ARCHIVE
TECHNOLOGY
ARCHIVE

Bitcoin hits new record high as warnings grow louder

Friday, 15 December 2017

Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over the risks of investing in the highly volatile and speculative instrument. The cryptocurrency’s staggering recent price rises -- more than 1,700 percent since the start of the year -- have driven worries that the market is a bubble that could burst in spectacular fashion. Bitcoin has climbed almost 80 percent so far in December alone, putting it on ...

US Federal Communications Commission repeals net neutrality rules

Thursday, 14 December 2017

The US Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at ensuring a free and open internet, setting up a court fight over a move that could recast the digital landscape. The approval of FCC Chairman Ajit Pai's proposal marks a victory for internet service providers like AT&T Inc, Comcast Corp and Verizon Communications Inc and hands them power over what content consumers can access. Democrats, Hollywood and companies like Google ...

India’s tax department considers tax on virtual currencies

Wednesday, 13 December 2017

India’s federal tax authority is investigating bitcoin exchanges to try and find a way to tax transactions, an official said on Wednesday, even as its central bank has warned against dealing in virtual currencies. Thousands of transactions are taking place every day in unregulated cryptocurrency exchanges and the Income Tax Department has launched surveys in the cities of Delhi, Mumbai, Pune, Bengaluru and Hyderabad, spokeswoman Surbhi Ahluwalia said. “We are looking at collecting ...

UAE, Saudi working on digital currency for cross-border deals

Wednesday, 13 December 2017

The United Arab Emirates is working with Saudi Arabia's central bank to issue a digital currency that would be accepted in cross-border transactions between the two countries, UAE central bank governor Mubarak Rashed al-Mansouri said on Wednesday. The digital currency would be based on blockchain, the shared ledger of transactions that is maintained by a network of computers on the internet rather than a central authority, he said in a speech to a regional financial conference. The two central ...

Official: Robots will take over some industrial jobs in Saudi Arabia

Wednesday, 13 December 2017

Governor of Job Creation and Employment Commission Omar Al-Batati has said several job specializations will inevitably disappear in the future and emerging opportunities will require a highly professionalized generation in all sectors of employment. Batati made the remarks while opening a forum on job specializations, one of the initiatives of the commission, in Riyadh recently. The forum was attended by 4,000 students of both genders. More than 20 Gulf and international speakers and experts ...

Apple to buy song recognition app Shazam

Monday, 11 December 2017

Apple has bought Shazam, the maker of a song-recognition app that Apple's digital assistant Siri has already been using to help people identify the music playing on their iPhones.The companies didn't disclose the price of the acquisition announced Monday. Technology news site Recode previously reported Apple is paying about $400 million for Shazam, citing three unidentified people familiar with the deal.Apple issued a statement describing Shazam as "natural fit" with its services. The ...

Abu Dhabi’s Mubadala partners Softbank in technology investments

Monday, 11 December 2017

Abu Dhabi investor Mubadala has made 15 to 16 investments in technology firms as part of a partnership with SoftBank Group of Japan, deputy group chief executive Waleed al-Muhairi told a conference in Abu Dhabi on Monday. Mubadala has committed $15 billion to SoftBank’s $93 billion private equity fund, the SoftBank Vision Fund, which has also raised money from Saudi Arabia’s main sovereign wealth fund and other investors. “We have done 15 to 16 different investments today, ...

Apple to buy music recognizing app Shazam: report

Saturday, 9 December 2017

Apple is in talks to buy the popular song recognition app Shazam as the tech giant tries to compete with streaming leader Spotify, TechCrunch reported Friday. The technology news site, quoting unnamed sources, said that the deal could be announced on Monday with financial terms not yet clear. A spokeswoman for Apple declined comment. Since its founding in 1999, Shazam has offered a high-tech solution to listeners’ longtime agony over not recognizing music on the radio or in bars, letting ...

Spotify and Tencent Music to buy stakes in each other

Friday, 8 December 2017

Music streaming company Spotify and the music arm of China’s Tencent Holdings Ltd will buy minority stakes in each other ahead of the Swedish firm’s expected stock market listing next year, the companies said on Friday. The deal will help Spotify, a music streaming leader in Europe and North America, and China-focused Tencent Music, to increase exposure to each other’s core markets. The Wall Street Journal reported last week, citing people familiar with the matter, that the ...

Australia bourse to use blockchain in ‘world-first’

Friday, 8 December 2017

Australia’s main stock exchange has said it will use blockchain, the technology behind cryptocurrency bitcoin, to process its equities transactions in a shift touted as a world-first for a major financial institution.The Australian Securities Exchange (ASX), the eighth-largest sharemarket in the world, will replace its current system CHESS with the distributed ledger technology to manage the clearing and settlement for buying and selling stocks.ASX chief executive Dominic Stevens said the ...

1 2 3 ... 84
Top
BREAKING NEWS
How are we doing?
X

How are we doing?

Name Name *
Email Email *
Country Country
Message Message *
Maximum 550 words allowed