Coinbase Inc. has announced that it is shutting its Chicago office and laying off 30 engineers less than a year after opening it. The office, which supported a division called Coinbase Markets aimed at institutional investors, was working on building a new “matching engine” that assisted in high-frequency trading. The office originally supported about 100 employees, though how ...

Updated: Both Twitter Inc. and Snap Inc. beat earnings expectations today in a marked turnaround for two companies that have struggled with growth for some time. Twitter reported 330 million monthly users in the quarter, up from 321 million in the previous quarter but below the 336 million in reported in the same quarter of 2018. ...

The Walt Disney Co. is in talks to acquire South Korea’s NXC Corp., the majority owner of bitcoin exchanges Bitstamp and Korbit. As reported by Dailyhold, Disney’s interest is highly unlikely in cryptocurrency but instead in Nexon, 47% owned by NXC and South Korea’s largest game developer and second-largest online games publisher globally. Nexon offers more than 80 ...

Cryptocurrency exchange Gate Technology Inc., better known as Gate.io, today said it has raised $64 million in cryptocurrency assets in seven days as part of a push to launch a new custom crypto exchange. Originally from China but now based in Malta with a registered office in the Cayman Islands, Gate.io plans to build the ...

An Android app that allows users to find Wi-Fi hotspots leaked password details of more than 2 million Wi-Fi routers in plain text, according to security researchers. The WiFi Finder app, with more than 100,000 downloads on Google Play, not only helps users to locate Wi-Fi hotspots but also supplies username and passwords for Wi-Fi ...

Apple Inc. is set to upgrade its augmented reality push at its forthcoming Worldwide Developers Conference, according to a report published Monday. 9to5Mac said Apple will deliver developer support for stereo AR headsets alongside a revised ARKit, the company’s only occasionally used platform for developing AR apps. Aimed at third-party developers, the extended support for Apple-enabled AR ...

The price of bitcoin hit a yearly high of $5,332.83 Saturday before dropping on Sunday as investors continue to take a wait-and-see approach as to where the cryptocurrency may head next. Bitcoin first broke through the $5,000 mark this year on April 4 and has managed to trade between $5,000 and $5,300 since April 6, ...

Marcus Hutchins, the British security researcher who was credited with halting the spread of WannaCry ransomware in 2017 before later being arrested for hacking, has now pleaded guilty to two charges as part of a plea deal. Hutchins, known online as “Malwaretech,” shot to fame in May 2017 when he “accidentally” discovered a kill switch that ...

Tesla Inc. has obtained a restraining order against a man who is part of a Tesla short-selling community for alleged stalking and dangerous behavior. The legal filing for the restraining order Friday alleges that Randeep Hothi, who goes by the name of @skabooshka on Twitter, had been stalking Tesla’s factory and harassing its employees. Tesla alleges that ...

The French government launched a new message app for state employees April 18, but within hours the application had been found to have a serious security vulnerability. Tchap, available for both iOS and Android but limited to government employees, was designed by the republic to replace the use of Telegram, with similar features such as end-to-end ...