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 […]
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The Serum Institute of India said Tuesday that it hopes to start delivering coronavirus vaccine doses to the U.N-backed effort known as COVAX and to other countries by the end of the year, a delay that will significantly set back global efforts to immunize people against COVID-19. India’s Serum Institute, the world’s biggest vaccine-maker and […]
Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns. “We are concerned about rapid increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Musk said on Twitter. He added that cryptocurrency is a […]
Two years after a white supremacist in New Zealand livestreamed the slaughter of 51 Muslim worshippers on Facebook, French President Emmanuel Macron says the internet continues to be be used by terrorists as a weapon to propagate hate. Macron and other leaders from tech giants and governments around the world — including the U.S. for […]
Home security camera footage shows that the owner of a Tesla got into the driver’s seat of the car shortly before a deadly crash in suburban Houston, according to a government report Monday. But the preliminary report on the crash that killed two men doesn’t explain the mystery of why authorities found no one behind […]
Two amateur computer coders taken by police from their Beijing homes last year were standing trial Tuesday in a case that illustrates the Chinese government’s growing online censorship and heightened sensitivity to any deviation from the official narrative on its COVID-19 response. Authorities have not said specifically why Chen Mei, 28, and Cai Wei, 27, […]
China’s ruling Communist Party has opened a new front in its long, ambitious war to shape global public opinion: Western social media. Liu Xiaoming, who recently stepped down as China’s ambassador to the United Kingdom, is one of the party’s most successful foot soldiers on this evolving online battlefield. He joined Twitter in October 2019, […]
Lurking beneath Facebook’s decision on whether to continue Donald Trump’s suspension from its platform is a far more complex and consequential question: Do the protections carved out for companies when the internet was in its infancy 25 years ago make sense when some of them have become global powerhouses with almost unlimited reach? The companies […]
Popular drop-in audio app Clubhouse announced on Sunday that it will finally be available for Android users on the Google Play Store as of today in the U.S. and then followed by other English-speaking countries and then the rest of the world, the company said in a statement. Many analysts consider the move – which […]
Google says it expects about 20% of its workforce to still work remotely after its offices reopen this fall, while some 60% will work a hybrid schedule that includes about three days in the office and two days “wherever they work best.” The remaining 20% can change their location to a different Google office. The […]