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WeChat

Chinese social media giant WeChat shuts LGBTMAP accounts

Chinese social media giant WeChat shuts LGBTMAP accounts Via APnews: China’s most popular social media service has deleted accounts on LGBT topics run by university students and nongovernment groups, prompting concern the ruling Communist Party is tightening control over gay and lesbian content. WeChat sent account holders a notice they violated rules but gave no details, according to the founder of an LGBT group, who asked not to be identified […]

today07/07/2021 14

Chip shortage

Chip shortage causes Ford to slash vehicle production at several plants in July

Chip shortage causes Ford to slash vehicle production at several plants in July Via CNBC.com: Ford Motor is significantly cutting its North American vehicle production in July due to an ongoing shortage of semiconductor chips impacting the global automotive industry. The automaker said Wednesday it will idle or reduce production at eight plants, including six in the U.S., for varying periods of time next month and into early August due […]

today07/01/2021 20

Model 3

Tesla to ‘recall’ nearly 300,000 China-made Model 3 and Model Y vehicles

Tesla to ‘recall’ nearly 300,000 China-made Model 3 and Model Y vehicles Via CNBC.com: Chinese regulators said on Saturday Tesla would ‘recall’ nearly 300,000 China-made and imported Model 3 and Model Y cars for an online software update related to assisted driving, with owners not required to return their vehicles. The State Administration for Market Regulation said on its website that the move is linked to an assisted driving function […]

today06/26/2021 13

Starlink

Elon Musk says Starlink will go public when its cash flow is more predictable

Elon Musk says Starlink will go public when its cash flow is more predictable Via CNBC.com: Tesla and SpaceX CEO Elon Musk said he will only publicly list satellite broadband service Starlink when its cash flow is more predictable. Starlink, which is currently operated by space exploration firm SpaceX, allows people to connect to the internet via a satellite dish that is placed on or near their property. The internet […]

today06/24/2021 1

crypto mining

Bitcoin drops as China intensifies crypto mining crackdown

Bitcoin drops as China intensifies crypto mining crackdown Via CNBC.com: Bitcoin sank Monday on reports that China has intensified its crackdown on cryptocurrency mining. The world’s largest digital currency fell 7% to a price of $32,801 Monday morning, dropping below $33,000 for the first time since June 8, according to data from Coin Metrics. It was last trading at $32,964 as of 5 a.m. ET. Smaller rivals like ether and […]

today06/21/2021 1

bitcoin miners

Miami’s mayor looks to woo Chinese bitcoin miners

Miami’s mayor looks to woo Chinese bitcoin miners Via CNBC.com: Mayor Francis Suarez says Miami’s doors are open to bitcoin miners in China who are currently scrambling to find a new home after Beijing made it clear that their days are numbered. Mining is the energy-intensive process which both creates new coins and updates the digital ledger of all transactions of existing tokens. More than half of all miners are […]

today06/18/2021 6

Colonial Pipeline bitcoin

The FBI likely exploited sloppy password storage to seize Colonial Pipeline bitcoin ransom

The FBI likely exploited sloppy password storage to seize Colonial Pipeline bitcoin ransom Via CNBC.com: The FBI’s breach of a bitcoin wallet held by the cyber criminals who attacked Colonial Pipeline is all about sloppy storage, and not a reflection of a security vulnerability in the digital currency, crypto experts told CNBC. On Monday, the Justice Department reported a successful mission to retrieve $2.3 million in bitcoin paid by Colonial […]

today06/09/2021 6

Bitcoin

El Salvador’s Legislature Votes to Adopt Bitcoin as Legal Tender

El Salvador’s Legislature Votes to Adopt Bitcoin as Legal Tender Via CoinDesk: El Salvador officially recognizes bitcoin (BTC, +4.29%) as legal tender. In an early Wednesday vote, a supermajority of the nation’s legislature voted in favor of President Nayib Bukele’s proposal for the Latin American nation to adopt bitcoin. The president intends to sign later tonight or early in the morning. Sixty-two members of the legislature voted in favor of […]

today06/09/2021 6

Bitcoin

Bitcoin slides 7% after U.S. seizes most of Colonial Pipeline ransom

Bitcoin slides 7% after U.S. seizes most of Colonial Pipeline ransom Via CNBC.com: Bitcoin’s price slipped again Tuesday. The reason for the move was unclear, however it may be related to concerns over security of the cryptocurrency after U.S. officials managed to recover most of the ransom paid to hackers that targeted Colonial Pipeline. Court documents said investigators were able to access the password for one of the hackers’ bitcoin […]

today06/08/2021 4

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