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Quora Says About 100 Million Users Could Be Affected By Security Breach
.Quora said in an email to users and in a blog post by CEO Adam D’Angelo that about 100 million users may have been affected by a security breach that occurred on Nov. 30. D'Angelo indicated that the investigation into the incident is still ongoing and the responsible party has yet to be identified. Its internal security team is working with
SoftBank Will Forego IPO Price Range For Next Month's Offering
SoftBank has set an indicative share price of 1,500 yen for the initial public offering of its domestic telecom unit, becoming the first company in Japan to forego an IPO, as Reuters reports. That indicative share price could make the public offering worth 2.4 trillion yen ($21.16 billion), which would be one of the largest IPOs ever. Alibaba Group currently
EU to Review New Digital Tax Plan From France, Germany
Last month, the European Union announced the collapse of its plans to tax internet and tech giants like Alphabet Inc.’s (NASDAQ: GOOGL) Google and Facebook, Inc. (NASDAQ: FB). The alternative included specific national initiatives. Advancements within the negotiations are slated to be discussed this week, according to a new report. What Happened Paris and Berlin are set to present a
UBS Economist: Cryptocurrencies Are 'Fatally Flawed'
It's often said that you should never kick people when they're down, but does that same general rule of decency apply to cryptocurrencies? Apparently it doesn't, at least if you're UBS Wealth Management's global chief economist Paul Donovan. Even when Bitcoin was soaring toward record highs a year ago this month, Donovan remained skeptical, telling CNBC at the time that
SEC Charges DJ Khaled, Floyd Mayweather Jr. With Illegally Promoting ICOs
The Securities and Exchange Commission charged music producer DJ Khaled (real name Khaled Khaled) and boxing champ Floyd Mayweather Jr. with failing to disclose payments they received for promoting investments in a series of initial coin offerings (ICOs). Mayweather agreed to pay $300,000 in disgorgement, a $300,000 penalty, and $14,775 in prejudgment interest. Khaled agreed to pay $50,000 in disgorgement,
What You Need to Know About Marriott's Starwood Data Breach
Hotel chain Marriott International Inc (NASDAQ: MAR) confirmed Friday it has been a victim of a data security breach involving its Starwood guest reservation database. What Happened Marriott said in a regulatory filing it first became aware of a potential data breach Sept. 8, when an internal security tool flagged an attempt to access the reservation database. After tasking external
This Holiday Season, Make It Silver and Gold
Photo: Maor X | Creative Commons Attribution-Share Alike 4.0 International This Sunday evening marks the beginning of Hanukkah. The Jewish festival of lights commemorates the reclamation of the Holy Temple in Jerusalem from the Syrian-Greeks in the second century BCE. According to accounts, after Judah and his forces liberated the temple, he found only one jar of oil, good for
A Tale of Two “Stablecoins”: How Tether and Dai Track USD
Blockchain
Bears have taken an iron grip on the cryptocurrency market, sending the bitcoin price plunging below $5,000 to its lowest price of the year so far. Despite the weakness in the crypto market, many early adopters remain convinced that blockchain technology is the future of payments. One of the results of this dogmatic view has been the development of so-called
Playing the Long Game With Cryptocurrencies
Let's get this out of the way right here at the beginning: As we enter the final month of 2018, there is no reason to be optimistic about the prospects of Bitcoin, at least if for some reason you're still holding out hope for a turnaround in 2018. If your confidence in Bitcoin was already shaken by its dreadful performance
Apple is Launching Coding Camps For Women-Owned Startups
Apple announced that it will be launching quarterly coding camps for women who own app-driven startups, offering them the opportunity to participate in a two-week intensive training program with Apple engineers, designers and others. Apple's Entrepreneur Camp will accept 20 app companies for each quarterly program, with 10 startups slated to participate in its pilot that will launch in January.