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: trade
Amazon Rainforest Plots Sold via Facebook Marketplace Ads
Parts of Brazil’s Amazon rainforest are being illegally sold on Facebook, the BBC is reporting. From the report: The protected areas include national forests and land reserved for indigenous peoples. Some of the plots listed via Facebook’s classified ads service are as large as 1,000 football pitches. Facebook said it was “ready to work with local authorities”, but indicated it would…
US Drops Digital Tax Demand, Opening Door To Global Deal
The U.S. has dropped a key demand in negotiations over digital taxation of technology companies such as Alphabet’s Google and Facebook, lifting a barrier that had raised transatlantic trade tensions and prevented an international deal. From a report: Treasury Secretary Janet Yellen told her counterparts at a virtual meeting of Group of 20 finance officials that the U.S. is no longer…
Motor industry lobbied for a loophole in UK fossil fuel car ban
The UK government plan announced in 2020 is to ban new petrol and diesel model cars by 2030, but some fossil-fuelled cars are to be exempt. Now it has emerged that the concession came after lobbying by the UK car-makers’ trade body Source: https://www.newscientist.com/article/2269011-motor-industry-lobbied-for-a-loophole-in-uk-fossil-fuel-car-ban/?utm_campaign=RSS%7CNSNS&utm_source=NSNS&utm_medium=RSS&utm_content=home…
Anthony Levandowski Closes His Church of AI
The first church of artificial intelligence has shut its conceptual doors. From a report: Anthony Levandowski, the former Google engineer who avoided an 18-month prison sentence after receiving a presidential pardon last month, has closed the church he created to understand and accept a godhead based on artificial intelligence. The Way of the Future church, which Levandowski formed in 2015, was…
Silicon Valley-backed Groups Sue Maryland To Kill Country’s First-Ever Online Advertising Tax
Top lobbying groups backed by Amazon, Facebook, Google and other technology giants sued Maryland on Thursday, seeking to scuttle a new state tax on their massive online-advertising revenue — and stop other local governments from following its lead. From a report: The legal challenge contends that Maryland’s first-in-the-nation tax is unfair, unconstitutional and incompatible with federal laws that prohibit state policymakers…
Following Facebook’s News Ban in Australia, Posts Disappear From Pages of Some Government Agencies, Also Some Restaurant and Humor Sites
Facebook has restricted access to news in Australia, and so far the tech giant seems to have taken a pretty broad definition of news. From a report: Some pages that don’t fit the traditional news genre have been stripped out as part of the stoush between Facebook and the federal government over whether the social media company should pay for Australian…
Losses To Romance Scams Reached a Record $304 Million in 2020
The current COVID-19 pandemic and the subsequent stay-at-home and social distancing directives might have played a major role in romance scams losses reaching record levels in 2020, the US Federal Trade Commission said in a report last week. From a report: Total losses were estimated at a record $304 million, up about 50% from 2019, with the average loss last year…
Canadian Regulator Clears Launch of World’s First Bitcoin ETF
Canada’s main securities regulator has cleared the launch of the world’s first bitcoin exchange traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading interest. Reuters reports: The Ontario Securities Commission has approved the launch of Purpose Bitcoin ETF, Toronto-based asset management company Purpose Investments Inc. said in a…
Intel Sues Oregon Engineer Who Left For Microsoft, Allegedly Taking Trade Secrets With Him
Intel sued a former Oregon employee last week, alleging he took trade secrets with him when he bolted for Microsoft and used the information to gain an advantage in subsequent business negotiations with Intel. From a report: The engineer, Varun Gupta, worked for Intel for a decade before leaving for Microsoft in January 2020, according to the suit. He allegedly loaded…