Technology News
06 Dec 12:35 AM 0 Read More...

New York Stock Exchange owner ICE holds back on crypto-futures

NEW YORK (Reuters) - Intercontinental Exchange Inc (ICE.N) has put a lot of thought into the idea of futures contracts on cryptocurrencies like bitcoin, but has yet to move forward due to the opaque nature of the underlying markets, the New York Stock Exchange owner’s chief executive officer said on Tuesday. Bitcoin's price BTC=BTSP has surged more than tenfold this year, hitting a record high of $11,850 on Tuesday...

05 Dec 10:14 PM 0 Read More...

Maduro's cryptocurrency to fare no better than Venezuela itself

CARACAS (Reuters) - Venezuela’s plan to create an oil-backed cryptocurrency faces the same credibility problems that dog the ruling Socialist Party in financial markets and is unlikely to fare any better than the struggling OPEC member itself, investors and technical experts say. President Nicolas Maduro on Sunday floated a plan to create the “petro” that would be backed by the world’s largest crude reserves,...

05 Dec 8:06 PM 0 Read More...

Uber suspends cash payments in Mexico's Puebla after demands from state

MEXICO CITY (Reuters) - Uber Technologies Inc said on Tuesday it will stop accepting cash payments in the central Mexican state of Puebla to comply with demands from authorities, as the ride-hailing company faces a new wave of regulation in Mexico. Following the murders of two female college students, lawmakers in Puebla approved new rules in October aimed at better vetting drivers working for ride-hailing companies ...

05 Dec 7:47 PM 0 Read More...

Xunlei tumbles as cryptocurrency worries swirl

(Reuters) - Shares in Chinese technology company Xunlei Ltd sank 12 percent on Tuesday, taking falls in the stock past 40 percent in two weeks as investors debated whether the company is set to benefit or suffer from a boom in cryptocurrency stock plays. Xunlei shares mushroomed six-fold in value after the company introduced its “Wanke coin mining” cryptocurrency project on Oct. 12, making it one of the raft of s...

05 Dec 6:09 PM 0 Read More...

Alibaba must face renewed lawsuit over IPO: U.S. appeals court

NEW YORK (Reuters) - A U.S. appeals court on Tuesday revived a lawsuit accusing Alibaba Group Holding Ltd (BABA.N) of defrauding shareholders by concealing a regulatory warning about counterfeiters that the Chinese online retailer had received shortly before going public. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled 3-0 that a lower court judge erred in dismissing claims by holders of Alibaba’s American...

05 Dec 3:57 PM 0 Read More...

Bitcoin hits new record high of $11,850

LONDON (Reuters) - Bitcoin powered to a record high of $11,850 on Tuesday, continuing its surge from below $1,000 at the start of the year. The cryptocurrency was last up 2 percent on the Luxembourg-based Bitstamp exchange BTC=BTSP. Reporting by Dhara Ranasinghe; Editing by Jamie McGeever...

05 Dec 2:02 PM 0 Read More...

Apple wins EU trademark case against Xiaomi

LUXEMBOURG (Reuters) - Apple Inc (AAPL.O) succeeded on Tuesday in preventing Chinese smartphone maker Xiaomi Inc (IPO-XMGP.HK) from registering its “Mi Pad” tablet computer as an EU trademark because the name was too similar to Apple’s “iPad”. The European Union’s second-highest court, the General Court, ruled that Mi Pad should not be registered as a trademark because consumers were likely to be confused...

05 Dec 11:39 AM 0 Read More...

YouTube to expand teams reviewing extremist content

(Reuters) - Alphabet Inc’s (GOOGL.O) YouTube said on Monday it plans to add more people next year to identify inappropriate content as the company responds to criticism over extremist, violent and disturbing videos and comments. YouTube has developed automated software to identify videos linked to extremism and now is aiming to do the same with clips that portray hate speech or are unsuitable for children. Uploader...

05 Dec 5:40 AM 0 Read More...

GM puts an e-commerce marketplace in the dashboard

DETROIT (Reuters) - General Motors Co (GM.N) on Tuesday said it will equip newer cars with in-dash e-commerce technology, betting it can profit as drivers order food, find fuel or reserve hotel rooms by tapping icons on the dashboard screen, instead of using smartphones while driving. GM’s Marketplace technology, developed in collaboration with International Business Machines (IBM.N) will be uploaded automatically...

05 Dec 5:13 AM 0 Read More...