Tag: Financial technology
EXPLAINER: Why has the price of Bitcoin been falling?
NEW YORK — The price of Bitcoin fell as much as 29% Wednesday after the China Banking Association warned member banks of risks associated...
Report: Colonial confirms it paid $4.4M to pipeline hackers
The operator of the nation's largest fuel pipeline confirmed it paid $4.4 million to a gang of hackers who broke into its computer systems,...
Pipeline operator says “normal operations” have resumed
ATLANTA — The operator of the nation's largest gasoline pipeline — hit earlier this week by a ransomware attack — announced Saturday it has...
Tesla to stop accepting Bitcoin for car payments
Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns.
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Facebook-backed digital currency project Diem shifts to US
A once-ambitious Facebook-backed digital currency project — formerly known as Libra, now called Diem — is shifting operations from Switzerland to the U.S. and...
NOT REAL NEWS: A look at what didn’t happen this week
A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though...
Misconduct allegations shadow smart city proposal in Nevada
RENO, Nev. — A former school teacher has sued the CEO of a major cryptocurrency company that wants to build a smart city in...
Turkey adds cryptocurrency exchanges to terror funding rules
ISTANBUL — A presidential decree published Saturday added cryptocurrency exchanges to a list of firms covered by Turkey’s terror financing and money laundering.
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Beijing warns fintech firms against anti-monopoly behavior
HONG KONG — Chinese financial regulators have summoned 13 companies engaged in online finance services, including Tencent and Bytedance, and told them to strengthen...
Turkey arrests 4 in new digital currency platform probe
ISTANBUL — Turkish authorities arrested four people Monday on fraud charges in connection with an investigation into a local cryptocurrency trading platform — the...