Self-Driving Startup Pony.ai Backed By Toyota, Contemplating Going Public In US

The self-driving tech firm Pony.ai which is supported by Toyota Motor Corp, is contemplating getting itself listed in the United States to generate money to finance further research of achieving its goal of commercializing driverless ride-hailing services, said the chief executive of the company, James Peng, in an interview to the news agency Reuters .…

El Salvador makes bitcoin legal tender from Sept 27, 2021

In a development that sees Bitcoin gaining increasing traction in the financial world, El Salvador’s President Nayib Bukele announced during a national address that the country has passed a bill making bitcoin legal tender with effect from September 7 2021; use of the cryptocurrency will be optional. The country’s Congress has already approved Bukele’s proposal…

China biggest cryptocurrency mining machines Bitmain suspends sales

In a statement China’s biggest maker of cryptocurrency mining machines Bitmain said, it had suspended sales of its products in the spot market to help ease selling pressure. The development comes after Beijing imposed a ban on mining bitcoins. Bitmain said, it is looking for “quality” power supplies abroad and is looking for foreign clients…

Founder Of McAfee Found Dead Of Apparent Suicide In Spanish Jail After His Extradition Ruling

Authorities of a prison in Barcelona, Spain, on Wednesday found the founder the antivirus software company McAfee – John McAfee, dead in his cell. It is suspected that he had committed suicide after the National Court of Spain approved his extradition to the United States where he was slated to face criminal tax evasion charges,…

House panel debate on data portability faces strong push back from Big Tech

While the U.S. House of Representatives Judiciary Committee has voted to approve a bill to give antitrust enforcers more funds but it has yet to vote on four bills aimed at reining-in Big Tech. U.S. Representative Jerrold Nadler, the Democratic chairman of the Judiciary Committee, termed the bills as a “historic package of bipartisan legislation”…