Search Results for: regulators
Charges announced for a nearly billion dollar Ponzi scheme
January 30th, 2020
The Securities and Exchange Commission (SEC) has issued an announcement to inform that has charged a California-based couple with orchestrating a nearly billion-dollar Ponzi scheme involving alternative energy tax credits. According to the SEC’s complaint, Jeffrey and Paulette Carpoff raised approximately $910 million ...
Data protection fines hit £100m during first 18 months of GDPR
January 23rd, 2020
European countries have imposed approximately €114 million (£97 million) in data protection fines on businesses since revamped laws came into force in May 2018. Regulators have received 160,000 data breach reports, with UK firms third-most reported across Europe Approximately ...
Gold’s outlook for 2020
January 3rd, 2020
This article is an overview of the economic conditions that will drive the gold price in 2020 and beyond. The turn of the credit cycle, the effect on government deficits and how they are to be financed are addressed. ...
Internet provider faces big GDPR fine for lax call centre checks
December 30th, 2019
A German internet service provider faces a €9.6m ($10.6m; £8m) fine after being accused of failing to carry out tough enough customer ID checks. Germany’s data protection watchdog said anyone who called 1&1 Telecom could get extensive personal information ...
Airbnb cannot be treated as a real estate agency – European Court of Justice
December 27th, 2019
The European Court of Justice, Europe’s top court,delivered Airbnb a major victory as the company readies for its public debut next year. Airbnb cannot be treated as a real estate agency by European regulators, the European Court of Justice ...
France to test its Central Bank digital currency in Q1 2020: Official
December 5th, 2019
The central bank of France plans to pilot a central bank digital currency (CBDC) for financial institutions in 2020. François Villeroy de Galhau, the governor of the Bank of France, announced that the bank will start testing the digital ...
VW accused of emissions cheating in UK’s largest class action lawsuit
December 5th, 2019
Volkswagen Group is facing one of the largest-ever UK class action lawsuits, with almost 100,000 vehicle owners accusing it of misleading them by installing emissions-cheating software that made it appear their diesel vehicles met environmental standards. Lawyers for the ...
China prepares to launch its own digital currency as Facebook’s Libra languishes
November 13th, 2019
China is moving closer to releasing the world’s first government-backed digital currency. Li Wei, the head of technology for the People’s Bank of China, the central bank, said on Monday that commercial banks should increase their use of blockchain ...
iSignthis: Extreme Growth Continues…with Free Cash Flow
October 25th, 2019
Actual Annualised GPTV exceeds A$1.9bn (Up↑ 360% from 30th June) Operating Cashflow Positive (Q3) : $1.067m (FCF) Cash Receipts : $8.326m UP↑ 38.5% QoQ from $6.01m (Q2 2019) 3Q2019 Revenues $8.58m UP↑ 36% from $6.3m 2Q2019 3rd QTR 2019 ...
The world’s most-used cryptocurrency isn’t Bitcoin
October 4th, 2019
What’s the world’s most widely used cryptocurrency? If you think it’s Bitcoin, which accounts for about 70% of all the digital-asset world’s market value, you’re probably wrong. While concrete figures on trading volumes are hard to come by in ...
