San Francisco company Ripple Labs agreed to pay a $700,000 penalty for running a market for XRP, the world’s second largest virtual currency after Bitcoin, outside US financial regulations. The Justice Department said Ripple, a developer of banking payment technologies backed by leading Silicon Valley investors, had not adhered to rules governing money services businesses, especially to prevent …

  Samsung on Tuesday launched the Samsung Portable SSD T1 portable drive in India. Available via popular e-commerce websites, the Samsung Portable SSD T1 comes in three storage capacities. While the 250GB variant is priced at Rs. 12,000, the 500GB and 1TB variants are priced at Rs. 18,000 and 35,000 respectively. SSD drives are faster than regular hard disks and …

  The US space agency has sought ideas from people about what is necessary to ensure a continuous human presence on the Red Planet. The new Nasa challenge invites the public to write down ideas, in detail, for developing the elements of space pioneering necessary to stay on Mars for longer period. This could include shelter, food, water, breathable air, …

  The Gionee Elife E8 smartphone might soon hit shelves as the handset has been spotted on China’s Tenaa mobile certification website. It is worth noting that during the Elife S7 launch in India, the company President William Lu already confirmed the Elife E8 flagship would be launching soon, and that Gionee would also be launching M-series and P-series smartphones …

  The Delhi-based startup in a press statement announced the news and also revealed that a pilot project ran in Delhi-NCR region prior to the final announcement. It added that 500 Xiaomi customers have already used GadgetWood for repair services. Though GadgetWood operates only in Delhi-NCR, the release states that Xiaomi customers across India will benefit from the move. Commenting …

  Microsoft’s latest Surface tablet, the Surface 3, has gone on sale in select countries. Additionally, the company has also introduced a limited period trade-in scheme where Surface RT or Surface 2 owners can trade-in their working Surface tablet to get up to $150 towards a new Microsoft Surface 3. To recall, the Microsoft Surface 3 was priced at $499 …

    Sony on Wednesday quietly launched the successor of its Xperia C3 smartphone, the Xperia C4, alongside its dual-SIM variant, the Xperia C4 Dual. The handset is almost identical to its predecessor in terms of design. While Sony did not reveal the price of the smartphone, it mentioned a June launch date this year. The Android 5.0 Lollipop-based Sony …

    Mitashi has announced the availability of its newest 50-inch full-HD Smart LED TV, the MiDE050v01. The new TV features an Android 4.4-based user interface for smart functionality and retails at Rs. 51,990. Apart from a 1920×1080 pixel 50-inch LED screen and Android 4.4, the new Mitashi TV also features a 500,000:1 dynamic contrast ratio, USB plug-and-play functionality with …

  Apple has announced the ‘Made for Watch’ third-party bands programme for theApple Watch. The Made for Apple Watch programme specifies the requirements for certification of third-party bands by Apple, and includes both design guidelines and Apple Watch schematics to assist the accessory makers. This includes specifications for both bands and lugs that connect the band to the Apple Watch …

    Motorola Mobility said a U.S. jury ordered the company to pay $10.2 million (roughly Rs. 63 crores) in damages for using Fujifilm Corp’s patented technology in its phones without permission. Fujifilm Corp, a subsidiary of Tokyo-based Fujifilm Holdings Corp, sued Motorola in 2012, accusing the company of infringing three of its patents on digital camera functions and a …