Category Archives: technologyNews

EU markets agency warns new crypto coins could prove worthless

FRANKFURT (Reuters) – Europe’s top markets regulator has warned investors about the pitfalls of buying newly issued crypto coins, an experimental and unregulated form of online crowd funding particularly used by start-up businesses. Read More at EU markets agency warns new crypto coins

Think bitcoin's getting expensive? Try Zimbabwe

HARARE (Reuters) – For most investors around the world, bitcoin is a volatile and highly speculative bet. For Zimbabweans, however, the cryptocurrency seems to offer rare protection from the onset of hyperinflation and financial implosion. Read More at Think bitcoin’s getting expensive? Try

Amazon says Australia launch imminent ahead of spending season

SYDNEY (Reuters) – Amazon.com Inc is “really close” to opening in Australia, its country manager said on Monday, as the U.S. e-commerce juggernaut prepares to shake up an already-fragile brick-and-mortar retail sector in the world’s No. 12 economy. Read More at Amazon says

Uber board strikes agreement to pave way for SoftBank investment

SAN FRANCISCO/NEW YORK (Reuters) – Uber Technologies Inc’s [UBER.UL] warring board members have struck a peace deal that allows a multibillion-dollar investment by SoftBank Group Corp to proceed, and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent

Backing Big Brother: Chinese facial recognition firms appeal to funds

HONG KONG (Reuters) – Buoyed by China’s plans to build a ubiquitous CCTV surveillance network, Chinese and some foreign investors are pouring money into start-up technology firms that specialize in facial recognition software. Read More at Backing Big Brother: Chinese facial recognition firms