wordpress blog stats
Connect with us

Hi, what are you looking for?

TLDR: Sequoia Capital, WhatsApp fake IDs, bitcoin fraud, Wikipedia editors, Intel’s AI tool

Sequoia Capital addresses fraud allegations against portfolio startups

At a time when three of its portfolio startups (Trell, BharatPe, and recently Zilingo) are mired in embezzlement accusations, VC firm Sequoia Capital India has responded by vowing to take proactive steps to do more to drive increased compliance, TechCrunch reported. It outlined a few of these steps as holding “governance trainings for founders and senior management, implementation of whistleblower policies, more independent board representation, asking for more disclosures and more rigorous adoption of internal audits and controls.”

ED ramps up probe into Pune bitcoin fraud case

As part of its investigation of a 6 crore bitcoin fraud case, Enforcement Directorate (ED) officials sought information from the office of Pune’s Commissioner of Police (CP). Interestingly, the case involves two cyber experts who were roped in by the city police to assist in another probe of a 2,000 crore cryptocurrency scam. But the experts tasked with recovering the stolen crypto allegedly turned around and pocketed 1,137 bitcoins for themselves, according to a Hindustan Times report.

Bengaluru cops to keep an eye out for speeding delivery workers

Traffic police in Bengaluru will not ignore road violations by delivery workers who are racing to hand over packages in ten minutes or less. “We will soon start issuing them notices,” traffic police chief BR Ravikanthe Gowda was quoted as saying by Deccan Herald. This comes at a time when quick commerce startups are promising customers shorter and shorter timelines for delivery, in turn, triggering a debate on the protections offered to gig workers.

Read: Lok Sabha MP Karti Chidambaram Demands Stringent Gig Economy Regulation In Parliament

Scammers masquerading as police officials on WhatsApp

Fraudsters are using fake WhatsApp IDs created using pre-activated SIM cards to dupe people into providing an OTP sent to their phones or furnishing personal details, Himachal Pradesh Police warned in a tweet. “They use VPN or double server proxy while calling or messaging from WhatsApp to commit these crimes, making it tedious and complicated to trace them,” the tweet said.

Advertisement. Scroll to continue reading.

What’s been happening with the Indian government’s app store?

The Indian government’s Mobile Seva app store is ignored by users and app-makers alike, ten years after it was rolled out, Mint reported. Currently, only 1,058 apps are available for installation on Mobile Seva but a majority of them are government apps with the notable exceptions of Paytm and Koo. A lack of promotions and OEM tie-ups are reasons to blame for the sluggish adoption of Mobile Seva, as per the report.

Wikipedia editors come out against crypto donations

A total tally of 232 Wikipedia editors voted in favour of a proposal for the Wikimedia Foundation to stop accepting donations in cryptocurrencies, according to a Wired report. Issues of environmental sustainability were among several reasons highlighted by a majority of the community that gave their input.

Intel’s AI-based teaching tool raises alarm

Intel and Classroom Technologies (a virtual school software startup) have come up with an AI-based software tool in order to determine whether students are bored, distracted, or confused in Zoom classrooms, Protocol reported. But the use of “emotion AI” tech in classrooms has drawn flak from educators and advocacy groups alike.

Activision plays ball with federal investigators

Activision Blizzard is cooperating with US federal investigations into trading by friends of its chief executive shortly before the gaming company disclosed its sale to Microsoft, the Call of Duty parent company revealed in a securities filing recently.

Advertisement. Scroll to continue reading.

MetaMask has a word of caution for Apple users

“If you have enabled iCloud backup for app data, this will include your password-encrypted MetaMask vault. If your password isn’t strong enough, and someone phishes your iCloud credentials, this can mean stolen funds,” the crypto wallet provider warned in a Twitter thread. This comes at a time when an NFT collector’s entire wallet containing $650,000 worth of digital assets and NFTs was reportedly swiped in a similar manner.

Also Read:

Have something to add? Post your comment and gift someone a MediaNama subscription.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...

News

Releasing the policy is akin to putting the proverbial 'cart before the horse'.

News

The industry's growth is being weighed down by taxation and legal uncertainty.

News

Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.

News

Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ