ZDNet reports:
When it comes to defending the intellectual property (IP) rights of Linux and open-source software, global leading banks aren’t the first businesses to come to mind. Things have changed. Barclays, the London-based global corporate and investment bank, and the TD Bank Group, with its 26-million global customers, have joined the leading open-source IP defense group, the Open Invention Network (OIN)….
Tag: banking
US Treasury Nominee Yellen Wants to Encourage Cryptocurrencies — ‘For Legitimate Activities’
Business Insider reports: The bitcoin price was set for its biggest one-week fall since September on Saturday morning, having slipped around 10% since Monday… Bitcoin came under selling pressure this week after Janet Yellen, Joe Biden’s pick for Treasury secretary, suggested the use of cryptocurrencies should be “curtailed” because they were used mainly for “illicit financing”. Writing at Nasdaq.com on Thursday,…
BBVA Says That It Is Shutting Down Banking App Simple, Will Transfer Users To BBVA USA
BBVA today told users of Simple — the pioneering mobile and online banking app that it acquired for $117 million in 2014 — that it is planning to shut down the service, moving accounts to BBVA’s USA business in the process. TechCrunch reports: The move is part of an ongoing effort at BBVA — which had been an active investor and…
Britain Commits $333 Million To Help Carriers Replace Huawei 5G
Britain will spend $333 million to diversify its sources of 5G wireless equipment after banning China’s Huawei from supplying the next-generation technology. From a report: Huawei is set to be excluded from British 5G networks by 2027 due to security concerns, leaving phone carriers reliant on a supply duopoly of Finland’s Nokia and Sweden’s Ericsson. Around $67 million of the total…
Ask Slashdot: Why Haven’t We Implemented Public Key Infrastructure Voting?
Long-time Slashdot reader t0qer has a question: why haven’t we gone to an open source, Public Key Infrastructure-based voting system? “I’m fairly well versed in PKI technology, and quoting this site, it would take traditional computers 300 trillion years to break RSA-2048 for a single vote.”
SSL.com has a pretty interesting piece on using Public Key Infrastructure in voting. There’s also a…
A Biden Victory Positions America For a 180-Degree Turn On Climate Change
“Joe Biden, the projected winner of the U.S. presidency, will move to restore dozens of environmental safeguards President Donald Trump abolished,” reports the Washington Post, “and launch the boldest climate change plan of any president in history.” destinyland shares their report: While some of Biden’s most sweeping programs will encounter stiff resistance from Senate Republicans and conservative attorneys general, the United…
‘Don’t Even Try Paying With Cash in China’
“It’s hard for those of us who live outside of China to grasp how paying for everything has gone digital in the country,” writes the New York Times, introducing a Q&A with technology reporter Ray Zhong (who used to live in Beijing): Most businesses there, from the fanciest hotels to roadside fruit stands, display a QR code — a type of…
JPMorgan, Goldman Order Software ‘Code Freezes’ Around Election
Top banks, including JPMorgan Chase and Goldman Sachs, are battening down their technology hatches for next week’s presidential election. From a report (paywalled): Around next Tuesday, the final day of voting, JPMorgan and Goldman will both halt software updates to the retail and investment banking systems their customers use to manage accounts, The Information has learned. It’s a precaution intended to…
Is Digital Banking the Wave of the Future?
CNN looks at a unique new digital bank named Greenwood — and its implications for the future of banking:
Greenwood was created by Bounce TV founder Ryan Glover and his close friend, rapper-activist Michael “Killer Mike” Render. The leadership team at Greenwood, which includes former Atlanta Mayor Andrew Young, unveiled their new platform on Thursday after raising more than $3 million in…
US Explores Curbs On Ant Group, Tencent Payment Systems
An anonymous reader quotes a report from Bloomberg: The Trump administration is exploring restrictions on billionaire Jack Ma’s Ant Group as well as Tencent Holdings Ltd. over concerns that their digital payment platforms threaten U.S. national security, according to people familiar with the matter, a move that risks infuriating China and disrupting what could be the world’s largest initial public offering….