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Cryptocurrency Investors Should be Prepared to Lose All Their Money: BoE Governor

LONDON — Cryptocurrencies “have no intrinsic value” and people who invest in them should be prepared to lose all their money, Bank of England Governor Andrew Bailey said. Digital currencies like bitcoin, ether and even dogecoin have been on a tear this year, reminding some investors of the 2017 crypto bubble in which bitcoin blasted toward $20,000, only to sink as low as $3,122 a year later. Asked at a press conference Thursday about the rising value of cryptocurrencies, Bailey said: “They have no intrinsic value. That doesn’t mean to…

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Facebook Allows Drug Ads to Target Teens, Activists Say

TEENAGERS ON FACEBOOK can be targeted by ads endorsing alcohol, drugs, gambling, smoking, and eating disorders, according to a report by a watchdog group. The Tech Transparency Project created six test ads and submitted them to Facebook, saying it wanted to reach users ages 13 to 17. Facebook approved all the ads within hours, including one promoting pill parties in 43 minutes. “This is an easy fix, and Facebook should have had the foresight to make it a long time ago,” said Tech Transparency Project director Katie Paul. “Whether this…

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Zomato may Invest $100 million in Grofers as e-Grocer Shelves US IPO Plan

Food delivery app Zomato is in talks to invest around $100 million in e-grocer Grofers, two people in the know told ET, after discussions of a possible merger between the two fell through last year at the onset of the Covid-19 pandemic. Zomato’s investment is likely part of a larger financing round and may value the Gurugram-based online grocery firm at around $1 billion, sources said. This time the talks have centred around a capital infusion, unlike last year when Zomato would have likely acquired Grofers in an all-stock deal….

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India’s Smartphone Industry Grew by 23% in Q1; Xiaomi leads, Samsung second

India’s smartphone shipments grew by a robust 23 per cent in the first quarter of calendar year 2021 at over 38 million units, the latest research report by Counterpoint’s Market Monitor has said. This was the highest ever first quarter shipment in the country which was boosted by new product launches, promotions and financial schemes, as well as pent-up demand from last year. Xiaomi led the market in Q1 2021 with a 26% shipment share accounting for five out of the top 10 smartphone models. Samsung was second, logging the…

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Google Assistant adds new features to helps families on Mother’s Day 2021

Ahead of Mother’s Day 2021 on May 9 this year, Google Assistant is bringing a couple of new features for mothers around the world. A new update to the assistance service brings new entertainment content, a family bell feature and a new enhanced broadcast messaging feature. Google announced the new features in a blog post on May 6. Here’s a detailed look at everything new that Google Assistant can now do, that can help not just moms, but the whole family. Enhanced Broadcast Feature The new enhanced broadcast feature lets…

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India’s Cyber Agency Issues High Severity Security Warning for WhatsApp Users

India’s cybersecurity agency has warned WhatsApp users in the country about certain vulnerabilities detected in the messaging app. These vulnerabilities could lead to a breach of sensitive information of WhatsApp users. The CERT-In or the Indian Computer Emergency Response Team has issued a “high” severity rating advisory. The agency has stated that vulnerability has been discovered in software that has “WhatsApp and WhatsApp Business for Android prior to v2.21.4.18 and WhatsApp and WhatsApp Business for iOS prior to v2.21.32.” The CERT-In is the national technology arm that tackles cyber attacks…

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Koo launches ‘TalkTo Type’ feature, to support 22 Indian Languages

Koo, the ‘desi’ version of the microblogging site Twitter, on Tuesday announced a new Talk to Type feature that allows its users to post content on the platform using voice commands. “This ‘Talk to Type’ feature is magical and takes creation for regional language creators to the next level,” said Aprameya Radhakrishna, CEO and Co-founder of Koo. Koo also claims that it is the first social media platform globally to use this feature in the Indian regional and local languages – Hindi, Kannada, Tamil, Telugu, Bengali, and Marathi – apart…

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PUBG to Relaunch in India as Battleground Mobile India

South Korean gaming company Krafton will relaunch the India version of its popular game – PlayerUnknown’s Battlegrounds (PUBG), for mobile users. This will come in a new avatar called Battlegrounds Mobile India. Krafton has not set a timeline for the launch of the mobile multiplayer game in the country. In September last year, PUBG Mobile, which was published in India by Chinese internet giant Tencent, was banned along with other Chinese apps after a prolonged border standoff between the neighbours. Following the ban, PUBG Corp, the subsidiary of Krafton, severed…

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Facebook Plans to Build a ‘Parent-Controlled’ Instagram for Children Under 13

Facebook is building a version of Instagram that will be tailored to children under the age of 13, PEOPLE confirms. “Increasingly kids are asking their parents if they can join apps that help them keep up with their friends,” a Facebook spokesperson tells PEOPLE. “Right now there aren’t many options for parents, so we’re working on building additional products — like we did with Messenger Kids — that are suitable for kids, managed by parents.” Messenger Kids debuted in late 2017 as a privacy-focused app for children, according to Tech…

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Facebook’s Trump Ban Upheld by Oversight Board for Now

Donald Trump’s ban from Facebook and Instagram has been upheld by Facebook’s Oversight Board. But it criticised the indefinite nature of the ban as beyond the scope of Facebook’s normal penalties. It has ordered Facebook to review the decision and “justify a proportionate response” that is applied to everyone, including ordinary users. The former president was banned from both sites in January following the Capitol Hill riots. The Oversight Board said the initial decision to permanently suspend Mr Trump was “indeterminate and standardless”, and that the correct response should be…

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