What a wild week! Bitcoin started at $402, went as high as $543 and ended at $486 at 6:30 am EST. It was 22 times more volatile than the dollar over the past 30 days. Jeff Bezos said "no" but a Texas AG said yes....
Users will be able to validate the company’s records and compare them to the bitcoin ledger.
The Consumer Financial Protection Bureau (CFPB) has proposed changes to its international money transfer regulation that require transfer providers, such as banks and credit unions, to report certain fees upfront. They also must report exactly on exchange rates. Yesterday,the CFPB proposed and extension of an...
Defunct bitcoin exchange Mt.Gox has reportedly given up its quest to rebuild under bankruptcy protection in its home nation of Japan, and has instead requested permission to liquidate from a Tokyo court. According to sources close to the situation cited by The Wall Street Journal,...
Canadian Court Certifies Decision from Visa/MasterCard Lawsuit On Sunday, Canadian Chief Justice Bauman released a statement that showed the reason why the Visa/MasterCard class action suit was certified. According to Mondaq, one of the reasons Bauman stated was that plaintiffs can not link stolen items...
A New York start-up wants to challenge Craigslist and Ebay by encouraging its buyers and sellers to use Bitcoins instead of other payments. Corkket.com wants to reshape local online trading by providing more trustworthy ways for payments and offer full refunds to buyers who change their...
On Thursday, the Justice Department and Federal Trade Commission sent corporate America a policy statement stating that it was OK to share cyber threat information, according to The Business Journals. “This statement should help private businesses by making it clear that antitrust laws do not...
Trolls aren’t just those so-ugly-they’re-cute creates that live under bridges in fairy tales. Patent trolls hide in the background waiting for the day that an innovator launches something new, besieging them with claims of patent infringement, many of which end up being erroneous. It cost...
Wells Fargo & Co. on April 11 reported a jump in first quarter credit card penetration in its retail banking households, to 38 percent, up from 34.1 percent a year earlier. The issuer also noted a 9 percent jump in its overall average consumer credit...
