Jeff Garzik, one of a handful of key developers who helped build the underlying software for bitcoin that is known as blockchain, has seen its shortcomings firsthand. So he decided to create a better digital currency. He’s calling it metronome and
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Cisco has agreed to buy BroadSoft for about US$1.9bn to expand further into software and cloud services. The $55/share cash offer announced Monday is a 28% premium over BroadSoft’s closing price on 29 August, a day before
China’s Meituan Dianping just became the world’s fourth most valuable start-up, reaching a US$30bn valuation that puts it ahead of high-fliers like Airbnb and Space X. Never heard of Meituan? You’re not alone. The Beijing-based
After more than five years of declining sales, IBM says it will finally show investors it can grow again. Wall Street cheered, sending the shares up the most in more than eight years. Some of that sales boost will come from one of
Toyota is set to unveil a fuel-cell concept car that aims to offer 50% more driving range than its current hydrogen-powered sedan in a technology push that defies a rising wave of battery-driven
Dropbox has introduced a new cloud-based file-sharing option for individual business users and a new feature for marketing and creative workers to share projects, seeking to lure more paying customers ahead of an expected public share
Lazarus, a hacking group linked to North Korea, may have been behind this month’s theft of US$60m from Taiwan’s Far Eastern International Bank, according to BAE Systems researchers. The cyberattack, in which malware was used
Netflix recently warned price increases are coming for many subscribers in the US and other countries (although reportedly not in South Africa). It’s happening because Netflix has been spending a small fortune to supply homes with entertainment
Barclays will need to defend its advantages in the payments business from encroachment by technology companies including Amazon.com and Apple, according to CEO Jes Staley. “There are some tectonic shifts going on, driven
The CEO of Samsung Electronics is stepping down in a surprise resignation after decades at the company, saying it needed new leadership following a bribery scandal that led to the imprisonment of its de facto chief. Kwon Oh-hyun, who