Business

Elon Musk's move to buy Twitter faces roadblocks

Even for the richest person on the planet, buying Twitter was always going to be a challenge—a highly complex financial transaction now made even trickier by a defensive "poison pill" move from the platform's board.

Security

Suspect arrested in China digital yuan scam

Chinese police said Wednesday they have arrested a suspect in a digital currency scam who allegedly swindled thousands of dollars in one of the first such cases involving the central bank's new e-wallets.

Business

China's crypto-miners look abroad as regulators tighten noose

When a prefecture in northwestern China's Xinjiang region ordered a halt on cryptocurrency mining projects this month, Chris Zhu scrambled to move clients' machines southward, spending over a week to reassemble in Sichuan.

Business

Bitcoin proves double-edged sword for criminals

Regulators have repeatedly criticised the growth of cryptocurrencies such as bitcoin because of their popularity with criminals but the technology's transparent transactions can also work against law breakers.

Business

PayPal earnings soar on e-commerce boom

PayPal on Wednesday reported record quarterly profit as the online financial transactions service benefited from an e-commerce trend boosted by the pandemic.

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