Crypto change CrossTower enters India despite uncertainty

In a significant development U.S.-headquartered digital currency exchange CrossTower has set up a local unit in India and has launched a trading platform to increase its traction in the burgeoning domestic crypto market. The development comes at a time when the fate of cryptocurrency is still unclear in India. CrossTower India has hired 35 people…

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Biden Administration approves Huawei to buy auto chips

According to two sources familiar with the matter at hand, the Biden Administration has approved license applications worth hundreds of millions of dollars for blacklisted telecom company Huawei to buy chips for its growing auto component business. While the Trump Administration had imposed trade restrictions on the Chinese company following non-compliance of US sanctions, the…

Vulnerability in BlackBerry’s QNX RTOS impacts cars and medical equipment

In a statement U.S. drugs regulator and a federal agency said, a cybersecurity vulnerability in a software designed by BlackBerry Ltd could put medical equipment and cars at heightened risks and expose highly sensitive systems to attackers. This warning comes in the wake of BlackBerry disclosing that its QNX Real Time Operating System (QNX RTOS) has…

US jury awards $300M in damages in patent trial against Apple Inc

A U.S. jury has awarded Optis Wireless Technology LLC and several related companies $300 million in damages in a second patent trial against Apple Inc. Previously, the jury had found that Apple had infringed on five Optis wireless standard essential patents and had awarded $506 million in damages; however the U.S. District Judge Rodney Gilstrap…

Samsung SDI considering options to build EV battery plant in Illinois: Senator Dick Durbin

In a statement, Illinois, Senator Dick Durbin said, Samsung SDI Co Ltd plans on building a battery plant in central Illinois. Electric-vehicle startup Rivian has a factory in Normal, Illinois. In April it said Samsung SDI would supply battery cells for its vehicles. “We are competing for a major Samsung battery facility. The delegation came in…