International Business and Technology News for Week Ending 4-Nov-2018

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A senior Democratic U.S. senator on Thursday, 1-Nov-2018, unveiled draft legislation that would allow hefty fines and as much as 20-year prison terms for #dataprivacy and #cybersecurity standards.

According to data from app intelligence firm Sensor Tower, Tiktok installs were higher than those of Facebook, Instagram, Snapchat and YouTube in the U.S. in September 2018.

Coinbase COO and company president Asiff Hurji has mentioned in his blog post that the company has raised $300 M in Series E funding. The bitcoin exchange and wallet provider wants to use this funding to solve the #cryptocurrency problems faced in recent times.

CEO of Evernote, Chris O’Neill, a former Google Glass executive to be replaced by Ian Small, former head of TokBox.

One of the largest acquisitions ever; IBM to buy Red Hat for $34 B. Though it surpasses Microsoft’s $26.2 B acquisition of LinkedIn, the top tech acquisition is still Dell’s $64 B buyout of EMC.

Hooked unveiled its first featurelength thriller of 32000 words.

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