Bitcoin investors aren’t having a happy new year, as the price of the cryptocurrency continues to slide from its record pre-Christmas highs. In what was generally a slow day of trading, bitcoin dropped as much as 9 percent, to $13,440, as of 4 p.m. EST, with the price showing little movement since, sitting at $13,462 as ...

High-end smart lock maker Otto LLC is no longer. The company closed its doors last week after failing to raise new financing to allow it to bring its product to market. Founded in 2013 by former Microsoft Corp. Vice President Sam Jadallah, Otto was aiming to bring to market a smart lock that married technology with high-end style. Its first ...

There is a new heir apparent in the cryptocurrency world. Ripple, or XRP, a cryptocurrency established by Ripple Labs Inc., surpassed Ethereum in trading New Year’s Eve to become the second-largest coin or token behind bitcoin by market capitalization. Ripple Labs was founded in 2012 with XRP being released in August 2013 as a cryptocurrency ...

Fast-fashion retailer Forever 21 Inc. is not starting the new year with a cheer, as the company confirmed in the closing days 2017 that it had its retail point-of-sale terminals hacked and customer data stolen. The hack was disclosed in November and occurred because Forever 21 failed to encrypt its POS terminals. Forever 21 didn’t specify how many ...

Ethereum founder Vitalik Buterin is not impressed with the obsession about wealth creation in the cryptocurrency community, taking to social media to say that coin and token founders should be focusing on trying to make the world a better place. In a series of tweets on his Twitter account, timed to coincide with the combined value ...

Two Romanian nationals have been arrested over allegations that they were behind the hacking of the Washington D.C. closed-circuit television camera network that resulted in 70 percent of the network going offline in the week before the inauguration of President Donald Trump. The suspects, Mihai Alexandru Isvanca, 25, and Eveline Cismaru, 28, were arrested in Bucharest Dec. 15 on charges ...

South Korea has finally moved to crack down on bitcoin and cryptocurrency trading with a number of new rules that aim to restrict speculative trading. The country, one of the world’s largest in terms of bitcoin trading, first said that it would be considering new measures in October. Finance Minister Kim Dong-yeon told local media ...

Zachary Buchta, allegedly a founder of the infamous hacking group Lizard Squad, is facing two and a half years in jail after pleading guilty to hacking-related charges prior to Christmas. Twenty-year-old Buchta, from Maryland, was arrested in October 2016 along with another man, Bradley Han Willem Van Rooy of the Netherlands, on charges of “conspiring to cause damage to ...

Up to 1.13 million customers of Nissan Canada have had their personal details breached after hackers managed to steal data from Nissan Canada Finance and related company Infiniti Financial Services Canada. The hack, which occurred Dec. 11, involved personal information including customer names, addresses, vehicle make and model, vehicle identification number, credit score, loan amount and ...

Sergei Mavrodi, founder of the infamous Ponzi scheme MMM Global, is back with a dubious new offering following a 20-plus-year history of scams: an Ethereum blockchain-based cryptocurrency. Called Mavro, the cryptocurrency is set to launch Dec. 29 and will be a replacement for a previous coin Mavrodi launched in 2016. According to Russia Today, Mavrodi is ...