Stories by Reuters

Tether used to boost bitcoin prices, study finds

There is evidence that tether, a digital currency pegged to the U.S. dollar, may have been used to manipulate the price of bitcoin and other cryptocurrencies, according to a research paper released by the University of Texas.

Trump administration throws ZTE a lifeline

China’s No. 2 telecommunications equipment maker ZTE has secured a lifeline from the Trump administration after agreeing to pay a US$1 billion fine and overhaul leadership in a deal that will lift a ban on its doing business with U.S. suppliers.

Total virtual currency sales jump in 2018 but monthly trend slows

Virtual currency sales ballooned to US$9.1 billion so far this year, exceeding the $6.6 billion total for all of 2017, a financial technology data provider reported on Monday, but it said the monthly trend actually showed a slowdown if the two biggest offerings are excluded.

Toshiba chip unit sold for $23.7b

Japan's Toshiba Corp said on Friday it had completed the US$18 billion (A$23.7) sale of its chip unit to a consortium led by U.S. private equity firm Bain Capital.

Headphone maker Monster plans massive ICO

​Headphone maker Monster Products Inc said it is planning to raise up to US$300 million in an initial coin offering, a fund-raising strategy in which a company creates a token, or digital currency, and sells it to the public.

Driver blames Tesla 'Autopilot' for accident

​The driver of a Tesla Model S crashed into an unoccupied, parked police vehicle in Laguna Beach, California, on Tuesday and the driver told investigators the Tesla was in "Autopilot" mode at the time, police said.

GDPR kicks in

New European privacy regulations went into effect on Friday that will force companies to be more attentive to how they handle customer data.