Samsung’s semiconductor business is booming, with the company recently overtaking Intel as the world’s biggest chipmaker. But the South Korean firm is not resting on its laurels, and is currently looking to expand into the buzziest contemporary market for processors: cryptocurrency mining.
Private messaging app Telegram is planning to gatecrash the cryptocurrency world with a blockbuster ten-figure initial coin offering. The company, which reaches more than 170 million monthly users, is looking to raise at least $1.2 billion from a token sale which would include a private sale set for February 2018 and public sale in March, as Business Insider reported.
Business interruption (BI) is the most important global risk for the sixth year running, according to the Allianz Risk Barometer 2018. As the risk landscape develops, companies now face an increasing number of scenarios ranging from traditional exposures like water, fire and supply chain disruption, to new intangible risks related to cyber in the ever-digitizing world.
The autonomous revolution is nearly upon us, and General Motors is entering the fray properly with this, the Cruise AV. The fruit of GM's $1 billion acquisition of Cruise Automotive back in March of 2016, the Cruise AV is a properly driverless car. That is to say, it has no steering wheel, no pedals and no real driver controls at all -- aside from a touchscreen -- and GM says it'll hit the road in 2019.
Brian Krzanich, chief executive officer of Intel, sold millions of dollars' worth of Intel stock—all he could part with under corporate bylaws—after Intel learned of Meltdown and Spectre, two related families of security flaws in Intel processors. While an Intel spokesperson told CBS Marketwatch reporter Jeremy Owens that the trades were "unrelated" to the security revelations, and Intel financial filings showed that the stock sales were previously scheduled, Krzanich scheduled those sales on October 30. That's a full five months after researchers informed Intel of the vulnerabilities. And Intel has offered no further explanation of why Krzanich abruptly sold off all the stock he was permitted to.
Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from nearly every modern computing device containing chips from Intel Corp, Advanced Micro Devices Inc and ARM Holdings, Reuters reported. On Wednesday evening, a large team of researchers at Google's Project Zero, universities including the Graz University of Technology, the University of Pennsylvania, the University of Adelaide in Australia, and security companies including Cyberus and Rambus together released the full details of two attacks based on that flaw, which they call Meltdown and Spectre.
The U.S. Securities and Exchange Commission is expected to clear the way for music-streaming service Spotify to go public using the unusual method of a direct listing. The successful music-streaming service Spotify will release its stocks to the public in 2018 through a direct offering instead of the traditional IPO. Before Spotify can directly list its shares, the New York Stock Exchange must win approval from the SEC to change its rules. “The NYSE has applied for such a change and the SEC has indicated to Spotify it’s likely to approve,” The Wall Street Journal reported.
Virtual currency investment firm Crypto Finance has closed a €13 million capital raise to fund an application for the license with Swiss Financial Market Supervisory Authority (FINMA), but did not specify a timeline. Established in June this year, the company provides asset management, brokerage and storage facilities to the crypto-investing community. It is one of a wave of startups looking to create an alternative financial system in Switzerland as the country's traditional banks continue to shy away from the booming cryptocurrency market.
With the price of Bitcoin reaching the peaks of $19,086 earlier today, it should come as no surprise the flood oof cryptocurrency-related news would reach the point of using the human body to mine crypto. We've reached a point where a Dutch startup believes that human beings should be like they were in The Matrix, simply batteries to run the system. Founded in 2015, the Institute of Human Obsolescence (IoHO) is based in The Hague and presents itself as an organization devoted to exploring how individuals can capitalize on biological, and data production labor through art and research projects.
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