Tag Archives: Hong

Google, Facebook Partner on Undersea Cable From Los Angeles to Hong Kong

October 25, 2016 Comments Off on Google, Facebook Partner on Undersea Cable From Los Angeles to Hong Kong

HIGHLIGHTS The Pacific Light Cable Network will stretch 12,800 kilometers PLCN is expected to handle some 120 terabytes of data per second Most Pacific subsea cables stretch from the US to Japan Google and Facebook on Wednesday announced plans to work with a China Soft Power Holdings subsidiary to connect Los Angeles and Hong Kong with a high-capacity Internet cable. ... Read More »

Bitfinex Bitcoin Exchange in Hong Kong Gets Hacked

August 11, 2016 Comments Off on Bitfinex Bitcoin Exchange in Hong Kong Gets Hacked

A major Hong Kong-based Bitcoin exchange has suspended trading after $65 million (roughly Rs. 435 crores) in the virtual unit was reportedly stolen by hackers – sending the digital currency plunging more than 20 percent. Bitfinex said it had suspended all transactions after discovering that some users’ Bitcoins had been taken. “Today we discovered a security breach that requires us ... Read More »