The Government of Singapore has proposed a new regulatory framework for payments providers, including digital currency exchanges dealing with bitcoin. Under the proposal made by the Monetary Authority of Singapore, companies dealing in bitcoin would be required to obtain a license with “regulation [that] will be applied on an activity basis, and entities will only ...

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has revealed that more banks have been targeted in cyber attacks, following attacks on a bank in Bangladesh and another unnamed bank earlier in 2016. In a letter sent to member institutions, SWIFT urged members to upgrade their systems to comply with security procedures, as new cyber-theft ...

Technology-driven real estate platform startup Compass (Urban Compass, Inc.) has raised $75 million Series C in a round led by Wellington Management Company LLP that included existing investors IVP, Thrive Capital, 406 Ventures and Founders Fund. According to reports, the round was raised on a valuation “above $1 billion.” Founded in 2012, Compass offers a technology-driven ...

A hack of online storage provider Dropbox Inc. in 2012 has been revealed to be much larger that previously disclosed, with the details of some 68 million account holders finding their way online. Motherboard obtained a selection of files that were being traded on a “database trading community” (likely on the dark web), and found ...

The website of political news outlet Infowars has been hacked, with details of account holders being offered for sale on the dark web. The hacked data being offered up is said to have come directly from Prison Planet TV, a service offered by Infowars that gives users access to a variety of additional content, and ...

Google is set to compete with Uber Technologies, Inc. in the carpooling space, with the company said to expand its carpooling service to people in the San Francisco Bay area. According to The Wall Street Journal Google plans to open the program to all San Francisco-area users of the Google-owned Waze app in the fall. ...

In a severe blow to the sovereignty of the Republic of Ireland, the European Union (EU) has ordered that Apple pay €13 billion ($14.5 billion) in allegedly “unpaid” taxes after it ruled that Ireland’s tax treatment of the tech giant was illegal under EU state aid rules. The unsustainable supranational body made the ruling Tuesday, ...

Trending Adjective “widely mentioned or discussed on the Internet, especially on social media websites.”(Dictionary.com) Facebook’s decision to fire its biased Trending news team and replace it with algorithms has caused a backlash online, after a trending story (see definition above) that is alleged to have been fake managed to trend on Facebook. The story, from popular ...

A class action lawsuit filed with the U.S. District Court for Northern California is accusing Apple of fraud, negligent misrepresentation, breach of implied warranty, unjust enrichment, and breaking the Magnuson-Moss and Song-Beverly Warranty Acts due to faults in the company’s iPhone 6 and iPhone 6 Plus. The defect, referred to as “touch disease,” sees affected ...

Could the forthcoming Presidential election on November 8 be hacked? While the answer to that question remains, news has emerged that voting systems in two states have actually been hacked, including one instance of voting registration data being stolen. The Federal Bureau of Investigation (FBI) has issued a “flash alert” after it uncovered evidence that ...