News > FinTech

In Defense of Net Neutrality, Internet Pioneers Accuse FCC of Not Understanding Tech
FinTech
On Thursday, the FCC will vote to eliminate regulations that prohibit internet service providers from blocking, slowing, or speeding up the delivery of data based on business relationships they have with the content providers. Having failed to sway the agency to change course, opponents are making a last-ditch effort to save neutrality by asking Congress to intervene—at least delaying the vote
Bitcoin Futures Rise on First Day of Trading; Platform Crashes From Heavy Traffic
FinTech
Bitcoin futures surged on the first day of trading for one of two highly anticipated exchanges, but heavy traffic caused the platform to experience temporary outages, as the Wall Street Journal reports. CBOE Global markets opened for trading on Sunday at 6 p.m. Eastern Standard Time, as the "bitcoin contract expiring in January opened at $15,000 and rose to $16,660
An App That Let's You Buy Cryptocurrency is the Most Downloaded Free App in Apple's U.S. Store
FinTech
An app that allows its users to buy cryptocurrency became the most downloaded free app in Apple's U.S. App store on Thursday, as TechCrunch reports. The app belongs to Coinbase - "arguably the world’s best-known exchange for converting fiat into crypto," according to TechCrunch. The app's rise to the top of Apple's list came as bitcoin surpassed $17,000 - and
Tesla Developing its Own AI Chip; Analyst Says Chipmakers Could Gain Manufacturing Contracts
FinTech
What Happened Tesla Inc (NASDAQ: TSLA) CEO Elon Musk confirmed Thursday that the company was developing its own artificial intelligence chip for self-driving vehicles led by former Apple Inc. (NASDAQ: AAPL) and Advanced Micro Devices, Inc. (NASDAQ: AMD) engineer Jim Keller, according to Electrek. Investors on Twitter suggested the report could be “really bad” or “awful news” for NVIDIA Corporation
Hackers Looted $70 Million Worth of Bitcoin From a Cryptocurrency-Mining Platform
FinTech
Hackers stole $70 million worth of bitcoin from a cryptocurrency-mining service called NiceHash, the company announced on Facebook. The Slovenia-based NiceHash indicated in its post that a security breach led to the theft.  The company then shutdown its operations for at least 24 hours. Clearly, this is a matter of deep concern and we are working hard to rectify the
Back the Blockchain With This ETF
FinTech
Semiconductor stocks and exchange-traded funds were slammed last week as investors soured on what has been one of the best-performing corners of the already hot technology sector this year. The VanEck Vectors Semiconductor ETF (NYSE: SMH) slipped 6 percent last week. Investors ditched semiconductor stocks in favor of financials, transportation stocks and other names levered to the Trump administration's tax
Report: Hedge Funds Are Gearing Up to Bet Against Bitcoin
FinTech
CME Capital's announcement last month that it would be launching a bitcoin futures contract by the end of the year has been seen as another step toward mainstreaming cryptocurrencies by introducing bitcoin into the same market as oil and gold. However, CME Capital's planned futures contract has also galvanized hedge funds to prepare shorting bitcoin, according to Bloomberg. Speaking to
Another Day, Another Wall Street Icon Slams Bitcoin
FinTech
The only thing that now seems to happen more regularly than bitcoin hitting a new record price is having another Wall Street A-Lister sound the alarm about the world's trendiest cryptocurrency. Add Vanguard founder and passive investing legend Jack Bogle to the list of Wall Street heavy hitters who have come out against bitcoin. While Jamie Dimon has called bitcoin
The Year of the Breach: A Guide to the Major Hacks of 2017
FinTech
Uber, which is working to vindicate itself under new CEO Dara Khosrowshahi following a string of scandals, faced a setback after it was revealed by Bloomberg in a Nov. 21 report that the company was a victim of a hacking incident in October 2016 — and chose to cover it up by paying $100,000 to the hackers. The personal data,
Bart Chilton at Hong Kong Fintech Week 2017
FinTech, Video
Led by InvestHK and NexChange, the 2017 Hong Kong Fintech Week gathered over 4,000 attendees and more than 300 speakers from around the globe. Among the latter was former CFTC Commissioner Bart Chilton, whose rhythmic, fintech-inspired speech became quite the hit among attendees. Here it is for those of you who weren’t able to make it: