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EXPLAINER: Why has the price of Bitcoin been falling?

Even by Bitcoin’s standards, Wednesday was pretty wild. The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% in the afternoon, but Bitcoin had still lost about $70 billion in […]

Argentina bans data sharing between Facebook and WhatsApp

Argentina’s government has ordered social media giant Facebook to halt the use of its new data use policy that allows it to harvest information from its WhatsApp user, it said on Monday. According to an official statement, the suspension of the policy will last up to at least six months, with an aim avert “the […]

Russia won't block Twitter, but partial slowdown to continue

Russian authorities on Monday backed away from threats to block Twitter, saying that the social media platform deleted most of the banned content identified by Moscow and expressed “readiness and interest in building a constructive dialogue.” Russia’s state communications watchdog Roskomnadzor said it decided not to block Twitter in light of these developments, an announcement […]

Samsung thrives as Seoul mulls pardon of corporate heir

Pressure is mounting on South Korean President Moon Jae-in to pardon Samsung heir Lee Jae-yong, who is back in prison after his conviction in a massive corruption scandal, even though business has rarely looked better at South Korea’s largest company. Lee is just the latest South Korean corporate boss to run his business from behind […]

EU leaders attend summit in person for 1st time this year

On the list of things not to do during a pandemic, holding big international gatherings is close to the top. But European Union leaders and their large following of diplomats and advisers are meeting in Portugal on Friday for two days of talks, sending a signal that they see the threat from COVID-19 on their […]

Venmo is into crypto, allowing users to buy Bitcoin, others

Venmo will allow users to buy and sell cryptocurrencies on its app, the company said Tuesday, the latest mainstream financial platform to wade into alternative currency like Bitcoin. In addition to Bitcoin, Venmo has opened up the platform to Ethereum, Litecoin and Bitcoin Cash — generally considered to be among the mainstream of the digital […]

Australian judge rules Google misled Android users on data

Google broke Australian law by misleading users about personal location data collected through Android mobile devices, a judge found Friday. The Federal Court decision was a partial win for the Australian Competition and Consumer Commission, the nation’s fair trade watchdog, which has been prosecuting Google for broader alleged breaches of consumer law since October 2019. […]

Late president's book outlines vision for Japan's Nintendo

Nintendo’s late president Satoru Iwata oversaw the video-game maker’s global growth as Super Mario and Pokemon became household names. “Ask Iwata” was published after his death from cancer in 2015 at age 55. This month, VIZ Media is publishing the English translation of the book, which came out in Japanese in 2019. “On my business […]

Virgin Media CEO to head joint venture between VM and O2 UK

Head of Virgin Media Lutz Schuler will head a merger between both VM and O2 UK, making it the UK’s largest mobile network operator, as it seeks regulatory approval by the Competition and Markets Authority (CMA) for the $42.67 billion tie-up, both companies said on Wednesday.  Schuler’s appointment, who joined Virgin Media in 2018 as […]