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Blockchain Is a Bust, says the Man Who Introduced Bitcoin to Millions

There has been a change of heart for Stefan Thomas who introduced millions of people to bitcoin.   He wrote in an essay titled “ The Subtle Tyranny of Blockchian” that blockchain, the ledger software that makes the digital currency possible, is too rigid to gain wide adoption. A wide range...

FBI says conducting 30 undisclosed insider trading probes

In a sign investigators remains focused on building cases despite a court ruling that could curtail such prosecutions, the FBI in New York City has undisclosed probes into about 30 suspected insider trading schemes, the agency said.   In recent times there has been a resurgence of insider...

Dash for Passports Starts as Brits Abroad Feel Deserted by Mothership

The Brexit referendum has forced British citizens living in other EU countries to reassess the very basics of their existence. And there are about 1.2 million of them.   British passport holders could travel, live and work virtually anywhere in the EU as members of the 28-nation bloc....

More Millionaires in Asia than North America: Capgemini Report

The millionaires of Asia are clearly now much richer than their North American counterparts. In the year 2015, there has been a ten percent rise in the wealth of the millionaires of Asia- Pacific region when the combined riches reached a total of $17.4 trillion from their combined value a year...

Insider Trading on FDA Leaks Charged against Visium's Valvani

In one of the biggest insider trading cases since a 2014 court ruling made it harder for U.S. prosecutors to pursue them, a Manhattan hedge fund manager was charged with trading on confidential tips about drug approvals.   By gaining advance word about U.S. Food and Drug Administration...

Battle of the Silicon Valley Billionaires Expected after Gawker Lawsuit

Gawker Media LLC has managed to find a new supporter and partner in its legal battle against wrestler Hulk Hogan.   A the high-profile lawsuit against Gawker Media LLC brought by wrestler Hulk Hogan would see First Look Media, a news organization founded by Silicon Valley billionaire Pierre...

While Mickelson Settles Charges, Ex-Dean Foods Chairman, Gambler Charged for Insider Trading

Alleged with engaging in an insider trading scheme that netted more than $40 million and included a tip that benefited professional golfer Phil Mickelson, a former chairman of Dean Foods Co and a professional Las Vegas gambler was charged by U.S. authorities very recently.   William "Billy"...

Bias Controversy Leads to Meeting between Facebook's Zuckerberg meets U.S. Conservatives

Facebook Chief Executive Mark Zuckerberg said he will work to build trust with users who believe the social network displays politically biased news content after he heard from more than a dozen U.S. conservative leaders recently   Zuckerberg acknowledged that many conservatives believe...

Paid Informants and Pricey Escort at Redstone Mansion is Alleged by a New Lawsuit

A new lawsuit that threatens to keep salacious allegations about the 92-year-old media mogul Sumner Redstone’s lifestyle alive, has been filed by a former girlfriend of Redstone even as a Los Angeles judge dismissed one case brought by her.   There are allegations that Redstone's daughter...

Mark Zuckerberg’s Security Tops Security Expenses for all other Major IT Companies

In what is its first disclosure of such costs, Facebook Inc revealed that it spent $4.26 million on security for Mark Zuckerberg last year. This is the highest spending among companies in the Standard & Poor's 500 Index that have filed proxy statements for fiscal 2015. According to a...

Debate Over Foreign Boss Reignited in Malaysia after Malaysia Airlines CEO's exit

Debate in Malaysia over the wisdom of picking a foreigner to run its ailing carrier, potentially limiting the group's options as it seeks a new leader midway through a radical revamp has been initiated by the abrupt exit of Malaysia Airlines' German boss.   As Aer Lingus attempted to pull...

Anonymous has Donald Trump in its crosshairs

On April 1, Anonymous has stated that it will take down Trump’s personal and business related websites. America’s leading presidential candidate for the Republican Party, has once again found himself in the cross-hairs of Anonymous, a group of expert hacktivists.   On March 4, Anonymous...
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