Financial

Venmo app ditches global payments feed as part of big privacy redesign

Venmo app ditches global payments feed as part of big privacy redesign

PayPal-owned Venmo, the app used to quickly and easily send funds to friends and family, has rolled out a major redesign that, in part, improves the platform's privacy. The change follows criticism about certain aspects of the platform that reached a peak back in May when a report detailed the discovery of President Biden's Venmo account.

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Watch Malaysian officials destroy hundreds of mining rigs with steamroller

Watch Malaysian officials destroy hundreds of mining rigs with steamroller

Officials in Malaysia have taken drastic measures to ensure more than a thousand mining rigs won't make their way back onto the market to siphon more energy from the nation's power grid. Local media has published a video of 1,069 mining rigs spread across the ground where they're systematically flattened using a massive steamroller.

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Apple Pay leak claims ‘buy now, pay later’ feature is in the works

Apple Pay leak claims ‘buy now, pay later’ feature is in the works

Apple is working with Goldman Sachs to launch its own 'buy now, pay later' installment service, according to a new report. People said to be insiders on the matter have shed light on the alleged upcoming feature, claiming that consumers won't need an Apple Card to utilize the upcoming offering, one similar to installment options from major companies like PayPal and Affirm.

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Super Mario 64 cartridge sells at auction for record-breaking $1.5 million

Super Mario 64 cartridge sells at auction for record-breaking $1.5 million

On Friday, it was announced that a new game cartridge auction record had been set with the sale of The Legend of Zelda for NES at $870,000. Now, only two days later, that record has already been broken with another high-figure auction, this one involving an unopened copy of Super Mario 64 sold earlier today.

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Square Bitcoin hardware wallet confirmed: Here’s what we know

Square Bitcoin hardware wallet confirmed: Here’s what we know

In early June, Jack Dorsey revealed that Square was looking into the possibility of launching its own Bitcoin hardware wallet, one that, he said at the time, would be built "entirely in the open, from software to hardware design, and in collaboration with the community." Fast-forward a little more than a month and Dorsey is back with an update on the plan.

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Researchers say they’ve found the ideal strategy to pay off student loans

Researchers say they’ve found the ideal strategy to pay off student loans

When many people near college graduation, they begin to contemplate how they'll deal with the student loans they've racked up over the past few years. The burden -- which grows more substantial with every generation -- can result in stress and, if not managed properly, may throw one's life plans off track for several years. Mathematicians with the University of Colorado at Boulder may have a solution, explaining that they developed a mathematical model to explore the ideal repayment strategy.

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Justice Department recovers 63 bitcoins paid in Colonial Pipeline ransom

Justice Department recovers 63 bitcoins paid in Colonial Pipeline ransom

The US Department of Justice has announced that it recovered more than 63 bitcoins that Colonial Pipeline had paid as part of a ransomware attack. The bitcoins are currently worth around $2.3 million, though they don't represent the full sum the pipeline company paid to the hackers behind the cyberattack.

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This old, rare wooden folding chair sold at auction for $8.5 million

This old, rare wooden folding chair sold at auction for $8.5 million

Christie's Hong Kong recently announced the results from multiple auctions, including one for a unique folding chair made of wood that was crafted and used in China during the 17th century. According to the auction house, the item sold at an amount several times higher than anticipated, ultimately going to the highest bidder for the equivalent of $8.5 million.

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Venmo is finally adding a private friend list feature following Biden report

Venmo is finally adding a private friend list feature following Biden report

Venmo, the PayPal-owned financial app that makes it easy to send money to your friends, is rolling out an important update that adds a major new privacy option. Going forward, Venmo users will have the option to hide their friend lists, making it harder for other people to identify their social circle. The change follows the discovery of President Biden's Venmo account and the people he was linked to through it.

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PayPal and Venmo are getting third-party crypto wallet support

PayPal and Venmo are getting third-party crypto wallet support

PayPal and Venmo, two popular financial apps, will soon allow users to send their cryptocurrency assets to a third-party wallet, eliminating the need to hold the digital coins on either platform. This is a more secure option for people who may have a considerable amount of cryptocurrencies, though others who prefer the convenience can leave the coins on their PayPal or Venmo accounts.

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Bitcoin briefly dropped to $30k as crypto market chaos continues

Bitcoin briefly dropped to $30k as crypto market chaos continues

The cryptocurrency market has been in a freefall in the days following Elon Musk's announcement that Tesla would no longer accept Bitcoin as a payment option for cars. Bitcoin, still the most valuable and popular cryptocurrency, briefly dropped to a low of just over $30,000 today before rebounding to around $39,000/coin.

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Coinbase is the latest crypto exchange to add dogecoin support

Coinbase is the latest crypto exchange to add dogecoin support

Coinbase, the cryptocurrency exchange that allows users to easily buy, sell, trade, and hold various cryptocurrencies, has added dogecoin to its roster. The 'joke' cryptocurrency has picked up speed in a way unanticipated years ago when it first launched, making a small number of people very wealthy while driving others to purchase the coins in hopes of reaching or exceeding a $1/coin valuation.

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