Month: August 2014

World’s first government-backed digital currency to launch in December

It doesn’t yet have a name, but Ecuador’s new government-backed virtual currency is coming. That’s the thrust of a new report from the Associated Press, Source: www.engadget.com Ecuador wants to go first with their own (government-backed) virtual currency. A lot many countries will be monitoring this closely.  — This page was last updated on August …

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Tencent and Baidu Team Up To Challenge Alibaba

The e-commerce war in China is heating up to a level never seen before — two Chinese internet giants, Tencent and Baidu, are teaming up in e-commerce to take on the country’s… Keep reading → Source: thenextweb.com Clash of the Titans? (they could be cousins ya know!) — This page was last updated on August 30, 2014.

FBI Examining Whether Russia Is Tied to JPMorgan Hacking

Russian hackers attacked the U.S. financial system in mid-August, infiltrating and stealing data from JPMorgan Chase & Co. and at least one other bank, an incident the FBI is investigating as a possible retaliation for government-sponsored sanctions, according to two people familiar with the probe. Source: www.bloomberg.com How soon will the disclosures come out? that …

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