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More than 1 million people sign up for early access to Robinhood's new crypto trading service

More than 1 million people sign up for early access to Robinhood's new crypto trading service

Finance
In the latest sign of tremendous interest in cryptocurrencies, more than 1 million people have joined the waitlist for Robinhood Crypto in just four days. No-fee stock trading app Robinhood announced Thursday it was rolling out commission-free trading in digital currencies bitcoin and ethereum beginning in February. Although the service will initially only be available in just five states, within one day after that announcement hundreds of thousands of people had indicated they wanted to be notified about "early access" to cryptocurrency trading. Around 1 p.m., ET, Monday, that number had more than doubled to 1 million. If all those sign-ups become Robinhood Crypto customers, that will mark an increase of more than 30 percent to the company's overall user base of more than 3 million. "Desp...
FBI failed to access 7,000 encrypted mobile devices

FBI failed to access 7,000 encrypted mobile devices

Technology
Agents at the US Federal Bureau of Investigation (FBI) have been unable to extract data from nearly 7,000 mobile devices they have tried to access, the agency's director has said.Christopher Wray said encryption on devices was "a huge, huge problem" for FBI investigations.The agency had failed to access more than half of the devices it targeted in an 11-month period, he said.One cyber-security expert said such encryption was now a "fact of life".Many smartphones encrypt their contents when locked, as standard - a security feature that often prevents even the phones' manufacturers from accessing data.Such encryption is different to end-to-end encryption, which prevents interception of communications on a large scale.Cyber-security expert Prof Alan Woodward at the University of Surrey said d...
Australian PM seeks access to encrypted messages

Australian PM seeks access to encrypted messages

Technology
The Australian government says it wants new laws to force tech firms such as Apple and Facebook to provide access to encrypted messages.Some apps such as WhatsApp use end-to-end encryption, making messages unreadable if intercepted.Australia's Prime Minister Malcolm Turnbull has warned that encrypted messaging apps could be used by criminals and terrorists.But security experts say strong encryption protects citizens' privacy.What's the issue?Many countries, including Australia, have laws in place that can force messaging services to hand over a suspect's communications to police with an appropriate warrant.However, messaging companies cannot hand over messages that have been end-to-end encrypted because they do not receive a legible copy.Media playback is unsupported on your deviceThis enc...