Pi Network, a cryptocurrency mining app for mobile users, may have been connected to 17GB worth of personal data leaks, a Vietnamese news outlet reported on Monday. The treasure trove of personal data was apparently taken from the KYC, or Know Your Customer, checks from users of Pi Network, according to the person who posted
The Puerto Rico Oversight Board voted to overrule the territory’s House of Representatives on spending for the privatization of the Puerto Rico Electric Power Authority transmission and distribution system. On Wednesday the House voted 43 to 0 with 2 abstentions against authorizing a revision to this year’s General Fund budget allocating $750 million for the
Connecticut officials enter this week’s $1 billion general obligation bond sale armed with four upgrades in six weeks, including three within two days last week. Fitch Ratings on Friday upgraded the state’s GO rating to AA-minus. One day earlier, Kroll Bond Rating Agency and S&P Global Ratings elevated Connecticut to AA and A-plus, respectively. Moody’s
The Municipal Securities Rulemaking Board appears poised to do away with a requirement that dealers provide disclosures to customers who may not be invested in municipals, a request industry groups have been making for years. The MSRB requested comment May 14 on potential changes to Rules G-10 on investor and municipal advisory client education and
The World Economic Forum has been forced to scrap its plans for an in-person annual meeting once again, cancelling a gathering planned for August in Singapore as the city state imposed new restrictions and new Covid-19 outbreaks shake its members’ confidence. “Regretfully, the tragic circumstances unfolding across geographies, an uncertain travel outlook, differing speeds of
Foxconn does not normally care too much about style. Even its investor conferences are held at the drab concrete-block building that houses the Apple supplier’s headquarters in an industrial suburb of Taipei. But in March, the world’s largest contract electronics manufacturer put on a real show: hosting 500 executives at a chic event space in
AT&T has agreed to spin off and combine WarnerMedia with its rival Discovery in a multibillion-dollar deal to create a media empire that has the programming heft to compete with Disney and Netflix in a global streaming race. The move will create the second largest media company in the world by revenue after Disney. It
The Federal Reserve’s policy is in a good place right now, said Cleveland Fed President Loretta Mester, while playing down signals from data that she warns will be volatile as the economy reopens. “The volatility month-to-month I think is something we should expect, Mester said Friday in an interview on Bloomberg Television. “We’re really at
Bitcoin (BTC) continues to look for direction but as this occurred, Ether and altcoins bounced higher from the May 13 sell-off. Dogecoin shocked investors with its 47% rally that kicked off after Coinbase announced that it would list (DOGE) in the coming months. Doge price also rallied after Elon Musk tweeted that he was “Working
California Gov. Gavin Newsom capped a week of daily multi-billion dollar additions to his proposed $267.8 billion budget Friday with a plan to bring universal broadband to the state and expand Medi-Cal to undocumented immigrants over the age of 60. The governor began the week by declaring the state will a $75.7 billion surplus and
Israeli security forces struggled to quell worsening communal violence in its cities as it stepped up operations in Gaza against Palestinian militant group Hamas. Jews and minority Israeli Arabs fought each other in several Israeli towns overnight as Prime Minister Benjamin Netanyahu vowed to quell the rioting with “a lot of force” and warned the
South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk to the country’s financial system. South Korean Central Bank to Intensify Screening of Crypto-Related
People crowd outdoor seating at a restaurant as coronavirus disease (COVID-19) restrictions are eased in Ann Arbor, Michigan, U.S., April 4, 2021. Emily Elconin | Reuters A new book by Nobel Economics Prize winner Daniel Kahneman asks, why does everyone make such bad decisions and what can we do about it? Why do we all
A Wall Street sign is seen near the New York Stock Exchange (NYSE) in New York City, May 4, 2021. Brendan McDermid | Reuters Investors will see whether stocks carry their newfound momentum into the week ahead, as major retailers, including Walmart and Home Depot, report earnings and housing data dominates the calendar. The Federal
A landmark English Tudor-style home in the La Jolla neighborhood of San Diego has come on the market for $8.85 million. The storybook home, dating to nearly 100 years ago, was designed and built by noted San Diego architect Edgar V. Ullrich as his personal residence, according to Regin Daniels Rubin of Willis Allen Real
The work-from-anywhere culture of the coronavirus pandemic is not going away with vaccines, and that has created an opportunity for small cities to lure new residents. So-called digital nomads are in high demand and are now being offered cash to relocate. Programs are popping up across the country. The poachers don’t want the workers to
The fracas between governors and legislatures over executive powers during the COVID-19 pandemic is reaching a new level in Pennsylvania — two proposed constitutional amendments. Keystone State voters on Tuesday will decide on two ballot measures that would limit the governor’s emergency disaster declaration powers and enable the state legislature to end a declaration with
Cryptocurrency price corrected sharply today, including Ether (ETH), but this is a short-term move which is not reflective of the more macro-level events which still paint a bullish picture for assets like Ether and Bitcoin. In the last 30 days, Ether price gained 96%, moving from $2,138 to $4,200 on May 11. Normally the assumption
After months of touting the benefits of Bitcoin (BTC) and blockchain technology, Tesla CEO Elon Musk shocked the crypto Twitter on May 12 by announcing that the electric car company would suspend its accepting BTC as a form of payment, citing concerns related to the energy required to mine the top cryptocurrency. As Tesla issued
The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal is making another acquisition in the e-commerce space as it moves beyond payments and into physical and online retail. The digital payments giant announced a deal to acquire start-up Happy Returns on Thursday for an undisclosed