Articles about Currency

Phiip Hammond, photo via Shutterstock

What's in Hammond's box? Autumn fallout for Britain's tech SMBs

The Government in its Autumn statement promised to invest £1bn on "digital infrastructure", an extra £2bn annually on UK R&D, and at least £400m on new venture capital funds through the British Business Bank, which it hopes will unlock a further £1bn in private finance for growing firms. The National Productivity Investment …
Marcus Gibson, 05 Dec 2016
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Axel Springer boss defends Facebook in fake news controversy

One of Silicon Valley’s harshest and most powerful critics has leapt to its defence over the “fake news” controversy. Mathias Döpfner, CEO of the German giant publishing group Axel Springer, says Facebook must retain the liability privileges it enjoys as an internet platform - rather than be reclassified as a publisher. …
Andrew Orlowski, 02 Dec 2016

Plastic fiver: 28 years' work, saves acres of cotton... may have killed less than ONE cow*

Professor David Solomon, the inventor of the polymer banknote, has told vegetarians that they're being "stupid" over their opposition to its trace amounts of animal fat. The UK's new plastic notes were introduced earlier this year to replace the UK's battered and disintegrating stocks of paper** £5 notes. However, when the …

It’s Brexploitation! Microsoft punishes UK for Brexit with cloud price-gouging

“My own story would not have been possible but for the democratizing force of Microsoft technology reaching me where I was growing up,” CEO Satya Nadella told shareholders this week. But the price of that “democratizing force” is about to go up, with Britons uniquely singled out. Microsoft has reiterated to Azure customers …
Andrew Orlowski, 02 Dec 2016

Huawei Mate 9: The Note you've been waiting for?

Hands On Can you believe Huawei’s luck? Imagine discovering a new planet, populated entirely by Irish people, which has a dozen orbiting satellite moons all harvesting shamrocks, all the year round. That lucky. Through extraordinary timing, the Chinese giant finds itself with the big screen phone category to itself, thanks to its new …
Andrew Orlowski, 29 Nov 2016

HP Inc CEO Dion: Whey-hey, we're on the pull

HP Inc has delivered its first full year of financial results, and they aren't looking good. Profits fell 63 per cent, revenue was down 6 per cent, and its earnings per share were down over a quarter. It had been a difficult year, CEO Dion Weisler acknowledged during Tuesday's earnings call, but the company is now planning to …
Iain Thomson, 23 Nov 2016

HPE's first standalone year ticks most boxes – except Donald Trump's

Hewlett Packard Enterprise (HPE) has posted its first full-year results as a discrete entity and says it has ticked most of the boxes it said it would when it spun itself out and then started selling bits of itself off. The headline figures for Q4 aren't brilliant: revenue was US$12.5bn, down 7.7 per cent year on year. GAAP …
Simon Sharwood, 23 Nov 2016
The British Pound - Sterling currency tumbles post Brexit

VMware joins Brexploitation gang, double digit price hike in the offing

VMware will become the latest American software company to bump up UK prices for customers by double digit percentage points from the start of next year, not that Virtzilla wanted to be drawn on the plans. Instead, Softcat - a reseller dripping in VMware sales silverware - confirmed that from 1 January next year the cost of …
Paul Kunert, 17 Nov 2016
Blackmail

New Ransoc extortionists hunt for actual child abuse material

Hackers have unleashed a strain of scammer that activates on compromised computers when it encounters filenames containing strings that have been associated with child abuse clips and images. Ransoc kicks in when it finds potential "evidence" of child abuse material or media files downloaded via torrents on the targeted …
John Leyden, 16 Nov 2016
Easyjet photo, via Shutterstock

EasyJet rides digital and mobile on Brexit currency pressure

EasyJet will focus on digital and new technology to cut costs and increase revenue after its results received a Brexit-sized pounding. The budget airline on Tuesday reported a 27 per cent fall in profits to £495m from revenue that dropped 0.4 per cent to £4.67bn for the year to September 30. That was despite record passenger …
Gavin Clarke, 15 Nov 2016
Smartphone showing Chinese flag

China gets mad at Donald Trump, threatens to ruin Apple

China says the rhetoric of US President-elect Donald Trump could lead it to block the sale of products by Apple and other US tech companies. An editorial from the state-run Global Times news outlet suggests that, should Trump make good on his campaign promise to declare China a currency manipulator and raise tariffs on …
Shaun Nichols, 15 Nov 2016

'Ultimate Team' scheme: EA hackers charged for stealing in-game coins

A US man is facing felony wire fraud charges for allegedly stealing and reselling in-game currency for EA Sports' FIFA console games. Anthony Clark has been charged by the Northern Texas District Court with a count of Conspiracy to Commit Wire Fraud for his role in a scheme to automatically generate and then re-sell the …
Shaun Nichols, 14 Nov 2016
The Chocolate Festival, London

Toblerone's Brexit trim should be applied to bloatware

Comment Toblerone's decision to keep its post-Brexit price stable by just selling less chocolate for the same price is a tactic the software industry should copy. I offer this suggestion because so much software is "bloatware" packed with features hardly anyone uses, but the inclusion of those features is used to justify the price. …
Simon Sharwood, 09 Nov 2016
The British Pound - Sterling currency tumbles post Brexit

Brexflation: Lenovo, HPE and Walkers crisps all set for double-digit hike

A second wave of double-digit price hikes are coming to a reseller or retailer near you from the start of next month, both Hewlett Packard Enterprise and Lenovo have confirmed. Since the referendum, the UK's currency has fallen from $1.49 to £1 to $1.21, a drop of 18.7 per cent and many IT makers have reacted, from the cloud …
Paul Kunert, 08 Nov 2016
rage meme

Twitter trolls are destroying democracy, warn eggheads

Twitter trolls are undermining what political analysts had predicted would be a new form of responsive democracy. Far from being an opportunity to engage directly with voters, researchers found that the more politicians tried to actively interact with their constituents, the more abuse they faced. The eggheads, based in …
Kieren McCarthy, 04 Nov 2016
Data_image_via_Shutterstock

Tableau revenues drop due to weak UK sales, fingers sales bods not Brexit

Life could be better for data-visualisation business Tableau - today it reported weaker-than-expected Q3 revenues and placed the blame at the feet of its under-performing UK team, rather than the Brexit. The company had issued guidance to investors that it would grow revenues to $214m but fell short, bringing in only $206m for …
monty_python_french_knights_648

Getting your tongue around foreign tech-talk is easier than you think

Something for the Weekend, Sir? I live in a bag-arse. Bag-arses are great places to live in. School-run monster trucks avoid them. Transient pedestrian litter-louts don’t even know they exist. Noisy buses and smelly lorries refuse to come anywhere near a bag-arse. The street sign even has “Bag-arse” proudly displayed under the name in bold red letters. Of …
Alistair Dabbs, 28 Oct 2016
Bitcoin, photo via Shutterstock

Bitcoin exchange boss going down for washing ransomware cash

A Florida ex-school board member has pled guilty to making a false statement in relation to the running of an illegal bitcoin exchange. The FBI says Anthony Murgio and Yuri Lebedev ran Coin.mx as an unlicensed currency exchange, cloaking transactions including facilitating ransomware payouts as "collectable memorabilia" and …
Darren Pauli, 28 Oct 2016
Bitcoin, photo via Shutterstock

Euro Central Bank backs money laundering rules for virtual currency exchanges

Plans to bring virtual currency exchanges and digital wallet providers within the scope of EU anti-money laundering (AML) legislation have been backed by the European Central Bank (ECB). he ECB said it "strongly supports" the proposals to extend the Fourth Anti-Money Laundering Directive (AMLD4), noting that "terrorists and …
OUT-LAW.COM, 25 Oct 2016
Piggy bank photo via Shutterstock

Stung by Azure and AWS cost shock? Penny-pinchers love them some OpenStack

The cost and expense of AWS and Azure is helping drive cloud hopefuls to OpenStack, the organisation has said. Jonathan Bryce, OpenStack executive director, told El Reg ahead of this week's conference in Barcelona: "The number-one business driver for open-source cloud is cost." According to Bryce, organisations are using …
Gavin Clarke, 24 Oct 2016
Price rises

Microsoft: We're hiking UK cloud prices 22%. Stop whining – it's the Brexit

Life is to get a lot more expensive for Microsoft customers from the start of next year with currency linked, double-digit price hikes looming for cloud and on-premise software. Software resellers, integrators and cloud service providers were warned about the price rises late on Friday afternoon and told us they expected a …
Paul Kunert, 24 Oct 2016
Acronis_Notary_Certification

Acronis: Yep, we're using blockchain for backup now

Acronis's Storage software product for businesses and service providers uses blockchain technology to prove data has not been altered. Acronis, known for its backup software, uses the Storage product in its own cloud infrastructure, which has 12 data centres around the globe, protecting over 50PB of hot and cold data for more …
Chris Mellor, 21 Oct 2016
The British Pound - Sterling currency tumbles post Brexit

Computacenter Q3 numbers lifted by weak British Pound

The weak British pound worked in Computacenter’s favour during its calendar Q3, as the conversion of Euros generated by ops in mainland Europe helped to lift group revenues and offset “softness” in the UK. The London-listed firm reported a two per cent year-on-year rise in turnover to £735m, more than £400m of which was …
Paul Kunert, 21 Oct 2016

Brexit killed any hopes of growth in global technology spending

IT vendors across the world can blame Nigel, Boris and other pro-Brexiteers for a reduction in the amount of money that will be splashed on tech in 2016, at least that’s where mages at Gartner have laid the blame. Customers are expected to cough $3.387 trillion on IT this calendar year, which if correct - and it's a big if - …
Paul Kunert, 19 Oct 2016
Watson Power7 cluster. Pic: IBM

IBM's focus on cloud and software isn't novel – it's survival

IBM believes it is closer than ever to returning to overall revenue growth for the first time in more than four years. That's looking at the whole picture, though: while cloud and software are pulling in the right direction, the corporate goliath's remaining hardware operations are still looking pretty grim. Big Blue said …
Shaun Nichols, 18 Oct 2016
Child in shock in front of computer. Photo by Shutterstock

Marmite's not the only national treasure hit by Brexit. Will someone think of the PCs?

Marmite-aggeddon? Blame Brexit. The implosion of the UK’s Labour Party? Blame Brexit (more so leader Jeremy Corbyn). Now it seems analysts want to put the sickly British PC market onto the list of things gone awry. The crystal ball-strokers at Gartner have forecast weak demand for traditional client devices for 2016 - …
Paul Kunert, 14 Oct 2016
Elvis in Las Vegas. EDItorial use only - photo by Maridav via Shutterstock

Casino cops are coming if we can't move all this cash in a hurry

On-Call Welcome again to On-Call, El Reg's Friday foray into readers' reminiscences of things that went wrong in the night. This week, meet “James” who once worked “for a company that provided accounting systems for Las Vegas casinos.” As James reminds us, “Casinos, or 'gaming' as it's called in Nevada, are a 24/7 operation and never …
Simon Sharwood, 14 Oct 2016
Acer XR341CKA gaming monitor

Time to crack down on sales of dragon's gold - securobods

Security researchers have urged gaming companies to crack down on virtual currency auction and sales sites, reckoning criminals are cashing in to launder stolen money. The research team at Trend Micro says most black hats steal the currency using online game exploits or by using malware and phishing to compromise players, …
Darren Pauli, 13 Oct 2016
Penguins in mist, photo via Shutterstock

Hyperledger chain gang man explains Penguins' blockchain play

LinuxCon, Berlin Jim Zemlin raises an eyebrow when I say Hyperledger is rather outside Linux Foundation's usual domain, being a bit, er, consumery. “It’s totally enterprise,” the Foundation's executive director tells me. “It’s infrastructure.” Just like Linux, he reckons. Hyperledger is the layer above the operating system, above Linux. Linux …
Gavin Clarke, 06 Oct 2016
Locker room jocks photo via Shutterstock

Oracle's Coach Larry needs Microsoft plays to beat Amazon

Analysis SAP. Crack! IBM. Snap! Salesforce. Bang! Workday, I can see you - come over here... In the locker room that is Oracle’s quarterly conference calls with Wall Street, somebody’s ass is always on the receiving end of a sharp thwack from the towel of head coach Larry Ellison. Ellison has zinged his verbal towel off many a noble …
Gavin Clarke, 29 Sep 2016

Don't let banks fool you, the blockchain really does have other uses

Analysis It is a truth universally acknowledged that executives in the financial sector are capable of making the most exciting innovations boring, and in this respect their approach to the blockchain has been exemplary. During 2008's financial crash, a nine-page paper titled Bitcoin: A Peer-to-Peer Electronic Cash System [PDF] was …

Brexit at the next junction: Verity's guide to key post-vote skills

STOB Pay attention, campers. I have conducted an impartial analysis of the post-Brexit landscape and identified a list of concrete, must-have programming skills for your edification. Impartial? That's pretty rich, coming from you, Verity, considering what I have heard about your activities since Referendum Night. I don't know what …
Verity Stob, 26 Sep 2016

Double KO! Capcom's Street Fighter V installs hidden rootkit on PCs

A fresh update for Capcom's Street Fighter V for PCs includes a knock-out move: a secret rootkit that gives any installed application kernel-level privileges. This means any malicious software on the system can poke a dodgy driver installed by SFV to completely take over the Windows machine. Capcom claims it uses the driver to …
Chris Williams, 23 Sep 2016
Hot air baloon, photo by Wollertz via Shutterstock

Deal delays and exchange rate woes batter Salesforce

Salesforce has blamed currency fluctuations and deferred deals in the US for hitting its business. The cloudy CRM provider on Wednesday reported revenue growth of 25 per cent year on year to $2.04bn for Q2, turning a year-ago $852m loss into a $229m profit. Income per dilute share was $0.33, compared to $0.00. Deferred …
Gavin Clarke, 01 Sep 2016

Corporates ARE sniffing around Windows 10, says Computacenter

Bulky corporate enterprise punters are starting to fall for the, ahem, charms of Windows 10, Computacenter's chief executive claimed today as he flashed his firm’s calendar first half-year trading figures. Mike Norris, boss of the London-listed services-based reseller, said the pending contract sign-off for managed services …
Paul Kunert, 26 Aug 2016

Tech Data swings and misses Wall Street moneymen's target

Tech Data's latest quarterly financials show a distributor wrestling with “weaker than expected” IT spending and trying to dip into “pockets of demand” across Europe and the Americas. The world’s second largest tech wholesaler filed turnover of $6.4bn for Q2 of fiscal year 2017 ended 31 July. This was down three per cent as …
Paul Kunert, 25 Aug 2016
Frustation, image via Shutterstock

Vidahost hikes domain name fees by a third, blames Brexit

Domain name biz Vidahost has hiked up the cost of its pricing by 33 per cent, blaming Brexit-induced exchange rate woes. In an email sent to customers and seen by The Register, the biz said: "Prior to the referendum to leave the EU, we spent time working up rigorous plans for the Brexit scenario. "True to form we focused on …
Kat Hall, 24 Aug 2016
Bitcoin

Euro regulator calls for delay to virtual currency exchange anti-money laundering regime

EU law makers should step back from plans to subject virtual currency exchanges and digital wallet providers to anti-money laundering (AML) regulations from the beginning of next year, the European Banking Authority (EBA) has said. The regulator said that more time is needed to implement a legal framework across EU countries …
OUT-LAW.COM, 16 Aug 2016
Trainspotting

US extradition of Silk Road suspect OK'd by Irish judge

An Irish court has authorized the extradition to the US of a man accused of helping to administer the infamous Silk Road website. Gary Davis, 27, of Kilpedder, Co Wicklow, has moved one step closer to a US trial on charges of conspiracy to distribute narcotics, computer hacking and conspiracy to commit money laundering. Mr …
John Leyden, 12 Aug 2016

Acer: 'We made a profit!' Yeah, but your sales figures are shrinking

Over-the-hill PC maker Acer is still under-performing, its latest set of shrinking product sales figures have confirmed. The Taiwanese biz, among the two biggest shifters of notebooks in Europe a decade ago, is still searching to regain the formula that propelled it – but people just aren’t buying cheap lappies in the volumes …
Paul Kunert, 11 Aug 2016

Mitt Romney tax-return 'hacker' Dr Evil gets four years in the slammer

Michael Mancil Brown, aka Dr Evil, has been sentenced to four years in prison and must pay $201,836 in damages after claiming he obtained the tax returns of one-time presidential wannabe Mitt Romney. Back in 2012, Brown contacted various journalists, including us here at El Reg, boasting that he hacked into the servers of …
Iain Thomson, 10 Aug 2016
Tape over mouth, image via Shutterstock

Rackspace CEO: Yes, Brexit has hit us, yes we sold our Cloud Sites biz

Rackspace execs confirmed the sale of its Cloud Sites hosting sub to Liquid Web but ignored the white elephant in the room that Apollo Global is reportedly in talks to slurp the entire organisation. The private equity house might well end up taking Rackspace private again in a deal valued at up to $4bn, buying the company time …
Paul Kunert, 09 Aug 2016

Microsoft has stopped cutting sales fees for resellers? Yep

Microsoft has quit hacking into fees paid for channel software sales, and reselling clouds is getting more profitable – these seemed to be the major takeaways from top brass at Insight Enterprises in an enterprising Q2. Revenue at group level went up two per cent to $1.46bn, but this top line expansion was driven purely by the …
Clodagh Doyle, 04 Aug 2016
Man counts pounds and pence. Photo by Shutterstock

Post-Brexit spending freeze in UK is real, says enterprise distie titan

Arrow Electronics Inc’s Enterprise tech division in Britain was struck by delayed spending among customers following the outcome of the EU Referendum, the distributor’s chief bean-counter claimed last night. CFO Chris Stansbury estimated “late purchases and weakening of accounts” after the 24 June vote “negatively impacted our …
Paul Kunert, 03 Aug 2016
Illustration of a "bitcoin" dissolving into numbers. Photo by SHutterstock

$67M in bitcoin stolen as hacking typhoon lashes Hong Kong's Bitfinex

One of the world's most popular Bitcoin exchanges Bitfinex has been torn apart with hackers making off with around US$65 million (£49 million, A$87 million) in the cryptocurrency. The Hong Kong company replaced its homepage with a statement on the hack but did not detail losses or the means by which the site was breached. It …
Team Register, 03 Aug 2016

Bitcoin bank brazenly borked

The Bitfinex cryptocurrencies exchange has gone offline after the virtual currency market admitted to a major breach. "We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen," the Hong Kong-based Bitfinex said late Tuesday. While nothing is being said …
Shaun Nichols, 03 Aug 2016
Ten fingers with windows flag

Windows 10 still free, even the Anniversary Update, if you're crass

Poll Microsoft's year-long Windows 10 free upgrade offer ended over the weekend, but it's still possible to secure Redmond's finest – even the new Anniversary Update - for the low low price of 0.00 in whatever currency you prefer. The free upgrade is reserved for those who use assistive technologies, the many features that magnify …
Simon Sharwood, 01 Aug 2016

What's on a road to nowhere? Ingram's Q2 numbers

Ingram Micro outlined progress, or rather lack of it, when it reported calendar Q2 numbers last night and did little to convince financial markets - including Shanghai’s Stock Exchange - that it is a business going places fast. The world’s largest tech distributor said revenue for the three months ended 30 June were down four …
Paul Kunert, 29 Jul 2016
Google's Sundar Pichai, speaking at Google I/O 2015

Google, er, Alphabet takes on 10,000 more staff, banks more and more billions from ads

Alphabet, the holding company for Google and the Chocolate Factory's other concerns, has reported strong growth in the second quarter ending June 30, with revenues up 21 per cent from this time last year. Google made up the vast majority of this revenue, accounting for $21.3bn for the quarter, with the other parts of Alphabet …
Iain Thomson, 28 Jul 2016
Russian hacking

Did the Russians really hack the DNC or is this another Sony Pictures moment? You decide

Poll Security intelligence firm ThreatConnect thinks it has found a smoking gun that links the leaked US Democratic Party emails to Russian hackers. The biz has analyzed the communications methods used by Guccifer 2.0, which is thought to be a team of miscreants who obtained the somewhat embarrassing internal emails and gave them …
Iain Thomson, 27 Jul 2016