Reuters Technology Report: May 26, 2017

Click to View in Browser Friday, May 26, 2017 Japan, South Korea drive global bitcoin prices as retail investor pile in HONG KONG (Reuters) - Japanese and South Korean buying helped drive the price of bitcoin to an all-time high this week, with the digital currency more than doubling its value since the start of the year, analysts and market practitioners said on Friday. China LeEco's sports unit says valued at $3.5 billion after new funding round BEIJING/SHANGHAI (Reuters) - Chinese tech conglomerate LeEco's sports unit said it completed a new round of funding that valued it at 24 billion yuan ($3.50 billion) and that its investors will form a new committee to supervise its finances. Samsung Electronics to set up fund to help suppliers amid Moon's reform push SEOUL (Reuters) - Samsung Electronics Co Ltd said it would set up a 500 billion won ($445 million) fund to help small suppliers, the highest-profile South Korean firm to unveil steps in the wake of new President Moon Jae-in's call to protect small businesses. Coinbase suffers outages amid bitcoin surge (Reuters) - Coinbase said on Thursday it suffered outages this week as the bitcoin exchange saw "unprecedented traffic and trading," with the digital currency hitting record levels. Billionaire Slim eyeing electric taxi to reduce pollution in Mexico City MEXICO CITY (Reuters) - Giant Motors, an automaker partially owned by Mexican billionaire Carlos Slim, is working on a prototype electric taxi to replace the gas-guzzling cabs polluting Mexico City's air, a company executive said. Global chat platform Kik to launch digital currency NEW YORK (Reuters) - Kik Interactive, which created the chat platform Kik, said on Thursday it was launching a crypto-currency or token called Kin that would enable customers to use a whole range of digital services. Newly discovered vulnerability raises fears of another WannaCry SINGAPORE (Reuters) - A newly found flaw in widely used networking software leaves tens of thousands of computers potentially vulnerable to an attack similar to that caused by WannaCry, which infected more than 300,000 computers worldwide, cybersecurity researchers said on Thursday. Some Uber and Lyft riders are giving up their own cars: Reuters/Ipsos poll SAN FRANCISCO (Reuters) - Wally Nowinski got his first car when he turned 16 in Michigan, the home of the U.S. auto industry. But after two years of living in New York City, he sold his wheels, using ride services, carsharing and bike sharing to get around. Google's AlphaGo clinches series win over Chinese Go master SHANGHAI (Reuters) - Google's artificial intelligence program, AlphaGo, beat Chinese Go master Ke Jie for a second time on Thursday, taking an unassailable 2-0 lead in a best of three series meant to test the limits of computers in taking on humans at complex tasks. Macron offers Britain's May support in fight against terrorism TAORMINA, Italy (Reuters) - French President Emmanuel Macron offered to help British Prime Minister Theresa May marshal support in the fight against terrorism on Friday, days after a suicide bomber killed 22 people in Manchester. Related Video Many Americans turning to ride services: poll Neuroscientists predict 'brain age' Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook