The LSEG is collaborating with IBM to develop a platform based on an opensource version of bitcoin tech called Hyperledger Fabric. In a significant development for the development of bitcoin technology, the London Stock Exchange Group Plc is collaborating with IBM so as to build a blockchain-based platform for the purpose of issuing private shares…
A final decision on the sale is likely to be known by the end of this week. According to sources familiar with the matter at hand, a consortium of private equity firms, including, TPG Capital Management LP, I Squared Capital Advisors LLC and MBK Partners have placed their separate bids for the fixed-line phone unit…
As per Lloyd’s of London report, a hypothetical cyberattack could cause widespread damage ranging from $4.6 billion to $53 billion, with a significant portion of it being unrecoverable due to companies being underinsured. A report filed by Lloyd’s of London states that a major global cyberattack could trigger an average economic loss of $53 billion,…
This merger assumes significance midst the growing global clamour for going cashless. In a significant development, French payments processing company Worldline has agreed to acquire Digital River World Payments (DRWP), its Swedish peer. The move marks a pickup in the merger activity in the payments sector. Although Worldline did not disclose the quantum it had…
If this key technology demonstration test meets expectations it is likely to further wet investor appetite in the company which has so far raised $160 million in funding. Engineers of U.S. Los Angeles-based Hyperloop One will soon begin conducting a crucial test that will determine the maturity of the futuristic technology championed by Elon Musk…
In the last four years the price of bitcoins have jumped by 264%. In a significant development that could lead to the widespread adoption of bitcoin technology, the global chief investment strategist for BlackRock Inc has suggested that while a loose monetary policy may have aided speculation in digital currencies, including bitcoin, the risks to…
The energy storage market is slated to grow 10 folds between 2016 to 2022, in the U.S. alone. German engineering conglomerate along with American energy firm AES Corp, have formed a joint venture to service the rapidly expanding energy storage market. Demand for large-scale energy storage is growing rapidly and the price of advanced batteries…
While it started as an auction site, 80% of its offerings have now a fixed price. On Tuesday with eBay publishing a new stream of data, the number of million euro businesses selling on its platform have grown to 1,095 from 731 in Germany last year since 2013. “Millionaire” online businesses selling on eBay have…
Defensive measures are being taken, however experts have admitted that defensive countermeasures have typically lagged behind the ability of hackers to code tools to circumvent countermeasures. As per former and current European government sources who have knowledge of the issue, hackers are persistently trying to attack critical national infrastructure across the European Union. These sources…
In one instance a cyberattack had breached the cyber defenses of a nuclear power plant. In a significant development designed to protect the homeland against cyberattacks, the U.S. Department of Energy stated it is in the process of helping U.S. firms defend themselves against a hacking campaign that is targeting power companies, including nuclear plants.…
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