It is expected that Chinese listings in the United States will be spruced up by the planned $4 billion New York debut of the Chinese ride-hailing giant Didi Chuxing. Despite the political tensions between the US and China, the listings of Chinese companies on US exchanges was at an all-time high in the first half…
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…
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…
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”…
In a statement FBI Director Chris Wray has asked US companies and other victims of hacking to not pay ransom since it will only embolden and incentivize them for future attacks. “In general, we would discourage paying the ransom because it encourages more of these attacks, and frankly, there is no guarantee whatsoever that you…
Bricks made from recycled drinks bottles will be found in the shelves within just two years according to a target set by the toy giant Lego. The main challenge for Lego is to come up with a a sustainable product that can last years and even decades in place of plastic. Lego makes about 3,500…
On Wednesday, in a significant development, Russia’s chief of security at FSB Alexander Bortnikov said, Moscow will work together with the United States to locate cyber criminals. The FSB will follow agreements reached by Russian President Vladimir Putin with his U.S. counterpart Joe Biden. The development comes in the wake of the two heads of…
On Wednesday, in a statement, China-based autonomous driving startup WeRide, said will deepen its autonomous driving technology partnership with Nissan Motor and aims to raise $310 million in a new funding round which chasing a valuation of $3.3 billion. Guangzhou-headquartered WeRide, which is testing vehicles in California, did not disclose details on the size of the…
Hackers have breached the cyber defenses of a Swedish information technology firm; so far it is unclear whether the breach has resulted in the attackers gaining access to a database containing patient data, including COVID-19 test results. In a statement InfoSolutions said, it has “identified and solved what made the intrusion possible.” However, as yet,…
In a regulatory filing, Brazilian medical lab company Fleury SA said, a cyberattack had resulted in the partial outage of its information technology systems. The company is assessing the impact of the cyberattack and is taking actions to minimize its effects. It would inform the market in a timely manner regarding any relevant updates on the…
