Author: Disini & Disini Law Office

Google Announces Patent Cross-Licensing with Tencent

Google Announces Patent Cross-Licensing with Tencent

Earlier this week, Google announced that it will be entering into a patent cross-licensing agreement with Chinese tech giant Tencent which is estimated to be valued at $500 billion. The terms of the tie-in were not disclosed, but Google’s Head of Patents Mike Lee says that it is a long-term partnership where the two companies will be working on innovation for a broad range of products and technologies. Even though Google’s search service is still blocked in China, the company has recently increased its efforts in pursuing a number of projects in the country, including the creation of an AI […]

South Korea, Italy Complains Against iPhone Slowdown

South Korea, Italy Complains Against iPhone Slowdown

Complaints about Apple’s performance throttling of older iPhones continue to roll in, with the latest coming from South Korea and Italy. Reuters reported that a South Korean consumer group called Citizens United for Consumer Sovereignty had filed a lawsuit against the phonemaker, while Italy’s antitrust body formally launched a probe into the performance capping of manufacturers such as Apple and Samsung. The watchdog said that the manufacturers may intentionally be curbing the performance of the devices to encourage consumers to upgrade to the newer versions. French authorities say that they will be investigating these actions to see if it constitutes […]

SEC Blocks Wall Street Plans for Bitcoin ETFs and Mutual Funds

SEC Blocks Wall Street Plans for Bitcoin ETFs and Mutual Funds

In a staff letter released last January 18, the US Securities and Exchange Commission (SEC) told Wall Street trade groups that cryptocurrency-based investment products are not yet compliant with SEC regulations. SEC Director of Investment Management Dalia Blass said that the agency recognizes the potential benefits of cryptocurrencies. However, there are still outstanding questions on how these digital currencies and related products would satisfy the requirements of the Investment Company Act of 1940. The SEC also expressed their concern with regards to the liquidity and volatility of cryptocurrency, the nature of blockchain technology and forks, as well as the risk […]

Facebook to Prioritize News from “Trustworthy” Sources on Feed

Facebook to Prioritize News from “Trustworthy” Sources on Feed

Last Friday, Facebook’s Mark Zuckerberg announced that news from “trustworthy” outlets will be shown first in the platform’s social media posts. The Facebook chief executive also revealed that Facebook will be using surveys to determine the trustworthiness of a particular news source.    The move is in line with the company’s recent efforts against sensationalism and misinformation. Facebook, along with Google, Twitter and other tech giants, had been receiving pressure from  governments around the world to take greater steps in addressing the problem of fake news and extremism on their platforms.   Source: Reuters

South Korean Officials Caught Using Crypto Regulation Knowledge for Insider Trading

South Korean Officials Caught Using Crypto Regulation Knowledge for Insider Trading

Last Thursday, South Korea’s Financial Supervisory Service revealed that some employees had been trading cryptocurrencies and sold their holdings before the government’s announcement of the new regulatory rules. Both FSS Governor Choi Heung-sik and Chief of the Office of the Prime Minister, Hong Nam-ki confirmed the information and called for a thorough investigation into the matter. The Korean Public Service Ethics Act strictly prohibits public officials from stock trading to prevent misuse of internal information that they possess. However, cryptocurrency is currently not covered by the act as it is not defined as a financial asset or currency. Source: Bitcoin […]

Switzerland Sets Up Blockchain Oversight Working Group

Switzerland Sets Up Blockchain Oversight Working Group

A working group tasked to look into oversight of blockchain technology and initial coin offerings has been recently been established by Switzerland’s State Secretariat for International Financial Matters. The task force is expected to submit its findings and recommendations to the government at the end of the year. Last Thursday, the Finance Ministry said that by forming the group, they are only seeking to increase legal certainty, ensure technology-neutral regulation, and maintain the integrity of the financial center. The group will also include the Federal Office of Justice, as well as financial watchdog FINMA who will also look into crowdfunding […]

World’s Largest Botnet Used to “Pump and Dump” Cryptocurrency

World’s Largest Botnet Used to “Pump and Dump” Cryptocurrency

The security researcher behind MyOnlineSecurity blog recently confirmed that the world’s largest botnet, Necurs, is being used to “pump and dump” an obscure cryptocurrency called Swisscoin. The botnet was used to send spam emails to drum up interest in the altcoin. Spammers who have bought the coin in advance will then sell it off after the spam campaign drives it up in value. Conrad Longmore and Virus Bulletin also reported that the Necurs spammers had sent spam runs usign subject lines as: This crypto coin could go up fifty thousand percent this year Let me tell you about one cryptocurrency […]

“Text Bomb” Security Flaw Causes iPhones to Crash

“Text Bomb” Security Flaw Causes iPhones to Crash

A security flaw affecting Apple Macs and iPhones was recently discovered by software developer Abraham Masri who posted it on GitHub last Tuesday. The bug, called “chaiOS” causes devices to crash or restart. The chaiOS “text bomb” can be activated simply by sending a link to the device, even without having the user click on it. The bug can also crash the Safari browser and cause slowdowns on a Mac. However, renowned security expert Graham Cluley said that chaiOS is not a major security threat, but rather more of an annoyance to Apple users. Cluley added that it was not […]

Android Researcher Wins $112,500 for Pixel Smartphone Bug

Android Researcher Wins $112,500 for Pixel Smartphone Bug

It was revealed earlier this week that Google had awarded $112,500 Qihoo 360 Alpha Team researcher Guang Gong for submitting two Pixel smartphone security bugs through the Android Security Rewards (ASR) program. This is the first working remote exploit ever to be submitted to the program. The two exploit chains, CVE-2017-5116 and CVE-2017-14904, were submitted last August 2017. The two bugs can be used by attackers to remotely inject code into Android’s system_server process when a user opens a malicious URL via Chrome. A patch for the vulnerability, along with 42 others, had already been included in Google’s December security […]