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Aerometrex Lands $1 Million Contract for Great Barrier Reef Survey Using Laser Scanning

The Queensland Government has awarded a $1 million contract to Adelaidebased Aerometrex, a geospatial data business, to survey and monitor the Great B

The Queensland Government has awarded a $1 million contract to Adelaidebased Aerometrex, a geospatial data business, to survey and monitor the Great Barrier Reef using laser scanning technology. The project will use the remote sensing technique known as Light Detection and Ranging LiDAR to produce a threedimensional 3D map of important regions, including Burdekin, Wet Tropics, and Fitzroy. The surveys objectives are to evaluate the erosion of streambanks and gullies, track changes over time, and pinpoint the primary sources of fine material. The government will use this information to correct landscapes essential to the reefs longterm health. It is anticipated that the project will be finished by June 2024. Read More..

B2B Tech News | 2 years ago          

Strategic Move SoftBank Expands TMobile Stake to 7.64% with $7.59 Billion Share Deal

SoftBank Group Corp will get shares in TMobile U.S. valued at about $7.59 billion at no additional cost. The Japanese corporation has directed TMobile

SoftBank Group Corp will get shares in TMobile U.S. valued at about $7.59 billion at no additional cost. The Japanese corporation has directed TMobile to issue 48.75 million shares of common stock by the terms of an agreement during the combination of TMobile and SoftBanks U.S. telecom, Sprint. Through this acquisition, SoftBanks ownership position in TMobile U.S. rose to 7.64% from its present level of 3.75%, increasing the amount of listed, quantifiable equity shown on SoftBanks financial sheet. After hearing the news, the conglomerates stock increased by 5%. SoftBanks internal rate of return on its Sprint investment is positively impacted by the change, coming in at 25.5%. Read More..

B2B Tech News | 2 years ago          

Security Alert Mint Mobile, acquired by TMobile, Discloses Recent Data Breach

A recent data breach at Mint Mobile, a mobile virtual network operator MVNO that TMobile US purchased in March 2023 exposed the personal data of its u

A recent data breach at Mint Mobile, a mobile virtual network operator MVNO that TMobile US purchased in March 2023 exposed the personal data of its users. Names, phone numbers, email addresses, SIM serial numbers, IMEIs, and service package details are all exposed. Mint Mobile has informed the impacted consumers and is looking into the matter. Passwords and financial information were not stolen. This comes after a data breach that occurred in July 2021 and revealed users account information and phone number ports due to unauthorised access. Attacks using SIM shifting might be leveraged from the leaked data. Mint Mobile is collaborating with cybersecurity specialists to resolve the problem. Read More..

B2B Tech News | 2 years ago          

Crypto Theft Sees Downward Trend in 2023, Hitting $2 Billion, Reports De.Fi

De.FI, a web3 security company, revealed that in 2023, hackers stole almost $2 billion in bitcoin, a decline from prior years trends. Among the notabl

De.FI, a web3 security company, revealed that in 2023, hackers stole almost $2 billion in bitcoin, a decline from prior years trends. Among the notable events were the hacking of the Mixin Network, which netted hackers almost $200 million, and the largestever breach of the Ronin network, which included the theft of over $600 million. Despite the progress in mitigating vulnerabilities inside the Decentralised Finance DeFi ecosystem, enduring obstacles still exist. According to earlier TRM Labs calculations, the total amount taken was $1.7 billion. Attacks against Euler Finance, Multichain, BonqDAO, Poloniex, and Atomic Wallet were among the notable cryptocurrency thefts in 2023. Read More..

B2B Tech News | 2 years ago          

US Ban on Apple Watch Imports Stands as Biden Administration Declines Veto

The Biden administration decided not to reverse the International Trade Commissions ITC previous ruling. Therefore, the United States would continue p

The Biden administration decided not to reverse the International Trade Commissions ITC previous ruling. Therefore, the United States would continue prohibiting the importation of Apple Watches. The health tech startup Masimo filed a patent infringement lawsuit about the lightbased pulse oximetry sensor in the Apple Watch Series 6 that led to the ban. Ahead of the prohibition, Apple stopped selling the impacted devices. The business vehemently disagrees with the ruling and emphasises the medical capabilities of its wristwatches. Additionally, Apple has appealed the decision to the Federal Circuit Court. The impacted models are still obtainable for purchase outside the United States, although they are prohibited. Read More..

B2B Tech News | 2 years ago          

Intels Bold Move Massive Chip Plant in Kiryat Gat to Strengthen Global Supply Chain

The largestever investment by a firm in Israel, Intel, is expected to get a $3.2 billion subsidy from the Israeli government for a new $25 billion chi

The largestever investment by a firm in Israel, Intel, is expected to get a $3.2 billion subsidy from the Israeli government for a new $25 billion chip facility in southern Israel. The action, which shows strong support for Israel throughout its fight with Hamas, comes at a time of tension. As part of its plan to improve its worldwide supply chain, Intel is expanding in Kiryat Gat, close to Gaza. With the grant, Intel will pay a corporate tax rate of 7.5%, equivalent to 12.8% of the entire investment. The Fab 38 factory is anticipated to begin operations in 2028 and run for several years, employing thousands of people. Read More..

B2B Tech News | 2 years ago          

Nigerias Central Bank Reverses Crypto Ban, Citing Global Trends and the Need for Regulation

In a December 22 circular, Nigerias Central Bank relaxed the prohibition on cryptocurrency transactions, citing the necessity for worldwide regulation

In a December 22 circular, Nigerias Central Bank relaxed the prohibition on cryptocurrency transactions, citing the necessity for worldwide regulation of such activity. To combat the dangers of money laundering and terrorism funding, the prohibition was implemented in February 2021. The new recommendations outline how banks and other financial organisations should manage the accounts, settlements, and foreign exchange operations of companies that deal with cryptocurrency assets. Virtual Asset Service Providers VASPs need to hold a licence from the Nigerian SEC to operate in the cryptocurrency market. The regulation change has not changed the fact that banks are still prohibited from possessing, trading, or dealing with cryptocurrencies. Nigerias techsavvy populace has demonstrated a strong interest in cryptocurrencies, as seen by Chainalysiss 9% YoY rise in transaction volume. Read More..

B2B Tech News | 2 years ago          

Yandex Restructuring Faces Delay Completion Now Expected in Early 2024

According to three sources acquainted with the discussions, the reorganisation of the Russian IT giant Yandex, listed on the Nasdaq, is expected to be

According to three sources acquainted with the discussions, the reorganisation of the Russian IT giant Yandex, listed on the Nasdaq, is expected to be delayed until early 2024. Known as "Russias Google," Yandex has been negotiating to split its Russian operations from Yandex NV, its Dutch parent firm, for over a year with the Kremlin. Initially scheduled for completion in December, the restructure attempts to preserve access to Western markets in the face of sanctions. Yandex is seeking clearance from Russian authorities and shareholders for the deal, which entails selling its primary revenuegenerating Russian operations before going global. The registration of MKAO Yandexs shares by the central bank marks a significant development in the ongoing restructuring process. Read More..

B2B Tech News | 2 years ago          



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