Gadgets And Technology Daily News | 21 Jun 2023
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Binance, SEC Agree to Keep US Customers' Assets in Country Until Resolution of Lawsuit
Binance, the world's biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. Securities and Exchange Commission to ensure that U.S. customer assets remain in the United States until a sweeping lawsuit filed this month by the regulatory agency is resolved.
The agreement, disclosed in court papers filed late on Friday, still requires the approval of the federal judge overseeing the litigation. To make certain that U.S. customer assets do not go offshore, the agreement allows only Binance.US employees access to these assets.
The SEC on June 5 sued Binance, its CEO and founder Changpeng Zhao and Binance.US's operator, alleging that Binance artificially inflated its trading volumes, diverted customer funds, failed to restrict U.S. customers from its platform and misled investors about its market surveillance controls.
The suit and one filed by the SEC the following day against major U.S. exchange Coinbase represented a dramatic escalation of a crackdown on the industry by U.S. regulators.
Under the agreement, which does not resolve the SEC lawsuit, Binance.US will take steps to make sure that no Binance Holdings officials have access to private keys for its various wallets, hardware wallets or root access to Binance.US's Amazon Web Services tools, the court filings showed.
The SEC said in a statement released on Saturday that the emergency relief order secured for Binance.US customers will protect their assets and ensure that they can continue to withdraw those assets.
"Given that Changpeng Zhao and Binance have control of the platforms' customers' assets and have been able to commingle customer assets or divert customer assets as they please ... these prohibitions are essential to protecting investor assets," Gurbir Grewal, director of the SEC's enforcement division, said in the statement.
A Binance spokesperson said in a statement on Saturday: "Although we maintain that the SEC's request for emergency relief was entirely unwarranted, we are pleased that the disagreement over this request was resolved on mutually acceptable terms. User funds have been and always will be safe and secure on all Binance-affiliated platforms."
Under other provisions in the proposed agreement, Binance.US will create new crypto wallets to which the global exchange's employees have no access, provide additional information to the SEC and agreed to an expedited discovery schedule, the filings said.
The U.S. affiliate of Binance halted dollar deposits last week and gave customers a deadline of June 13 to withdraw their dollar funds, after SEC asked a court to freeze its assets.
© Thomson Reuters 2023
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
YouTube Music’s Popup Alert Fagging Explicit Content Is Hindering Playback: Report
YouTube is taking active steps to ensure that its users are not exposed to any content that may harm them or trigger thoughts related to self-harm or suicide. The alert that flags such content on YouTube Music, however, is beginning to obstruct playback leading to complaints flooding social networking platforms. The issue is occurring on both mobile and Web apps of YouTube Music, as users have claimed in recent days.
According to a report on Android Police, YouTube Music is giving a content warning prompt to listeners if the song queued to be played next contains explicit references. The prompt halts streaming and brings music to a halt, as reported by several reddit users on a YouTube Music Sub Reddit thread cited in the report. The issue seems to be plaguing listers using Bluetooth headphones for music.
“I was very happy with YouTube music until it started to ‘warn' me about themes of suicide and violence. Now I need to accept the warning which leads to the playlist stopping. This only happens with my BT Headset and not my car for whatever reason,” Redditor u/Sherbert-Vast posted on the r/YouTubeMusic thread.
Screenshots of this pop-up have also been shared by irritated YouTube Music users.
“Viewer discretion is advised: The following content may contain suicide or self-harm topics,” the content warning prompt reads, giving them options to either cancel or confirm.
Until the users do not respond to this notification, the playback on YouTube Music reportedly does not resume.
The complaining users have further noted that they cannot seem to find a way to disable this pop-up alert. Despite keeping the Restricted Mode deactivated on YouTube Music's settings, the warnings continue to keep making appearances.
As of now, YouTube Music, which has around 80 million users globally, has not addressed these user grievances.
In March, YouTube Music began showing song credits and detailed album information. A ‘View Song Credits' option was reportedly rolled-out as part of the in-built choices YouTube Music gives its users — like the option to add the song to the playlist or to share it with others via social networking platforms.
YouTube Music also plans to add a podcast-focused service to its offerings in a bid to strengthen its position as a competitor to Spotify. Earlier this year, Kai Chuk, the head of podcasting at YouTube, revealed the platform's podcast-related plans during a recent event. For now, Chuk skipped on providing an exact timeline for the rollout of YouTube's planned podcast services.
OnePlus 12, OnePlus Ace 2 Pro Display Specifications Leaked; Could Sport Curved OLED Displays: Report
OnePlus will reportedly unveil the next generation of its numbered series of smartphones, the OnePlus 12, later this year in China. While little is known about OnePlus' next flagship, the purported smartphone's display specifications have emerged along with details on the OnePlus Ace 2 Pro, which could debut in China soon. The phones' specifications have emerged on the Chinese microblogging website Weibo. Earlier this year, the Chinese smartphone company launched the OnePlus 11 in the global market whereas the OnePlus Ace 2 was unveiled in China only.
Other expected specifications of the phones were also leaked previously.
A report by MySmartPrice via tipster Digital Chat Station suggests the display specifications of the OnePlus 12 as well as OnePlus Ace 2 Pro. The OnePlus 12 is tipped to sport a 2K OLED display sourced from Samsung Display Corporation. It is also said that the phone will have a curved edge display as well as a centrally positioned hole-punch cutout at the top. Additionally, the handset's display is also expected to support a 120Hz refresh rate and a QHD+ resolution.
The report also adds that the OnePlus 12 could be powered by a Qualcomm Snapdragon 8 Gen 3 SoC launching later this year in October. Hence, the OnePlus 12 is expected to debut in China by the end of 2023.
On the other hand, the OnePlus Ace 2 Pro will reportedly ship with a BOE's 1.5K OLED display with a resolution of 1240 x 2772 pixels. The display is rumoured to sport curved edges and a centrally aligned hole-punch cutout.
The OnePlus 12's specifications were leaked previously as well, backing up details from the new reports. According to a previous report, the OnePlus 12 will feature a 6.7-inch OLED display with a quad-HD resolution and a 120Hz refresh rate. The phone was also tipped to feature a Qualcomm Snapdragon 8 Gen 3 SoC, which is said to have the model number SM8650, under the hood.
Nokia G42 5G, Nokia G310 5G Bag Bluetooth SIG Certification; Specifications Leak Ahead of Debut: Details
Nokia G42 5G and Nokia G310 5G have recently appeared on the Bluetooth SIG database revealing some of the key specifications of these new G-series smartphones. As per the listing, the phones will support Bluetooth 5.1 connectivity. Both smartphones will reportedly ship with an LCD display with HD+ resolution and Gorilla Glass 3 protection. However, Nokia is yet to officially reveal the specifications and launch timeline of both smartphones. Recently, the Nokia C300 was launched in the US in the entry-level segment alongside the Nokia C110.
Tipster Mukul Sharma (Twitter @Stufflistings) has shared the expected specifications details of the purported Nokia G42 5G and Nokia G310 5G. The phones were spotted on the Bluetooth SIG database with model numbers TA-1591/ TA-1581 and TA-1573. Both smartphones will reportedly carry similar specifications including a 6.5-inch HD+ (720 x 1,612 pixels) LCD display with a 90Hz refresh rate, a waterdrop-style notch, and up to 560 nits of peak brightness.
Additionally, the phones are also tipped to feature Gorilla Glass 3 protection. They are expected to be powered by a Snapdragon 480 Plus 5G SoC under the hood. The Nokia G42 5G and Nokia G310 5G will run on Android 13 OS out-of-the-box, the tipster suggests.
Apart from these, the listing also reveals that the upcoming Nokia G-series phones will support Bluetooth 5.1 connectivity. As previously mentioned, the company is yet to officially reveal details of both smartphones, including pricing and availability.
Earlier this month, Nokia launched two C-series smartphones in the US in the entry-level segment. The phones come preloaded with Android 12. The Nokia C300 sports a 6.52-inch HD+ (1600 x 720 pixels) LCD display, while the Nokia C110 features a 6.3-inch HD+ (1560 x 720 pixels) LCD screen. Meanwhile, the Nokia C300 and Nokia C110 are powered by Qualcomm Snapdragon 662 and MediaTek Helio P22 SoCs, respectively.
Jack Dorsey Pledges $5 Million Towards Growth, Development of Bitcoin Ecosystem: Details
A lot was said about the Bitcoin ecosystem being left behind in the game when the Etheruem blockchain transitioned into an eco-friendly proof-of-stake (PoS) mining model last year. While Bitcoin has managed to maintain its hegemony in the crypto kingdom, the Bitcoin blockchain ecosystem still has a margin to compete with the likes of other popular blockchains like Ethereum, Solana, and Polygon. Former Twitter CEO Jack Dorsey has decided to pledge $5 million (roughly Rs. 41 crore) to support the development of the overall Bitcoin ecosystem.
Dorsey's grant-making organisation called Start Small will be wiring yearly amount of $1 million (roughly Rs. 8 crore) to Brink, a Bitcoin-focussed non-profit organisation over the period of five years, a report by CryptoPotato said.
Bitcoin is a promising “truly censorship resistant” technology, Dorsey had said in a recent tweet earlier this week.
Bitcoin and nostr are the only two truly censorship resistant technologies at scale. https://t.co/0O1oihSRaz
Bitcoin, unlike many other blockchains, is not headed by one founder, foundation, or organisation with a financial stake. Charity and donations directed towards Bitcoin developers help them maintain and advance its codebase.
The Bitcoin blockchain is public. Despite the anonymity of the users, all transactions on the network are accessible to the public, making it difficult to hack or cheat the system.
Decentralised in nature, the Bitcoin network is distributed and has thousands of nodes all over the world that keep track of all transactions being initiated on the system. This reportedly ensures that in case something goes wrong on one server, there are others to pick up the slack. Hacking into any one server is pointless.
Previously also, Dorsey has donated funds to grow the Bitcoin ecosystem.
In 2021, Dorsey along with singer, rapper Jay-Z initiated a trust fund to propagate Bitcoin development in India and South Africa. The trust fund was worth BTC 500 or $13 million (roughly Rs. 110 crore).
In fact, last year, the former Twitter chief also launched a fund to help BTC developers deal with lawsuits.
Brink, meanwhile, was founded in 2020 with generous financial support from John Pfeffer and Wences Casares
“Brink exists to strengthen the Bitcoin protocol and network through fundamental research and development, and to support the Bitcoin developer community through funding, education, and mentoring,” the official website of Brink says about itself.
Funded 100 percent by donations and BTC enthusiasts, Brink aims to support and mentor new contributors to open-source Bitcoin development through its fellowship program.
As of now, Bitcoin developers have not said if they are looking to transition Bitcoin's Proof-of-Work mining model into a more energy efficient PoS mode.
OnePlus Nord 3 India Launch Officially Teased to Take Place in July: All Details
OnePlus has yet to officially start teasing fans about its upcoming Nord series smartphone, but a new post on its community forum seems to have inadvertently released some information about the same. The OnePlus Nord 3 is expected to be the successor to the OnePlus Nord 2T 5G, which was launched in India last year as a mid-range smartphone. While there have been unofficial reports about the phone arriving in India in July, there's now an official post confirming the launch.
OnePlus recently put out a post for its “The Lab” campaign that basically lets tech enthusiasts review its handsets ahead of an official launch. The post finally confirms that the phone will be called the OnePlus Nord 3. It also explains that those who join the program will need to submit reviews of the shared handsets by July, which is when the reviews will go live. OnePlus did not give out a specific date. As a part of its Lab program OnePlus will only be hand-picking six users to review its upcoming Nord product.
The OnePlus Nord 3, as per a previous report was expected to be released in June. The report also contained leaked images of what was said to be the OnePlus Nord 3 along with its packaging.
According to a more recent report, the OnePlus Nord 3 was spotted with a MediaTek Dimensity 9000 SoC on a Geekbench website, that also suggested other key specifications like the presence of a variant with 16GB of RAM. The phone managed a score of 1,153 points and 3,180 points in Geekbench's single and multi-core tests respectively in a test conducted on June 8.
The phone could be a rebadged version of the OnePlus Ace 2V, which was launched in China earlier this year. The smartphone has a 6.74-inch 2.5D AMOLED display with a full-HD+ resolution. It gets three rear cameras including a 64-megapixel primary camera, an 8-megapixel ultra-wide camera, and a 2-megapixel macro camera. A 16-megapixel camera is in charge of selfies. The phone offers up to 16GB of RAM and 512GB of storage. There's a 5,000mAh battery that supports up to 80W wired charging.
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