Technology Platform News

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

FBI

FBI says Russian FaceApp is ‘potential counterintelligence threat’

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

Libra

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

BRUSSELS – 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 carry privacy...

HSBC

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

LONDON – 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-hyped but sti...

Security

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

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

Bitcoin China

Bitcoin plummets to a six-month low on China crackdown

LONDON – 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 in issuin...

China

China central bank cracks down on cryptocurrency trading in Shanghai

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

Platform News: Google

US lawmakers question Google about collection of health records

WASHINGTON – US Presidential candidate Elizabeth Warren along with fellow Senators Richard Blumenthal and Bill Cassidy wrote a letter to Alphabet’s Google on Wednesday ...

Toronto Smart City

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

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

Interpol

Exclusive: Interpol plans to condemn encryption spread, citing predators, sources say

SAN FRANCISCO – The international police organisation Interpol plans to condemn the spread of strong encryption in a statement Monday saying it protects child sex predators, ...

Crypto

Crypto backed by crypto: Dai seeks to change ‘stablecoin’ game

LONDON – Some are backed by dollars. Others by gold. But this “stablecoin” isn’t tied to any major asset – it’s backed by another cryptocurrency...

Platform News: Google search engine

Google to offer checking accounts next year – source

– Alphabet Inc’s Google will offer personal checking accounts from sometime next year in partnership with Citigroup Inc and a small credit union at Stanford University,...

Libra

Facebook’s cryptocurrency Libra and digital wallet Calibra

SAN FRANCISCO/NEW YORK – Facebook Inc revealed lofty plans to establish a cryptocurrency called Libra in June, but the project quickly ran into trouble with sceptical regulat...