Walmart's tech incubator buys VR startup Spatialand

(Reuters) - Walmart Inc’s technology incubator, Store No 8, said it bought virtual reality startup Spatialand to build VR products for the retailer’s stores and websites. Spatialand, which worked with Store No 8 on a VR project last year, is a software platform that helps create virtual ...

Continue reading

Senate to spotlight virtual currencies as bitcoin plunges

WASHINGTON (Reuters) - Digital currencies such as bitcoin will be in the spotlight again on Tuesday as lawmakers in the U.S. Senate question top markets watchdogs over how to better regulate the highly volatile and risky emerging asset class. Christopher Giancarlo, chairman of the Commodity Futures ...

Continue reading

South Korean intelligence says North Korean hackers possibly behind Coincheck heist: sources

SEOUL (Reuters) - South Korea’s intelligence agency told lawmakers North Korean hackers could have been behind the $530 million theft of virtual coins from a Japanese cryptocurrency exchange last month, people familiar with the matter told Reuters on Tuesday. The people, who had knowledge of p...

Continue reading

China prepares fresh ICO rules, eyes overseas platforms: China Daily

SHANGHAI (Reuters) - China is preparing fresh regulations to further restrict initial coin offerings, especially via overseas platforms, the China Daily newspaper reported on Tuesday citing a source close to the matter. The official English-language newspaper said the People’s Bank of China (P...

Continue reading

Seattle says Facebook is violating city campaign finance law

SAN FRANCISCO (Reuters) - Seattle’s election authority said on Monday that Facebook Inc is in violation of a city law that requires disclosure of who buys election ads, the first attempt of its kind to regulate U.S. political ads on the internet. Facebook must disclose details about spending i...

Continue reading

Apple supplier Skyworks' revenue rises 15 percent

(Reuters) - Apple supplier Skyworks Solutions Inc (SWKS.O) reported a 15 percent rise in quarterly revenue on Monday, helped by strong demand for its wireless chips and technology that powers Internet of Things. However, net income fell to $70.4 million, or 38 cents per share, for the first quarter ...

Continue reading

Seattle finds Facebook in violation of city campaign finance law

SAN FRANCISCO (Reuters) - Seattle’s election authority said on Monday that Facebook Inc is in violation of a city law that requires disclosure of who buys election ads, the first attempt of its kind to regulate U.S. political ads on the internet. Facebook must disclose details about spending i...

Continue reading

Bitcoin extends slide, falls below $7,000

NEW YORK (Reuters) - Digital currency bitcoin BTC=BTSP fell more than 15 percent on Monday to a nearly three-month low amid a slew of concerns ranging from a global regulatory clampdown to a ban on using credit cards to buy bitcoin by British and U.S. banks. On the Luxembourg-based Bitstamp exchange...

Continue reading

Broadcom unveils $121 billion 'best and final' offer for Qualcomm

(Reuters) - Broadcom Ltd made a $121 billion “best and final offer” on Monday to acquire Qualcomm Inc, ratcheting up pressure on its U.S. semiconductor peer to engage in talks on what would be the biggest ever technology acquisition. The takeover battle is at the heart of a race to conso...

Continue reading

U.S. regulators to back more oversight of virtual currencies

WASHINGTON (Reuters) - Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top U.S. markets regulators will tell lawmakers at a congressional hearing on Tuesday. Christopher Giancarlo, chairman of the Commodity Futures Trading Commiss...

Continue reading

Alleged Spam Kingpin ‘Severa’ Extradited to US

Peter Yuryevich Levashov, a 37-year-old Russian computer programmer thought to be one of the world’s most notorious spam kingpins, has been extradited to the United States to face federal hacking and spamming charges. Levashov, in an undated photo. Levashov, who allegedly went by the hacker na...

Continue reading

Alleged Spam Kingpin ‘Severa’ Extradited to US

Peter Yuryevich Levashov, a 37-year-old Russian computer programmer thought to be one of the world’s most notorious spam kingpins, has been extradited to the United States to face federal hacking and spamming charges. Levashov, in an undated photo. Levashov, who allegedly went by the hacker na...

Continue reading

Qualcomm shares fall as reports say Apple may scrap its chips

(Reuters) - Qualcomm Inc’s (QCOM.O) shares fell 3 percent on Monday after two brokerages said Apple Inc (AAPL.O) might drop the chipmaker in favor of Intel Corp (INTC.O) as the supplier for modem chips in its next generation of iPhones. Qualcomm has been a supplier of components to Apple for y...

Continue reading

U.S. regulators to back more oversight of virtual currencies: testimony

WASHINGTON (Reuters) - Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top U.S. markets regulators will tell lawmakers at a hotly anticipated congressional hearing on Tuesday. Christopher Giancarlo, chairman of the Commodity Futur...

Continue reading

Qualcomm shares fall as reports say Apple will dump chips

(Reuters) - Qualcomm Inc’s (QCOM.O) shares fell 3 percent on Monday after two brokerages said Apple Inc (AAPL.O) might drop the chipmaker in favor of Intel Corp (INTC.O) as the supplier for modem chips in its next generation of iPhones. Qualcomm has been a supplier of components to Apple for y...

Continue reading

Qualcomm shares falls as report says Apple will dump chips

(Reuters) - Qualcomm Inc (QCOM.O) shares fell 2 percent on Monday after KGI Securities said Apple Inc (AAPL.O) might drop the chipmaker in favor of Intel Corp (INTC.O) as the supplier for modem chips in its next generation of iPhones. Qualcomm has been a supplier of components to Apple for years but...

Continue reading

Bitcoin extends slide with a more than 10 percent fall

LONDON (Reuters) - Bitcoin BTC=BTSP, the world's best-known cryptocurrency, fell more than 10 percent on Monday and approached three-month lows on concerns about a global regulatory clampdown on the trading of the digital coins. On the Luxembourg-based Bitstamp exchange, Bitcoin traded as low as $7,...

Continue reading

Damp iPhone demand to pressure RF chipmakers, Morgan Stanley says

(Reuters) - Disappointing iPhone sales and a build up in Apple Inc’s (AAPL.O) inventory would continue to pressure radio frequency (RF) chipmakers such as Skyworks Solutions Inc (SWKS.O) and Qorvo Inc (QRVO.O), brokerage Morgan Stanley said on Monday. While the market for RF chips is expanding...

Continue reading

Broadcom sweetens Qualcomm bid, calling it the final offer

(Reuters) - Chipmaker Broadcom Ltd on Monday raised its offer to buy Qualcomm Inc by 24 percent to more than $121 billion, sweetening the bid and putting more pressure on its rival to come to the table for negotiations. “Qualcomm and its board now have a tough decision as this is a compelling ...

Continue reading

Apple, Cisco team up with insurance companies to offer cyber policy discounts

(Reuters) - Apple Inc and Cisco Systems Inc have teamed up with insurer Allianz SE to offer discounts on cyber insurance to businesses that primarily use equipment from both technology companies, they said on Monday. The arrangement, which also includes insurance broker Aon Plc, will help businesses...

Continue reading