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Baidu claims its robotaxis rival traditional ride-hailing in parts of China

Baidu got approval to charge fares for its robotaxi rides in the Beijing suburb of Yizhuang in November 2021. Vcg | Visual China Group | Getty Images BEIJING — Chinese tech company Baidu said its robotaxi business in large cities is close to gaining the same traction with locals as …

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New York governor signs law cracking down on bitcoin mining

These machines, known as mining rigs, work round the clock to find new units of cryptocurrency. Benjamin Hall | CNBC New York Gov. Kathy Hochul signed a law Tuesday banning certain bitcoin mining operations that run on carbon-based power sources. For the next two years, unless a proof-of-work mining company …

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China shows signs of easing its intense crackdown on the gaming sector

Chinese regulators have increased scrutiny on the domestic game sector over the past year and a half. But new batches of game approvals and positive steps on improving gaming addiction among kids under 18 years old, could be positive signs that the crackdown is easing. Xing Yun | Costfoto | …

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Indonesia’s GoTo reports wider nine-month loss

Motorcyclists travel past a billboard advertising GoTo’s initial public offering in Jakarta, Indonesia, on Friday, April 8, 2022. GoTo, formed through the merger of Gojek with e-commerce pioneer Tokopedia, raised $1.1 billion in one of the worlds biggest stock debuts this year and is slated to list in Jakarta April …

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Coinbase shares drop as bitcoin slides, FTX-related concerns mount

Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Coinbase shares fell more than 8% Monday, extending a slide that’s pushed the crypto exchange to its lowest since its market …

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Civil rights leaders condemn Musk decision to lift Trump Twitter ban

Trump advisor Steve Bannon (L) watches as President Donald Trump greets Elon Musk, SpaceX and Tesla CEO, before a policy and strategy forum with executives in the State Dining Room of the White House February 3, 2017 in Washington, DC. Brendan Smialowski | AFP | Getty Images Civil rights leaders …

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Grayscale won’t share proof of reserves due to ‘security concerns’

The SEC on Wednesday rejected Grayscale’s application for a spot bitcoin ETF, citing a failure by the investment manager to answer questions about concerns around market manipulation. Nurphoto | Nurphoto | Getty Images Grayscale, the asset manager running the world’s largest bitcoin fund, said in a statement that it won’t share its proof …

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Cost-cutting customers are coming to us in tough economy

Palo Alto Networks is seeing tailwinds from customers looking to slash costs in the worsening economy, CEO Nikesh Arora said Thursday. “The silver lining in the current environment is that we’re having more consolidation conversations —because suddenly, the number one priority in addition to being secure is: ‘Can you help …

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Tech layoffs not a bellwether for cuts in other industries: Morgan Stanley

Small toy figures are seen in front of displayed Facebook’s new rebrand logo Meta in this illustration taken, October 28, 2021. Dado Ruvic | Reuters Tech employees at companies from Asana to Amazon and Meta have had their ranks winnowed by massive cuts not seen since the early days of …

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Crypto startup Ripple seeks license in Ireland to drive EU expansion

In this photo illustration of the ripple cryptocurrency ‘altcoin’ sits arranged for a photograph on April 25, 2018 in London, England.  Jack Taylor | Getty Images News | Getty Images U.S.-based crypto company Ripple no longer derives most of its income from America and is looking to expand its reach …

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