Archive for July 2022
Dutch Central Bank fines Binance $3.4 million for serious violations
On Monday, the De Nederlandsche Bank (DNB) slapped Binance with a huge $3.4 million fine for not obtaining regulatory approval to work in the country. The bank claims that Binance, the biggest cryptocurrency exchange company by trading volume, has continued to provide services in the Netherlands without the needed registration and approval. According to the […]
Fundrise, a real estate investing giant, breaks into venture capital
Fundrise is making a giant entry into a venture capital market to generate a new $1 billion growth equity fund to invest in late-stage tech startups. The company, which permits everyone to invest in real estate with just $10, announced the move today. According to the company, the new fund will be evergreen, have an […]
Why Big Tech’s Reckoning Won’t Stop With Uber
Now we can say that life for big tech firms appears increasingly different from how it was five years ago. Then, Uber utilized a hidden “kill switch” to thwart police’s probe of its data systems in over 12 countries. The company forged into places where its service-economy methods broke city rules, rising above the mayors’ […]
Oracle introduces new sovereign cloud for EU
OCI (Oracle Cloud Infrastructure) has launched new sovereign cloud regions for its users in the European Union. The news comes as a rising number of governments and companies increasingly move mission-vital workloads to the cloud, needing greater protection of sensitive data in public clouds, especially ones in national jurisdictions and borders. According to Andrea Cesarini, […]
‘Callback’ phishing campaign impersonates security firms
A new report has emerged on how a new callback phishing campaign is impersonating popular security firms to trick potential victims into having a phone call that would instruct them to install malware. CrowdStrike Intelligence researchers found the campaign because CrowdStrike is one of the firms being impersonated. The campaign uses a phishing email to […]
Twitter sues Elon Musk, holding him to a $44 billion deal
On Tuesday, Twitter sued Elon Musk for violating his $44 billion deal to purchase Twitter and told a Delaware court to order him to finish the merger at the concluded $54.20 per Twitter share. The complaint says “Musk believes that he, unlike every other party subject to Delaware contract law, is free to change his […]
PepsiCo increases revenue forecast as it implements price hikes and smaller sizes to fight rising costs.
On Tuesday, PepsiCo increased its year revenue outlook as inflation raised prices while users paid more for its Gatorade drinks and Doritos chips. With the anticipation of rising higher costs in the second half of the year, the company plans to keep reducing product sizes and introducing other means to control rising expenses. According to […]
Leaked Uber files show records of lobbying, lawbreaking, and exploiting violence against drivers
Tens of thousands of leaked confidential files have revealed a history of lobbying, lawbreaking, and exploiting violence against drivers. The record shows a treasure trove of unlawful and sketchy altitudes from Uber. The files were initially shared with the International Consortium of Investigative Journalists and The Guardian. They showed that Uber has knowingly broken laws […]
How Smart Textiles sense their user’s movement
With a novel fabrication procedure, MIT researchers have designed smart textiles, which conform to the body so they could sense the wearer’s motions and posture. The researchers used the process of thermoforming. By adding a unique kind of plastic yarn and incorporating heat to slightly melt it, the researchers greatly increase the precision of pressure […]
Is Web3 Decentralization Debate Focused on the Wrong Question?
Web3 has become an exciting term for the vision of a better, new internet. It has also become a subject of debate on diverse fonts. One of the trends now is whether the Web3 decentralization debate has been focused on the wrong question. There’s a belief that concentrating on the degree instead of the kind […]