Internet
‘A total disaster’: Crypto firms face being booted from the UK as a key deadline approaches
A novelty Bitcoin token photographed on a £10 note. Matt Cardy | Getty Images LONDON — A slew of cryptocurrency companies could be forced to wind down their business in the U.K. if they fail to register with the finance watchdog ahead of a key deadline next week. From Mar. 31, firms operating crypto services […]
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MacKenzie Scott donates $3.8 billion to 465 organizations
Mackenzie Scott Kevork Djansezian | Getty Images Billionaire philanthropist MacKenzie Scott announced Wednesday that she has given away more than $3.8 billion to 465 organizations. Scott, the ex-wife of Amazon CEO Jeff Bezos, wrote in a Medium post that she made the donations over the last nine months. The list of recipients includes a range […]
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Apple buys UK fintech start-up Credit Kudos
Customers walk past a digital display of the new green color Apple iPhone 13 pro inside the Apple Store on 5th Avenue in Manhattan, in New York, March 18, 2022. Mike Segar | Reuters LONDON — Apple has acquired British fintech start-up Credit Kudos, a person familiar with the matter told CNBC, confirming an earlier […]
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Tencent ‘exploring’ a financial holding company for WeChat Pay if Chinese regulators require it
An image of WeChat Pay in action. Zhang Peng | LightRocket | Getty Images Chinese tech giant Tencent is exploring whether regulators will require it to create a financial holding company to house is fintech business, a top executive said on Wednesday. The comments come after Bloomberg reported last week that Chinese authorities are considering […]
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Tencent quarterly profit surges 60% despite slowest revenue growth on record
Tencent’s twin-skyscrapers at Shenzhen Bay Start Up Plaza in Nanshan business district. Nikada | Getty Images Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021 as the Chinese technology giant continues to feel the impact of Beijing’s regulatory tightening on the domestic technology sector. However, the company posted a […]
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The metaverse may bring new cyber risks. Here’s what companies can do
An employee wearing HTC’s Vive virtual reality headset plays a video game at the T.UM showroom in the SK Telecom Co. headquarters in Seoul, South Korea, on June 11, 2021. SeongJoon Cho | Bloomberg | Getty Images Imagine discussing a confidential multimillion-dollar deal with your boss. The conversation ends, and you both leave. A while […]
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Authentication firm Okta says it has found no evidence of new attack after hackers claim breach
In this photo illustration an Okta logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket | Getty Images Identity management firm Okta has said it found no evidence of ongoing malicious activity after a group called Lapsus$ posted pictures claiming to have hacked the company. Lapsus$ posted screenshots on its Telegram […]
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UK watchdog puts 50 crypto companies on notice over ‘misleading’ ads
A bitcoin ATM inside a shop in Finsbury Park, London, on Feb. 4, 2022. Luke MacGregor | Bloomberg | Getty Images LONDON — Over 50 cryptocurrency companies have been sent enforcement notices by the U.K.’s advertising watchdog as part of a regulatory crackdown on promotions in the industry. The Advertising Standards Authority said Tuesday it […]
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Alibaba surges nearly 10% after it ups share buyback program to $25 billion
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Alibaba’s Hong Kong-listed stock surged nearly 10% on Tuesday after the Chinese e-commerce giant said it would increase the size of its share buyback program from $15 billion to $25 billion. The share repurchase scheme will be effective […]
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Alibaba increases share buyback to $25 billion from $15 billion
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Chinese e-commerce giant Alibaba Group Holding said on Tuesday it upsized its share buyback program to $25 billion from $15 billion, the second time in the past year. Alibaba said it had already re-purchased about $9.2 billion of […]
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