1. UK fraudsters sentenced after stealing £220,000 via SIM farm scheme
Two individuals in the UK have been sentenced for orchestrating a SIM farm fraud scheme that led to the theft of £220,000. The fraudsters targeted mobile networks for illicit gains.
2. Paymob expands merchant network in Egypt with Apple Pay integration
Paymob’s expanded merchant network in Egypt now supports Apple Pay, enhancing transaction security and boosting sales figures for local businesses.
3. CFPB sues JPMorgan, Bank of America, and Wells Fargo over Zelle fraud
The U.S. Consumer Financial Protection Bureau has filed lawsuits against three major banks over allegations of fraudulent Zelle transactions that cost customers millions.
4. Palmpay and Jumia collaborate to develop Nigerian digital payments
Palmpay and Jumia have entered a partnership to enhance Nigeria’s digital payment ecosystem, aiming to improve accessibility and security for users and businesses.
5. Chargeback platform Justt raises $30 million to boost fraud prevention
Fraud detection platform Justt secures $30 million in funding to expand its chargeback solution, helping businesses manage and prevent financial fraud more effectively.
6. XTransfer partners with OCBC to enhance cross-border payments
XTransfer has teamed up with OCBC to improve cross-border payment solutions, providing faster and more secure transactions for businesses across Asia.
7. Financial Times report highlights economic growth amid challenges
The Financial Times reports on global economic growth despite challenges, with tech and green energy sectors driving major growth in several regions.
8. US fintech Chime files for potential 2025 IPO
Chime, a leading U.S. fintech, has reportedly submitted a confidential filing for a potential IPO in 2025, signaling growth in the digital banking sector.
9. Quantum computing aims to fortify Bitcoin signatures, says Adam Back
Adam Back discusses how quantum computing could help secure Bitcoin’s blockchain and enhance its cryptographic signatures, addressing future challenges in crypto security.
10. Jump Crypto settles with SEC over securities violations
Jump Crypto has settled with the U.S. SEC over alleged violations of securities regulations, with the firm agreeing to pay penalties as part of the settlement.
11. SpaceCoin launches first blockchain satellite into space
SpaceCoin XYZ has successfully launched the first blockchain-powered satellite, marking a significant milestone in the integration of space technology and cryptocurrency.
12. Metallicus acquires fintech operator with 70 credit unions
Fintech firm Metallicus has acquired a major operator that serves 70 credit unions, strengthening its position in the digital payments and financial services industry.
13. Audius partners with ICE for global royalty distribution
Audius has teamed up with ICE to create a global royalty distribution system, improving the way artists and content creators are paid for their work.
14. Trump proposes $280 trillion Bitcoin-backed reserve to save dollar
Former U.S. President Donald Trump has proposed a $280 trillion Bitcoin-backed reserve as a potential solution to save the U.S. dollar from economic instability.
15. Bitcoin prices hit fresh highs amid market rally
Bitcoin prices have surged to new heights as multiple factors, including institutional interest and global economic shifts, fuel a major rally in cryptocurrency markets.
16. Fake Bitcoin creator sentenced for contempt of court
The individual behind a fake Bitcoin creation scheme has been sentenced for contempt of court after failing to comply with legal orders related to the fraudulent project.
17. ICANN announces IANA 2030 Strategy webinar for PTI
ICANN has announced a webinar to discuss the IANA 2030 Strategy, which aims to shape the future of internet governance and PTI operations through 2030.
18. ACM-DIN Workshop to address AI’s role in global network challenges
The ACM-DIN Workshop 2024 will focus on AI’s evolving role in solving critical network challenges and advancing digital infrastructure solutions.
19. Arm’s licensing suit against Qualcomm ends in mistrial
Arm’s high-stakes licensing suit against Qualcomm has ended in a mistrial, although Qualcomm secured key victories in areas related to IP rights.
20. WordPress.org warns of potential shutdown in 2025
WordPress.org has issued a statement warning of a potential shutdown in 2025, citing critical financial and technical challenges that could jeopardize the platform’s future.
21. Google contractors instructed to assess Gemini responses
Google contractors have been instructed to assess the responses to its Gemini AI model, as the company seeks expert feedback for refining its latest AI projects.
22. Virgin Media connects 13,000 homes in Stoke with fibre
Virgin Media has successfully rolled out fibre connectivity to 13,000 homes in Stoke, expanding its broadband network and improving internet speeds in the region.
23. Nokia and Turkcell showcase quantum-safe IPsec network cryptography
Nokia and Turkcell have demonstrated a new quantum-safe IPsec network cryptography solution, paving the way for more secure communications in a quantum-computing future.
24. SK Telecom ends iFLAND metaverse platform
SK Telecom has decided to shut down its iFLAND metaverse platform, citing poor user adoption and a shift in focus toward more promising areas of AI and 5G.
25. Nokia secures $45 million Open RAN grant
Nokia has received a $45 million grant to advance Open RAN technology, aimed at improving the global mobile network infrastructure.
26. Serverfarm and IPTO to launch Gemini hyperscale data centers in Greece
Serverfarm and IPTO are collaborating to launch Gemini hyperscale data centers in Greece, aiming to meet the growing demand for data processing capacity in Europe.
