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US Senate Votes in Favor of Net Neutrality

US Senate Votes in Favor of Net Neutrality

The US Senate voted in favor of retaining the Obama-era open internet rules last Wednesday. The move, which seeks to overturn the FCC’s decision, is said to have a slim chance of approval in the House of Representatives of the White House. Three Republicans, John Kennedy, Lisa Murkowski and Susan Collins, and two independents, were seen voting with 47 Democrats to reverse the Trump administration’s decision. Senate Democratic Leader Chuck Schumer reasoned out that the internet should be treated like the public good that it is. Schumer pointed out that water companies or phone companies are not allowed to discriminate […]

Twitter’s Jack Dorsey Supports Adoption of Bitcoin

Twitter’s Jack Dorsey Supports Adoption of Bitcoin

Twitter CEO Jack Dorsey recently expressed his interest in cryptocurrencies such as Bitcoin and said that he would like to see it adopted as global means of payment. Dorsey, who is also CEO of Square, said that he believes Bitcoin, or another cryptocurrency, will become the internet’s native currency. It is said that Dorsey wants to have his company at the forefront of cryptocurrency adoption as it would lower the barrier for Dorsey’s payments company to enter new markets. According to Nomura Instinet, Square’s mobile payment app, which was launched in January, is growing faster than PayPal’s Venmo partly due […]

Tianjin Announces $16 Billion AI Fund

Tianjin Announces $16 Billion AI Fund

Last Thursday, China’s northern port city of Tianjin announced that it will be allocating around 100 billion yuan ($16 billion) to support the growth of country’s artificial intelligence sector. The funds will be used for the development of intelligent robots and hardware and software while around 30 billion will go to intelligent devices and upgrades for traditional industries. A separate fund of 10 billion will be set up to promote intelligent manufacturing. Tianjin vice mayor Sun Wenkui also pledged around 30 million yuan for each scientific research institution, whether a provincial- or national-level body, that sets up in the province. […]

FBI Chief Warns Against Companies Like ZTE

FBI Chief Warns Against Companies Like ZTE

Last Wednesday, FBI Director Christopher Wray told a Senate panel that his agency is “deeply concerned” about companies like ZTE gaining a foothold in the US market. Wray also questioned Trump’s change in tone with regards to the company, saying that he was not aware if the president had tried to consult them before promising on Twitter to help ZTE restore jobs after it was found to have violated US trade restrictions. Wray also said that companies such as ZTE that do not hold the same values should not be allowed to gain position within the country’s telecommunications network as […]

Crypto Payments Still Not Legal Under Russia’s “Digital Law”

Crypto Payments Still Not Legal Under Russia’s “Digital Law”

Izvestia, the news portal of the Russian Ministry of Information Technologies, recently reported that cryptocurrencies will still not be considered a legitimate method of payment under the country’s “digital bill” which is expected to establish a legal basis for digital rights and digital transactions. President Vladimir Putin had previously ordered the central bank and the government to submit an assessment of cryptocurrency, including the risks involved and the technological solutions it may offer in banking. However, it may follow from the bill that such currencies may be used as payment “in controlled quantities” in the future. It is said that […]

Facebook Stresses Effectivity of AI Tools on New Community Standards Report

Facebook Stresses Effectivity of AI Tools on New Community Standards Report

Facebook recently released a new report on how the company combats spam and fake accounts on its platform. It is said that the report is an attempt to show the effectiveness of Facebook’s artificial intelligence (AI) in flagging content before it impacts users and enforcing the service’s Community Standards. Facebook said in its report that its AI was able to take down 837 million pieces of spam in the quarter and nearly all of it was found prior to user reports. It also disabled 583 million fake accounts within minutes of registration in the first three months of 2018. In […]

Vietnam Mulls Formal Antitrust Investigation Into Grab-Uber Deal

Vietnam Mulls Formal Antitrust Investigation Into Grab-Uber Deal

Last Wednesday, Vietnam’s trade ministry said that it may launch a formal investigation into Grab’s acquisition of Uber’s Southeast Asia business, stressing that the transaction could be blocked since an initial probe found that the combined market share of both ride-hailing firms in Vietnam was over 50% percent, as per the nation’s law. It is unclear what kind of impact Vietnam’s move will have on the deal, which is already being scrutinized by other countries such as Singapore, the Philippines, and Malaysia. However, lawyers and analysts say that there is little that can be done to stop Uber from leaving […]

White House Drops Cybersecurity Coordinator Position

White House Drops Cybersecurity Coordinator Position

White House national security advisor John Bolton last Tuesday terminated the position of cybersecurity coordinator, a senior role which was once occupied by Rob Joyce who went back to the NSA. It is said that despite the importance of the position, Bolton and the Trump administration regarded it as “another layer of bureaucracy”. Bolton had reportedly emailed staffers at the National Security Council and explained to that the council’s cyber team already has two senior directors. However, Democratic senator and vice chairman of the Senate Intelligence Committee Mark Warner responded in a tweet that the government should be investing in […]

Mexico Central Bank Forms Cybersecurity Team After Hacking Incident

Mexico Central Bank Forms Cybersecurity Team After Hacking Incident

The central bank of Mexico revealed Tuesday that it has created a cybersecurity unit after a hacking incident last April on a domestic payments system that affected a number of banks in the country. Central bank Governor Alejandro Diaz de Leon said that he expects the measure will prevent such attacks from happening again. Fermin Gonzalez, head of forensic services at PricewaterhouseCoopers in Mexico.added that the attack was quite similar to the Bangladesh central bank cyber heist in 2016 where the hackers got away with around $81 million The central bank did not reveal which banks had been affected, but […]

Twitter Launches New Strategy Against “Trolls”

Twitter Launches New Strategy Against “Trolls”

Twitter announced Tuesday that it will be using a new strategy involving the use of behavioral signals to identify internet “trolls” and limit the visibility of their tweets. CEO Jack Dorsey revealed that behavior such as the frequency of tweets from users about accounts that do not follow them, or users that have not confirmed their email address will determine where and how their tweets will appear on the service, even if the tweets themselves are not violating any rules. Dorsey said that this should take some of the burden off people who report abusive tweets, citing that past efforts […]