GM doesn’t want people buying some of its newer and most sought-after models, such as the GMC Hummer EV, to quickly sell them for a profit. The automaker is implementing several aggressive measures meant to discourage the practice, even if it ends up l…
Samsung’s ‘Repair Mode’ keeps your data hidden from technicians
With stories of hackers selling personal information in bulk on forums becoming more common, it can be stressful to send your device for repair. Yes, you could wipe your phone, but then you have to go through the hassle of restoring it afterward. Now, …
Facebook faces suspension in Kenya over ethnic-based hate speech
Kenya’s National Cohesion and Integration Commission (NCIC), a government agency that aims to eradicate ethnic or racial discrimination among the country’s 45 tribes, has given Facebook seven days to tackle hate speech related to next month’s election …
Samsung Galaxy Z Flip 4 and Z Fold 4 revealed in leaked renders
Samsung vowed to make foldable phones mainstream last year, and so far, more and more people have been embracing the form factor. In fact, the tech giant previously said that more people switched brands for the Galaxy Flip 3 than for its flagship devic…
‘Axie Infinity’ CEO moved $3 million in crypto tokens before disclosing massive hack
On March 23rd, hackers broke into Axie Infinity’s Ronin network to steal Ethereum and USDC stablecoins that were then worth over $600 million. In response to the massive theft, Axie developer Sky Mavis disabled token withdrawal — but apparently not before its CEO moved $3 million worth of Axie’s main token, AXS, into Binance. According to Bloomberg, company CEO and co-founder Trung Nguyen made the large transfer mere hours before Sky Mavis disclosed on March 29th that the “play to earn” game was hacked.
It was YouTube user Asobs who first identified the transaction and who shared his documentation with Bloomberg. The news organization then worked with associate professors of mathematics at Winthrop University to confirm his findings. Asobs analyzed the transaction details and connected it to a wallet controlled by Nguyen based on previous transactions, such as the initial distribution of tokens for the game during its early years.
When asked, company spokesperson Kalie Moore has confirmed the transaction to Bloomberg. Moore said Nguyen made the transfer to shore up the company’s finances and ensure it could provide liquidity to its users. Nguyen apparently had to do so on the down-low so that people tracking official Axie wallets wouldn’t be able to front-run the news and cash out before the rest of the players even find out what’s going on.
Moore said:
“At the time, we (Sky Mavis) understood that our position and options would be better the more AXS we had on Binance. This would give us the flexibility to pursue different options for securing the loans/capital require. The Founding Team chose to transfer it from this wallet to ensure that short-sellers, who track official Axie wallets, would not be able to front-run the news.”
Nguyen posted a Twitter thread after Bloomberg’s report went up and said that his team had been in contact with Binance after the hack was discovered to “ensure user funds would be restored as soon as possible.” The executive added: “This discussion included the fact that Sky Mavis would provide liquidity while we worked on a full backing of the bridge.” He also called speculations of insider trading as “baseless and false.”
This story includes speculation of insider trading. These accusations are baseless and false. In fact, the Founding Team even deposited $7.5M from a known Axie multi-sig wallet TO Ronin Network prior to the bridge closing to avoid triggering any short-sellers watching.
— Trung Nguyen (@trungfinity) July 28, 2022
In Axie Infinity, people can earn cryptocurrency by playing the game and completing tasks, such as winning Arena battles and breeding Axie monsters, which are non-fungible tokens. The attack on its Ronin network is now known as one of the biggest in crypto history. According to previous reporting by The Block, bad actors gained entry into its system by sending a spyware-filled PDF to one employee who thought he was getting a job offer with higher pay from another firm. Turns out the company didn’t exist, and the offer, according to the US government, came from North Korean hacker group Lazarus.
Sky Mavis has secured $150 million in funding to help reimburse users since then, and Nguyen said all players’ funds are now backed 1:1. The value of Ethereum dropped considerably since March, however, so players will not get the money they could’ve gotten if they had cashed out months ago. As for the game itself, it opened back up in late June with a new system to flag “large, suspicious withdrawals” and a new land-staking feature that enables players to earn passive income.
Twitter raises the price of Blue subscriptions to $5 a month
Twitter’s $3 subscription now costs $5 a month. The social network has sent out an email notifying existing subscribers that Twitter Blue has raised its prices for new members, but as early adopters, the monthly amount they’re paying will remain the same until October. In the email posted by social media consultant Matt Navarra and first spotted by The Verge, the company said early adopters will also be notified at least 30 days before the new monthly price takes effect for their accounts.
The company didn’t elaborate on the reason behind the price increase and only said in the email that it will help Twitter build new features subscribers have been asking for, improve upon the ones it already has and sustain its mission of supporting journalism. It also said that it’s currently creating a “more frictionless reading experience” and launching new experimental features in Twitter Blue Labs for those who choose to stick around even with the higher subscription price.
Here’s the full email about the Twitter Blue price increase: pic.twitter.com/xXLRhSnxQR
— Matt Navarra (@MattNavarra) July 29, 2022
Twitter launched its subscription service in the US back in November, unlocking additional features for the website’s most dedicated users. Some of its features can be very useful, including the ability to Undo tweets, which is the closest thing to an “edit” button at the moment. It also allows members to browse news without ads and gives them access to the latest features the website is testing.
In its second quarter earnings report for 2022, Twitter said it has seen a sharp rise in the number of regular users on the website. The bad news was that it didn’t translate to more money for the company. It posted a net loss of $270 million, which it blamed on the economic downturn and the uncertainty surrounding Elon Musk’s takeover. If you’ll recall, Musk offered to buy Twitter for $44 billion back in April and the social network quickly accepted, but they’ve been at odds since then. In July, Twitter sued Elon Musk for attempting to back out of the acquisition, and now the two parties are going to face off in an expedited, five-day trial beginning in October.
US federal court system attacked by ‘hostile foreign actors’ in 2020 security breach
The US federal courts’ document filing system was attacked by three hostile foreign actors, House Judiciary Committee Chair Jerrold Nadler has told fellow lawmakers. According to Politico, Nadler made the first public disclosure of the cyberattack at a committee hearing on oversight of the Justice Department’s National Security Division (NSD). The attack happened as part of a bigger security breach that led to a “system security failure” way back in 2020. Nadler has admitted during the hearing, however, that the committee only learned about the “startling breadth and scope” of the breach this March.
Matthew Olsen, the Assistant Attorney General for National Security, has testified at the hearing and said his division is “working very closely with the judicial conference and judges around the country to address this issue.” As you can guess, lawmakers are worried about how many cases were impacted by the breach and how exactly the issue had affected them. “[T]his is a dangerous set of circumstances that has now been publicly announced, and we need to know how many…were dismissed,” committee member Rep. Sheila Jackson Lee told Olsen. When asked if the breach had affected any of the cases the NSD had handled, Olsen said he couldn’t think of any in particular.
There’s still a lot of information about the breach that’s kept under wraps — Senator Ron Wyden even wrote to the Administrative Office of the US Courts to express concerns about the fact that “the federal judiciary has yet to publicly explain what happened and has refused multiple requests to provide unclassified briefings to Congress.” As Politico notes, though, the US Courts admitted in January 2021 that its Case Management/Electronic Case Files system was breached and even changed its filing procedures for sensitive documents. The publication also points out that this breach wasn’t a part of the massive SolarWinds hacks, which are being blamed on a Russian state-sponsored group known as Nobelium.
Olsen said the Justice Department’s investigators will keep the committee updated about any new developments, so we’ll likely hear more information about the data breach in the future.
The PS5 finally gets 1440p support
The PlayStation 5now supports 1440p, at least for gamers with access to its beta software. While the console has supported 1080p and 4K output from the start, 1440p support is still a much-requested feature by players who use monitors instead of TVs. It provides a middle ground between full HD and 4K, after all, and is a popular choice for gamers who also play on their PCs. Testers who get the latest beta software for the PS5 will now see a 1440p HDMI video output option as an additional visual setting when they use the console with a compatible monitor.
Obviously, they can enjoy the full benefits of 1440p rendering if the game they’re playing supports the resolution. But if they’re playing a game that supports 4K, they could also benefit from the feature, because the option downsamples the visuals for 1440p output and that leads to sharper images. As VG247 notes, though, Variable Refresh Rate (VRR), which rolled out for the console in April, is only available for 1080p and 2160p. VRR gives the screen the ability to sync its refresh rate with that of the game for a smoother experience, and it’s not quite clear why it’s not available for 1440p output.
In addition to 1440p support, the latest beta software also gives users a way to create gamelists in their Game Library so that they can better organize all the titles they own. Players can create up to 15 gamelists with 100 games each. Their in-progress activities will now be shown prominently at the top of the game hub when they resume a game, as well, and they can now request party members to share their screens so that they can watch their gameplay. Plus, when they enter a party and a member is playing game they can join, they’ll now receive an alert and then join the game directly from that notification.
Sony has introduced more experimental features with the new beta and has listed them all on the PlayStation blog.
NASA plans to bring rock samples back from Mars with the help of two space helicopters
NASA has altered the Mars Sample Return Program meant to bring back the rock samples the Perseverance rover has been drilling and collecting from the Jezero crater in a big way. Instead of sending the Sample Fetch Rover to the red planet like originally planned, the program will make use of Perseverance itself and send over two helicopters based on the Ingenuity for backup.
NASA and the ESA have been working together on the Sample Return Program over the past few years. The original plan was to send over the ESA-made Sample Fetch Rover to retrieve the samples and drive them back to a rocket, which will fly them up to be snatched by the Earth Return Orbiter. As The New York Times notes, though, the rover’s design became too big until it could no longer fit in one lander with the return rocket. NASA would have to use one lander for each of them.
But why do that when there are other, more affordable options? The Sample Return Lander isn’t scheduled to arrive on Mars until 2030, but NASA is confident that Perseverance will still be operational by then — after all, the Curiosity rover is still up and running almost 11 years after it launched. Under their renewed plan, the Perseverance will drive up to the lander to deliver 30 rock samples that will be loaded onto the rocket.
If anything goes wrong with Perseverance before then, though, the lander would settle closer to the rover and then the backup helicopters will fly over to retrieve the samples. While the helicopters are modeled after the Ingenuity, they’ll have small wheels at the bottom. These will allow them to drive up to the samples that are sealed inside tubes and pick them up from the ground where the rover has dropped them.
The Ingenuity helicopter completed its first test flight on Mars in April 2021. NASA wasn’t expecting much from the helicopter, which was just supposed to prove that flight on Mars is possible. It was also only supposed to fly a handful of times during a one-month technology demonstration, but it has accomplished 29 successful flights so far, with more on the way. Ingenuity’s success has given NASA another means to retrieve the precious samples Perseverance has been collecting.
Dr. Thomas Zurbuchen, the associate administrator for NASA’s science directorate, said during the press conference announcing the new Sample Return Program plans:
“We reached our decision based on new studies and recent achievements at Mars that allowed us to consider options that, frankly, weren’t available to us one year ago or before.”
The Earth Return Orbiter and Sample Retrieval Lander will take off in the fall of 2027 and the summer of 2028, respectively. Their journey to and from the red planet will take years, so the samples aren’t expected to arrive on Earth until 2033.
Samsung posts 12 percent increase in profit but warns of weak mobile and PC demand
For the second quarter of 2022, Samsung has reported a consolidated revenue of KRW 77.2 trillion (US$59.4 billion), which is a record high for the quarter ending on June 30th. Samsung’s operating profit also reached KRW 14.1 trillion (US$10.8 billion) — that’s 12 percent higher from the same period a year earlier and is its best yet since 2018. As has been the case these past years, the company’s semiconductor or Device Solutions (DS) division greatly contributed to those numbers and has achieved a historical high in quarterly revenue for the second consecutive quarter.
The DS division posted KRW 28.5 trillion (US$21.9 billion) in consolidated revenue and KRW 9.98 trillion (US$7.7 billion) in operating profit in the second quarter, thanks mostly to server chip demand. However, chip demand for consumer products, such as mobile phones and PCs, was much weaker than expected “due to widening impacts of macro issues.” In fact, Samsung said its DRAM and NAND shipments came in below guidance. The company also expects demand for consumer devices to stay weak and even believes that there’s a possibility for this slump in demand to make its way to enterprise.
As you can guess based on that information, Samsung’s Mobile eXperience (MX) business was also affected by the overall decline in market demand. The company blamed “geopolitical issues and concerns over inflation on top of continued weak seasonality” for the mobile division’s decline in earnings. It also said the costs of components and logistics affected the business’ profitability and caused it to slide lower than the previous quarter’s.
The tech giant doesn’t expect smartphone sales to blow up next quarter either: Demand for new phones will likely stay similar year-on-year or show only a single-digital growth, it predicts, because of prolonged geopolitical issues and economic uncertainties. That said, it’s hoping that the launch of new foldables could pad its sales numbers in the coming months. Samsung will unveil its next-gen foldable phones at its upcoming Unpacked event on August 10th.