The price of bitcoin slumped by 15 percent to drop below $12,000 for the first time since December 4.
The price drop is having a huge impact. According to Coinmarketcap.com, a site that is quickly becoming the go-to price checker, just one of the top 100 highest valued cryptocurrencies isn’t in the red over the past 24 hours.
It’s a far cry from when bitcoin hit a record of close to $20,000 exactly a month ago on December 16.
Despite the drop, Ethereum, Ripple and the rest of the internet’s alt coins have largely fared worse than bitcoin.
According to Bloomberg’s sources, peer-to-peer transactions won’t be policed, but any organizations that facilitate market-making, settlement, and clearing services for centralized trading will be targeted by local authorities.
The news follows reports and clarifications about South Korea banning local exchanges there; regulators have confirmed that they won’t block domestic cryptocurrency trading, but will investigate tax evasion and KYC protocols within these organizations.
SoftBank Group said on Monday it was considering listing its Japanese wireless business – a move that could reportedly raise $18 billion and would accelerate the conglomerate’s transformation into one of the world’s biggest tech investors.
A spin-off – potentially the biggest IPO by a Japanese company in nearly two decades – would give the unit more autonomy and help investors value the business as well as its parent which has myriad holdings across the tech industry.
SoftBank Group is aiming to sell about 30 percent of SoftBank Corp, Japan’s No.
“It makes sense to spin off the mobile-phone business using a public offering that would leave SoftBank in control and provide SoftBank with more cash to pursue its strategy of investing in companies with potentially high growth prospects,” Erik Gordon, a professor at the University of Michigan’s Ross School of Business.
The world's most expensive smartwatch comes studded with 589 diamonds.
If you think diamond rings are overdone but still have a thing for those massive shiny stones, what about a diamond-studded watch?TAG Heuer added 589 baguette-size diamonds (that's 23.35 carats worth of precious stone) to its latest smartwatch, which it showed off at this week's Salon International de la Haute Horlogerie Geneve.
It's not the first time a company has tried to put diamonds on our gadgets.
Over 1,000 young people are facing charges in Denmark after allegedly sharing two sexually explicit videos and a photograph involving underage subjects on Facebook Messenger.
The sharing occurred in late 2017 and depicted a sexual encounter between two 15-year-olds.
“We want to give out a warning to young people: think about what you’re doing," said Flemming Kjærside of Denmark's National Cyber Crime Center in a statement. "But they possibly do not know that it is illegal and that they can be convicted for distributing child pornography."
On Monday, conservative activist and filmmaker James O'Keefe published undercover footage of Twitter engineers alleging the social network has hundreds of employees reading "everything you post online" — including direct messages.But according to Twitter, these claims are factually incorrect and misleadingly portrayed by O'Keefe's media organization Project Veritas.
The undercover video shows Twitter engineer Clay Haynes telling a Project Veritas activist that hundreds of employees have seemingly unrestricted access to Twitter users' private data.
A former senior Twitter employee echoed the company's comment, observing that the claims in Monday's Project Veritas video were "technically accurate to a degree, but exaggerated for effect by drunk idiots."
Syndicates was launched in the US in 2013 with the purpose of giving experienced early-stage investors more spending potential and allowing those with less experience to join them to put money into promising early-stage companies.
Available in the US, Canada, the UK and now India, AngelList said Syndicates have raised $705 million from more than 1,870 startups.
Alibaba says its deep neural network model has outscored humans in a global reading test, paving the way for the underlying technology to reduce the need for human input.
The Chinese tech giant's research unit, Institute of Data Science of Technologies (IDST), said it had developed a deep-learning model that attained a score of 82.44 in Exact Match on the Stanford Question Answering Dataset (Squad).
Alibaba said its neural network model was based on the Hierarchical Attention Network, which it explained would read "from paragraphs to sentences to words" to identify phases that could hold potential answers.
Commenting on the Squad score, Alibaba IDST's chief scientist of natural language processing Si Luo, said: "That means objective questions such as 'what causes rain' can now be answered with high accuracy by machines.
So for Pony.ai, which was founded a little more than a year ago in late 2016 by James Peng and Tiancheng Lou, the company decided to go crazy big, announcing today that it has closed on an $112 million Series A venture capital round to pursue their vision of a complete autonomous car solution, putting them almost instantly into the upper strata of competitors in the space.
The round was led by Morningside Venture Capital and Legend Capital, both large, early-stage, China-focused venture funds.
Peng first got introduced to autonomous cars while working at Baidu, the Chinese search engine.
The two were both deeply excited about the future of autonomous cars, but the speed of execution at these large tech giants was much slower than they were willing to move.
In addition to the Avalon, Toyota plans to expand CarPlay compatibility to its other 2019 model year vehicles and beyond with its Entune 3.0 multimedia system, according to Toyota spokesperson Brian Lyons.
Technological advances associated with the fourth industrial revolution – including artificial intelligence – allow the automation of an increasingly wide array of processes in increasingly interactive and sophisticated ways.
But the new technologies also involve important risks, which have special significance in developing countries.
Three of these inter-related risks are worsening unemployment, increasing concentration of economic power and wealth, and the spread of biases in influential algorithms.
The concern that new technologies – especially artificial intelligence – will lead to widespread job losses has been widely discussed.