China busts World Cup gambling ring pulling $1.5 billion in crypto bets

Officials in China have busted a World Cup gambling ring that took in over 10 billion yuan (nearly $ 1.5 billion) in cryptocurrency bets, reports the South China Morning Post. Six individuals allegedly connected to a dark web-based crime syndicate have been arrested and authorities have seized cryptocurrencies found in their possession worth over 10 […]

Raceday focus: Best bets at Gosford

TRAINER Jeremy Gask is hoping to deliver owner Michael Abdallah a winning double at Gosford on Thursday with Spirit Of Elijah and Tim’s Principal. The Scone trainer admitted however that he’s still working out his two new stable editions and he sends Spirit Of Elijah to the races without an official barrier trial. It’s his […]

The 50 cent options trader who bets on market volatility says a financial ‘earthquake’ is coming

REUTERS / Mike Hutchings Asset manager Ruffer LLP uses 50 cent options contracts to bet on rising market volatility as a hedging instrument. The fund says February’s stock selloff is likely to be a tremor and a bigger financial “earthquake” is only months away. Ruffer remains positioned to profit from an increase in volatility. The […]

Raceday focus: Best bets at Gosford

TRAINER Gabrielle Englebrecht says her two fillies racing at Gosford on Thursday will give a good account of themselves as they attempt to turn themselves into city-class runners. Mileage is almost there while Iva Lilo is on debut in the opening event for three-year-olds. She only has to beat home four rivals and the Tickets […]

Raceday focus: Best bets at Hawkesbury

TRAINER David Pfieffer is hoping stable star I Am Excited’s winning habit rubs off on the well-bred Xaarfoxylady at Hawkesbury on Tuesday. I Am Excited scored her third win from as many starts this autumn when she took out the Listed Darby Munro Stakes at last Saturday’s Golden Slipper meeting at Rosehill Gardens. This feature […]

Volkswagen bets big on electric with $25 billion battery bonanza

Come with us and explore the I.D. Buzz concept. Video shot and edited by Jennifer Hahn. (video link) After seriously tarnishing its reputation with the diesel scandal, Volkswagen Group has changed strategy. As we reported last September, the company is now heavily committed to electrifying all of its brands by 2030, with 30 new plug-in […]

Weekend Best Bets

OUR experts give you an early shot at finding a winner as they look at the major races around the nation this weekend. Last week … Eight winners. Matt Jones, Chris Vernuccio and Nick Quinn were all over boom colt Kementari ($ 3.20), while Ray Thomas got the day off to a flyer with Try […]

A math formula from the 1990s can help investors make smart bets on the exploding ICO market

ANTHONY WALLACE/AFP/Getty Images) The initial coin offering market is off to a red-hot start in 2018, according to new data from Autonomous NEXT. RBC analyst Mitch Steves outlines a way to value the network of ICOs in a note to clients.    Bitcoin may be down nearly 50% from its all-time high set in December, […]