marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
cyber war
02/10/2023
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By Cassie B.
Google shares lose $100 billion after new AI chatbot gives an incorrect answer in demo
Shares in Alphabet, the parent company of Google, fell by 7.7 percent on Wednesday, causing it to lose a remarkable $100 billion from its market value after its new AI chatbot gave an inaccurate response to a question in a public demo this week. Google’s new AI chatbot tool, which is known as Bard, has […]
01/31/2023
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By Ramon Tomey
White House calls for regulators to bolster oversight of cryptocurrencies
The White House called for regulators to bolster oversight of cryptocurrencies, warning of the dangers that come with the burgeoning sector. Four White House officials – National Economic Council Director Brian Deese, Office of Science and Technology Policy Director Arati Prabhakar, Council of Economic Advisers Chairwoman Cecilia Rouse and National Security Adviser Jake Sullivan – made […]
01/24/2023
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By Arsenio Toledo
Big Banks team up to launch digital wallet that can compete with PayPal and Apple Pay… are you ready for your digital wallet social credit score enforcement?
Seven of the United States’ largest banks, including Wells Fargo, Bank of America and JPMorgan Chase, are teaming up to create a new digital wallet service that they hope can challenge the dominance of PayPal and Apple Pay. These seven banks claim that this new product will allow shoppers to pay at merchants’ online checkout […]
01/19/2023
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By Arsenio Toledo
Bank of America experiences disruption in online transactions, customers report funds missing from accounts
Bank of America recently experienced significant disruptions in online transactions conducted via the payment service Zelle. Many customers reported delays and funds missing from their accounts, including funds from Zelle deposits and transactions. The website DownDetector, which monitors the online statuses of websites, noted that Bank of America started experiencing problems around 1:40 a.m. on […]
01/19/2023
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By Cassie B.
Was the FAA’s nationwide ground stop on flights last week the work of ransomware hackers?
When the Federal Aviation Administration (FAA) called for a full ground stop on all flights leaving the U.S. for a few hours last Wednesday due to a failure with the critical Notice To Air Missions (NOTAM) system, a damaged database file was cited as the problem. It sounds plausible enough; we increasingly rely on computer […]
12/21/2022
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By News Editors
EU funds test of biometric payments from digital wallets
The EU Commission will provide funds to a consortium whose job is to launch a payments pilot for the bloc’s digital ID wallet. (Article by Didi Rankovic republished from ReclaimTheNet.org) The NOBID (Nordic-Baltic eID Project) has been chosen to head a multi-national consortium comprising a number of companies such as Thales and iProov, who are expected to […]
12/14/2022
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By Belle Carter
EU mandates crypto firms report users’ holdings to tax authorities, evoking surveillance concerns
The European Union (EU) announced on December 8 that it will mandate cryptocurrency firms to register their European users’ holdings to tax authorities. It could have wide-reaching implications, including forcing non-EU based companies to have to register with tax entities within the bloc. The new law, which is inspired by international standards designed to curb crypto […]
12/14/2022
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By Belle Carter
Chinese police bust gang that laundered $1.7B in cryptocurrency using Tether stablecoins
Chinese law enforcement recently arrested 63 people who allegedly used cryptocurrency to launder a total of 12 billion Chinese yuan or $1.7 billion. The suspects, allegedly part of a criminal gang, were arrested as part of Beijing’s crackdown on digital currency trading. Officers from the public security bureau (PSB) of Tongliao City in China’s Inner […]
11/30/2022
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By Ramon Tomey
11 Countries have already adopted central bank digital currencies and 105 others are considering it
Central bank digital currencies (CBDCs) are already in use in 11 countries, and 105 other nations are considering adopting the technology. Washington, D.C.-based think tank The Atlantic Council (TAC) defined a CBDC as “virtual money backed and issued by a central bank.” It named 10 countries in the Caribbean, alongside the West African country of Nigeria, as early adopters of […]
08/11/2022
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By Belle Carter
US Treasury group blacklists cryptocurrency mixer Tornado Cash over predictable “money laundering” claims
The Department of the Treasury‘s Office of Foreign Assets Control (OFAC), a U.S. government watchdog agency, sanctioned cryptocurrency mixer Tornado Cash on Monday, August 8. The OFAC said Americans could no longer use the app because it “launders the proceeds of cybercrimes.” “Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls […]
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