Technology Platform News

Ongoing news coverage and industry commentary for technology platforms, ranging from cyber-security through to cryptocurrency and beyond.

Facebook's Libra

Ueli Maurer: Facebook’s Libra has failed in its current form

The President of Switzerland has stated that Facebook’s controversial cryptocurrency project has failed in its current form and needs reworking to be approved.

Libra

Facebook’s Libra lacks solid plan for launch- governing board member

LONDON (Reuters) – Facebook’s Libra project has no solid plan yet for how or where it will be launched next year, a member of the board that will oversee the cryptocurr...

Crypto

New York state regulator proposes new framework for crypto coin listings

Reuters – New York State’s financial regulator proposed a plan yesterday that would allow licensed virtual currency firms that have already received approval for coin l...

Apple

Apple has ‘deep concerns’ that ex-employees accused of theft will flee to China

SAN JOSE, California – (Reuters) – Apple Inc has told a federal court it has “deep concerns” that two Chinese-born former employees accused of stealing trad...

Libra

European Union agrees tough line on digital currencies

BRUSSELS (Reuters) – Private digital currencies like Facebook’s Libra should not be allowed in the European Union until the risks they could pose are clearly addressed,...

Census

2020 US census plagued by hacking threats

Reuters – In 2016, the U.S. Census Bureau faced a pivotal choice in its plan to digitise the nation’s once-a-decade population count: build a system for collecting and proces...

FBI

FBI says Russian FaceApp is ‘potential counterintelligence threat’

SAN FRANCISCO (Reuters) – The Federal Bureau of Investigation considers any mobile app developed in Russia to be a “potential counterintelligence threat,” it said...

Libra

Facebook warns EU regulators seeking data access about privacy, liability risks

BRUSSELS (Reuters) – Facebook warned European Union regulators on Monday against forcing tech giants to open their vast troves of data to rivals, saying such a move would car...

HSBC

HSBC swaps paper records for blockchain to track $20 billion of assets

LONDON (Reuters) – HSBC aims to shift $20 billion worth of assets to a new blockchain-based custody platform by March, in one of the biggest deployments yet of the widely-hyp...

Security

Workers at Israeli surveillance firm NSO sue Facebook for blocking private accounts

JERUSALEM (Reuters) – A group of employees from Israeli surveillance firm NSO Group filed a lawsuit against Facebook on Tuesday, saying the social media giant had unfairly bl...

Bitcoin China

Bitcoin plummets to a six-month low on China crackdown

LONDON (Reuters) – Bitcoin slumped to a six-month low on Friday after China’s central bank launched a fresh crackdown on cryptocurrencies, warning of the risks entailed...

China

China central bank cracks down on cryptocurrency trading in Shanghai

SHANGHAI (Reuters) – China’s central bank launched on Friday a fresh crackdown on cryptocurrency trading in the financial hub of Shanghai, after Beijing’s promoti...

Google

U.S. lawmakers question Google about collection of health records

WASHINGTON (Reuters) – U.S. Presidential candidate Elizabeth Warren along with fellow Senators Richard Blumenthal and Bill Cassidy wrote a letter to Alphabet’s Google o...

Toronto Smart City

Canada agency says has enough info to evaluate Alphabet ‘smart city’ plan for Toronto

TORONTO (Reuters) – Details of the technological innovations planned for a futuristic development in Toronto recently provided by Sidewalk Labs are satisfactory to evaluate t...