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AT&T, trying to reassure investors it can capitalize on its big acquisition of Time Warner, plans to offer three versions of a new streaming video service next year that will feature original movies and television series from Warner Bros., Turner and HBO.
WSJ.com: US Business
A heartbreaking story out of Kentucky, where a father and his 3-year-old son died of apparent carbon monoxide poisoning Wednesday morning; the man’s 7-year-old daughter is in critical condition. Juvenal Garcia Mora, 39, was found unresponsive inside his garage but not in his car; the children were inside the car….
A conservative writer and associate of Trump confidant Roger Stone said Friday that he is in plea talks with special counsel Robert Mueller’s team. Jerome Corsi told the AP he has been negotiating a potential plea but declined to comment further. He said on a YouTube show earlier this month…
U.S. equity futures dropped alongside European stocks on Thursday in a subdued day of trading thanks to the American Thanksgiving holiday. The pound jumped and the euro strengthened after Britain and the European Union had a breakthrough over the Brexit deal.
U.S. markets were closed for the holiday…
Large groups of Central American migrants who trekked across Mexico and hope to seek asylum in the United States are starting to arrive in the border city of Tijuana. But their journey is far from over.
CNN.com – RSS Channel – Regions – Americas
In recent regulatory news, a Canadian court plans to take custody of $ 19.5 million of funds that Quadrigacx deposited with the Canadian Imperial Bank of Commerce before they were frozen due to competing ownership claims. Also, New York state regulators have granted the 14th Bitlicense to New York Digital Investment Group, and it has been alleged that the authorities in China have threatened to cut off electricity to miners in Yunnan Province for failing to pass compliance checks.
Provincial Court Takes Custody of Quadrigacx Funds
The Ontario Superior Court of Justice has moved to take custody of funds owned by Canadian cryptocurrency exchange Quadrigacx that were frozen by the Canadian Imperial Bank of Commerce (CIBC). The frozen funds include $ 69,000, as well as 25.7 million Canadian dollars ($ 19.43 million). The bank froze the money due to what it saw as competing claims to the funds.
“CIBC has met the onus of establishing that there is a real foundation for the expectation of competing claims with respect to the disputed funds,” said Judge Glenn Hainey, who is presiding over the case. He ordered CIBC to pay the disputed funds to the Accountant of the Superior Court to await the outcome of the proceeding.
New York State Grants 14th Bitlicense to NYDIG
The New York State Department of Financial Services has announced that NYDIG Execution, a subsidiary of New York Digital Investment Group (NYDIG), has become the 14th company to be granted a Bitlicense.
Robert Gutmann, the chief executive officer of NYDIG, stated: “NYDIG is pleased to receive these regulatory approvals and we look forward to providing secure and transparent liquidity, custodial and asset management services to the institutional market.”
China May Cut Power to Miners in Yunnan Province
Red Li, the co-founder of 8btc, recently posted a tweet suggesting that the Chinese authorities are ramping up compliance checks and tax inspections for mining farms. Li’s tweet stated that “mining facilities in Yunnan Province are facing another round of compliance check[s].” Li added that failure to adhere to the inspections would result in miners’ electricity being “cut off from the grid.”
The news follows the recent publication of a statement by an anonymous mining company claiming that its mines in China’s Guizhou Province and the Xinjiang Uyghur Autonomous Region have been temporarily suspended for tax inspections and to implement real-name registration processes.
How do you expect the dispute over Quadrigacx’s frozen funds to be resolved? Share your thoughts in the comments section below.
Images courtesy of Shutterstock
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
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Belgium’s former king has to undergo a paternity test. Per the Telegraph , a mandate just handed down by a Brussels appeals court will force King Albert II, who gave up his crown in 2013 so his son Philippe could sit on the throne, to have his saliva tested to see…
Italy’s political tensions with the European Union and the accompanying financial jitters are beginning to take a toll on the Italian economy, the latest data suggest.
WSJ.com: What’s News Europe
George Clooney and Rande Gerber hosted a wild Vegas Halloween party Saturday night, which began with the 2 men at the controls of a jet that flew partygoers from L.A. to Sin City. The guys took over Catch Las Vegas and converted the space into a…