Bitcoin Sinks Below $6,000 as Almost Every Cryptocurrency face downfall

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Bitcoin dropped below $6,000 and dozens of smaller digital tokens tumbled as this month’s selloff in cryptocurrencies showed few signs of letting up. The largest digital currency fell as much as 6.2 percent to $5,887 as of 3:07 p.m. in Hong Kong, the lowest level since June, according to Bloomberg composite pricing. Ether sank as much as 13 percent, while all but three of the 100 biggest cryptocurrencies tracked by Coinmarketcap.com recorded declines over the past 24 hours. The total market capitalization of virtual currencies dropped to $192 billion from…

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MultiChoice Shouts for Netflix to be regulated, Blames itself for not innovating

A message Netflix gave Verizon home Internet customers during a money dispute in 2014.
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Pay-TV operator MultiChoice lost more than 100,000 premium subscribers in the previous financial year. CEO Calvo Mawela attributed this loss of business to unregulated competition from video-streaming company Netflix, saying it had an unfair advantage as it was not under any regulatory pressure in SA. The pay-TV operator that continues to bleed subscribers, is fighting tooth and nail to remain relevant amid tough competition from online streaming services. However, MultiChoice, which owns DStv, said it was aware that failure to adapt its business model could make it a victim of…

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Senegalese-Born Musician Akon To Launch Akoin Cryptocurrency

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The American-based Senegalese artist says the cryptocurrency will be the currency of choice in Akon Crypto City, a 2,000-hectare development which is under construction in an area just outside Dakar, Senegal’s capital city. The rapper describes the development as the real-life Wakanda. He also believes the technology has benefits for those on African soil, disadvantaged by political and social circumstances. Unfortunately, Akon didn’t reveal any technical details of the cryptocurrency. CANNES — Senegal-born star Akon — whose Lighting Africa project is bringing solar power to Africa — is at Cannes…

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Lyft makes it easier to track business travel expenses

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Lyft  announced today that taking a business trip and then actually turning in your travel receipts just got a whole lot easier. A new feature for business profiles will allow employers to create a direct connection between employee trips and travel managers in charge of their reimbursement. While this integrated functionality is not new for the ridesharing company, it is the smoothest it has ever been. In 2016, Lyft launched its business profiles to allow users the ability to easily share receipts via their work emails. Then, in the summer of 2017, the company announced in-app integration…

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Sky.Garden: Revolutionizing Kenya’s E-Commerce Sector

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Upon noticing that the economic sector in Kenya only caters for the top tier in the economic pyramid which leaves little room for individuals and businesses that exist within the lower segments of the economy to reap the benefits of online transactions, Sky.Garden decided to come up with a sophisticated eCommerce platform that they can use to expand their geographical reach. ITBusinessDirect spoke to Isaac Hunja the Chief Marketing Officer about their work. How can you define the technology sector in Kenya? I would describe the technology sector in Kenya…

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Uber is launching its bike-share company Jump in Europe

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In the two months since Uber bought bike-share startup Jump, the company’s bright red bikes have already rolled out across a few US cities — and now they’re coming to Europe. Onstage at today’s NOAH Conference in Berlin, Uber CEO Dara Khosrowshahi announced that the company would be expanding beyond its traditional taxi rides with plans to roll out electric bike rentals in the German capital by the end of the summer, with more European cities to come. It’s a move that raises eyebrows for a few reasons. European cities are already flooded with…

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Pitch: Pinterest to give advertisers promoted video tool that takes up the width of the entire screen

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Pinterest is continuing its push into video as a potential avenue for advertisers by today saying that it will offer advertisers a promoted video tool that takes up the width of the entire screen. While Pinterest normally offers users a grid that they can flip through — compressing a lot of content into a small space — taking up the full width of the screen with a promoted video would offer advertisers considerable real estate if they’re looking to get the attention of users. The company also said it’s hired…

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China’s largest car-hailing service Didi redesigns ar-pooling platform after passenger death

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China’s largest car-hailing service Didi, has redesigned its platform after being criticized for the ‘socialization’ feature that saw drivers inappropriately commenting on the looks of female passengers reports ZDNet. The service has been halted since May 12 after a 21-year-old flight attendant reportedly died at the hands of a 26-year-old driver in China’s Henan province on May 6. The flight attendant had booked a ride through Didi and was allegedly killed by the driver who was also found dead in a river by police, according to Chinese news reports. Didi…

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Microsoft reportedly working on $400 Surface tablets to compete with the iPad

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Microsoft is working on a new line of budget Surface tablets to better compete with Apple’s low-cost iPad options, according to a report from Bloomberg. According to the report, the new Surface tablets won’t just be smaller, cheaper Surface Pros. Rather, Microsoft is said to be completely redesigning the devices, with 10-inch screens instead of the 12-inch size currently found on the Surface Pro, rounded corners that more resemble an iPad than the more rectangular Surface design, and USB-C for charging. Most importantly, priced at $400, they will be more…

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Lyft Tests its Monthly Subscription Service

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Lyft is moving ahead with tests of the All-Access plan, a monthly subscription service for rides through the Lyft platform. A select group of riders will see an option to sign up for a waitlist to be part of Lyft’s next round of All-Access invitations. “Testing our newest All-Access Plan is the next step in moving rideshare from one based on ownership, to one based on subscription,” a Lyft spokesperson said.“We’re excited to roll this out to more passengers in the coming weeks and continue offering Lyft’s affordable, convenient, and…

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