Britain Sanctions Russia-Linked Crypto Networks And Banks Britain has imposed new sanctions targeting Russia-linked cryptocurrency platforms, banks and financial networks that it says helped Moscow bypass international restrictions linked to the war in Ukraine. The measures, announced on Tuesday, freeze assets and prohibit UK firms from processing payments or maintaining correspondent banking relationships with the sanctioned entities. UK Targets Russia’s Shadow Financial Networks British authorities said the sanctions focus on what they described as “shadow financial systems” supporting Russia’s war economy. Among the primary targets is the Kremlin-backed A7 network, which London accused of helping route funds, finance procurement and…
Author: Arushi Pandey
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Huawei Unveils Tau Scaling Law To Advance High-End Chips Huawei Technologies expects to design high-end chips with transistor density equivalent to 1.4-nanometre processes by 2031, despite U.S. sanctions that have complicated China’s access to advanced semiconductor manufacturing tools. The company revealed the projection on Monday while introducing what it calls the Tau Scaling Law. Huawei described the concept as a new principle for improving chip performance as the semiconductor industry faces growing limits in shrinking transistors through conventional scaling methods. Huawei Introduces New Semiconductor Approach He Tingbo, president of Huawei’s semiconductor business and director of its Scientist Committee, presented the…
SpaceX Launches 29 Starlink Satellites In Sunrise Falcon 9 Mission SpaceX successfully launched 29 Starlink V2 Mini Optimized satellites into low Earth orbit during an early morning Falcon 9 mission from Cape Canaveral Space Force Station in Florida. The launch took place shortly before sunrise on May 21, creating a dramatic “jellyfish effect” across the eastern United States as sunlight illuminated the rocket plume following stage separation. Falcon 9 Carries Starlink 10-31 Mission The Starlink 10-31 mission lifted off from Space Launch Complex 40 at 6:04 a.m. EDT. The Falcon 9 rocket travelled along a north-easterly trajectory as it carried…
Google And Blackstone Launch AI Cloud Venture Alphabet unit Google and Blackstone announced on Monday that they will form a new artificial intelligence cloud venture aimed at meeting surging demand for AI computing services. The U.S.-based partnership will combine large-scale data centre infrastructure with Google’s custom artificial intelligence chips, known as Tensor Processing Units, or TPUs. The companies plan to offer computing power through a compute-as-a-service model for organisations seeking AI capabilities. Blackstone Commits Initial $5 Billion Blackstone will invest an initial $5 billion in equity to support the rollout of 500 megawatts of data centre capacity by 2027. The…
US Charges Telekom Malaysia Executives Over $20 Million Fraud Scheme The United States has charged three senior employees of Telekom Malaysia over an alleged scheme to misappropriate more than $20 million from the Malaysian state telecommunications firm, according to the U.S. Department of Justice. Authorities accused Mohd Hafiz Lockman, Mohd Yuzaimi Yusof, and Khanh Thuong Nguyen, who held senior roles at TM’s U.S. subsidiary, of using forged records and false statements to siphon company funds between July 2020 and February 2026. Alleged Scheme Spanned Several Years According to U.S. prosecutors, the three executives deceived suppliers, counterparties, auditors and supervisors in…
U.S. Jury Rejects Elon Musk Lawsuit Against OpenAI A U.S. jury on Monday ruled against Elon Musk in his lawsuit against OpenAI, finding that the artificial intelligence firm was not liable for allegedly abandoning its original mission to benefit humanity. The unanimous verdict came in federal court in Oakland, California. Jurors concluded that Musk had filed the case too late under California’s statute of limitations. The jury deliberated for less than two hours before reaching its decision. Jury Focuses on Filing Deadline Legal experts said the case largely turned on timing rather than the broader debate surrounding artificial intelligence governance.…
China, US And UAE Arrest 276 Telecom Fraud Suspects Police in China, the United States and the United Arab Emirates arrested 276 telecom fraud suspects during a joint operation targeting scam gangs operating in Dubai, Chinese state broadcaster CCTV reported on Sunday. The operation marked the first coordinated crackdown of its kind between the three countries. Authorities successfully dismantled nine fraud dens linked to transnational telecom scams. According to the report, the suspects allegedly targeted victims through fake cryptocurrency investment schemes and other online fraud tactics. Moreover, the joint effort highlighted growing international cooperation against cyber-enabled financial crimes. Chinese authorities…
Australian Tesla Lawsuit Faces Discovery Clash An Australian judge has questioned whether Tesla is taking the discovery process seriously in a class action involving allegations about phantom braking, battery range and self-driving capabilities. During a Federal Court hearing on Friday, Justice Tom Thawley warned the Elon Musk-led carmaker it could face “a really bad time” if it failed to cooperate fully with the legal process. The class action, brought by Brisbane-based law firm JGA Saddler, represents around 10,000 Australian Tesla drivers. The lawsuit alleges Tesla misled consumers about vehicle performance and autonomous driving functions. Tesla has denied mischaracterising its products.…
U.S. Senate Set To Debate Clarity Act Crypto Bill U.S. senators are preparing to consider long-awaited cryptocurrency legislation this week, marking a significant step towards establishing a formal regulatory framework for digital assets in the United States. The proposed legislation, known as the Clarity Act, is scheduled for discussion on Thursday and could help resolve a prolonged dispute between crypto firms and the banking industry. If enacted, the bill would define how financial regulators oversee cryptocurrencies and digital asset markets, potentially accelerating broader adoption across the sector. Senate Banking Committee To Review Bill Tim Scott, chairman of the Senate Banking…
Canvas Cyberattack Disrupts Schools After Student Data Theft Schools and universities affected by a major cyberattack involving the educational platform Canvas have reportedly contacted hackers in an effort to prevent stolen student data from being released online. The breach, linked to the hacking group ShinyHunters, has disrupted educational institutions across the United States during a critical period as students prepare end-of-year assignments and examinations. Canvas, widely used by schools and universities, supports coursework, communication, and information sharing between students and faculty. ShinyHunters claimed in a May 3 post that it had stolen around 6.65 terabytes of Canvas-related data connected to…