South East Asia and Africa-focused Bitcoin startup BitX has raised $4 million Series A in a round led by South Africa’s Naspers Group through their payments subsidiary PayU, that also included existing investor Digital Currency Group. Founded in 2013, BitX provides a variety of Bitcoin related services including Bitcoin wallets, a Bitcoin exchange, and Bitcoin ...

A new service from Philippine Bitcoin startup Coins.ph allows users to transfer money to other users without the need to have a bank account. Called “Teller”, the system works by utilizing Coins.ph accounts and retailers who currently accept Bitcoin payments via the Coins.ph network to transfer actual fiat currency between two parties. Person A installs ...

Google, Inc.’s online video service YouTube is having problems with its planned paid subscription service, with the site said to have failed to land any content from television networks. The service, first mooted back in March, is aiming to follow in the steps of services from the likes of Hulu and offer programming that’s a ...

International Business Machines Corp. delivered a mixed bag of second quarter results Monday with the company beating market expectations on earnings per share off the back of strong growth in its cloud business, while the rest of its legacy business continued to decline. Big Blue booked in earnings of $3.84 a share in Q2, ahead ...

Online extramarital affairs hookup site Ashley Madison has been hacked and users may get screwed in entirely new ways, with the hackers appearing to have obtained details of some, if not all users of the site. According to KrebsOnSecurity, large caches of data have been stolen from the infamous online cheating site owned by Avid ...

Bitcoin exchange Kraken (Payward, Inc.) has announced a reduction in Bitcoin trading fees, along with a new model that rewards its users who provide liquidity to the exchange with even bigger savings, which they call a “maker taker” model. The company announced the new rates in a blog post, stating that the change comes by ...

Top four global accounting group Deloitte Touche Tohmatsu Ltd. (Deloitte) has joined the Australian Digital Currency Commerce Association  (ADCCA,) the peak industry group representing digital currency traders in Australia. According to iTnews, Deloitte is planning to participate in ADCCA through a working group tasked with creating accounting standards for businesses dealing in cryptocurrencies, in particular, ...

Singapore-based Bitcoin exchange Coin Republic (Rapid Net Profits Lte.) is reported to be in acquisition talks, according to one report local time Monday. Deal Street Asia claims “an executive familiar with the cryptocurrency sector” is saying that the company is in talks to be acquired by a non-Singaporean company. The site, to its credit, followed ...

Microsoft Corp. is reported to have acquired Software-as-a-service (SaaS) cloud cybersecurity company Adallom, Inc. for $320 million. Founded in 2012 by Assaf Rappaport, Ami Luttwak and Roy Reznik, former members of the Israeli Intelligence Corps’ Unit 8200, Adallom offers a cloud access security platform which delivers visibility, governance and protection for cloud applications. Available as ...

In a defining, end of an era move, Japanese telco giant SoftBank Group Corp. is said to be winding down its Venture Capital arm, an arm that has funded an amazing variety of startups. According to reports, new SoftBank Chief Executive Officer Nikesh Arora has said that the company is moving away “from making a bunch ...