Irish data protection watchdog – Data Protection Commission (DPC) has fined Meta €390M ($413M) over use of data targeted for advertisements in latest crackdown on privacy. Also read: GPTZero Claims to Detect Chatbot Content This follows conclusion of two enquiries
Days after the arrest of Andrew Tate, Twitter and TikTok began amplifying deliberate lies by fans of the popular misogynist that Tate had been released, actions that have discredited the social media platforms. The posts fooled many, but it turned
The video games regulator in China has given a nod for release of 44 foreign video games as the country’s tough stance on the gaming industry starts to thaw. Since August 2021, China has been rigid on the gaming industry. The
Midas Investments is shutting down as a decentralized finance platform and pivoting to so-called CeDeFi, a hybrid type of structure that combines centralized finance (CeFi) and DeFi. The decision is significant. It could indicate the direction that the decentralized finance
Twitter is being probed over personal data protection after a hacker claimed to have details of more than 400 million users. Identified as “Ryushi”, the hacker is demanding $200 000 or £166 000 to hand over the data and delete
Asset manager Fidelity Investments has applied to trademark financial investment services and a non-fungible token (NFT) marketplace in the metaverse, according to new filings made in the U.S. The filings show that Fidelity also intends to trademark a cryptocurrency trading
Chinese metaverse entrepreneurs are turning to overseas markets as the strict regulatory landscape back home is pushing them away. World over, metaverse and Web3 have become the buzzwords with tech companies and entrepreneurs scrambling for exciting business opportunities. Parent firm
Uphold Head of Research Martin Hiesboeck says that centralized crypto exchanges (CEXs) remain a good bet in spite of the recent market collapse. The rampant hacking in DeFi makes mass adoption of decentralized finance an “impossibility,” he argued. Hiesboeck spoke
China is set to introduce new laws in January that will tackle deepfakes as well as stop the spread of fabricated media. Also read: Under Fire FBI Recommends Installing Ad Blockers The country’s cyberspace regulator – Cyberspace Administrator of China
The US Federal Trade Commission (FTC) has slapped Epic Games, the maker of Fortnite, with $520 million in fines. Part of the money will now be used to reimburse gamers and their parents with a Fortnite refund. Epic Games to
Video gamers have sued Microsoft Corp in a bid to stop its acquisition of Activision Blizzard, alleging the $69 billion deal will thwart competition in the gaming industry. The case was filed in a California court on Tuesday on behalf
The European Union Commission has warned Meta for breaching EU antitrust rules by distorting competition on the markets for online classified ads. Also read: Microsoft Activision Bid Shakes Gaming Meta offers an online classifieds ads services which allows users to
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