Hey, maybe this stuff is bad for business after all.
Mastercard wants to use the inherent security of blockchain to make money more intuitive and less hackable. Its new blockchain patents seeks to put an end to credit card skimmers. Regardless of what you think about cryptocurrency, the largest financial institutions are transforming real money to be more like it every day.
The U.S. Commodity Futures Trading Commission on Thursday urged a federal judge to conclude that an obscure virtual currency called My Big Coin is a commodity subject to its oversight, saying it is no different than precious metals like gold.
Paul Manafort is heading to jail, ahead of his trials for bank fraud and money laundering, Bloomberg News reports.
Investors worried about the potential impact of fake news on financial markets, look away now.
President Donald Trump has approved tariffs on Chinese goods worth about $50 billion, said a person familiar with the decision.
A cryptocurrency exchange in the UK has struck a rare deal to open a bank account with British start-up ClearBank, said two people familiar with the matter, allowing domestic customers to trade digital currencies without moving their money overseas.
Paul Manafort was ordered locked up ahead of his two trials for bank fraud and money laundering.
There was plenty of noteworthy news this week related to the financial advice industry, including a fatal deadline for the DOL Fiduciary Rule, a potential about-face by Merrill Edge on its ban on commissions in retirement accounts and a splashy new technology platform at Morgan Stanley.
The world’s largest restaurant chain will begin to phase out plastic straws in some European markets as concerns about consumer waste mount.
Four years haven’t dulled the shame Brazilians feel over the last World Cup. But at least some are starting to laugh again -- and make a buck in the process.