The FinTech Hub
Source: The Verge MGM Resorts International has agreed to pay $45 million to settle a lawsuit over data breaches that collectively exposed the personal information of 37 million customers. The case consolidated 22 class-action lawsuits filed over two security incidents: a data breach in 2019, and a ransomware attack in 2023. Lawyers for the victims…
Source: Venture Beat D3 Global, the a decentralized domain name company, has raised $25 million to modernize the way that internet domain names operate. Read Full Article
Source: The Verge When TikTok went off the air (to use a very old-fashioned phrase), there was a scramble to find an alternative to its shortform video feed — and a similar scramble by various social networks to provide that alternative. (In fact, while I was writing this, Tumblr launched its new Tumblr TV feature.)…
Source: Venture Beat Comcast is unveiling ultra-low lag connectivity when it comes to highly interactive applications like gaming, video conferencing and virtual reality. Read Full Article
Source: Bitcoinist Often considered as a safe-haven asset during economic crisis, Bitcoin has created a special niche in finance. Its distributed character, free from conventional financial restrictions, gives it a unique appeal. Its volatility, however, calls to question its dependability. While some consider the crypto as too unstable for actual safe-haven status, others see it…
Source: Live Mint Credit cards are no longer just a luxury but have become a necessity in our daily lives. With credit cards you do not have to worry about spending cash immediately out of your wallet as the card issuer makes payments on your behalf which you are bound to repay in the next…
Source: Coin Tegraph Ethereum’s upcoming Pectra hard fork brings huge improvements for users — but the single most important scaling upgrade has been left out. Read Full Article
Source: The Verge Spirit Airlines has rejected yet another acquisition bid from Frontier, which would’ve merged the two companies to create the fifth-largest airline in the US, as reported earlier by Reuters. In a filing with the Securities and Exchange Commission, Spirit called Frontier’s deal ”woefully insufficient financially” compared to the $2.9 billion agreement tossed…
Source: Live Mint TORONTO, Jan 29 (Reuters) – The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and warned Canadians that a tariff war triggered by the United States could cause major economic damage. MARKET REACTION: LINK: https://www.bankofcanada.ca/2025/01/fad-press-release-2025-01-29/ COMMENTS ANDREW KELVIN, HEAD OF CANADIAN…
Source: Bitcoinist After a period of heightened volatility due to a broader market crash, Bitcoin appears to be regaining an upside trajectory as prices continue to hold above the $102,000 mark. BTC may be demonstrating the potential for a notable rebound, but negative sentiment persists among large Bitcoin holders. Huge Sell-Offs Among 10-100 Bitcoin Holders…
