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Twitter CEO Jack Dorsey sells NFT of first tweet for $2.9M

Twitter CEO Jack Dorsey has sold a digital version of his first tweet for more than $2.9 million more than two weeks after he announced a digital auction for the post. The tweet from March 2006, which says “just setting up my twttr,” was bought by Bridge Oracle CEO Sina Estavi, according to Valuables by […]

UK unveils plan for smaller, more high-tech armed forces

Britain plans to cut the size of its army and boost spending on drones, robots and a new “cyber force” under defense plans announced by the government on Monday. Defense Secretary Ben Wallace said the British Army would shrink from 76,500 soldiers to 72,500 by 2025. He said the army hadn’t been at its “established […]

GSMA urges Myanmar military to lift nationwide Internet blackout

The GSMA expressed last week a deep concern regarding Myanmar’s Internet blackout following Norwegian telecoms provider Telenor’s local operation confirmation of restrictions since March 15. The industry body issued an appeal to the Myanmar military – who forcefully took power following an election that saw Aung Suu Kyi’s National League for Democracy gain over 80 […]

Report: Extremist groups thrive on Facebook despite bans

A new outside report found that Facebook has allowed groups — many tied to QAnon, boogaloo and militia movements — to glorify violence during the 2020 election and in the weeks leading up to the deadly riots on the U.S. Capitol in January. Avaaz, a nonprofit advocacy group that says it seeks to protect democracies […]

Fed's Powell: Public should understand risks of Bitcoin

Federal Reserve Chair Jerome Powell said Monday that the U.S. public needs to understand the risks behind Bitcoin and other cryptocurrencies, even as the central bank itself is studying the potential costs and benefits of a digital dollar. Powell said the Fed prefers to call crypto coins “crypto assets,” because their volatility undermines their ability […]

STC Kuwait, Virgin Mobile receive Kuwait’s first MVNO license

STC Kuwait and Virgin Mobile Middle East and Africa (VMMEA) announced on Sunday that they have received approval of a license as Kuwait’s first virtual network operator (MVNO) from the country’s Communication and Information Technology Regulatory Authority (CITRA). The announcement, made during a press conference attended by senior government and industry figures, will allow STC […]

Japan spends billions on technology for absent Olympic fans

Japan’s top telecommunications company is getting 7.3 billion yen — about $67 million — in taxpayer money to design mobile tracking software to curb the spread of coronavirus infections during the Tokyo Olympics. There’s one catch: Few Olympic fans from abroad will be around to use it. Tokyo Olympic organizers and the IOC on Saturday […]

Cyber attack tied to China boosts development bank's chief

The cyberattack crested just as finance officials from across Latin America were descending on Washington to commemorate the 60th anniversary of the Inter-American Development Bank. On Sept. 24, 2019, requests from more than 15,000 internet addresses throughout China flooded the bank’s website, knocking part of it intermittently offline. To unclog the network, the bank took […]

Canadian tried in China on spy charges, no verdict announced

China on Friday put on trial one of two Canadians held for more than two years in apparent retaliation for Canada’s arrest of a senior Chinese telecom executive. Canada said its consular officials were refused permission to attend the proceedings against Michael Spavor, who is accused by China of stealing state secrets. Jim Nickel, the […]