Technology News

South Korea considers cryptocurrency tax as regulators grapple with 'speculative mania'

SEOUL (Reuters) - South Korea said on Wednesday it may tax capital gains from cryptocurrecy trading as global regulators worried about a bubble, with Australia’s central bank chief warning of a ‘speculative mania” that has seen the digital asset making rip-roaring gains. As bitcoin futures made their world debut on a U.S. stock exchange this week, policy makers have been forced to contend with cryptocurrencies...

13 Dec 5:32 AM 0 Read More...

AT&T begins testing high-speed internet over power lines

NEW YORK (Reuters) - AT&T Inc has started trials in Georgia state and a non-U.S. location to deliver high-speed internet over power lines, the No. 2 wireless carrier said on Wednesday, marking its latest push to offer faster broadband service to more customers. AT&T aims to eventually deliver speeds faster than the 1 gigabit per second consumers can currently get through fiber internet service using high-freq...

13 Dec 5:12 AM 0 Read More...

Founder of China's embattled LeEco placed on debt blacklist

SHANGHAI (Reuters) - The high-profile founder of struggling Chinese tech conglomerate LeEco has been placed on an official blacklist of debt defaulters, a further blow to a firm that had spent heavily to compete in areas from smart cars to online entertainment. Jia Yueting had his name and ID number splashed on China’s defaulter website after failing to satisfy a court order to pay Ping An Securities Group (Holding...

13 Dec 4:33 AM 0 Read More...

Google launching artificial intelligence research center in China

BEIJING (Reuters) - Alphabet Inc’s Google said on Wednesday it is opening an artificial intelligence (AI) research center in China to target the country’s local talent, even as the U.S. search firm’s products remain blocked in the country. Google said in a statement the research center is the first of its kind in Asia and will comprise a small team operating out of its existing office in Beijing. Chinese polic...

13 Dec 3:18 AM 0 Read More...

Advocates ready legal showdown with FCC on net neutrality

WASHINGTON (Reuters) - Net neutrality advocates said they are gearing up for a legal fight after abandoning attempts to convince the U.S. Federal Communications Commission to keep 2015 rules aimed at maintaining an open internet. The FCC is expected to vote on Dec. 14 to scrap the landmark so-called net neutrality rules championed by Democratic former President Barack Obama, given FCC Chairman Ajit Pai and two Republ...

12 Dec 11:22 PM 0 Read More...

PepsiCo makes biggest public pre-order of Tesla Semis: 100 trucks

SEATTLE (Reuters) - PepsiCo Inc (PEP.N) has reserved 100 of Tesla Inc’s (TSLA.O) new electric Semi trucks, the largest known order of the big rig, as the maker of Mountain Dew soda and Doritos chips seeks to reduce fuel costs and fleet emissions, a company executive said on Tuesday. Tesla has been trying to convince the trucking community that it can build an affordable electric big rig with the range and cargo ca...

12 Dec 9:20 PM 0 Read More...

Bitcoin hits another record high in march toward $20,000

NEW YORK (Reuters) - Virtual currency bitcoin hit another all-time peak on Tuesday, two days after the launch of the first ever bitcoin futures on a U.S. exchange and ahead of the start of another futures contract next week, as investors grew optimistic that the $20,000-mark is within reach. On Sunday, Chicago-based derivatives exchange Cboe Global Markets (CBOE.O) launched bitcoin futures, enabling investors to get ...

12 Dec 9:15 PM 0 Read More...

Tezos director resigns, sowing more uncertainty at crypto startup

LONDON/ZURICH (Reuters) - One of the three board members of the Swiss foundation that conducted the online fundraiser for the embattled Tezos cryptocurrency tech project has resigned, Reuters has learned. The departure on Monday of Guido Schmitz-Krummacher, a Swiss legal and management expert, is likely to add further turmoil to the project, which raised $232 million in cryptocurrencies in July. The project has been...

12 Dec 7:56 PM 0 Read More...

Twitter to let users make tweet threads more easily

(Reuters) - Twitter said on Tuesday it would add a pair of buttons that will allow users to more easily see and add new tweets to existing ones on the same topic. With the new feature, users who create threads — stitching tweets together to tell a longer story — need no longer reply to previous tweets to do so. It is the latest instance of the social network altering or adding a feature after reviewing feedback t...

12 Dec 6:06 PM 0 Read More...

Lyft starts Canada service in first international foray

(Reuters) - U.S. ride-hailing firm Lyft Inc on Tuesday launched its service in Toronto, the first international market for the rival of much larger Uber Technologies Inc [UBER.UL]. Lyft is moving outside the United States as Uber faces investigations by governments around the world over its cover up of a massive 2016 data breach. Lyft raised $1 billion in October, in a financing round led by CapitalG, the growth inv...

12 Dec 4:38 PM 0 Read More...