Volvo’s first all-electric car will arrive in 2019 as an entirely new model, but it turns out the automaker has already shown us just what we can expect. The Swedish car company has a number of hybrids on the market already, combining four-cylinder gas engines with electric motors, but is working on its first entirely battery-electric, plug-in vehicle. According to … Continue reading
What is GBTC, the Grayscale Bitcoin Investment Trust? It’s a way for everyday average people to invest in Bitcoin and/or Ethereum, without actually taking time to sign up for a Bitcoin buying service. With GBTC stocks, users are essentially playing the cryptocoin game without learning any new skills. Today the stock GBTC gained momentum in a big way. This weekend … Continue reading
Rumors can sometimes surface and then be quashed with an incredible amount of speed, and today, the best example we have of that kind of turnaround involves the future of the country’s 5G networks. Over the weekend, rumors claiming that the National Security Council was considering building a nationalized 5G network began to surface. Now, the Trump administration has officially … Continue reading
A slew of Lenovo devices have left users’ systems vulnerable to a breach. Fingerprint Manager Pro software installed on any of some three dozen ThinkPad, ThinkCentre or ThinkStation devices apparently features weak encryption that allows someone to b…
Every year, game publishers put out Game of the Year editions, typically chock full of all the downloadable content that’s come out since the initial release along with new packaging to proclaim its “of the year” status. Some titles even get new cont…
One of Japan’s largest cryptocurrency exchanges reported last week that it had been hit by a hack that resulted in the loss of $530 million worth of NEM coins. It’s one of the biggest security incidents of its kind so far this year and Japan now wants to ensure that something like this doesn’t happen to any other exchange based in the country. Japan’s Financial Services Agency is going to inspect all other cryptocurrency exchanges.
The country’s financial regulator has also sanctioned Coincheck to get a hold on things and ordered it to make improvements. Coincheck suspended trading in all cryptocurrencies except Bitcoin on Friday. Coincheck has been ordered by the regulator to submit a report on the hack and detail measures for preventing something like this from happening again by February 13th.
If necessary, the regulator will also conduct on-site inspections of other cryptocurrency exchanges registered in Japan. Exchange operators in Tokyo feel that the massive Coincheck hack will lead to growing concerns about security among consumers and this might potentially put pressure on the price of cryptocurrencies.
Coincheck announced over the weekend that it would refund customers impacted by this hack with $400 million out of its own funds but it hasn’t detailed as yet how and when it’s going to do that. Japan’s FSA hasn’t confirmed if Coincheck has sufficient funds to reimburse all affected customers.
Japan Gets Tougher On All Crypto Exchanges After Coincheck Hack , original content from Ubergizmo. Read our Copyrights and terms of use.
Samsung has slowly been expanding its mobile payments service Samsung Pay to more markets across the globe. As the service goes live in another market today, the company says that Samsung Pay is now the “world’s most widely accepted mobile payment service.” Samsung Pay has gone live in Mexico today, it’s the second Latin American country to receive the service and the 20th Samsung Pay market globally.
Users with compatible Galaxy devices in Mexico will now be able to make payments on the fly with Samsung Pay. They will be able to use their smartphones for payment at almost all establishments across the country that accept credit, debit, or loyalty cards.
Samsung Pay is widely accepted because in addition to supporting Near Field Communication or NFC, the service is also backed by its proprietary Magnetic Secure Transmission or MST technology. It enables the payment service to work with almost all conventional point of sale terminal thus eliminating the need for merchants to acquire special NFC terminals.
Samsung has partnered with some of the leading financial service providers in Mexico including Banorte, Banregio, Citibanamex, HSBC, and Santander as well as payment providers like MasterCard, American Express, and Visa.
Samsung Pay is compatible with the Galaxy Note 8, Galaxy S8/S7/S6 series, Galaxy Note 5, the new Galaxy A8 (2018), and several other mid-range handsets in Mexico. The full list of supported handsets is now available on Samsung’s website.
Samsung Pay Lands In Mexico , original content from Ubergizmo. Read our Copyrights and terms of use.
Dell is reportedly considering a sale to VMware and it’s believed that if such a deal takes place, it may turn out to be the biggest deal ever in the tech industry. You may be a bit confused to hear that Dell is thinking about selling itself to a company it already owns. Dell currently owns 80 percent of VMware but it can sell itself to VMware in a process that’s known as a reverse merger.
Some of you might remember that Dell used to be a public company before the founder and CEO Michael Dell took the company private for $24.4 billion in 2013 by teaming up with private equity firm Silver Lake.
Dell may become a public company once again through a reverse merger with VMware, a company worth $55 billion that Dell already owns and controls. Citing people familiar with the matter, CNBC reports that this reverse merger will see VM buying the larger company – Dell in this case – thus allowing Dell to be traded publicly without having to go through a formal listing process.
If a reverse merger happens it would see VMware issue shares to Michael Dell and Silver Lake, the current owners of Dell. The owners will then be able to sell their shares on the public market and monetize their investment in the company.
The report predicts that it’s likely going to be the biggest deal in tech industry history and it will provide a way to investors who backed its bid to go private in 2013 a way to monetize their deal. The reverse merger may also help Dell pay off some of its debt that hovering close to $50 billion.
Dell has reportedly not settled on an option right now and is said to be considering other paths so a more conventional initial public offering can’t be ruled out at this point in time. There’s also the possibility that Dell might acquire the remaining 20 percent stake of VMware that it doesn’t own currently. The report does mention that Dell is unlikely to sell the company outright or even part with its stake in VMware.
Dell and VMware declined to comment on the report.
Dell Reportedly Selling Itself To A Company It Already Owns , original content from Ubergizmo. Read our Copyrights and terms of use.
The actress didn’t name names, but she has worked with Harvey Weinstein and Woody Allen in the past.
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