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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 ...

Bitcoin surges above $15,000 after climbing $2,000 in 12 hours

Thursday, 7 December 2017

Bitcoin rocketed above $15,000 for the first time on Thursday, after adding more than $2,000 to its price in fewer than 12 hours. Bitcoin, the world’s biggest and best-known cryptocurrency, has seen a more than fifteenfold surge in its value since the start of the year. It climbed to as high as $15,344 on the Luxembourg-based Bitstamp exchange around 1420 GMT, leaving it up more than 12 percent on the day, having traded just above $13,000 12 hours earlier. Many market-watchers said the ...

Bitcoin miner NiceHash reports hack, theft of its ‘wallet’

Thursday, 7 December 2017

The bitcoin miner NiceHash says it is investigating a security breach and the theft of the contents of the NiceHash “bitcoin wallet.”The company said Thursday in a statement posted on its website that it had stopped operations and was working to verify how many bitcoins were taken.Troubles with the website over the past day or so drew alarm and complaints, with many bitcoin owners posting panicked comments on NiceHash’s social media accounts.The price of bitcoin has surged to ...

Google pulls YouTube from Amazon devices, escalating spat

Wednesday, 6 December 2017

A rare public spat in the technology industry escalated on Tuesday when Google said it would block its video streaming application YouTube from two Amazon.com Inc devices and criticized the online retailer for not selling Google hardware. The feud is the latest in Silicon Valley to put customers in the crossfire of major competitors. Amazon and Google, which is owned by Alphabet Inc, square off in many areas, from cloud computing and online search, to selling voice-controlled gadgets like the ...

Bitcoin hits new record high of $11,850

Tuesday, 5 December 2017

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. 

Facebook opens new London HQ, to create 800 UK jobs

Monday, 4 December 2017

Facebook opens its new London office on Monday and said it would add 800 more jobs in the capital next year, underlining its commitment to Britain as the country prepares for Brexit.The social network said more than half of the people working at the site in central London will focus on engineering, making it Facebook’s biggest engineering hub outside the United States.It will also house Facebook’s first in-house start-up incubator, called LDN_LAB, designed to help kick start ...

UK cyber agency targets Kaspersky in warning on Russian software

Saturday, 2 December 2017

Britain's main cyber security agency on Friday warned British government agencies to avoid using anti-virus software from Russian companies, the latest in a series of moves targeting Moscow-based security software maker Kaspersky Lab. In a letter to departmental permanent secretaries, the director of the UK National Cyber Security Centre, Ciaran Martin, said Russian-made anti-virus software should not be used in systems containing information that would harm national security if it was accessed ...

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