Bitcoin at 'tipping point,' Citi says as price surges Via 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 Inc and Mastercard Inc, bitcoin could be at the start of a “massive […]
Bitcoin falls 5.84% From Record High, Down To $43,418 Via Reuters: Bitcoin dropped 5.84% to $43,418.02 on Sunday, losing $2,691.96 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, has fallen 25.6% from the year’s high of $58,354.14 on Feb. 21. Bitcoin’s price soared this year as major firms including BNY Mellon, asset manager BlackRock Inc, and credit card giant Mastercard Inc backed cryptocurrencies, while others such as […]
Alexandria Ocasio-Cortez Criticizes NYPD Use of Robotic Dog Drones Via Breitbart: Rep. Alexandria Ocasio-Cortez (D-NY) took to Twitter Tuesday afternoon for an indictment of “robotic dogs” used to aid police visibility on crime scenes. Ocasio-Cortez highlighted a story from the New York Post on Tuesday, calling out the New York Police Department (NYPD) for their recent deployment of “robotic dog” drones. According to the article in question, officers used the “digidog” to enhance situational awareness during […]
SolarWinds, Microsoft, FireEye, CrowdStrike Defend Actions In Major Hack Via Reuters: Top executives at Texas-based software company SolarWinds Corp, Microsoft Corp and cybersecurity firms FireEye Inc and CrowdStrike Holdings Inc defended their conduct in breaches blamed on Russian hackers and sought to shift responsibility elsewhere in testimony to a U.S. Senate panel on Tuesday. One of the worst hacks yet discovered had an impact on all four. SolarWinds and Microsoft […]
Bitcoin Tumbles 17% As Doubts Grow Over Valuations Via Reuters: Bitcoin tumbled 17% on Tuesday, sparking a sell-off across cryptocurrency markets as investors grew nervous at sky-high valuations and leveraged players took profit. The world’s biggest cryptocurrency suffered its biggest daily drop in a month, falling as low $45,000. Bitcoin was last down 11.3% at 0939 GMT. The drop extended a slump of nearly a fifth from a record high […]
Big Tech-Led Equity Inflows Fuelling 'Mother-Of-All Asset Bubbles' - BofA Via Reuters: A record rush to big technology stocks saw equity funds bagging $27.8 billion inflows last week with the ongoing ultra-easy monetary policy creating the “mother-of-all asset bubbles”, BofA said on Friday. Global market capitalisation has risen $50 trillion, or $6.2 billion per hour, since last March, almost 10 times faster than the pace seen in the immediate aftermath […]
WhatsApp To Move Ahead With Privacy Update Despite Backlash Via Reuters: Facebook Inc’s WhatsApp said on Thursday it will go ahead with its controversial privacy policy update but will allow users to read it at “their own pace” and will also display a banner providing additional information. In January, the messaging platform informed users it was preparing a new privacy policy, under which it could share limited user data with […]
Facebook, Google, Twitter CEOs Will Testify About Misinformation Before U.S. Congress Via Reuters: The chief executives of Facebook Inc, Alphabet Inc and Twitter will testify before a U.S. House panel on March 25 on “misinformation and disinformation plaguing online platforms.” A pair of House Energy and Commerce subcommittees will hold a fully remote joint hearing including Facebook CEO Mark Zuckerberg, Google CEO Sundar Pichai and Twitter CEO Jack Dorsey as […]
Facebook Unfriends Australia: News Sites Go Dark In Content Row Via Reuters: Australians woke to empty news feeds on their Facebook Inc pages on Thursday after the social media giant blocked all media content in a surprise and dramatic escalation of a dispute with the government over paying for content. The move was swiftly criticised by news producers, politicians and human rights advocates, particularly as it became clear that official […]
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