Bitcoin Diamond, Amazon’s Move Into Pharma, Uber’s Massive Hack and more news
It’s Friday, time to get ready for the weekend! But before you start relaxing don’t miss a thing about tech events closing this busy week.
1) Global tech stocks are up 41% this year, 20.5% more than the next best-performing sector
Global tech stocks are up 42% this year, roughly double the gains of the broad-based MSCI AC World Index. So far in 2017, the tech sector is up 21 percentage points more than the next best sector, materials—leading by the widest margin of any sector since 1999, according to analysis by Morgan Stanley.
The sector’s dominance could make leading markets vulnerable should investors’ enthusiasm fade for tech or regulation hamper development of these companies, some analysts say.
Additional read: WSJ
2) Swift code will run on Google’s Fuchsia OS
A few days ago, there was a flash-in-the-pan controversy over Google “forking” Apple’s open-source programming language Swift. After a few minutes of speculation over whether Google was going to make its own special flavor of the language for its own purposes, Swift’s creator Chris Lattner (who now works at Google) helpfully clarified the situation:
Google just wanted its own working copy of the code so it could make changes and then contribute them “upstream” to the official Swift repository. No funny business.
What’s more interesting is that one of those changes has already landed as a pull request to the main Swift repo: Fuchsia support (via Android Police). Google developer Zac Bowling, who helped port Objective-C to Android a few years ago, even shared the news as a reply to Lattner’s tweet:
More information at Verge
3) EU agrees to end country-specific limits for online retailers
The European Union has agreed a plan obliging online retailers operating in the bloc to make electrical goods, concert tickets or car rental available to all EU consumers regardless of where they live.
Putting an end to “geoblocking”, whereby consumers in one EU country cannot buy a good or service sold online in another, has been a priority for the EU as it tries to create a digital single market with 24 legislative proposals.
The agreement late on Monday between the European Parliament, the EU’s 28 member states and the Commission will allow EU consumers to buy products and services online from any EU country. The agreement applies to e-commerce sites including Amazon and eBay.
Read more at Reuters
4) Facebook will help some users figure out if they saw Russian propaganda during the 2016 U.S. presidential election
Facebook is trying to alert some U.S. users that they fell victim to Russian propaganda during the 2016 presidential election.
In the coming weeks, the social giant plans to roll out a new tool so that users can check if they followed or “Liked” pages and accounts — on both Facebook and Instagram — that the Kremlin quietly set up over the past two years in order to sow social and political unrest, the company announced Wednesday.
Only a slice of the roughly 140 million users who may have seen Kremlin-backed content on Facebook and Instagram during the 2016 election can take advantage of Facebook’s new portal, which will soon become part of the site’s Help Center. That’s due in part to technical limitations, the company contends.
5) Xiaomi looking to invest $1 billion in Indian startups
Chinese phone and appliances maker Xiaomi Corp. will invest as much as $1 billion in 100 startups in India over the next five years, seeking to create an ecosystem of apps around its smartphone brand, chief executive Lei Jun said in an interview.
Lei said Xiaomi and its sister company Shunwei Capital, which have purchased stakes in six Indian internet companies including Hungama and KrazyBee, will invest in businesses such as content, financial technology, hyperlocal services, including mobile phone repairs, and manufacturing in order to increase the adoption of mobile internet in the country.
Read more at Livemint
6) Uber reportedly paid hackers $100,000 to cover up a cyber attack that exposed the personal data of 57 million people
Uber paid hackers $100,000 to cover up a 2016 cyberattack that exposed the personal data of 57 million people, including both riders and drivers, Bloomberg’s Eric Newcomer reported Tuesday.
The data breach, which occurred in October 2016, was not made public until Tuesday when Uber quietly published a blog post about the incident. But Uber’s former CEO Travis Kalanick was made aware of the breach just a month after it occurred.
“None of this should have happened, and I will not make excuses for it,” Dara Khosrowshahi, who joined Uber as CEO in September, wrote in the post. “We are changing the way we do business, putting integrity at the core of every decision we make and working hard to earn the trust of our customers.”
Visit Business Insider to know more
7) What is Bitcoin Diamond – A better version of Bitcoin?
AtoZMarkets – Following the long 9 years of Bitcoin development, we have witnessed a creation of a number of Bitcoin “alternatives”, such as Bitcoin Gold and Bitcoin Cash. The latest new addition to the Bitcoin family is the Bitcoin Diamond. Bitcoin Diamond is a new cryptocurrency that has been launched by Team EVEY and Team 007. Here, we discuss what is Bitcoin Diamond and its benefits.
The two teams of miners, who were not satisfied with the flaws of the original Bitcoin, have launched the new cryptocurrency, Bitcoin Diamond. Even after the long path of development, Bitcoin still did not get rid of its original network’s issues – high transaction fees and slow transaction speed. It also still has some lack of privacy protection, which appears as one of the major reasons for miners to create new, more developed cryptocurrencies.
Read full article at AtozMarkets
8) A $9 billion French asset manager is launching Europe’s first bitcoin mutual fund
French asset management firm Tobam is planning to launch Europe’s first bitcoin mutual fund as interest in the cryptocurrency continues to grow.
Tobam, which had $9 billion in assets under management as of September, plans to launch an unregulated alternative investment fund that will allow institutional investors to gain exposure to bitcoin.
Bitcoin has surged over 5,000% against the dollar so far this year to reach $8,229 on Wednesday morning. Investor interest has risen alongside the price, with over 55 dedicated cryptocurrency hedge funds now in existence and exchange giant CME Group announcing plans to launch bitcoin futures contracts.
However, bitcoin’s essentially unregulated nature makes it legally difficult for many institutions to invest in the cryptocurrency.
More info at Business Insider
9) Apple’s jaw-dropping ‘spaceship’ campus is open — take a look from above
It’s been a long few years, but Apple’s $5 billion campus, with its famous “spaceship” building, is finally finished — mostly.
Earlier this month, Apple started inviting people to the new visitor center at Apple Park, the building’s only space open to the public, which serves coffee and sells exclusive Apple swag. Employees started moving into the new campus earlier this year, and the pace is expected to pick up in the coming months.
Source: Business Insider
10) COWEN: Amazon’s move into pharma isn’t as big of a deal as everyone thinks (AMZN)
Amazon‘s potential entry into the US healthcare industry may not be as large of an opportunity as many believe, particularly compared to other markets Amazon is disrupting like apparel, consumer goods, and groceries, John Blackledge of Cowen Research said.
The company’s reach into the healthcare market will not be a “robust, quickly scalable and disruptive opportunity,” he said.
The tech giant will likely make a small imprint on healthcare because Amazon is unlikely to offer specialty drugs or participate in the hospital and clinical prescription drug verticals, Blackledge said. He argued that Amazon faces the challenge of offering additional wrap-around, or all-inclusive, services, which other healthcare players provide.
Original article at Bussiness Insider