Bitcoin hits new record high as warnings grow louder

LONDON (Reuters) – Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over the risks of investing in the highly volatile and speculative instrument. The cryptocurrency’s staggering recent price rises — more than 1,700 percent since the start of the year — have driven worries that the market is a bubble that could burst in spectacular fashion. Bitcoin has climbed almost 80 percent so far in December alone, putting it on track for its best month in percentage terms since December 2013. On Friday it Click Here to Read more

Uber investor departs venture firm amid harassment claims

SAN FRANCISCO (Reuters) – Silicon Valley investor Shervin Pishevar, known for his early bet on Uber Technologies Inc, said on Thursday that he would sever ties with his venture capital company, Sherpa Capital, after being accused of sexual misconduct. FILE PHOTO – Shervin Pishevar speaks during 2016 TechCrunch Disrupt in San Francisco, California, U.S. September 14, 2016. REUTERS/Beck Diefenbach Pishevar, who has denied the accusations, said in a statement provided by his lawyer that he was voluntarily leaving Sherpa Capital, which he co-founded, because of ongoing “untruthful attacks” against him. Bloomberg reported in November that five women accused Pishevar of Click Here to Read more

U.S. regulators ditch net neutrality rules as legal battles loom

WASHINGTON (Reuters) – The U.S. Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at ensuring a free and open internet, setting up a court fight over a move that could recast the digital landscape. The approval of FCC Chairman Ajit Pai’s proposal marked a victory for internet service providers like AT&T Inc, Comcast Corp and Verizon Communications Inc and hands them power over what content consumers can access. Democrats, Hollywood and companies like Google parent Alphabet Inc and Facebook Inc had urged Pai, a Republican appointed by U.S. President Donald Trump, to keep Click Here to Read more

Protesters gather as U.S. regulators meet to end net neutrality

WASHINGTON (Reuters) – The U.S. Federal Communications Commission is expected on Thursday to rescind rules aimed at ensuring a free and open internet, as protesters gathered to oppose the change. Net neutrality advocates rally in front of the Federal Communications Commission (FCC) ahead of Thursday’s expected FCC vote repealing so-called net neutrality rules in Washington, U.S., December 13, 2017. REUTERS/Yuri Gripas Commission Chairman Ajit Pai’s proposal marks a victory for internet service providers like AT&T Inc, Comcast Corp and Verizon Communications Inc that opposed the regulations, popularly known as net neutrality rules, and hands them power over what web content Click Here to Read more

Gibraltar launches financial services license for blockchain

LONDON (Reuters) – Gibraltar’s financial services watchdog will introduce the world’s first bespoke license for “fintech” firms using blockchain distributed ledger technology from next month in a bid to attract start-ups to the British overseas territory as it prepares for Brexit. FILE PHOTO: The Spanish city of La Linea de la Concepcion (rear), and the top of the Rock, a monolithic limestone promontory, are seen next to the construction (R) of Cape Vantage, in the British overseas territory of Gibraltar, south of Spain, August 16, 2013. REUTERS/Jon Nazca/File Photo The move is the first of its kind and would formally Click Here to Read more

T-Mobile to launch TV service in 2018, buy Layer3 TV

NEW YORK (Reuters) – T-Mobile US Inc said on Wednesday that it would launch a new streaming television service next year after buying startup Layer3 TV for an undisclosed amount. FILE PHOTO – A T-Mobile logo is advertised on a building sign in Los Angeles, California, U.S., May 11, 2017. REUTERS/Mike Blake/File Photo The moves come as competitors seek ways to provide content to win over customers in a saturated mobile market, and after the No. 3 U.S. wireless carrier and No. 4 rival Sprint Corp ended merger talks last month. T-Mobile Chief Financial Officer Braxton Carter said last week Click Here to Read more

Bitcoin fever exposes crypto-market frailties

LONDON/NEW YORK (Reuters) – 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. FILE PHOTO: A coin representing the bitcoin cryptocurrency is seen on computer circuit boards in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic/File Photo At the same time, Bitfinex, the world’s biggest bitcoin exchange by trading volume, said it was under a heavy denial-of-service (DDoS) attack, meaning its servers had been intentionally flooded with junk online Click Here to Read more

Google launching artificial intelligence research center in China

BEIJING (Reuters) – Alphabet Inc’s Google said on Wednesday it is opening an artificial intelligence (AI) research center in China to target the country’s local talent, even as the U.S. search firm’s products remain blocked in the country. The Google logo is pictured atop an office building in Irvine, California, U.S., August 7, 2017. REUTERS/Mike Blake Google said in a statement the research center is the first of its kind in Asia and will comprise a small team operating out of its existing office in Beijing. Chinese policy makers have voiced strong support for AI research and development in the Click Here to Read more

Bitcoin hits another record high in march toward $20,000

NEW YORK (Reuters) – Virtual currency bitcoin hit another all-time peak on Tuesday, two days after the launch of the first ever bitcoin futures on a U.S. exchange and ahead of the start of another futures contract next week, as investors grew optimistic that the $20,000-mark is within reach. A Bitcoin (virtual currency) coin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration On Sunday, Chicago-based derivatives exchange Cboe Global Markets (CBOE.O) launched bitcoin futures, enabling investors to get exposure to the currency via a large, regulated exchange. The Click Here to Read more

Lyft starts Canada service in first international foray

(Reuters) – U.S. ride-hailing firm Lyft Inc on Tuesday launched its service in Toronto, the first international market for the rival of much larger Uber Technologies Inc [UBER.UL]. FILE PHOTO: An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. REUTERS/Chris Helgren/File Phot Lyft is moving outside the United States as Uber faces investigations by governments around the world over its cover up of a massive 2016 data breach. Lyft raised $1 billion in October, in a financing round led by CapitalG, the growth investment fund of Alphabet Inc (GOOGL.O) and in September Click Here to Read more

Bitcoin slips to around $16,300, futures volumes drop

SINGAPORE (Reuters) – Virtual currency bitcoin dipped slightly from the previous session’s record highs on Tuesday, after a month of whirlwind and volatile gains leading up to the launch of bitcoin futures on the weekend. A Bitcoin (virtual currency) coin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration Bitcoin was quoted at $16,390 on the Luxembourg-based Bitstamp exchange, down half a percent or $80 from its previous close. The world’s biggest and best-known cryptocurrency hit a record high of $17,270 on Monday, registering a nearly twenty-fold increase in Click Here to Read more

Bitcoin futures suggest breakneck rise in price to slow

NEW YORK/LONDON (Reuters) – Newly launched bitcoin futures on Monday suggested that traders expect the cryptocurrency’s blistering price gains to slow in the coming months, even as it blasted above $17,000 to a fresh record high in the spot market. Chicago-based derivatives exchange Cboe Global Markets (CBOE.O) launched the futures late on Sunday, marking the first time investors could get exposure to the bitcoin market via a large, regulated exchange. The one-month bitcoin contract opened at 6 p.m. local time (2300 GMT) on Sunday at $15,460. By late afternoon on Monday in New York, it was trading at $18,650, roughly Click Here to Read more

New bitcoin futures suggest breakneck price gains to slow

NEW YORK/LONDON (Reuters) – Newly launched bitcoin futures on Monday suggested that traders expect the cryptocurrency’s blistering price gains to slow in the coming months. Chicago-based derivatives exchange Cboe Global Markets launched the futures late on Sunday, marking the first time investors could get exposure to the bitcoin market via a large, regulated exchange. The one-month bitcoin contract opened at 6 p.m. local time (2300 GMT) on Sunday at $15,460. By midday on Monday in New York, it was trading at $17,780, roughly 10 percent above bitcoin’s spot price of $16,335 on the Bitstamp exchange. But given bitcoin has almost Click Here to Read more

Hackers hit major ATM network after U.S., Russian bank breaches: report

FRANKFURT (Reuters) – A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said on Monday. FILE PHOTO: A magnifying glass is held in front of a computer screen in this picture illustration taken in Berlin May 21, 2013. REUTERS/Pawel Kopczynski Group-IB warned that the attacks, which began 18 months ago and allow money to be robbed from bank automated teller machines (ATMs), appear to be ongoing and that banks in Latin America could be targeted next. Click Here to Read more

Hotly anticipated bitcoin futures ease off after 22 percent surge

NEW YORK/SYDNEY/LONDON (Reuters) – Bitcoin futures eased back from an initial surge of almost 22 percent to trade up 13 percent on Monday, in an eagerly awaited U.S. market debut that backers hope will confer greater legitimacy on the volatile cryptocurrency and lead to its wider use. Virtual currency Bitcoin tokens are seen in this illustration picture, December 8, 2017. Picture taken December 8. REUTERS/Dado Ruvic/Illustration Although bitcoin futures were already offered on some unregulated cryptocurrency exchanges outside the United States, the Chicago-based Cboe Global Markets’ (CBOE.O) launch marked the first time investors could get exposure to the market via Click Here to Read more