The cryptocurrency market continues to be under the spell of volatility almost a month after majority crypto assets began slipping down. On Wednesday, July 6, Bitcoin fell by 1.40 percent. As per Indian exchange CoinSwitch Kuber, BTC is currently trading at $20,420 (roughly Rs. 16 lakh). It is notable that despite incurring a small loss,
Russian lawmakers on Tuesday approved a bill providing for stricter penalties for foreign internet companies that fail to open an office in Russia, including fines. Moscow has long sought to exert greater control over technology firms, and disputes over content and data have intensified since it sent armed forces into Ukraine on February 24. Foreign
Rights activists on Tuesday accused social media giant TikTok of breaching EU laws by co-opting users into sharing their data for targeted advertising. TikTok said it would change its policy next week to allow data to be gathered from over-18s in Europe whether or not they had consented, claiming the move was allowed under Europe’s
Taiwan’s Foxconn, the world’s largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong sales of smartphones and servers despite concerns of slowing demand due to rising inflation. Like other global manufacturers, the Taiwanese firm has grappled with a severe shortage of chips, which has hurt smartphone production including for its
Social media platform Twitter has complied with the final notice issued by the Ministry of Electronics and IT on June 27, an official source said on Monday. The Ministry of Electronics and IT had set a deadline of July 4, failing which Twitter could have lost the intermediary status, which means it will be liable
The Department of Telecom has warned e-commerce platforms against selling some telecom gears like wireless jammers and network boosters that require government permission for sale, an official statement said on Monday. The DoT has raised the issue several times in the last 4-5 years and even conducted raids to check illegal sales of these equipment.
Tesla’s sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic restrictions in China hobbled production of its electric vehicles. The company on Saturday disclosed it sold more than 254,000 cars and SUVs from April through June, an 18 percent drop from the first three
US online retail giant Amazon has made it easier for users to cancel their subscriptions to its fast shipping club Prime with just two clicks, following complaints from consumer groups, the European Commission said on Friday. European Consumer Organisation (BEUC), the Norwegian Consumer Council and the Transatlantic Consumer Dialogue took their grievances to the EU
Cybersecurity experts say the California Department of Justice apparently failed to follow basic security procedures on its website, exposing the personal information of potentially hundreds of thousands of gun owners. The website was designed to only show general data about the number and location of concealed carry gun permits, broken down by year and county.
A Dutch university that fell victim to a massive ransomware attack has partly received back its stolen money… which in the meantime more than doubled in value, a news report said on Saturday. The southern Maastricht University in 2019 was hit by a large cyberattack in which criminals used ransomware, a type of malicious software
The Delhi government plans to engage with various e-commerce firms and food delivery platforms, including Zomato, Swiggy, Amazon and Flipkart, for effective implementation of the ban on single-use plastic (SUP) items in the capital, officials said on Saturday. These firms have a huge business in Delhi and it has only increased after the Covid pandemic, they
Smartphone sales globally have slipped below the 100-million mark in May 2022, according to Counterpoint Research’s Market Pulse Service. The research said that the global market sales of smartphones have dropped 4 percent month-on-month (MoM) and 10 percent year-on-year (YoY) in May this year, marking the second consecutive drop in MoM sales and 11th consecutive
iPhone 14 may see bigger demand in the Chinese market than its predecessor iPhone 13, according to analyst Ming-Chi Kuo. The analyst in a Twitter thread said that his latest survey signals that some distributors, retails, and scalpers have to pay the highest prepaid deposit ever for the upcoming Apple smartphone to ensure sufficient supply.
Tether, the world’s largest stablecoin, said on Friday it had cut its commercial paper holdings by around 58 percent as part of an earlier commitment to reduce its exposure to riskier assets. Stablecoins — a variety of cryptocurrencies designed to keep a steady value — are in sharp focus after the collapse of the TerraUSD
OpenSea, the largest non-fungible token (NFT) marketplace by trading volume, has suffered a data breach after an employee at the platform’s email delivery partner – Customer.io – leaked user data. In a blog post on Thursday, the marketplace said that an employee of Customer.io “misused their employee access to download and share email addresses –
Instagram is reportedly testing a way to turn video posts into Reels. The Meta-owned social media platform is said to have mentioned has reportedly said that the change is currently being tested with a select number of users around the world and it is part of Instagram’s plan to simplify the videos on the application.
Singapore’s financial regulator has accused embattled crypto hedge fund Three Arrows Capital of exceeding its assets threshold and providing false information. Three Arrows Capital (3AC) is one of the highest profile investors hit by the sharp sell-off in crypto markets and is being liquidated, Reuters reported on Wednesday, citing a source familiar with the matter.
Mi Band 7 Pro launch is set on July 4 alongside the Xiaomi 12S series in China, the company has announced. The Chinese company has also revealed the design of the wearable teasing a rectangular display dial — a first in the Xiaomi fitness band range — via a clip. The details of the pro