here's our technology correspondent, rory cellan—jones. bitcoin, forgot about it, then found out it was worth more than $1500, and sold a chunk of it, i have to say, and i have been watching it obviously very closely over recent weeks. the big story right now this weeks. the big story right now this week is a growing realisation that the sheer extent of fraud around this whole cryptocurrency area, we said earlier it was like the wild west, but no, the wild west had more rules and regulations are available than in the cryptocurrency world. two major things this week. the japanese financial regulators raided a cryptocurrency exchange, coin check, which revealed a few days ago it had been subject to what looked like the biggest bank raid in history, $530 million stolen by hackers. regulators are finding out they are not very carefully regulated, safeguarded, those assets, and there is also a huge amount of fraud. i read a report just out on, and this is somehow the cybercriminals' new area of expertise and adventure, they are doing e—mails to

rory cellan jones met the messages. ile world congress in barcelona. morse code. in the year if the internet, it seems everything is connected, including safety shoes. this one has got a sim card in it. this is inside, what is it doing? so, this product has a smart sim card embedded in it and a wireless module to send a message from a worker, a safety message, from his team, to send an alert or to get the other way around, a message from his manager. telling him to stay safe, in case of a hurricane or a big danger. so just moving up the toe or pushing a button on his shoe, it will send a message directly to his team or the other way around. so the manager can send a message and the shoe will vibrate, telling them that there is a message. it will do a lot of noise. 80 decibels of sound, to warn him of an alert. i hope they make them in red... great story, the latest technology from rory cellan—jones there. an update on our top story. we've just heard from the irish prime minister saying it is up to britain to bring propos

rory cellan—jones is at the mobile world congress in barcelona.t is a brand—new trading week, and the markets in europe are all higher on the day following a bumper session in asia. and working part—time but shining all the time. we'll speak one woman whose built a successfuljewellery business that counts the duchess of cambridge amongst its customers, despite only working part—time. as we've been hearing, smartphone sales are in decline. today we want to know have we reached peak smartphone. why and when do you upgrade? let us know — just use #bbcbizlive. hello and welcome to business live. many of you have been in touch already about smartphones, keep your comments coming in, we will share them later in the programme. it's shaping up to be another big week for brexit. in a few hours‘ time, the leader of the labour opposition, jeremy corbyn, is set to increase the pressure on prime minister theresa may when he calls for the uk to have full tariff—free access to european union markets after brexit. in a speech, mr corbyn will call for the uk to st

rory cellan—jones, thank you.or extra security measures, after clashes erupted between crowds of migrants. four eritreans are reported to be in a critical condition in hospital, after they were shot during fights between afghan and african migrants. let's find out more from our reporter, gavin lee, who is in calais. explain more about what's been going on and what the authorities there want done about it? what we know is for the past few months, in fact building up since the closure of the so—called jungle camp, where there were 7000 or so migrants here, there have been small numbers gathering since that camp closed. now they are up to 700 or 800 migrants in different clusters across the calais region. what happened yesterday was according to the charity workers, some migrants here, there was food distribution being given out by one charity and something flared between a group of afg ha ns something flared between a group of afghans and a group of eritrean man. we're talking about 200 eritrean men, about 30 afghan

our technology correspondent rory cellan—jones sent this report.y, the mobile phone business has hit a speed bump. smartphone sales dipped at the end of last year. and the phone companies know they need to give people new reasons to upgrade. i want access to internet, wherever i am. i want instant access to everything. if my phone slows down to the point where it's not processing the way i need it to, that's when i go get a new one. i feel they would have to replicate the iphone a lot because that's the standard. it would have to almost exceed expectations of the iphone. don't tell that to samsung which believes its galaxy smartphones set the standard. the industry giant put on a spectacular show to introduce the latest version, the s9, which looks very similar to last year's model. getting a high—end smartphone to stand out from the crowd is getting ever harder. but samsung believes slow motion could be the answer. the camera on the s9 can make anything happen about 30 times slower. another gimmick, you can create an animated emoji that looks just

rory cellan—jones explains what is going on.is going onlj companies, huawei. rory cellan—jones explains what is going on. i think what has happened over the last few yea rs what has happened over the last few years is people for chinese companies, they are just going to be in the chinese market. that is a huge market, plenty for them to play at that, but they are showing here in barcelona that that is not enough of them. huawei in particular have a huge presence here, a vast stand, and they say they are probably about number three in the world right now and they have ambitions to be number one. i went and visited them five yea rs one. i went and visited them five years ago when they were just getting into smartphones. their ambition seemed unlikely. they said they would be number three by now, they would be number three by now, they have kind of done it, so don't count them out. europe is in the grips of a deep freeze. and it's because of this, a bitterly cold front, dubbed the "beast from the east", that is sweeping arctic air

rory cellan jones reports from barcelona.he fastest moving industry on earth is in barcelona this week. lately the nobel phone and business has had a speed bump. smartphone sales dipped at the end of last year and phone companies know - they need phone companies know that they need to give little new reasons to upgrade. i want access to internet iam.i upgrade. i want access to internet i am. i want instant access wherever i am. i want instant access to everything. my phone slows down to everything. my phone slows down to the point where it is not processing the way i needed to, that's when i go to get the - one. that's when i go to get the new one. they have to replicate the iphone a lot, and we have to almost exceed expectations of the iphone. samsung believes that its galaxy smartphone sets the standard, and it was showing off its latest model, the galaxy 59 which looks very similar to last yea r‘s galaxy 59 which looks very similar to last year's model. galaxy s9 which looks very similar to last year's model. standing out

rory cellan—jones met the firm responsible at the mobile world congress in barcelona. morse code.rything is connected, including safety shoes. this one has got a sim card in it. this is inside, what is it doing? so, this product has a smart sim card embedded in it and a wireless module to send a message from a worker, a safety message, from his team, to send an alert or to get the other way around, a message from his manager. telling him to stay safe, in case of a hurricane or a big danger. two-way communications, how does the person wearing the boots communicate? sojust does the person wearing the boots communicate? so just moving does the person wearing the boots communicate? sojust moving up the toe or pushing a button on his shoe, it will send a message directly to his team or the other way around. so the manager can send a message and the manager can send a message and the shoe will vibrate, telling them that there is a message. it will do a lot of noise. 80 decibels of sound, to warn him of an alert. and now — what's trending in the business news this morning... the wall str

the company's mobile boss has told our correspondent rory cellan—jones it's because of commercial reasons have the chance to be the number one, maybe not far away. do you really think one day you could be number one? yes. global smartphones? for sure. we have a chance. now, one of the problems for you in achieving that is trying to get into the us market. you are nowhere in the us market because american politicians don't trust you. why do you think that is? because, you know, some guy, some political things trying to keep us out because we are too competitive but we have leading technology, leading innovations. they worry about that. we're too strong. is that why american politicians want to keep you out because you're too competitive or because they worry you are too close to the chinese government? they are trying to say that but actually we are an independent company. they are trying to use kind of political things to keep us out. an interesting conversation. you have rejoined us to talk about some of the stories in the papers. we are asking people related to our previous guest about

our technology correspondent rory cellan-jones is here.emarkable what one comment can apparently do! the power of celebrity, on all sorts of social media services. kylie jenner, celebrity, on all sorts of social media services. kyliejenner, very well—known reality star, as a huge following on snapchat and has 2a million twitter followers, 20 following on snapchat and has 2a million twitterfollowers, 20 people saw her tweet. but have a look at it: what a bombshell, because she was one of its biggest supporters, it has had this redesign. the shares fell about 6% after them. you can never actually link an event to a share price movement in that way, it did seem significant, but let's face it, snapchat shares are extremely volatile, this is the company that could grow to be huge, as big as facebook, by some reckoning, but could evaporate within months, according to others. shares rose earlier this month by 50% in one day because it had some good figures out. now it is under pressure because people are worrying about the redesign which has not

our technology correspondent rory cellan—jones says apple investors won't be too worried by these latestphone x, which was extraordinarily expensive — £1000, $1000, and that tested people. there was a small fall overall in sales in the last quarter compared with the previous year, so a new record was not broken there and that gives pause for thought, but apple will be looking at the average price they are now selling their phones for which is extraordinarily high. most industries, as they mature, the prices come down and they have to struggle with lower margins, but apple is pooling off the extraordinary trick of continuing to make more money from every phone. smartphone sales dropped in the last quarter, is that concerning? global figures came out this morning showing quite a big drop worldwide in smartphone shipment, so down more than 6%. overall, the whole industry is down quite sharply, which indicates that maybe the smartphone revolution as peking. ——which indicates that maybe the smartphone revolution is peaking. within those figures, apple overtook samsun. apple overtook samsung.

our technology correspondent rory cellan—jones sent this report.cess to internet where i am. i want instant access to everything. if my phone slows down to the point it is not processing the way a needed to, i get a new one. it would have to replicate the iphone because thatis have to replicate the iphone because that is the standard. we have to exceed the expectations. do not tell it to samsung. they believe the galaxy sets the standard. the giants put an galaxy sets the standard. the giants putana galaxy sets the standard. the giants put an a spectacular show to introduce the s nine, which looks similarto introduce the s nine, which looks similar to last yearmodel. getting it to stand out from the crowd is getting harder but samsung believes slow motion could be the answer. the camera on the s9 and make things happen 30 times slower. and and animated version of view. is this mean? sort of. the camera is key, the thing. on a daily basis, people share 5 billion emojis and one billion gifs. the 3310 stole the show last year. this year, and retro pho