Homero Joshua (Josh) Garza, the chief executive officer of fraudulent bitcoin mining operation GAW Miners that made headlines in 2015, today was been jailed for 21 months over his role in the scam. Garza was accused of perpetrating fraud through GAW Miners and ZenMiner by offering shares in an alleged digital bitcoin mining operation while never having ...

Cryptocurrency and digital asset exchange Seed CX Ltd. Wednesday said it has raised $15 million in new funding to expand its physical trading infrastructure, broaden its network of institutional trading groups and hire more people. The Series B round was led by Bain Capital Ventures and OKCoin and included previous investors. Founded in 2015, Chicago-based Seed ...

Google LLC Wednesday announced that it’s discontinuing its Inbox email client as of March next year, some four years after it was launched. At launch the initially invite-only app was pitched as the “future of email.” It introduced unique features such as “Bundles” that took all similar messages, grouped them together and then automatically highlighted important ...

Cloud data management company Veeam Software Inc. is the latest of many companies to expose customer data via a misconfigured cloud instance, with 200 gigabytes of data relating to more than 440 million customer records found online. Detailed by security researcher Bob Diachenko, the leak of the data was discovered on a MongoDB database installation hosted ...

The hack of U.K. carrier British Airways last week that affected 380,000 customers has been linked to a notorious hacking gang that was also behind the hack of Ticketmaster Entertainment Inc., according to a new report. The claim Tuesday came from security firm RiskIQ Inc. which link the hacks to a gang it dubs “Magecart” that uses ...

Several leading bitcoin and blockchain companies have gotten together to take their message to Washington D.C. in a newly created lobby group called the Blockchain Association. The new group comes as cryptocurrencies are in a swoon, with prices down overall about 80 percent from a January high, at least judging from the MVIS CryptoCompare Digital ...

A federal court judge in New York today ruled that fraudulent initial coin offerings are covered by securities law, the first ruling of its kind and one that opens the door to mass prosecutions of scam ICOs. The ruling, from District Judge Raymond Dearie, came in a case between the U.S. Securities and Exchange Commission ...

The next generation of mobile data networks is coming to the U.S. as both AT&T Inc. and Verizon Communications Inc. today announced plans to launch services later this year. Earlier in the year, AT&T had announced plans to bring 5G to a number of cities, including Atlanta; Dallas and Waco, Texas; Charlotte and Raleigh, North ...

PingCAP Inc., the company behind the cloud-native NewSQL database TiDB, today said it has raised $50 million in new funding to expand the TiDB ecosystem globally, build cross-cloud product offerings and further develop its core technology. The Series C round was led by FOSUN and Morningside Venture Capital, with previous investors China Growth Capital, Yunqi Partners and Matrix ...

After a string of bad news around financial products and institutional support for cryptocurrencies, there’s finally some good news: a new financial product reportedly being designed by Citigroup Inc. that allows people to invest in cryptocurrencies without owning them. According to Business Insider but not yet officially announced, Citi has developed a “digital asset receipt” that ...