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Akon to build new city in Africa with currency called AKoin

Akon to build new city in Africa with currency called AKoin

Technology
Grammy-nominated artist Akon is planning to build a futuristic city in Senegal and base its entire economy around a new cryptocurrency named after himself. The multi-platinum-selling music producer unveiled the ambitious project at a creative festival in Cannes, where he spoke at a panel titled Branding Africa: Blockchain, Entrepreneurship and Empowering the Future.According to page six, he told an audience at the Cannes Lions International Festival of Creativity that his proposed cryptocurrency - dubbed AKoin - could be "the saviour of Africa in many ways" because of how secure it would be.It would all be based on a mobile app, which he said would allow citizens of Akon Crypto City "to utilise it in ways where they can advance themselves and not allow government to do thos...
The bull market is in the 'bottom of the ninth inning,' says a strategist who called the rally

The bull market is in the 'bottom of the ninth inning,' says a strategist who called the rally

Finance
A Wall Street portfolio strategist who urged investors to believe the rally is now predicting the bull market's eventual demise — and it has nothing to do with Washington politics.Joe Zidle, of Richard Bernstein Advisors, is arguing that the bull market has entered the bottom of the ninth inning."This is a late-cycle environment," Zidle said on CNBC's "Futures Now" recently."In innings terms, they're not time dependent. An inning could be shorter or they could be longer. It just really depends," the strategist said. However, that doesn't necessarily mean investors should consider taking cover quite yet."Being in the ninth inning doesn't mean that we're in immediate risk of seeing this bull market rollover or end. We think it could go on still for quite some time just based on the fundament
Mark Cuban, who just called bitcoin a bubble, says he plans to invest in another digital coin

Mark Cuban, who just called bitcoin a bubble, says he plans to invest in another digital coin

Finance
Bitcoin skeptic Mark Cuban is looking to take part in one of the hottest trends in the digital currency world right now: the initial coin offering. One of the companies Cuban is invested in, Unikrn, is planning its own offering, and digital currency news site CoinDesk said Thursday that the billionaire entrepreneur intends to participate.Cuban confirmed the report in an email to CNBC. "I want to learn more about them," he said.I "haven't signed the paperwork yet. But it's likely it will happen," he added. An initial coin offering is a fundraising process for blockchain-based projects that allows investors to own part of a project through a digital network token. Start-ups in the blockchain world often find this method of fundraising more attractive than venture capital funding for the spee...