Trading at Bitstamp, a European bitcoin exchange, was suspended after one storage wallet was compromised recently. The trading site issued a warning to users against depositing in addresses that were issued previously. It also revealed that only a small number of its customers are kept on their online system. It added that the compromised virtual […]
The sanctions imposed by the United States against North Korea over the Sony hacking scandal have apparently struck a chord with the communist regime. The North Korean government again denied any role in the hacking attack on Sony which revealed tens of thousands of confidential or emails and business files. A representative of the communist […]
With the $1.1 billion that Xiaomi raised in venture capital, the company currently has a valuation of $45 billion, according to a Facebook post by the president and co-founder of the company, Bin Lin. The rapid ascent of the Chinese smartphone manufacturer was highlighted with the financing it acquired recently. Due to this, it became […]
The Alibaba Group has spent around $161 million in the removal of counterfeit items from its e-commerce listing. The e-commerce giant based in China made the announcement recently with more than 90 million listed items removed from its sites. The cleansing was implemented by the company from January 2013 until November 2014. The announcement may […]
Two militants were hanged in Pakistan this week as executions for those on death row were resumed after a moratorium. The new approach to the death penalty and the way it is carried out is mainly due to the Peshawar school massacre which shocked the world. The two executed militants were Aqeel Ahmad also known […]
A disclosure at the Shenzhen Stock Exchange revealed that even though the earnings of Xiaomi reached $4.3 billion last year, its net profit only amounted to $56 million. This figure indicates that the third-largest smartphone manufacturer in the world has an operating margin of only 1.8 percent. This pales on comparison to the 18.7 percent […]
The United States’ mission in Afghanistan just announced that it closed its last detention facility in the country, transferring all its prisoners to Afghan custody. This marks another step in the ending of what some would call a controversial aspect of the war on terror launched more than a decade ago. However, numerous attacks both […]
U.S. officials have suggested that Iran has launched an air offensive against Islamic State Targets based in Iraq. The alleged attacks have taken place in the last couple of days being the first attack by Iran’s military on I.S. militants. United States officials declared anonymously that Iran has used its F-4 Phantoms to launch air […]
Amazon will continue to take risks despite the unpopularity of the Amazon Fire Phone. The first smartphone of the company was a bust when it was initially offered in the market. This was revealed recently by Jeff Bezos, CEO of the company. Bezos made the revelation during the Ignition conference of Business Insider. He defended […]
The $450 million settlement Apple has to pay for the role it played in a conspiracy to fix the prices of e-books was approved recently by a New York federal judge. The settlement was called fair and reasonable by Manhattan US District Court Judge Denise Cote. The settlement compels the software giant to pay around […]
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