Xiaomi: China’s big Apple rival isn’t worth getting excited about (yet)

Share this

Xiaomi, the third-largest smartphone maker in the world, is coming stateside, but not in the way pundits expected. The company announced at a conference Thursday that its e-commerce website, Mi.com, could start selling products to U.S. customers in five months. Surprisingly, smartphones will not be among them — at least, at first. Instead, Hugo Barra, Xiaomi’s Global VP, suggested the company might start with items such as a recently-launched pair of headphones and its popular external battery pack, the latter of which sold 15 million units in 2014. The company has…

Share this
Read More

Apple posts $18 billion profit, the largest in its history

Share this

Apple just posted its first quarter results, and as expected, it was a big one. Led once again by record sales of new iPhones and holiday sales of iPads and Macs, Apple posted earnings of $18 billion on $74.6 billion in revenue, far above what it forecasted back in October, and marking the highest quarterly profit in its history. By product, Apple sold 74.5 million iPhones, 21.4 million iPads, and 5.52 million Macs. Those numbers were up big from the number of iPhones and Macs Apple sold during the same time…

Share this
Read More

A Hacker Reveals How Your Fingerprint Could Be Easier To Hack Than A Traditional Password

Share this

A hacker has found a way to hack fingerprint passwords — and it’s as easy as taking a clear picture of someone’s hands. At the 31st annual Chaos Computer Club conference in Hamburg, Germany, Popular Science reports a hacker named Jan “Starbug” Krissler pointed out the flaws in biometric password technology, like the fingerprint sensor found on an iPhone 6. Krissler said pictures of people’s hands and fingers can be used to recreate a person’s fingerprint, which can be used to hack into any of their devices that require fingerprint password…

Share this
Read More

China gets its first online private bank, courtesy of Tencent

Share this

Chinese internet and social giant Tencent has launched the country’s first private online bank. The bank, which is called WeBank in a clear allusion to its massively popular instant messaging service WeChat, is also China’s first internet-based financial institution. The launch of WeBank sees Tencent steal a march on Alibaba and eight other private investors who were last year given permission to launch five private online banks. As Technode pointed out at the time, the pilot programme is designed to help make funding more accessible to startups and small businesses.…

Share this
Read More

Twitter sues US government over Transparency Report restrictions

Share this

Twitter has been publishing what bits of info it’s allowed to concerning national security requests for some time now, but the social media feed wants the ability to publish the whole thing. Today, the outfit filed a lawsuit aiming to get approval to post its entire transparency report. In a blog post, VP of Legal Ben Lee says that the company is asking a California District Court “to declare these restrictions on our ability to speak about government surveillance as unconstitutional under the First Amendment.” As is stands, Twitter and…

Share this
Read More

Disrupting mobile banking in Kenya; Equity Bank joins the list

Share this

EQUITY Bank, whose micro-loans offerings have helped increase the number of Kenyans using formal financial services, is looking to break into Kenya’s booming mobile telecoms market. The bank says it will use the Mobile Virtual Network Operator licence it was granted in April to make financial services even more accessible and affordable. Kenyans transacted more than US$20 billion through their mobile phones in 2013, and Kenya leads the world in its adoption of mobile payments. Equity is looking to tap into this booming market by employing innovative Taiwanese-made ultra-slim “subscriber…

Share this
Read More

African Mobile Money platform Mpesa adopted in Europe

Share this

Vodafone brings Africa’s M-Pesa mobile money to Europe * Launch targets 7 mln in Romania who mainly use cash * M-Pesa has 16.8 mln active customers in emerging markets * Mobile payments expected to grow rapidly in coming years By Kate Holton LONDON, March 31 (Reuters) – Vodafone brought the mobile money service that has revolutionised banking in Africa to Romania on Monday, offering M-Pesa text-message transactions to millions of customers in its first push into Europe. Vodafone said it had chosen Romania to target the seven million people there…

Share this
Read More

Ericsson chosen for money platform in Peru

Share this

Asbanc, Peru’s national bank association, has chosen Ericsson to design and build what is claimed will be the country’s largest private initiative aimed at financial inclusion. The aim is to deliver the underlying infrastructure over which financial services can be pitched to the country’s mobile users, most of whom do not have access to traditional bank accounts. The platform will have a staged rollout but Asbanc wants to see services generally available in Peru during 2015. Ericsson’s platform is intended to host services from different financial institutions and other companies…

Share this
Read More

Understanding the Copyright’s Volition Requirement After Aereo

Share this

Jonathan’s post continues DisCo’s ongoing coverage of the Aereo case.  Last week, Prof. Michael Carrier wrote a post for DisCo on the possible effect of Aereo on investment.  Previously, DisCo writer Matt Schruers guest-posted on SCOTUSblog about how Aereo creates uncertainty for the cloud. One of the great attractions (or frustrations) of copyright law is that it is based on metaphysical distinctions. The most obvious of these is the idea/expression dichotomy. The Second Circuit in Computer Associates v. Altai observed that “drawing the line between idea and expression is a tricky business.”…

Share this
Read More

Historic eBay password database hack, Change your password!

Share this

eBay revealed that attackers “compromised a database containing encrypted passwords and other non-financial data” between late February and early March. The database included names, e-mail addresses, home addresses, phone numbers, and dates of birth. While there is “no evidence of the compromise resulting in unauthorized activity for eBay users,” the company is recommending that users change their passwords. The attackers were able to log in to eBay employee accounts.”Cyberattackers compromised a small number of employee log-in credentials, allowing unauthorized access to eBay’s corporate network,” the eBay announcement said. “Working with law…

Share this
Read More