Crypto Investing, MTN rebounds, Apple court case

[Click here for the web version of this email]( [FIRST THING With John Stupart]( Wednesday, 27 March 2019 "A statesman is a politican who places himself at the service of the nation. A politician is a statesman who places the nation at his service." President Georges Pompidou Story of the Day [Up. Down. Is there any remaining case for diversification into crypto assets? Surprisingly, there may be]( By Ruan Jooste As an investor, it doesn’t matter whether you think cryptocurrency is a bubble, a fad or just an illicit way of moving funds around behind authorities' backs. The fact remains that the potential crypto assets and the underlying technology which underpins digital currency – blockchain is not being underestimated by financiers, technologists and academics alike. They all believe that we are on the brink of a financial revolution that will change the movement of money and creation of wealth forever. [Advertisement] ON THE MONEY What Happened On The Markets Oil=$68.15 0.24%▲ Gold=$1317.47 0.17%▲ R/$=14.44 0.18%▲ R/€€=16.25 -0.28%▼ R/£=19.04 -0.03%▼ JSE All Share=55638 -0.08%▼ DJIA =25657.73 0.55%▲ BTC$=3975.18 1.03%▲ WHILE YOU WERE SLEEPING [MTN Pares Drop After Nigeria Urges Court to Keep Tax Penalty]( Shares of MTN Group Ltd. recovered from their biggest decline in more than five months to close little-changed in Johannesburg trading as Nigeria’s government urged a Lagos court not to block a $2-billion penalty it imposed on the mobile carrier for allegedly evading taxes. [Goldman Joins Chorus Downplaying Inverted Yield Curve Menace]( The inverted yield curve has got the world in a bit of a tizzy. Usually if three-year debt is more expensive than 10-year debt, then it signals a slowdown is on its way. But venerable bank Goldman Sachs has added its voice to those advising against panic over the inversion of the US yield curve, which has served as a recession warning in the past. [Five Things You Need to Know to Start Your Day]( Brexit’s path keeps getting muddier, Trump’s fiasco over North Korean sanctions, Apple loses patent ruling. Here are some of the things people in markets are talking about. [Advertisement] [Graph of the Day]( [Have Something To Say?]( We want to hear it. We're excited to announce that Comments are back! Logged in users can view comments and Maverick Insiders can post comments. As a member, you'll not only be able to enjoy this new online feature but you'll also receive ad-free browsing, discounted tickets to events, a member's only newsletter and partner benefits. Most importantly, you'll get that warm fuzzy feeling of knowing that your membership contribution is really making a difference to South Africa. [Sign up here]( and let the witty repartee begin. In Numbers 0 The new Apple credit card wil have no late fees, no annual fees, no international fees, and no over limit fees and no penalties for missing payments. Zero banking is on its way. Fact of the Day Isaac Newton might have invented calculus but he was a terrible investor. He lost £20,000 in the South Sea bubble, worth about $3-million in today's money. Featured Articles [Why do financial markets overreact to bad news?]( [Why do financial markets overreact to bad news?]( By Max Gebhardt [US Federal Reserve and a new normal for global monetary policy]( [US Federal Reserve and a new normal for global monetary policy]( By Sharon Wood [South Africa’s enterprise sector critically ill]( [South Africa’s enterprise sector critically ill]( By Johannes Wessels Opinionistas [Should I vote ANC?]( A column by Oscar Van Heerden [A user’s guide to combating disinformation — how to take on dark forces]( A column by William Bird Weather BFN: min: 13° max: 30°, cloudy CPT: min: 14° max: 22°, cloudy DBN: min: 19° max: 24°, cloudy EL: min: 17° max: 27°, cloudy JHB: min: 13° max: 21°, cloudy MHK: min: 17° max: 29°, cloudy NLP: min: 16° max: 26°, rainy PE: min: 18° max: 24°, cloudy PMB:min: 16° max: 26°, cloudy [Advertisement] [FORWARD THIS EMAIL TO A FRIEND]( [Fb] [Tweet] [Link] [Yt] Copyright © 2019 Daily Maverick, All rights reserved. You are receiving this mail because you are awesome and on the Daily Maverick First Thing subscriber list. Interested in advertising with us? [Click here to sign the pact.](mailto:advertising@dailymaverick.co.za?subject=Advertising%20query%3A%20First%20Thing%20Mailers) [Getting too many emails from us? Manage your preferences]( [Unsubscribe](