Losses caused by crypto exchange hacks hit $927 million in the first nine months of 2018, already 250 percent higher than throughout all of 2017. Losses caused by cryptocurrency exchange hacks hit $927 million in the first nine months of 2018, already 250 percent higher than throughout all of 2017, Reuters India reports October 10. […]
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WhatsApp, Facebook’s messaging app that is trying to make inroads in the digital payments market in India, has created a system to store payment data locally in India. Reuters, citing a statement from WhatsApp, reported the company confirmed it built the system in response to India’s payment data guidelines. India has required companies to store […]
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The United Arab Emirates’ national securities regulator plans to introduce ICOs for capital markets in 2019, having approved their regulation under securities laws. The United Arab Emirates (UAE)’s national securities regulator plans to introduce Initial Coin Offerings (ICO) for capital markets in 2019, Reuters reported Oct. 8. Reuters notes that the regulator has embraced the […]
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The European securities watchdog is studying ICOs to see how it fits into existing regulation, as well as their impact on competition in the capital raising sector. The European Securities and Markets Authority (ESMA) has announced it is examining Initial Coin Offerings (ICOs) to determine how they should be regulated, Reuters reported Oct. 8. The […]
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Microsoft, the software giant, is expected to win antitrust approval for its $7.5 billion acquisition of GitHub, the coding website. Reuters, citing two people familiar with the matter, reported on Monday (Oct. 8) that the European Union will approve the deal with no conditions. Marking its largest acquisition since it acquired LinkedIn in 2016 for $26 billion, […]
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Walmart is partnering with Metro Goldwyn Mayer, the U.S. movie studio, to create content for Vudu, its video on demand service. CNBC, citing Walmart, reported the retailer has been looking for ways to boost Vudu, which it acquired eight years ago, as its subscriber numbers are far behind Netflix. The idea is to find ways to […]
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Law enforcement agencies and the military could benefit from blockchain as much as financial institutions do. Blockchain-based systems’ decentralized nature makes for their formidable resiliency to the outsiders’ attempts to infiltrate or take down such networks. Governments, law enforcement agencies and even military leadership around the world seem to be embracing a more blockchain-friendly way […]
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Digitally native retailers are testing out temporary brick-and-mortar locations to drive consumer engagement — and allow their customers to experience some of their selections in real life. Two eCommerce retailers in particular — Wayfair and Brandless — are planning to reach consumers with pop-up shops ahead of the busy holiday shopping season. Wayfair plans to […]
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Maduro has announced the official sale of the Petro starting in November, adding that the coin is about to be traded via six international crypto exchanges. Venezuelan president Nicolas Maduro has appeared on national television to announce the official launch of the national cryptocurrency Petro, according to a brief summary of his speech posted on […]
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Australian regulators on Tuesday (Sept. 25) criticized top banks in the country for what authorities called inadequate reporting of breaches of financial law. Reports in Reuters said the Australian Securities and Investments Commission (ASIC) announced the completion of its review into Australia’s top four banks and how they managed and remediated issues of non-compliance. The ASIC […]
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