Opay closure hoax: How to identify fake financial messages, avoid online scams
By Islamiyyah Adekanbi The circulation of a fake notice claiming that fintech company OPay would suspend its operations has highlighted the need for members of the public to verify financial information before acting on or sharing it.The notice, which circulated on WhatsApp and other social media platforms, urged OPay customers to withdraw their funds ahead […]
China’s Xiaomi soars as US judge lifts it from backlist
Shares in Chinese smartphone maker Xiaomi surged more than 10 percent in Hong Kong on Monday after a US judge removed it from a blacklist that barred American companies from investing in it. The firm’s stock price has been hammered since mid-January when Donald Trump, in his last days in office, included it in a […]
Bitcoin passes $60,000 for first time
Bitcoin passed the $60,000 mark for the first time on Saturday, with analysts saying the giant US stimulus package helped boost the world’s most popular virtual currency on its record-breaking run. The cryptocurrency hit $60,197 at 1234 GMT and continued to hover around $60,000, according to the website CoinMarketCap. Bitcoin has tripled in value over […]
New ransomware strain exploits Microsoft Exchange security flaw
A new strain of ransomware has emerged which exploits a security flaw in Microsoft Exchange servers, signalling potentially damaging consequences from a high-profile hack. Microsoft and other security researchers said the new ransomware dubbed “DearCry” was showing up in servers affected by the breach attributed to a Chinese hacker group. “We have detected and are […]
China denies mulling near-$1bn fine for Alibaba in monopoly case
China denied on Friday it was planning to hit e-commerce giant Alibaba with a fine of almost $1 billion for allegedly flouting monopoly rules, as authorities put the screws on the firm as part of a crackdown on the technology sector. Officials are considering a hefty penalty that could top the $975 million paid by […]
Pakistan blocks TikTok after court ban for immoral content
Pakistan has blocked video-sharing app TikTok for a second time, after a court ordered the platform shut down over “unethical and immoral content”. Wildly popular among young Pakistanis, the Chinese-owned app was briefly banned last year on the same grounds by the ultra conservative Islamic country’s telecommunications agency. “Pakistan Telecom Authority(PTA) has issued directions to […]
