Police on the hunt for bitcoin users in Bangladesh

Tuesday, 20 February 2018

Officials of the central bank have warned all other commercial banks in the country to be wary of bitcoin users.The trading of the popular virtual cryptocurrency is illegal in Bangladesh, but the trading and usage of this currency is still rampant – a fact that has riled Bangladesh Bank.Officials of the central bank have warned all other commercial banks in the country to be wary of bitcoin users. The Foreign Exchange Police Department and some other departments are being considered to be ...

Swiss regulatory unveils new rules for crypto-currencies

Friday, 16 February 2018

Switzerland’s market watchdog released new guidelines Friday to govern crypto-currencies, as the high-tech Alpine nation emerges as the main global hub for the flourishing industry.Watchdog FINMA noted that Switzerland has seen a “sharp increase” in the number of Initial Coin Offerings (ICOs) applying to base their operations in Switzerland.While some countries have shied away from the unpredictable crypto-currency sector, Switzerland appears to be embracing the ...

Some Apple iPhones crash on Indian language script bug - report

Friday, 16 February 2018

A bug in some versions of Apple Inc’s operating systems is causing iPhones to crash when a single character in Telugu, an Indian language, is sent to the device or even typed in text editor, the Verge reported on Thursday. Apple did not immediately respond to a request for comment. Devices running iOS 11 are affected and crash when any application receives the character, according to the report. Apps become unresponsive, including Apple’s iMessage and third-party applications like ...

UAE telco du Q4 net profit rises 14.9 pct

Thursday, 15 February 2018

Du, the United Arab Emirates’ No.2 telecom operator, reported a 14.9 percent rise in fourth-quarter net profit on Thursday, boosted by a rise in revenue, improvement in gross margin and cost savings. The company, which ended rival Etisalat’s domestic monopoly in 2007, made a net profit after royalty of 425 million dirhams ($115.7 million) in the three months to Dec. 31, up from 370 million dirhams in the year-earlier period. SICO Bahrain forecast du would make a quarterly profit of ...

World’s first ‘autonomous pods’ unveiled in Dubai – but what are they?

Monday, 12 February 2018

The UAE’s Road and Transport Authority (RTA) showcased the world’s first driverless pods at the World Government Summit on Sunday. The autonomous vehicles are meant to travel short to medium distances, and will have a capacity to accommodate 10 passengers (six seated and four standing), according to Gulf news. The pods can travel attached, or separately depending on the riders’ destination. Each pod is fitted with a battery that can last up to three hours, and can be recharged ...

Waymo and Uber settle self-driving vehicle trade secret dispute

Friday, 9 February 2018

Alphabet Inc’s Waymo self-driving vehicle unit and ride-hailing firm Uber Technologies Inc have settled their legal dispute over trade secrets, the two companies said on Friday. Uber agreed to pay equity valued at about $245 million to Waymo, according to a Waymo representative. Waymo had previously estimated damages in the case at about $1.9 billion, which Uber rejected. A jury trial to decide a lawsuit filed by Waymo a year ago was dismissed by the judge just five days after it started ...

India’s anti-trust regulator fines Google for ‘search bias’

Thursday, 8 February 2018

India’s antitrust watchdog says Google abused its position as the dominant search engine in the country to create a search bias in favor of its own services and those of its partners.The Competition Commission of India said in a statement Thursday that it was imposing a fine of  $21 million (1.36 billion rupees) on Google along with a warning to desist from unfair practices.The regulator has been investigating Google since 2012 when a website called and the Consumer ...

Future Studios forum opens as Saudi Arabia seeks to re-imagine quality of life

Wednesday, 7 February 2018

What is Quality of Life and how can the Kingdom shape it for generations to come? This is the question Saudi Arabia is embracing as it hosts “Future Studios”, a unique global gathering, where it brings together futurists, entrepreneurs and visionaries with the Kingdom’s key policymakers. The goal? To co-create a vision of quality of life for the people of Saudi Arabia from the people of Saudi Arabia: giving a voice to various stakeholders of society to inform, challenge and ...

Japan raids hacked crypto exchange, bitcoin plunges further

Friday, 2 February 2018

Japanese authorities on Friday raided virtual currency exchange Coincheck, a week after the Tokyo-based firm lost $530 million in cryptocurrency to hackers.The raid comes as bitcoin dipped below $9,000 for the first time since November after India said Thursday it would take measures to prevent the use of cryptocurrencies. The search of Coincheck’s headquarters in Tokyo’s Shibuya district was carried out by the Financial Services Agency, which had already slapped the company with an ...

Report: Pakistan to settle $800 million dispute with UAE’s Etisalat

Thursday, 1 February 2018

Etisalat has defaulted on $800 million that it owes Pakistan on account of privatization proceeds after buying shares at Pakistan Telecommunication Company Limited (PTCL), the Tribune newspaper reported. Etisalat had bought 26 percent of the shares in PTCL in 2005 for a price tag of $2.6 billion, while the second lowest bid was only $1.4 billion, after which the UAE-based firm tried to backtrack from the offer. Pakistan’s privatization minister, Abdul Hafeez Shaikh, agreed for Etisalat to ...

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