55,000 Brazilians scammed out of $200M+ worth of fake cryptocurrency

A Brazilian cryptocurrency crime cartel has been shut down after conning over 55,000 investors for over $200 million. The cartel ran an unlicensed financial institution without authorization from Brazil’s Central Bank. The scammers claimed to offer cryptocurrency investments and promised investors 15-percent returns on their capital, local news Correio Do Povo reports. The Federal Revenue Service said the company had managed to raise around R$850 million ($210 million) by February 2019 from would-be investors. Authorities believe the number could actually be closer to R$1 billion ($248 million), though. The illegal operation has since been dismantled following a joint operation between…

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Source:: The Next Web – Technology


EE will beat Vodafone with launch of UK’s first 5G network on May 30th

EE’s 5G network will launch in the UK next week on May 30th, four days before Vodafone launches its rival service on July 3rd. EE’s service will be available in six cities at launch — London, Edinburgh, Cardiff, Belfast, Birmingham, and Manchester — and the operator says it plans to add ten more cities in 2020.

Although EE’s network is launching first, Vodafone’s network is due to be available in more cities initially. Vodafone’s network will be available in seven cities at launch — Bristol, Glasgow, Manchester, Liverpool, Cardiff, Birmingham, and London. Along with EE’s launch, this means that residents of Cardiff, Birmingham, and London will soon have two 5G networks to choose from.

Say hello to #5GEE.

Next week you’ll be able to…

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Source:: The Verge – All Posts


Letter: Yosemite, Marin and rental cabins elsewhere pose grave risks

Cabins pose grave risks, need
more public health oversight

In 2012, someone we know tragically became a victim of the Yosemite cabins hantavirus outbreak. We had been invited on that trip.

Today, my daughter and I, and nearly 70 of her classmates, will be receiving our third (out of a series of four) rabies shot, as a result of sleeping in a bat-infested cabin during a school field trip to Marin County.

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It appears more oversight is still needed for preventing such public health emergencies.

Giorgio Cosentino

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Source:: The Mercury News – Health


Transferwise — a $3.5 billion unicorn that’s now one of Europe’s biggest fintechs — says it’s ramping up US expansion, hiring hundreds, and mulling an IPO

TransferWise founders Kristo Kaarmann, right, and Taavet Hinrikus.

One of the largest fintechs in Europe has boosted its valuation following a secondary funding round from investors including BlackRock.
“We will be further expanding in the US sooner rather than later,” CFO Matt Briers told Business Insider.
Now valued at $3.5 billion, the London-based fintech maintains its intention to one day go public.
While an IPO is on the cards, “private markets are both strong and liquid for companies like us,” he said.

Transferwise today announced it had secured secondary funding worth $292 million, making it the fifth most valuable unicorn on the continent.

CFO Matt Briers outlined his strategy in an interview just before the announcement. The company on Wednesday said American growth funds Lead Edge Capital, Lone Pine Capital and Vitruvian Partners led its fundraise while investors Baillie Gifford and Andreessen Horowitz boosted their holdings.

“We will be further expanding in the US sooner rather than later,” Briers said in the interview. The fintech, founded in 2011, is now valued at $3.5 billion. BlackRock managed funds also piled into the fundraising.

“Our borderless account has been popular in the UK and the opportunity for customers in the US to send and receive payments in different currencies with a debit card will be launching this year.”

Part of the expansion will include the hiring of some 750 staff in the next 12 months, adding to an existing 1600 global workforce. The company also plans to boost its presence in the Asia Pacific region.

The secondary funding is uncommon in Europe and these deals, where existing shareholders sell off their shares, are not generally publicized. Transferwise has now raised $689 million in primary and secondary funding.

It’s another important step for one of Europe’s hottest fintechs as the company bids to scale its payments business globally. The US already makes up a sizeable portion …read more

Source:: Business Insider


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