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Goldman Sachs States That There is More Pain in Store for Indian Economy
29.8.2019
The global economy is currently in the middle of turmoil due to a wide range of factors. Two of the world’s biggest economies, the United States and China, are locked in a bruising trade war, while Europe’s biggest economy, Germany has experienced a downturn. However, among all that it is perhaps...
Altria and Philip Morris Locked in Talks to Create Mega $200 Billion Tobacco Company
28.8.2019
The tobacco industry is replete with instances of large companies merging to form larger corporations, but there are very few instances in which companies that had been formed after a split come together again. 11 years ago, Philip Morris International had split from Altria due to the slowdown...
Cryptocurrency News from the US: CryptoNewsZ’s Weekly Update
28.8.2019
Crypto industry buzzes with new trends, innovations, the launch of exciting projects, challenges to the traditional financial systems and so much more, on almost every day basis. When so much goes on, it is always good to sit back have an all-round view of the crypto-sphere. To give that all-round...
United States SEC Chief: No Securities Law Changes for Crypto
28.8.2019
The chairman of American financial regulatory body the Securities and Exchange Commission (SEC) says he is “not looking to expand securities laws” dating back some 85 years to make provisions for cryptocurrencies and initial coin offerings (ICOs).
Speaking to Bloomberg, SEC chief Jay Clayton...
Central Bank Asks Norway’s Sovereign Wealth Fund to Wind Up Investments in North America
27.8.2019
The world of investments is no longer only restricted to funds and the investment divisions of the biggest investment banks. In the past, such investors had a huge influence over the capital markets, but over the past few decades, some of the world’s biggest sovereign wealth funds have become...
Facebook Takes FS Vector On-Board to Resolve Regulatory Pressure on Libra
27.8.2019
Facebook, the social networking giant, has collaborated with a lobbying firm, FS Vector, to render to the backlash poured upon it after the announcement of its planned cryptocurrency project, Libra. The Washington based firm, FS Vector is a notable consultancy or advisory firm that works in...
Cryptocurrency Exchange and Brokerage ShortHop, is now Operating in Seven U.S. States
27.8.2019
ShortHop, Cryptocurrency brokerage and exchange is currently operating in further seven U.S. states enabling its clients to work with order books of many trading platforms by utilizing a single window. ShortHop is presently open in Massachusetts, Indiana, New Jersey, Nevada, Arizona, Rhode Island...
Court Orders Johnson & Johnson to Pay $572 Million Due to Its Part in Opioid Crisis in Oklahoma
27.8.2019
The opioid crisis in the state of Oklahoma in the United States has turned into one of the biggest issues in the country over the past few years. It has become a hot topic in politics and has also raised questions about the conduct of some of the biggest corporations in the world. Many...
Facebook Hires Lobbying Firm to Ease Regulatory Pressure on Libra
27.8.2019
Facebook is working with a Washington-based lobbying firm to wrestle with the regulatory pushback sparked by its planned in-app global cryptocurrency
Artificial Intelligence Forum in Dubai to be joined by Consultancy firm PwC
26.8.2019
Over the past half a decade or so, artificial intelligence has become one of the world’s most important emerging technologies, and although it is yet to go mainstream, its eventual adoption is inevitable. It might have originated in the United States, but knowing the full scope of AI, many others...
Crypto Concerns Still Remain For the US Regulators Post Their Visit to Switzerland
26.8.2019
Even after the Switzerland visit, the concerns about Facebook’s ambitious and much-talked-about Libra crypto project remain unanswered for the United States regulators. According to the latest reports quoting the Representative Maxine Waters’ official statement on 25th August 2019, the United...
After United States, India May Ban MacBook Pro from Flights in Country
26.8.2019
One thing that airline regulators take very seriously is anything that could even remotely put a flight in danger and usually, they move swiftly to tackle the source of the problem. Earlier this year it emerged that Apple had decided to replace the batteries in MacBook Pro laptops that had been...
Minds Behind Crypto Scam Charged with $500,000 and More by US FTC
25.8.2019
On February 16th, 2018, the Federal Trade Commission (FTC) of the United States filed a lawsuit against four individuals—Thomas Dluca, Louis Gatto, Eric Pinkston, and Scott Chandler—for violating FCT Acts by “advertising, marketing, and promotion of purported money-making schemes.” In their...
US FTC Settles With Alleged Crypto Pyramid Scheme for $500,000
24.8.2019
The U.S. FTC settles with alleged crypto pyramid schemes Bitcoin Funding Team and My7Network for a total of over $500,000
US Lagging behind China’s Development of National Digital Currency, Circle CEO
24.8.2019
Jeremy Allaire, the Circle CEO, mentions that the U.S. is falling behind the development of China’s national digital money, which could change the manner in which western organizations conduct payments. Recently, the Circle CEO, Jeremy Allaire spoke to the Global Coin Research podcast this...
Amazon Backs Up Walmart and Says That Tesla Solar Panels Caught Fire
24.8.2019
The specter of global warming and climate change has made it a necessity for companies as well as households to make an effort to switch to cleaner sources of energy. Over the past few years, solar energy has emerged as one of the more popular sources of alternative energy and electric car maker...
Initiatives of Blockchain Education Unveiled at Three California Universities
22.8.2019
According to the latest reports, blockchain education programs are being introduced at three California Universities. These programs are curated by an eminent blockchain entity with a VC-backing which has previously crafted courses for universities, including Oxford, Cambridge, and Harvard....
E-Commerce Giant Amazon Opens Its Biggest Campus in Hyderabad
22.8.2019
Amazon started more than two decades ago as an online bookstore but over the years the company managed to turn the e-commerce industry on its head to become one of the most valuable companies in the world. Nowadays it does billion of dollars in business and has huge operations all across the world....
US Treasury Department Tightens Against Cryptocurrency Addresses Associated With Chinese “Drug Kingpins”
22.8.2019
The U.S. Treasury Department’s Office of Foreign Assets Control has enlisted three Chinese nationals and their cryptocurrency addresses, alleging they violated money laundering and drug smuggling laws. The United States Treasury Department has constituted different cryptocurrency addresses...
White House Advisory Reports Trading of Illicit Substances Through Cryptocurrencies
22.8.2019
The White House released two advisories on drug purchases in the U.S. Wednesday, via the communications that marked particular implications to the trading with cryptocurrencies in buying drugs. It was executed with other government agencies as a part of a broader cooperative effort “to end...