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Tag Archives: Society

How FinTechs and Neobanks are Pushing Traditional Banks out of the Market

Technology has been able to penetrate pretty much every industry in the global economy. The optimization and streamlining feature that the concept has can’t possibly be overstated, and while incumbent traditional organizations still control a large portion of the market share, there is a continued threat of newer firms coming over and posing a lasting challenge.One of the most important sectors of the global economy is the financial sector. As many have stated, the financial sector controls...

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Ethereum Member Suddenly Arrested in the U.S. for Consulting North Koreans

The United States Attorneys in New York, together with the FBI agents, went on to issue a criminal complaint charging Virgil Griffith, Ethereum Foundation member. He is suspected of helping North Korea to prepare better measures of defense against the infamous U.S. sanctions.Not only the guy decided to travel to North Korea at his own expense, he was moving in the “vacation” style. He also delivered some tech presentations with consulting while he was in the country. He taught the locals...

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Governor Kemp Thinks Bakkt CEO Kelly Loeffler is a Promising Senate Member

U.S. Senator Johny Isakson was serving well at his position in United States Senate. However, health issues are chasing the old man: he decided to leave the job and enjoy life. The governor Brian Kemp has the power to elect a new member of the Senate to serve till the special elections. Many people approached him with pitches.President Trump Wanted His Brother in Arms to Acquire the SeatPresident Donald Trump suggested appointing Doug Collins at this position. He is a Republican who has been...

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Bitstop Installs New Bitcoin ATMs in Partnership with Simon Malls

As the cryptocurrency community grows in leaps and bounds, Bitstop which is one of the largest Bitcoin ATM operators in the world has installed five Bitcoin ATMs for starters across several locations of America’s largest retail mall operator Simon Property Group. This comes at a time when the cryptocurrency space is looking for ways to bring adoption to everyday people in a way that they can appreciate how the technology works.Sources indicate that the locations of the ATMs have already...

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1.2B Records Found Non-Protected Online in Server Leak

For more than ten years, different identity thieves, online hackers, and scammers have formed a black market and traded with other people’s data, account numbers, social security numbers, etc. In October, dark web researcher Vinny Troia discovered a similar package that was just sitting there, exposed and non-secured in any way. And it’s worth mentioning that Facebook users (though not only) have suffered once again.The block had 4 terabytes of personal info hidden in approximately 1.2...

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Galaxy Digital Partners With Bakkt and Fidelity in Creating “Elderly” Bitcoin Funds

Galaxy Digital Holding Ltd. started two new Bitcoin funds special because, well, they’re meant to be for a specific demographic profile of investors.Mike Novogratz (54) decided to use the fact that there is plenty of wealthy Americans aged 50-80 and, until now, they were pretty much into more traditional types of investing such as stocks or pension funds. Cryptocurrencies surely weren’t one of the ways they thought they could increase their wealth. However, Novogratz thinks there might be a...

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US Presidential Hopeful Andrew Yang Plans to Regulate Cryptocurrencies at Federal Level

For the first time in the upcoming United States Presidential elections, a hopeful is paying attention to technology in general and cryptocurrencies in particular. Andrew Yang, who is planning to contest on the platform of the democratic party, has revealed plans to create a Federal Regulatory Agency for cryptocurrencies.He made this disclosure in a blog post which was published last week. He indicated the propensity for fraud within the crypto space due to a dearth of regulatory cover within...

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PayPal Axes Pornhub Performers Payments Model as Verge Stands to Gain

In one sudden and swift move payments giant PayPal has cut off the thousands of performers on adult behemoth Pornhub that depended on the payment service to receive their payments. The pornographic platform indicated this in a blog post in the help section on the website. They wrote:“We are all devastated by PayPal’s decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods.”This, of course, has fundamentally changed the way and manner in which the...

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Instagram Stories’ New Reels Feature Similar to TikTok is Already Available in Brazil

An American photo and video-sharing social networking platform Instagram is going to compete with Chinese TikTok. Instagram has decided to launch Reels — a new video and music feature for Instagram Stories. This service allows users to enjoy working with different tools for editing videos, create 15-second clips using an extensive music catalog, and share them on Instagram Stories. It is notable that Reels is similar to the TikTok app in its functioning.According to the TechCrunch report,...

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Disney+ Launches with a Slight Glitch while Stock Soars

Photo: Disney+ / TwitterIn spite of steaming problems, Disney+ that offers all the premium content from Pixar, Disney, the Marvel Cinematic Universe and about 30 seasons of the Simpsons launched yesterday and sent Disney’s stock soaring. Initially, many users couldn’t access the streaming platform.And this is why you have load balancers. SMH another company trying to be cheap. @disneyplus #DisneyPlus pic.twitter.com/kNrR0PPn6B— Jared (@Geek38641) November 12, 2019And many of them were not...

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