5th July 2018
AP — When a CIA-backed venture capital fund took an interest in Rana el Kaliouby’s face-scanning technology for detecting emotions, the computer scientist and her colleagues did some soul-searching — and then turned down the money. “We’re not interested in applications where you’re spying on people,” said el Kaliouby,… Read More
29th June 2018
Banks and insurers should be wary of crypto assets, because they can be highly volatile and vulnerable to fraud, the Bank of England said on Thursday. Interest in cryptocurrencies like bitcoin surged last year as prices rocketed. Then they tumbled in recent months, triggering warnings from regulators across the world. Read More
27th June 2018
The central banks of Australia and New Zealand ruled out on Tuesday the notion that they would issue official cryptocurrencies anytime soon, warning the potential damage to their banking systems could outweigh the benefits. Tony Richards, head of the Reserve Bank of Australia’s (RBA) payments policy, said that bitcoin and… Read More
27th June 2018
AP — California state senators advanced a last-minute internet privacy bill Tuesday ahead of a deadline while acknowledging it would need changes if it becomes law. The bill would let consumers ask companies what personal data they collect and opt out of having their data sold, among… Read More
22nd June 2018
AP — A leading South Korean cryptocurrency exchange said Wednesday that $31 million worth of virtual currencies have been stolen by hackers, a latest in the series of recent hacks that raised security concerns. Bithumb, South Korea’s second-largest exchange, said cyberattacks from late Tuesday night to Wednesday morning led to… Read More
21st June 2018
Police have nabbed scores of individuals they believe are partly responsible for over 20,000 fraudulent transactions worth over EUR8 million. The fraud was conducted by professional fraudsters, skilled in e-commerce fraud, who set up fake online shops and bought and sold credit card data on the dark web, said Europol. Read More
20th June 2018
Banned former FIFA president Sepp Blatter arrived in Moscow on Tuesday to attend the football World Cup, posing for selfies with fans in a hotel lobby before a meeting his spokesman said is scheduled for tomorrow with President Vladimir Putin. Blatter, who led FIFA for 17 years, is currently serving… Read More
15th June 2018
The U.S. Commodity Futures Trading Commission on Thursday urged a federal judge to conclude that an obscure virtual currency called My Big Coin is a commodity subject to its oversight, saying it is no different than precious metals like gold. U.S. Judge Rya Zobel in Boston questioned a CFTC lawyer… Read More
14th June 2018
AP — Judicial authorities on Wednesday told the brother-in-law of Spain’s King Felipe VI that he must report to a prison within five days in order to serve five years and 10 months for fraud and tax evasion, among other crimes. Inaki Urdangarin, a former Olympic… Read More
13th June 2018
AP — A South Korean cryptocurrency exchange said Monday hackers have stolen about one-third of the coins traded on its market, an announcement that sent bitcoin prices tumbling to a two-month low. Coinrail said hackers stole cryptocurrencies over the weekend including Pundi X, Aston and NPER. It… Read More