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Quadriga: The cryptocurrency exchange that lost $135m

9 hours ago DieselGasoil Comments Off on Quadriga: The cryptocurrency exchange that lost $135m
When the 30-year-old founder of a Canadian cryptocurrency exchange died suddenly, he took the whereabouts of some C$180m ($135m; £105m) in cryptocurrency to his grave. Now, tens of thousands of Quadriga CX users are wondering if they will ever see their funds again. In 2014, one of the world’s biggest online cryptocurrency exchanges – MtGox Read More

Facebook blocks pages with TENS OF MILLIONS of views after CNN reports their ties to RT

24 hours ago DieselGasoil Comments Off on Facebook blocks pages with TENS OF MILLIONS of views after CNN reports their ties to RT
Facebook has suspended several accounts operated by Maffick Media without prior warning, right after CNN ran a report about the company’s perceived ties to the Kremlin. In what seems to be a new step in the social media giant’s fight against perceived ‘Russian propaganda’, Facebook took down, without prior notice, several pages offering video content. Read More

Israel to withhold $138mn from Palestinian taxes it collects, citing support of prisoners

2 days ago DieselGasoil Comments Off on Israel to withhold $138mn from Palestinian taxes it collects, citing support of prisoners
Tel Aviv has decided to deduct some $138 million from the amount of taxes it collected on behalf of Palestine. It comes in retaliation to stipends the Palestinian Authority pays to families jailed over violent anti-Israeli crimes. The move was announced by the Security Cabinet of Israel on Sunday, as it decided to put into Read More

Private equity firms win over Scout24 with improved $6.4 billion bid

2 days ago DieselGasoil Comments Off on Private equity firms win over Scout24 with improved $6.4 billion bid
FRANKFURT (Reuters) – Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity. The investors said in a statement on Friday that Scout24’s management and supervisory Read More

Trump announces national emergency to get wall funding

4 days ago DieselGasoil Comments Off on Trump announces national emergency to get wall funding
Donald Trump has announced a national emergency at the US-Mexico border as he attempts to bypass Congress and get funding for his controversial wall. Speaking in the Rose Garden of the White House, the US president confirmed: “I’m going to be signing a national emergency.” Mr Trump said the wall was needed because “we have Read More

Trust in tailings? Vale dam disaster spurs investors into action

4 days ago DieselGasoil Comments Off on Trust in tailings? Vale dam disaster spurs investors into action
LONDON (Reuters) – Seeking assurances from Brazilian miner Vale by phone after a second deadly dam disaster in three years is not enough for Sasja Beslik. He plans to fly there himself to get answers. FILE PHOTO: The logo of the Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil Read More

If you can’t bit them, coin them: Bitcoin-skeptic JP Morgan reveals its own cryptocurrency

4 days ago DieselGasoil Comments Off on If you can’t bit them, coin them: Bitcoin-skeptic JP Morgan reveals its own cryptocurrency
Just a few weeks after JP Morgan declared cryptocurrencies like Bitcoin to only have value in a post-capitalist dystopia, the $2.5tn banking giant announced its own blockchain-based “JPM Coin” – should we be worried? While many cryptocurrency enthusiasts are both pained and confused to see the words “blockchain” and “corporate-payments” used in a sentence together, Read More

Russia will launch Arctic LNG 2 project even if US sanctions scare off investors – Finance Ministry

4 days ago DieselGasoil Comments Off on Russia will launch Arctic LNG 2 project even if US sanctions scare off investors – Finance Ministry
The US bill introducing new sanctions against Russia aims to sabotage the Arctic LNG 2 project, according to Russian Finance Minister Anton Siluanov. But Moscow will launch the project even if it has to do it on its own, he added. Earlier this week, US senators introduced a bill suggesting a wide range of sanctions Read More

Asian stocks retreat as lackluster China, U.S. data weigh

4 days ago DieselGasoil Comments Off on Asian stocks retreat as lackluster China, U.S. data weigh
TOKYO (Reuters) – Asian stocks fell on Friday, retreating from four-month highs after data out of China raised concerns over deflationary pressures building in the world’s second biggest economy. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato The bearish impulse appeared likely to be Read More

Malaysian court allows ex-Goldman banker to return to U.S. to face 1MDB charges

4 days ago DieselGasoil Comments Off on Malaysian court allows ex-Goldman banker to return to U.S. to face 1MDB charges
KUALA LUMPUR (Reuters) – Roger Ng, a former Goldman Sachs Group Inc banker caught up in the 1Malaysia Development Berhad (1MDB) fraud scandal, will be allowed to return to the United States to face criminal charges against him there, a Malaysian court ruled on Friday. A man walks past a 1 Malaysia Development Berhad (1MDB) Read More