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…
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Facebook Blocks All News In and From Australia
Facebook said Wednesday that it would no longer allow Australian publishers to share news on Facebook or allow Australian people to view or share international news sources. From a report: The change comes as Australia prepares to pass a law that would require companies like Facebook and Google to pay news publishers to carry their stories. “The proposed law fundamentally misunderstands…
Climate Activist Jailed in India as Government Clamps Down on Dissent
Before anyone outside her hometown knew her name, Disha Ravi spent four years raising awareness among young people in Bangalore about the effects of climate change. Now the 21-year-old activist is jailed in New Delhi. The allegation: She distributed a “tool kit” in the form of a Google Doc containing talking points and contact information for influential groups to drum up…
Best Story Wins
Morgan Housel, on the art and power of storytelling: C. R. Hallpike is a respected anthropologist who once wrote a review of a young author’s recent book on the history of humans. It states: “It would be fair to say that whenever his facts are broadly correct they are not new, and whenever he tries to strike out on his own…
WHO Team Member to New York Times: What We Learned in China
Peter Daszak is part of the World Health Organization’s 14-member team investigating the origins of the coronavirus. This weekend on Twitter he described “explaining key findings of our exhausting month-long work in China” to journalists — only to see team members “selectively misquoted to fit a narrative that was prescribed before the work began.” Daszak was responding to a New York…
Two WHO Team Members Dispute Report China Wasn’t Cooperative for Covid-19 Investigation
Friday the New York Times (following up on reports from the Wall Street Journal) wrote that China had “refused to hand over” important raw data to a 14-member World Health Organization team investigating the origins of the coronavirus, reporting that “their Chinese counterparts were frustrated by the team’s persistent questioning and demands for data.” But Saturday two of those 14 team…
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….
Miami City Council Agrees to At Least Study Mayor’s Bitcoin Proposal
Miami’s mayor Francis Suarez is trying to attract tech talent to his city. (The New York Times recently noted he’s joined by “a few venture capital influencers trying to tweet the city’s startup world into existence.”) So he’s still pushing a proposal to use bitcoin in a few city operations as “part of a larger play if you will to position…
To Block Covid-19 Charges, Amazon Sues New York’s Attorney General
The Associated Press reports:
Amazon is suing the attorney general of New York in a bid to stop her from suing the company over its coronavirus safety protocols and the firing of one of its outspoken workers. In the lawsuit filed Friday in Brooklyn federal court, Amazon said Attorney General Letitia James overstepped her authority by trying to regulate coronavirus safety protocols…
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…