The Chinese Government has warned its citizens to stay away from infamous Bitcoin investment program MMM Global, as the service was nothing more than a Ponzi scheme. According to local reports, the warning, published by the central bank, the banking regulator, the Ministry of Industry and Information Technology and the State Administration for Industry and ...

Fintech startup BlueVine Capital, Inc. has raised $40 million Series C in a round led by Menlo Ventures that included Rakuten FinTech Fund, Lightspeed Venture Partners, 83North, Correlation Ventures and a new debt facility from Silicon Valley Bank. Founded in 2013, BlueVine offers an invoice factoring service that aims to help small businesses overcome short-term ...

International Business Machines Corp. (IBM) is said to be in talks to acquire online video streaming company Ustream, Inc. according to a report published Wednesday. Forbes claims the talks are advanced according to multiple sources familiar with the deal, with an acquisition price expected to be around $130 million in cash, with the possible addition ...

Cybersecurity firm FireEye, Inc. has acquired cyber threat intelligence startup iSIGHT Partners, Inc. for up to $275 million, consisting of an initial payment of $200 million with performance-based incentives that could earn former iSIGHT shareholders $75 million if the business meets certain sales targets through mid-2018. According to Reuters, the sales figure is less than ...

Cisco Systems, Inc. has delivered its annual security report, with the company finding that enterprises are less confident about their abilities to defend themselves from bad actors in the future. The report notes that defender confidence in the enterprise is dropping, with only 45 percent of global organizations worldwide confident in their security relative to ...

Facebook, Inc. has announced that its Android App will now come with Tor network support, allowing users to access the social networking service in countries where it is currently unavailable… and by that they mean China. The new version of the Facebook app, which will be available to all users who don’t have an Apple ...

Netflix, Inc. continues to thrive with the online streaming company adding a record number of new subscribers in the fourth quarter of 2015. The company, which announced its final global expansion two weeks ago, booked 5.59 million new subscribers for the quarter, ahead of an original projection of 5.15 million. International expansion, in a quarter ...

Bitcoin financial services company First Global Credit, Inc. has expanded its offering with customers now able to invest in a range of stocks listed on the London Stock Exchange (LSE). Launched in 2014 First Global Credit offers users the ability to use Bitcoin as a collateral margin to trade traditional equities. The company delivers the ...

The saga of failed Bitcoin exchange Cryptsy (Project Investors, Inc.) has taken a turn for the absurd with the exchange now claiming it was hacked. In a post on the Cryptsy blog, founder Paul “BigVern” Vernon claims that trojan malware was inserted into Cryptsy’s code by the developer of Lucky7Coin giving access to the company’s ...

If you own an iPhone 6S or iPhone 6S Plus that mysteriously goes flat despite showing the battery still has a charge, it turns out you’re not imagining things: the phones have a bug. Apple is “investigating the cause and a solution” to the problem, which reportedly involves the percentage of charge remaining on the ...