Tag Archives: Major
Most major U.S. credit card issuers have now banned the use of their cards to buy Bitcoin or other digital currencies, in a move intended to decrease both financial and legal risk.
Citigroup also says it is halting cryptocurrency purchases on credit, and Capital One and Discover had already enacted their own bans. That means all of the top five credit card issuers have announced or implemented bans.
The moves are above all in the banks’ self-interest. As Fortune previously reported, the mania surrounding cryptocurrency late last year appears to have motivated many retail investors to use credit cards as leveraging tools, buying more cryptocurrency than they could afford. With Bitcoin down roughly 50% from December highs, many of those investors are likely underwater right now, and may not be able to pay off their initial Bitcoin purchases soon, if ever.
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Further, as Bloomberg points out, banks may be responsible for monitoring customers’ behavior to prevent money laundering after they make a credit-backed Bitcoin purchase, a tough standard for them to comply with.
The bans — or more to the point, the news of the bans — may exacerbate ongoing declines in cryptocurrency prices. After a hefty bounce Saturday morning, crypto markets broadly retreated on Sunday. Bitcoin is now trading at around $ 8,500 from a December high near $ 20,000.
In the longer term, however, tighter cryptocurrency investment controls, whether from regulators or lenders, seem likely to help mitigate the consequences of both hype and scams. For much of 2017, those threatened to overshadow the underlying promise of blockchain technology, which is still in the very early stages of evolution.
Kim Kardashian West revealed what husband Kanye West gave her this Christmas: Hundreds of thousands of dollars worth of stock in major companies including Disney, Apple, and Amazon. In an Instagram story—visible to her 105 million followers—shared on Tuesday, the reality TV star and entrepreneur shared how Kanye delivered the stock-ing stuffer.
“So for one of my Christmas presents from Kanye, he gives me this little box with a Disney Mickey toy, Apple headphones, Netflix [and] Amazon gift cards and Adidas socks,” Kardashian says, as her camera pans over the box of gifts. “And I’m like ‘that’s so sweet, thanks!’”
“But then, I open the next box and it is stock to Amazon, where he got the gift cards, stock to Netflix, stock to Apple—hence the little headphones—Adidas stock and Disney stock,” she says in the next installment, revealing stock certificates for the five companies. Kardashian wrote “best husband alert!” as the caption.
While most of the certificates are hidden from the camera, viewers of the Instagram story can see that Kim was gifted 920 Disney (dis) shares, which the certificate says are valued at around $ 100,000. The Instagram story also shows that she was given 995 Adidas (addyy) shares, which would also have a total value of around $ 100,000 at current prices.
BALTIMORE, Md. — Cloud Computing gave trainer Chad Brown his first Classic win when he won Saturday’s $ 1.5 million Preakness Stakes before a …
Those thinly veiled shots that Facebook CEO Mark Zuckerberg took at Donald Trump last month apparently had no bearing on how his company spends its money.
The social network said Thursday that it will sponsor both the Republican and the Democratic conventions this summer — providing both events with financial backing, a “Facebook Lounge” on the premises and other forms of support.
Facebook said in a statement that its involvement in the events does not mean the company is vouching for any particular candidate or party. Rather, it considers the sponsorship to be a chance to encourage its users to participate in the election. Read more…
2015 Recipients Made Contributions in Areas Including Artificial Intelligence, Software Systems and Encryption
(PRWeb April 27, 2016)
Read the full story at http://www.prweb.com/releases/2016/04/prweb13371562.htm
The 5by5 Wireless system, a world-wide breakthrough, now allows a wireless service provider to offer telephone, internet and broadcast services in any area but can focus on rural and remote areas…
(PRWeb September 03, 2015)
Read the full story at http://www.prweb.com/releases/2015/09/prweb12941921.htm
The FAA is endeavoring to minimize its data centers and harness the two clouds as much as possible- a kind of cloud computing termed hybrid …