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Monthly Archives: January 2018

Spotify hit with $1.6 billion copyright lawsuit

Andrew Burton | Getty Images Daniel Ek, CEO and Founder of Spotify Music streaming company Spotify was sued by Wixen Music Publishing Inc last week for allegedly using thousands of songs, including those of Tom Petty, Neil Young and the Doors, without a license and compensation to the music publisher. …

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North Korea says it will reopen cross-border communications

KCNA | Reuters North Korea’s leader Kim Jong Un is seen during the inspection of a potato flour factory in this undated photo released by North Korea’s Korean Central News Agency (KCNA) in Pyongyang December 6, 2017. The announcement, which came on a North Korean state radio address monitored by …

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Fugitive Vietnamese tycoon remains in Singapore, lawyer says

Nicky Loh | Bloomberg | Getty Images A tourist boat travels past the city skyline in Singapore, on July 12, 2017. A Vietnamese tycoon detained in Singapore last week remains in the city-state, one of his lawyers said on Wednesday, easing his family’s immediate fears that he could face the …

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Vice suspends 2 top execs after sexual misconduct report

Astrid Stawiarz | Getty Images Andrew Creighton, President of VICE Media Group and Shane Smith, Founder of VICE pose for photos during the Vice.com Launch Party at Skylight One Hanson on September 15, 2011 in Brooklyn, New York. Vice has suspended two top executives after a New York Times report …

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E-Trade begins CME bitcoin trading as of Tuesday evening

Alain Pitton | NurPhoto | Getty Images As bitcoins skyrocket to more than $12 000 for one BTC, many central banks as ECB or US Federal Reserve warn of risks of a bubble. E-Trade Financial has opened trading in CME bitcoin futures for customers beginning at 6 p.m. ET on …

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GOP Rep. Bill Shuster, transportation panel chairman, to retire

Cheriss May | NurPhoto | Getty Images Rep. Bill Shuster (R-PA), Chairman, House T&I Committee, holds up strips of paper air traffic controllers currently use, as he speaks at President Donald Trump’s event announcing the Air Traffic Control Reform Initiative in the East Room of the White House, on Monday, …

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CEO of soaring ‘blockchain’ stock sells about $870,000 worth of the shares

The head of a small biotech company-turned-crypto has made hundreds of thousands of dollars in stock sales already. John O’Rourke, president, CEO and chairman of Riot Blockchain, disclosed in a Friday filing with the U.S. Securities and Exchange Commission that he sold 30,383 shares at a weighted average price of …

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Bitcoin could boost Japan’s GDP, Nomura analysts say

Japan’s bitcoin craze could help the country’s economic growth, research analysts at Nomura Instinet said. “We estimate the wealth effect from unrealized gains on Bitcoin trading by Japanese investors since the start of [2017], and estimate a potential boost to consumer spending of ¥23.2 billion to ¥96.0 billion” ($206.7 million …

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Sen. Orrin Hatch plans to retire

Andrew Harrer | Bloomberg | Getty Images Senator Orrin Hatch, a Republican from Utah and chairman of the Senate Finance Committee. Hatch highlighted what he deemed some of his most significant achievements in Congress: playing a role “in the creation of the modern generic drug industry, the passage of the …

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Iran protests feel different, ‘almost populism on the move,’ says former NATO commander

Ben Stansall | AFP | Getty Images Protesters gather outside the Iranian Embassy in central London on January 2, 2018, in support of national demonstrations in Iran against the existing regime. The protests are the boldest challenge to Iran’s clerical leadership since 2009, when a disputed presidential election prompted millions …

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