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…
In a statement the CEO of global cryptocurrency exchange Binance said, its U.S. arm could potentially see an initial public offering in the next three years. “Binance.US is just going to do what Coinbase did,” said Zhao. He went on to add, Binance.US is set to close on a large private funding round in the…
According to sources familiar with the matter at hand, Google is set to enter into a supply agreement with Samsung Electronics Co Ltd for 5G modem for its next Pixel flagship. The development marks the South Korean company’s first entry into the U.S. market which is dominated by Qualcomm Inc. Earlier this month, Google disclosed that…
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…
According to two people familiar with the matter at hand, the U.S. Department of Energy is closing in on a deal to purchase a supercomputer made with chips from Nvidia Corp and Advanced Micro Devices Inc even as a key lab waits for a larger supercomputer from Intel Corp that has seen delays for months.…
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…
In a ruling, a U.S. trade judge found that Alphabet Inc’s Google had infringed on five of Sonos Inc’s patents revolving around smart speakers and related technology. The decision has the potential to lead to an import ban. The ruling by Charles Bullock, the chief administrative law judge of the U.S. International Trade Commission did not…
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…
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…
In a statement the U.S. Federal Trade Commission said, Facebook Inc made “misleading claims” to explain why it had disabled the accounts of researchers studying political ads on its social media platform. Earlier this week on Tuesday, Facebook cut off the personal accounts and access of the New York University researchers citing users’ privacy concerns.…
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