WhatsApp Will Not Share User Data With Facebook Until It Complies With GDPR, ICO Closes Investigation

WhatsApp will not share user data with Facebook until it complies with GDPR, ICO closes investigationIngrid Lunden / TechCrunch - 1 month ago
  • An interesting development in Europe over how WhatsApp and Facebook will work together, which is also a victory of sorts for data protection and privacy advocates in the region.
  • “Data protection law does not prevent a company from sharing personal data – they just have to follow the legal requirements,” writes Commissioner Elizabeth Denham, who also published her own letter to WhatsApp as part of her blog post.
  • “I reached the conclusion that an undertaking was the most effective regulatory tool for me to use, given the circumstances of the case,” she notes.
  • GDPR is the wide-ranging data protection framework that essentially gives individuals more control over how and where their data is used across digital services.

Luminate Security Wins $14M Funding To Deliver BeyondCorp As A Service

Luminate Security wins $14M funding to deliver BeyondCorp as a serviceMike Wheatley / SiliconANGLE - 1 month ago
  • Cybersecurity startup Luminate Security is exiting stealth mode today, having secured $14 million in a combined seed and Series A round of funding.
  • Luminate was founded in January 2017 by Israeli cybersecurity experts who previously served with their country’s elite military technological units.
  • Given their extensive background, it’s not much of a surprise that Luminate’s founders believe traditional security products come with some glaring weaknesses.
  • “Managing and updating all these solutions used to be a resource-heavy endeavor,” the company said in its pitch.

Privacy-oriented Cryptocurrency Verge (XVG) Got Its Twitter Hacked

Privacy-oriented cryptocurrency Verge (XVG) got its Twitter hacked Mix / The Next Web - 1 month ago
  • In an ironic turn of events, privacy-focused cryptocurrency Verge (XVG) got its Twitter account hacked yesterday.
  • Once in control of the account, the hackers proceeded to ask Verge followers to donate XVG to a fraudulent wallet for a chance to receive double the amount in return – a new scam tactic which has been running rampant in the blockchain space over the past couple of months.
  • The good thing is that the startup has since managed to reclaim control of its Twitter account.
  • At the time of writing, the hackers have received “donations” for a total of 195 XVG (or about $7), according to a quick lookup on the Verge blockchain explorer.

Trump Administration Wants To Start Sending Secret Service Agents To Polling Stations

Tim Cushing / Techdirt - 1 month ago
  • President Trump would be able to dispatch Secret Service agents to polling places nationwide during a federal election, a vast expansion of executive authority, if a provision in a Homeland Security reauthorization bill remains intact.
  • This appears to be the result of Trump's continued insistence he would have won the popular vote if there hadn't been so many illegal votes.
  • State officials are trying to get the attention of unwary Capitol Hill legislators before it's too late.

Facebook Co-founder Chris Hughes Says The 1 Percent Should Give Cash To Working People

Facebook co-founder Chris Hughes says the 1 percent should give cash to working peopleEric Johnson / ReCode - 1 month ago
  • “Fair Shot” author Chris Hughes is trying to convince America’s richest citizens to give money to working people — not education policy, not inspirational messages, not invocations to try harder.
  • “Cash is the best thing you can do to improve health outcomes, education outcomes and lift people out of poverty,” Hughes said on the latest episode of Recode Decode, hosted by Kara Swisher.
  • “My story — which the only thing we can call it is a lucky break — is unfortunately not that uncommon in the economy today,” Hughes said.
  • You can listen to Recode Decode on Apple Podcasts, Spotify, Pocket Casts, Overcast or wherever you listen to podcasts.

Coinbase Cryptocurrency Exchange Opens Bank Account With Barclays In UK

Coinbase cryptocurrency exchange opens bank account with Barclays in UK CNBC - 1 month ago
  • The most noticeable update will be Faster Payments which will simplify the process of topping up and withdrawing money from Coinbase.
  • The e-money license from the FCA will extend to 23 countries within the European Union.
  • "We believe that this is an important step towards our commitment to making cryptocurrency accessible to everyone," Feroz said.

Tech Will Save Us Raises $4.2M For Its Tech-focused Range Of Toys, Partners With Disney

Tech Will Save Us raises $4.2M for its tech-focused range of toys, partners with DisneySteve O'Hear / TechCrunch - 1 month ago
  • The London-based startup says the new capital will be used to expand its product range — which now includes a first partnership with Disney with a Marvel Avengers themed kit inviting children to help superheroes complete secret missions — and to continue its mission to “create a brighter future for kids by encouraging them to create with, rather than be fearful of or passive to, technology”.
  • Founded by wife and husband duo Bethany Koby and Daniel Hirschmann, over the last four and a half years Tech Will Save Us has developed a range of digital and physical toys that combine play with STEM education to help kids get on the front foot of learning the skills they’ll need in the future.
  • “We were just very aware that education doesn’t move fast enough to keep up with technology and it probably never will,” Koby tells me when I ask why her and Hirschmann started the company.

Broadcom Confirms It Has Withdrawn Its Qualcomm Bid

Broadcom confirms it has withdrawn its Qualcomm bidPaul Sawers / VentureBeat - 1 month ago
  • Broadcom has confirmed that it will withdraw its offer to acquire rival chip company Qualcomm.
  • The news comes as little surprise after President Trump announced this week that he was blocking Broadcom’s proposed Qualcomm acquisition on national security grounds.
  • By way of a quick recap, the months-long saga began in November when Qualcomm rejected a takeover offer from Broadcom. Things went hostile a month later when Broadcom revealed it would target Qualcomm’s shareholders directly and ask them to elect a new slate of directors chosen by Broadcom, and it later went on to submit a revised $121 billion bid last month.
  • A shareholder meeting was scheduled for earlier this month to vote on the new board, however this was delayed until next month at the request of the Committee on Foreign Investment in the United States (CFIUS), which can prevent business deals where it’s deemed could harm national security.

Binance Launches New Blockchain And Offers Bounty For Information On Hackers

Binance launches new blockchain and offers bounty for information on hackersDuncan Riley / SiliconANGLE - 1 month ago
  • The new “Binance Chain” has been designed to facilitate the creation of a new decentralized exchange and is focused on the transfer and trading of blockchain assets, as well as providing “new possibilities for the future flow of blockchain assets,” Binance said in a blog post Tuesday.
  • Perhaps not surprising in the age of initial coin offerings, Binance Coin, the token Binance released last year, will become the central point of transactions on the Binance Chain.
  • “We believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed,” the company wrote.
  • On the hacking front, Binance has established a cryptocurrency reserve valued at $10 million that’s offering substantial rewards to anyone with information related to attempts to hack it and its users: the equivalent of $250,000 to anyone who supplies information that leads to the legal arrest of the hackers.

Trump Blocks Broadcom’s Takeover Of Qualcomm, Citing National Security

Mark Wycislik-Wilson / BetaNews - 1 month ago
  • Donald Trump has signed an executive order that blocks Broadcom from buying Qualcomm.
  • Had the deal gone ahead, a merged Broadcom and Qualcomm would have been responsible for a massive proportion of the chips in phones, computers and connected devices.
  • While Broadcom was extremely interested in snapping up Qualcomm, the San Diego-based Qualcomm had already declined bids from the company.

Salesforce Will Acquire Enterprise E-commerce Software Startup CloudCraze

Salesforce will acquire enterprise e-commerce software startup CloudCrazeCatherine Shu / TechCrunch - 1 month ago
  • Salesforce is set to buy CloudCraze, an enterprise e-commerce solution built on its cloud-based customer relationship management platform.
  • According to Crunchbase, CloudCraze received $30.6 million in funding, including a $20 million round in 2017 that included participation from Salesforce Ventures (the company’s strategic investment arm) and Insight Venture Partners.
  • In CloudCraze’s announcement, its president and chief customer officer Ray Grady wrote “The B2B commerce industry is expected to grow from $889 billion today to $1.2 trillion by 2012, and capturing this opportunity has never been more important for businesses.
  • After an acquisition spree in 2016, when it bought more than twelve companies, Salesforce took a break last year.

Larry Page’s Self-flying Air Taxis To Take Off In 3 Years

Larry Page’s self-flying air taxis to take off in 3 years Abhimanyu Ghoshal / The Next Web - 1 month ago

FCC Must Defend Net Neutrality Repeal In Court Against Dozens Of Litigants

FCC must defend net neutrality repeal in court against dozens of litigantsJon Brodkin / Ars Technica - 1 month ago
  • Twelve lawsuits filed against the Federal Communications Commission over its net neutrality repeal have been consolidated into one suit that will be heard at a federal appeals court in California.
  • The 12 lawsuits were filed by more than three dozen entities, including state attorneys general, consumer advocacy groups, and tech companies.
  • The lawsuits were all filed in either the US Court of Appeals for the Ninth Circuit and the US Court of Appeals for the District of Columbia Circuit.

Binance Offers $10 Million In Cryptocurrency To Nab Hackers

Binance offers $10 million in cryptocurrency to nab hackersDan Dziedzic / CNET - 1 month ago
  • Binance is offering $250,000 for information on the March 7th hack attempt against its company.
  • The largest cryptocurrency exchange, Binance, now has $10 million set aside in crypto reserves for bounties to catch hackers. This offensive strategy stems from a failed hacking attempt on 7 March, when a large-scale phishing scam culminated in hackers almost stealing millions of dollars in cryptocurrency.
  • The $250,000 bounty will be paid in the dollar equivalent of Binance Coin (BNB), which is currently worth more than $8, according to Coincodex.

Blast Raises $5 Million To Turn Gamers Into Savers

Blast raises $5 million to turn gamers into saversDean Takahashi / VentureBeat - 1 month ago
  • Every time you hit an achievement in League of Legends, you could trigger “micro-savings.” That’s the big idea that enabled Blast to raise $5 million in funding.
  • Blast’s micro-savings tools will eventually work with most games, from hardcore hits like League of Legends to casual fare such as Candy Crush Saga.
  • Newport Beach, California-based Blast wants to encourage people to save, and it is starting with the world’s 2.6 billion gamers, who can save and earn money while playing games that they love, said Walter Cruttenden, chairman of Blast and its related company Acorns, in an interview with GamesBeat.
  • “As you play your favorite games, you can set triggers,” said Stephen Tyszka, chief strategy officer, in an interview.

Sen. Chuck Schumer Says The World Would Be A ‘worse Place’ Without Amazon

Sen. Chuck Schumer says the world would be a ‘worse place’ without AmazonEric Johnson / ReCode - 1 month ago
  • Tech companies are changing everyday life in the United States, and not always in good ways — but on balance, Senator Chuck Schumer says he’d rather they regulate themselves than wait for government to step in.
  • “For a decade, tech was a great, great thing,” Schumer said on the latest episode of Recode Decode, hosted by Kara Swisher.
  • The senior Democratic Senator from New York, currently the minority leader in the U.S.
  • “Government regulation of speech is a frightening thing and has a bigger downside than upside,” Schumer said.

As Energy Concerns Rise, Innovators Find New Ways To Benefit From Cryptomining

As energy concerns rise, innovators find new ways to benefit from cryptominingDuncan Riley / SiliconANGLE - 1 month ago
  • Clever innovators are fashioning new ways of benefiting from cryptocurrency mining as concern about the energy consumption used in the practice has drawn attention from the European Union.
  • Cryptocurrency mining is the process by which transactions are verified and added to the blockchain, creating new coins and tokens.
  • That processing requires electricity and generates heat, both of which have caused concern, particularly in countries such as Iceland where it’s reported that bitcoin mining operators are set to use more power in the country that its entire pollution uses for other purposes.
  • In a statement last week, an EU official addressed energy consumption used by cryptocurrency mining, saying that while they recognized concerns, the practice is currently legal but subject to existing electricity rules and policies with respect to energy efficiency and greenhouse gases emissions.

Airspace Systems Raises $20 Million Series A To Take Down Dangerous Drones With Other Drones

Airspace Systems raises $20 million Series A to take down dangerous drones with other dronesLucas Matney / TechCrunch - 1 month ago
  • While many companies are looking to tech that digitally jam signals to land rogue drones, one startup is taking a more theatrical approach with a speedy drone that races at 2-3 times the speed of the fastest consumer options and takes down enemy drones that may not pop up on competitor’s systems.
  • Airspace Systems has built what it calls “kinetic capture” technologies, which currently consists of a ground-based system that identifies an offending unmanned aircraft, then launches its own drone to chase it down, fire a tethered net at it and carry it away.
  • Here’s a look the whole system in action from a video we did with Airspace back in 2016.
  • Now, since we shot that video, Airspace Systems has shifted attention from simply launching nets to building drone-focused autonomous systems that will allow their systems to track down other drones on their own.

Chinese Bike-sharing Firm Ofo Raises $866 Million Led By Alibaba

Chinese bike-sharing firm Ofo raises $866 million led by Alibaba CNBC - 1 month ago
  • Chinese bike-sharing firm Ofo has raised $866 million in new funding led by Alibaba Group Holding Ltd, in what it said was the largest investment garnered in a single round by a bike-sharing startup.
  • The latest fundraising comes as Ofo and arch-rival Mobike, the biggest bike-sharing firms in China, have been expanding rapidly overseas as well as launching new services at home and offering a greater variety of bicycles.
  • "Ofo has been transitioning from a phase of rapid growth to a stage of high-quality development," founder and CEO Dai Wei said in a statement.
  • Ofo did not disclose an updated valuation for the firm.

Artland Closes $1M Seed For Its Social Art Marketplace

Artland closes $1M seed for its social art marketplaceNatasha Lomas / TechCrunch - 1 month ago
  • Danish startup Artland has closed $1M in seed funding for a social art marketplace app that aims to connect galleries and professional buyers.
  • We covered the startup last fall.
  • Investors backing Artland for this seed include professional handball player, Mikkel Hansen; Olympic dressage champion Andreas Helgstrand; musician and songwriter Shaka Loveless; and Airhelp founders, Nicolas Michaelsen and Poul Oddershede.
  • The new funding will be used to accelerate growth of the 2016 founded startup — focusing on product refinements and adding resources for scaling operations so it can onboard more of its main target users: Collectors and galleries.