Daily Tech Headlines – May 28, 2018
|Daily Tech Headlines – May 28, 2018|
|Broadcast Date||MAY 28, 2018|
Vermont regulates data brokers, China set to approve Qualcomm-NXP acquisition, and iOS 12 will open up NFC.
- The New York Times and Reuters report The Trump Administration told Congress it reached an agreement with ZTE, which currently has a 7-year ban against US companies supplying parts to the company. ZTE reportedly will pay a penalty, shuffle its management, and hire American compliance officers. In return, the U.S. would drop the current ban. Trump has called the ZTE negotiations part of broader talks to address alleged Chinese trade abuses.
- The Vermont legislature passed a bill becoming the first state in the US to require data brokers to register with the state. The bill also requires data brokers to secure data and notify victims of breaches, as well as classifying criminal use of data as fraud. The law defines a data broker as any company that collects and sells personal information to third parties collected from consumers without a direct relationship.
- The Wall Street Journal reports that the Chinese State Administration for Market Regulation is set to approve Qualcomm's $44 billion acquisition of NXP Semiconductor. The approval is expected to include conditions to favor domestic Chinese business, particularly around mobile payment technology. Qualcomm previous received approval on the deal from 8 other global antitrust regulators.
- The Information reports that the upcoming iOS 12 release will provide some third-party developers with full access to iPhone NFC chips. The release would allow developers to access the NFC functionally in the background process of applications, with Apple reportedly targeting hotel door keys and transit cards as use cases. Apple's current CoreNFC framework requires a foreground app, and can essentially only serve as a RFID scanner.
- As part of its bi-annual transparency report, Apple stated they will begin listing governement requests to move apps from the App Store.
- Riot Games announced a non-exclusive streaming agreement with ESPN+ to stream Leage of Legends matches starting in June. Riot is calling the deal an evolution of is $350 million deal with BAMTech, signed 18-months ago. BAMTech signed the deal with Riot prior to Disney, which owns ESPN, acquired a controlling stake in BAMtech. Terms of the new deal were not disclosed.
- Bitcoin Gold appears to have been hit by a 51% Attack, resulting in $17.5 million worth of the currency being stolen. The attack requires actors to have control of over 50% of blockchain compute power, which allows them to exclude transactions that effect their coins, effectively allowing double spending. The attack appears to have begun on May 16, resulting in 388,201 Gold being stolen. The The Bitcoin Gold dev team says a planned June update will eliminate ASIC miners and will make another 51% attack less likely.
- Ride hailing company Grab announced the launch of a food delivery service, appropriately named GrabFood. The service launches in Signapore and is also in testing in 6 core Southeast asian markets. After acquiring Uber's Southeast Asia business unit in March, Grab has converted existing Uber Eats merchants to the service as well.
| Preceded by:
"Daily Tech Headlines – May 27, 2018"
| Daily Tech Headlines – May 28, 2018
|| Followed by:|
"Daily Tech Headlines – May 29, 2018"