The price of cryptocurrencies continued to plunge Tuesday as ongoing fears of a ban in South Korea along with a new crackdown on trading in China drove a nearly unprecedented bear market. At the top of the list, bitcoin saw a large selloff as its price dropped below $10,000 briefly, according to CNBC, its lowest price ...

Self-driving car technology startup Pony.ai said today it has raised an unusually large early-stage funding round of $112 million in an effort to pull out in front of many well-funded rivals. The Series A round was jointly led by Morningside Ventures and Legend Capital. Seed round lead investor Sequoia China and IDG Capital also participated ...

Chinese mobile phone maker Huawei Technologies Co. Ltd., along with ZTE Corp., are facing a ban that would prevent their phones and equipment being used by the U.S. government under proposed legislation that is ostensibly seeking to prevent spying by the Chinese government. The bill, H.R. 4747: “Defending U.S. Government Communications Act,” put forward by Congressman Mike Conway (R-Texas) Friday, not onlywould ...

South Korea’s crackdown on bitcoin and cryptocurrency trading has turned into a comedic farce worthy of a Shakespeare play, with reports saying that the government is racked with serious infighting over how to go forward with it. The first act of the farce started in October when South Korea’s finance minister said it was reviewing ...

Hospitals are once again the target of ransomware attacks as a regional hospital is being held hostage by persons unknown demanding a bitcoin ransom payment. In what is likely the first case of ransomware against a hospital in 2018, the Hancock Regional Hospital in Greenfield, Indiana, first detected the attack on Thursday before it spread throughout ...

A think tank today published a report that claims that nuclear weapon systems in both the U.S. and U.K. are vulnerable to hacking and that hackers could potentially start a nuclear war. The claim comes from Chatham House in its report “Cybersecurity of Nuclear Weapons Systems: Threats, Vulnerabilities and Consequences,” which details the history of ...

Microsoft Corp. is bringing end-to-end encryption to Skype through a newly announced partnership with Open Whisper Systems, the folks behind the open-source encrypted communications application Signal. The new service, called Skype Private Conversations, will allow users to encrypt audio calls and text messages along with any images, audio or video files sent via Skype’s text messaging ...

Ripple Labs Inc. may have finally found someone to use its cryptocurrency for real-world transfers. The company today said it has signed a deal with MoneyGram International Inc. to try out XRP as a way to facilitate international transfers. Under the trial, MoneyGram will access and use Ripple’s XRP. The transfers will be processed on xRapid, Ripple’s ...

Not happy with simply regulating cryptocurrency exchanges, South Korea has moved to ban all cryptocurrency trading within its borders, sparking chaos in global markets. The decision to implement an outright ban, only weeks after implementing new regulations, was announced by South Korea’s justice minister at a press conference Thursday morning local time. It was justified ...

South Korean carmaker Hyundai Motor Company is the latest to jump into the ride-hailing market through an investment and strategic agreement with Singapore-based Grab Taxi Holdings Pte. Ltd. Under the agreement, Hyundai and Grab will jointly explore ways to develop and provide innovative services to Southeast Asian customers, including a new mobility service platform that will ...