Bitcoin dropped to the lowest level this year as pressure mounts on the embryonic digital currency sector, with global central bankers raising questions of viability and government regulators increasing scrutiny
Author: Agency Staff
Bitcoin dropped the most in more than a week and led digital coins lower after Japanese regulators hit six of the country’s biggest cryptocurrency trading venues with business-improvement orders. The crackdown surprised
The ouster of Intel CEO Brian Krzanich for an inappropriate workplace relationship leaves the world’s second largest chip maker with the worst leadership crisis in its 50-year history. During a five-year stint as CEO, Krzanich
Indian start-up Swiggy has raised US$210-million (about R2.9-billion) in a round led by South Africa’s Naspers and investment house DST Global, setting a stage for a battle between well-funded players in the
Deutsche Telekom’s T-Systems computer services unit is cutting more than a quarter of its positions to reduce costs after draining money for years. The unit will cut as many as 10 000 jobs, of which
Facebook co-founder Mark Zuckerberg came within a whisker of leapfrogging Warren Buffett as the world’s third-richest person on Wednesday. Zuckerberg, more than half a century younger than the Berkshire
TuneIn, the online radio service, has enlisted LionTree Advisors to help the company evaluate strategic options, including a possible sale. TuneIn hired the boutique investment bank in recent weeks, CEO John
21st Century Fox has accepted a sweetened, $71.3-billion bid from Walt Disney Co for its entertainment assets, outbidding Comcast in a battle for one of the media industry’s biggest prizes. The $38/share price is about
Government will consider introducing computer coding in South Africa’s education system, communications deputy minister Pinky Kekana said on Wednesday. “The time has come for us to introduce basic coding in our
Facebook’s photo-sharing app Instagram has reached a billion monthly active users. To spur future growth, the company announced a new feature: Instagram television. Anyone will be able to upload videos for Instagram’s new