Lorenzo Protocol Launches USD1-Based Yield Testnet Fund

Samsung Cuts Thousands of Jobs in Southeast Asia, Australia and New Zealand Amid AI Struggles

Samsung Electronics is planning job cuts in Southeast Asia, Australia, and New Zealand, potentially affecting about 10% of its workforce in those regions due to challenges in the global semiconductor market. The company's stock has dropped over 20% in 2024, prompting a restructuring effort to improve efficiency and adapt to competition, while also facing internal tensions marked by recent union strikes.

WeatherlyOkt 02, 2024 3:51 sore

Australian Authorities Confiscate $6.4 Million in Crypto Tied to Global Crime in ‘Operation Kraken’ by Decoding Seed Phrase

The Australian Federal Police reported that an analyst deciphered the seed phrase for a crypto account, leading to the seizure of $6.4 million during an investigation targeting the alleged mastermind behind an app used by criminal syndicates.

CatherineOkt 02, 2024 5:00 sore

Australia Removes 9,000 Scam Ads as Meta Collaborates with Banks Following $43.4 Million in Social Media Scam Losses

Meta has launched a new initiative called the Fraud Intelligence Reciprocal Exchange (Fire) to combat deepfake scams and fraudulent ads on social media in Australia, resulting in the removal of thousands of scam pages. As Australians reported over $43 million in losses to social media scams in 2024, the government is also proposing new legislation to hold companies accountable for preventing such fraud.

AnaisOkt 02, 2024 5:06 sore

Meta Expands Fraud Initiative with UK Banks to Shield Users from Scams

Meta has expanded its Fraud Intelligence Reciprocal Exchange (FIRE) program to enhance cooperation with UK banks in the fight against scams. This initiative aims to improve fraud detection by sharing important information and data between financial institutions and Meta.

WeatherlyOkt 02, 2024 6:00 sore

SEC and Ripple to Fight it Out Again as the Regulatory Agency Files Notice of Appeal: Who Will Emerge Victorious?

The SEC has appealed its case against Ripple Labs, arguing the district court's ruling contradicts Supreme Court precedent and securities law. This follows Judge Analisa Torres' decision that Ripple's institutional sales violated securities laws, but retail sales did not. Who will emerge victorious this time round?

CatherineOkt 03, 2024 9:09 pagi

Character.AI Sparks Disgust and Ire for Using Image of Murder Victim in Chatbot: Is Ethical Oversight Lacking in AI?

Character.AI faces backlash for using the likeness of a murdered teenage victim in a video game without her family's consent. The victim's father and uncle condemned the company, prompting the chatbot's removal and the creator's account suspension. This raises concerns about ethical oversight in AI development.

KikyoOkt 03, 2024 11:02 siang

30,000 Indians Still Missing in Southeast Asia After Falling for Fake Job Offers, Trapped in Cyber Slavery

Tens of thousands of Indian nationals are falling victim to fake job offers in Southeast Asia, leading to cyber slavery and substantial financial losses of INR 500 crore ($60 million) between October 2023 and March 2024. Many are trapped in Cambodia, where approximately 5,000 Indians are forced into cyber scams, with the Indian Embassy rescuing over 1,000 citizens since January 2022, including 67 recently saved from Poipet on 22 September 2024.

WeatherlyOkt 03, 2024 1:28 siang

Lamborghini and Animoca Brands Reveals Plans for Fast ForWorld Platform: Get Ready to Own and Drive Your Own Supercar

Lamborghini and Animoca Brands have teamed up to launch Fast ForWorld, a digital platform where fans can own, trade, and drive virtual Lamborghini supercars across games. Starting in November, users can unlock exclusive features and rewards with the digital Lamborghini Revuelto.

CatherineOkt 03, 2024 2:03 siang

Former NSA Whistleblower Says Nobody is Using Solana Except for “Meme Coins and Scams” During Token2049

Edward Snowden criticised the Solana blockchain for being centralised, which he believes makes it vulnerable to manipulation by powerful entities. Despite this, Solana's native token, SOL, continues to perform well in the market, with significant growth and fast transaction speeds.

WeatherlyOkt 03, 2024 3:12 sore

Cash is King: Fiat is the Go-To Currency for Criminals as Crypto Takes a Backseat

In 2024, cash remains the top choice for illegal activities, far exceeding cryptocurrency use. Crypto ISAC points out that blockchain makes crypto easier to trace, while cash is untraceable. Does this shift toward fiat signal progress or new challenges?

KikyoOkt 03, 2024 3:37 sore