PayPal Granted Green Light For Crypto Services In The UK
In a recent development, PayPal has been registered by the Financial Conduct Authority (FCA) to offer crypto asset activities in Britain. This move comes as PayPal establishes a post-Brexit base in the UK, reflecting its commitment to serving the British market. According to a Reuters report, the crypto market in the UK awaits its first set of regulations; companies seeking to offer crypto assets must demonstrate to the FCA that they have robust safeguards to prevent money laundering and financing…
Jordan, key US ally, recalls its envoy from Israel in protest over the “humanitarian catastrophe”
Jordan, a key US ally, said Wednesday it has recalled its ambassador from Israel and told Israel’s ambassador to remain out of the country in protest over the “humanitarian catastrophe” in Gaza. Jordan’s deputy PM said the return of the ambassadors is linked to Israel “stopping its war on Gaza … and the humanitarian catastrophe it is causing.” Jordan signed a peace deal with Israel in 1994. Meanwhile, Bolivia said on Tuesday it had broken diplomatic ties with Israel because…
Unprecedented Cyber Breach via MOVEit Software Rattles Multiple Sectors
In a devastating cyberattack that unfolded over three days in May 2023, numerous victims fell prey to a large-scale intrusion. The attackers exploited a vulnerability in MOVEit, a managed file transfer software, sending shockwaves across various sectors. Government agencies, airlines, educational institutions, financial organizations, and healthcare providers found themselves in the crosshairs of this breach. The attackers absconded with sensitive data, including credit card information, personally identifiable information (PII), and social security numbers (SSNs). In a startling revelation, Bloomberg reported…
Gaza’s only cancer hospital goes out of service – health officials
DUBAI: The only cancer treatment hospital in the Gaza Strip has gone out of service after it ran out of fuel, health officials said on Wednesday. The director of the Turkish-Palestinian Friendship hospital told a press conference aired by Al-Jazeera TV that the hospital, which mainly treats cancer patients, had used up its fuel and was now out of service. “We tell the world don’t leave cancer patients to a certain death due to the hospital being out of service,”…
Telecom Sector Sees Major Layoffs Despite Historic Stretch Of Tax Breaks, Regulatory Favors
The Trump era was very, very good to the country’s giant telecom monopolies. Trump officials doled out billions in tax breaks (AT&T nabbed $42 billion alone) and billions more in poorly tracked subsidies. It also approved anticompetitive mergers without even reading the details, and handed out all manner of regulator favors like the dismantling of net neutrality or the elimination of media consolidation rules. In absolutely every instance telecoms like AT&T and Comcast claimed these efforts would boost broadband deployment…
Taiwan detects 43 Chinese warplanes around island
More than 40 Chinese warplanes were detected around Taiwan in a day, the self-ruled island’s defence ministry said on Wednesday. Beijing claims democratic Taiwan as its own territory to be seized one day, by force if necessary, and has ratcheted up military and diplomatic pressures on the island this year. Taiwan’s Ministry of National Defence said in a daily statement that 43 Chinese aircraft and 7 naval vessels were detected around the island in a 24-hour period leading up to 6:00…
Russian Hackers Accessed 632,000 Emails From Pentagon, Other Agencies: Report
Hackers have accessed approximately 632,000 emails from the Department of Defense and other federal agencies this year, the US Office of Personnel Management (OPM) confirmed. The report detailed a large-scale cyberattack in May 2023 in which emails from US government offices, private sectors, airlines, and academic entities were accessed by a suspected Russian group called “CL0P.” Alongside electronic personal data, the actors breached internal tracking codes and government employee survey links issued by agencies. Through File Transfer Software The cybercriminals…
US to build new nuclear gravity bomb
WASHINGTON — The U.S. Defense Department on Friday announced the government is moving forward with developing a new version of the B61 nuclear gravity bomb. The bomb, designated B61-13, would have a yield similar to the B61-7 and replace some of those older gravity bombs, the Pentagon said in its announcement. The B61-7′s yield is higher than the B61-12, the most recent bomb being added to the military’s arsenal. The Pentagon said the decision to build this weapon was made…
Israeli air and ground strikes intensify in Gaza; internet collapse cuts territory off from outside
DEIR AL-BALAH: Internet and phone services collapsed in the Gaza Strip under intensified Israeli bombardment Friday night, largely cutting off its 2.3 million people from the outside world and each other, as Israel’s military said it was “expanding” ground operations in the besieged territory. The military’s announcement signaled it was moving closer to an all-out invasion of Gaza, where it has vowed to crush the ruling Hamas militant group after its bloody incursion in southern Israel three weeks ago. Explosions…
Sam Bankman-Fried denies taking denies $10bn customer funds theft in testimony at fraud trial
FTX founder Sam Bankman-Fried began testifying at his fraud trial on Friday, saying the innovative business he hoped would move the cryptocurrency ecosystem forward ended up doing the opposite and hurting customers. The onetime cryptocurrency golden boy lost his businesses and his reputation as a pioneering entrepreneur in an emerging facet of finance when a rush of customers withdrew their money last year, exposing that billions of dollars were missing. Bankman-Fried, 31, acknowledged some of his failures early in his…
Lockdown in Maine as search for mass shooter continues
NEW DELHI: Residents of Maine had to remain locked inside their homes for the second consecutive night as law enforcement agencies launched an extensive search for Robert Card, the man believed to be responsible for the worst mass shooting in the state’s history which claimed 18 lives at a bowling alley and a bar. According to an AP report, much of Thursday’s efforts centered on a property owned by one of Card’s relatives in rural Bowdoin, where numerous heavily armed…
US Air Force Launches Two Electronic Warfare Detachments
The US Air Force (USAF) has launched two new detachments at Robins Air Force Base in Georgia to bolster the force’s electronic warfare capability. Detachments from the 350th Spectrum Warfare Wing (SWW) and the 87th Electronic Warfare Squadron (EWS) will be tasked with responding to electronic threats by developing new countermeasures. The launch is part of the standup process for the future 950th Spectrum Warfare Group, which will further assess the USAF’s combat readiness and effectiveness in electronic warfare. Two…
US Strikes Two Sites Used by Iranian Forces in Syria: Pentagon
The US military struck two facilities in eastern Syria used by Iran’s Islamic Revolutionary Guard Corps (IRGC) and affiliated groups, Defense Secretary Lloyd Austin said Thursday. “The precision self-defense strikes are a response to a series of ongoing and mostly unsuccessful attacks against US personnel in Iraq and Syria by Iranian-backed militia groups that began on October 17,” he said in a statement. One US citizen contractor died from a cardiac incident during the attacks, and 21 US military…
Millions of American families struggle to get food on the table, report finds
Just putting three meals a day on the table was a struggle for millions of people in the U.S. last year. That’s the sobering conclusion of a new report from the U.S. Department of Agriculture, which found hunger in the U.S. rose sharply in 2022. The report found that 44.2 million people lived in households that had difficulty getting enough food to feed everyone in 2022, up from 33.8 million people the year prior. Those families include more than 13…
Al Jazeera journalist’s family killed in Israeli airstrike
According to Al Jazeera, their Gaza bureau chief, Wael Al Dahdouh, tragically lost his wife, son, daughter, and grandson in an Israeli airstrike that occurred on Wednesday. The explosion targeted a residence in the Nuseirat refugee camp, located in central Gaza, where the family sought refuge following their displacement. “Members of the family of our colleague Wael Al Dahdouh, including his wife, son, and daughter, were martyred in an Israeli bombing,” Al Jazeera wrote in an on-air message. Al Jazeera…
Maine mass shooting suspect is an Army reservist
Editor’s note: This is a developing story and will be updated as additional information becomes available. Law enforcement officials have issued an arrest warrant for a 40-year-old Bowdoin, Maine man who is also a currently serving Army reservist, charged in the multi-location mass shooting Wednesday in Lewiston, Maine that left 18 people dead. Sgt. 1st Class Robert R. Card II is a petroleum supply specialist in the Army Reserve who enlisted in December 2002, according to Army spokesman Bryce Dubee,…