How the wheels came off Facebook's Libra project

How the wheels came off Facebook’s Libra project

Support for Mark Zuckerberg mission to reshape global finance is slipping away slowly but surely When Facebook announced plans to launch a digital currency earlier this summer, it added a full-blown revolution in global finance to its typically-vaulting Silicon Valley mission statement: to create a
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Tech Crunch

A set of new tools can decrypt files locked by Stop, a highly active ransomware

Thousands of ransomware victims may finally get some long-awaited relief. New Zealand-based security company Emsisoft has built a set of decryption tools for Stop, a family of ransomware that includes Djvu and Puma, which they say could help victims recover some of their files. Stop
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Reuters news

EU nations vote against a wifi-based car standard: EU official

BRUSSELS (Reuters) – European Union nations on Thursday voted against the EU executive’s proposal for a wifi-based car standard in a blow to its backer Volkswagen (VOWG_p.DE), an EU official said.

Twenty one countries – including Germany, France and Italy which have powerful auto industries – voted against the proposal at a meeting of EU representatives in Brussels of the bloc’s 28 member states, the official said.

EU lawmakers in April endorsed the wifi plan over 5G technology promoted by BMW and Qualcomm.

The executive European Commision wants to set benchmarks for internet connected cars, a market that could generate billions of euros in revenues for carmakers, telecoms operators and equipment makers, according to analysts.

The issue has split the auto and tech industries and triggered fierce lobbying from both sides seeking a share of a potentially lucrative market.

Wifi technology supporters also include Renault, Toyota, NXP, Autotalks and Kapsch TrafficCom. The technology primarily connects cars to other cars….

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Reuters Tech News
Reuters is an international news organization. It is a division of Thomson Reuters and has nearly 200 locations around the world. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data.
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