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SECs Twitter Account Hacked, False Bitcoin Announcement Spurs Market Activity

The price of Bitcoin increased when a hacker released bogus information regarding an announcement about the cryptocurrency on the SECs official Twitte

The price of Bitcoin increased when a hacker released bogus information regarding an announcement about the cryptocurrency on the SECs official Twitter account. The bogus article purported to be an SEC approval allowing exchangetraded funds to carry Bitcoin. Twitter verified that the SECs account was hacked because someone used a third party to obtain control of a phone number connected to the account. At the time of the hack, twofactor authentication was not activated at the SEC. Despite Twitters claim that no systemic breach led to the hack, security experts voiced worries about the incidents possible effects on the market and the dissemination of false information. Read More..

B2B Tech News | 1 months ago      

Valeo Inks FourYear Deal with ZutaCore for Innovative Data Center Cooling Systems

Californiabased ZutaCore and car parts producer Valeo have signed a fouryear business deal to supply cuttingedge cooling solutions for data centres. T

Californiabased ZutaCore and car parts producer Valeo have signed a fouryear business deal to supply cuttingedge cooling solutions for data centres. The deals financial details were kept a secret. The two businesses created a waterless liquid cooling system to address emissions and energy consumption issues in the expanding data sector. Reusing part of the heat produced by powerful processors with a 1,500watt or greater capacity can be accomplished by the system in addition to cooling them. In the second quarter of this year, ZutaCore is expected to receive the first components of the cooling system from Valeo. Read More..

B2B Tech News | 1 months ago      

Samsung Expects 35% Drop in Q4 Operating Profit, Falling Below Analyst Forecasts

Samsung Electronics announced fourthquarter operating profit estimated to have dropped by 35% to 2.8 trillion won $2.13 billion, below analysts estima

Samsung Electronics announced fourthquarter operating profit estimated to have dropped by 35% to 2.8 trillion won $2.13 billion, below analysts estimates. Even though memory chip prices were improving, the poor performance was ascribed to continuously low consumer demand across several industry categories. The lowerthanexpected earnings resulted from Samsungs contract manufacturing of chips, mobile processors, television, and home appliance divisions. Profits in the companys mobile division declined due to fewer flagship foldable model shipments. Nonetheless, Samsungs semiconductor business appeared to be rebounding, as seen by higher memory chip sector profits. On January 31, a thorough earnings report is anticipated. Read More..

B2B Tech News | 1 months ago      

Thailands $14.3 Billion Digital Wallet Program Set to Roll Out in May 2024

According to Prime Minister Srettha Thavisin, Thailand will move forward with its proposal to distribute $14.3 billion using a "digital wallet" by May

According to Prime Minister Srettha Thavisin, Thailand will move forward with its proposal to distribute $14.3 billion using a "digital wallet" by May 2024. The initiative, a hallmark of the ruling Pheu Thai partys election campaign, is to provide 10,000 baht about $285 to 50 million Thais for local community spending. The governments economic growth strategy aims to achieve at least 5% yearly growth. Economists and a few previous governors of central banks have criticised the concept, claiming it may be financially unwise and lead to inflation. The governor of the central bank and the prime minister will talk about digital wallets and other issues. Read More..

B2B Tech News | 1 months ago      

Intuit Expands Reach by Integrating TurboTax with Credit Karma and QuickBooks Online

Intuit, the company that makes TurboTax, has incorporated its tax preparation tool into Credit Karma and QuickBooks Online to increase its user base a

Intuit, the company that makes TurboTax, has incorporated its tax preparation tool into Credit Karma and QuickBooks Online to increase its user base and streamline the tax filing process for small companies. This action is a component of Intuits plan to capitalise on its leadership in the United States tax management software industry. Out of the 136 million users of the financial site overall, the connection will enable the 40 million Credit Karma customers who were not using TurboTax to access it. With this transaction, Intuit hopes to combine its solutions for small and midsized businesses with its consumerfocused products, tripling its total addressable market opportunity to $252 billion. Read More..

B2B Tech News | 1 months ago      

Official Websites of Maldives Government Hit by Cyberattack, Investigations Underway

Over the weekend, a hack against the Maldives government caused brief outages on the presidents office, foreign ministry, and tourism ministry officia

Over the weekend, a hack against the Maldives government caused brief outages on the presidents office, foreign ministry, and tourism ministry official websites. On Saturday night, users needed help visiting these websites for several hours. Though three Maldivian officials disparaged Indias Prime Minister Narendra Modi, which is believed to be the cause of the hack, the administration blamed "technical issues" for the outage in a statement. Although several users surmised that Chinese hackers could have been involved, there isnt enough proof to support their claims. The event happened during tense diplomatic relations. While investigations continue, the government anticipates strengthening its cybersecurity protocols. Read More..

B2B Tech News | 1 months ago      

Panasonic Automotive Introduces Neuron Platform to Revolutionize InVehicle Computing

At CES in Las Vegas, Panasonic Automotives systems business presented Neuron, a new platform to improve invehicle computing by lowering the number of

At CES in Las Vegas, Panasonic Automotives systems business presented Neuron, a new platform to improve invehicle computing by lowering the number of Electronic Control Units ECUs. By combining several ECUs into a single, centralised system, the platform improves handling and performance for a range of incar amenities, such as entertainment and driving assistance. The goal of this architecture is to simplify the design of vehicles while lowering expenses, weight, and integration complexity. Softwaredefined automobiles that can be updated wirelessly are becoming increasingly common as automakers use software to set themselves apart from the competition. Read More..

B2B Tech News | 1 months ago      

Silicon Valleys Cerebras Systems Joins Forces with Mayo Clinic for Healthcare AI Advancements

The Mayo Clinic and Silicon Valley company Cerebras Systems will work together to create artificial intelligence AI models for the medical field. To c

The Mayo Clinic and Silicon Valley company Cerebras Systems will work together to create artificial intelligence AI models for the medical field. To create AI models for various applications, the medical centre will use Cerebras processing chips and systems to access decades worth of anonymized medical records and data. These models could analyze genetic data, recognize image patterns, and summarise information in medical records. According to the Mayo Clinic, AI will be used as a tool to support medical decisionmaking, but clinicians will still have the final say. The partnership uses the Mayo Clinic Platform to deliver AI results and improve patient care. Read More..

B2B Tech News | 1 months ago