The price of bitcoin dropped again in trading over the weekend as banks in both the United States and the United Kingdom imposed bans on customers using their credit cards to purchase cryptocurrencies. The bans started Friday, with JP Morgan Chase Co., Bank of America Corp. and Citigroup Inc. all announcing that they were moving to implement the ban ...

A newly discovered critical vulnerability in Adobe Systems Inc.’s Flash player is being actively exploited, possibly by North Korean hackers. The newly uncovered vulnerability (CVE-2018-4878) exists in recent versions of Flash up to 28.0.0.137 and gives an attacker Remote Code Execution access, which allows them to take control of the affected system. The attack vector involves a ...

The price of bitcoin plunged Thursday after India announced that it’s implementing a ban on cryptocurrencies — not simply exchanges but all use of cryptocurrencies within its borders. Bitcoin investors had already been on tenterhooks (or Tether hooks in this case) over the U.S. Securities and Exchange Commission’s fraud investigation into leading cryptocurrency exchange Bitfinex and ...

Intel Corp. is planning to spin off its augmented reality division into a separate company and sell off a majority of its shareholding, according to sources quoted by Bloomberg. The report claims that Intel is seeking multiple backers to invest in the spun-off business and is looking to raise about $350 million from its divestiture. ...

A former TechCrunch employee has been arrested in Australia on allegations that he hacked a car sharing company, charged vehicles to other users and stole confidential customer data. Thirty-seven-year-old Nik Cubrilovic from Penrose, New South Wales, was arrested Wednesday by detectives from the NSW Police Cybercrime Squad in conjunction with Public Order and Riot Squad police. Cubrilovic is alleged ...

Despite negative headlines about the future of bitcoin and cryptocurrencies of late, it turns out a number of leading companies didn’t get the memo: LINE Corp., Samsung Electronics Co. Ltd. and Square Inc. have all announced new cryptocurrency related services in the last 36 hours. Leading the pack was a surprise announcement from messaging app service provider ...

South Korea’s finance minister said Wednesday that the country now has no plans to ban cryptocurrency trading, in the latest proclamation from a government that has been fighting internally over a proposal to do just that. The announcement came from Kim Dong-yeon, the very same finance minister who said in a radio interview Jan. 16 that “the ...

Uber Technologies Inc.’s rivals are stepping up their efforts to defeat the unicorn startup, but there’s an interesting twist to the competitive swirl: All of them, including Uber itself, count SoftBank Group Corp. as one of their major investors. Starting in the subcontinent, Ola announced Tuesday that it was making its first move outside its ...

The U.S. Securities and Exchange Commission has obtained a court order to shut down a company that had already raised $600 million in an initial coin offering. Called AriseBank, the company was selling tokens to assist in establishing the “first decentralized bank to offer the first and largest cryptocurrency banking platform in the world.” In a media ...

The price of bitcoin plunged in trading Tuesday as news emerged that leading cryptocurrency exchange Bitfinex and related company Tether are under investigation by authorities on potential fraud allegations. The investigation was launched by the U.S. Commodity Futures Trading Commission. It’s looking into whether Tether, both a company and a cryptocurrency owned and run by Bitfinex (formally ...