The head of the World Bank has compared cryptocurrencies to “Ponzi schemes”, the latest financial voice to raise questions about the legitimacy of digital currencies such as bitcoin. “In terms of using bitcoin or some of the
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Slow clap for Snapchat, which managed not to fall on its face during a quarterly earnings report for the first time in its history. Parent company Snap reported this week that its advertising revenue increased more than Wall Street
Microsoft, Google and Apple have thrown their support behind proposals in the US congress to deal with cross-border data requests from law enforcement – even as the issue heads for review before the supreme court
A South Korean appeals court let Samsung Electronics vice chairman Jay Y Lee walk free from prison after suspending his sentence for bribery, a stunning reversal that raises questions about the government’s
Broadcom has raised its bid for Qualcomm to about $121bn, in an attempt to force what could be the largest-ever technology deal. The new offer of $82 a Qualcomm share will be Broadcom’s final offer, according
Elon Musk’s SpaceX Falcon Heavy rocket is scheduled for launch on 6 February, and the entire space industry is watching with anticipation. What is so special about this rocket? This vehicle will be the first of its kind, the world’s
The deepening selloff in cryptocurrencies has just claimed another victim: bitcoin’s “kimchi” premium. Prices for the cryptocurrency in South Korea have tumbled back in line with those on overseas exchanges for the first time in
GoPro has reported disappointing sales in the fourth quarter, battered by a dismal holiday season and potentially hastening the likelihood of a sale. The results for the once high-flying action-camera maker add to months of
Apple forecast lower-than-expected revenue for the current quarter and reported iPhone sales from the crucial holiday period that missed analysts’ forecasts, suggesting waning demand for its most important product. The
Microsoft has topped analysts’ estimates for second quarter revenue, helped by brisk quarterly growth in its cloud and corporate-software businesses, while a tax charge caused the company to report a net loss. The software maker