Google has agreed to pay over $391 million to settle a bipartisan, multistate action that accuses the search giant of deceiving users about how their location data are handled. The settlement came about 10 months after state attorneys general from 40 states filed suits separately in each jurisdiction, alleging that Google has, since at least…
Google Pays $391 Million to Settle Privacy Lawsuit for Tricking Users into Sharing Location Data
FTX Collapse Sparks Contagion Fears as Crypto.com Withdrawals Jump
November 14, 2022
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Business & MarketsCompaniescrypto exchangeCrypto Exchange FTXcrypto walletcrypto.comcryptocurrencyMarketsTechTech NewsUS
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The collapse of the crypto exchange FTX has triggered fears of a potential contagion spreading in the market, with withdrawals at another exchange, Crypto.com, jumping after it admitted to making a transaction mistake. FTX, one of the largest crypto exchanges, filed for bankruptcy last week following a report by CoinDesk which revealed that the balance…
Elon Musk Reveals When Twitter Blue Will ‘Probably’ Be Back
Elon Musk said that Twitter Blue, the platform’s $8 blue check subscription service, will likely be back at the end of this week after the company put the service on ice last week after a wave of blue check accounts impersonating big brands posted controversial content. A number of users reported at the end of…
Binance Bans, Then Restarts FTT Deposits, as Congressman Calls for Crypto Regulation
November 14, 2022
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binanceBusiness & Marketscold storageCompaniesCrypto Exchange FTXcrypto regulationscryptocurrencyMarketsTechTech News
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Cryptocurrency exchange Binance is once more allowing deposits to be made in FTT tokens that are issued by rival exchange FTX, hours after prohibiting the activity. In a tweet on Nov. 13, Binance said that it had noticed “suspicious movement” of a large amount of FTT by the token’s contract deployers due to which it paused FTT…
Elon Musk Says He’s Working ‘7 Days a Week’ After Taking Over Twitter
Elon Musk has spoken about his grueling work schedule as the new owner of Twitter and admitted to having “too much” on his plate. The billionaire businessman gave an insight into his workload during a session at the Business 20 conference in Indonesia on Monday. The conference is the official G-20 dialogue forum and is running alongside the…
Digital Culling: The End of Silicon Valley’s Golden Era?
November 14, 2022
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AustraliaBusiness & MarketsCompaniesElon MuskFacebookInternationalMark ZuckerbergMedia & Big TechOpinionSilicon ValleySocial MediaTechTech NewsTwitterUSUS NewsViewpointsWorld
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Commentary When billionaire Twitter owner Elon Musk cleaned out 3,700 superfluous Millennials from his company, the internet went crazy. “How dare!” shrieked the celebrities (who fancy themselves to be human rights lawyers). “Sue them!” demanded the Democrats, trampling over each other to profit from the social credit points on offer. The moral outrage was something…
Hacking Back: Australia Launches Hunt for Cyber Syndicates
The Australian government will strike back against cyber hackers with a 100-person strong task force set to debilitate hackers and ransomware syndicates around the world before crimes have been committed. The task force will be a joint effort between the Australian Federal Police (AFP) and the Australian Signals Directorate (ASD), according to an announcement on Nov. 12….
Medibank Could Face Legal Action Over Hack
Health insurer Medibank could be facing legal action after the personal details of millions of its customers were stolen in a data breach. After the health information of some of its customers was posted on the dark web, law firm Maurice Blackburn confirmed it was reviewing whether customers affected by the hack could be entitled…
Musk Says Twitter to Soon Enable Organizations to Identify Their Associated Accounts
Twitter’s billionaire owner Elon Musk on Sunday said that Twitter will soon enable organizations to identify twitter accounts associated with them as the new Twitter owner continues to find ways to limit fake accounts on the platform. “Rolling out soon,” Musk said in a tweet on Sunday. “Twitter will enable organizations to identify which other…
Twitter Pauses Blue Check Subscriptions After Wave of Big Brand Impersonations
Twitter paused its recently announced $8 blue check subscription service on Friday and it remained inactive on Saturday after a wave of blue check accounts appeared, impersonating big brands and making embarrassing posts. Several users reported on Friday that the new subscription option for the blue verification check mark had disappeared, while Reuters reported that…
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