Governance
Top tech news stories today: June 27, 2024
Rabbit’s R1 AI gadget is under fire for its hardcoded API keys, which have exposed sensitive data to scrutiny and raised security concerns.
Headline
Rabbit’s R1 AI gadget is under fire for its hardcoded API keys, which have exposed sensitive data to scrutiny and raised security concerns.
Context
Financial regulators in 25 U.S. states reached a settlement with cryptocurrency platform Abra and its CEO for operating without proper licensing. Abra agreed to cease U.S. operations for retail customers and refund up to $82.1 million. CEO Bill Barhydt is barred from licenced businesses for five years. ( U.S. News ) The SEC may approve spot ether ETFs by July 4, with eight asset managers, including BlackRock and VanEck, seeking approval. The process is nearing completion, focusing on minor issues. ( Reuters )
Evidence
Pending intelligence enrichment.
Analysis
Flipkart’s new payments app, Super.money, quietly enters beta on Play Store, focusing on UPI transactions with promises of real cashback. The app aims to expand into secured cards and lending, partnering with DMI Finance, Axis Bank, and Credit Saison India. ( Tech Crunch ) The RIPE Programme Committee is seeking content proposals for RIPE 89, which will be hybrid. Both in-person and virtual presentations are encouraged. The deadline for proposals is August 23, 2024. Topics include IPv6 deployment, network security, and IoT. ( RIPE NCC ) RIPE NCC has published the Q3 2024 quarterly plans for our development teams, detailing upcoming work items. RIPE NCC members and the wider community can provide feedback and suggestions. ( RIPE NCC ) Evolve Bank and Trust confirmed a cybersecurity incident resulting in customer data being released on the dark web. The bank has engaged law enforcement and will offer affected customers complimentary credit monitoring. The Federal Reserve recently ordered Evolve to enhance its risk management and anti-money laundering programs. ( Aol. )
Key Points
- Crypto
- 1. Crypto firm Abra reaches settlement with US states for operating without licences
- 2. US regulators could approve spot ether ETFs for launch by July 4, sources say
- Fintech
- 3. Flipkart Group launches payments app, Super.money, in fintech push
Actions
Pending intelligence enrichment.
