Switzerland, Please Do So Outside Of "Office Hours"





When overnight we were following the Ethiopian Airline hijacking story, one thing that was missing from the Twitter narrative was the lack of any reports of scrambled Swiss fighter jets - something that has become a staple when an airplane deviates even modestly from its course above the continental United States. As it turns out it wasn't merely a journalistic oversight: there were, in fact, no fighter jets scrambled. Why? Because the hijacking which took place around 3 am, and culminated with the 767 landing in Geneva just after 6 am, took place outside of regular air force hours! No really: "... the Swiss airforce is only available during office hours. These are reported to be from 8am until noon, then 1:30 to 5pm."

 
Tyler Durden's picture

Ethiopian Airlines Co-Pilot Hijacks Plane, Seeks Swiss Asylum; Will Go To Prison Instead





For a plan that culminated with a hijacked plane landing in Geneva, Switzerland, it was anything but a "Swiss watch" execution.

 
Tyler Durden's picture

Venezuela Accuses AFP Of "Manipulating" News Coverage; Shuts Down Colombian TV Station





Having described Venezuela as "absolutely calm" today - when it was anything but; the fact that Venezuelan President Nicolas Maduro has the stones to accuse Agence France Press of "manipulating" news coverage is stunning.

*VENEZUELA ASKS INFO MINISTER TO TAKE ACTIONS AGAINST AFP NEWS

Furthermore, Maduro has taken a TV station off-air that competed with Telesur (the state-owned TV station). Of course, we should not worry as Maduro has explained the violence is all protesters' fault and that he will propose his "peace plan" tomorrow.

 
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