Collaborate Disseminate
An anonymous reader quotes a report from Reuters: El Salvador’s President Nayib Bukele said on Thursday he will send to the country’s Congress next week a bill to eliminate all taxes on technology innovations as well as computing and communications har… Continue reading El Salvador President Readies Bill To Eliminate Taxes On Tech
After a years-long wait, Apple Pay today launched in South Korea, allowing those living in the country to use Apple’s payment system to make contactless payments using the iPhone or Apple Watch. MacRumors reports: Apple has been working to bring Apple … Continue reading Apple Pay Launches In South Korea
Despite the economic uncertainty, 57% of organizations plan to increase their cybersecurity budgets in 2023, according to a survey from Arctic Wolf. This highlights a powerful trend: critical needs like security must be addressed even with IT budgets t… Continue reading How to best allocate IT and cybersecurity budgets in 2023
SVB Financial Group, the former parent company of Silicon Valley Bank, the lender that was seized by regulators last week after a devastating run on deposits, filed for bankruptcy on Friday. From a report: The move would place SVB Financial, which owns… Continue reading Parent Company of Silicon Valley Bank Files for Bankruptcy
Liquidators at FTX said that founder Sam Bankman-Fried had received $2.2 billion in “loans and payments” while he was allegedly running a massive fraud at the crypto exchange. From a report: According to FTX’s bankruptcy court filing, Bankman-Fried got… Continue reading FTX Says Bankman-Fried Took $2.2 Billion
Some of the biggest banks in the U.S. are stepping in to save First Republic Bank. From a report: A group of 11 lenders including J.P.Morgan, Bank of America, Citigroup and Wells Fargo said they will deposit $30 billion in First Republic Bank in an eff… Continue reading First Republic Bank Becomes the Latest Bank To Be Rescued, This Time By Its Rivals
North Korean hackers alone used the tool to launder bitcoin worth more than $700 million.
The post Police shut down cryptocurrency mixer linked to laundering more than $3 billion in criminal funds appeared first on CyberScoop.
Today U.S. Treasury Secretary Janet Yellen said Silicon Valley Bank would not be bailed out by the federal government. But the government is working on helping depositors, Yellen said on the CBS News show Face the Nation.
The Associated Press reports… Continue reading No Federal Bailout for SVB, Says US. Bank Had Weakened Regulations, Paid Bonuses
“Crypto firms should do their work within the bounds of the law, or they shouldn’t do it at all,” says the head of America’s Securities and Exchange Commission, which regulates US. investment markets.
In an editorial published in The Hill, SEC chair … Continue reading Head of America’s SEC: Crypto Firms Should Comply With US Regulations
Roku has $487 million of cash and cash equivalents in uninsured deposits at failed Silicon Valley Bank, the streaming media company said in an filing on Friday with the Securities and Exchange Commission. CNBC reports: About 26% of Roku’s $1.9 billion … Continue reading Roku Says 26% of Its Cash Reserves Are Stuck In SVB