After Consumer Financial Protection Bureau Freezes Data Collecting, Sen. Elizabeth Warren Demands Reversal

A federal court last week again ruled in favor of Mick Mulvaney as the rightful head of the Consumer Financial Protection Bureau, which strengthens his hand on such issues as the recent decision to freeze data collection in light of cybersecurity concerns. But Sen. Elizabeth Warren, D-Mass., who conceived the idea of the consumer agency, which… Please follow and like us:

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South Korea’s Bitcoin Crackdown Maybe Toned Down

The price of bitcoin, the world’s most popular cryptocurrency at present, took a beating Thursday after reports said South Korean Justice Minister Park Sang-ki was planning a ban on cryptocurrency exchanges in the country, which is a global hub for such trading platforms. But on Friday, the country’s finance minister reportedly made statements toning down the… Please follow and like us:

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Another Sign Of Cryptocurrency Regulations?

The noose of regulation seems to be closing around the Medusa’s head-like neck of cryptocurrencies. After months of monitoring by various agencies, the financial services panel of the Senate will meet top market regulators early in February to discuss bitcoin and other cryptocurrencies, as well as the possible risks their trading poses, Reuters reported Wednesday. Citing… Please follow and like us:

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‘Internet of Things’ Devices Have Their Security Risks. How Regulators Should Address Them.

Most Americans own some sort of “smart” device, whether it’s a smartphone, a smart thermostat, or a smart fitness tracker. These devices are benefiting Americans in countless ways, from helping them become more energy-efficient, to saving money and even tracking their health. But many of these devices can also pose a security risk to unsuspecting consumers.… Please follow and like us:

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Trump administration targets recreational pot, placing marijuana businesses at risk

WASHINGTON — Attorney General Jeff Sessions is rescinding an Obama-era federal policy that provided legal shelter for marijuana sales in states that have allowed recreational pot, placing thousands of marijuana businesses operating legally under state law at risk of federal raids and seizures. The Justice Department move plunged California’s fledgling recreational pot market into further uncertainty,… Please follow and like us:

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What can Qualcomm do to fend off Broadcom?

When Broadcom proposed ousting Qualcomm’s board of directors on Dec. 4, it set in motion a high-stakes chess match for control of San Diego’s most iconic technology company. The outcome could reverberate not only locally, but throughout the tech industry — possibly changing the landscape for firms such as Apple, Google, Microsoft and Intel. Qualcomm invented… Please follow and like us:

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Six Ways Oil And Gas Development Can Contaminate Land And Water (And What To Do About It)

As oil and gas production increases, so does the risk of toxic waste leaking to the environment. The massive amount of briny wastewater generated from oil and gas development can cause serious damage if it comes into contact with the public or our environment. Consider what happened to the Johnsons, a 4th generation ranching family in… Please follow and like us:

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China imposes new restrictions on outbound investment

China has issued new rules increasing oversight of overseas acquisitions by its companies, as it seeks to reduce investment in assets ranging from golf courses and movie studios to football clubs. The rules are the latest attempt to stem the tidal wave of capital that has flown out of the country in recent years, a trend… Please follow and like us:

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China’s investment scrutiny to widen

‘All-around’ supervision of outbound capital to include comprehensive law China plans to adopt an “all-around” supervision program covering all phases of outbound investment, with more steps to fill a policy void and further facilitate legislation in the pipeline, according to the nation’s top economic regulator. With a slew of guidelines on outbound investment having effectively curbed… Please follow and like us:

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Cryptocurrency ICOs Must Stop Flying Blind On Money-Laundering Risks

Companies have raised as much as $4 billion this year through token crowd sales, or Initial Coin Offerings, a new mechanism that many startups using blockchain technology in some way have used to bypass traditional venture capital funding routes. That is a lot of money flowing to entities to fund their ideas and develop their products.… Please follow and like us:

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How Bitcoin Futures Trading Could Burst The Cryptocurrency’s Bubble

A new wave was added to the never-ending Bitcoin mania when the Chicago Board of Exchange (CBOE) became the first major derivative exchange to launch Bitcoin futures on December 10. Such was the euphoria among early investors that trading was halted twice due to CBOE speed breakers, which slow or pause trading when price movements are… Please follow and like us:

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Liberals are freaking out over the repeal of net neutrality and it’s hilarious

December 15,2017 –  FCC Chairman Ajit Pai announced on Thursday the repeal of the net neutrality restrictions instituted by President Obama in 2015. And liberals are freaking out. “The Government Just Voted To Completely Screw Up The Internet As You Know It,” declared Buzzfeed. Mother Jones was even funnier, “Yes, Net Neutrality Is… Please follow and like us:

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China says its ‘open’ internet accounts for a third of economy

China’s digital economy accounts for nearly a third of gross domestic product, according to a report released at an annual cyberspace conference staged by the government to justify its strict internet censorship. Beijing this year has dramatically strengthened its already tight regulation of the internet, but officials and local media have used the fourth World Internet… Please follow and like us:

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Irish border threatens Brexit progress ahead of May-Juncker talks

Monday is a key day in Brexit negotiations. British Prime Minister Theresa May will meet both the EU Commission President Jean-Claude Juncker and European Council President Donald Tusk. They need to make sufficient progress on the rights of citizens, a financial settlement and the Irish border before talks can progress to trade and the UK’s future… Please follow and like us:

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When Grandma and Grandpa join the bitcoin frenzy, you know it’s is turning into a bubble

One day in 2013, when the price of bitcoin had crashed to $600 from $1,200 in a matter of hours, I wrote that this showed that the virtual currency was a dumb investment. Three months ago, when the price hit $5,000, I again called it a dumb investment. So what about now, with bitcoin trading at… Please follow and like us:

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