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This article originally appeared on Bitcoin Magazine.

Restoration of cryptocurrency trading on Zimbabwe bitcoin exchange Golix will take longer than expected as the company says it is still working on having its bank accounts reopened while also awaiting finalization of regulatory issues regarding virtual currencies in the country. Golix is one of two major cryptocurrency exchange platforms in Zimbabwe, the other being

The post Cryptocurrency Trading Halted in Zimbabwe Despite High Court Ruling appeared first on CCN

This article originally appeared on Bitcoin Magazine.

• A New York Times investigation found after uncovering a chain of confidential internal communications that Purdue Pharma knew that its opioid drugs were being abused in 1996 shortly after they came on the market.
• In 2007, Purdue Pharma pleaded guilty to "misbranding" its drug as less addictive than shorter-lasting painkillers. 
• Earlier in 2018, Purdue said it would cut down its sales force and enforce measures to both reduce the amount of excess drugs in circulation and make drugs with more "abuse-deterrent" properties. 

The US is currently in the throes of an opioid crisis. 

There were more than 42,000 deaths attributed to opioids in 2016, and 40% of all opioid overdose deaths involve prescription opioids. 

One of those prescription opioids, OxyContin, was first introduced to the market in 1996. In the few years following its launch, OxyContin-maker Purdue Pharma received numerous reports and tips that the drug had been circulating in the underground scene and was being widely abused, according to a New York Times investigation.

Purdue Pharma denied knowing anything about the abuse until the early 2000s, but a confidential Justice Department report showed that the drugmaker was notified by several researchers and knew about the abuse shortly after OxyContin hit the market, the Times story said. 

Despite the warnings and complaints, the company concealed such knowledge and continued to market the drug as less appealing to drug abusers and less addictive than normal opioids, according to the Times story. 

"Suggesting activities that last occurred more than 16 years ago, for which the company accepted responsibility, helped contribute to today’s complex and multi-faceted opioid crisis is deeply flawed," said Purdue representative Robert Josephson in an email statement. "The bulk of opioid prescriptions are not, and have never been for OxyContin, which represents less than 2% of current opioid prescriptions. As government reports state, today’s increase of fatal opioid-related overdoses is being driven by abuse of heroin and illicit fentanyl." 

According to the Centers for Disease Control and Prevention, the "economic burden" of prescription opioid misuse alone in the United States is $78.5 billion a year. The National Institute on Drug Abuse says that the value accounts for costs of healthcare, lost productivity, addiction treatment, and criminal justice involvement. 

The prescription drug abuse had its roots in the late 1990s, according to NIDA, when drug companies told the medical community that patients would not become addicted to prescription opioid pain relievers. This caused healthcare providers to prescribe these drugs at a higher rate. Later though, it became evident that opioids like OxyContin were in fact highly addictive and were becoming widely misused. 

The Times uncovered a series of internal communication spanning all the way back to 1996 that found Purdue was complicit in overlooking the dangers OxyContin posed. In May 1996, a study was sent to both Purdue's owner and general counsel alerting them about how drug abusers were extracting morphine from the MS Contin tablets. By 1997, Purdue was aware that OxyContin had become a hotly searched topic online and was especially popular in the underground drug scene. At that time, the company also started receiving numerous reports about abuse, addiction and crimes related to the drug. Examples included local newspaper articles about doctors refusing to prescribe more drugs because of high demand, as well as arrests tied to those purchasing the drug illegally.

Without conducting clinical trials, the FDA permitted Purdue in late 1995 to make the claim that its drug "was believed to have" less appeal to abusers based on a theory that drug abusers preferred the "quicker hit" of shorter-lasting painkillers. Purdue proceeded to center its marketing campaign around that statement. 

In 2007, Purdue Pharma pleaded guilty to "misbranding" the drug and settled after top Justice Department officials  decided not to move forward with felony charges. Purdue admitted that it had "trained sales representative to tell doctors that OxyContin was less addictive and prone to abuse than competing opioids," The Times reported. 

In February 2018, the drugmaker said it would cut its sales force in half and cease promotion of opioids to physicians. In a statement posted on Purdue's website, as part of their "multifaceted approach to address the prescription opioid abuse crisis," Purdue said it would take action to reduce opioid abuse by limiting the length of first opioid prescriptions and thinking of ways to make opioids with abuse-deterrent properties, such as making them harder to crush.

SEE ALSO: Explosive '60 Minutes' investigation finds Congress and drug companies worked to cripple DEA's ability to fight opioid abuse

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The post bitcoinClean – the First Eco-Friendly Cryptocurrency appeared first on CCN

A website has been created that estimates the cost of a 51% attack on different cryptocurrencies, allowing attackers to maliciously double spend, meaning to spend the same balance twice. The site developer who goes by /u/xur17 on Reddit spoke to CCN about their motivation for creating the site: “There was an attack against Bitcoin Gold a

The post Website Outlines The Cost of 51% Attack on Altcoins: It’s Lower Than You Think appeared first on CCN

A website has been created that estimates the cost of a 51% attack on different cryptocurrencies, allowing attackers to maliciously double spend, meaning to spend the same balance twice. The site developer who goes by /u/xur17 on Reddit spoke to CCN about their motivation for creating the site: “There was an attack against Bitcoin Gold a

The post Website Outlines The Cost of 51% Attack on Altcoins: It’s Lower Than You Think appeared first on CCN

• Airbus Corporate Jets introduced the new Harmony interior design concept on Monday.
• The Harmony cabin is designed for private jet variants of the Airbus A330neo and A350XWB wide-body airliners.
• The interior features multiple VIP guest suites as well as a spacious central lounge.

Airbus Corporate Jets or ACJ debuted its new Harmony interior design concept on Monday. The new Harmony interior is designed for customers who order the private jet variants of the company's A330neo and A350XWB wide-body airliners.

"Harmony is a timeless and elegant design concept because we dare to break the conventions that are traditionally imposed on us as cabin designers," ACJ's head of creative design, Sylvain Mariat said in a statement. "Our creativity needs to be unique to fit the needs of our customers, as befits a host receiving their guests in their 'world above the world.'"

And harmony is exactly what this interior tries to deliver. The central design motif found throughout the cabin are concentric circles that are meant to resemble ripples on a pond.

The ACJ330neo and ACJ350XWB jets equipped with the Harmony interior will be treated to a master bedroom with attached office and bathroom. There are also four VIP guest suites — all with ensuite offices that can be converted into additional bedrooms. There's also a roomy lounge where passengers can meet. 

Upon entry into the cabin, everyone is greeted by a holographic globe that pinpoints the plane's exact location. 

The Airbus A330neo family carries a list price of $259.9 million for the Dash-800 and $296.4 for the larger Dash-900. While the A350XWB family ranges from $280.6 million for the Dash-800 up to $366.5 million for the Dash-1000. 

All prices are for the aircraft excluding the Harmony interior. Airbus was not immediately available for comment on the cost of the interior. 

ACJ's aircraft are deployed in a variety of settings ranging from wealthy individuals to use by corporations and heads of state.

SEE ALSO: I flew on the cheapest private jet in the world and it's truly a game changer

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This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Zerocoin is an exciting new offshoot of the world famous cryptocurrency, Bitcoin. The new alternative to Bitcoin promises even more security through truly anonymous transacting, as well as

The post How to Earn Money – While You Play Casino & Betting Games? appeared first on CCN

Foreign exchange brokerage Currencies Direct successfully completed several international transfers using Ripple's xRapid product.

The US Securities and Exchange Commission are holding the SEC Investor Conference in Atlanta this year on June 13 at Georgia State University. There will be a town hall event followed by break-out events wherein attendants can meet with members of the SEC for a more informal discussion on issues regarding regulation in the world … Continued

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Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.

Goldman is moving into an unglamorous part of banking

Goldman Sachs is quietly building out a business in a humdrum area of the market that helps big corporations manage and move their money. It's a far cry from the Wall Street bank's traditional business of advising companies on mergers and acquisitions and helping them raise capital.

The project is the latest in a series of Goldman moves into basic banking that have left many on Wall Street scratching their heads. Long known for its expertise in trading derivatives, advising on takeovers and managing money for the super wealthy, the bank has sought to diversify by capitalizing on a banking charter received during the financial crisis.

Read more about what Goldman is building here. 

Crypto is staging a comeback

Crypto markets are making a big comeback as political uncertainty grips Italy and Europe.

At the time of writing, a number of major cryptos were sporting big gains, including ethereum and bitcoin cash. Bitcoin, the largest cryptocurrency by market capitalization, was trading up 4.8% at $7,446 a coin, according to Markets Insider data.

Here's our story.

Designers at SoFi and Robinhood explain how they trick users into actually saving (and making) money

Personal finance apps like SoFi and Robinhood have gained traction with customers — especially millennials — thanks to the ease with which they let users sock money away, save towards big goals, and make big purchases more possible.

At the heart of their success: A good product which combines smart design with financial psychology to convince users to meet the goals they set for themselves.

Here's how the best companies in fintech design their apps to convince users to save and make money.

Trump tough talk on China continues 

The Trump administration on Tuesday moved forward with restrictions on Chinese investment in the US and tariffs on $50 billion worth of Chinese goods despite talks that seemed to alleviate trade tensions between the two countries.

The White House announced Tuesday that the crackdown on Chinese trade would take effect in June. It said the final list of goods subject to a new 25% tariff would be released June 15, with more details on investment restrictions coming by the end of the month.

In markets news

• A risky part of the market has swelled beyond financial-crisis levels — and it could make the next meltdown a whole lot worse
• Investors with trillions at stake are 'gorging like pigs at the trough' — and the smallest misstep could make a painful crash even worse

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Earlier today, on May 29, the bitcoin price dropped to $7,040, to its new monthly low. Since then, BTC has recovered to $7,450, but regardless of the newly formed optimism in the market, it is still too early to conclude the start of a new bull market. Weak Volume As CCN reported throughout late May,

The post Bitcoin Price Rebounds From $7,040 to $7,450 but Bulls Yet to Turn Up appeared first on CCN

This article originally appeared on Bitcoin Magazine.

• Bitcoin is making a big comeback Tuesday morning as political uncertainty out of Italy grips financial markets. 
• The cryptocurrency was trading up 4.8% at $7,446 a coin.
• Watch bitcoin trade in real time here. 

Crypto markets are making a big comeback as political uncertainty grips Italy and Europe. 

At the time of writing, a number of major cryptos were sporting big gains, including ethereum and bitcoin cash. Bitcoin, the largest cryptocurrency by market capitalization, was trading up 4.8% at $7,446 a coin, according to Markets Insider data. 

Bitcoin rallied close to $10,000 soon after the close of Tax Season in the US, but is down by more than $2,000 since the beginning of May. 

Market observers noted that Tuesday's rally was occurring at the same time as political uncertainty in Italy gripped financial markets.

"Bitcoin finally catches a bid after Italian 2-year yield spikes 155bps – Italy’s new 5 Star party threatens exit from Eurozone which has once again put the Idea of a Euro breakup in the forefront of investors minds," John Spallanzani, a portfolio manager at Miller Value Partners, said in an email to Business Insider. 

A deepening political crisis in the eurozone's third-largest economy, Italy, has been wreaking havoc in global markets Tuesday amid fears of renewed turmoil in the single-currency area.

On Sunday, Italy's president Sergio Mattarella declined to accept the nomination of euroskeptic Paolo Savona as economic minister. A national election in March resulted in a hung parliament and Italy has been running without a ruling government. 

Outside of crypto, gold - which is often considered a safe-haven asset - rallied earlier Tuesday, but has given up those gains. 

"To an extent, I think its good to see Bitcoin rallying with Gold, as the adverse developments in Italy and globally are pushing investors to risk-off," Tom Lee, the head of Fundstrat Global Advisers, said in an email. "It’s good to see Bitcoin as an uncorrelated trade on a risk off day."

Still, Lee pointed to market technicals as a key factor behind the crypto rally. 

"I think weekend trading can create a lot of noise, especially over a long weekend, given poor liquidity, absence of active traders (especially holiday weekend) and therefore investors can try to exploit that lack of liquidity," Lee said.

"So in some ways, Bitcoin’s bounce today is a relief and supported by technicals as well."

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Bitcoin payroll firm Bitwage has launched an advisory company aimed to make it easier for companies to launch token sales.

Bitcoin is down again and looks set to test another key support level at $6,900, the technical charts indicate.

The lightning network is still new, but a group of its devs are already thinking about an alternative technology to better protect users' funds.