posted 3 days ago on techmeme
Jordan Pearson / Motherboard: Ethereum startup Confido, which pitched itself as a blockchain-based app for making payments and tracking shipments, goes dark after raising $374K in ICO  —  A startup on the Ethereum platform vanished from the internet on Sunday after raising $374,000 USD from investors in an Initial Coin Offering (ICO) fundraiser.

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Laura Meckler / Wall Street Journal: Immigration lawyers say Trump admin has upped scrutiny of H-1B visa applications, especially for lower paying jobs, sending back >25%, up from   —  Some see effort to slow immigration process as long overdue, while businesses say H-1B visas are needed to fill jobs

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Yuan Yang / Financial Times: Six students say school sent group of 3,000 to Foxconn for three months of “work experience”, routinely working 11-hour days on iPhone X, breaking overtime law  —  Apple's main supplier in Asia has been employing students illegally working overtime to assemble the iPhone X …

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Brian Fung / Washington Post: FCC unveils its plan to repeal net neutrality rules, a move that would give ISPs broad powers to determine which websites and online services customers use  —  Federal regulators unveiled a plan Tuesday that would give Internet providers broad powers to determine what websites and online services their customers can see and use.

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Alfred Ng / CNET: Justice Department charges Behzad Mesri, an Iranian citizen, for allegedly hacking HBO and demanding a $6M bitcoin ransom in July  —  The man, who allegedly went after HBO with a $6 million ransom this summer, has worked for the Iranian military and a hacking group, according to the US.  —  Enlarge Image

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Mark Gurman / Bloomberg: Sources: Apple's HomePod speaker, which has limited features compared to Amazon's Echo, started as a side project and was cancelled and revived several times  —  The Apple speaker started as a side project, was cancelled and revived several times and can't do as many things as the Echo.

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Paul Mozur / New York Times: Skype has been unavailable on Apple and third-party Android mobile app stores in China for nearly a month  —  SHANGHAI — One of the last foreign-run tools for online communication in China appears to be in trouble with the authorities there.  —  For almost a month, Skype …

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Pan Yue / China Money Network: Chinese ride-booking app Shouqi Limousine & Chauffeur raises $105M from NIO Capital, Baidu, and Silk Road Huachuang Beijing, bringing Series B total to $193M  —  Shouqi Limousine & Chauffeur, a Chinese ride-booking app backed by Beijing-based automobile company Shouqi Group …

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Keith Collins / Quartz: Android phones send nearby cell tower address data to Google even when location services are disabled; Google says it will end the practice by end of November  —  Many people realize that smartphones track their locations.  But what if you actively turn off location services, haven't used any apps …

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posted 4 days ago on techmeme
Stan Higgins / CoinDesk: Tether, a service that offers dollar-backed digital tokens, says tokens worth $30M were stolen by hackers and it has suspended its back-end wallet service  —  Tether, the company behind a dollar-pegged cryptocurrency widely used by in the market's exchange trade, is claiming its systems …

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posted 4 days ago on techmeme
Tamara Chuang / Denver Post: Colorado fines Uber $8.9M after investigation found Uber allowed drivers with suspended or revoked licences and felony convictions  —  Competitor Lyft also was investigated but no violations were found  —  Colorado regulators slapped Uber with an $8.9 million penalty for allowing 57 people …

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The Economic Times: State Bank of India, the country's largest lender, says it will roll out blockchain-enabled smart contracts in beta by next month  —  BENGALURU: India's largest lender State Bank of India will roll out beta launches of blockchain-enabled smart contracts by next month, according to Sudin Baraokar, head of innovation, SBI.

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Ari Levy / CNBC: Inside one Amazon seller's fight with a rival who stole product images, allegedly initiated fake negative reviews, and spoofed customer service emails  —  - Pure Daily Care had the top-selling facial steamer on Amazon before a rival began attacking its listing.  —  David Damavandi should be an Amazon success story.

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CNBC: AT&T confirms that the Department of Justice is suing the company in an attempt to block its $85B merger with Time Warner  —  This story is developing.  Please check back for updates.

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Frederic Lardinois / TechCrunch: AWS launches AWS Secret Region for US intel agencies and their partners working with “secret” classified data, to complement its air-gapped Top Secret Region  —  Amazon today announced that its AWS cloud computing service now offers a new region that's specifically designed …

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Bloomberg: Source: US Department of Justice is poised to sue AT&T to block merger with Time Warner  —  AT&T will face an antitrust suit over its Time Warner deal, Bloomberg News reports.  —  The Justice Department plans to brief media later today on a U.S. antitrust announcement, though didn't specify what the announcement will be about.

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Paul Sawers / VentureBeat: PayPal announces product integrations with Acorns' personal finance and investment service, after leading its Series D round last year  —  PayPal is better known as a digital payments service for buying things through eBay and a multitude of online and offline retail channels …

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Taylor Soper / GeekWire: Pixvana raises $14M Series A led by Vulcan Capital, with Microsoft and Cisco among investors participating, for its VR production platform SPIN Studio  —  What better way to pitch a virtual or augmented reality startup idea than to strap a bunch of headsets on the heads of venture capitalists …

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Kurt Wagner / Recode: FanDuel CEO and co-founder Nigel Eccles is leaving to start an eSports company  —  FanDuel's board is getting an overhaul, too.  —  FanDuel CEO and co-founder Nigel Eccles is leaving the company and stepping down from its board, where he was chairman.  —  Eccles, who's been CEO since …

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Jon Russell / TechCrunch: Tencent becomes the first Chinese tech firm valued over $500B after its share price more than doubled in last 12 months  —  Tencent has become the first Chinese company to be valued at more than $500 billion.  —  Shares of the 19-year-old company, which is listed on the Hong Kong Stock Exchange …

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Sean Gallagher / Ars Technica: After a bug bounty hunter shared evidence with DJI that it had left customer data exposed online, the company called him a hacker and threatened him with CFAA  —  A bug bounty hunter shared evidence; DJI called him a hacker and threatened with CFAA.  —  DJI, the Chinese company that manufactures …

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Matt Marshall / VentureBeat: Health IQ, which uses an online quiz to screen customers with healthy lifestyles and offer them lower life insurance rates, raises $34.6M Series C led by a16z  —  Health IQ, a startup that collects data to let health-conscious people save an average of $1,238 a year on their life insurance premiums …

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posted 4 days ago on techmeme
Uber Newsroom: Uber adds live location sharing with drivers, expands its Beacon program to New York, San Francisco, and Chicago, and adds in-app Uber credit gifting  —  Share to FacebookShare to TwitterEmailMore sharing options  —  When the holiday season gets going, so do you.

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Reuters: Uber to buy 24K SUVs from Volvo equipped with autonomous technology in a non-exclusive deal from 2019 to 2021; Uber will add its own self-driving technology  —  STOCKHOLM/SAN FRANCISCO (Reuters) - Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm …

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Ron Amadeo / Ars Technica: OnePlus 5T review: outstanding combination of specs and design for $500, Oxygen OS is good, but no water resistance and no MicroSD card support  —  OnePlus' $500 wonder makes us question why we'd ever pay $800 for a smartphone.  —  After launching the OnePlus 5 earlier this year …

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