currency
Cryptocurrency
A federal class action claims that Ifinex, Tether Holdings, et al. pushed a fraudulent cryptocurrency scheme that was “part fraud, part pump-and-dump, and part money laundering.”
Read moreRussian Man Sues Apple for ‘Turning Him Gay’
A Russian man has filed a lawsuit against Apple for moral harm claiming that an iPhone app had turned him gay, according to a copy of the complaint seen by AFP.
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NY Stock Exchange Parent Company Introduces Bitcoin
The parent company of the New York Stock Exchange on Sunday began offering investors the option to trade Bitcoin, giving the pioneer cryptocurrency mainstream recognition.
Read moreFrance Will Block Development of Facebook Libra Cryptocurrency
France warned Thursday it will block development of Facebook’s planned Libra cryptocurrency in Europe because it threatens the “monetary sovereignty” of governments.
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Pound Slides on Brexit, to Lowest Close Since 1985
The pound dropped Tuesday to its lowest level against the dollar since 1985, excluding a brief “flash crash” in 2016 that may have been caused by technical glitches, as international investors fret over a political showdown over Brexit this week.
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China’s Yuan Weakens but Signs of Stability Calm Markets
China’s currency weakened again Wednesday after hopes among financial traders that its decline was stabilizing helped to calm jittery global markets.
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World Stocks Sink as Trade War Worsens
Asian stocks followed Wall Street lower on Tuesday after China let its currency sink and halted purchases of U.S. farm goods, fueling fears Beijing’s trade war with President Donald Trump will harm the global economy.
Read moreChase Bank
A federal judge refused to dismiss class claims that Chase Bank improperly classified the acquisition of cryptocurrency as “cash advances” to charge higher fees.
Read moreCryptocurrency Investor Gets Second Chance to Show AT&T Liability in $24M Hack
A federal judge in California has given a cryptocurrency entrepreneur another shot to make his case that AT&T’s negligence allowed hackers to steal $24 million in digital currency.
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US Objects to French Tax on Tech Firms at G-7 Meeting
The Trump administration is objecting to France’s plan to tax Facebook, Google and other U.S. tech giants, a rift that’s overshadowing talks between seven longtime allies near Paris this week on issues ranging from digital currencies to trade.
Read moreFacebook’s Cryptocurrency Faces Resistance in Congress
Facebook’s plan to create a financial system based on a digital currency faces questions from lawmakers, as it’s shadowed by negative comments from President Trump, his treasury secretary and the head of the Federal Reserve.
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Codebreaker Alan Turing to Be Face of New British Banknote
Codebreaker and computing pioneer Alan Turing has been chosen as the face of Britain’s new 50 pound note, the Bank of England announced Monday.
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Japan Crypto Exchange Loses $32 Million of Virtual Money
A Japanese cryptocurrency exchange has reported a hack causing the loss of $32 million worth of virtual money.
Read moreBank of England Backs Facebook’s Cryptocurrency, the Libra
The governor of the Bank of England is backing Facebook’s new cryptocurrency, the Libra, saying it could unlock billions of dollars in new financing and spur development in Great Britain and beyond.
Read moreFacebook Says It Will Issue Its Own Currency
Facebook already rules daily communication for more than 2 billion people around the world. Now it wants its own currency, too.
Read moreResearchers: Bitcoin’s Carbon Footprint Equal to Las Vegas
Researchers calculate that the electricity required for the virtual currency bitcoin generates as much carbon dioxide as a city like Las Vegas.
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SEC Claims Canadian App Maker Kik Sold $100 Million in Unregistered ‘Tokens’
The Securities and Exchange Commission is suing Canadian mobile app developer Kik Interactive Inc. after the company sold 1 trillion digital tokens that the SEC claims were not registered under securities laws.
Read moreChina Ducks Currency-Manipulator Brand in Report to Congress
Missing their fifth opportunity to make good on one of President Donald Trump’s campaign promises, administration officials told Congress on Tuesday that they would not to designate China as a currency manipulator.
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