With the massive media buzz the South Korean series “Squid Game” has been getting, you would have to live under a rock to not know about it. It is so popular that a South Korean broadband firm has sued Netflix over the surge in network traffic.
On September 28, 2021, streaming service Netflix announced its first game-related acquisition: Night School Studio. The studio is best known for its game “Oxenfree”, which is a supernatural teen thriller. In a bid to diversify its offerings, Netflix has also released five mobile-friendly video games in Europe (i.e. Spain, Italy and Poland).
Social media has become a part of our everyday lives. As of September 2021, the largest social media platform Facebook has over 2.89 billion active users monthly. With people across the world relying heavily on social media platforms, it is expected that some of them would exploit these platforms for negative purposes as well.
On September 17, 2021, the “Maker in China” SME Innovation and Entrepreneurship Global Contest 2021 Grand Final was held in Guangzhou, China. MAD Gaze, a Cyberport incubatee specializing in augmented reality smart glasses, was declared the winner of the championship.
A week after crypto mining operations in China’s Sichuan province came to a halt, the country has now declared all crypto transactions illegal. On September 24, ten Chinese government agencies, including the central bank, made a statement saying that they would work closely to ensure a “high-pressure clampdown” on crypto trading.
In its latest bid to strengthen surveillance, Singapore deployed two robots to police bad behavior in public places. According to the press release shared by the Home Team Science and Technology Agency (HTX) of Singapore, the robots detected behavior such as the flouting of Covid-19 norms, smoking in prohibited areas, illegal hawking, improper parking of bicycles, and riding motorcycles on walking paths.
The global community has become increasingly concerned about climate change in 2021. The International Panel on Climate Change released a report in August 2021, saying that unless there is a large-scale reduction in greenhouse gas emissions, it will be beyond mankind’s reach to limit the rise in global temperatures to 1.5°C or even 2°C.
Understanding and accessing your legal rights has never been an easy task, be it for individuals, startups or non-profits. Legal jargon can be tough to decipher, particularly when you don’t have a law firm you can rely on to help you with legal research. Here’s where law tech can come into play.
When you think about art, what crosses your mind? Be it Van Gogh’s Starry Night or Leonardo da Vinci’s Mona Lisa, when most people look at art, they try to think about what was going on in the artist’s mind when they created it. But what if the art you were looking at was not created by a person at all?
Twitter has been an important tool in any startup’s marketing arsenal; as such, the updates have brought about some excitement.The updates revolve around original content creation and aim to give users more security and control over their tweets.
On September 14, 2021, OpenSea, a popular NFT marketplace startup, admitted to insider trading on their website. The event is unprecedented in crypto history. Within 24 hours of the incident, the company had put in new employee policies to regulate trading on their platform. OpenSea’s insider trading incident highlights the fact that while the popularity of digital items is on the rise, so are cybercrimes that seek to make a profit at the expense of genuine creators and buyers.
The Covid-19 pandemic has drastically impacted many sectors of the world economy. One of the sectors that fell on its face was the supply chain.The pandemic and lockdown have resulted in businesses’ inefficiency in meeting unprecedented consumer demand across all product categories. Recently, Morten Engelstoft, Chief Executive at Maersk-owned APM Terminal, echoed a similar sentiment.
A popular NFT marketplace, OpenSea, recently admitted to insider trading by one of their employees. While the company had not revealed the name of the erring employee, individuals were able to utilize the platform’s public access blockchain ledger to ascertain the identity of the culprit.
On September 14, Gary Gensler, the Chairman of U.S. Securities and Exchange Commission (SEC), said that he doesn’t see long-term viability for cryptocurrency. He emphasized the importance of regulating crypto and protecting the interests of investors.
On September 14, 2021, Ireland’s Data Protection Commission (DPC) launched an investigation into Bytedance-owned TikTok, the popular video sharing app. This investigation comes as TikTok is already facing backlash regarding data privacy concerns. To know more about the app’s highs and lows in 2020, check out this article.
On September 13, 2021, Wall Street Journal (WSJ) came out with a detailed investigation surrounding Facebook’s content policies titled, “The Facebook Files”. Learn more about the incident here. What jumped out from this investigation was that the “X-check” or cross-check program used by Facebook, which allegedly gives some of the company’s high-profile users special treatment.
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