News > FinTech

Hacker Extorts World’s Largest Bitcoin Exchange Over KYC Data
Binance, the world’s largest cryptocurrency exchange by trading volume, recently revealed that it has been targeted by an extortionist seeking “300 BTC in exchange for withholding 10,000 photos that bear similarity to Binance KYC data.” The Malta-headquartered exchange refused to cooperate with the hacker, and as such, a shedload of the photos have been released, including several hundred that he
Apple Card – Trailblazer Or Just Another Brick In The Wall?
FinTech
Recent rumblings about the Apple Card and its inability to fund online gambling and crypto transactions seem to put the brand in a funky spot. Not only does the move not match Apple’s identity as an innovator, but also actively works against the unorthodox model it was built on. Image source: YouTube Video Screenshot Bryce Daifuku, CEO and founder of
Report: State-Backed Hackers Are Targeting Crypto Firms
Here’s something interesting. FireEye, a California-based cybersecurity company, says with “high confidence” that Chinese government hackers have been attacking crypto firms (PDF). The hackers, called APT41, have been active since 2012 and initially targeted video game companies for financial gain. FireEye, however, claims that the group has since expanded to state-sponsored activity alongside its own financially motivated operations. As with
Colorado Has A Unicorn: Digital Payment Company Ibotta
FinTech
Ibotta, the company behind the mobile shopping app that bears its name ("I bought a ... "), has reached unicorn status after confirming a Series D financing round at a roughly $1-billion valuation. What Happened The latest round of financing makes Ibotta one of the fastest-growing consumer tech companies in its home state of Colorado, Ibotta said in a Tuesday press release. The amount
Samsung Amps up Blockchain Dapp Arsenal With Over a Dozen New Apps
In an effort to stay ahead of the competition, Korean electronics giant Samsung has added over a dozen new apps to its blockchain dapp store, writes CoinDesk: Launched in March 2019, Samsung’s online dapp store, Blockchain Keystore, has grown from an initial four applications to a total of seventeen. The four original dapps included a password wallet, a game, a
Trade Wars Or Crypto Whales? What’s Behind The Latest Price Surge
With all the talks of retaliatory trade wars, turmoil in Hong Kong, and global markets on the downswing, it’s hard to pinpoint why crypto prices are surging at the moment. But Tom Maxon, CoolBitX’s head of U.S. operations, believe it has less to do with macro conditions and more to do with crypto whales taking advantage of the market momentum.
Apple, Goldman Sachs To Launch Credit Card In August
FinTech
Earlier this week, Apple Inc. AAPL said it plans to launch its credit card this August, in partnership with Goldman Sachs GS 0.02%, the provider of the underlying software tools necessary for the undertaking. Apple CEO Tim Cook said the Apple Card will allow users the ability to transact via their phones or a titanium credit card, both of which are
NexChange Interview Series: Dr. Larry Sanger (Part 2/2)
In this episode of the NexChange Interview Series, we have Part Two of our exclusive interview with Wikipedia co-founder Dr. Larry Sanger. In Part One, Dr. Sanger shared his thoughts on Wikipedia and his current blockchain-based project, Everipedia. Here, Dr. Sanger talks about blockchain, decentralization, and tokenization. Have a gander: Transcript: Olga Yaroshevsky: Do you think that blockchain is able
Why Facebook’s Libra Cryptocurrency Launch May Never Happen
Image source: Facebook Newsroom Facebook excited the cryptocurrency market last month by announcing plans to launch Libra, its own blockchain-based payment system. Since then, numerous concerns have been raised in multiple countries, and now a regulatory document even states that Facebook’s Libra cryptocurrency launch might never happen. Facebook said in its latest quarterly report to the Securities and Exchange Commission
Hong Kong Awards Digital Asset Custody License to Aegis Custody
After handing out a handful of virtual banking licenses, Hong Kong has issued its first digital asset custodian license. Aegis Custody, a Fosun-backed digital asset financial services company, has had its digital asset custody business licensed by the Hong Kong Companies Registry of Trust and Company Services Providers, according to a statement. The company’s Founder and CEO, Serra Wei, said