Major cryptocurrencies including bitcoin, ripple and ethereum took a hammering Thursday following the news that South Korea could be preparing to ban trading in digital coins. At 7:25 a.m. London time, bitcoin was down nearly 6 percent, while ethereum fell over 11 percent and ripple took a 9 percent tumble, versus their price a day […]
Read moreAs companies showed off their latest products at the CES consumer tech expo in Las Vegas, consumers were treated to new looks at robots, drones and more. But among all the recent crop of innovations, livestreaming is one of the technologies that’s going to have a major legacy, according to a technology consultant. Speaking to […]
Read moreHyundai Motor Co said on Thursday it had invested in Singapore-based ride-hailing firm Grab, in the South Korean automaker’s first foray into the rapidly growing sector as it tries to diversify following a sales slump in China. Grab has expanded to eight Southeast Asian countries and has said it is the biggest operator in the […]
Read moreAn upcoming conference dedicated to cryptocurrencies and blockchain technology has stopped accepting ticket payments in bitcoin, suggesting that the method was slow, costly and labor-intensive. The North American Bitcoin Conference, held in Miami next week, said on its website that network congestion and manual processing influenced the decision to stop accepting payments in cryptocurrencies. Last […]
Read moreThe U.S. Senate will next month hold a hearing with the country’s top markets regulators to discuss the risks posed by cryptocurrencies such as bitcoin, a person with direct knowledge of the matter told Reuters. The Senate Banking Committee will take testimony from Commodity Futures Trading Commission Chairman Christopher Giancarlo and Securities and Exchange Commission […]
Read moreKodak’s stock has more than tripled this week, since the once-giant of photography announced a pivot into blockchain technology and cryptocurrency. Part of their move is a Kodak-branded mining rig called the KashMiner, which was showcased at this year’s CES. It’s created and run by a company called Spotlite, and has licensed the Kodak name. […]
Read moreCNBC’s Jim Cramer may be a big fan of index funds — one of his best-known mantras is that investors should have $10,000 in an index fund before they start stock-picking — but he doesn’t think they should control the entire market. Yet the “Mad Money” host has watch the power of the major averages […]
Read moreThe next top table tennis trainer just might be a towering robot with facial recognition. Omron’s Forpheus robot straddles a standard table and uses facial recognition to improve its opponent’s skills. Forpheus reads your expressions to tell what kind of player you are, advancing the level of play as needed. “That human-machine interface is the […]
Read moreActivision Blizzard is making a big bet on esports, kicking off the inaugural season of its Overwatch League on Wednesday night. While it may take a while to see an impact on the company’s bottom line, CEO Bobby Kotick told CNBC there has already been a lot of excitement surrounding the league. “It’s a ways […]
Read moreAmazon‘s aggressive poaching tactics in Israel have the country’s start-up community riled up, causing some companies to explore abandoning Amazon’s cloud service in retaliation. Shai Wininger, the co-founder of Lemonade, an insurance start-up that’s raised $180 million, took his frustration to social media, writing multiple posts on LinkedIn and Facebook about Amazon’s poaching activity. “Just […]
Read more