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Tencent shares tumble after China’s regulations on music rights

Shares in Shenzhen-based media titan Tencent tumbled on Monday following China’s verdict to restrict its private music licensing deals with record labels around the globe, halting the platform’s efforts to show sovereignty over online music streaming in the country. On Saturday, China’s State Administration of Market Regulations (SAMR) announced that the firm is not abiding […]

Bitcoin rises above $30,000 as Tesla chief likely to welcome it back

Bitcoin rises back after witnessing another slump, surging past $30,000 today according to Coindesk.  Once again, Elon Musk is behind the intense jump in value, as he reiterated his backing of Bitcoin during a panel held on Wednesday.  The Tesla chief, who has been extremely vocal in the past about the environmental risks of Bitcoin mining, has confirmed during the “B Word” cryptocurrency conference that he will most likely resume accepting Bitcoin.  “I […]

Firm hacked to spread ransomware had previous security flaws

For 21 years, the software company Kaseya labored in relative obscurity — at least until cybercriminals exploited it in early July for a massive ransomware attack that snarled businesses around the world and escalated U.S.-Russia diplomatic tensions. But it turns out that the recent hack wasn’t the first major cybersecurity problem to hit the Miami-based […]

Tesla launches beta version 9 of its self-driving car

Tesla has finally released through the weekend its beta version 9 update of its full self-driving system, after four years of delay, the automaker’s CEO Elon Musk said in a tweet. Musk had stated earlier in 2018 that version 9 is coming soon, then again in 2019. However, earlier this month, the CEO again swore […]

Apple halts ByteDance attempt to bypass ATT

In an unprecedent effort, ByteDance, owner of popular video-sharing app TikTok, attempted to bypass Apple’s App Tracking Transparency (ATT) measures in collaboration with a several other Chinese tech company, but Apple managed to halt any peculiar activity that might jeopardize their users’ privacy.  This transpired as Chinese tech companies attempted to switch to their new […]

Tim Burners-Lee auctions source code as $5 million NFT

Tim Berners-Lee, the creator of the internet’s source code is auctioning an autographed copy of the source code of the World Wide Web with donations proceeding to charity in $5 million in non-fungible tokens sale (NFT). The sale will offer an immense opportunity to have ownership over a remarkable piece of history that led to […]

Facebook reaches trillion-dollar company status

Facebook has officially joined the trillion-dollar company club after yesterday’s stock market close, according to Yahoo Finance. The landmark came following the tech giant’s victory in a court against Federal Trade Commission (FTC) where a federal court rejected two lawsuits from the FTC and a coalition of state, spiking Facebook shares up 4.2 percent. The […]

Break them up? 5 ways Congress is trying to rein in Big Tech

Groundbreaking legislation is advancing in Congress that would curb the market power of tech giants Facebook, Google, Amazon and Apple and could force them to untie their dominant platforms from their other lines of business. Hostility toward Big Tech has grown in recent years with the belief that its size and swagger have stifled competition, […]

U.S. authorities seize Iran-linked news websites

The U.S. department of Justice announced on Tuesday that it has blocked various major Iranian state-linked news platforms accused of spreading disinformation. The move comes as a form of retaliation of previous claims made by Washington that the sites have been attempting to influence the American elections, with many pundits arguing that it will intensify […]

Spain hopes to jumpstart electric car industry with EU funds

Daniel Sánchez is one of the luckier electric car owners in Spain. With a free recharging station less than a kilometer from his home just north of Barcelona, he can keep his Tesla ready to roll. “I cannot imagine stopping at a gas station ever again,” the 41-year-old transport company owner said. “We feel like […]