Mexico authorities warn of risks of cryptocurrencies

MEXICO CITY (Reuters) - Mexico’s finance ministry and central bank warned on Wednesday of the risks associated with cryptocurrencies and investment schemes known as initial coin offerings. FILE PHOTO - A man touches a screen of a bitcoin ATM in Vilnius, Lithuania December 6, 2017. REUTERS/Ints...

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Three men to plead guilty to crimes tied to 2016 botnet attacks

(Reuters) - A former Rutgers University student and two other men have agreed to plead guilty to computer crimes related to the creation and use of the Mirai botnet, a network of infected electronics equipment used to knock major websites offline in massive 2016 cyber attacks, according to court doc...

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T-Mobile to launch new television service in 2018, acquire Layer3 TV

NEW YORK (Reuters) - T-Mobile US Inc will launch a new television service in 2018 and acquire television technology company Layer3 TV Inc for an undisclosed amount, the U.S. No. 3 wireless carrier said on Wednesday. FILE PHOTO: A T-Mobile logo is advertised on a building sign in Los Angeles, Califor...

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Bitcoin fever exposes crypto-market frailties

LONDON/NEW YORK (Reuters) - As bitcoin raced to another record high on Tuesday, one of the biggest providers of digital currency wallets, Coinbase, went down under the weight of traffic, leaving many of its more than 10 million customers unable to access their funds. FILE PHOTO: A coin representing ...

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Finisar gets $390 million from Apple to make more iPhone X chips

(Reuters) - Finisar Corp is getting a $390 million investment from Apple Inc to revive a plant in Texas, which will boost production of chips that power high-profile iPhone X features including Face ID and portrait mode photos. FILE PHOTO: The Apple logo is pictured inside the newly opened Omotesand...

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France proposes age-of-consent rule for Facebook users

PARIS (Reuters) - All French children under the age of 16 will have to seek parental approval to open an account on Facebook or any other social network under draft legislation presented on Wednesday. FILE PHOTO: A giant logo is seen at Facebook's headquarters in London, Britain, December 4, 2017. R...

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U.S. says hacker to plead guilty for role in 2016 cyber attacks

(Reuters) - The U.S. Department of Justice has caught one of the people involved in creating the Mirai botnet, a network of infected electronics equipment used to knock major websites offline in massive 2016 cyber attacks, according to court papers. Paras Jha has agreed to plead guilty to computer-c...

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Greek top court clears way for U.S. extradition of Russian cybercrime suspect

ATHENS (Reuters) - Greece’s top court cleared the way on Wednesday for the extradition to the United States of a Russian man, also wanted in Moscow, suspected of having laundered billions of dollars in the digital currency bitcoin. A final decision on where Alexander Vinnik is extradited to no...

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Apple to invest $390 million in Finisar to ramp up chip production

(Reuters) - Apple Inc will give Finisar Corp $390 million to increase production of chips that power high-profile iPhone X features including Face ID, Animojis and portrait-mode photos. FILE PHOTO: The Apple logo is pictured inside the newly opened Omotesando Apple store at a shopping district in To...

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Deutsche Telekom, EWE to invest 2 billion euros in German fiber buildout

BERLIN (Reuters) - Deutsche Telekom is partnering with EWE AG [LANDWE.UL] to invest 2 billion euros ($2.4 billion) in building out a superfast glass-fiber broadband network in northwestern Germany, the companies said on Wednesday. FILE PHOTO: A logo of Germany's telecommunications giant Deutsche Tel...

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Behind bitcoin boom, Japanese retail investors pile in

TOKYO (Reuters) - Japan’s army of retail investors, no strangers to high risk bets in the past, have emerged as a major force in bitcoin’s spectacular rally, now accounting for an estimated 30-50 percent of trading in the cryptocurrency as it spikes to record highs. FILE PHOTO: A logo of...

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Toyota, Panasonic consider joint development of EV batteries

TOKYO (Reuters) - Toyota Motor Corp and Panasonic Corp said on Wednesday they are considering jointly developing batteries for electric vehicles (EVs), a partnership that could help Panasonic extend its market lead in automotive lithium-ion batteries. Toyota Motor Corp President Akio Toyoda (L) and ...

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Toyota and Panasonic eye joint development of new EV batteries

TOKYO (Reuters) - Japan’s Panasonic Corp and Toyota Motor Corp said on Wednesday they will consider jointly developing batteries for electric vehicles. Toyota Motor Corp President Akio Toyoda (L) and Panasonic Corp President Kazuhiro Tsuga attend a joint news conference in Tokyo, Japan, Decemb...

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South Korea considers cryptocurrency tax as regulators grapple with 'speculative mania'

SEOUL (Reuters) - South Korea said on Wednesday it may tax capital gains from cryptocurrency trading as global regulators worried about a bubble, with Australia’s central bank chief warning of a ‘speculative mania” that has seen the digital asset making rip-roaring gains. FILE PHOT...

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AT&T begins testing high-speed internet over power lines

NEW YORK (Reuters) - AT&T Inc has started trials in Georgia state and a non-U.S. location to deliver high-speed internet over power lines, the No. 2 wireless carrier said on Wednesday, marking its latest push to offer faster broadband service to more customers. The AT&T logo is pictured duri...

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Founder of China's embattled LeEco placed on debt blacklist

SHANGHAI (Reuters) - The high-profile founder of struggling Chinese tech conglomerate LeEco has been placed on an official blacklist of debt defaulters, a further blow to a firm that had spent heavily to compete in areas from smart cars to online entertainment. Jia Yueting, co-founder and head of Le...

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Google launching artificial intelligence research center in China

BEIJING (Reuters) - Alphabet Inc’s Google said on Wednesday it is opening an artificial intelligence (AI) research center in China to target the country’s local talent, even as the U.S. search firm’s products remain blocked in the country. The Google logo is pictured atop an office...

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Ex-Trump aide Carter Page tells court to stop AT&T Time Warner deal

WASHINGTON (Reuters) - Former Trump campaign adviser Carter Page argued in court papers on Tuesday that AT&T Inc (T.N) should not be permitted to buy CNN parent Time Warner Inc (TWX.N) because there was a risk it would lead to “recklessness” in journalism. FILE PHOTO - One-time advis...

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Advocates ready legal showdown with FCC on net neutrality

WASHINGTON (Reuters) - Net neutrality advocates said they are gearing up for a legal fight after abandoning attempts to convince the U.S. Federal Communications Commission to keep 2015 rules aimed at maintaining an open internet. FILE PHOTO: Ajit Pai, Chairman of the Federal Communications Commissio...

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Trump signs into law U.S. government ban on Kaspersky Lab software

WASHINGTON (Reuters) - President Donald Trump signed into law on Tuesday legislation that bans the use of Kaspersky Lab within the U.S. government, capping a months-long effort to purge the Moscow-based antivirus firm from federal agencies amid concerns it was vulnerable to Kremlin influence. The lo...

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Bitcoin hits another record high in march toward $20,000

NEW YORK (Reuters) - Virtual currency bitcoin hit another all-time peak on Tuesday, two days after the launch of the first ever bitcoin futures on a U.S. exchange and ahead of the start of another futures contract next week, as investors grew optimistic that the $20,000-mark is within reach. A Bitco...

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Tezos director resigns, sowing more uncertainty at crypto startup

LONDON/ZURICH (Reuters) - One of the three board members of the Swiss foundation that conducted the online fundraiser for the embattled Tezos cryptocurrency tech project has resigned, Reuters has learned. Photo illustration shows detail of Tezos website, October 10, 2017. REUTERS/Dado Ruvic/Illustra...

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Twitter to let users make tweet threads more easily

(Reuters) - Twitter said on Tuesday it would add a pair of buttons that will allow users to more easily see and add new tweets to existing ones on the same topic. The Twitter logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2016. ...

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Lyft starts Canada service in first international foray

(Reuters) - U.S. ride-hailing firm Lyft Inc on Tuesday launched its service in Toronto, the first international market for the rival of much larger Uber Technologies Inc [UBER.UL]. FILE PHOTO: An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017....

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Facebook to book advertising revenue locally amid political pressure

BRUSSELS (Reuters) - Social media giant Facebook said on Tuesday it would start booking advertising revenue locally instead of re-routing it via its international headquarters in Dublin although the move is unlikely to result in it paying much more tax. FILE PHOTO: Facebook logo is seen at a start-u...

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AIG launches new cyber threat analysis to gauge companies' risks

(Reuters) - American International Group Inc (AIG.N) has ramped up its analysis for insuring against cyber attacks, using a system that scores a company’s risk of having a breach along with safeguards it has in place, the insurer said on Tuesday. FILE PHOTO: The AIG logo is seen at its buildin...

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PepsiCo makes biggest public pre-order of Tesla Semis: 100 trucks

SEATTLE (Reuters) - PepsiCo Inc (PEP.N) has reserved 100 of Tesla Inc’s (TSLA.O) new electric Semi trucks, the largest-known order of the big rig, as the maker of Mountain Dew soda and Doritos chips seeks to reduce fuel costs and fleet emissions, a company executive said on Tuesday. FILE PHOTO...

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Airbnb drops controversial payment card in France

PARIS (Reuters) - Short-term rental website Airbnb has agreed to withdraw a controversial payment system in France after government officials, including finance minister Bruno Le Maire, met with its managers on Monday. FILE PHOTO: French Finance Minister Bruno Le Maire delivers a speech as he attend...

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Bitcoin slips to around $16,300, futures volumes drop

SINGAPORE (Reuters) - Virtual currency bitcoin dipped slightly from the previous session’s record highs on Tuesday, after a month of whirlwind and volatile gains leading up to the launch of bitcoin futures on the weekend. A Bitcoin (virtual currency) coin is seen in an illustration picture tak...

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Singapore's electric car-sharing program hits the road

SINGAPORE (Reuters) - Singapore launched on Tuesday its first large-scale electric car-sharing program through which the land-scarce city-state hopes to provide commuters with more transport options and steer them away from the need to buy their own cars. A BlueSG electric car-sharing vehicle is par...

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