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SEC investigates Coinbase, says it may have illegally sold unregistered securities
Coinbase is facing an SEC probe into whether it allowed users to trade digital tokens that should have been registered as securities.
Steve Dent07.26.2022
PayPal may offer a stock-trading platform in the US
PayPal is “exploring” the idea of allowing its users to trade individual stocks.
Igor Bonifacic08.30.2021
Coinbase fined $6.5 million over cryptocurrency trading claims
Regulators have fined Coinbase $6.5 million for allegedly misleading cryptocurrency buyers about trading volumes.
Jon Fingas03.21.2021
Social media bots may have fueled the GameStop stock frenzy
Social media bots may have played a part in the GameStop stock frenzy, according to a study.
Jon Fingas02.28.2021
Robinhood's Super Bowl ad won't let class-action lawsuits spoil the mood
Users hit the app with dozens of suits after it restricted trades on certain stocks.
Kris Holt02.03.2021
NYSE will temporarily move to all-electronic stock trading
If you thought it was incredibly risky to have legions of traders gather at the New York Stock Exchange in light of the COVID-19 pandemic, you're not the only one. Intercontinental Exchange is temporarily closing the physical NYSE floors in New York and San Francisco on March 23rd in favor of all-electronic trading. Business and regulatory oversight will carry on during the usual hours -- traders just won't get to use "open-outcry" (that is, the classic yelling) to buy or sell shares.
Jon Fingas03.18.2020
Uber's IPO went off amid outcry over labor conditions and wages
Uber's much-anticipated IPO happened this morning, with shares hitting the New York Stock Exchange under the symbol UBER. The IPO raised $8.1 billion, with shares set at $45 and the company valued at $82.4 billion. This comes amid outcry over Uber's low driver wages and a $1.1 billion profit loss in the first three months of 2019. According to The New York Times, the IPO was "less lofty" than expected.
Christine Fisher05.10.2019
E*Trade may offer trading for Bitcoin and Ethereum
Cryptocurrency traders might soon have an important ally. A Bloomberg source claims E*Trade is in the midst of work to enable trading cryptocurrencies, starting with Bitcoin and Ethereum. It would think about adding other currencies going forward, according to the tipster. It's not certain exactly when trading would open.
Jon Fingas04.28.2019
Spotify's public filing reveals key stats about the streaming giant
Spotify quietly signaled its intention to become a publicly traded company in December of last year, even though several lawsuits over licensing were looming. Now the streaming service has filed for a direct listing on the New York Stock Exchange, an alternative to the more typical initial public offering (IPO) that offers the company a savings on underwriting fees and a dilution of existing shares.
Rob LeFebvre02.28.2018
South Korea will regulate, not ban, cryptocurrency trading
South Korea has no plans to ban cryptocurrency trading, according to government authorities. The announcement follows reports earlier this month that the country was considering shutting down trading because of tax evasion, which led to massive disruption on trading platforms around the world. However, the government does plan to tighten regulation and crack down on illegal practices within the area.
Rachel England01.31.2018
South Korea may ban cryptocurrency trading amid fears of tax evasion
In a move that's sent bitcoin spiralling, officials in South Korea have announced plans to ban cryptocurrency trading in the country, though it would take time before such a ban in implemented. The plans come against a backdrop of concerns regarding tax evasion, as cryptocurrency trading in the country is highly speculative and similar to gambling. Many currencies, such as bitcoin and ether, are priced much higher in South Korea's exchanges than elsewhere in the world. Industry data provider CoinMarketCap has even begun excluding some South Korean exchanges in its calculations "due to extreme divergence in prices from the rest of the world".
Rachel England01.11.2018
SEC suspects hackers used stolen insider info for trading
US Securities and Exchange Commission chief Jay Clayton has made a couple of security-related revelations in his recently published "Statement on Cybersecurity." He admitted that an attacker infiltrated the agency's EDGAR database in 2016 by exploiting a software vulnerability to gain access to non-public info. SEC patched the flaw as soon as it was discovered, but it found out just last month that the attackers may have used the insider information they stole to profit from financial trades.
Mariella Moon09.21.2017
For the first time, bitcoin is more valuable than gold
Today marked a weird but auspicious moment in human history. The value of a single bitcoin, the most mainstream of cryptocurrencies, surpassed the price of one ounce of gold. While that's specifically due to a good trading day for the former and slightly bad one for the latter, resulting in a moment where a loosely-comparable unit of bitcoin value topped that of gold, both have been trending toward this point for awhile.
David Lumb03.03.2017
New stock exchange fights unfair online trading
Some (such as The Big Short author Michael Lewis) see high-frequency, algorithm-based stock trading as a serious threat to the economy. There's a concern that big trading firms are cornering the market by paying for ultra-fast connections that give them unfair advantages, such as front running (exploiting knowledge of advance orders from customers) and otherwise closing transactions before most rivals. Those financial heavyweights might not get to abuse the system if IEX has its way, though. It just opened a US stock exchange that aims to prevent these computer-driven attempts to game the system.
Jon Fingas08.21.2016
Trade off unwanted 'Rocket League' gear for hats and profit
Cross-platform play is getting some fresh company with the new additions coming to the soccer-meets-vehicular-mayhem of Rocket League. As part of the game's next update, the developers at Psyonix say they're adding "rare" and "very rare" items (hats, paintjobs, etc..) that will augment a particular skill of yours. More than that, if you build up a collection of gear that you'd rather not use any more, have countless duplicates of or have found more powerful/uncommon versions of, soon you'll be able to trade items in for more prestigious implements.
Timothy J. Seppala06.06.2016
Trading stopped on New York Stock Exchange due to 'technical issue' (update)
It has been quite a day for tech problems. Trading on the New York Stock Exchange was halted due to a "technical issue" at around 11:30 AM ET this morning. On its status page, the NYSE posted that all trading had been suspended and any open orders would be cancelled -- with a more detailed explanation to follow. A NYSE spokesperson told Forbes that the stoppage came after the exchange "experienced a technical issue" that it's "working to resolve as quickly as possible." An hour before trading stopped, the NYSE reported a problem had been fixed concerning order acknowledgements and connectivity issues. NYSE Arca and NYSE Amex/Arca Options appear to be untouched by the larger issue as they are continuing to operate normally.
Billy Steele07.08.2015
RuneScape debates auction halls on retro servers
The old school servers for RuneScape are something of a community experiment. Yes, the servers are meant to keep a classic feeling alive alongside the modern game, but they're also meant to be fun for the players. This is why the developers have opened up a thread for discussing whether or not to bring the Grand Exchange on to the old school servers, with a detailed explanation of the potential benefits and drawbacks. Some of the features available in the Grand Exchange on the "main" version of the game would not necessarily be available on the old school site due to technical limitations. It would, however, replace the Trading Post while still leaving the game's normal trade interface untouched. If you're an old school gamer who wants to sound off on the matter, take a look at the thread and figure out what would best serve the community. That's why it's up for discussion, after all.
Eliot Lefebvre01.12.2015
Changes to Steam gift rules aim to deter resellers
Were you planning to purchase a game on Steam and then trade said game for another this holiday season? Well, you may want to plan ahead. Valve changed the rules regarding how Steam users can trade games purchased as gifts this week, making gifted titles untradeable for 30 days. "All new games purchased as a gift and placed in the purchaser's inventory will be untradeable for 30 days," Valve wrote in a recent announcement post. "We've made this change to make trading gifts a better experience for those receiving the gifts. We're hoping this lowers the number of people who trade for a game only to have the game revoked later due to issues with the purchaser's payment method." In other words, this is an attempt to curb the number of people who purposefully use fraudulent payment details to buy Steam keys in bulk and sell or trade them away, as users who purchase or trade for such a game have their access revoked once the payment fails. A gift that is not being traded can still be gifted at any time, Valve clarifies in the post; the only change is to how trades function. [Image: Valve]
S. Prell11.30.2014
Lost Continent: Lucking into a breezy ArcheAge bungalow
My ArcheAge avatar is pretty fortunate. Last Friday night he became the proud owner of a breezy bungalow, which is that big bamboo marine house that you've probably seen in screenshots, videos, and the like. The bungalow's blueprint costs a whopping 300 gilda stars -- i.e., no small amount for a guildless guy like me who mostly duos his way through Haranya. I'd managed to save 250 of the character-bound gilda by doing various dailies over the past several weeks, but I had a few days to go before I'd finally be able to afford the plans. How did I come up with the balance ahead of schedule, not to mention the boat load of materials required to actually build the house? That's an interesting story, and it's another example of how ArcheAge's mechanics are a necessary breath of fresh air in a stale genre.
Jef Reahard11.16.2014
Lost Continent: Living a fisherman's life in ArcheAge
Fifteen years ago, I was floundering around southern Florida in a rudderless post-graduation haze. I rented this dinky apartment across US1 from the University of Miami, and my summers were equally divided between a series of forgettable jobs and a series of lengthy fishing excursions around the Keys and out into the Atlantic. The fishing was basically something to do; I didn't dislike it, but neither did I wake up thinking wow, I can't wait to get that gooey chum all over my shorts and bake in the sun for 10 hours. Now, in an odd but enjoyable art-imitating-life moment, I'm revisiting the experience in ArcheAge.
Jef Reahard10.24.2014