With the sale of its own token, $25 million in under 15 minutes has been raised by Aragon, a project that creates software to manage companies, said Luis Cuende, the project’s co-founder. Cuende said that for a start-up operating in the blockchain or distributed ledger space, the proceeds were the second-largest amount received. Aragon Network…
For providing “misleading information” about its acquisition of messaging service WhatsApp, Facebook has been fined 110 million euros ($122 million) by European regulators. The fine was announced on Thursday by the European Commission, the European Union’s executive arm. “Today’s decision sends a clear signal to companies that they must comply with all aspects of EU…
The airline industry’s global lobby group has said that travelers could be cost more than $1 billion by the widening of a U.S. ban on carrying electronic devices aboard aircraft to include flights from Europe. The International Air Transport Association estimates that extending the ban to the 28 European Union states plus Switzerland, Norway and…
Starting from June, the hacking group has threatened to release more hacking tools every month; it is also willing to sell the world’s biggest commercial secrets to the highest bidder. With hackers launching a new wave of cyberattacks in the form of the WannaCry “ransomware” based on a tool developed by the NSA, governments across…
BlackBerry is testing its security tool with automakers. As per a financial analyst, BlackBerry Ltd is collaborating with at least two car manufacturers for developing a security service that can remotely scan vehicles for computer viruses and tell drivers to pull over if they are in critical danger. In a note to clients, BlackBerry is…
Potentially derailing a much-needed capital injection for the Japanese conglomerate, Western Digital Corp has sought international arbitration to stop partner Toshiba Corp from selling its chips arm without its consent. Sources have said that having put in a much lower offer than other suitors, Western Digital is not a favored bidder for the world’s second…
Insurers say that companies outside of the United States could be facing potentially millions of dollars of losses because there has been relatively little take-up of cyber insurance as they may not have cover for a recent computer-system attack. Stopping car factories, hospitals, shops and schools, amid fears it could wreck fresh havoc on Monday…
Known as Bell, to its customers, the company stated the hack isn’t linked to the WannaCry attack. Financial information, including login credentials, weren’t accessed by the hackers. Hackers have managed to breach and access the customer information of 1.9 million customers, including names, e-mail addresses and active phone numbers, of Canada’s largest telecom company BCE…
With its competitors stalling in fear of U.S. sanctions, PSA and Renault in a swift calculated move have grabbed market share in Iran’s booming car market and have secured contracts to boost production deals. French car manufacturing companies such as Renault and PSA have made significant inroads in the Iranian car market. Despite their diminutive…
The move is essentially a pressure tactics. U.S.-based Western Digital Corp has taken legal action to potentially derail Toshiba’s sale of its chip manufacturing business with its application of international arbitration. Western Digital Corp wants to stop its partner, Toshiba Corp, from selling its chip manufacturing business without its consent. This will impact Toshiba’s attempt…
