Reuters Technology Report: Bitcoin rises 10 percent, recovers from last week's brutal selloff

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Tuesday, December 26, 2017

Bitcoin rises 10 percent, recovers from last week's brutal selloff

SINGAPORE/TOKYO (Reuters) - Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10 percent to be up more than a third from last week's lows of below $12,000.

Apple suppliers drop on report of weak iPhone X demand; analysts' views mixed

BEIJING (Reuters) - Shares in several of Apple Inc's Asian suppliers fell for a second straight day on Tuesday, hurt by a report from Taiwan's Economic Daily and some analysts saying that iPhone X demand could come in below expectations in the first quarter.

Russia's Putin calls for Web activities of some firms to be monitored

MOSCOW (Reuters) - President Vladimir Putin said on Monday the Russian authorities should monitor the activity of "some companies" on social media during next year's presidential election and assess the extent of their involvement in domestic politics.

China regulator summons founder of debt-laden LeEco back to China

SHANGHAI (Reuters) - China's securities regulator has formally ordered the founder of indebted tech conglomerate LeEco to return to China and sort out a mounting debt pile linked to his firms, ramping up pressure on the head of the embattled entertainment-to-autos group.

Israel regulator seeks to ban bitcoin firms from stock exchange

JERUSALEM (Reuters) - Israel's markets regulator will propose regulation to ban companies based on bitcoin and other digital currencies from trading on the Tel Aviv Stock Exchange, he said on Monday.

South Korea approves LG Display's plan to build OLED factory in China

SEOUL (Reuters) - South Korea's trade ministry said on Tuesday that a committee had approved LG Display Co Ltd's plan to build a new organic light-emitting diode (OLED) panel production facility in China.

Japan's Denso considering $440 million investment in JOLED: Kyodo

TOKYO (Reuters) - Japanese auto parts maker Denso Corp is considering a 50 billion yen ($440 million) investment in organic light-emitting diode (OLED) panel maker JOLED, Kyodo news reported, citing sources close to the matter.

China closes more than 13,000 websites in past three years

BEIJING (Reuters) - China has closed more than 13,000 websites since the beginning of 2015 for breaking the law or other rules and the vast majority of people support government efforts to clean up cyberspace, state news agency Xinhua said on Sunday.

Israel central bank mulls issuing digital currency for faster payments

JERUSALEM (Reuters) - The Bank of Israel is examining issuing digital currency as a means of creating a faster payments system as well as reducing the amount of cash in the economy, a central bank source said on Sunday, though he stressed no decision had yet been made.

Cryptocurrency stocks holding gains despite bitcoin pullback

NEW YORK (Reuters) - Stocks that surged in recent weeks because of the cryptocurrency mania have managed to hold onto most of their gains despite the recent retreat in the price of bitcoin and skepticism from market participants.

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