Bitcoin slumped to the lowest level since December in Asia trading hours as cryptocurrencies continued a January selloff amid rising scrutiny from global regulators. Bitcoin fell 6.3% to US$13 040 at 10.32am in Hong Kong, the lowest
Author: Agency Staff
Tencent-backed Chinese start-up Kuaishou is seeking to raise funds at about a US$17bn valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia. The company is targeting around $1bn
China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, according to people familiar with the matter. While authorities banned
ANC president Cyril Ramaphosa said on Sunday night that while Jacob Zuma’s government must obey the decisions of the party, he doesn’t want to “humiliate” the president and divide the nation. Ramaphosa, speaking in a
Recent revelations that millions of Intel’s chips carry a security flaw is putting a deeper strain on the company’s decades-long partnership with Microsoft. Dubbed Wintel, the two technology giants worked hand in hand for much
Eskom, which generates almost all of South Africa’s electricity, is still studying the impact of a tariff increase that was about a quarter of what it requested as shrinking liquidity threatens the utility. An award by the state energy regulator
Chinese smartphone maker ZTE aims to launch a smartphone with faster 5G Internet capabilities in about a year, according to Lixin Cheng, CEO of the company’s US division. The device would be introduced in the US at the end of
Facebook is making major changes to its flagship social network, shifting users’ news feeds back toward posts from friends and family and away from businesses and media outlets – a transition that is likely to mean people spend
Intel, trying to defuse concern that fixes to widespread chip security vulnerabilities will slow computers, released test results late on Wednesday showing that PCs won’t be affected much and promised more information on servers
Bitcoin slumped as South Korea’s justice ministry reiterated a proposed ban on cryptocurrency venues, fuelling concern that a government crackdown will erode one of the world’s biggest sources of demand for digital currencies