Latest news from crypto currencies
Remember December? Markets could face another ‘bearish black hole’
New York (CNN Business)Warnings are sounding in global financial markets, punctuated by a cascade of selling in everything from stocks and crude oil to metals like iron ore. Recession jitters drove the S&P... READ MORE
BlockFi, which lends money to cryptocurrency holders, just raised $18.3 million led by Valar Ventures
Last year, we told you about a New York-based startup that had begun lending cold, hard, cash to cryptocurrency holders who don’t want to offload their holdings but also don’t necessarily want so... READ MORE
AI is shaping new products–but is it limiting our shopping choices?
A manual process simply could not analyze the ridiculous amounts of data necessary, and provide product-specific actionable insights, explains Yuval Yifrach. Yifrach is the CEO at Market Beyond, a Tel Aviv-based AI company... READ MORE
North Korean cryptocurrency heists net estimated $2 billion: UN report
(CNN)North Korea earned as much as $2 billion dollars through large-scale cyber attacks to help fund its weapons programs, a United Nations panel alleges in a new report. The allegations were published in... READ MORE
UK privacy chief joins warning over Facebook’s Libra
Libra, and its digital wallet Calibra, were announced in June by a group of companies backing it, led by Facebook. US treasury head warning over Facebook Libra Carney gives Facebook currency cautious welcome... READ MORE
How the West Got China’s Social Credit System Wrong
In October 2018, Vice President Mike Pence paid a visit to the Hudson Institute—a conservative Washington, DC, think tank—to give a wide-ranging speech about the United States’ relationship with China. Standing stiffly in... READ MORE
Gadgets, drug mules and a French accent: my life as a private investigator
Emmanuelle Welch was a journalist before becoming a PI. Now she tracks down embezzlers and the occasional lost teddy bear Im often asked how I chose the life of a private investigator. In... READ MORE
IRS warns crypto holders: dodge tax and we’ll hand out stiff punishments
Service sending out warning letters to more than 10,000 people holding digital currency and says taxpayers should take these very seriously Watch out, crypto-heads the taxman cometh. The Internal Revenue Service has begun... READ MORE
‘Breathtaking arrogance’: senators grill Facebook in combative hearing over Libra currency
Banking committee questions Facebook on its Libra project, while the House will later take aim at Google, Apple and Amazon Facebook was greeted with hostility in the US Congress as the tech giant sought to defend its proposed digital currency … Continued
At Amazon, we are proud of the benefits and opportunities we give workers
(CNN)At Amazon’s fulfillment centers across the globe, we are proud of the safe work environment associates pick, pack and ship customer orders in every day. And, most importantly, we are proud of the relationship we have with our hourly workforce. … Continued
Libra cryptocurrency is a tool for financial empowerment. Not a threat
US lawmakers are holding a hearing today to learn more about Libra, a new cryptocurrency incubated at Facebook. Many are concerned as to whether the digital currency threatens the stability of the US dollar and other government-backed currencies or could … Continued
US lawmakers grill Facebook executive in charge of Libra
New York (CNN Business)The first of two Congressional hearings this week on Facebook’s Libra cryptocurrency kicked off with a tense exchange between Senator Sherrod Brown and Facebook executive David Marcus. Brown seemed unconvinced: “I think that’s delusional.” It’s an example … Continued
Big tech behemoths face grilling from US lawmakers as hearings kick off
A Senate banking committee will question Facebook on its Libra project, while the House takes aim at Google, Apple and Amazon Big tech will be in the hot seat this week as US lawmakers turn their attention to the growing … Continued
Dont blame flawed Silicon Valley for the rot of Wall Street and Washington
The techlash is well underway. Blame Facebook! Blame Google! Blame Amazon! (Apple and Microsoft still seem relatively immune, for now.) And, I mean, there’s a lot of objectively blameworthy behavior there, especially in that first case. But I find myself … Continued
Antitrust scrutiny isn’t stopping Big Tech from trying to get even bigger
New York (CNN Business)On Tuesday, representatives from Facebook (FB), Amazon (AMZN), Apple (AAPL) and Google (GOOG) are set to testify at a House hearing on “online platforms and market power,” in what could be the industry’s most high-profile grilling session … Continued
Forget earnings. The smart money is looking to the future
London (CNN Business)1. Earnings angst: Don’t expect the second quarter earnings season to be much of a party. “The way the earnings game is played, the companies guide the analysts low,” said Nick Raich, CEO of The Earnings Scout, a … Continued
President Trump Is the Latest Critic of Facebook’s Libra
Over the past two days, Federal Reserve chair Jerome Powell has told members of both chambers of Congress that he has “many serious concerns” about Facebook’s Libra cryptocurrency. Those include issues related to privacy and money laundering, as well as … Continued
SEC approves 1st consumer RegA+ token Props for cross-app rewards
After cracking down on ICOs, the SEC just okayed the first two RegA+ tokens that offer an alternative way for anyone to gain a financial stake in a company, even unaccredited investors. Blockstack got approved for a $28 million digital … Continued