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Cryptocurrency Tether is fined $41 million for lying about reserves

[Fortune, Getty Images] The world’s biggest issuer of stablecoins gets a black eye as regulatory scrutiny intensifies over the reserves crypto companies say they set aside. Tether will pay $41 million to settle allegations it lied in claiming its digital tokens were fully backed by fiat currencies, putting a major compliance headache behind the world’s […]

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Fired for refusing a Covid vaccine? You likely can’t get unemployment benefits

[CNBC, Getty Images] Businesses are increasingly requiring their workers to get a Covid-19 vaccine as a condition of employment.Employers like ChristianaCare, Northwell Health, Novant Health, UCHealth System and United Airlines have fired (or are poised to fire) hundreds of unvaccinated workers. Kaiser Permanente placed more than 2,200 on unpaid leave.Such workers likely don’t qualify for […]

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Thousands protest in El Salvador after bitcoin made official currency

[New York Post, EPA] Thousands of protesters took to the streets in El Salvador a week after the Central American nation became the first in the world to adopt bitcoin as its legal currency alongside the US dollar. Most marchers in El Salvador’s capital of San Salvador were peaceful, but some smashed and torched at least one […]

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AMC will let customers pay in Ethereum and Litecoin by the end of the year

[Fortune, Getty Images] AMC is expanding its cryptocurrency interests. The movie theater chain has announced it will begin accepting Ethereum, Litecoin, and Bitcoin Cash for online ticket sales and concession payments by the end of the year. The announcement comes just over a month after AMC announced it would begin accepting Bitcoin. CEO Adam Aron dropped […]

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Battle Erupts Over The Dogecoin Trademark With Over Half A Dozen Claims Filed With USPTO

[Benzinga] A battle has erupted over who owns the trademark to meme cryptocurrency Dogecoin (CRYPTO: DOGE), according to a report by the Wall Street Journal. What Happened: The Dogecoin Foundation, a Colorado non-profit formed by the cryptocurrency’s creators and supporters in 2014, is among the half a dozen others to have now filed an official claim with the U.S. Patent and […]

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Do you own an iPhone or iPad? Update your Apple devices right now

[USA Today] Do you own an iPhone? Update it right now. Apple has released an emergency software patch after researchers uncovered a security flaw that could allow hackers to secretly install spyware on your Apple devices even if you do nothing, not even click on a link. The spyware can then eavesdrop or steal data from […]

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79% of Robinhood Revenue Might Be Eliminated by the SEC

[Investor Place, Shutterstock] Yet its current business model, recent financial results and potential government regulatory issues may present difficult challenges for the company ahead. Payment for Order Flow Payment for order flow (PFOF) is the common practice where brokerage firms forward customer orders to high-frequency trading firms in exchange for “transaction rebates”. These rebates across […]

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Ukraine is the latest country to legalize bitcoin as the cryptocurrency slowly goes global

[CNBC] In a nearly unanimous vote, the Ukrainian Parliament adopted a law that legalizes and regulates cryptocurrency.The bill was set in motion in 2020 – and now heads to the desk of President Volodymyr Zelenskyy.Until today, dealing in crypto in Ukraine has existed in a legal gray area.Ukraine is the fifth country in as many […]

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Bitcoin Braced For A 3.3 Million-Strong Global Earthquake This Week As The Price Of Ethereum, Cardano, BNB, XRP, Solana And Dogecoin Soar

[Forbes, Getty Images] Bitcoin and cryptocurrencies have surged over the last couple of months, with the bitcoin price hitting highs of around $52,000 per bitcoin—up from under $30,000 just a few months ago. The price of top ten cryptocurrencies ethereum, cardano, Binance’s BNB, Ripple’s XRP, solana and dogecoin have also rocketed in recent weeks, with most major cryptocurrencies […]

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Coinbase says it sent erroneous account security notifications to 125,000 customers

[CNBC, Getty Images] Cryptocurrency exchange Coinbase acknowledged that it erroneously told about 125,000 customers that their security settings had changed.The company told CNBC on Monday that it was the result of an internal error.“All of a sudden, the system just started sending stuff like a bug in the system, but it was not a malicious […]

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