SoftBank Group Corp Chief Executive Masayoshi Son slammed on Thursday the Japanese government’s ride-sharing ban and said the country had fallen behind overseas rivals in areas such as artificial intelligence and fintech. Addressing customers and suppliers at an annual company event, Son remarked that Japan is being “stupid” for making ride-sharing...

The United States Patent and Trademark Office (USPTO) granted Mastercard this week a patent the company filed last May which describes a method that links blockchain-based assets to fiat currency accounts. Mastercard says that the plan will significantly help customers by speeding up the transaction time of cryptocurrencies while providing security...

The European Commission this week handed down a record fine of 4.3 billion euros to Google after it had been found that the Alphabet-owned company’s mobile device strategy had unfairly strengthened its dominance of search. It is currently the largest fine ever imposed by a regulator against a firm after competition...

Observers remarked Tuesday in Facebook’s Congressional hearing that the social network’s policy on fake news is actually “toothless”, as it continued to allow far-right conspiracy theorist Alex Jones to operate his Infowars page on the platform. Monika Bickert, Facebook's head of policy, explained that they can only take the page down...

Google and Facebook was recently urged by seventeen lawmakers to resist Vietnam’s new cybersecurity law which many expect to give the country’s communist government more power to crack down on dissent. The Congressional Vietnam Caucus told the execs of both companies to resist coercion to aid and abet censorship, and added...

Bitcoin payments processor BitPay was granted this week a virtual currency license by the New York Department of Financial Services (DFS). As the first virtual currency wholesale payments processor to be given such a license, BitPay is now authorized to offer clearing and settlement services to merchants accepting or issuing payments...

Communist-run Cuba is initially rolling out mobile internet to select users in its effort to develop the country’s connectivity. The program, which may provide nationwide mobile internet by the year’s end, prioritized journalists at state-run news outlets. President Miguel Diaz-Canel said that the connectivity provided by the country’s telecoms monopoly...

Hong Kong’s Monetary Authority, along with seven banks, announced a blockchain-powered trade finance platform which the group plans to jointly launch in September. MAS deputy chief executive Howard Lee says the project aims to digitize documents and automate processes to reduce risk and increase the financing capability of the banking industry....