Apple’s Killing the Password. Here’s Everything You Need to Know
With iOS 16 and macOS Ventura, Apple is introducing passkeys—a more convenient and secure alternative to passwords. Powered by...
Report: Judge in MTI Liquidation Case Issues Order Designating Bitcoin an Intangible Asset
A judge in the collapsed online bitcoin trading platform Mirror Trading International’s liquidation case has issued a provisional liquidation order that outlines the criteria to be used when reimbursing investors. The order also reportedly directs the liquidators to regard bitcoin “as [an] intangible asset that constitute[s] property.” Claims for Reimbursement Must Be Submitted in Local Currency A South African High Court judge...
Investor Sues Korean Crypto Exchange for Delaying Coin Transfer Before Luna Crash
A cryptocurrency investor has reportedly sued South Korean crypto exchange Upbit after the trading platform delayed processing his luna coin transfer prior to its crash. The Korean crypto exchange is investigating the details of the lawsuit. Upbit Sued by Crypto Investor Dunamu Inc., the company that operates the South Korean cryptocurrency exchange Upbit, has been sued by a crypto investor, a man in his 50s, Korea Joongang Daily...
Apple Shielded From Crypto Wallet App Lawsuit, Judge Rules
A federal judge in California has ruled that Apple Inc. is shielded from the “Toast Plus” class action lawsuit where a fake crypto wallet app was available in the Apple App Store. A customer sued the tech giant after downloading the fraudulent app and lost some crypto. Apple Not Liable for Loss After Customer Downloaded Fake Crypto App Judge Phyllis J. Hamilton of the U.S. District Court for the Northern District of California has...
IMF Bailout Could Be in UK’s Future, Says Strategist
Mizuho Securities’ head of global macro strategies has warned that an IMF bailout may be in the U.K.’s future. Moreover, a former chancellor of the exchequer cautioned that Britain is entering a long and severe recession, emphasizing that it’s “the worst since 1990 and it may be the worst since before that.” Strategist Discusses Possibility of IMF Bailout for the UK Peter Chatwell, head of global macro strategies at Mizuho Securities,...
