- A + A NEW YORK/WASHINGTON (Aug 8): A popular cryptocurrency service that allows users to mask their transactions was sanctioned by the US Treasury Department based on evidence North Korean hackers relied on it to launder illicit gains, officials announced on Monday. Tornado Cash, a type of anonymizing virtual currency exchange designed to preserve the privacy of blockchain users, has laundered more than US$7 billion in virtual currency, a senior Treasury official said in a press conference. North Korea’s Lazarus Group has laundered US$450 million through Tornado Cash, according to the official. It was also used to launder almost US$100 million in the June hack of the Harmony Bridge, a platform that allows crypto trading between blockchains, the official said. Tornado Cash, which was created in 2019, couldn’t immediately be located for comment. Administration officials declined to provide details on where Tornado Cash is based or who is behind it. The Treasury … [Read more...] about Crypto mixer Tornado Cash sanctioned by US Treasury Department
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Guan Eng trial: Zarul denies sole reason he paid Gnanaraja RM19m was to avoid money laundering charges
Lim is accused of using his position as Penang chief minister to solicit a 10% cut from the Penang undersea tunnel project's profit from Zarul Ahmad, in return for securing the project for Zarul Ahmad's company. (Photo by Zahid Izzani Mohd Said/The Edge) - A + A KUALA LUMPUR (Aug 8): The star witness in the Lim Guan Eng undersea tunnel graft trial testified on Monday (Aug 8) that avoiding being charged with money laundering was not the only reason he paid former businessman G Gnanaraja RM19 million. During cross-examination by Lim's lead counsel Gobind Singh Deo, Consortium Zenith Construction Sdn Bhd senior director Datuk Zarul Ahmad Mohd Zulkifli disagreed with the lawyer that that was the sole reason he paid Gnanaraja. “That is not the only reason,” Zarul Ahmad, the 23rd prosecution witness, replied. Zarul Ahmad stood his ground when pressed further by Gobind on the matter. Gobind: Gnanaraja had threatened you with Anti-Money Laundering Act (AMLA) … [Read more...] about Guan Eng trial: Zarul denies sole reason he paid Gnanaraja RM19m was to avoid money laundering charges
CEOs and business leaders sound off on the most indispensable tech tools
As the likelihood of a recession grows stronger, businesses are figuring out how to survive economic uncertainty . One thing most folks are doing is reevaluating expenses. advertisement advertisement Software subscriptions that once felt necessary might seem like nice-to-haves now. But how do you determine which apps to keep and which you can press pause on? To help businesses determine the value of different tech solutions, we at Terkel asked CEOs and business leaders: What are the technologies and software that are indispensable for your business, even during a recession? Here are their answers. 1. Competency-based assessment technology “Using competency-based, job-specific assessment technology is an absolute must for anyone looking to uplevel their hiring. Getting beyond the interview and into the heart and soul of your candidates can give you a truer gauge of can they do the job and thrive as a member of your team. advertisement … [Read more...] about CEOs and business leaders sound off on the most indispensable tech tools
Maroon 5 set to rock PH fans for 6th time in December
Maroon 5 American pop-rock band Maroon 5 is set to hold its sixth concert in Manila on Dec. 8 at SM Mall of Asia Arena. Mounted by Live Nation Philippines, the upcoming show is part of the Grammy-winning group’s 12th world series “2022 Tour” (also previously known as “2020” and “2021”). The Philippines is one of five countries included in the recently announced Asian leg, which will conclude the tour. “We look forward to seeing you at the end of the year!” the band said in an Instagram post. General public ticket-selling goes on sale on Aug. 6 at 10 a.m. via the SM Tickets website and outlets; call 8470-2222. Meanwhile, members of Live Nation Philippines will have a chance to purchase tickets earlier through an exclusive online window on Aug. 5 at 10 a.m. to 11:59 p.m. at www.livenation.ph. The tour—which kicked off in Mexico City on Feb. 2020, in support of Maroon 5’s seventh album, “Jordi”—was postponed the following month because of the COVID-19 pandemic, before … [Read more...] about Maroon 5 set to rock PH fans for 6th time in December
‘Storm is gathering’ – Singapore PM warns of risk of US-China miscalculation
FILE PHOTO: Singaporean Prime Minister Lee Hsien Loong arrives for the Leaders’ Retreat, on the sidelines of the Commonwealth Heads of Government Meeting at the Intare Conference center in Kigali, Rwanda June 25, 2022. Dan Kitwood/Pool via REUTERS SINGAPORE — Singapore Prime Minister Lee Hsien Loong on Monday warned of the scope for miscalculations over tensions in the Taiwan Strait, which he said were unlikely to ease soon amid deep suspicion and limited engagement between the United States and China. In a televised address ahead of the city-state’s national day on Tuesday, Lee said Singapore would be buffeted by that intense rivalry and tension in the region, which should prepare for a future less peaceful and stable than now. “Around us, a storm is gathering. US-China relations are worsening, with intractable issues, deep suspicions, and limited engagement,” Lee said. “This is unlikely to improve anytime soon. Furthermore, miscalculations or mishaps can easily make things … [Read more...] about ‘Storm is gathering’ – Singapore PM warns of risk of US-China miscalculation
HDFC hikes retail prime lending rate on housing loans by 25 bps from August 9
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Mortgage financier Housing Development and Finance Corporation (HDFC) on August 8 announced a quarter of a percentage hike in the retail prime lending rate (RPLR) on housing loans. The benchmark lending rate for home loans has been raised by 25 basis points, as per a regulatory filing. The new rate will come into effect from August 9, HDFC said. "HDFC increases its retail prime lending rate (RPLR) on Housing loans, on which its adjustable rate home loans (ARHL) are benchmarked, by 25 basis points, with effect from August 9, 2022," it informed the stock exchanges. The announcement comes around a week after HDFC raised the RPLR by 25 bps, with effect from August 1 . The key lending rate has been increased six times since May this year. It has been cumulatively hiked by 140 bps. … [Read more...] about HDFC hikes retail prime lending rate on housing loans by 25 bps from August 9
High-Profile Investment Firm Suffers $23 Billion Loss On Big Tech
Japanese technology investment firm SoftBank Group Corp. lost more than $23 billion dollars in the second quarter of 2022, according to The Wall Street Journal. The massive losses have already led to a pivot in investment strategy, with subsidiary Vision Fund approving only $600 million in new investments during the first quarter, $20 billion less than the same time last year, according to Reuters . In conjunction with a slowdown in investments, Chief Executive Officer Masayoshi Son announced that there would be significant cost cuts, including layoffs, the WSJ reported. (RELATED: ‘Market Crash’: Robinhood Announces More Layoffs As Crypto Trading Tanks) “I have no choice but to cut a significant number of employees at the Vision Fund,” he said at a press conference according to the WSJ. He said the company needed to undergo “cost cuts with no sacred cows.” SoftBank’s technology stocks have fallen from inflationary pressures and rising interest rates from central banks … [Read more...] about High-Profile Investment Firm Suffers $23 Billion Loss On Big Tech
The Best New Movies And Shows To Stream On Netflix, Hulu, Amazon, HBO, Apple TV+, Paramount+ And Disney+ This Week
Share to Twitter Share to Linkedin If you’re like me, then you have multiple subscriptions to several different streaming platforms—which are all constantly adding new movies. Which begs the question each successive week: What do I watch? For me, it helps to have all of those new films in one place. So in this article, I’ll run through the biggest new movies on major stream platforms, such as Netflix NFLX , Amazon AMZN Prime, Hulu, HBO, Disney+, Apple AAPL TV+, Peacock, and Paramount+. At the end of the article, you can find a full list of all the new films available to stream this week. Sonic the Hedgehog 2 (Amazon Prime) After settling in Green Hills, Sonic is eager to prove that he has what it takes to be a true hero. His test comes when Dr. Robotnik returns with a new partner, Knuckles, in search of a mystical emerald that has the power to destroy civilizations. Sonic teams up with his own sidekick, Tails, and together they … [Read more...] about The Best New Movies And Shows To Stream On Netflix, Hulu, Amazon, HBO, Apple TV+, Paramount+ And Disney+ This Week
REVIEW: They/Them Has Strong Leads And Stronger Potential, But It Fails To Land
Share to Twitter Share to Linkedin Sometimes a movie has everything going for it: a wonderful cast, a top tier writer behind it, some great ideas, and a premise that’s literally to die for. Sometimes, despite all that, the film fails to find its roots and land its premises anyway. They/Them , from writer/director John Logan, is unfortunately one of those. It has everything going for it, but a few thematic, plot, and structural issues hamper what could have been an era-defining slasher. In They/Them , the feature directorial debut of John Logan (who penned a number of films, including Gladiator , The Aviator , and much more), a group of young LGBTQ folks arrive at a gay conversion camp, led by Owen Whistler (Kevin Bacon). Campers Jordan (Theo Germaine), Alexandra (Quei Tann), and more struggle through the increasingly threatening camp atmosphere, and that’s before a mysterious killer starts hacking through various camp residents. A number of the … [Read more...] about REVIEW: They/Them Has Strong Leads And Stronger Potential, But It Fails To Land
Bridging The Priority Divide
Share to Twitter Share to Linkedin Juliet Anammah is Jumia Group Chief Sustainability Officer and Chairwoman of Jumia Nigeria The United Nations projects that by 2050, the world population will be 9.7 billion . That is 9.7 billion people to feed, clothe, house, educate, keep safe and entertain. And all this must be done on the same planetary space that housed only 1 billion people just over 200 years ago in the year 1800. In simple terms, collectively, we need to produce almost 10 times more output on the same ‘factory’ space (the earth’s surface) and use fewer natural resources to do it than we did in 1800. Reflect on that for a moment and it’s clear that this is a gargantuan task for humanity. Think of new products, methods and technologies that will come from how we grow food to how we handle waste. As a chief sustainability officer, I believe that until a better economic model emerges in the future, investment capital will need to be deployed … [Read more...] about Bridging The Priority Divide