Unused analogue and television spectrum is being auctioned by the Federal Communications Commission (FCC), the US government agency which regulates interstate and international communications by radio, television, wire, satellite and cable, in an incentive to free up more spectrum for 4G and 5G and also advanced wireless services such as mobile and video. The two-sided auction for the spectrum was intended to pay broadcasters a fair share for their assets before selling them to the highest-bidding mobile carriers. After several…
Russia’s interior ministry recently said nine individuals has been detained who are alleged to be part of a cybercrime organization accused of stealing some $17 million from bank accounts. A nationwide search was implemented to find the 50-strong hacker group in Russia. An operation was launched by the FSB security agency last year, to track down the hackers that pilfered more than one billion rubles ($16.8 million) since 2013, according to a statement. “Nine individuals suspected of participating in hacking…

PayPal under US investigation for money laundering

Written on Thursday, 09 February 2017 09:16
US authorities have demanded that PayPal hand over information as part of an investigation into money laundering, according to a regulatory filing that was available on Wednesday, February 8, 2017. Silicon Valley-based PayPal is an American company that operates a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. In an annual report to the US Securities and Exchange Commission, PayPal said, “We have received…

EU citizens can now steam subscription services anywhere in EU

Written on Thursday, 09 February 2017 05:40
The European Union will now allow citizens of the EU to stream online subscription services such as Netflix or BBC iPlayer in any country in the EU. Collectively, EU citizens spend about one billion nights in other EU nations every year but are faced with the frustration of not being able to stream their subscription services outside their home country. The European Union’s executive arm, the European Commission, proposed the change and reached a compromise with negotiators from the European…
Facebook is going to the state of New York’s highest court to challenge search warrants seeking information from the social media giant’s user accounts. According to reports, Manhattan prosecutors sought search warrants in 2013 for the accounts of 381 Facebook users in connection with a disability benefits fraud case against New York City police and fire retirees. Facebook challenged the search warrants but the lower courts sided with prosecutors, ABC News reported, ruling it was up to individual users to…
A number of leading US technology companies are to send a letter to US President Donald Trump in which they will urge his administration to follow through on proposed changes to an executive order in relation to a travel ban on seven predominantly Muslim countries. The technology companies expected to sign the letter include firms such as Apple, Facebook, Alphabet, Google, Twitter, Microsoft and Yahoo. The tech firms are keen to establish clarity on the issue as the travel ban…
The Central Bank of the United Arab Emirates released a new regulation on January 1, 2017, which appeared to outlaw virtual currencies, which people assumed would include Bitcoin. However, the organization has since clarified its regulation saying the regulations “do not apply to bitcoin or other crypto – currencies, currency exchanges, or underlying technology such as Blockchain.” The Central Bank issued the regulatory framework for stored values and electronic systems on New Year’s Day – a move that took experts…
US tech leader Travis Kalanick has been forced to quit a business advisory group set-up by US president, Donald Trump, following an angry backlash that sparked a movement against his ride-hailing global company Uber. A number of anti-Trump campaigners have called for those opposed to Trump’s executive order on immigration to boycott all Uber services because of the collaboration between Uber’s CEO and the US president by being members on the same advisory group. In a statement issued to his…
A number of Silicon Valley leaders have blasted the decision by new US president Donald Trump to impose a temporary ban on refugees and Muslims from entering the United States. The tech leaders are concerned that such a drastic stance on immigration will prevent them from accessing a large global reservoir of talent to work for their organizations. In addition to this, the companies are also concerned in relation to the impact the strict measures will have on its existing…
Russian authorities have ordered a popular video website to be blocked due to an allegation of a copyright infringement from a reality TV station. A reality TV station called Piatnitsa has accused Dailymotion of copyright infringement and a Moscow court have granted the request that the website should be blocked until investigations into the alleged breach are explored further. Users are reportedly still able to access Dailymotion, but it is expected that the site will be blocked by the end…
US President Donald Trump has announced his new chief regulator for the nation’s airwaves and internet connections – a man known for his opposition to the Obama-led ‘net neutrality’ rules. Ajit Pai will take on the role of chairman of the Federal Communications Commission (FCC). In a recent statement, Pai said he was grateful to be chosen for the role by the new president. An active member of Twitter, Pai said in a post on Monday, 23 January, that “there…
Yahoo revealed on Monday, 23 January, that the closing of the $4.8 billion deal to sell its core internet assets to US telecom giant Verizon has been delayed several months. What’s more, the US Securities and Exchange Commission have opened an investigation into whether Yahoo should have informed investors sooner about its two major data breaches announced last year. The US Securities and Exchange Commission is said to have requested documents from Yahoo in December 2016 concerning the two data…
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