South Korea considers cryptocurrency tax as regulators grapple with 'speculative mania'

SEOUL (Reuters) – South Korea said on Wednesday it may tax capital gains from cryptocurrecy trading as global regulators worried about a bubble, with Australia’s central bank chief warning of a ‘speculative mania” that has seen the digital asset making rip-roaring gains. FILE PHOTO: A copy of bitcoin standing on PC motherboard is seen in […] Read more »

Crispr Therapeutics Plans to Launch Its First Clinical Trial in 2018

In late 2012, French microbiologist Emmanuelle Charpentier approached a handful of American scientists about starting a company, a Crispr company. They included UC Berkeley’s Jennifer Doudna, George Church at Harvard University, and his former postdoc Feng Zhang of the Broad Institute—the brightest stars in the then-tiny field of Crispr research. Back then barely 100 papers […] Read more »

As the Southern California Fires Rage, a Boeing 747 Joins the Fight

The largest and most destructive fire burning in California continues to grow, consuming dry brush as it races not just through but across the canyons north of Los Angeles. Strong winds and dry conditions mean flames can leap large distances, prompting thousands to evacuate their homes. The Thomas Fire has now spread from Ventura County […] Read more »

Deutsche Bank Economist Says a Bitcoin Crash Would Endanger Global Markets

An economist at Deutsche Bank thinks a crash in the price of bitcoin will be among the top risks to broader markets in 2018. Torsten Slok, Deutsche’s Bank’s Chief International Economist, recently sent clients a list of 30 market risks which could impact growth next year. The list, shared with outlets including Bloomberg, ranks a […] Read more »

Uber heads to court in fight for London survival

LONDON (Reuters) – Uber [UBER.UL] will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market. FILE PHOTO: A photo illustration shows the Uber app on a mobile telephone, as […] Read more »

Lawmaker Working to Ban Sale of Games With ‘Lootboxes’ to Minors

Chris Lee, a member of Hawaii’s state House of Representatives, is drafting legislation that would prohibit the sale of games with randomized in-app purchases, known as “lootboxes,” to gamers under 21 years old. Lootbox systems have been increasingly compared to gambling, as well as drawing the ire of gamers themselves, who derisively refer to the […] Read more »

Apple in talks to acquire music identification app Shazam: source

SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) is in talks to acquire Shazam Entertainment Ltd, whose software helps users identify songs by pointing their phone at an audio source, according to a person familiar with the situation. FILE PHOTO – A man looks at the screen of his mobile phone in front of an Apple […] Read more »

Walt Disney Makes Two Big Additions to Its Board

Media company Walt Disney on Thursday named Oracle’s chief executive, Safra Catz, and her counterpart at Illumina, Francis A. deSouza, to its board. Disney said their election would be effective Feb. 1 but it was yet to decide on which committees they would serve on. The company currently has 12 members on its board, including […] Read more »

3 Business Ideas to Consider for Future Growth

Every small business starts with the labor of individual people, but as a business grows it becomes too much for the founders and more labor is needed. This is the classic scenario for hiring more workers, but that’s not the only way a business can be made more efficient. Let’s examine a few other labor […] Read more »

American Airlines Just Decided To Offer Something on its International Flights That Might Upset You

Absurdly Driven looks at the world of business with a skeptical eye and a firmly rooted tongue in cheek. Here’s the trend. As U.S. airlines attempt to lessen their offerings to domestic passengers, they have an eye on the world. Why, United Airlines just decided to use its more cramped Boeing 777-200 planes on some international […] Read more »