Ether, the digital token of the Ethereum blockchain, just reached a major milestone. The price of the cryptocurrency surpassed $500 for the first time Monday evening, and surged as high as $553.19, according to data by CoinDesk, whose price index tracks prices from cryptoexchanges Bitstamp, Coinbase and Bitfinex. This marked a renewed all-time high for […]

Is bitcoin the new gold? Goldman Sachs doesn’t think so. In a client note released Tuesday, the investment bank said that with the launch of the Cboe bitcoin futures contract, many investors have been asking if the cryptocurrency is taking demand away from gold. “We believe the answer is no,” Goldman Sachs said. Cboe launched […]

Amazon expanded its cloud footprint in China Tuesday in one of the fastest-growing but most competitive markets in the world. The U.S. e-commerce giant said it partnered with Ningxia Western Cloud Data Technology Co (NWCD) to open its second Amazon Web Services (AWS) operating region in China. AWS is Amazon’s cloud computing arm. Amazon will […]

If you’ve lost sleep worrying about the growing power of the alt-right — that shadowy coalition that includes white nationalists, anti-feminists, far-right reactionaries and meme-sharing trolls — I may have found a cure for your anxiety. Just try using its websites. In recent months, as sites like YouTube, Twitter and Facebook have cracked down on […]

Google used to be the main source of referral traffic for web publishers. Then Facebook eclipsed it. And now, Google is back on top again. Over the course of 2017, the search engine has become publishers’ main source of external page views, according to new data from Parse.ly, a digital analytics company. It’s basically a […]

The number of planned lithium-ion battery factories around the world is skyrocketing, according to a report from Benchmark Mineral Intelligence. There are 26 battery “megafactories” that are either in production and due to expand capacity or new operations due to be in production by 2021, Benchmark said in a blog post on Monday. Benchmark coined […]

Bitcoin has “aspects of a bubble” but it’s almost impossible to know whether it’s gone too far, Nobel-winning economist Robert Shiller told CNBC on Monday. Bitcoin has been on a wild ride this year. It started out the year at $1,000 and soared above $19,000 on the Coinbase exchange last week before dropping. The price […]

Activist investor Carl Icahn says he will nominate four people to join the board of Xerox at the annual shareholder meeting next year. The move on Monday comes after former Icahn Capital managing director Jonathan Christodoro resigned from Xerox’s board on Friday, fearing it would make decisions and take the company in a direction in […]

Cisco CEO Chuck Robbins has been traveling so much of late that he could be forgiven if he appeared jetlagged on Monday as the company officially named him chairman of the board. Robbins is just back from China, where he spoke at the World Internet Conference alongside Apple CEO Tim Cook and Google CEO Sundar […]

Apple confirmed on Monday that it is acquiring the popular music identification app Shazam. The deal is estimated to be worth around $400 million, according to Recode. Apple is not particularly acquisitive compared with other tech giants like Alphabet or Microsoft. According to Thomson Reuters, Shazam is Apple’s fifth acquisition this year, but only its […]