Dollar Index Edges Lower As Major Currencies Trade Mixed

Singapore Crypto Company Makes a Comeback After Collapse, Launches Memecoin That Plummets Even Faster Than Its Defunct Hedge Fund

Su Zhu and Kyle Davies, co-founders of the failed hedge fund Three Arrows Capital, have launched a new memecoin called *Three Arrowz Capitel*, which has raised concerns due to 84% of its supply being controlled by insiders. The token has already lost over 70% of its value since its launch, sparking fears of price manipulation and drawing criticism for the duo's controversial past and ongoing legal issues.

AnaisOct 02, 2024 1:37 pm

FTX Creditors Greenlight $6 Billion Bankruptcy Payout to Affected Users: Will It Boost Crypto Market Liquidity?

In a recent update, most FTX creditors approved a bankruptcy repayment plan that could return over $6 billion to investors. However, the settlement process may extend through the end of the year before users see their funds.

KikyoOct 02, 2024 3:28 pm

Worldcoin Expands to Guatemala, Poland and Malaysia Boosting Global ID Verification Amid AI Fears

Worldcoin is expanding its orb verifications to Guatemala, Poland, and Malaysia, aiming to address concerns about distinguishing humans from AI bots online. The introduction of Face Auth enhances security while partnerships in Malaysia and rising support in Korea reflect growing global interest in human verification technologies.

WeatherlyOct 02, 2024 3:31 pm

Samsung Cuts Thousands of Jobs in Southeast Asia, Australia and New Zealand Amid AI Struggles

Samsung Electronics is planning job cuts in Southeast Asia, Australia, and New Zealand, potentially affecting about 10% of its workforce in those regions due to challenges in the global semiconductor market. The company's stock has dropped over 20% in 2024, prompting a restructuring effort to improve efficiency and adapt to competition, while also facing internal tensions marked by recent union strikes.

WeatherlyOct 02, 2024 3:51 pm

Australian Authorities Confiscate $6.4 Million in Crypto Tied to Global Crime in ‘Operation Kraken’ by Decoding Seed Phrase

The Australian Federal Police reported that an analyst deciphered the seed phrase for a crypto account, leading to the seizure of $6.4 million during an investigation targeting the alleged mastermind behind an app used by criminal syndicates.

CatherineOct 02, 2024 5:00 pm

Australia Removes 9,000 Scam Ads as Meta Collaborates with Banks Following $43.4 Million in Social Media Scam Losses

Meta has launched a new initiative called the Fraud Intelligence Reciprocal Exchange (Fire) to combat deepfake scams and fraudulent ads on social media in Australia, resulting in the removal of thousands of scam pages. As Australians reported over $43 million in losses to social media scams in 2024, the government is also proposing new legislation to hold companies accountable for preventing such fraud.

AnaisOct 02, 2024 5:06 pm

Meta Expands Fraud Initiative with UK Banks to Shield Users from Scams

Meta has expanded its Fraud Intelligence Reciprocal Exchange (FIRE) program to enhance cooperation with UK banks in the fight against scams. This initiative aims to improve fraud detection by sharing important information and data between financial institutions and Meta.

WeatherlyOct 02, 2024 6:00 pm

SEC and Ripple to Fight it Out Again as the Regulatory Agency Files Notice of Appeal: Who Will Emerge Victorious?

The SEC has appealed its case against Ripple Labs, arguing the district court's ruling contradicts Supreme Court precedent and securities law. This follows Judge Analisa Torres' decision that Ripple's institutional sales violated securities laws, but retail sales did not. Who will emerge victorious this time round?

CatherineOct 03, 2024 9:09 am

Character.AI Sparks Disgust and Ire for Using Image of Murder Victim in Chatbot: Is Ethical Oversight Lacking in AI?

Character.AI faces backlash for using the likeness of a murdered teenage victim in a video game without her family's consent. The victim's father and uncle condemned the company, prompting the chatbot's removal and the creator's account suspension. This raises concerns about ethical oversight in AI development.

KikyoOct 03, 2024 11:02 am

30,000 Indians Still Missing in Southeast Asia After Falling for Fake Job Offers, Trapped in Cyber Slavery

Tens of thousands of Indian nationals are falling victim to fake job offers in Southeast Asia, leading to cyber slavery and substantial financial losses of INR 500 crore ($60 million) between October 2023 and March 2024. Many are trapped in Cambodia, where approximately 5,000 Indians are forced into cyber scams, with the Indian Embassy rescuing over 1,000 citizens since January 2022, including 67 recently saved from Poipet on 22 September 2024.

WeatherlyOct 03, 2024 1:28 pm