“Bitcoin’s rally this year has hit a speed bump, putting it on track for the worst weekly slide in almost a year amid wider losses in risk assets,” reports Fortune: The largest cryptocurrency slumped as much as 20% this week, the most since March, and was holding at about $46,925 as of 10:22 a.m. in Hong Kong. The wider Bloomberg Galaxy…
Tag: digital
US Drops Digital Tax Demand, Opening Door To Global Deal
The U.S. has dropped a key demand in negotiations over digital taxation of technology companies such as Alphabet’s Google and Facebook, lifting a barrier that had raised transatlantic trade tensions and prevented an international deal. From a report: Treasury Secretary Janet Yellen told her counterparts at a virtual meeting of Group of 20 finance officials that the U.S. is no longer…
FCC Approves $50 Monthly Internet Subsidies for Low-Income Households During Pandemic
The Federal Communications Commission has approved final rules for a new broadband subsidy program that could help struggling families pay for internet service during the pandemic. From a report: The agency’s $3.2 billion Emergency Broadband Benefit Program provides eligible low-income households with up to a $50 per month credit on their internet bills through their provider until the end of the…
Why an Animated Flying Cat With a Pop-Tart Body Sold for Almost $600,000
In the 10 years since Chris Torres created Nyan Cat, an animated flying cat with a Pop-Tart body leaving a rainbow trail, the meme has been viewed and shared across the web hundreds of millions of times. On Thursday, he put a one-of-a-kind version of it up for sale on Foundation, a website for buying and selling digital goods. In the…
Coinbase Says Entire Crypto Market Could Destabilize if Bitcoin’s Creator is Ever Revealed or Sells Their $30 Billion Stake
Coinbase on Thursday released documents for its public debut on the Nasdaq stock exchange via a direct listing. In the filing, the digital trading platform cited as a risk factor Bitcoin’s creator, Satoshi Nakamoto — the pseudonym used by the person or group of people who created bitcoin. From a report: If the identity of the creator was revealed, it could…
Lawmaker Proposing ‘Grand Theft Auto’ Ban Says Video Game Contributes To Carjackings
Koreantoast writes: With the number of carjackings more than doubling in the city of Chicago during 2020, one lawmaker knows who to blame: the video game “Grand Theft Auto.” According to Chicago ABC 7, Democratic State Representative Marcus Williams believes the video game is causing the rise in carjackings, stating that “Grand Theft Auto’ and other violent video games are getting…
Facebook, WhatsApp and Twitter Face New Rules in India
India is establishing new rules to govern internet firms like Facebook, WhatsApp and Twitter, [Editor’s note: the link may be paywalled; alternative source] a fresh challenge for the American giants in a huge market that is key to their global expansion. From a report: The new guidelines, unveiled Thursday, say that in order to counter the rise of problematic content online…
Australia Passes Law To Make Google, Facebook Pay for News
Australia’s law forcing Google and Facebook to pay for news is ready to take effect, though the laws’ architect said it will take time for the digital giants to strike media deals. From a report: The Parliament on Thursday passed the final amendments to the so-called News Media Bargaining Code agreed between Treasurer Josh Frydenberg and Facebook chief executive Mark Zuckerberg…
Toshiba Unveils World’s First FC-MAMR HDD: 18 TB, Helium Filled
Toshiba this week announced the industry’s first hard drive featuring flux-control microwave-assisted magnetic recording (FC-MAMR) technology. The new MG09-series HDDs are designed primarily for nearline and enterprise applications, they offer an 18 TB capacity along with an ultra-low idle power consumption. From a report: The Toshiba MG09-series 3.5-inch 18 TB HDD are based on the company’s 3rd generation nine-platter helium sealed…
Launching Academies: Accelerate Digital Transformation with Job-Based Learning
Over 100 SkillSets help employees develop exact skills needed for their role By Shwetabh Mittal, Senior Director, Product Management This past year, as the pandemic forced companies to move online, digital transformation that may have required years took mere months. According to the World Economic Forum, the double disruption caused by automation and the pandemic […]
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