Investors who lost out due to the $530 million heist, will now be reimbursed. On Thursday, Japanese cryptocurrency exchange Coincheck Inc, stated from next week, it plans on reimbursing lost digital monies to investors who were affected by the $530 million heist. Coincheck also stated, it plans on resuming services for some cryptocurrencies starting from…
The ruling will enable the U.S. Commodity Futures Trading Commission (CFTC) to regulate cryptocurrencies and make make fraudsters more accountable for their actions. In a landmark ruling, U.S. federal judge Jack Weinstein ruled that virtual currencies, including bitcoins, can be regulated as commodities by the U.S. Commodity Futures Trading Commission (CFTC). The ruling allows the…
Brexit related issues, including increased tariffs and the customs checks could have widespread ramifications across JLR’s supply chain and significantly increase it costs. The CEO of Britain’s biggest carmaker Jaguar Land Rover has disclosed it requires more clarity on Britain’s terms of exit from the European Union before it can decide whether it can produce…
The development is to be seen within the context of the SEC calling for improved clarity on cyber risk disclosures and adopt specific policies restricting executive trading in shares especially during an on-going investigation of a hack. On Tuesday, the Financial Times reported that a consortium led by Citigroup Inc, Depository Trust & Clearing Corp…
Facebook Inc has hired Matthew Henick, to lead its global video content strategy and planning, and has hired Mike Bidgoli to lead its Facebook Watch product team. Through a social media post Facebook Inc disclosed that it has hired the former head of BuzzFeed Studios to lead its global video content; it also said, it…
Rueckert, who is currently heading SAP’s digital supply chain business, will assume the role of the president of Bosch Building Technologies division from August 1, 2018. The world’s biggest automotive supplier Robert Bosch has hired Tanja Rueckert, an expert in the“internet of things” from SAP, a business software maker. The internet of things, (IoT) refers…
Germany’s Infineon Technologies AG and China’s SAIC Motor Corp are to collaborate on making power modules for this booming electric vehicle market. On Friday, German chipmaker Infineon Technologies AG and China’s SAIC Motor Corp, a carmaker, agreed to set up a joint venture, SAIC Infineon Automotive Power Modules, to make power modules for the Chinese…
Boeing had tried to woo Malaysia’s budget airlines to lucrative offers in order to extend its lead in the long-haul market. Tony Fernandes, the CEO of AirAsia Bhd group, stated that the Malaysian budget airline will stick with Airbus and has currently no plans on purchasing aircrafts from U.S. planemaker Boeing Co. “Boeing is keen…
Areas of convergence that have been identified by the trio include engineering, manufacturing, purchasing and supply chains. On Thursday, the Renault-Nissan-Mitsubishi alliance stated it would boost the speed of convergence of technologies between the trio as they collaborate on key areas as part of a bigger, broader strategy to boost profits and lower costs. The…
Singapore aims to be the top Asian hub for cryptocurrencies and ICOs. On Thursday, an official from Singapore’s central bank stated that it is in the process of assessing whether additional regulations will be required in order to protect cryptocurrency investors. Singapore is aiming to be the top hub for financial technology and ICO offerings…
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