Tag: Tech

Hackers Take $150 Million From Crypto Exchange BitMart During ‘Large-Scale Security Breach’

December 6, 2021
Business & EconomyCompaniescrypto exchangecryptocurrencyhackersInternationalInvestmentsecurity breachTechTech NewsWorld
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Hackers have taken millions from cryptocurrency trading platform BitMart during a “large-scale security breach,” the company announced in a statement on Monday. BitMart, which provides real-time trading services including Bitcoin, Ethereum, and Tether trading, said that the hackers were able to withdraw about $150 million in assets. However, blockchain security and data analytics firm Peckshield, which was the…

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Twitter’s Design, Engineering Heads to Step Down in Management Rejig

December 5, 2021
Social MediaTechTwitterUSUS News
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Twitter Inc. said on Friday its engineering head Michael Montano and design chief Dantley Davis would step down from their roles by the end of this month, as part of a broader management restructuring at the social networking site. The moves come just days after co-founder Jack Dorsey stepped down as chief executive officer and…

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Taiwan Says Is Important Partner, Will Keep Talking to US on Currency

December 5, 2021
Asia & PacificBusiness & EconomyChinaChinese RegimecurrencyeconomypartnerTaiwanTechUSUS NewsUS-China relationsWorld
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TAIPEI—Taiwan and the United States have mutually beneficial trade relations especially in technology, and the two have “smooth” communication channels and will keep talking to each other on currency issues, Taiwan’s central bank said on Saturday. Taiwan, along with Vietnam, again exceeded the U.S. Treasury’s thresholds for possible currency manipulation and enhanced analysis under a…

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Elon Musk’s Wealth Declines by $15B as Tech Stocks Plunge

December 5, 2021
AMERICABusiness & EconomyCCP VirusCompanieseconomyElon MuskInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNorthern CaliforniaRegional-Local NewsstocksTechUSUS NewswealthWorld
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The stock market saw an overall plunge on Friday after a discouraging November jobs report coupled with COVID-19 Omicron variant concerns. Technology stocks were among the most notable losers on Friday as Tesla Inc. fell 6.4 percent. With that, Tesla CEO Elon Musk’s net worth fell by $15.2 billion. That leaves Musk’s fortune at $268.9…

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6 Gift Ideas for the Workplace

December 4, 2021
Business & EconomyBusiness ColumnistsproductivityTechTech tipsTips & Tricksworkplace tips
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The holiday shopping season has commenced. As an employer, you want to get your team a gift, but you don’t know what to get them. How about coming up with solutions that make their lives easier at the office? People spend a large portion of their lives at work, and making working conditions more comfortable…

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Bringing Balance to Australia’s COVID-19 Story: The ‘Real Rukshan’ on Lockdown Protests

December 4, 2021
AustraliaAustralia COVID-19CCP VirusInternationalMELBOURNEReal RukshanRukshan FernandoSocial Mediasocial media influencerTechVaccines & SafetyvictoriaWorld
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For Rukshan Fernando, something simply didn’t add up—it didn’t make sense. News outlets portrayed the “government as doing great, the police are doing great, and that everything was great” in Victoria’s handling of the pandemic. But at the same time, protesters were portrayed as fringe elements of society, “extremists” and “anti-vaxxers.” “It didn’t gel with…

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Trump Says Investors Will Invest $1 Billion in His Social Media Group

December 4, 2021
Business & EconomyCompaniesDonald TrumpMedia & Big TechPatrick OrlandoSocial MediaTechTech NewsUSUS News
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Former President Donald Trump has secured agreements from investors for $1 billion as he works to establish a social media platform to rival the Big Tech companies that deplatformed him. Trump announced Saturday that the pledges from unnamed investors will turn into investments once Digital World Acquisition Corp., a blank-check firm, and the social media group…

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North Carolina Senate Passes ‘Zuck Bucks’ Bill to End Private Donations to Local Election Boards

December 4, 2021
2020 Election2022 Midterm ElectionsBusiness & EconomyCenter for Tech and Civic LifeElection IntegrityFeatured TopicsLocal NewsMedia & Big TechNorth CarolinaNorthern CaliforniaPoliticsRegional-Local NewsSocial MediaTechUSUS NewsZuck Bucks
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The North Carolina Senate passed a bill that proposes to ban private funding of state and county election boards. The push for Senate Bill 724, also known as “Zuck Bucks,” came from what some have described as a record amount of private funds flooding into the 2020 election. If the bill is not signed or…

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Work and Play in Space? NASA Awards $415.6 Million for New Space Hubs

December 3, 2021
bezosBusiness & EconomyCompaniesNASAScienceScience NewsSpaceTechTech News
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SEATTLE—NASA announced on Thursday it has awarded $415.6 million to billionaire Jeff Bezos’s Blue Origin, stalwart contractor Northrop Grumman Corp., and venture-backed Nanoracks to develop privately-owned and operated commercial space stations. The trio of awards are emblematic of the U.S. space agency’s efforts to tap private companies to enable an American-led commercial economy in low-Earth…

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Apple Loses Another Key Car Engineer

December 3, 2021
appleBusiness & EconomyCar EngineerCompaniesMarket WatchMarketsTechTech News
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Electric air taxi start-up Archer Aviation Inc. roped in Apple Special Projects Group engineering director Michael Schwekutsch as its SVP engineering, CNBC reported on Wednesday. Schwekutsch will lead the Archer’s battery and electric motor development efforts. Former Apple’s VP of special projects, Doug Field, left in September to lead Ford Motor’s (F) emerging technology efforts….

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