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Jack Dorsey says ‘Square’ may foray into Bitcoin Mining Business – Top Tech News

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Jack Dorsey says Square may foray into Bitcoin Mining Business

Portrait Shot of Twitter CEO
Image Credits: Flickr Matin Guptil

It is no secret that Jack Dorsey is a big fanboy of cryptos. Therefore, his latest announcement that his fintech led company Square is foraying into bitcoin mining business did not come as a major surprise. Dorsey made an all-important announcement about this through his Twitter handle. He tweeted that Square is considering a “bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.” Bitcoin’s prices have already spiraled northwards following Dorsey’s announcement  (Click here).          


Twitch has downplayed last week’s hacking

Image Credits: Flickr Trade Group Follow

Twitch has described last week’s hacking as “much ado about nothing.” The amazon owned video streaming company said that the last week’s data breach had a very minimal impact on its users. It claimed that only frictional number of users were impacted while financial information including credit card details of customers remained safe as before. As against these claims, Twitch’s last week’s hacking was described by many as unprecedented event (Click here).       


In a first, Moscow launches Large-Scale Metro Facial ID System

High speed train in China
Image Credits: Flickr Richard Barton

Russia’s expansive and sprawling Metro rail network  on Friday unveiled a fare payment system that will be leveraging the facial recognition technology. This cutting edge technology will be used at nearly 240 metro station. This basically implies that Moscow’s commuters can now make online payment without using their cards or phones. Russia claims that this is the first time that such technology will be used anywhere in the world. However, privacy advocates have already raised privacy concerns and claimed that Russian authority may use this technology to clamp down on dissent (Click here).       


Apple bans a popular Quran app in China


In China, Apple has removed Quran Majeed, a popular app for reading and listening Quran. This move has surprised many as Quran Majeed app is used by 25 Mn Muslims across the world. Apple in in its statement said that it has to comply with the local laws. Off late, China has maintained an aggressive posture against Islamic fundamentalists (Click here)   


Netflix has just fired a ‘Black employee’ for leaking confidential information

Streaming giant Netflix has fired an employee for allegedly leaking confidential information about its upcoming show hosted by standup comedian Dave Chappelle. This expulsion has come barely days before the scheduled protest against the Dave Chappelle show (Click here)

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