A week after launching a free, ad-supported version of its Music Unlimited service in the U.S., Amazon.com Inc. is reported to be planning a new high-definition music streaming service. According to Music Business Worldwide, Amazon is currently in discussion with music rights holders about the service with at least one major record company having already signed on. ...

Uber Technologies Inc. finally could reveal details of its forthcoming initial public offering Friday, with reports suggesting that it will price its shares at between $44 and $50 each. Bloomberg, citing people familiar with the matter, said the offering will value Uber at between $80 billion and $90 billion, with Uber raising between $8 billion ...

The price of bitcoin plunged Thursday following an announcement from the New York Attorney General’s office that it had filed a lawsuit against Bitfinex Inc., the company behind cryptocurrency exchange Bitfinex and the Tether stablecoin. The lawsuit claims that Bitfinex and Tether engaged in “undisclosed, conflicted transactions to cover Bitfinex’s losses by transferring money out ...

Samsung Electronics Co. Ltd. is developing its own custom blockchain based on the Ethereum blockchain, according to source quoted by CoinDesk. Exactly what Samsung intends to use its blockchain for is not clear. “Currently, we are thinking of private blockchain, though it is not yet confirmed,” the source told CoinDesk. “It could also be public ...

Messaging platform startup Slack Technologies Inc. is about to go public. That’s according to a report published Wednesday that the company may make it official before the end of the week. The Wall Street Journal, quoting people familiar with the matter, said Slack will make its prospectus available to the public before Friday. Slack has long ...

A popular dark web marketplace for the sale of illicit goods is alleged to have stolen $30 million in customer funds in what is likely to be an “exit scam.” The Wall Street Market, which had become popular after rival Dream Market announced it was closing, first started claiming that it was having issues with ...

Coinbase Inc. has announced that it is shutting its Chicago office and laying off 30 engineers less than a year after opening it. The office, which supported a division called Coinbase Markets aimed at institutional investors, was working on building a new “matching engine” that assisted in high-frequency trading. The office originally supported about 100 employees, though how ...

Updated: Both Twitter Inc. and Snap Inc. beat earnings expectations today in a marked turnaround for two companies that have struggled with growth for some time. Twitter reported 330 million monthly users in the quarter, up from 321 million in the previous quarter but below the 336 million in reported in the same quarter of 2018. ...

The Walt Disney Co. is in talks to acquire South Korea’s NXC Corp., the majority owner of bitcoin exchanges Bitstamp and Korbit. As reported by Dailyhold, Disney’s interest is highly unlikely in cryptocurrency but instead in Nexon, 47% owned by NXC and South Korea’s largest game developer and second-largest online games publisher globally. Nexon offers more than 80 ...

Cryptocurrency exchange Gate Technology Inc., better known as Gate.io, today said it has raised $64 million in cryptocurrency assets in seven days as part of a push to launch a new custom crypto exchange. Originally from China but now based in Malta with a registered office in the Cayman Islands, Gate.io plans to build the ...