Thursday, August 18News That Matters
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Tag: Keeps

Bitcoin keeps climbing after Tesla backing

Bitcoin keeps climbing after Tesla backing

Technology
Getty ImagesMuch talked-about cryptocurrency Bitcoin has continued to hit record highs having broken through $ 50,000 (£35,700) last week.On Sunday, Bitcoin hit another peak rising above $ 58,000 as it continues its strong momentum this year.The cryptocurrency has risen more than 90% since the start of January, pushing its total market value above $ 1tn.The recent spike has been fuelled by Tesla and other big companies accepting it as payment.However, Bitcoin has a track record of wild price swings and has fallen sharply a number of times since it was created in 2009.Bitcoin hits new record of $ 50,000Man has two guesses to unlock bitcoin fortuneBitcoin consumes 'more electricity than Argentina'Bitcoin started the year at roughly $ 28,900, according to figures from cryptocurrency news site...
Fed keeps rates unchanged. Here’s exactly what that means to you

Fed keeps rates unchanged. Here’s exactly what that means to you

Finance
The Federal Reserve's decision Wednesday to keep interest rates steady put the cap on a tumultuous year for consumers.After raising the federal funds rate nine times in three years, with the last hike just one year ago as financial markets were melting down, concerns about a slowing economy and a looming U.S.-China trade war then caused the U.S. central bank to reverse course and cut rates three times over the last five months.Meanwhile, everyday Americans have been caught in the middle.The Fed's recent moves impact consumers in many ways. On the one hand, lower rates have meant cheaper loans, which can impact your mortgage, home equity loan, credit card balance, student loan tab and car payments. But savers are also likely earning less interest on their savings accounts and, in some cases...

London keeps Uber on short license as it scrutinizes firm

Technology
London transport authorities have given ride-hailing firm Uber a two-month license with new safety conditions as it continues to scrutinize the company. Transport for London said Tuesday it issued the license to Uber firm as the U.S. tech company's 15-month license was set to expire. The authority said that over the next two months it will ask Uber for more information "to inform any future licensing decision." London transport officials had initially revoked Uber's license in 2017 but a court later granted the company a 15-month license, short of the five-year permit it had sought. Authorities had objected, among other things, to the company's failure to report serious criminal offenses and its use of technology to allegedly evade law enforcement officials.Let's block ads! (Why?) ABC Ne...
Many minorities avoid seeking credit due to generations of discrimination. Why that keeps them back

Many minorities avoid seeking credit due to generations of discrimination. Why that keeps them back

Finance
Image Source | DigitalVision | Getty ImagesFor many minorities in America, it's an all too familiar scene.An applicant who is a person of color and and applies for credit is either denied or gets much worse terms than a white borrower.In fact, an investigation by the National Fair Housing Alliance, a Washington D.C.-based nonprofit, found that 60% of the time, applicants who were people of color — and way more financially qualified than their white counterparts —nevertheless were offered higher-priced car loans, costing them an extra $ 2,662 each over the course of the loan. Sen. Bernie Sanders (I-Vt.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.) joined forces in May to introduce the Loan Shark Prevention Act to "combat the predatory lending practices of America's big banks and protect...
GCHQ reveals why it keeps some software flaws secret

GCHQ reveals why it keeps some software flaws secret

Technology
GCHQ has revealed how it decides which software vulnerabilities to keep secret. According to the agency's defensive arm, the National Cyber Security Centre (NCSC), the default position when a vulnerability is discovered is to try and get the flaws fixed - but this isn't always in the UK's interest.It was previously known that flaws might be kept secret to use the information to hack into the computers of national security targets - but the agency has now explained the checks and balances behind this.The process for how the UK handles vulnerabilities has been made public more than a year after the US published its own. The British document is considerably shorter than the 14-page one published by the Americans.It aims to ensure that achieving national security objectives is...