The price of bitcoin crashed nearly 50% from a day ago to below $4,000 today as cryptocurrency markets suffered even worse than equity markets from the coronavirus-related economic turmoil sweeping the globe. Bitcoin started the day at above $7,000, down from its peak of more than $10,000 less than a month ago. Coronavirus concerns started ...

Already facing a delay of its initial public offering, things are going from bad to worse to Airbnb Inc. Now the company being sued by International Business Machines Corp. and newly leaked financials suggest its losses were worsening even before the impact of COVID-19. IBM filed a lawsuit in the U.S. District Court for the District of ...

Shares in Adobe Inc. failed to move in after-hours trading after the software company delivered solid first-quarter earnings and offered guidance close to analysts’ expectations. For its first quarter ended Feb. 28, Adobe reported revenue rose 19%, to $3.09 billion, from a year ago. Net profit was $955 million, or $1.96 a share or $2.27 adjusted ...

Shares in Slack Technologies Inc. plunged nearly 20% in after-hours trading Thursday after the provider of online team collaboration services issued a lower-than-expected first-quarter forecast because of coronavirus concerns. For the fourth quarter ended Jan. 31, Slack’s revenue rose 49%, to $181.9 million, from the same quarter in 2018. That beat average analysts’ prediction of $174.1 million. Calculated ...

Hackers are once again taking advantage of concerns of COVID-19 by using fake coronavirus maps to infect visitors with malware. Detailed Monday by cybersecurity researcher Shai Alfasi from Reason Cybersecurity Ltd., the fake maps were founded to be attempting to infect unsuspecting visitors with the AZORult malware. The malware, first discovered in 2016, is an information stealer that ...

The Celo Foundation, the group behind the Celo blockchain project, today announced the Alliance for Prosperity, a rival to Facebook Inc.’s Libra Foundation. The alliance, dubbed by some members the “new Rebel Alliance,” has 50 founding members across a range of industries, including blockchain and cryptocurrency, finance, venture capital, payment firms, charities and telecommunications. They have committed ...

Troubled augmented reality company Magic Leap Inc. is said to be exploring its options, including a sale, according to an unconfirmed report. Bloomberg, citing people familiar with the matter, said the company is working with an adviser to consider strategic options that could include a partnership or selling a significant stake ahead of a potential initial public offering. ...

Major tech companies attended a meeting with White House officials Wednesday to discuss ways they can provide a coordinated response to the coronavirus outbreak. The meeting was convened by the Office of Science and Technology Policy and included public health officials along with representatives of Facebook Inc., Alphabet Inc., Amazon.com Inc., Microsoft Corp., Twitter Inc., Cisco ...

A new study from WhiteHat Security based on a survey of industry professionals at the RSA Conference has found that while more than half of organizations use artificial intelligence or machine learning in their security systems, nearly 60% are still more confident in cyberthreat findings verified by humans. The survey responses are said to reflect the need ...

Payments startup SpotOn Transact Inc. announced today it has raised $50 million in new funding to continue the company’s investment into product development and building solutions for specific industries. The Series B round was led by 01 Advisors and included Dragoneer Investment Group, Franklin Templeton and EPIQ Capital Group. Founded in 2017, SpotOn offers cloud-based software that ...