cryptocurrency
Cryptocurrencies Just Plummeted £9.8 Billion in Value Over the Course of a Few Hours

The cryptocurrency markets saw a significant crash on Wednesday (Eastern local time), with just short of £10 billion in value wiped out over the course of just three hours, CNBC reported. Read More >>

Tesla
Report: Saudi Arabia May Be Planning a Major Bid for Tesla’s Leveraged Buyout

The official sovereign wealth fund of the Saudi Arabian government may be considering a major investment in Elon Musk’s electric car giant Tesla, and sources say it is “in talks” to do so after Musk let slip via Twitter that he is considering taking the company private in a $60-billion-plus (£47-billion-plus) deal at $420 (£330) a share, Bloomberg reported on Sunday. Read More >>

facebook
Facebook: Hey Can We Pretty Please Maybe Have Lots of Your Banking Information Too?

Facebook is looking to gobble up users’ financial information, including such tidbits as “card transactions and checking-account balances,” as part of its relentless effort to swallow up yet more of the web, the Wall Street Journal reported on Monday. Read More >>

paypal
Paypal: Dying While Owing Us Money is Unacceptable to Us

E-payments company Paypal sent a deceased customer an email more or less stating that the cessation of life functions – and thus an inability for the customer in question to clear their remaining account balance – was a violation of site policy. Read More >>

facebook
Facebook Stock Hits All-Time Record High Despite Ongoing Screw-Ups

Facebook’s Cambridge Analytica scandal, in which the social media giant gave access to the data of up to 87 million users to an app partnered with an ultra-sketchy election data firm, still isn’t totally resolved, with news breaking this week investigators from four agencies are looking into Facebook’s conduct. But all the negative attention the site has received this year has apparently failed to blunt its momentum. Read More >>

snapchat
Snapchat is Still a Mess

Earlier this year, Snapchat owner Snap Inc. saw its stock plummet after a brutal first-quarter report that saw it come in over $13 million short of $244 million earnings expectations. Spoiler alert: The pain is not stopping. Read More >>

twitter
Twitter May Soon Be the Latest Tech Giant to Ban Many Cryptocurrency Ads

Those looking to run advertisements for cryptocurrencies and related products may soon have to steer clear of Twitter, which Sky News reported on Sunday is “preparing to prohibit a range of cryptocurrency advertisements amid looming regulatory intervention in the sector.” Read More >>

cryptocurrency
Wow, Who Could Have Predicted 59 Per Cent of 2017’s ICOs Are Already Dead or Doomed

Hey, remember initial coin offerings, the almost totally unregulated form of investment vehicle in which investors trade real cash or assets in exchange for virtual “tokens” in cryptocurrency-backed startups? You know, that hot new crypto market that the Wolf of Wall Street, Jordan Belfort, warned everyone was rife with scams? Those very ICOs that the Securities and Exchange Commission told everyone to be very careful about because of the “greater opportunities for fraud and manipulation”? Read More >>

cryptocurrency
Chase, Bank of America, and Citigroup All Ban Cryptocurrency Purchases on Credit Cards

Per CNBC, J.P. Morgan Chase, Bank of America, and Citigroup all announced the new restrictions as the price of Bitcoin plummeted to below $8,000 (£5,670) on Friday, less than half of the high of over $19,000 (£13,460) it hit in mid-December. Read More >>

cryptocurrency
Bitcoin Fell Off a Cliff and No One Knows How Far It Is to the Bottom 

All good things must come to an end—and bad things, too. Bitcoin has had a hell of a ride over the last year, but that all seems to be over as almost 60 per cent of its value has vanished in the last month. Enthusiasm in the cryptocurrency market is low as Bitcoin dropped below $8,000 (£5,664) for the first time since November. Read More >>

bitcoin
The US SEC Wants Answers Before It Approves Bitcoin-Based Futures

Joint statements from both the US Securities Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) have effectively put a freeze on cryptocurrency futures trading. The statements come after several crypto-based exchange-traded futures (ETFs) proposals were withdrawn last week, at the encouragement of the SEC. Read More >>

cryptocurrency
Iced Tea Maker’s Stock Price Triples After Adding ‘Blockchain’ to Name

You see that chart below? That’s the stock price for Long Island Iced Tea Corp. Sure, studies show that times of economic hardship and political turmoil track with an increased desire to get sloshed, but the drinks this company makes are non-alcoholic. LTEA shot up over 200 per cent today because it changed its name—to Long Blockchain. Read More >>

cryptocurrency
Coinbase Freezes Bitcoin Cash Trades, Launches Insider Trading Probe

Coinbase, one of the world’s most popular cryptocurrency apps, surprised its users by adding Bitcoin Cash to its offerings on Tuesday. But it appears that not everyone trading in the altcoin was blindsided by the move. Before the announcement, prices for Bitcoin Cash began climbing in other markets, and now a self-investigation of possible insider trading has been initiated. Read More >>

technology
CEO of Nordic Region’s Biggest Bank: Robots Will Replace Many of My Employees

If you’re like most people, you do not like the financial industry, perhaps because they crashed the national economy nearly a decade ago and the vast majority of the recovery went to the already rich. Well, some news from the Nordic region: Our new robot overlords might wipe the billion-pound grin off the industry’s face in the coming years. Read More >>

crime
Martin Shkreli May Have His Wu-Tang Album Taken by the US Department of Justice

Martin Shkreli, the convicted securities fraudster, insufferable troll, and so-called “Pharma Bro” widely loathed for jacking up the price of anti-parasitic drug Daraprim, bought the Wu-Tang clan’s single-copy album Once Upon a Time in Shaolin in 2015, impressively making himself even more widely loathed. It’s possible yet the public will get to hear that album, as the US Department of Justice is demanding Shkreli fork it over as part of a $7.4 million (around £5.4 million) forfeiture, CNBC reported on Friday. Read More >>