Bitcoin rises above $10,000, strategist sees new high by July

NEW YORK (Reuters) - Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December. Bitcoin has been buffeted this year by a series of negative headlines center...

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U.S. regulator warns of cryptocurrency 'pump-and-dump' schemes

NEW YORK (Reuters) - The U.S. derivatives regulator warned investors on Thursday about cryptocurrency “pump-and-dump” scams that aim to rip off investors by inflating the price of volatile virtual tokens through spreading bogus information. The Commodities Futures Trading Commission said...

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Amazon to pay $1.2 million in settlement over pesticide sales, U.S. says

WASHINGTON (Reuters) - Amazon.com Inc will pay a roughly $1.2 million penalty to settle nearly 4,000 alleged violations of U.S. law in a move to prevent harmful exposure to pesticides through illegal sales, the U.S. Environmental Protection Agency said on Thursday. Amazon agreed to closely monitor a...

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U.S. says Amazon to pay $1.2 million to settle allegations over pesticide sales

WASHINGTON (Reuters) - Amazon.com Inc will pay a roughly $1.2 million penalty to settle nearly 4,000 alleged violations of U.S. law in a move aimed at preventing harmful exposure to pesticides through illegal sales, the U.S. Environmental Protection Agency said on Thursday. In a statement, the EPA s...

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Bitcoin gets back above $10,000 on Bitstamp, a more than two-week high

NEW YORK (Reuters) - Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit around mid-December. On the Luxembourg-based Bitstamp, bitcoin rose as high as $10,095.82 BTC...

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Thousands of FedEx customer records exposed by unsecured server

(Reuters) - Global package delivery company FedEx Corp said on Thursday it has secured some of the customer identification records that were visible earlier this month on an unsecured server, and so far has found no evidence that private data was “misappropriated.” The server stored more...

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New EU Privacy Law May Weaken Security

Companies around the globe are scrambling to comply with new European privacy regulations that take effect a little more than three months from now. But many security experts are worried that the changes being ushered in by the rush to adhere to the law may make it more difficult to track down cyber...

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New EU Privacy Law May Weaken Security

Companies around the globe are scrambling to comply with new European privacy regulations that take effect a little more than three months from now. But many security experts are worried that the changes being ushered in by the rush to adhere to the law may make it more difficult to track down cyber...

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BBVA-backed U.S. digital banking startup Azlo readies for launch

NEW YORK (Reuters) - Azlo, a U.S. digital banking startup that is majority-owned by Banco Bilbao Vizcaya Argentaria S.A., will open for business this week, marking the latest effort by the Spanish lender to attract a new generation of digital-savvy customers. The startup, which will offer online ban...

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VW looks at Apple for electric-car design guidance

BERLIN (Reuters) - Volkswagen (VOWG_p.DE) is looking at Apple (AAPL.O) products for guidance on how to style its new generation of electric cars, its top designer said, as the automaker aims to turn profits on battery-powered vehicles when they launch in 2020. The U.S. tech giant has brought about a...

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Israeli startup CommonSense Robotics raises $20 million

TEL AVIV (Reuters) - Israel’s CommonSense Robotics, whose technology enables retailers to offer quick and affordable grocery deliveries, said on Thursday it has raised $20 million in an early-stage investment round, bringing its total funding to $26 million. The round was led by Playground Glo...

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Hyperinflation meets tech: Cash-scarce Venezuela sees boom in payment apps

CARACAS (Reuters) - Widerven Villegas and his brother wash some 30 cars a day at a parking lot in Caracas. Despite charging less than 50 cents, nobody pays them in cash. In tech hubs from San Francisco to Tokyo, payment is conveniently made through software on phones and watches on a routine basis. ...

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EU tells Facebook, Google and Twitter to 'do more' for users

BRUSSELS (Reuters) - Europe’s justice commissioner told Facebook (FB.O), Twitter (TWTR.N) and Google (GOOGL.O) on Thursday to do more to bring their user terms in line with EU law, saying proposals submitted by the tech giants were considered insufficient. Slideshow (2 Images) The European Uni...

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Number of crypto hedge funds doubles in four months: Autonomous NEXT data

LONDON (Reuters) - Hedge funds focused on trading cryptocurrencies more than doubled in the four months to Feb. 15, hitting a record high of 226, showed new data from fintech research house Autonomous NEXT on Thursday. The firm had recorded just 110 global hedge funds with a similar strategy as of O...

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UK blames Russia for cyber attack, says won't tolerate disruption

LONDON (Reuters) - Britain blamed Russia on Thursday for a cyber-attack last year, publicly pointing the finger at Moscow for spreading a virus which disrupted companies across Europe including UK-based Reckitt Benckiser. The so-called NotPetya attack in June started in Ukraine where it crippled gov...

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Coincheck hit by lawsuit as investors seek restart of cryptocurrency withdrawals

TOKYO (Reuters) - Cryptocurrency investors launched a lawsuit against Coincheck Inc on Thursday, seeking to force the Tokyo-based exchange to allow them to withdraw assets worth $183,000 frozen after last month’s $530 million heist of digital money. The group of seven investors filed a suit at...

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Google's app network quietly becomes huge growth engine

SAN FRANCISCO (Reuters) - Google makes ads show up in more smartphone apps than any other technology company. That is the core of a resurgent business for parent Alphabet Inc. Google’s ad network unit has posted three straight quarters of year-over-year double-digit sales increases. The busine...

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China's ZTE says is trusted partner after U.S. concern

BEIJING (Reuters) - Chinese telecoms equipment group ZTE Corp hit back on Thursday against concerns from U.S. lawmakers that it is a vehicle for Chinese espionage, saying it was a trusted partner of its U.S. customers, state news agency Xinhua reported. China is trying to gain access to sensitive U....

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Amazon says to create 2,000 jobs in France in 2018

PARIS (Reuters) - U.S. online retail giant Amazon said on Thursday it will create 2,000 permanent contract positions this year in France, its largest market in Europe after Britain and Germany. The increase will bring Amazon’s total number of permanent French staff to 7,500 in 2018 and reflect...

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Qualcomm meets Broadcom to discuss $121 billion acquisition offer

(Reuters) - Qualcomm Inc said on Wednesday it met with Broadcom Ltd earlier in the day to discuss the latter’s revised $121 billion bid, the first time the chipmakers have discussed what would be the technology sector’s largest ever acquisition. The outcome of the meeting will determine ...

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Cisco tops estimates as turnaround takes center stage

(Reuters) - Cisco Systems Inc reported its first rise in quarterly revenue in more than two years and forecast upbeat current-quarter profit, as the network gear maker’s years-long efforts to transform into a software-focused company begins to pay off. Shares of the Dow component, which also b...

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IBM lawsuit casts diversity in starkly competitive terms

(Reuters) - International Business Machines Corp’s insistence in a new lawsuit that its efforts to recruit and maintain a diverse workforce are trade secrets bucks a trend towards transparency and highlights how companies can see the issue in competitive terms, business and legal experts said....

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Qualcomm, Broadcom hold talks over revised $121 billion bid

(Reuters) - Qualcomm Inc said on Wednesday its top executives met with Broadcom Ltd to discuss the latter’s revised $121 billion bid, the first time the chipmakers have discussed a potential deal. “We met with representatives of Broadcom for two hours earlier today,” Qualcomm said,...

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Cisco beats estimates, boosts buyback program by $25 billion

(Reuters) - Cisco Systems Inc reported its first rise in quarterly revenue in more than two years, which also topped analysts’ estimates, as the network gear maker’s years-long efforts to transition to a software-focused company begins to take hold. Shares of the Dow component rose 5.3 p...

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SpaceX gets U.S. regulator to back satellite internet plan

WASHINGTON (Reuters) - Elon Musk’s SpaceX, fresh off the successful launch this month of the world’s most powerful rocket, won an endorsement on Wednesday from the top U.S. communications regulator to build a broadband network using satellites. Federal Communications Commission Chairman ...

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FCC chief proposes approving SpaceX's application for broadband services

WASHINGTON (Reuters) - Elon Musk’s SpaceX, fresh off the successful launch this month of the world’s most powerful rocket, won an endorsement on Wednesday from the top U.S. communications regulator to build a broadband network using satellites. Federal Communications Commission Chairman ...

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CFTC Commissioner urges crypto companies to self-regulate

WASHINGTON (Reuters) - A top official for a U.S. financial regulator is urging players in the burgeoning cryptocurrency sector to boost their self-policing. Brian Quintenz, a Republican commissioner with the Commodity Futures Trading Commission, said the industry should consider adopting self-regula...

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Google raises price of YouTube TV, adds sports, Turner

(Reuters) - Alphabet Inc’s (GOOGL.O) Google is raising the price of its YouTube TV online service for new customers as it adds channels from Time Warner Inc’s (TWX.N) Turner, National Basketball League and Major League Baseball, the company said Wednesday. Less than one year after launch...

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Apple in talks for first order from Chinese chipmaker: Nikkei

(Reuters) - Apple Inc is in talks to buy storage chips from Yangtze Memory Technologies, a move that would mark the iPhone maker’s first buy from a Chinese memory chipmaker, the Nikkei reported on Wednesday. Apple will use these chips in new iPhone models and other products for sale in the Chi...

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Rise of the data protection officer, the hottest tech ticket in town

SAN FRANCISCO (Reuters) - They may not have the cachet of entrepreneurs, or geek chic of developers, but data protection officers are suddenly the hottest properties in technology. When Jen Brown got her first certification for information privacy in 2006, few companies were looking for people quali...

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