China is tightening control over data gathered by companies about the public under a law approved Friday by its ceremonial legislature, expanding the ruling Communist Party’s crackdown on internet industries. The data protection law follows anti-monopoly and other enforcement actions against companies including e-commerce giant Alibaba and games and social media operator Tencent that caused […]
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One of Vine’s founders is venturing into a new project called Supdrive. Dom Hofmann, also the creator of Byte and Peach, announced Supdrive on Twitter, describing it as an “on-chain fantasy game console.” In the announcement post, the co-founder of Vine explained that Supdrive will act as a video game console that offers classical games, […]
As a prologue to the search engine’s plans to conjointly work with the government, Google announced on Thursday that it received around 20,000 geofence warrants from U.S. authorities, portraying a conceptualization on how these warrants are wielded into the system. Geofence warrants, or as alternatively referred to as reverse-location warrants, are a controversial modern concept. […]
The U.S. Federal Trade Commission (FTC) refiled its antitrust lawsuit against Facebook on Thursday, demanding that the judge forces the tech giant to sell Instagram and WhatsApp. The new case comes after Judge James Boasberg of the U.S. District Court for the District of Columbia notified the FTC in June that the original lawsuit filed in December against Facebook, failed […]
After helping a new generation of investors get into stocks, Robinhood is increasingly doing the same for cryptocurrencies. More than $4 of every $10 that Robinhood Markets Inc. made in revenue during the spring came just from customers trading dogecoin, bitcoin and other cryptocurrencies. Robinhood also said Wednesday that it lost $501.7 million, or $2.16 […]
Japan’s global chip manufacturing thrown is finally usurped as it fears U.S.’s tactics of pouring billions of dollars to deflect from China’s overtake of Japan’s semiconductor industry. The time has come, after three long decades overwhelmed with success in the chip manufacturing industry, Japan’s industry ministry announced that the nation’s share of the world’s chip […]
Etisalat, Emirate’s biggest telecom firm saw a 2.4 percent increase in its stock market after agreeing to acquire another stake in Maroc Telecom Group for $505 million. After obtaining the Abu Dhabi Fund for Development’s 8.7 percent stake in the holding firm Etisalat Investment North Africa (EINA), the deal boosted Etisalat Group’s ownership in Maroc […]
If you’ve engaged with the internet at all back in 2010, then you’ve probably come across Nev Schulman’s online love story. The internet blew up with Schulman’s online relationship with a 19-year-old girl, in which romance blossomed between them for nine months. Unfortunately, the love story does not have a happy ending. After meeting in […]
Mastercard announced on Thursday its plans to halt the issuance of cards with a magnetic strip by 2033. The global financial firm will have strip-less debt and credit cards in Europe starting from 2024, and across the globe by 2033, Mastercard declared in a statement. The company claimed that it will be the first payments network to phase out the technology, which dates to the 1960s. “Magnetic strip is reaching its expiration date with […]
On Tuesday, Twitter announced plans to seek users’ judiciousness to further implement control over misinformation by launching a test of its latest feature that will allow users to report misleading posts. Following Washington’s pressure to go the extra mile to force the platform to contain possible misinformation, users will be reporting dishonest information through the […]