SEC halts trading in crypto firm after eye-popping rise

(Reuters) - U.S. securities regulators on Tuesday temporarily suspended trading in the shares of Crypto Company, a small firm that saw its stock rise more than 2,700 percent this month after signing a deal to buy a cryptocurrency data platform. The U.S. Securities and Exchange Commission cited conce...

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Facebook to notify users when photos of them are uploaded

SAN FRANCISCO (Reuters) - Facebook Inc said on Tuesday it would begin using facial recognition technology to tell people on the social network when others upload photos of them, if they agree to let the company keep a facial template on file. The company said in a statement that it was making the fe...

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U.S. says Facebook, Microsoft disabled North Korean cyber threats

WASHINGTON (Reuters) - Facebook Inc and Microsoft Corp acted last week to disable a number of potential North Korean cyber threats, a senior White House official said, as the United States publicly blamed Pyongyang for a May cyber attack that crippled hospitals, banks and other companies. “Fac...

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SEC suspends trading in tiny firm after eye-popping rise

(Reuters) - U.S. securities regulators have temporarily suspended trading in the shares of Crypto Company, a small California firm whose stock sky-rocketed more than 2,700 percent this month. The U.S. Securities and Exchange Commission in a press release on Monday raised concerns about the accuracy ...

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U.S. says Facebook, Microsoft disabled North Korean cyber actions

WASHINGTON (Reuters) - Facebook Inc (FB.O) and Microsoft Corp (MSFT.O) acted last week to disable a number of North Korean cyber actions, White House homeland security adviser Tom Bossert said on Tuesday as the United States publicly blamed Pyongyang for a May cyber attack that crippled hospitals, b...

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UPS pre-orders 125 Tesla electric semi-trucks, largest order yet

DETROIT (Reuters) - United Parcel Service Inc (UPS.N) said on Tuesday it is buying 125 Tesla Inc (TSLA.O) all-electric semi-trucks, the largest order for the big rig so far, as the package delivery company expands its fleet of alternative-fuel vehicles. Tesla is trying to convince the trucking commu...

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Facebook makes German marketing push as hate speech law bites

BERLIN (Reuters) - Facebook (FB.O) is making a big marketing drive in Germany just as the country starts to implement tough regulations designed to clamp down on online hate speech. The U.S. corporation has historically done little advertising of its own but has plastered billboards across Germany w...

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German cartel office says Facebook abused dominant position

FRANKFURT (Reuters) - Germany’s cartel office has found that Facebook (FB.O) abused its dominant market position, in a ruling that questioned the U.S. social network’s model of monetizing the personal data of its 2 billion users through targeted advertising. Presenting preliminary findin...

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China's Didi, rival to Uber, looks to break into Taiwan market

HONG KONG (Reuters) - China’s Didi Chuxing on Tuesday said it was looking to bring its ride-hailing service to Taiwan via a local franchise partner, potentially marking its first expansion across waters as it looks to take on U.S. rival Uber Technologies Inc [UBER.UL]. Didi Chuxing in a statem...

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South Korea financial regulator says 'virtual currencies' are not currencies

SEOUL (Reuters) - South Korea’s Financial Supervisory Service said on Tuesday it does not consider bitcoin and other cryptocurrencies to be currencies of any kind and would not seek to regulate their trade beyond rules announced last week. “All we can do is to warn people as we don&rsquo...

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Apple names long-time exec as new India sales head: source

MUMBAI (Reuters) - Apple Inc (AAPL.O) has appointed Michel Coulomb as its top sales executive in India, replacing Sanjay Kaul, a source familiar with the move said on Tuesday, as the U.S. tech giant pursues a bigger share of the world’s third-largest smartphone market. Coulomb has worked with ...

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Bitcoin not yet proven as credible currency: Japan finance minister

TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday that bitcoin had not been proven as a credible currency. He made the remark to reporters when asked about his French counterpart’s comment this week that France would propose a discussion on regulating the virtual currency at...

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U.S. blames North Korea for 'WannaCry' cyber attack

WASHINGTON (Reuters) - The Trump administration has publicly blamed North Korea for unleashing the so-called WannaCry cyber attack that crippled hospitals, banks and other companies across the globe earlier this year. “The attack was widespread and cost billions, and North Korea is directly re...

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U.S. says North Korea 'directly responsible' for 'WannaCry' cyber attack

WASHINGTON (Reuters) - North Korea is “directly responsible” for the so-called WannaCry cyber attack that crippled hospitals, banks and other companies across the globe earlier this year, a senior White House official said on Monday. “The attack was widespread and cost billions, an...

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Virgin Hyperloop One names Richard Branson Chairman, raises $50 mln

(Reuters) - Virgin Hyperloop One said on Monday it has raised $50 million in new financing and named British billionaire and founder of the Virgin Group, Richard Branson, non-executive chairman. Hyperloop One said in a statement that it would rebrand itself to Virgin Hyperloop One. Monday’s fu...

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U.S. to blame North Korea for 'WannaCry' cyber attack: sources

WASHINGTON (Reuters) - The Trump administration is expected on Tuesday to publicly blame North Korea for unleashing a cyber attack that crippled hospitals, banks and other companies across the globe earlier this year, said two sources familiar with the matter. Reporting by Dustin Volz; Editing by Pe...

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Kaspersky Lab asks court to overturn U.S. government software ban

WASHINGTON/TORONTO (Reuters) - Moscow-based security software maker Kaspersky Lab said on Monday it has asked a U.S. federal court to overturn a Trump administration ban on use of its products in government networks, saying the move deprived the company of due process. The Department of Homeland Sec...

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Facebook reveals data on copyright and trademark complaints

SAN FRANCISCO (Reuters) - Facebook Inc announced Monday that it removed nearly 3 million posts, including videos, ads and other forms of content, from its services during the first half of 2017 following complaints of counterfeiting and copyright and trademark infringement. The worldwide data on int...

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Kaspersky Lab sues Trump administration over software ban

WASHINGTON (Reuters) - Moscow-based anti-virus company Kaspersky Lab sued the Trump administration in U.S. federal court on Monday, arguing that the American government has deprived it of due process rights by banning its software from U.S. government agencies. The lawsuit is the latest effort by Ka...

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French privacy watchdog raps WhatsApp over Facebook data sharing

BRUSSELS (Reuters) - France’s data privacy watchdog may fine messaging app WhatsApp if it does not comply with an order to bring its sharing of user data with parent company Facebook (FB.O) into line with French privacy law. The French data protection authority - CNIL - said on Monday it had t...

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