Representatives of the Libra Association, the body set up by Facebook Inc. to manage its Libra cryptocurrency, are set to be grilled by global regulators at a meeting in Switzerland on Monday, according to the Financial Times. The meeting will be chaired by Benoît Coeuré, of the European Central Bank and will include representatives of 26 central ...

R3 LLC and Mastercard Inc. Thursday said they’ve signed a strategic partnership to develop and pilot a blockchain-based cross-border payment solution. The payment solution will initially focus on connecting global faster payments infrastructures, schemes and banks supported by a clearing and settlement network operated by Mastercard. “Developing a new and better cross-border B2B payments solution ...

Facebook Inc. has patched a serious vulnerability in its Instagram app that could have allowed a malicious actor to access user data including names, phone numbers and Instagram account numbers. Discovered by an Israeli hacker known as ZHacker13 and first reported by Forbes Thursday, the vulnerability allowed an attacker to bypass security protections and gain access ...

Proving that investors will not always tolerate money-losing tech companies going public, online “teledentistry” startup SmileDirectClub flopped on its Nasdaq debut on Thursday with shares in the company down 27.5% as of the close of regular trading, making it one of the worst-performing initial public offerings in 29 years. The Nashville, Tennessee-based company, which sells expensive ...

France will block Facebook Inc.’s Libra cryptocurrency within its own borders and will also attempt to block it within European Union. The announcement came Thursday from France’s Minister of the Economy and Finance, Bruno Le Maire (pictured) who told an Organisation for Economic Co-operation and Development conference on blockchain policy Thursday that “I want to be absolutely clear: ...

Self-driving car startup Voyage Auto Inc. said today it has raised $31 million in new funding to ready its self-driving technology for commercialization. The Series B round will also be used to hire more staff and expand its fleet of self-driving cars. It was led by Franklin Templeton and included Khosla Ventures, Jaguar Land Rover’s InMotion Ventures ...

Kaspersky Lab has been permanently banned from providing services to U.S. government agencies following a temporary ban placed on the company because of allegations of Russian government links in 2017. The permanent ban, made under the 2018 National Defense Authorization Act, bars all civilian and military agencies from using Kaspersky products. Notably, the act used to ...

Another day, another discovery of an exposed online database. Today’s “We didn’t secure our online database” story involves 198 million records exposed via an Elasticsearch database belonging to Dealer Leads, a provider of online services to the automotive industry. Discovered by Jeremiah Fowler, senior security researcher at Security Discovery, the exposed database included names, email addresses, phone ...

Remote assistance and support cloud software firm TeamViewer AG is set to go public in its native Germany later this month in what will be the country’s largest initial public offering since the dotcom boom. The company is offering 84 million shares at between €23.50 and €27.50 ($25.88 to $30.29) per share, raising as much as €2.31 billion ($2.54 ...

Content delivery network provider Cloudflare Inc. today revised its price range on its initial public offering scheduled for Friday as the company also revealed that it may have broken U.S. sanctions laws by providing services to banned entities and governments. Cloudflare revised the price guidance for its IPO to $12 to $14 per share, up ...