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currency

Economy Financial Securities Technology 

Coinbase Brings Cryptocurrencies to Wall Street

April 13, 2021April 14, 2021 AGENCE FRANCE-PRESSE
currency, Stocks, U.S. Economy

The arrival Wednesday of cryptocurrency exchange Coinbase on Nasdaq is one of the most anticipated events of the year on Wall Street, where enthusiasm for record-breaking bitcoin is in full swing, despite questions about the sustainability of the market.

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Appeals Consumers Financial Securities 

Investors in Cryptocurrency Scam Ask 11th Circuit to Revive Class Action

March 25, 2021March 26, 2021 KAYLA GOGGIN
11th circuit, Class Action, currency

The future of a class action lawsuit brought by online investors who say they were scammed by a Miami Beach-based cryptocurrency startup out of over $32 million hinges on a federal appeals court’s decision on the timeliness of a court filing.

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Civil Rights Financial International Science Technology 

WWII Codebreaker Turing Honored on UK’s New 50-Pound Note

March 25, 2021March 25, 2021 ASSOCIATED PRESS
currency, history, LGBT, United Kingdom, World War II

The rainbow flag flew proudly Thursday above the Bank of England in the heart of London’s financial district to commemorate World War II codebreaker Alan Turing, the new face of Britain’s 50-pound note.

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Civil Rights Financial Government 

Digital Currency

March 23, 2021March 24, 2021 BRIEF
currency, IRS, records

A federal court in New Hampshire dismissed a man’s civil rights suit against the IRS, in which he alleges the government violated his rights by obtaining records of his financial transactions from third parties. The case stems from the agency’s summons of financial records from certain digital currency exchanges.

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Consumers Criminal Financial International Technology 

Bitcoins Under the Hammer in France

March 17, 2021March 17, 2021 AGENCE FRANCE-PRESSE
auctions, currency, forfeiture, France

Governments might look askance at bitcoin but it doesn’t mean they don’t want to cash in its soaring value — France is auctioning off the cryptocurrency for the first time.

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Criminal Entertainment Media Technology 

Teen Twitter Hacker

March 17, 2021March 17, 2021 BRIEF
celebrity, currency, Florida, Fraud, sentencing, Twitter

Graham Ivan Clark, 18, was given a three-year sentence Tuesday after pleading guilty to last year’s hacking of prominent Twitter accounts belonging to politicians, celebrities and technology moguls.

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Criminal Financial 

McAfee Antivirus Software Founder Indicted in $13 Million Crypto Scheme

March 5, 2021March 8, 2021 JOSH RUSSELL
currency, Fraud, money laundering, New York, software

McAfee’s Twitter endorsements for cryptocurrency tokens, including DogeCoin and Verge, netted him more than $2 million in illicit profits from a “pump and dump” investment scheme, prosecutors allege.

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Business Financial Technology 

Cryptocurrency Deal

February 24, 2021February 24, 2021 BRIEF
currency, investors, New York, Settlement

Bitfinex and Tether, two cryptocurrency trading platforms accused of hiding some $850 million in losses, will pay New York $18.5 million as part of a Tuesday settlement that also forces them to cease letting New Yorkers use their so-called stablecoin platforms.

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Business Consumers Securities Technology 

Coinseed App

February 17, 2021February 17, 2021 BRIEF
apps, currency, investors, New York

New York state brought a lawsuit Wednesday to shut down Coinseed, a mobile app that allows users to invest the change from everyday purchases into virtual currency.

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Financial Technology 

Cost of a Single Bitcoin Exceeds $50,000 for First Time

February 16, 2021February 16, 2021 ASSOCIATED PRESS
currency, internet

The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time.

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Appeals Financial Government International 

Top EU Court Offers Reminder That Cash Is King

January 26, 2021January 26, 2021 MOLLY QUELL
currency, EU, European Court of Justice, fines, Germany

Two German men were fined for late payment of their public broadcaster fee after being told they could not pay in cash.

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Criminal Financial International Technology 

Proportion of Fake Euro Notes Seized at Record Low

January 22, 2021January 22, 2021 AGENCE FRANCE-PRESSE
counterfeit, currency, European Central Bank

A record low proportion of fake euro banknotes were seized in 2020, according to European Central Bank data, with 20- and 50-euro notes most popular among counterfeiters.

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Science 

Ancient Copper Findings Shed Light on Origins of Money

January 20, 2021January 20, 2021 NINA PULLANO
artifacts, currency, history, Research

Copper objects discovered in Central Europe present the earliest known standardized currency, hinting at money’s earliest origins.

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Business Environment Financial 

Bitcoin Suit

December 17, 2020December 18, 2020 BRIEF
conservationists, currency, New York

Sierra Club and other environmental advocates sued the town of Torrey, New York Thursday, claiming a recently approved 24/7 bitcoin data mining operation whose increase in power usage from a nearby generating station would harm fish populations, increase algae blooms and interfere with boating and swimming in Seneca Lake.

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Criminal International 

Possible Break in Theft of Canadian Gold Coin in Germany

December 16, 2020December 16, 2020 ASSOCIATED PRESS
Canada, currency, Germany, Gold, jewelry, museums, theft

Berlin police raided homes and jewelry shops Wednesday on suspicion they could be connected to efforts to fence a massive 220-pound Canadian gold coin — piece by piece — that was stolen from a museum in the German capital.

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Financial International 

US Brands Vietnam, Switzerland as Currency Manipulators

December 16, 2020December 16, 2020 ASSOCIATED PRESS
currency, Trade, U.S. Treasury Department

The U.S. Treasury Department has branded Vietnam and Switzerland as currency manipulators while putting China and nine other countries on a watch list in an annual report designed to halt countries from manipulating their currencies to gain unfair trade advantages.

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Criminal International Technology Trials 

Russian Sentenced to French Prison for Bitcoin Laundering

December 7, 2020December 7, 2020 ASSOCIATED PRESS
currency, France, Fraud, money laundering

A Russian bitcoin expert at the center of a multicountry legal tussle was sentenced in Paris on Monday to five years in prison for money laundering and ordered to pay $121,000 in fines in a case of suspected cryptocurrency fraud.

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Economy Financial Government International 

Turkey’s Battered Currency Rises After Finance Chief Resigns

November 9, 2020November 9, 2020 ASSOCIATED PRESS
banking, currency, resignation, Turkey

The Turkish lira firmed against the dollar on Monday a day after the finance minister, who is also the son-in-law to President Recep Tayyip Erdogan, announced his resignation on social media.

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Business Financial Government International 

EU Magistrate Pushes Back on Cashless Payment Rules

September 29, 2020September 29, 2020 MOLLY QUELL
currency, European Court of Justice, eurozone

Businesses in the European Union should accept cash, but countries are allowed to place their own restrictions on currency usage, an adviser to the EU’s high court said Tuesday.

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International Law 

Flight Compensation

September 3, 2020September 3, 2020 BRIEF
airlines, currency, European Court of Justice, European Union

Air passengers whose flights have been cancelled or severely delayed are permitted to demand compensation, as outlined in the European Union’s air passenger rights regulation, “in the national currency of their place of residence,” the European Court of Justice ruled.

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