Wednesday, 15 May 2019
Belfast Council Launches its Own Digital Currency
The authority has worked alongside Israeli tech firm Colu to create Belfast Coin, a virtual currency that will launch across the Northern Irish capital later this year. The technology is currently going through a pilot phase, during which the council hopes to "build an ecosystem of stakeholders".
The authority hopes to attract "shops, cafes, restaurants and other businesses" across the city to sign up to allow customers to use the currency to pay for their goods and services, according to Belfast commissioner for resilience Grainia Long.
Android Pioneer HTC Stages Retreat from China
HTC is pulling its smartphones from two of China's largest online marketplaces, raising concerns about the brand's future.
The firm was the first to sell an Android handset in 2008.
But it has seen its global share of the smartphone market drop from a peak of 10.7% in 2011 to 0.05% today, according to market research firm IDC.
Link: BBC News
eBay Could Start Accepting "Virtual Currencies," Leaked Pics Suggest
If true, the eBay integration could open the floodgates for mainstream adoption of digital currencies. eBay currently has more than 180 million registered users who could all potentially be exposed to cryptocurrencies should the multinational company decides to go ahead with the plan.
Link: Blockchain Reporter
Bank of England Calls for 'Super Shield' Against Cyber Attacks
Britain may need to copy the United States in building a "super shield" against catastrophic cyber attacks or major IT glitches that could cripple the finance industry, a senior Bank of England official said on Tuesday.
The BoE is already taking action to ensure that banks, insurers and other financial firms can minimise the impact of cyber attacks or technology outtages on customers and recover as soon as possible.
Lawsuit Accusing Apple of Unfairly Dominating Mobile App Sales Will Proceed
The U.S. Supreme Court, in a narrow 5-4 decision written by Justice Brett Kavanaugh, ruled that a consumer lawsuit challenging Apple Inc.'s dominance of mobile app sales for iPhone, can proceed.
The case, Apple Inc. vs Pepper, involved allegations that Apple had artificially mobilised pricing for mobile app sales for the iPhone, because the iOS app store is the only way to download apps for the device.
Link: Mobile PaymentsToday
Cryptocurrency Exchange Cryptopia Halts Trading and Announces it is in the Process of Liquidation
Cryptopia, a cryptocurrency exchange headquartered in New Zealand, has halted trading and announced that it is now in liquidation.
In January, the exchange suffered a security breach in which millions of dollars were stolen. Despite the loss, management believed it could reduce costs and return the business to profitability.
Appointed liquidators, David Ruscoe, and Russell Moore from Grant Thornton New Zealand, are now in the process of securing the assets for stakeholders.
Link: The Block
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