7th & 8th January 2018 | Daily Business Digest
#TOPNEWS: Aadhaar System Vulnerable To Data Breaches: Edward Snowden
Amidst the ongoing debate on Aadhaar, Edward Snowden is the latest to voice concerns about the underlying vulnerability of the Aadhaar database. The development comes just two days after reports surfaced that Aadhaar numbers, along with the linked details, were being sold for as little as $7.8 (INR 500).
#CRYPTOCURRENCY
Bitcoin platforms and exchanges may soon come under the scanner of enforcement agencies after the Indian government likened them to ‘Ponzi schemes’ recently. The Bitcoin exchanges are now set to be investigated for any attempts of illegal money-pooling. According to the report, the Securities and Exchange Board of India (SEBI) can also take an action against such exchanges if they are serving as collective investment schemes.
#1. Korean Law Firm Fights Back Against Government’s Cryptocurrency Trading Regulation
As South Korea guns for tougher regulation against Bitcoin trading, considering even to ban cryptocurrency, a Seoul-based law firm has now filed an appeal over the Bitcoin regulatory matter, reported Korea Times.
#2. US States Warn Against Bitcoin Trading
Two states of the US, Idaho and Alaska, have issued warnings to partake in cryptocurrency trading with caution.
#3. Over 860K Venezuelans have signed up to start mining the South American country’s very own cryptocurrency, Petro.
#Indian Startup News
#1. Ecommerce Marketplace Amazon To Sell Locally Made Food In India
SoonHaving received the government’s approval to invest $500 Mn in its food retail business, Amazon is reportedly gearing up to sell locally made and packaged food from March onwards, this year. With this, Amazon will now directly compete with other leading online grocery and food retail marketplaces like Grofers and Bigbasket.
#2. Digital Media Firm Silly Monks IPO Subscribed 52% On Day 1
Hyderabad-based digital media and entertainment firm Silly Monks IPO has been subscribed 52% on day 1 of its opening on January 5, 2018. The IPO subscription will get closed on January 10, 2018.
#3. Govt. Must Explore A Variety Of Alternative Fuel Sources: NITI Aayog
India’s transportation architecture should be based on a combination of fuel sources, instead of focussing just on electric vehicles, government-run think tank NITI Aayog said recently.
#TechNews
#1. Apple Confirms All Macs and iOS Devices Are Affected by ‘Meltdown’ Chip Flaw
#2. LG wins CES Best of Innovation award with ultra-bright, 150-inch 4K HDR projector
#3. The second-generation Nokia 6 has a better processor, USB-C, and more RAM
#4. Alexa will come to headphones and smartwatches this year
#5. Intel now says it has a fix for the Spectre bug that Google found to be unfixable
#6. Razer Phone has problems with screen dimming, camera filters and the fingerprint sensor
#7. Apple joins alliance to shrink your online videos
#8. Tech Giants Including Netflix And Amazon Join Fight For Net Neutrality
#9. Honda and AutoNavi are partnering on a connected car platform
#10. Vuzix is launching the first Alexa-enabled AR glasses at CES
#11. Steve Jobs portrait made out of e-waste is up for sale
#12. Tesla Model 3 accelerates from 0–60 mph in 4.6 secs — faster than Tesla advertises
#13. Google sold one Home smart speaker every second since October
#14. Spotify now has more than 70 million paid subscribers
#15. HTC makes its Edge Launcher even more useful
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