Microsoft discovers new vulnerability that was exploited by SolarWinds hackers

In a statement Microsoft said, it had found a new vulnerability which was exploited by SolarWinds hackers. The attackers had gained  access to one of Microsoft’s customer-service agents, they had then used information gained from there to launch hacking attempts against customers. Microsoft had discovered the route used by hackers while responding to hacks by a…

IBM broadens revenue streams, offers new range of services over 5G

On Monday, U.S. technology giant IBM said, it will offer Telefonica  and Verizon a new range of services starting from running 5G over a cloud platform to using artificial intelligence. Large tech companies, including Amazon.com and Microsoft are vying for a share of 5G revenues by offering telecom operators next-generation software tools. IBM aims to offer telecom operators…

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…

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”…