The FaceApp Privacy Panic, a Mysterious Satellite Outage, and More News

Catch up on the most important news from today in two minutes or...

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Europe’s Galileo Satellite Outage Serves as a Warning

The dramatic EU Galileo incident underscores the threat of satellite timing and navigation system failures.

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Indian Government Breaks Silence on Crypto Regulation
Jul19

Indian Government Breaks Silence on Crypto Regulation

The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation has already been submitted by the interministerial committee tasked with drafting the regulation. Also read: G20 Leaders Issue Declaration on...

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Market Outlook: Crypto Bulls Rally After Bearish Downturn
Jul19

Market Outlook: Crypto Bulls Rally After Bearish Downturn

Since July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic on where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend. BTC and a slew of other currencies spiked more than 10% at 11 a.m. EST on Thursday, however, indicating the bull market is still in play. Also read: Ignore Crypto Twitter...

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Money Laundering Fines Help Bankers Avoid Prosecution
Jul19

Money Laundering Fines Help Bankers Avoid Prosecution

The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner, JP Morgan’s asset management arm, and the operator, Mediterranean Shipping Company, paid a $50M in cash and surety bond, the stain...

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