Huawei Technologies Co. Ltd. is laying off more than 600 employees from its Futurewei Technologies research and development arm in the U.S., citing its blacklisting by the Trump administration. First reported July 14, the cuts see Huawei lay off 70% of its 850 U.S.-based R&D staff. Where the staff were laid off was not immediately clear. Huawei has R&D offices ...

Cryptocurrency startup Bakkt LLC, founded by New York Stock Exchange owner Intercontinental Exchange Inc., has started testing bitcoin futures in a move that may bring more institutional investment into the cryptocurrency market. The new offering announced Monday comes with two contract options: a daily futures contract, which allows customers to transact in a same-day market, and a monthly bitcoin ...

Despite rumors that it may be planning an initial public offering, free stock-trading app maker Robinhood Market Inc. has instead raised $323 million in new funding to continue its “mission of democratizing finance for all.” Announced today, the Series E round was led by DST Global and included Ribbit Capital, NEA, Sequoia and Thrive Capital. The round ...

As President Trump met with leading tech executives today to discuss the ongoing situation with Huawei Technologies Co. Ltd., Congress doubled down on efforts to ban the company following reports that it did business with North Korea. The meeting, first reported to involve only White House officials and tech company representatives, turned out to be a top-tier ...

Credit reporting agency Equifax Inc. has agreed to pay up to $700 million in compensation in a settlement with the U.S. Federal Trade Commission over its infamous 2017 hack. The settlement, which covers all lawsuits by federal and state regulators as well as a class-action case against the company, will result in Equifax paying out at least ...

A former U.S. National Security Agency contractor has been sentenced to nine years in prison as part of a plea agreement after pleading guilty to one charge of stealing a classified document in March. Harold T. Martin III was arrested in August 2016 and was found in possession of 50 terabytes of government data, including ...

Major U.S. companies that supply Huawei Technologies Co. Ltd. will meet with Trump administration officials at the White House on Monday to discuss the current state of the ban on sales to the company. According to a report from Reuters today, representatives from Intel Corp., Qualcomm Inc., Google LLC and Micron Technology Inc. will meet with White ...

A hacking group apparently stole 7.5 terabytes of data from a contractor for Russia’s FSB state security agency, exposing various secret projects, including one to make traffic on the anonymity network called Tor no longer anonymous. The hack targeted an FSB contractor called SyTech. The group claiming to be behind the hack, called 0v1ruS, said ...

Bitcoin investors have shaken off concern over future cryptocurrency regulation following the Libra hearings in Washington D.C. this week, driving the price of the cryptocurrency back up in a reversal of its midweek slump. The cryptocurrency’s price surged by $1,000 in 30 minutes starting at 10:15 a.m. EDT today, then continued to climb, peaking at ...

Cybersecurity researchers in Australia have found a way to trick an AI-based antivirus engine provided by BlackBerry Cylance into accepting malware as being legitimate, a discovery that may cast doubt on the methodology used by some companies in the burgeoning field of artificial intelligence-driven cybersecurity. Detailed by Adi Ashkenazy and Shahar Zini from Skylight Cyber ...