Silicon Valley has its guard down when it comes to the threat posed by state-sponsored hackers and snoops. That was the consensus of a group of cybersecurity experts in a roundtable discussion at the Fortune Brainstorm Tech conference in Aspen, Colo., on Tuesday. “I think people in the Valley are naïve to the foreign nation-state … Read more
Germany joined the chorus of countries offering stiff resistance to Libra, Facebook’s new digital coin. German Finance Minister, Olaf Scholz, expressed concerns about the coin’s consumer privacy issues and potential for disruption. Reuter’s released a report which quoted him saying, “The issuance of a currency does not belong in the hands of a private company … Read more
Digital asset management fund Grayscale Investments has recorded an all-time high volume of assets under management of $2.7 billion. Per a Digital Asset Investment Report on Q2 2019 that Grayscale shared with Cointelegraph on July 16, the firm counted over $2.7 billion in assets under management as of July 15, 2019. The figure thus marks … Read more
Libra is a “recipe for more corporate power over markets and over consumers,” according to U.S. Senator Sherrod Brown, ranking member of the Senate Banking Committee. Senator Brown’s recent comments came by way of an official video tweet by NowThis News on July 16, posted hours after the Senate Banking Committee hearing on Facebook’s Libra. … Read more
The number of Americans who regard the threat to online privacy as a “crisis” is growing—61% share this view, according to recent polls by SurveyMonkey, which is a 10% jump from a year ago. All of this has fueled momentum from both ends of the political system to regulate companies like Facebook and Google. But … Read more
One of Twitter’s top executives said President Donald Trump’s controversial tweet attacking a group of diverse congresswomen a couple of days ago was not against the rules. “If you see something on Twitter, it means it didn’t violate our policy,” Ned Segal, Twitter’s chief financial officer, said in response to how Twitter handled the president’s … Read more
Away, the purveyor of colorful rolling suitcases whose valuation surpassed $1 billion this spring, credits its success to a key decision: Not selling its luggage on Amazon. “What I am glad we never did and that we’ve avoided so far is being on Amazon,” said Jen Rubio, co-founder and chief brand officer of Away, at … Read more
Tech giant IBM has tripled the number of blockchain patents secured in the United States since last year, currently boasting over 100 active patent families. That makes IBM’s growth in US patents the largest of last year, according to a report by BeinCrypto on July 16. According to data gathered by Yuval Halevi, co-founder of crypto … Read more
Intel was too ambitious in trying to create a better class of processors in recent years, leading to major delays that have created an opportunity for competitors to grab more of the market for PC chips, the company’s new CEO acknowledged on Tuesday. Bob Swan, in one of his first public appearances since being named … Read more
