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Google refused an order to release huge amounts of data. Will other companies bow under pressure?

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“But the incident appears to be an example of corporations struggling with how to position themselves in relation to law enforcement” writes Deanna Paul for washingtonpost.com. To counter this, law enforcement has been tacking gag orders onto warrants that forbid the named company from disclosing their existence.Still, without knowing whom the warrant was looking for or whether the suspect even used a Google device, a federal judge signed the warrant on March 30. Source: washingtonpost.com Share This:

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Crypto News 

Iconiq to Launch a Series of Asset Index Funds Including Crypto

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“The newly established asset management arm of Iconiq Holding, Iconiq Funds, announced on Friday that it is launching a series of asset index funds” reports financemagnates.com. ICNQ tokens can now be redeemed in our ecosystem for products and services provided by Iconiq Holding companies, including by our digital asset index funds to pay asset management fees to the fund manager, Iconiq Funds.The CEO OF Iconiq Holding, Patrick Lowry, added: “We have successfully positioned the ICNQ token as the token for digital asset management.Commending on the future launch of the index…

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Israeli Fintech Innovator The Floor Gets $5m Investment from China

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“The strategic investment is aimed at promoting the platform in Asia and opening the doors for the fintech innovation hub to a global market place” reports financemagnates.com. The investment is jointly made by Fosun and Fosun Hani Securities Limited.The Floor is the second investment of the Asian giant in the State of Israel.An investment from a big player on the Chinese market is opening the doors for the firm to access more potential partnerships.The Floor’s goal is to use innovative technologies such as fintech, blockchain and cyber to deliver products…

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Crypto News 

FCA: Crypto Scams are Tricking Traders With Fake Celebrity Endorsements

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“Along with the cautionary note on cryptocurrency scams, the UK regulator also added three firms to its warning list today” reports financemagnates.com. Cryptocurrency fraudsters tend to advertise on social media, often using the images of celebrities or well-known individuals to promote cryptocurrency investments.The Financial Conduct Authority (FCA) has warned that cryptocurrency scams are using images of celebrities and London addresses from wealthy areas to trick investors into investing with dodgy companies.According to the statement from the FCA: “UK consumers are being increasingly targeted by cryptocurrency-related investment scams. Source: financemagnates.com Share This:

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Creative Approaches to Marketing in the Post-ESMA Era

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“In order to reinvent the business model for the brokerage industry Non-Zero is employing both advanced technology and creative marketing” reports financemagnates.com. The month of August of 2018 is likely to be a paradigm shift in the operating and business model for retail brokers for many years to come.Depending on the broker, the Non-Zero token can be used as collateral, for commissions transactions or for purchasing certain products which are participating in a well-integrated ecosystem of service providers. Source: financemagnates.com Share This:

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Apple says no personal user data was compromised when it was hacked by a 16-year-old

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“Actual details about the hack were not revealed, but Apple says that personal user data was not compromised during the breach” writes Zach Epstein for bgr.com. The spokesperson did address user data security concerns by saying that “we … want to assure our customers that at no point during this incident was their personal data compromised.” Yes, that’s precisely the kind of response we’d expect from a tech company, especially Apple, which is always very secretive about everything.A teenager in Australia was able to hack Apple’s servers for about a…

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Apple reassures customers after teen is busted for hacking its secure network

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“An Australian teen has pleaded guilty to hacking into Apple’s secure network, but Apple says no customer data was compromised” reports cnet.com. In June, Apple updated the iPhone’s software to close a security hole that allowed access to customers’ data.Apple acknowledged the incident in statements to Reuters and The Guardian, reassuring customers that “at no point during this incident was their personal data compromised.”.  Source: cnet.com Share This:

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Apple says no personal data compromised in teenager hacking incident

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“Yesterday, we reported on a hacking incident by an Australian teenager, who downloaded about 90 GB of data from Apple servers” writes Macbook Pro With for 9to5mac.com. Apple has given a statement to the press that confirms no personal customer data was exposed or compromised in this incident.An Apple spokesman said the company’s information security personnel “discovered the unauthorized access, contained it, and reported the incident to law enforcement” without commenting further on the specifics of the case. “We … want to assure our customers that at no point during…

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Crypto News 

Crypto Dealer SFOX Raises $22.7M to Create Products for Institutional Investors

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“SFOX, a cryptocurrency dealer that offers trading services for institutional investors, has closed its Series A funding round at $22.7 million” reports financemagnates.com. Indeed, a growing number of firms are gearing their offerings toward institutional investors who are interested in the crypto space.Arjun Sethi, SFOX co-founder and partner at Tribe Capital, said that SFOX works to boost trading liquidity while simultaneously minimizing the impact of high-volume trading on the crypto markets.The leading investors in the round, Tribe Capital and Social Capital, were announced yesterday. Source: financemagnates.com Share This:

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