Business

ECB inches closer to 'digital euro'

The European Central Bank inched closer to a "digital euro" on Wednesday with the formal launch of a pilot project, but questions remain about potential pitfalls and benefits for eurozone citizens.

Business

Bitcoin tumble slows with help from Elon Musk

Bitcoin's value plunged on Wednesday after China signaled a new crackdown on the cryptocurrency, but its losses were cushioned after Tesla head Elon Musk spoke up on Twitter.

Business

China summons internet firms to warn over unfair competition

Financial regulators in China summoned 13 internet companies on Thursday to call for changes to their fintech operations, the central bank said in a notice, as Beijing ramps up scrutiny on monopolistic practices in the country's ...

Business

Chinese regulator orders Ant Group to conduct major overhaul

Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms.

Security

Casting a wide intrusion net: Dozens burned with single hack

The SolarWinds hacking campaign blamed on Russian spies and the "grave threat" it poses to U.S. national security are widely known. A very different—and no less alarming—coordinated series of intrusions also detected ...

Business

Electric carmaker Tesla invests $1.5 bn in bitcoin

Tesla helped push bitcoin to an all-time high Monday after the carmaker announced a $1.5 billion investment in the digital money and plans to accept the cryptocurrency from customers buying its electric vehicles.

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