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Showing posts from March, 2023

TerraUSD Founder Do Kwon Indicted in US Following Montenegro Arrest

Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion (nearly Rs. 3,28,500 crore) or more last year, has been charged with fraud by US prosecutors. An eight-count indictment against Kwon was made public in the US District Court in Manhattan, several hours after news of his arrest earlier Thursday in Montenegro. Lawyers for Kwon in the United States did not immediately respond to requests for comment after business hours. Thursday's indictment charges Kwon, a South Korean national who co-founded Terraform Labs and developed the TerraUSD and Luna currencies, with two counts each of securities fraud, wire fraud, commodities fraud and conspiracy. The criminal case follows related US Securities and Exchange Commission civil charges against Kwon and Terraform last month. Kwon had been a fugitive for several months, and South Korean authorities issued an arrest warrant for him last September. South Korean police said o...
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E3 2023 Has Been Cancelled

E3 2023 has been cancelled — it's not happening in any form, in-person or digital, this year. The Entertainment Software Association (ESA) confirmed the news on Twitter, following an original report from IGN based on emails sent to its members. It mentioned that while E3 was a beloved brand, the 2023 edition ‘simply did not garner the sustained interest necessary' to execute the event in a manner that would display the size and strength of the games industry. In January, the big three — PlayStation, Xbox, and Nintendo — pulled out of the summer video game event, leaving barely any major publishers. Following IGN's report , E3 2023 organiser ReedPop issued a public statement. “This was a difficult decision because of all the effort we and our partners put toward making this event happen, but we had to do what's right for the industry and what's right for E3 ,” Kyle Marsden-Kish, Global VP of gaming, ReedPop said, adding that a lot of publishers and developers int...
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FIFA Maker EA to Lay Off 6 Percent of Its Workforce, Will Incur Up to $200 Million in Related Charges

Electronic Arts said on Wednesday it would lay off about 6 percent of its workforce and reduce office space, making it the first major videogame publisher to announce job cuts. Technology firms have led the latest round of layoffs as US companies brace for a potential economic downturn amid rising interest rates around the world. Meta Platforms and Amazon.com announced a second round of job cuts this month. Tech layoffs hit 63,000 in the first two months of the year, according to data from Challenger, Gray & Christmas Inc. EA, which had about 12,900 staff at the end of March last year, expects to incur between $170 million (roughly Rs. 1,398 crore) and $200 million (roughly Rs. 1,644 crore) in charges related to the restructuring. "As we drive greater focus across our portfolio, we are moving away from projects that do not contribute to our strategy, reviewing our real estate footprint, and restructuring some of our teams," CEO Andrew Wilson said in a blog post. E...
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OnePlus Nord CE 3 Lite 5G Price Tipped; Confirmed to Pack a 5,000mAh Battery

OnePlus is all set to launch the successor to Nord CE 2 Lite in India on April 4. The company has confirmed to launch the OnePlus Nord CE 3 Lite 5G on the above-mentioned date. A teaser page for the phone is already live on the OnePlus India website. The site has revealed its colour variants and key specifications. Meanwhile, a reliable tipster has now tipped the expected price of the upcoming smartphone in India. The OnePlus Nord CE 3 Lite will be powered by a Snapdragon 695 5G SoC. Tipster Abhishek Yadav (Twitter: @yabhishekhd) has tipped that the upcoming OnePlus Nord CE 3 Lite 5G will start at Rs. 21,999 in India. However, the storage variants of the upcoming smartphone are yet to be known. It is tipped to pack 8GB of RAM and 128GB of inbuilt storage. The company has also shared that the phone will be equipped with a 5,000mAh battery with 67W fast charging support. Additionally, the phone will come in Pastel Lime and Chromatic Gray colour options. A recent report also suggest...
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Alibaba to Split Into 6 Units as China Vows to Ease Crackdown on Private Sector

Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as China vows to ease a sweeping regulatory crackdown and support its private enterprises. The US-listed shares of the Chinese e-commerce conglomerate, which have lost nearly 70 percent of their value since the curbs were imposed in late 2020, rose more than 10 percent. Alibaba said the biggest restructuring in its 24-year history would see it split into six units - Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Commerce Group and Digital Media and Entertainment Group. The revamp comes a day after Alibaba founder Jack Ma returned home from a year-long stay abroad, a move that dovetailed with Beijing's effort to spur growth in the private sector after two years of crackdown. Analysts said the breakup could ease scrutiny over the tech giant whose sprawling busine...
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Microsoft Issues Fix for aCropalypse Bug That Could Leak Bank Data, Medical Records from Cropped Screenshots

Microsoft has released an emergency update to Windows that fixes a privacy-threatening bug dubbed ‘aCropalypse'. This bug could potentially allow details that were cropped out of images by the Windows screenshot tool to be recovered by any user. The issue prevented information cropped out from screenshots from being removed from the source image, allowing it to be retained in the file and recovered at a later date. The details at risk could have included sensitive information like bank card details, medical records, phone numbers, as well as social security information. First detected on Pixel smartphones and dubbed "aCropalypse", the CVE-2023-28303 vulnerability meddled with the image cropping tool on Pixel smartphones for screenshots. Researchers then found a similar flaw on the screenshot tool for Windows, after which Microsoft has issued an update for the operating system. Microsoft has asked users to deploy the update immediately to prevent the disclosure of any pe...
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Twitter Source Code Partially Leaked Online via GitHub, Court Filing Shows

Some parts of Twitter's source code have been leaked and the social media platform owned by billionaire Elon Musk is seeking information on the person responsible, a legal filing showed. According to the filing, "various excerpts" of Twitter's source code, which is used to run the company online, were posted on Github, a Microsoft -owned platform for sharing code for software development, by a user named 'FreeSpeechEnthusiast'. Github said it took down the code on Friday at Twitter's request. Twitter has asked the US District Court for the Northern District of California to order Github to produce "All identifying information" associated with the 'FreeSpeechEnthusiast' user name, the March 24 filing showed. Github did not immediately respond to a Reuters request for comment on whether it has supplied such information. It also did not comment on how long Twitter's source code had been publicly available. Twitter also did not im...
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Internet Archive Violated Copyrights With Digital Book Lending, US Judge Rules

A U.S. judge on Friday ruled that an online library operated by the nonprofit organization Internet Archive had infringed the copyrights of four major U.S. publishers by lending out digitally scanned copies of the books. The ruling by U.S. District Judge John Koeltl in Manhattan came in a closely-watched lawsuit that tested the ability of the Internet Archive to lend out the works of writers and publishers that remained protected by U.S. copyright laws for free. The San Francisco-based non-profit over the past decade has scanned millions of print books and lent out the resulted digital copies for free. While many are in the public domain, 3.6 million are protected by valid copyrights. That includes 33,000 titles belonging to the four publishers, Lagardere SCA's Hachette Book Group, News Corp's HarperCollins Publishers, John Wiley & Sons Inc and Bertelsmann SE & Co's Penguin Random House. They sued in 2020 over 127 books, after the Internet Archive expanded lendi...
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UK Drops Antitrust Concern Over Microsoft-Activision Deal, But Still Cautious About Impact On Cloud Gaming Market

Microsoft's acquisition of Activision Blizzard, the company behind the popular game 'Call of Duty', will not pose a threat to competition in the gaming console market, UK regulators said - clearing a significant hurdle for the $69 billion deal. from Top Tech News- News18.com https://ift.tt/3V14Ofn
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Terraform Founder Do Kwon Charged for Forging Documents by Montenegrin Police

Montenegrin police on Friday formally charged Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion (nearly Rs. 3,29,500 crore) or more last year, for forging official documents after arresting him on Podgorica airport. Do Kwon, a South Korean national, and a second suspect have been held on Thursday while trying to board a flight to Dubai at Podgorica airport. Police said in a statement they had found forged Costa Rican passports and a separate set of Belgian passports in their luggage during the encounter. The two suspects have also been charged before a Podgorica court with forging of official documents, it said. "Pending completion of the (court) proceedings they will be taken to an investigative judge...for further actions according to an international (arrest) warrant," it said. It also said that an international warrant had been issued against the two "to ensure their presence... before the Southern District...
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Huawei FreeBuds 2 Pro+, Huawei FreeBuds 5, and TalkBand B7 With Bluetooth Calling Launched: Details

Huawei FreeBuds Pro 2+, Huawei FreeBuds 5 and Huawei TalkBand B7 have been launched at the company's Spring flagship product launch conference in China. Huawei FreeBuds Pro 2+ comes with a dual heart rate and body temperature monitoring system. Its TruSeen heart rate algorithm technology is claimed to have an accuracy of 95 percent and 10 bpm after SGS testing. On the other hand, the Huawei FreeBuds 5 come with a unique Rupert Tears design with a separate sound unit, battery, and circuit board. Meanwhile, the TalkBand B7 is a two-in-one fitness tracker and Bluetooth earphone. Huawei FreeBuds 2 Pro+, Huawei FreeBuds 5 and TalkBand B7 price The Huawei FreeBuds 2 Pro+ price starts at CNY 1,499 (roughly Rs. 17,981), whereas Huawei FreeBuds 5 and TalkBand B7 come at a starting price of CNY 899 (roughly Rs. 10,784) and CNY 999 (roughly Rs. 11,983), respectively. The leather strap variant of the TalkBand B7 costs CNY 1,199 (roughly Rs. 14382). While the Huawei FreeBuds 2 Pro+ will be a...
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In Massive Data Breach, Details Of 1.2 Crore WhatsApp Users, 2.55 Lakh Defence Staff, 16.8 Cr Citizens Leaked, Gang Held: Cyberabad Police

Police in Cyberabad arrested seven members of a gang involved in stealing and selling sensitive data, including information on 2.55 lakh defence personnel and personal data from 16.8 crore citizens. The breach poses a risk to national security. from Top Tech News- News18.com https://ift.tt/mGq0by6
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1.2 Crore WhatsApp Users, 17 Lakh Facebook Users Targeted in India's Massive Data Theft

A massive data breach that has implications for national security was unearthed by Cyberabad Police here, who arrested seven people of a gang allegedly involved in the theft and sale of sensitive data of the government and important organisations, including details of 2.55 lakh defence personnel as well as the personal and confidential data of about 16.8 crore citizens across the country. The accused persons were found selling more than 140 different categories of information, which include sensitive information such as details of defence personnel and the mobile numbers of citizens and NEET students, among others, Cyberabad Police Commissioner M Stephen Raveendra told reporters here on Thursday. Seven data brokers were arrested from Delhi, police said adding that the accused had been operating through three companies (call centres) in Noida and other places. So far it has been found that the accused sold data to at least 100 fraudsters, who used it for committing cyber crimes. Inv...
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Meta Says Extra Network Fees Will Not Solve EU Telecoms' Financial Problems

Meta Platforms on Thursday voiced its strongest criticism to date of a push by EU telecoms operators to get Big Tech to foot additional network costs, saying this would not solve their financial problems and also ignores tech companies' hefty investments. Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators have lobbied for two decades for US tech giants to contribute to 5G and broadband roll-out. The operators say that given they account for more than half of data internet traffic, Alphabet 's Google , Apple , Meta , Netflix , Amazon and Microsoft should contribute to the billions of euros in infrastructure costs. "We recognise the financial challenges that European telecom operators now face after decades of strong performance," Kevin Salvadori, Meta's vice president for network and Bruno Cendon Martin, its director and head of reality labs wireless, wrote in a blog post. "However, proposals by some European telecom operators to ...
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Asteroid Discovery Suggests Ingredients for Life on Earth Came From Space

Two organic compounds essential for living organisms have been found in samples retrieved from the asteroid Ryugu, buttressing the notion that some ingredients crucial for the advent of life arrived on Earth aboard rocks from space billions of years ago. Scientists said on Tuesday they detected uracil and niacin in rocks obtained by the Japanese Space Agency's Hayabusa2 spacecraft from two sites on Ryugu in 2019. Uracil is one of the chemical building blocks for RNA, a molecule carrying directions for building and operating living organisms. Niacin, also called Vitamin B3 or nicotinic acid, is vital for their metabolism. The Ryugu samples, which looked like dark-gray rubble, were transported 155 million miles (250 million km) back to Earth and returned to our planet's surface in a sealed capsule that landed in 2020 in Australia's remote outback for analysis in Japan. Scientists long have pondered about the conditions necessary for life to arise after Earth formed about ...
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OpenAI-Integrated Microsoft Bing Outperforms Google in Page Visits Growth

The integration of OpenAI's technology into Microsoft-owned Bing has driven people to the little-used search engine and helped it compete better with market leader Google in page visits growth, according to data from analytics firm Similarweb. Page visits on Bing have risen 15.8 percent since Microsoft  unveiled its artificial intelligence -powered version on February 7, compared with a near 1 percent decline for the Alphabet -owned search engine, data till March 20 showed. The figures are an early sign of the lead the Windows maker has taken in its fast-moving race with Google for generative AI dominance, thanks to the technology behind ChatGPT , the viral chatbot that many experts have called AI's " iPhone moment". They also underscore a rare opportunity for Microsoft to make inroads in the over $120 billion (nearly Rs. 9,89,600 crore) search market, where Google has been the dominant player for decades with a share of more than 80 percent. Gil Luria, an ana...
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EU Proposes Rule to Let Consumers Get Worn-Out Electronics Repaired From Producers for Up to 10 Years

The European Union wants to give consumers the right to have worn-out products like washing machines and televisions repaired by producers even after the sales guarantee has expired, to cut waste and make goods last longer. The European Commission proposed rules on Wednesday that would oblige producers to offer repairs for a product for between five and ten years after it was sold — regardless of whether or not the legal guarantee is still valid. The rules would apply to fridges, vacuum cleaners, televisions, washing machines and other goods that are deemed "repairable" under EU law. The EU is negotiating rules that would extend the requirement to smartphones and tablets . European consumers and businesses routinely throw away goods that could be repaired, piling up waste and tossing away parts that could be recovered and reused. A 2020 survey on behalf of Germany's Environment Agency found that the "first-use" lifespan for products including televisions an...
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Apple to Open India's First Flagship Retail Store in Mumbai Next Month, Delhi Store to Follow Soon: Report

Apple is reportedly planning to open its first flagship India retail store in Mumbai. While there has been no official confirmation about the same from the Cupertino-based tech giant, the flagship store will reportedly open by next month, in April. Apple currently sells its in the country products through partner retail stores throughout India. Earlier this year, it was reported that the company is hiring workers for its retail stores in Mumbai as well as Delhi. Hence, the Apple Delhi store can also be expected to open in the coming months. According to an Economic Times report , citing two industry executives familiar with the plan, Apple is planning to commence its first flagship store in Mumbai by April 2023. This will be reportedly followed by opening of another Apple flagship store in New Delhi in the coming weeks. In Mumbai, Apple's flagship store is expected to be located in the Reliance Industries' Jio World Drive mall, covering an are of 22,000 sq ft. The Mumbai s...
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Twitter to Begin Charging Users for SMS-Based Two-Factor Authentication From Today: Details

Twitter is set to begin charging users to receive SMS codes for two-factor authentication (2FA) on Monday. The company, which was acquired by Elon Musk in October 2022, announced last month that only users who had paid to subscribe to Twitter Blue would be able to request login codes via SMS, in order to secure their account. The service continues to allow users to protect their accounts with a second authentication method, which is required after their password is entered. Last month, Twitter announced that as of March 20 — that's today — only Twitter Blue subscribers would be able to use SMS as a 2FA authentication method. The microblogging service currently allows users to secure their accounts — in addition to their password — by receiving an SMS login code, using a third-party authenticator app, or using a hardware security key. At the time, Twitter said that users would have 30 days to remove SMS based 2FA from their account settings, ...
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Thane Businessman Loses Rs. 34 Lakh in Bitcoin Trade, Was Promised Lucrative Returns on WhatsApp Group

A 37-year-old businessman from Mira Road in Thane has been cheated of Rs 33.65 lakh after he was tricked into investing in Bitcoins on the false promise of lucrative returns, police said on Monday. Police have registered a case against two persons under section 420 (Cheating and dishonestly inducing delivery of property) of the Indian Penal Code. An official said the complainant came into contact with the accused persons through a WhatsApp group. In February 2022, he received a message from two persons, including the group administrator, asking him to become a Bitcoin investor if he wants lucrative returns. "The businessman agreed and invested money. He got good returns initially, but later he suffered losses and stopped trading. But the accused contacted him and assured him that he will get guaranteed returns and demanded a 20 percent commission. Later, he saw an amount of $2,47,210 (roughly Rs. 2 crore) in his Bitcoin account but couldn't withdraw due to technical issue...
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Poco F5 5G Expected to Launch in India on April 6, Could Feature Snapdragon 7+ Gen 2 SoC

Xiaomi-owned subsidiary brand Poco just launched the Poco X5 mid-range smartphone in India on March 14. However, the company is reportedly not resting yet, and already gearing up to launch a new smartphone, the Poco F5 5G. The upcoming handset is believed to be a rebranded version of the unreleased Redmi Note 12 Turbo, which ships with the recently announced Qualcomm Snapdragon 7+ Gen 2 SoC. This could mean that the Poco F5 5G smartphone could also be equipped with Qualcomm's SoC. According to a report by 91mobiles, the Poco FG smartphone, which is said to be the rebranded version of the Redmi Note 12 Turbo, may feature a 6.67-inch QHD+ AMOLED panel with a 120Hz refresh rate, up to 1,400 nits brightness, HDR10+ support, and 1,920Hz PWM dimming. Redmi recently confirmed that the Redmi Note 12 Turbo will get a Snapdragon 7+ Gen 2 SoC. This means the Poco F5 5G could also feature the same chipset. The mid-range 5G smartphone could pack up to 12GB of RAM, and 256GB of storage. The...
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