NEW YORK (Reuters) - Speculators raised net short position on bitcoin futures traded on Cboe Global Markets last week amid a selloff sparked by experts’ warnings of a bubble, according to data from the Commodity Futures Trading Commission released late Friday. Net short bitcoin contracts rose ...
LeEco founder defies China return order, stays in U.S. for car fundraising
SHANGHAI (Reuters) - The founder of debt-laden tech conglomerate LeEco has defied orders from Chinese regulators to return to the country before end-2017, saying he needed to stay in the United States as a fundraising for his electric car startup was making progress. The Beijing branch of the China ...
China's WeChat denies storing user chats
HONG KONG (Reuters) - Tencent Holdings’ WeChat, China’s most popular messenger app, on Tuesday denied storing users’ chat histories, after a top businessman was quoted in media reports as saying he believed Tencent was monitoring everyone’s account. “WeChat does not sto...
WhatsApp messaging service returns after global outage
(Reuters) - WhatsApp, a popular messaging service owned by Facebook Inc, suffered a global outage for about an hour on Sunday before the problem was fixed. “WhatsApp users around the world experienced a brief outage today that has now been resolved”, a WhatsApp spokeswoman said in an ema...
UK may use taxes to get tech giants to do more to fight extremism, minister says
LONDON (Reuters) - Britain may impose new taxes on tech giants like Google and Facebook unless they do more to combat online extremism by taking down material aimed at radicalizing people or helping them to prepare attacks, the country’s security minister said. Ben Wallace accused tech firms o...
Infineon not vulnerable to takeover: CEO in Boersen-Zeitung
FRANKFURT (Reuters) - German chipmaker Infineon does not see itself as vulnerable to a takeover despite mega-mergers in the sector led by Broadcom’s $103 billion offer for Qualcomm, its chief executive told Germany’s Boersen-Zeitung. “Infineon is not a primary takeover target,&rdqu...
Kansas Man Killed In ‘SWATting’ Attack
A 28-year-old Kansas man was shot and killed by police officers on the evening of Dec. 28 after someone fraudulently reported a hostage situation ongoing at his home. The false report was the latest in a dangerous hoax known as “swatting,” wherein the perpetrator falsely reports a danger...
Kansas Man Killed In ‘SWATting’ Attack
A 28-year-old Kansas man was shot and killed by police officers on the evening of Dec. 28 after someone fraudulently reported a hostage situation ongoing at his home. The false report was the latest in a dangerous hoax known as “swatting,” wherein the perpetrator falsely reports a danger...
Trump wants Postal Service to charge 'much more' for Amazon shipments
WASHINGTON/SEATTLE (Reuters) - President Donald Trump called on the U.S. Postal Service on Friday to charge “much more” to ship packages for Amazon (AMZN.O) Amazon, picking another fight with the online retail giant he has criticized in the past. “Why is the United States Post Offi...
Amazon ordered not to pull in customers who can't spell 'Birkenstock'
FRANKFURT (Reuters) - Did you mean Birkenstock? A German court has ordered Amazon not to lure internet shoppers to its online marketplace when they mistakenly search for “Brikenstock”, “Birkenstok”, “Bierkenstock” and other variations in Google. The ruling is a vi...
AT&T says all U.S. states will use its public safety netwowrk
NEW YORK (Reuters) - AT&T Inc said on Friday that all 50 U.S. states had decided to participate in the nationwide broadband network it is building for first responders as part of a $6.5 billion government contract. In March, the U.S. government awarded a contract to AT&T to build the network...
Happy 8th Birthday, KrebsOnSecurity!
Eight years ago today I set aside my Washington Post press badge and became an independent here at KrebsOnSecurity.com. What a wild ride it has been. Thank you all, Dear Readers, for sticking with me and for helping to build a terrific community. This past year KrebsOnSecurity published nearly 160 s...
Happy 8th Birthday, KrebsOnSecurity!
Eight years ago today I set aside my Washington Post press badge and became an independent here at KrebsOnSecurity.com. What a wild ride it has been. Thank you all, Dear Readers, for sticking with me and for helping to build a terrific community. This past year KrebsOnSecurity published nearly 160 s...
Trump targets Amazon in call for postal service to hike prices
WASHINGTON (Reuters) - U.S. President Donald Trump on Friday targeted online retailer Amazon(AMZN.O) in a call for the country’s postal service to raise prices of shipments in order to recoup costs. “Why is the United States Post Office, which is losing many billions of dollars a year, w...
South Korea students dive into virtual coins, even as regulators crack down
SEOUL (Reuters) - Hackers have stolen millions, lawmakers are pushing for new taxes and regulations, and a leading financial official has called them a “Ponzi scheme”. But that hasn’t cooled a frenzy for bitcoin and other virtual currencies that is gripping young investors in South...
South Korea students dive into virtual coins, evens as regulators crack down
SEOUL (Reuters) - Hackers have stolen millions, lawmakers are pushing for new taxes and regulations, and a leading financial official has called them a “Ponzi scheme”. But that hasn’t cooled a frenzy for bitcoin and other virtual currencies that is gripping young investors in South...
Hong Kong eyes blockbuster China tech IPO queue, led by Xiaomi
HONG KONG (Reuters) - Hong Kong bankers are eyeing a slew of blockbuster IPOs from Chinese technology firms with a total market capitalization of some $500 billion over the next two years, in a sharp contrast to 2017 - the city’s worst year for raising equity in a decade. If bankers’ exp...
SoftBank succeeds in tender offer for Uber shares
(Reuters) - A consortium led by SoftBank Group Corp (9984.T) will buy a large number of shares of Uber Technologies Inc [UBER.UL] in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, in a victory for new Chief Executive Dara Khosrowshahi. The price is a roughly 30 perc...
Apple apologizes after outcry over slowed iPhones
(Reuters) - Facing lawsuits and consumer outrage after it said it slowed older iPhones with flagging batteries, Apple Inc is slashing prices for battery replacements and will change its software to show users whether their phone battery is good. In a posting on its website Thursday, Apple apologized...
SoftBank succeeds in bid buy Uber shares
(Reuters) - A consortium led by SoftBank Group Corp (9984.T) successfully bought a large number of shares of Uber Technologies Inc [UBER.UL] in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, handing a victory to new Chief Executive Dara Khosrowshahi. The price is a ...
With lineup widening, Apple depends less on iPhone X
SAN FRANCISCO (Reuters) - In years past, demand for Apple Inc’s (AAPL.O) latest flagship phone was critical to the company’s results over the holiday shopping quarter. That dynamic might be changing, however, as Apple’s widening lineup of devices and services more than makes up for...
SoftBank tender for Uber stake succeeds at discounted price: WSJ
(Reuters) - A consortium led by SoftBank Group Corp (9984.T) will buy a more than 15 percent stake in Uber Technologies Inc [UBER.UL] after existing investors in the ride services company agreed to sell shares at a price that values the startup at $48 billion, the Wall Street Journal reported on Thu...
SoftBank tender for Uber stake succeeds: WSJ
(Reuters) - A consortium led by SoftBank Group Corp (9984.T) will go ahead with the purchase of a major stake in Uber Technologies Inc [UBER.UL] after existing investors in the ride services company agreed to sell shares at a price that values the startup at $48 billion, the Wall Street Journal repo...
SoftBank succeeds in tender offer for large stake in Uber: WSJ
(Reuters) - SoftBank Group Corp (9984.T) has succeeded in its bid to buy a large stake in Uber Technologies Inc [UBER.UL] at a steep discount, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The ride-hailing company's investors and employees tendered shares equa...
Apple, Epson face French legal complaints over allegedly shortening life of products
PARIS (Reuters) - Smartphone maker Apple (AAPL.O) and Japanese printer company Epson (6724.T) are facing legal complaints in France over allegedly speeding up the ageing process of their products to stimulate demand. A French consumer association called “HOP” -- standing for “Stop ...
4 Years After Target, the Little Guy is the Target
Dec. 18 marked the fourth anniversary of this site breaking the news about a breach at Target involving some 40 million customer credit and debit cards. It has been fascinating in the years since that epic intrusion to see how organized cyber thieves have shifted from targeting big box retailers to ...
4 Years After Target, the Little Guy is the Target
Dec. 18 marked the fourth anniversary of this site breaking the news about a breach at Target involving some 40 million customer credit and debit cards. It has been fascinating in the years since that epic intrusion to see how organized cyber thieves have shifted from targeting big box retailers to ...
LG Display says did not supply OLED panels for Apple's iPhone X this year
SEOUL (Reuters) - South Korea’s LG Display Co Ltd on Thursday said it did not supply any organic light-emitting diode (OLED) panels for Apple’s iPhone X smartphones this year. In a regulatory filing, LG Display added that nothing has been decided about future panel supply for the iPhone ...
Exclusive: Apple and Amazon in talks to set up in Saudi Arabia - sources
RIYADH (Reuters) - Apple and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, two sources told Reuters, part of Crown Prince Mohammed bin Salman’s push to give the conservative kingdom a high-tech look. A third source confirmed that Apple was in talks with SAGIA, S...
South Korea to impose new curbs on cryptocurrency trading
SEOUL (Reuters) - South Korea’s government said on Thursday it will impose additional measures to regulate speculation in cryptocurrency trading within the country. “The government had warned several times that virtual coins cannot play a role as actual currency and could result in high ...