Security News

June 18, 2019

Facebook reveals Libra cryptocurrency, sparking new privacy concerns

This post was originally published on this siteFacebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns.
June 18, 2019

U.S. regulator accuses head of defunct British bitcoin company of $147 million fraud

This post was originally published on this siteA U.S. commodities regulator has filed a lawsuit accusing a defunct British cryptocurrency company and its former principal of fraudulently misappropriating at least 22,858,322 bitcoin worth $147 million from more than 1,000 customers.
June 18, 2019

U.N. surveillance expert urges global moratorium on sale of spyware

This post was originally published on this siteThe world should impose a moratorium on the sale and use of surveillance software until there are rules in place to stop governments using it to spy on their opponents and critics, a U.N. expert recommended.
June 18, 2019

Google announces $1 billion additional investment in housing across Bay Area

This post was originally published on this siteAlphabet Inc’s Google on Tuesday announced an additional $1 billion investment in housing across the San Francisco Bay Area.
June 18, 2019

BoE’s Carney says keeping open mind on Facebook’s Libra

This post was originally published on this siteBank of England governor Mark Carney has said he is keeping an ‘open mind’ on the potential utility of Facebook’s planned cryptocurrency, but warned it may face strict regulation if it takes off.
June 18, 2019

Google calendar app down globally

This post was originally published on this siteAlphabet Inc’s Google Calendar app users were unable to access their schedules on Tuesday as the app faced technical issues globally.
June 18, 2019

Lyft, Agero partner to offer rides for consumers requiring tow assistance

This post was originally published on this siteRoadside assistance provider Agero Inc said on Tuesday it would partner with ride hailing company Lyft Inc to provide rides for consumers whose cars are disabled and require a tow assistance.
June 18, 2019

World electronic gaming revenues to grow 9.6% to $152.1 billion in 2019: report

This post was originally published on this siteThe global video and electronic games market will generate $152.1 billion in 2019, up 9.6% over last year as gaming morphs into content and communication, according to a report by gaming analytics firm Newzoo on Tuesday.
June 18, 2019

Explainer: ‘Stablecoins’ in the spotlight as Facebook unveils Libra cryptocurrency

This post was originally published on this siteThe original cryptocurrency accounts for over half of the $285 billion global coin trading market. But that dominance is under threat, with a host of alternative digital coins emerging as developers race to build cryptocurrencies able to enter mainstream commerce and finance.
June 18, 2019

Facebook takes aim at e-commerce with Libra cryptocurrency

This post was originally published on this siteFacebook plans to launch a cryptocurrency called Libra next year as part of its wider efforts to expand beyond social networking into e-commerce and global payments.
June 18, 2019

Uber threatens to withdraw from Austria

This post was originally published on this siteU.S.-based ride-hailing service Uber Technologies Inc threatened on Tuesday to withdraw from Austria if a new law that would subject it to the same price regulations as taxis is adopted.
June 18, 2019

Germany to support three battery cell alliances: economy minister

This post was originally published on this siteGermany will support three company alliances with earmarked funds of 1 billion euros for the domestic production of battery cells in an effort to reduce carmakers’ dependence on Asian suppliers, Economy Minister Peter Altmaier told Reuters.
June 18, 2019

Swiss regulator says in contact with initiators of Facebook’s Libra

This post was originally published on this siteSwitzerland’s financial regulator FINMA said on Tuesday that it is in contact with the “initiators” of Libra, Facebook’s planned cyrptocurrency.
June 18, 2019

Nvidia boosts self-driving AI business with Volvo trucks deal

This post was originally published on this siteSweden’s AB Volvo is joining forces with Nvidia to develop artificial intelligence used in self-driving trucks, in a boost for the U.S. chipmaker that was ditched by Tesla last year.
June 18, 2019

India to review data storage rules that irked U.S. tech firms

This post was originally published on this siteIndia will examine concerns raised by foreign technology companies around stringent rules to store data locally, the government said on Tuesday, an issue that has upset firms such as Mastercard and also irked the U.S. government.
June 18, 2019

Truckmaker Volvo to partner with Nvidia to develop AI for driverless vehicles

This post was originally published on this siteSweden’s AB Volvo is joining forces with U.S. chipmaker Nvidia to develop artificial intelligence used in self-driving trucks, the companies said on Tuesday.
June 18, 2019

Facebook reveals Libra cryptocurrency, with lofty goals

This post was originally published on this siteFacebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments.
June 18, 2019

Factbox: Facebook’s new cryptocurrency Libra and digital wallet Calibra

This post was originally published on this siteFacebook Inc revealed plans to establish a cryptocurrency called Libra on Tuesday. It will be run by an association comprised of other corporate investors and non-profit members, with an expected launch in the first half of 2020.
June 18, 2019

Hungarian government will play role in 5G network building: minister

This post was originally published on this siteHungary’s government will have to play a role in building a 5G network in co-operation with service providers to ensure the infrastructure is put in place quickly, the innovation and technology minister said on Tuesday.
June 18, 2019

Hungary will have to play role in 5G network building: minister

This post was originally published on this siteHungary’s government will have to play some role in the construction of 5G network in co-operation with service providers to accelerate the build-up of the new infrastructure, Innovation and Technology Minister Laszlo Palkovics said.
June 18, 2019

Volkswagen aims to boost in-house software development to 60% by 2025

This post was originally published on this siteVolkswagen said on Tuesday it would put 5,000 digital experts into a new unit called “Car.Software” by 2025 as the German carmaker aims to develop at least 60% of its software in-house by then, up from less than 10% currently.
June 18, 2019

Alibaba puts CFO in charge of investment in major management reshuffle

This post was originally published on this siteChina’s Alibaba Group Holding Ltd on Tuesday unveiled its most significant business reshuffle since co-founder Jack Ma announced his pending retirement, as the e-commerce firm looks to bolster its investment focus in the face of slowing growth.
June 18, 2019

Uber to retain Careem brand for now: Careem CFO

This post was originally published on this siteUber and Middle East ride-hailing business Careem will remain separate entities until at least the first quarter of 2020, when Uber’s acquisition is expected to close, Careem’s CFO said on Tuesday.
June 18, 2019

Oil group Total hopes new supercomputer will help it find oil faster and more cheaply

This post was originally published on this siteEnergy major Total said its new supercomputer – which has propelled it to a world ranking as the most powerful computer in the sector – will enable its geologists to find oil faster, cheaper and with a better success rate.
June 18, 2019

Advertisers, agencies and social media combine to tackle online threat

This post was originally published on this siteSixteen of the world’s biggest advertisers have joined together to push platforms such as Facebook, Twitter and Google’s YouTube to do more to tackle dangerous and fake content online.