The security flaws that lead to an audacious heist of Bangladesh’s Central Bank have been found to be in software used globally to facilitate transfers between banks. Bangladesh Bank had $81 million stolen from them in February (the figure was first thought to be $100 million), and at the time they claimed that the funds ...

Mobile live streaming service Kamcord, Inc. has raised $10 million Series C in a round led by Time Warner that included existing investors Tencent, TransLink Capital, XG Ventures, Plug & Play Ventures and Wargaming. According to reports, the round was raised at a valuation of “more than $100 million.” Founded in 2012 as a way ...

Concerned at the growing popularity of Snapchat (Snapchat, Inc.), Facebook, Inc. is said to be designing its own dedicated camera app, according to a report Monday. The Wall Street Journal claims the new, as yet unnamed app has been under development by a team in London and allows people to live stream video in addition ...

Another person involved in the operation of failed Bitcoin exchange Coin.mx has been arrested following the ongoing investigation by Federal Authorities into the case. 65-year-old Michael Murgio from Palm Beach County, Florida, the father of Anthony Murgio who was arrested back in July in relation to the operation of the exchange, has been indicted in ...

Former fired Reddit Vice President Dan McComas is back, currently testing a new competing social sharing site that will offer “healthy, positive communities.” Called Imzy, the site itself is currently in private beta testing, and has groups dedicated to video games, music, movies and over 400 others, which according to TNW will give content creators a ...

The United States Defense Advanced Research Projects Agency (DARPA) is advertising for a business to assist it in building a secure messaging app using distributed ledger (Blockchain) technology for the Department of Defense (DoD). An advertisement for the role appeared on the Defense Business portal and states that there is a “critical DoD need to ...

Apple Inc.’s attempt to build its own car may have faced a setback with a report claiming that negotiations with a number of German car makers have ended unsuccessfully. According to German publication Handlesblatt, Apple had held talks with both BMW AG and Daimler AG but failed due to a disagreement over who controlled what ...

A report Thursday revealed that Super PAC aligned with the Hillary Clinton campaign has spent $1 million to “correct” critics on social media sites including Facebook and Reddit. The trolling campaign (for that is what it is) is being run by a Super PAC called “Correct the Record” and goes by the name of “Barrier ...

Digital advertising revenue hit a record $59.6 billion in the United States in 2015, according to the new report from the Interactive Advertising Bureau (IAB). The number was up a full 20 percent versus the $49.5 billion in revenue in 2014. Within the numbers mobile advertising continues to soar, growing to $20.7 billion for the ...

Blogging platform provider Medium (A Medium Corporation) has raised $50 million Series C in a round led by Spark Capital that included Andreessen Horowitz and Google Ventures. According to Re/Code the round was raised on a $600 million valuation, up from the $400 million valuation it had when it raised a $57 million Series B ...