Instagram Introduces “Favorites List”
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Don’t Want to Get Blocked Out of Facebook? Accept These Policies
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Weekly Report: Russia’s largest bank can now issue digital assets, Optimism raises $150 million
Optimism aims to invest in hiring following the conclusion of a Series B funding round A FinCEN rep has said it is impossible to move large scale amounts of funds via crypto to avoid sanctions Meta could be legally charged for allowing misleading crypto ads on Facebook that falsely portrayed support by celebrity figures in Australia Sberbank has been licensed to issue and exchange virtual assets in Russia GameStop fans will by the end of July exchange NFTs for free on the retailer’s marketplace Ethereum L2 scaling solution Optimism raises $150M in a Series B funding round Optimism, an Ethereum layer two scaling solution, has completed a $150 million Series B funding round co-led by giant venture capital firms Paradigm Capital and Andreessen Horowitz (a16z) at a $1.65 billion valuatio...
Australian competition regulator takes Meta to court over fake crypto ads
The Australian Competition and Consumer Commission (ACCC) is taking Meta Platforms, Inc. (formerly Facebook) to the Federal Court, alleging that the firm and its Irish branch engaged in “false, misleading or deceptive conduct” by publishing scam celebrity crypto ads. Some users have lost hundreds of thousands of dollars to the sophisticated and long running scams tied to the ad. The spotlight on Meta has heated up in Australia since the start of February, with Cointelegraph previously reporting that the ACCC was investigating the firm over allegedly fraudulent crypto ads. Aussie mining billionaire Andrew Forrest also took legal action against the company for hosting ads that allegedly used his name to defraud victims. In an announcement posted earlier today, the ACCC asserted that Meta “ai...
How the Internet is Giving Side-Hustling South Africans the Earning Edge
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Diem team members raise $200M to launch blockchain derived from it
Former Meta employees and key players behind the firm’s defunc stablecoin project Diem have raised $200 million to expand a new project dubbed “Aptos.” Aptos was cofounded by former Novi — Meta’s crypto unit — strategic partnerships lead Mo Shaikh and tech lead Avery Ching. The duo arenow serving as the CEO and CTO for the new firm. Both left the company in December, prior to Diem being sold to Silvergate Capital in February this year. The team is building a decentralized Layer 1 blockchain that is partly based on Move, the coding language initially developed for Diem. The company is now in the process of growing its developer ecosystem and attracting projects to the blockchain, which it touts will be a cheap, secure and scalable network. According to a March 16 announcement, Aptos’ $200 m...
6 Common Cybersecurity Mistakes Made by Startup Companies
Image sourced from Pixabay Some of the most successful companies today began their journey as startups. They usually start with a brilliant idea or a new technology that promises to solve a problem to rethink the way we do business. The African region is no stranger to startups, where reports suggest that African startups raised near $5 billion in total estimated funding from 740 deals last year, predominantly in tech startups. This is more than a 250% increase from the $1.3-billion estimated total funding raised in 2020. Startup owners often draw attention to issues of business planning, marketing strategy, and attracting additional investment, but do not address the need to build a solid cybersecurity system. The lack of a clear understanding of threats can cost a startup a potentially s...
Instagram to Start Demoting Content from Russian State-Owned Media
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Russia Blocks Access to Facebook
Russia plans to ban Facebook within the country, according to a statement by Russian communications regulator Roskomnadzo. Facebook had refused to comply with Russia’s demand that it stop fact-checking state media. Roskomnadzo’s statement (translated via The Verge) cites 26 cases of “discrimination against Russian media and information resources by Facebook” since October 2020. It also accused the social media platform of violating federal law by restricting access to state media outlets. This news arrives on the heels of Russia’s ongoing invasion of Ukraine. Since the war broke out last week, fleets of Russians have gathered in the streets to protest the invasion, and thousands have been arrested. While President Vladimir Putin has denied plans to institute martial law, the regi...
Sharing These Messages on Social Media in SA Could Land You In Jail
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Do South Africans Know How Facebook Collects Their Data?
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‘Off the charts’: Zynga blockchain exec praises P2E gaming talent
Hot off the news that the FarmVille and Words With Friends developer Zynga will release the first nonfungible token game this year, Zynga’s blockchain gaming aspirations are taking shape. Matt Wolf, marketing veteran with experience at Electronic Arts and Sega, is the new vice president of blockchain gaming for Zynga. He’s setting up a new team, bringing a wealth of “traditional gaming” experience to play-to-earn (P2E). In an interview with Cointelegraph, he said the talent pool in P2E gaming is: “Off the charts in terms of economics and traditional finance firepower — incredible people. Also, on the innovation side and on the technology side, it’s off the charts.” However, he surmised many gamers’ thoughts when commenting on the gamification elements of nonfungible tokens (NFT)...
