While the 1st attack has been linked to North Korea’s spy agency, South Korea’s KISA along with local law enforcement agencies have begun investigating the hack in which 4,000 bitcoins were stolen. On Tuesday, Youbit, a South Korean cryptocurrency exchange disclosed, it was shutting down for bankruptcy following a second hacking attack this year. The…
Uber Technologies collaborates with Creative Media Works to allow users across the globe to book rides through the popular BBM Messenger. On Monday, Uber Technologies stated it is collaborating with Creative Media Works, which operates as BBM Messenger, to allow users around the globe to book rides via the messenger service. ”With this partnership, BBM…
The cryptocurrency is making steady gains towards legitimacy, a move which is likely to draw attention of institutional investors. The bitcoin hit yet another milestone with the CME Group, the world’s largest derivatives exchange operator, launching trading in bitcoin futures. This step towards legitimacy is likely to attract large institutional investors towards it. Trading on…
Ford’s strategy is woven around consumer feedback and the growing demand for autonomous automated vehicles. Jim Hackett, Ford’s CEO, revealed that the firm is reviewing its product portfolio since consumers have shown a preference for SUVs which have fuel efficiencies closer to sedans. At a Ford event in Detroit, Hackett said although in the past…
The measure, as yet non-mandatory, has not had any material impact on the price of bitcoin, with cryptocurrency related shares extending their gains on Friday. On Friday, the Korea Blockchain Industry Association, a South Korean blockchain association, disclosed measures to boost transparency in trading of cryptocurrencies which have been agreed by fourteen exchanges in the…
Analysts expect Atos to come back with a better deal. Gemalto has also not closed its doors to any further deal. On Thursday, with Franco-Dutch chip maker Gemalto rejecting Atos $5 billion (4.3 billion euro) takeover bid, shares of Atos fell sharply by as much as 2.8%. On the French blue-chip CAC 40 index, early…
The move could extend Panasonic’s lead as the world’s biggest producer of lithium-ion batteries, a key component for tomorrow’s electric vehicles. On Wednesday, a joint statement by Toyota Motor Corp and Panasonic Corp said, the duo are considering a joint development of batteries for electric vehicles. The strategic move could potentially aid Panasonic maintain and…
While one location is in rural Georgia, the other is outside of the U.S., indicative of the wide scope in market opportunity. On Wednesday, in its latest push to increase its internet coverage, U.S. communications giant AT&T Inc started trials in the state of Georgia as well as in a non-U.S. location, to deliver high-speed…
The firm’s R2 Data Labs will use a wide array of tools, including AI, machine learning and analytics to push for innovation and growth across its businesses. In what is likely to be a milestone for Rolls-Royce, the firm has created a data unit, R2 Data Labs, that uses artificial intelligence, analytics and machine learning…
Far Eastern International Bank had deficiencies in the way it implemented SWIFT, a banking software, which North Korean hackers exploited to steal $60 million. On Tuesday, Taiwan’s financial regulator fined Far Eastern International Bank $266,524 (T$8 million) for deficiencies related to its SWIFT system hacking incident. The fine comes in the wake of Taiwanese local…
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