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Fed ‘Lapse’ Details Emerge In Bangladesh Bank Heist Case

PYMNTS

Even before the hacking was publicly reported, the Fed reportedly blocked $850 million in transactions (30 transactions) because they lacked the necessary credentials. Bangladesh officials are reportedly bringing in legal support “to establish precise grounds of initiating lawsuit claiming recompense.”

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Foot In Mouth: 37 Quotes From Big Corporate Execs Who Laughed Off Disruption When It Hit

CB Insights

Currencies have legal support. Companies like Wealthfront and Betterment believe their computer algorithms will be better at investing customers’ money than personal financial advisers. But some finance professionals are not believers. “It’s worse than tulip bulbs,” Dimon said of bitcoin. It will blow up.”

Bitcoin 65
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Foot In Mouth: 43 Quotes From Big Corporate Execs Who Laughed Off Disruption When It Hit

CB Insights

Currencies have legal support. Companies like Wealthfront and Betterment believe their computer algorithms will be better at investing customers’ money than personal financial advisers. But some finance professionals are not believers. “It’s worse than tulip bulbs,” Dimon said of bitcoin. It will blow up.”

Bitcoin 78