Uber Technologies Inc. has launched a new division that offers financial services for Uber drivers. Called Uber Money, the new service comes with a Visa debit card and delivers, for the first time, the ability for Uber drivers and related service providers to access funds they have earned immediately. Previously, money earned by Uber drivers ...

Bitcoin had a remarkable return to form over the weekend after declining over the last month into a bear market. The reason: China. The cryptocurrency peaked as high as $10,071.47 early Saturday, up 36% in one day to its highest level in five weeks. The jump followed a  report that Chinese President Xi Jinping (pictured) announced ...

In a targeted ransomware attack, hackers took down the computer network of the City of Johannesburg, South Africa Oct. 24, stealing data from the city and threatening to release it unless the ransom payment is made. The group behind the attack, going by the name of Shadow Kill Hackers, is demanding a payment of four ...

The United Nations and nongovernment organizations are being targeted by a sophisticated spear-phishing campaign that’s attempting to gain account credentials for Okta, Office 365 and Outlook. Detected by security firm Lookout Inc. and publicized Thursday, the phishing campaign has been live since March 2019. It’s described as mobile-aware in that it can detect mobile devices. ...

Adobe Systems Inc. is the last company to expose customer data on an unsecured database, with 7.5 million Adobe Creative Cloud accounts found online. Discovered by Comparitech Ltd. and security researcher Bob Diachenko and publicized Friday, the exposed Elasticsearch database was open to all and sundry, requiring no password or other security measures to access ...

SoftBank Group Corp. will acquire an 80% stake in We Co., the parent company of WeWork in a deal worth $8 billion, the companies announced Tuesday. Under the deal, first speculated last week, SoftBank, already the biggest investor in WeWork, will provide $5 billion in new financing and up to $3 billion to buy out ...

Facebook Inc. Chief Executive Officer Mark Zuckerberg testified before the House Services Committee Wednesday, but though his remarks were released in advance Tuesday, the question-and-answer session delivered some surprises. The committee hearing, titled “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors,” was meant to be on Facebook’s proposed Libra cryptocurrency alone. But ...

E-scooter company Scott Rides Inc., acquired by Bird Rides Inc. in June, today entered the custom electric moped market with its new Scoot Moped. Pitched as an alternative to ride-hailing services, the mopeds will initially launch in Los Angeles as part of a pilot program. Scoot plans to roll out the scooters to other territories the company ...

Financial industry software startup PeerNova Inc. today said it has raised $31 million in new funding to build additional services on its blockchain platform. The funding round was led by Mosaik Partners and included Overstock.com Inc.’s Medici Ventures and Intuitive Venture Partners. All three were existing investors, with Overstock.com having invested directly into the company in ...

Facebook Inc. Chief Executive Officer Mark Zuckerberg will tell the House Services Committee Wednesday that the social networking giant is extending American financial leadership and democratic values across the world. The company released Zuckerberg’s set remarks ahead of his scheduled testimony for the hearing titled “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors.” Facebook’s ...