Investigation

IOTA Network Still Down: How the Next Bitcoin Killer Screeched to a Halt

</header> <strong>On February 13, the IOTA network came to a screeching halt and the IOTA Foundation reports that $1.6 million worth of the native currency was stolen. The following day, the IOTA network status page still shows the mainnet is “not operational” and the development team has found an “exploit related to the Trinity Wallet.” …

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Avast packaged detailed user data to be sold for millions of dollars

Sponsored Links anyaberkut via Getty Images The popular antivirus program Avast has been selling users data to giant companies like Google, Home Depot, Microsoft and Pepsi, a joint investigation by Motherboard and PCMag found. Avast reportedly scraped data from its antivirus software and handed it off to its subsidiary Jumpshot, which repackaged the data and …

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DOJ and state AGs may combine their Google investigations

Sponsored Links AP Photo/Mark Lennihan The Justice Department and state attorneys general might combine forces in their bid to investigate Google. Wall Street Journal tipsters claim the two sides plan to meet next week to share investigative info in a move that could lead to the two collaborating on their Google probes. It’s just the …

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DOJ stops investigating Uber for foreign bribery

Sponsored Links blinow61 via Getty Images The Department of Justice has dropped an investigation into Uber over alleged foreign bribes. The agency said in an SEC filing it “will not be pursuing enforcement action.” The Fraud Section of the DOJ’s Criminal Division had been looking into whether Uber violated the Foreign Corrupt Practices Act in …

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French Businessman Detained for Stealing €1.2 Million in Crypto From His Partners

</header> <strong>An investigation launched on the request of a French startup has led to the indictment of a 37-year-old entrepreneur accused of stealing </strong><strong>182 <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> from the company he cofounded. Embezzlement of money is one the charges brought against him by the public prosecutor’s office in Paris. </strong> Also read: …

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Chinese Regulators Question 8 Crypto Companies in Shenzhen

</header> <strong>Authorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital.</strong><strong> Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with authorities reportedly questioning their representatives at a meeting hosted by Shenzhen Financial Regulatory Bureau. </strong> Also …

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Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches

</header> <strong>With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one of the country’s largest banks, is now under investigation for millions of purported violations …

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New York investigates claims of sexism in Apple Card credit limits

Sponsored Links AP Photo/Tony Avelar The bank behind Apple Card is facing legal scrutiny over accusations of inequality. New York’s Department of Financial Services has launched an investigation into Goldman Sachs’ practices after Basecamp founder David Heinemeier Hansson accused Apple (and really, Goldman) of sexism when determining credit limits. He received a limit 20 times …

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US investigates escort and massage sites over human trafficking

Sponsored Links dragana991 via Getty Images Backpage is no more, but US authorities are still determined to crack down on sites that enable human trafficking and other crimes. Wall Street Journal sources say Homeland Security, the Justice Department and others are reportedly investigating escort and massage sites Eros.com, EroticMonkey.ch and Rubmaps.ch to see if they’ve …

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Initiative to Curtail Negative Interest Rates Gains Traction in Germany

</header> <strong>Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden</strong><strong> on to their customers. Some political factions in Germany, however, aren’t happy with the trend and are pushing for adequate protection for the ordinary small …

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