Former Insys exec John Kapoor gets 5 1/2 years for opioid scheme

CNBC

John Kapoor, 76, the former chairman of Insys Therapeutics, was sentenced to five and a half years in prison in Boston’s federal court.

A jury found him guilty of racketeering conspiracy last May and prosecutors said his actions helped fuel the opioid crisis.

Kapoor and others were accused of paying millions of dollars in bribes to doctors to prescribe the company’s highly addictive oral fentanyl spray, known as Subsys. read more »

Why are markets going crazy? Smartphones, one study suggests

MARKETWATCH

Low interest rates? Bored traders stuck at home? A new study has come up with an alternative explanation for the surge in speculative activity.

Smartphones.

A study circulated by the National Bureau of Economic Research found the use of smartphones increases the purchase of riskier and lottery-type assets, and chasing past returns. read more »

Goldman Sachs Snr Chairman: Bitcoin poses threat to regulators

COIN INSIDER

Goldman Sachs senior chairman Lloyd Blankfein believes that Bitcoin’s meteoric rise of adoption poses a monumental threat to regulation.

Lloyd Blankfein, the senior chairman of Goldman Sachs, believes that national regulators should be nervous of Bitcoin’s recent success and massive rally, suggesting that the cryptocurrency might undermine the possibility of controlling the financial systems in place.

He suggested that the regulators would have a hard time “following the money” with Bitcoin‘s pseudonymous features. This could be a problem when tracking money could avoid negative scenarios, such as terrorist attacks and money laundering. If having regulators can follow where the money is going and put a stop to dangerous and illicit activity before it comes to a problem, then Bitcoin untraceable nature might be problematic in this regard: read more »