Currency

How Facebook Is Breaking Into Crypto

Facebook Inc. (NASDAQ: FB) shares made a handy gain on Friday after over a dozen companies said that they were ready to back its upcoming foray into cryptocurrency. While Facebook ...
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Beyond Bitcoin: The Utility Settlement Coin From Global Banks

The world has gone from being puzzled about cryptocurrency and blockchain to being obsessed with them, and then the excitement was crushed after seeing bitcoin and the other cryptocurrencies fall ...
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Facebook’s Cryptocoin: Where Do We Sign Up?

One thing to say for Facebook Inc. (NASDAQ: FB): the company thinks inside the box. It's own box. With a fine of up to $5 billion looming and regulators around ...
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JPMorgan Goes Crypto With New JPM Coin

Less than two years after CEO Jamie Dimon promised to fire for cause ("stupidity") any employee who traded bitcoin and called cryptocurrency "fraud," JPMorgan Chase & Co. (NYSE: JPM) is ...
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The Reserve Currency Lesson of Gold Versus Bitcoin, and a Blockchain Surprise

It is far from a secret that bitcoin and other cryptocurrencies have been devastated in 2018 and into 2019. The media might say that they have been decimated, but if ...
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2 Executives Nailed in Crypto-Fraud Case

The U.S. Securities and Exchange Commission (SEC) settled charges with two former executives involved in an allegedly fraudulent initial coin offering (ICO) earlier this year. These executives have been ordered ...
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6 Most Important Things in Business Today

The chief financial officer of Huawei Technologies will be in a Canadian court today. According to Reuters: A top executive of China’s Huawei Technologies Co Ltd who is under arrest ...
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4 Most Important Things in Business Today

AT&T Inc. (NYSE: T) will launch a three-tiered streaming service via its Time Warner division. According to The Wall Street Journal: AT&T Inc., trying to reassure investors it can capitalize ...
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6 Most Important Things in Business Today

Another of the car companies that auto legend Carlos Ghosn chairs has kicked him out. According to Reuters: Mitsubishi Motors Corp said on Monday its board removed Carlos Ghosn from ...
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6 Most Important Things in Business Today

China has responded to American trade demands. According to Reuters: China has delivered a written response to U.S. demands for wide-ranging trade reforms, three U.S. government sources said on Wednesday, ...
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6 Most Important Things in Business Today

Volkswagen's profits fell. According to Reuters: Volkswagen reported an 18.6 percent drop in third-quarter adjusted operating profit, weighed down by weaker vehicle sales and headwinds tied to the introduction of ...
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6 Most Important Things in Business Today

Farmers claim money from the federal government will not offset losses of income due to the trade war. According to The Wall Street Journal: The Trump administration has started compensating ...
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SEC Orders Temporary Halt to Bitcoin ETN Trading

The U.S. Securities and Exchange Commission (SEC) on Sunday ordered trading in two cryptocurrency securities suspended due to "confusion amongst market participants regarding these instruments." The order became effective at ...
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6 Most Important Things in Business Today, CBS Chief Leaves

The head of CBS Corp. (NYSE: CBS) left as allegations of inappropriate behavior increased. According to Reuters: Leslie Moonves, the top executive at CBS Corp since 2006 and a major ...
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6 Most Important Things in Business Today

The trade war between the United States and China may be getting worse. According to Reuters: With U.S. President Donald Trump gearing up to impose tariffs on $200 billion in ...
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