Ripple Labs Inc. may have finally found someone to use its cryptocurrency for real-world transfers. The company today said it has signed a deal with MoneyGram International Inc. to try out XRP as a way to facilitate international transfers. Under the trial, MoneyGram will access and use Ripple’s XRP. The transfers will be processed on xRapid, Ripple’s ...

Not happy with simply regulating cryptocurrency exchanges, South Korea has moved to ban all cryptocurrency trading within its borders, sparking chaos in global markets. The decision to implement an outright ban, only weeks after implementing new regulations, was announced by South Korea’s justice minister at a press conference Thursday morning local time. It was justified ...

South Korean carmaker Hyundai Motor Company is the latest to jump into the ride-hailing market through an investment and strategic agreement with Singapore-based Grab Taxi Holdings Pte. Ltd. Under the agreement, Hyundai and Grab will jointly explore ways to develop and provide innovative services to Southeast Asian customers, including a new mobility service platform that will ...

Not every form of malware is a conspiracy involving a state-sponsored actor. That’s the main takeaway following the arrest of an Ohio man alleged to be behind the Fruitfly macOS malware. Phillip R. Durachinsky, 28, of North Royalton, Ohio was indicted Wednesday by the Department of Justice on 16 charges covering Computer Fraud and Abuse Act ...

New legislation being pushed by two Senate Democrats would give the Federal Trade Commission the power to fine credit reporting agencies that fail to protect consumer information from data breaches. The proposed law, called the Data Breach Prevention and Compensation Act 2018, was proposed today by Elizabeth Warren (D-Mass.) and Mark Warner (D-Va.) in response to the ...

Thanks to a continued flush of huge funding rounds, venture capital flowing into U.S.-based companies rose 17 percent last year, to $71.9 billion. The numbers, released early Wednesday by PricewaterhouseCoopers LLP and CB Insights’ in their quarterly MoneyTree Report, found that overall venture capital had a strong year in the U.S. Megarounds, meaning those of more than ...

Attempts to bring bitcoin exchange-traded funds to market have taken a blow as several companies withdrew their applications following feedback from the Securities and Exchange Commission. Companies that have withdrawn their applications include Direxion Shares ETF Trust, Exchange Listed Funds Trust and ProShares Trust, with all three citing discussions with the SEC as spurring their decisions. “On ...

Connecting to public Wi-Fi networks has always come with a certain level of risk, but in a new twist, the next time you connect at your local cafe, it could be hijacked to mine for cryptocurrencies. Initially published as a proof of concept but possibly now being used in the wild, the “CoffeeMiner” exploit uses public Wi-Fi ...

Shares in Eastman Kodak surged by nearly 200 percent Tuesday after the venerable company announced it was jumping on the blockchain bandwagon with an initial coin offering and blockchain-based platform for managing digital rights for photographers. Kodak, for those without long memories or who count themselves as millennials, was once the world’s largest camera maker ...

Microsoft Corp.’s usually mundane monthly “Patch Tuesday” release took a different twist this month following a mad scramble to issue fixes for the Meltdown and Spectre vulnerabilities disclosed last week, some of which have since been found to have problems. The monthly patch cycle started early with system updates attempting to patch the vulnerabilities in processors ...