Latest Tech News HT Tech Authors Reuters

Reuters

Source of bitcoin’s wild price swings has remained a mystery

How investors are using software algorithms to make sense of crypto chaos

Financial firms are now looking to leverage cutting-edge technology to solve the mystery of cryptocurrencies. Here’s how they are using software algorithms to pick clues from discussions on the social networking platforms.
FILE PHOTO: An aerial view shows the brine pools of SQM lithium mine on the Atacama salt flat in the Atacama desert of northern Chile.

Here’s how lithium-rich Chile botched a plan to attract battery manufacturers

Chilean chemical company Molymet last week announced it is scrapping plans to set up a battery parts factory. Molymet’s announcement comes after a similar defection by South Korea’s POSCO.
TikTok, is a Chinese short-form video-sharing app, which has proved wildly popular this year.

TikTok to store users’ data locally in Russia

In compliance with Russian’s data laws, Chinese app TikTok will store user data in local servers.
Facebook vows Libra currency will wait for approval as US airs worries

Libra crypto won’t launch until regulatory concerns are addressed, says Facebook

Since announcing Libra cryptocurrency project last month, Facebook has faced criticism and skepticism from policymakers around the world.
VeriSilicon’s biggest external shareholder is the China Integrated Circuit Industry Investment Fund

Xiaomi invests in semiconductor designer VeriSilicon as it looks to revamp chip strategy

Xiaomi is making efforts to become self-reliant in the semiconductor segment. The latest investment is expected to help push China’s new initiative for local manufacturing.
Trump’s reversal, and rapid implementation by the Commerce Department, suggests chip industry lobbying, coupled with Chinese political pressure, may well reignite US technology sales to Huawei.

US firms may get nod to restart Huawei sales in two-four weeks: Report

US companies can currently sell goods in order to maintain existing networks and provide software updates to existing Huawei handsets, but are prohibited from making new sales of American-made goods and services.
The layoffs could be in the hundreds

Huawei plans major layoffs in US as it grapples with blacklisting: Report

Huawei is making some bold decisions as it grapples with the US blacklisting. According to a report, the Chinese company is planning to cut jobs at its US operations.
Apple had removed several apps earlier this year over privacy concerns.

iPhone parental control app ‘OurPact’ back on App Store

Apple had removed OurPact from App Store earlier this February due to privacy reasons.
Apple’s India-made top-end iPhones to hit stores next month: Report

Top-end iPhones may get cheaper next month. Here’s why

Apple’s ‘Made in India’ top-end iPhones are reportedly going to hit the market by August. The move is expected to help Apple further reduce prices of its iPhones in India.
Representations of virtual currency are displayed in front of the Libra logo in this illustration picture, June 21, 2019.

Facebook’s Libra project ‘cannot go forward’ until concerns addressed: Fed chief

The strong comments from the most powerful U.S. financial regulator underscored the growing regulatory hurdles facing the proposed cryptocurrency, which has drawn scrutiny from policymakers globally.

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