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…
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,…
A new resort worth $4.3bn in the gambling capital of the United States – Las Vegas, was opened by the Malaysian casino operator Genting Group as it bet its fortune on the US market. The new resort called Resorts World Las Vegas is touted to be the most expensive resort ever to be launched in…
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…
Plans for transforming its consumer healthcare business into a separately listed company were revealed by GSK on Wednesday which would help the firm to further strengthen the process of drug development at the pharmaceuticals business unit of the company and have an 8 billion pound ($11 billion) windfall. It was in December 2018 that the…
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…
