Block.One, the Hong Kong-based company that raised a record-breaking $4 billion in an initial coin offering, is in trouble, as its blockchain crashed shortly after launching. The EOS Mainnet blockchain, pitched as an “operating system” that allows scalable “decentralized autonomous communities” with the support of asynchronous smart contract communication, crashed on Saturday, or officially was “paused.” ...

Foxconn Technology Group has purchased a building in Milwaukee, Wisconsin, as its North American headquarters, as part of the company, Apple Inc.’s main product supplier, moves to establish manufacturing facilities in the U.S. In a move that could be described as making Apple American-made again, Foxconn is starting with the head office ahead of the ...

Australia has suddenly become ground zero in the global ride-hailing wars. Chinese giant Didi Chuxing Technology Co. will open for business June 25 in direct competition with Uber Technologies Inc. and India’s Ola, the first time the world’s biggest ride-hailing companies have competed head-to-head in the same market. Didi’s first stop in the Australian market ...

Chinese regulators Thursday approved Qualcomm Technologies Inc.’s acquisition of NXP Semiconductors N.V., the last hurdle of nine the deal has jumped over, according to reports. Or did they? The approval, as initially reported, came despite attempts by Congress to derail the Trump administration’s ZTE deal, the pair of deals seen by some as a quid pro quo ...

Nearly a year after first stating that tokens issued as part of initial coin offerings may be subject to securities law, a U.S. Securities and Exchange Commission official says traditional cryptocurrencies are not in fact securities. The clarification comes from William Hinman, head of the division of corporation finance at the SEC. He told an audience ...

AT&T Inc.’s $85 billion takeover of Time Warner Inc., the acquisition closed today following a ruling Tuesday by a U.S. District Court judge that overruled a ban by the Department of Justice, but the deal is raising concerns in the tech community over net neutrality. The combined company now includes leading entertainment and online streaming properties ...

Remote monitoring and management startup Continuum Managed Services LLC today said it has acquired CARVIR, a cybersecurity company specializing in monitored and managed security, for an undisclosed sum. With the deal, Continuum will add CARVIR technology to its technology platform for managed service providers to enable information technology service providers to meet the security and compliance needs of their ...

Japanese police are investigating suspects for illegally inserting cryptomining code onto computers in what could be the first significant test case targeting website owners using the practice worldwide. According to Japanese newspaper Machini, police believe a number of people used other people’s personal computers without permission, setting up websites in fall 2017 to install a program ...

A new research paper has confirmed long-held suspicions that the Tether cryptocurrency was used by people linked to the Bitfinex exchange to drive up the price of bitcoin and other cryptocurrencies last year. The paper, written by University of Texas Professor John Griffin, who is known for catching fraud in financial markets, and graduate student Amin Shams, details ...

Toyota Motor Corp. is the latest investor in Southeast Asian ride-hailing startup Grab Taxi Pte. Ltd., investing $1 billion into the company to strengthen their existing partnership and expand the collaboration between them. As part of the deal announced today, a Toyota executive will be appointed to Grab’s board of directors and a dedicated Toyota team member will be ...