The head of a company that helps people to invest small amounts in bitcoin on a regular basis has described blockchain as merely a glorified database and ridiculed those who use it for pushing their products, by saying that such efforts are merely "classic PR announcements" by "large, boring corporates" who want to show that they are still innovative.

The European Union's satellite navigation system Galileo has been affected by a technical incident related to its ground infrastructure, the European Global Navigation Satellite Systems Agency says in a statement.

Chinese telecommunications equipment vendor Huawei Technologies is reportedly planning to lay off a large number of staff from its operations in the US due to its being placed on Washington;'s Entity List which prevents it from using American components unless specific permission is granted.

Adelaide-based nanosatellite Internet of Things connectivity vendor Myriota and the Australian Space Agency have signed a statement of strategic intent aimed at expanding Australia’s growing space industry.

Online retail wars have broken out. Although eBay has already had its giant sale last month, it is competing with Amazon's Prime Day sale with a stack of fantastic deals and offers of its own.

And of course, there's plenty more so for all the news visit www.itwire.com.

Have a great day!

Stan Beer, Editor, iTWire

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