Bank backed Blockchain fintech development consortium R3 (R3CEV LLC) is working with the Bank of Canada and the Canadian Payments Association on a Blockchain powered payment transfer system, it was revealed Thursday. The Bank of Canada, Canada’s central bank, said that at this point they are only experimenting with the technology with the ultimate aim ...

Online accommodation marketplace Airbnb, Inc. has raised even more money, this time in the form of $1 billion in debt financing. JPMorgan, Citigroup Inc, Morgan Stanley and Bank of America Corp are said to have led the deal. The debt raising follows confirmation in December that Airbnb had raised $1.5 billion earlier in 2015. According ...

Google-backed augmented reality startup Magic Leap, Inc. has signed a deal with the Walt Disney Company owned Lucasfilm Ltd. to bring Star Wars characters to Magic Leap’s yet to be launched augmented reality headset. The announcement, made at the Wired Business Conference in New York Thursday, will see both companies (through Lucasfilm’s ILMxLAB) establishing a ...

Twitter, Inc., Google, Inc., and Facebook, Inc. are being sued by the father of a victim of the Paris Islamic terrorist attacks in November 2015 on the basis that the companies “provided material support” to the terrorist group The Islamic State of Iraq and the Levant, better known as ISIS. Reynaldo Gonzalez, the father of ...

Online bank WB21 Group Holdings SA has announced that it has added Bitcoin as a method for its customers to transfer and deposit funds to their checking accounts, making them the first registered bank to do so. WB21, for those not familiar with the company, is a London-based digital bank with an office in Palo ...

Notorious spammer Sanford Wallace, better known by his self-proclaimed nickname of “spam king,” is going to jail after being found guilty of electronic mail fraud and criminal contempt of court. Wallace was sentenced to 30 months in prison and ordered to pay $310,628.55 in restitution according to local reports. Sanford stood accused of hacking into ...

Chinese ridesharing service and Uber, Inc. rival Didi Chuxing Technology Co. (formerly Didi Kuaidi) has raised $7 billion in new capital that included $4.5 billion in traditional fundraising and a debt facility of $2.5 billion. The $4.5 billion includes a previously disclosed $1 billion investment by Apple, Inc., and $600 million from China Life Insurance ...

Apple, Inc.’s latest web browser Safari 10, which will ship later this year with macOS Sierra, will disable common plug-ins and preference HTML 5 content in an effort to improve the web browsing experience. The new browser will disable Adobe Flash, Java, Silverlight, and even Apple’s QuickTime by default. Users who reach a page that ...

Remember dial-up modems and Yahoo Messenger? The first is a long gone memory, but the original Yahoo Messenger, launched in 1998, has somehow managed to keep going, that is until now with Yahoo, Inc. announcing that the original service, as opposed to its new version (which goes by the same name) will be closed August ...

A scammer has targeted people wishing to donate following the Islamic terrorist attack on the Pulse Nightclub in Orlando, Florida June 12. A fake Twitter account under the name of @PulseOrlandoUSA (since suspended) pretending to represent the nightclub was for a time soliciting Bitcoin donations with claims to buy bottled water and Oreo cookies. The account included ...