25th July 2018
A revamped Bank of England payments system should be able to hook up with fintech firms using distributed ledger technology (DLT), the central bank said on Monday in a boost to the development of blockchain in Britain. The BoE is aiming to revamp the system that underpins British banking and… Read More
24th July 2018
The operator of a shuttered bitcoin-denominated exchange pleaded guilty on Monday to federal charges that he defrauded investors and lied to U.S. securities regulators investigating the theft by hackers of virtual currency now worth about $46 million. Jon Montroll, 37, pleaded guilty to securities fraud and obstruction of justice before… Read More
20th July 2018
Technical and supply-chain issues with equipment made by Chinese firm Huawei have exposed Britain’s telecom networks to new security risks, a government report said on Thursday. The assessment, made in a report signed off by Britain’s GCHQ spy agency, will intensify the espionage debate around Huawei Technologies [HWT.UL], which has… Read More
16th July 2018
AP — A Greek court agreed Friday to extradite a Russian cybercrime suspect to France, a decision the Russian government protested and which could further sour relations between the two countries after Greece expelled two Russian diplomats. The court in the northern city of Thessaloniki ruled in… Read More
9th July 2018
AP — President Vladimir Putin on Friday called for closer international cooperation in fending off cyberattacks. Addressing a cybersecurity conference in Moscow, Putin said it’s important to develop common cybersecurity standards that take into account interests of all nations. He noted that cyberthreats have mounted around the world. “Cyberthreats… Read More
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