Technology News

Crypto compliance startup Chainalysis raises funding from MUFG, Sozo Ventures

NEW YORK (Reuters) - New York-based cryptocurrency compliance startup Chainalysis has raised $6 million in funding from Japanese financial group Mitsubishi UFJ Financial Group Inc and venture capital firm Sozo Ventures, the company said on Tuesday. Chainalysis hopes the strategic investment will help it further its expansion plans in Asia, Chief Executive Michael Gronager, said in an interview. “We are looking into...

16 Apr 11:06 AM 0 Read More...

Japan to require crypto exchanges to bolster internal oversight: source

TOKYO (Reuters) - Japan’s financial regulator will require cryptocurrency exchanges to strengthen internal oversight of the so-called “cold wallets” used to store digital money, a source with direct knowledge of the matter told Reuters on Tuesday. The move by the Financial Services Agency (FSA) highlights the difficulties in ensuring security of virtual currencies, as well as the broader risks for Japan as it a...

16 Apr 10:39 AM 0 Read More...

Russia: Twitter, Facebook have nine months to comply with data law - Ifax

MOSCOW (Reuters) - Twitter and Facebook have nine months to comply with data law by moving Russian user data onto servers in Russia, Interfax cited communications watchdog head Alexander Zharov as saying on Tuesday. Zharov was also quoted as saying he hoped Russia would not end up blocking Twitter and Facebook. Reporting by Maia Kiselyova; Writing by Polina Nikolskaya; editing by John Stonestreet...

16 Apr 10:10 AM 0 Read More...

Italy's antitrust authority launches probe into five Amazon companies

MILAN (Reuters) - Italy’s antitrust authority said on Tuesday it had launched a probe into five Amazon companies for possible abuse of dominant market position in e-commerce and logistical services. It said the probe was launched into Amazon Services Europe, Amazon Europe Core, Amazon EU, Amazon Italia Services and Amazon Italia Logistica. Reporting by Davide Barbuscia, editing by Stephen Jewkes...

16 Apr 9:59 AM 0 Read More...

Poland to hold off blanket ban on Huawei 5G gear due to cost concerns

WARSAW (Reuters) - Poland is unlikely to exclude all Huawei equipment from its next generation mobile networks, a government minister told Reuters, in part to avoid increased costs for mobile operators. Huawei, the world’s largest maker of mobile network infrastructure equipment, faces intense scrutiny in the West over its relationship with China’s government and denies U.S.-led allegations that its 5G equipment ...

16 Apr 9:25 AM 0 Read More...

Huawei says not discussed 5G chipsets with Apple, wins more telco gear contracts

HONG KONG (Reuters) - China’s Huawei Technologies said on Tuesday it has not held talks with Apple Inc about supplying 5G chipsets, a day after its founder said it was open to selling such chips to the U.S. firm which has yet to unveil dates for a next-gen iPhone. Apple is behind rivals such as South Korea’s Samsung Electronics Co and Huawei in delivering a phone equipped with fifth-generation (5G) modems that is...

16 Apr 8:46 AM 0 Read More...

Foxconn's Gou says may run for Taiwan president, step back from daily business

TAIPEI (Reuters) - Foxconn’s Chairman Terry Gou said on Tuesday he is considering whether to run for Taiwan’s 2020 presidential election, a day after Reuters reported the tycoon planned to step down from the world’s largest contract manufacturer. Speaking on the sidelines of an event to mark the 40th anniversary of Taiwan-U.S. ties, Gou declined to say which party he could represent, at a time of heightened ten...

16 Apr 6:26 AM 0 Read More...

India's Wipro investigating potential breach of some employee accounts

BENGALURU (Reuters) - Indian IT services firm Wipro Ltd said on Tuesday some of its employee accounts may have been hacked due to an advanced phishing campaign and that the company had launched an investigation to contain any potential impact. The Bengaluru-based company was responding to a Reuters query after cyber security blog KrebsOnSecurity said Wipro’s systems had been breached and were being used to launch a...

16 Apr 5:20 AM 0 Read More...

Foxconn chairman to withdraw from daily operations, considers presidential run

(Reuters) - Terry Gou, the chairman of Taiwan’s Foxconn, the world’s largest contract manufacturer, plans to withdraw from the daily operations of the company and is considering running for president. COMMENTS: STEVEN LEUNG, EXECUTIVE DIRECTOR at UOB KAY HIAN in Hong Kong: “The company (Hon Hai) relies very much on Gou and his way of leading the firm, it is very difficult to find someone to replace him if he le...

16 Apr 4:19 AM 0 Read More...

Foxconn chairman mulls presidential bid; plans to withdraw from daily ops

TAIPEI (Reuters) - Foxconn’s Chairman Terry Gou said on Tuesday he is considering whether to run for Taiwan’s 2020 presidential election, a day after Reuters reported the tycoon planned to step down from the world’s largest contract manufacturer. Speaking on the sidelines of an event to mark the 40th anniversary of Taiwan-U.S. ties, Gou declined to say which party he could represent, though he said if it was th...

16 Apr 4:19 AM 0 Read More...