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Bitcoin fever exposes crypto-market frailties

LONDON/NEW YORK As bitcoin raced to another record high on Tuesday, one of the biggest providers of digital currency wallets, Coinbase, went down under the weight of traffic, leaving many of its more than 10 million customers unable to access their funds.

Recent Technology News

India's tax department considers tax on virtual currencies

NEW DELHI India's central tax authority is investigating bitcoin exchanges to try and find a way to tax transactions, an official said on Wednesday, even as the Reserve Bank of India (RBI) has warned against dealing in virtual currencies.

Budget 2017, Business 13 Dec 2017

Apple grants $390 million to Finisar to boost laser chip production

Apple Inc said on Wednesday it had awarded $390 million to optical components maker Finisar Corp to boost production of laser chips that power iPhone X's features such as Face ID, Animoji and portrait mode photos.

Budget 2017, Business 1:53am IST

Three U.S. men plead guilty to crimes tied to 2016 botnet attacks

A former Rutgers University student and two other men pleaded guilty to computer crimes related to the creation, sale and use of the Mirai botnet, a network of infected electronics equipment used to knock major websites offline in massive 2016 cyber attacks.

World, Cyber Crime 2:12am IST

France proposes age-of-consent rule for Facebook users

PARIS All French children under the age of 16 will have to seek parental approval to open an account on Facebook or any other social network under draft legislation presented on Wednesday.

Top News, Facebook 1:12am IST

UAE, Saudi working on digital currency for cross-border deals

ABU DHABI The United Arab Emirates is working with Saudi Arabia's central bank to issue a digital currency that would be accepted in cross-border transactions between the two countries, UAE central bank governor Mubarak Rashed al-Mansouri said on Wednesday.

Budget 2017, Business, 13 Dec 2017

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