Reuters – Page 4 – Network Securitas

March 3, 2016

Iceland’s Genesis launches first bitcoin mining fund

This post was originally published on this site A Bitcoin logo is displayed at the Bitcoin Center New York City in New York’s financial district July 28, 2015. Reuters/Brendan McDermid Genesis Mining, which provides computer equipment to create bitcoins in the cloud, on Thursday launched the world’s first fund that invests in hardware used to create the digital currency. Bitcoins are created through a “mining” process involving computer algorithms on equipment owned or rented out by companies such as Iceland-based Genesis. Bitcoins, which are worth more than $400 each, can be purchased from trading exchanges such as BitStamp and Kraken. […]

March 3, 2016

U.S. Chamber of Commerce sues Seattle over Uber, Lyft ordinance

This post was originally published on this site An Uber representative registers people on his smartphone during the kick off of a citywide jobs tour in the Queens borough of New York July 21, 2015. Reuters/Shannon Stapleton The U.S. Chamber of Commerce sued the city of Seattle on Thursday over an ordinance that allows drivers of ride-hailing apps Uber [UBER.UL] and Lyft to unionize, saying it violates federal antitrust laws. Seattle last year became the first U.S. city to pass a law giving drivers for companies such as Uber and Lyft, as well as taxi and for-hire drivers, the right […]

March 3, 2016

Snapchat raises $175 million from Fidelity in latest round of funding: WSJ

This post was originally published on this site A billboard displays the logo of Snapchat above Times Square in New York March 12, 2015. Reuters/Lucas Jackson Snapchat Inc has raised $175 million in fresh funding from Fidelity Investments, giving the company the same $16 billion valuation it had a year ago, the Wall Street Journal reported, citing people familiar with the matter. Fidelity bought shares of the company at $30.72 per share in February, the same price as when it bought Snapchat shares last March, the newspaper reported. (on.wsj.com/1WYbSOC) The video messaging app provider had formed a partnership with Viacom […]

March 4, 2016

China lays out its vision to become a tech power

This post was originally published on this site China aims to become a world leader in advanced industries such as semiconductors and in the next generation of chip materials, robotics, aviation equipment and satellites, the government said in its blueprint for development between 2016 and 2020. In its new draft five-year development plan unveiled on Saturday, Beijing also said it aims to use the internet to bolster a slowing economy and make the country a cyber power. China aims to boost its R&D spending to 2.5 percent of gross domestic product for the five-year period, compared with 2.1 percent of […]