TECHNOLOGY
CEO of 19 firms charged with selling fake Cisco devices worth $1 bn
A federal grand jury in the District of New Jersey charged Onur Aksoy, aka Ron Aksoy, aka Dave Durden, 38, of Miami with running a massive operation over many years to traffic in fraudulent and counterfeit Cisco networking equipment with an estimated retail value of over $1 billion.
Xi's security warning after sale of stolen Chinese data
The hacker claims the information includes names, addresses, National ID numbers and mobile phone numbers. Cyber-security experts have verified that at least some of a small sample of the data offered is real. The 23 terabytes of data is thought to be the largest ever sale of data on record and was being offered for $200,000 until the post was removed on Friday.
Nokia wins 4G/5G dispute, OPPO, OnePlus banned in Germany
According to GizmoChina, the suit resulted from the breakdown in discussions between Nokia and OPPO over 4G (LTE) and 5G patents. While instituted cases are in four countries, OPPO countersued Nokia in nine countries. OPPO had stated that the lawsuit filed by Nokia was shocking. The German Regional Court ruling is the first ruling regarding the disputed patents.
Musk says he's terminating $44 billion Twitter deal: Report
"For nearly two months, Musk has sought the data and information necessary to 'make an independent assessment of the prevalence of fake or spam accounts on Twitter's platform'," Musk's legal team wrote. "Twitter has failed or refused to provide this information," they added. Twitter still hopes to close the deal, despite Musk's attempted termination.
Twitter to sue Musk for terminating $44 bn takeover deal
In a surprising move, Musk's legal team said in a US Securities and Exchange (SEC) filing that he is terminating the deal because Twitter was in "material breach" of their agreement and had made "false and misleading" statements during negotiations.
Microsoft now allows up to 10 'co-organisers' on Teams
The company said that organisers can share control by assigning the new "co-organiser" role to up to 10 meeting attendees. "Co-organisers have most of the same capabilities as the organiser, including management of Meeting Options," the company said in a statement. Limitations of the co-organiser role include an inability to create and manage breakout rooms, manage meeting recordings
Twitter tests new feature to let two users co-author a tweet
The platform said that this new feature is now live for some users for a limited amount of time after the company started experimenting with the idea earlier this year, reports The Verge. "We are continuing to explore new ways for people to collaborate on Twitter," Twitter spokesperson Joseph J. Nunez was quoted as saying in a statement by the website.
Netflix brings spatial audio to 221 mn users on its platform
Netflix said that spatial audio will help translate the cinematic experience of immersive audio to any stereo, "so the work creators do to bring you into the story happens no matter what device you use to watch Netflix". Spatial Audio is a 3D audio technology that creates a more immersive soundscape by using dynamic head-tracking for a 'theatre-like' experience.
China's WeChat shuts Bloomberg's financial news account
Tencent-owned WeChat said it had received "complaints" about Bloomberg's "Daybreak" account, which posts global market updates, reports South China Morning Post. The account, active since January 2021, has breached Chinese regulations, the Chinese platform said. "All content has been blocked and the account has been suspended," the message read on the blocked account, along with a link to the regulations issued by the Cyberspace Administration of China.
Web3.0 Blockchain projects lost over $2 bn to hackers in 2022 1st half
According to Blockchain auditing and security company CertiK, this year's hacking figure is more than all of 2021 combined. About $308 million were lost across 27 flash loan attacks in the second quarter, from $14 million in Q1. Flash loans are a decentralised finance (DeFi) mechanism that lets borrowers access extremely large amounts of cryptocurrency for very short periods of time.
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