Sunday, 16 Dec 2018
Category: Business

Thinking Outside The Holiday Gift Box

The Christmas countdown is upon us. And with just single-digit shopping days left, the countdown is on to find that perfect gift for those hard-to-buy-for people on your list. So, too, is the pressure to buy for those whose tastes may run to the peculiar, or who already have everything and offer no clues about […]

UK Regulator Tackles Authorized Push Payment Fraud

In an effort to help authorized push payment (APP) fraud victims, The U.K.’s Financial Conduct Authority (FCA) unveiled new rules on Friday (Dec. 14). As a result, additional banks or payment services providers (PSPs) may have to compensate victims of those kinds of scams, Financial Times reported. FCA Executive Director of Strategy and Competition Chris […]

Chinese Hackers Target Navy Contractors To Steal Military Secrets

Chinese hackers have targeted U.S. Navy contractors and subcontractors to steal classified military information, according to a report by The Wall Street Journal. The hackers gained illegal access to contractors’ networks and stole a range of classified intelligence, including ship data and missile plans. The attacks, which happened in the past 18 months, have spurred […]

New Instagram Feature Will Tell Brands About Bookmarked Products

Instagram is working on a shopping feature that would tell brands which products users are bookmarking, according to a report by CNBC. The Facebook-owned company has been giving users shopping-specific features for about a year now, including the ability to bookmark things in photos and videos they might want to purchase. Brands can tag items […]

TransferGo Receives $17.6M In Series B Funding

TransferGo, an up-and-coming international money transfer company, has raised more than $17.6 million in a Series B funding round, according to a report. The London-based company, which was founded in 2012, is available in 47 countries and has offices in Warsaw, London, Berlin, Istanbul and Vilnius. With a customer base of upwards of 800,000 people […]

Bitcoin Falls Below $3,200 To Reach Lowest Level In Months

Bitcoin fell to its lowest price in 15 months on Friday (Dec. 14), and analysts are predicting that further declines could be in store for the popular cryptocurrency. The price of bitcoin broke below the $3,200 mark to reach roughly $3,160 in the afternoon, MarketWatch reported. Daily FX Analyst Nick Cawley wrote in a note, […]

Apple’s Wall Street Cheerleaders Grow Muted

For Apple, this all seems a case of “catch a falling knife” – that is, if we are referring to the stock price. The stock has slid roughly 15 percent in the past month alone, with sentiment souring on iPhones, of course. At this writing, the shares are down another few mid-digit percentage points to […]

BBVA, Porsche Complete $170 Million Loan With Blockchain

One of the largest banks in Spain, Banco Bilbao Vizcaya Argentaria (BBVA), has completed a $170 million (€150 million) loan with Porsche Holding using blockchain technology, according to a report. Although the bank has completed blockchain loans before, it’s never done it with a non-Spanish customer, until now. One of the bank’s previous blockchain loans […]

Facebook: API Bug May Have Exposed 6.8 Million Users’ Photos

A photo API bug may have affected 6.8 million Facebook users who gave permission for third-party apps to access their photos, according to a post by the company on Friday (Dec. 14). “We have fixed the issue but, because of this bug, some third-party apps may have had access to a broader set of photos […]

Propel Notches $12.8M In Series A Funding

To help low-income consumers get back on their feet, New York-based Propel has notched $12.8 million in Series A funding. Nyca Partners led the round, along with the participation of Kleiner Perkins, Andreessen Horowitz and Omidyar Network, as well as support from Thirty Five Ventures and Alexa von Tobel, the company said in an announcement. […]