Technology

Bitcoin extended gains on Tuesday to a record high as the afterglow of Tesla Inc’s investment in the cryptocurrency had investors reckoning it would become a mainstream asset class for both corporates and money managers. Bitcoin has more than doubled over two months as institutional investors search for alternative wealth stores and retail traders ride the wave. Monday’s leap after Tesla’s announcement …

Every other day, there is a statement from someone in the government on Pakistan’s potential in the tech sector and how that can be harnessed. One of the favourite talking points within that ambit is tapping into the huge network of freelancers in the country and earning some good foreign exchange. While a singular focus on promoting the gig economy …

SAN FRANCISCO: Google is weaning itself off user-tracking “cookies” which allow the web giant to deliver personalised ads but which also have raised the hackles of privacy defenders. Last month, Google unveiled the results of tests showing an alternative to the longstanding tracking practice, claiming it could improve online privacy while still enabling advertisers to serve up relevant messages. “This …

SAN FRANCISCO: Microsoft has said it is temporarily cutting off donations to politicians who voted against certifying the US election results or supported efforts to overturn President Joe Biden’s victory. Contributions from employees, shareholders and family members channeled through a Microsoft Corporation Stakeholders Voluntary PAC will be withheld from those lawmakers through the 2022 election cycle, according to corporate vice …

LAHORE: The district judges of Lahore have been barred from using social media platforms to communicate court-related information. In a notification issued after approval of Chief Justice of the Lahore High Court, Justice Muhammad Qasim Khan, the use of social media for the spread of content related to the judiciary has been restrained by terming it against the code of …

SAN FRANCISCO: Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported a third consecutive record profit and quarterly sales above $100 billion for the first time. This summer, Bezos, 57, will hand the keys of the world’s largest online retailer to Andy Jassy, head of its cloud computing …

Myanmar’s generals ordered internet providers to restrict access to Facebook on Thursday, as UN chief Antonio Guterres said the world must rally to ensure the military coup fails. The Southeast Asian nation was plunged back into direct military rule on Monday as de facto leader Aung San Suu Kyi and other civilian leaders were detained in a series of dawn raids, ending …

KARACHI: Foreign exchange inflows through the Roshan Digital Accounts (RDAs) reached $400 million within four months, reflecting growing confidence in the State Bank’s new initiative launched by Prime Minister Imran Khan on Sept 10, 2020. RDAs aim to attract millions of Pakistanis living abroad by offering much higher returns on deposits compared to the returns in developed economies. “So far …

WASHINGTON: Wikipedia on Tuesday unveiled a “universal code of conduct” aimed at stemming abuse, misinformation and manipulation on the global online encyclopedia. The new code was released by the Wikimedia Foundation, the nonprofit that administers Wikipedia, expanding on its existing policies to create a set of community standards to combat “negative behavior,” according to a statement. The new policy aims …

India has written to Twitter warning the platform to comply with orders to block accounts and content related to a protest by farmers, a technology ministry source said on Wednesday. Twitter blocked dozens of accounts in India, including that of a leading news magazine, on Monday after the government said that users were posting content aimed at inciting violence. But …