Hackers have cashed out on more than $143,000 worth of bitcoin relating to ransoms paid from the massive WannaCry cyber-attack earlier this year. Bitcoin payments made by victims of the WannaCry ransomware attack – which totaled 52.2 BTC (around $143,000) – were withdrawn from online wallets overnight. This was confirmed by Elliptic, a London-based start-up […]
Read moreThe Bank of England (BOE) held interest rates steady at 0.25 percent on Thursday, as expected, while largely sticking to its previous assumptions for growth and inflation over the three-year forecast horizon. The Monetary Policy Committee (MPC) voted by a majority of 6-2 to keep rates at record low levels in August. Meantime, the U.K.’s […]
Read moreKabbage, a billion-dollar start-up that has become a key lender for small businesses in the United States, announced Thursday that it has raised $250 million in venture capital from SoftBank Group. The funding brings Kabbage’s total equity funding raised to nearly $500 million. With this investment, Kabbage — a company that combines machine-learning algorithms, data […]
Read moreCurrency, United States Finance
We're 'better organized' than the Trump administration, says EU chief
President Donald Trump and his team are not as well organized as the European Union, the president of the European Commission said in an interview with Politico. When asked about the recent events in the White House, Jean-Claude Juncker said that “it’s stunning” how Anthony Scaramucci was fired as communications director after 10 days in […]
Read moreAs Beijing’s sweltering summer rolls into August, China’s political elite usually retreats seaside to deliberate the hottest topic of all: the future of the ruling Communist Party. The highly secretive confab is in Beidaihe, a beach resort roughly 175 miles east of Beijing along the Bohai Sea, and it’s an annual ritual from the days […]
Read moreMicrosoft is testing a Windows 10 feature that allows people to control features of the operating system with their eyes. Eye Control is aimed at “empowering people with disabilities to operate an on-screen mouse, keyboard, and text-to-speech experience using only their eyes,” Microsoft said in a blog post on Wednesday. Users require eye tracking hardware […]
Read more“Bitcoin cash,” the cryptocurrency created as a result of a split in the bitcoin blockchain, may not have long-term potential, industry insiders told CNBC, but a key event down the road could give it more backing. To recap, the underlying bitcoin technology known as the blockchain underwent a “fork”, meaning it split to create a […]
Read moreTesla is continuing to see demand for its first mass market car, the Model 3, with an average of 1,800 new orders a day. But on its quarterly earnings call, CEO Elon Musk revealed about 63,000 people have cancelled their Model 3 pre-orders. The number of orders went from approximately 518,000 to 455,000, Musk said. […]
Read moreGerman luxury automaker BMW AG says net profit rose 14 percent in the second quarter as earnings were boosted by the new version of the 5-Series sedan. Profit rose to 2.21 billion euros ($2.60 billion) in the April-June period from 1.95 billion euros a year earlier. CEO Harald Krueger said Thursday strong earnings would ensure […]
Read moreCredit Agricole reported a sharp rise in its core capital ratio to 12.4 percent, as the bank took advantage of higher profits and a sale of a stake in investment company Eurazeo to beef up its financial position. An improving economic activity in its core European markets, such as France and Italy, coupled with a […]
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