Technology

SINGAPORE/TOKYO (Reuters) – Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10 percent to be up more than a third from last week’s lows of below $12,000. Bitcoin, the world’s biggest and best-known cryptocurrency, fell nearly 30 percent at one stage on Friday to $11,159.93 and, despite a late recovery, had its worst
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SINGAPORE (Reuters) – Energy startups have been using blockchain to power electricity sharing in microgrid trials from Texas to Tasmania for a year or so. But now companies are moving beyond trials to commercial projects, leveraging the distributed ledger technology for payments and trading on a city-wide and even national scale. “What the internet did
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(Reuters) – Time Warner Inc’s CNN will stop producing its daily show on Snap Inc’s Snapchat app, called the “The Update”, from 2018, the two companies said on Friday. CNN began streaming the daily show on Snapchat in August, featuring at least five news stories in each episode from around the world in efforts to
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SAN FRANCISCO (Reuters) – Alphabet Inc (GOOGL.O) said on Thursday its Executive Chairman Eric Schmidt will step down in January, ending a 17-year-run in which he played a central role in building a promising startup called Google into a global technology powerhouse. He will continue to serve on the Alphabet’s board of directors and act
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MOSCOW/TORONTO (Reuters) – Hackers tried to steal 55 million rubles ($940,000) from Russian state bank Globex using the SWIFT international payments messaging system, the bank said on Thursday, the latest in a string of attempted cyber heists that use fraudulent wire-transfer requests. Globex President Valery Ovsyannikov told Reuters via the press service that the attempted
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LONDON (Reuters) – Bank of England Governor Mark Carney sees “fundamental problems” with the idea of a digital currency issued by a central bank that could be used by the general public. The emergence of bitcoin and other cryptocurrencies has led some economists to predict the technology could be used one day across entire economies,
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BERLIN (Reuters) – European aviation safety authorities have urged airlines to remind passengers about how best to transport electronic devices containing lithium ion batteries over the busy Christmas travel period. Lithium ion batteries, found in devices such as laptops, mobile phones, tablets, and electronic cigarettes, are seen as a fire risk, and there are concerns
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PHNOM PENH (Reuters) – Ride-hailing firm Grab on Tuesday said it has launched services in Cambodia, expanding its presence to an eighth country in Southeast Asia where it is the biggest rival of Uber Technologies Inc [UBER.UL]. The Singapore-headquartered firm said it signed a memorandum of understanding with Cambodia’s Ministry of Public Works and Transport
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COPENHAGEN (Reuters) – Potential investors in bitcoin should steer clear of a dangerous gamble and not complain to financial regulators if things do go wrong, Denmark’s central bank governor warned. “You should stay away (from bitcoin). It is deadly,” central bank head Lars Rohde said in an interview with state broadcaster DR published online on
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SAN FRANCISCO (Reuters) – Ride hailing company Uber was obligated to turn over to a U.S. federal judge a letter from a former employee that told of the company’s “fraud and theft” and mentioned evidence of stolen trade secrets nailed “like a scalp” to the wall, a court official said Friday. Special master, John Cooper,
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SEOUL (Reuters) – South Korea’s spy agency said North Korean hackers were behind attacks on cryptocurrency exchanges this year in which some 7.6 billion won ($6.99 million) worth of cryptocurrencies were stolen, a newspaper reported on Saturday. The cyber attacks attributed to North Korean hackers also included the leaking of personal information from 36,000 accounts
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