Net Giants including Facebook, Telegram & Signal, are planning to roll out new cryptocurrencies

SAN FRANCISCO — Some of the world’s biggest internet messaging companies are hoping to succeed where cryptocurrency start-ups have failed by introducing mainstream consumers to the alternative world of digital coins. The internet outfits, including Facebook, Telegram and Signal, are planning to roll out new cryptocurrencies over the next year that are meant to allow users to send money to contacts on their messaging systems, like a Venmo or PayPal that can move across international borders. The most anticipated but secretive project is underway at Facebook. The company is working…

Read More

Global Consumer Internet of Things (CIoT) Market to hit USD 143.5 Billion By 2025

Internet of things

New York, NY, Feb. 26, 2019 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Consumer Internet of Things (CIoT) Market by Node Component (Sensor, Logic Device, Processor, Connectivity IC, and Memory Device), by Network Infrastructure (Storage, Gateway, Ethernet Switch and Routing, and Server), by Solution (Software and Platform), and by Application (Home Security and Smart Domestic, Wearable Technology, Personal Healthcare, Asset Tracking, Smart Office, Smart Homes, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global consumer internet of things (CIoT)…

Read More

Co-creation Hub’s Design Lab in Kigali, Rwanda wants to own local problems

The launch of Co-creation Hub’s Design Lab in Kigali, Rwanda last week was important in many ways. The ‘CcHUB Design Lab’ is a revolutionary vision from the hub, and will be key to tackling some of Africa’s socio-economic problems. Designers and engineers at the lab will also be working with scientists from around the world to design solutions for some of Africa’s biggest issues in public health, education, governance, and the private sector. It is often said that “African problems require African solutions,” a phrase coined by Ghanaian economist George Ayittey.…

Read More

Mobile App ‘State of Mobile 2019 Report’

Nigeria proposes law to tax local online purchases

Global app store consumer spend reached $101 billion in 2018, up 75 percent from 2016. This figure is expected to exceed $120 billion in 2019, according to mobile data and analytics provider App Annie. The company released its annual The State of Mobile in 2019 Report — a comprehensive guide for businesses looking at mobile. Screenshot from App Annie 2019 Annual State of Mobile Report China accounted for nearly 40 percent of total consumer spend in 2018. Globally, on a category level, games accounted for 74 percent of consumer spend…

Read More

WhatsApp to limit text to 5 individuals or groups to reduce fake news

WhatsApp launches end-to-end encryption on messages for all its users

n its efforts to fight fake news and it’s spread, Facebook-owned messaging service WhatsApp has announced that it has globally lowered the forward limit for chats to five contacts or groups. “We’re imposing a limit of five messages all over the world as of today,” Victoria Grand, vice president for policy and communications at WhatsApp, said at an event in the Indonesian capital. Before, WhatsApp allowed users globally to forward messages for up to 20 chats (either individuals or groups). VentureBurn reports that WhatsApp first initiated the lower limit in India back…

Read More

Facebook handed over 150 companies intrusive access to your data

Facebook gave over 150 companies almost unfetted intrusive access to users’ data than previously admitted, exempting them from its usual privacy rules, according to the New York Times. It has emerged that companies like Amazon, Apple, Microsoft, Netflix, Spotify, and Yandex had special arrangements to retain access to users’ data (and data on their friends), despite platform changes in 2014 that restricted the practice. For example: — Netflix and Spotify were able to read users’ private messages — Microsoft had access to the names of virtually all users’ friends, without consent…

Read More

The gift that keeps on taking, Bitcoin sinks again… below $4,000

banking security

The blood letting is not stopping soon as Bitcoin plunges once again over the weekend and is now trading for less than $4,000 for the first time since September 2017. The cryptocurrency fell to as low as $US3,519.94($4,874) on the Bitstamp platform, after earlier falling to a 14-month low of $3,462,57. It has lost 74 percent of its value so far this year, after hitting nearly $20,000 in December last year. Most other cryptocurrencies are faring just as poorly or worse, and in total, more than $700 billion in market…

Read More

Nearly half of young users have deleted Facebook, Pew survey shows

Pew surveyed more than 3,400 U.S. Facebook users in May and June, and found that a whopping 44 percent of those ages 18 to 29 say they’ve deleted the app from their phone in the last year. Some of them may have reinstalled it later. Significant shares of Facebook users have taken steps in the past year to reframe their relationship with the social media platform. Just over half of Facebook users ages 18 and older (54%) say they have adjusted their privacy settings in the past 12 months, according…

Read More

Instagram implements artificial intelligence tools to beat cyber bullies

Instagram is betting on artificial intelligence weapons to battle cyber bullying, using AI to scan photos for abusive content at the Facebook-owned service. Instagram chief Adam Mosseri Tuesday said artificial intelligence is being used to detect signs of bullying and then automatically flag content for review by staff from the image-oriented social network. “This change will help us identify and remove significantly more bullying,” Mosseri said in a blog post. ” Online harassment is a big problem, with 40 percent of all people on the internet having reported experiencing some form of…

Read More

Net giants urge court to reinstate repealed net neutrality rules

Representatives of internet giants like Facebook, Google and Amazon on Monday urged a federal appeals court to reinstate the Federal Communications Commission’s (FCC) net neutrality rules. Net neutrality rules, ideally prohibited internet service providers from blocking, throttling or prioritizing most web traffic. The FCC officially repealed in June causing a huge outrcry. The Internet Association (IA) and the Computer and Communications Industry Association (CCIA), two of Silicon Valley’s most prominent trade groups, filed in support of a lawsuit against the FCC for its repeal of the 2015 regulations late last year.…

Read More