|Subject: SCN Daily News (HTML) Monday, 15 July 2019|
|Date: 15/07/2019, 11:23|
Monday, 15 July 2019
Credit Cards Fall Behind in Asia's Race to go Cashless
Credit cards are losing out to e-payments as Asia rushes to go cashless, with users who are unwilling or unable to shoulder the high fees associated with cards opting for mobile alternatives.
Link: Asia Nikkei
Japanese Firm Loses 3.5b Yen in Cryptocurrency Hack
A TOKYO-BASED cryptocurrency exchange said on Friday it had halted all services after losing cryptocurrency worth more than 3.5 billion yen (S$43.9 million) in the latest apparent hack involving virtual money.
Remixpoint said its subsidiary BITPoint Japan discovered overnight that about 3.5 billion yen in various digital currencies had gone missing from its management.
Link: The Business Times
China Police Bust Bitcoin Miners for Stealing $3m in Electricity
Police in eastern China have busted a ring of illicit bitcoin miners who stole nearly $3 million worth of electricity to generate the digital currency, prompting a local power company to tip off investigators, authorities said Friday.
Link: The News
Congressional Leaders have Drafted a Bill that Would Ban Big Tech from Launching a Digital Asset
The bill aims to prevent tech colossuses from becoming financial institutions. It also seeks to prohibit these companies from "establishing, maintaining, or operating a digital asset that is intended to be widely used as a medium of exchange, unit of account, store of value," as defined by the Board of Governors of the Fed.
Link: The Block Crypto
Facebook to be Fined $5bn over Cambridge Analytica Scandal
US regulators have approved a record $5bn (GBP 4bn) fine on Facebook to settle an investigation into data privacy violations, reports in US media say.
The Federal Trade Commission (FTC) has been investigating allegations that political consultancy Cambridge Analytica improperly obtained the data of up to 87 million Facebook users.
The settlement was approved by the FTC in a 3-2 vote, sources told US media.
Link: BBC News
New South Wales Plans Major Biometrics Integration with Transport System
The Government of New South Wales, Australia, is planning to make biometrics a central part of its future transport plans, with public transit riders being scanned by facial recognition systems for automatic payments, ZDNet reports.
Link: Biometric Update
As a subscriber to Smart Card News we currently send you the latest industry news together with carefully selected industry events and updates.
We do not share your data with any third parties. However, due to changes in the law (GDPR) from May 2018, we need to confirm you are happy for us to continue to hold your details. If you DO NOT wish to continue to receive mailings from us you can unsubscribe at any time by:- emailing us at email@example.com or click Unsubscribe
Please note, if you do not unsubscribe, we will take that as confirmation that you are happy to receive future mailings from us.
Smart Card News Limited, Gratwicke House, 10 East Street, Littlehampton, West Sussex, BN17 6AW, Registered in England 2728296.
From time to time, this news service may include industry forecasts and forward looking statements made by the companies concerned. Readers should be advised that Smart Card News Ltd cannot be held responsible for decisions and/or actions taken by readers of our news service, based on the information provided. This news is only to be distributed to persons/companies who have a contract with Smart Card News Ltd. Unless your company has gained a licence and/or written permission from Smart Card News, the contents of this news page are not to be forwarded to any other person or server. Any replication by any means without prior permission is illegal and action may be taken. If you receive this online news from a forwarded source please contact the team at Smart Card News Ltd. It is illegal to replicate this online news.
Tel: +44 (0)1903 723 548