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Jan 30
2019

Research Reveals $1.7 Billion Obtained via Crypto Thefts and Scams in 2018

About $1.7 billion in cryptocurrency had been obtained via illicit means in 2018, according to research published by crypto analytics company CipherTrace on Jan. 29. Of that $1.7 billion, over $950 million was stolen from crypto exchanges, representing a 3.6 times increase over 2017. On the other hand, at least $725 million was lost in […]

Jan 30
2019

Gaza's Ruling Group Hamas Seeks Funding in Bitcoin to Combat Financial Isolation

The militant arm of Hamas — the de facto ruling authority of the Gaza Strip in Palestine — has appealed to its supporters to send it funds using Bitcoin (BTC). The appeal was made via the official Telegram channel of Abu Obeida, a spokesman for Hamas’ Izz ad-Din al-Qassam Brigades, on Jan. 29. Hamas — which comprises […]

Jan 30
2019

Singapore: Regulator Warns of Online Scam Claiming Gov’t Adoption of Crypto

The Monetary Authority of Singapore (MAS) has warned the public against an alleged scam claiming that a cryptocurrency is officially adopted by the government, according to an official statement on Jan. 29. MAS, which is both Singapore’s central bank and the country’s financial regulator, writes that the fraudulent scheme is being spread through websites that […]

Jan 30
2019

Wikimedia Foundation Partners With Payments Provider BitPay to Accept BTC, BCH Donations

United States crypto payment processor BitPay and the non-profit and charitable organization that operates Wikipedia, the Wikimedia Foundation, have partnered to accept crypto donations, according to the official press release published on Jan. 29. The Wikimedia Foundation had already accepted Bitcoin (BTC), but the aim of the new partnership with BitPay is to be able to accept […]

Jan 30
2019

Boeing speeds 787 line to prepare for output of 14 jets a month

SEATTLE/PARIS (Reuters) – Boeing (NYSE:BA) Co has started boosting 787 Dreamliner production to 14 jets a month from 12, Chief Executive Dennis Muilenburg said on Wednesday, putting the U.S. planemaker within reach of a key target designed to boost cash and lower costs. It expects to complete the increase in production in the second quarter, […]

Jan 30
2019

Cruise Companies Rise Midday After Royal Caribbean Earnings Beat

Investing.com – Cruise companies rode the wave on Wednesday as positive earnings outlook for Royal Caribbean Cruises (NYSE:RCL) helped drive the sector higher in midday trading. Royal Caribbean jumped 6.6% after it reported adjusted earnings per share of $1.53 on revenue of $2.33 billion. The company forecast its first-quarter net yield to increase 7.5% to 8%, which is key […]

Jan 30
2019

AT&T's wireless customer growth slows, revenue misses estimates

By Sheila Dang and Akanksha Rana (Reuters) – AT&T Inc (NYSE:T) reported slower wireless customer growth and larger declines in its pay-TV business than Wall Street expected, sending its shares down 4 percent on Wednesday. The second-largest U.S. wireless carrier by subscribers has turned its focus to paying down debt after spending $85 billion to […]

Jan 30
2019

Luxury stocks may yet lose luster despite China's taste for Vuitton

By Sarah White PARIS (Reuters) – Even if LVMH is right that Chinese demand is as strong as ever for items like its $3,150 Louis Vuitton mini-backpacks, there are still plenty of danger signs for luxury stocks this year, from slowing U.S. growth to a drop in Swiss watch exports. LVMH’s reassuring fourth-quarter performance and […]

Jan 30
2019

Offtakers face challenge as Asia demand lags surging U.S. LNG output

By Sabina Zawadzki VIENNA (Reuters) – Surging production of U.S. liquefied natural gas (LNG) and slower growth of demand in Asia this year could leave companies that have committed to long-term purchase contracts struggling to find markets. Several European and Asian utilities have signed up to long-term deals for U.S. LNG that last 10 to 15 years. […]

Jan 30
2019

Boeing shares soar on profit, aircraft forecast

By Ankit Ajmera and Eric M. Johnson (Reuters) – Boeing (NYSE:BA) Co raised its profit and cash flow expectations for 2019 on Wednesday, sending shares up more than six percent amid a boom in air travel and speedier 737 production. Chicago-based Boeing said it expects to deliver between 895 and 905 commercial aircraft in 2019, […]