An anonymous reader quotes a report from Reuters: Bitcoin rose nearly 7% on Monday as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade. With the recent embrace of the likes of Tesla and Mastercard, bitcoin could be at the…
Tag: regulators
Pfizer-BioNTech’s COVID-19 Vaccine Just Got a Lot Easier to Distribute
Pfizer and BioNTech “have asked the U.S. health regulator to relax requirements for their COVID-19 vaccine to be stored at ultra-low temperatures, potentially allowing it to be kept in pharmacy freezers,” reports Reuters, which adds that approval “could send a strong signal to other regulators around the world that may ease distribution of the shot in lower-income countries.” Slashdot reader FrankOVD…
FAA Tracking All Boeing 737 Max Flights Around World With Satellites
All Boeing 737 Max flights around the world are being tracked by U.S. regulators who are keeping watch on the plane after its 20-month grounding. From a report: The Federal Aviation Administration is using a network of satellites capable of tracking planes in even the most remote regions as if they were under surveillance by local radars, according to the agency….
New York Sues To Shut Down ‘Fraudulent’ Coinseed Crypto Platform
New York’s attorney general filed a lawsuit on Wednesday to shut down the cryptocurrency platform Coinseed for allegedly defrauding thousands of investors, including by charging hidden trading fees and selling “worthless” digital tokens. From a report: Attorney General Letitia James said Coinseed traded cryptocurrencies such as bitcoin without registering as a broker-dealer, and sold “CSD” tokens without authorization to raise money…
‘We Need to Inflict Pain’: Mark Zuckerberg’s War on Apple
When Tim Cook told an interviewer that Apple wouldn’t get in a Facebook-style data-collection controversy, “Mr. Zuckerberg shot back that Mr. Cook’s comments were ‘extremely glib’ and ‘not at all aligned with the truth,'” reports the Wall Street Journal. But “In private, Mr. Zuckerberg was even harsher. ‘We need to inflict pain,’ he told his team, for treating the company so…
The Rich Got Richer: GameStop’s Trading Frenzy Benefited Wall Street’s Elite
While GameStop’s surge has been heralded as a victory for underdogs, “Growing evidence casts doubt on the idea that the episode mostly benefited small-time investors…” reports the Washington Post. (Alternate URLs here and here “And, in at least some cases, novice investors lost their shirts.” Giant mutual funds that own the largest stakes in GameStop saw the biggest gains in value….
Darknet Crypto Kingpin JokerStash Retires After Illicit $1 Billion Run
The kingpin or kingpins of the world’s biggest illicit credit card marketplace have retired after making an estimated fortune of over $1 billion in cryptocurrency, according to research by blockchain analysis firm Elliptic shared with Reuters. From the report: The “Joker’s Stash” marketplace, where stolen credit cards and identity data traded hands for bitcoin and other digital coins, ceased operations this…
Elon Musk Grills Robinhood CEO Over GameStop Trading Freeze: ‘The People Demand Answers’
Elon Musk had just wrapped up a wide-ranging 90-minute interview on the audio chat app Clubhouse early on Monday, when he threw the hosts a curveball. “Do you want to hear the real story from Vlad [from] Robinhood about what happened on the Street with GameStop?” Musk asked. He advised the moderators to click on Robinhood CEO Vladimir Tenev so he…
How Reddit’s Co-Founder, Jim Cramer, and Wall Street Reacted to GameStop’s Surge
Friday afternoon CNBC reported that “heightened speculative trading by retail investors” (later referred to as “GameStop mania”) had “continued to unnerve the market.”
The Dow Jones Industrial average lost 620.74 points, or 2%, to 29,982.62, the first time the 30-stock gauge has closed below the 30,000 mark since Dec. 14…. The market also experienced the highest trading volume in years as the…
SEC To Review Brokers’ Restrictions on GameStop, AMC Trading
Securities regulators said Friday they plan to closely review the actions of some brokerage firms [Editor’s note: the link may be paywalled; alternative source] that restricted investors’ ability to trade volatile stocks such as GameStop this week. From a report: The Securities and Exchange Commission’s statement on Friday is the clearest indication yet that regulators are examining potential misconduct around the…