Apple will have to change the connector on its iPhones sold in Europe by 2024 as EU countries and EU lawmakers on Tuesday agreed to a single mobile charging port for mobile phones, tablets and cameras.
The agreement is a world first and came after companies failed to agree on a common solution. The European Commission had pushed for a single mobile charging port more than a decade ago.
Users of iPhones and Android phones have long complained about having to use different chargers for their devices. The former from Apple is charged from a Lightning cable while Android-based devices are powered using USB Type-C connectors.
Half the chargers sold with mobile phones in 2018 had a USB micro-B connector, while 29 percent had a USB Type-C connector, and 21 percent a Lightning connector, according to a 2019 Commission study.
“The deal we struck this morning will bring around EUR 250 million (roughly Rs. 2,075 crore) of savings to consumers,” EU industry chief Thierry Breton said in a statement.
“It will also allow new technologies such as wireless charging to emerge and to mature without letting innovation to become source of market fragmentation and consumer inconvenience,” he said.
“By autumn 2024, USB Type-C will become the common charging port for all mobile phones, tablets and cameras in the EU,” the European Parliament said in a statement.
Apple, which has warned the proposal would hurt innovation and create a mountain of electronic waste, did not immediately respond to a request for comment.
“We are proud that laptops, e-readers, earbuds, keyboards, computer mice, and portable navigation devices are also included,” said lawmaker Alex Agius Saliba who steered the debate at the parliament.
Laptops will have to comply with the legislation within 40 months of it entering into force. The EU executive will have the power in future to harmonise wireless charging systems.
The fact the deal also covers e-readers, earbuds and other technologies will impact Samsung, Huawei and other device makers.
Welcome to E!’s Tales From the Top, our series on women who are leaders in their fields and masters of their craft. Spanning industries and experiences, these powerhouse women answer all the questions you’ve ever had about how they got to where they are today—and what they overcame to get there. Read along as they bring their resumés to life.
For Bre Tiesi, it’s not personal. It’s just business.
Born and raised in Los Angeles, the model knew early on in life that she was going to have to put her emotions aside if she wanted to be successful. “The hustle is a different level here,” Tiesi told E! News. “So you just gotta make it. How bad do you want it? Is your ego, your emotions and your feelings more important than your success? Because mine wasn’t.”
Making it meant slowly building an empire of her own, adding investor, businesswoman, fitness influencer and real estate agent to a stacked resume that also included time almost a decade ago on the MTV series Wild ‘n Out—which is where she meetNick Cannon. In January, the “on-and-off” pair announced they were expecting a baby boy, Tiesi’s first and Cannon’s eighth child.
Now, Tiesi is preparing for motherhood and how it may change her usually unemotional approach toward business.
Global payment processor Checkout.com has launched a new stablecoin settlement system that will allow merchants to process crypto payments from their customers in real time — potentially widening the use cases of stablecoins within e-commerce.
The stablecoin settlement system centers around Circle’s USD Coin (USDC), the second-largest stablecoin by market capitalization, and allows merchants to automatically convert USDC payments into fiat upon receipt. The service will be available to merchants around the clock, meaning payments will be settled on weekends and holidays in addition to regular business hours.
The settlement system leverages payout technology developed by crypto infrastructure provider Fireblocks. Through its beta program with Fireblocks, Checkout.com settled over $300 million in USDC transactions.
Initially, Checkout.com’s stablecoin settlement system will only support USDC, although there are plans to offer a wider range of assets over time.
Ran Goldi, Fireblocks’ vice president of payments, told Cointelegraph that blockchain technology can significantly improve payments flow for merchants. “Traditionally, payments are really fragmented, slow, and expensive,” Goldi said. “This first step to settle merchant payouts with stablecoins is just a small part of what we can do in the payments space.”
Goldi continued: “Crypto merchants have now become very scaled, compared with just five years ago when crypto merchants did not really exist. The increased demand from merchants to receive payouts in stablecoins shows their willingness to keep their funds and interact with their vendors and counterparties in crypto.”
Rebranded in 2012 as a cloud-based payments solution, Checkout.com has pivoted strongly into digital assets and Web3, having entered into partnerships with major crypto players, including Coinbase, Crypto.com, FTX and MoonPay. As reported by Cointelegraph, the company closed a $1 billion Series D investment round in January at a valuation of $40 billion.
Although crypto has emerged as a new asset class for investors, its utility as a medium of exchange is considered vital for mainstream adoption. Dollar-pegged stablecoins have become viable alternatives in emerging markets where access to U.S. dollars is limited due to capital controls or sanctions, and where the local currency is losing its purchasing power due to hyperinflation.
Jess Houlgrave, Checkout.com’s head of crypto strategy, told Cointelegraph that cryptocurrency adoption among merchants marks “a legitimate transition from the early adoption phase to one that’s more practical, pragmatic and positive overall.” She further explained:
“This transition means there’s a groundswell in demand for fintech companies that can provide easy-to-deploy solutions and services to get merchants up and running with crypto payment options —and then help them optimize the process over time.”
Street Fighter 6 is introducing its own form of emotes, and though flossing may be a step too far, Capcom has settled for pulling faces at your opponent before the match.
One of these came through the official Street Fighter Twitter account (below), which revealed that pressing the directional buttons during the versus screen will cause the character to pull different faces. Players can therefore make Ryu and friends (and enemies) scowl at each other, act super smug, or emulate pre-fight jitters by speeding through a number of emotions in rapid fire succession.
Show your attitude with the Game Face Feature in #StreetFighter6 by pressing directional buttons during the versus screen.
Scowl at your opponent, act all smug, or confuse them with a mixture of rapid emotions!
Capcom only showed a couple of different options, so it’s unclear if each fighter will be limited to four faces (as per the four directional buttons) or if players can mix and match different emotions by assigning them to different buttons.
This would be akin to emote systems in the likes of Elden Ring or earlier FromSoftware games like Dark Souls and Bloodborne, but this type of content has also been heavily tied to DLC and Battle Passes in the likes of live-service games like Fortnite and Apex Legends.
Samsung might be working on a new affordable foldable smartphone, according to a new report. The smartphone, which is tipped to launch by 2025, could be part of the company’s Galaxy A series lineup. The company’s foldable smartphone portfolio currently consists of the Galaxy Z Fold and the Galaxy Z Flip smartphones, which are equipped with high-end components and carry a premium price tag. It is also worth noting that Samsung is yet to officially reveal any plans to launch a mid-range foldable smartphone.
According to a report by SamMobile citing tipster @chunvn8888 on Twitter, Samsung could be working on a new affordable smartphone which could be part of its midrange lineup. The tipster has not shared any details of the purported “Foldable Galaxy A” handset or its specifications, but claims that the company is aiming to release the foldable handset in 2024 or 2025. It is better to take these claims with a pinch of salt as the South Korean manufacturer has not yet announced plans to build such a handset.
There is no word on whether the rumoured foldable device will sport a clamshell design, similar to the Samsung Galaxy Z Flip 3, or a vertical hinge like the Galaxy Z Fold 3. The Samsung Galaxy Z Fold 3 was launched in August last year at $1,799.99 (roughly Rs. 1,39,800) in the US and Rs. 1,49,999 in India. On the other hand, the Samsung Galaxy Z Flip 3’s price started at $999.99 (Rs. 77,600) in the US, and Rs. 84,999 in India.
Meanwhile, Samsung’s most expensive A Series phone in India is the Galaxy A73, which is priced at Rs. 41,999 in the country. The smartphone is equipped with a Snapdragon 778G processor, which is less powerful than the Snapdragon 888 chipset that powers the Galaxy Z Fold 3 and the Galaxy Z Flip 3. An expected midrange foldable smartphone from Samsung could feature fewer premium components to keep the price low.
Earlier this year, a report from market intelligence firm IDC revealed that the foldable phone market saw a 264 percent growth in a year, and is projected to hit $29 billion (roughly Rs. 2,17,500 crore) in value by 2025. Worldwide shipments of foldable phones (including both flip and fold form factors) hit 7.1 million units in 2021, according to the report. The share of foldable phones is also expected to increase from 0.5 percent to 1.8 percent by 2025. While the introduction of an affordable foldable phone could help improve those statistics, Samsung has not revealed any plans to launch an affordable foldable smartphone by 2025.
Are the Galaxy Z Fold 3 and Z Flip 3 still made for enthusiasts — or are they good enough for everyone? We discussed this on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (kuala lumpur and sydney)
Inter Press Service
KUALA LUMPUR and SYDNEY, Jun 07 (IPS) – Food crises, economic stagnation and price increases are worsening unevenly, almost everywhere, following the Ukraine war. Sanctions against Russia have especially hurt those relying on wheat and fertilizer imports.
Unilateral sanctions illegal
Unilateral sanctions – not approved by the UN Security Council – are illegal under international law. Besides contravening the UN Charter, unilateral sanctions inflict much human loss. Countless civilians – many far from target countries – are at risk, depriving them of much, even life itself.
Jomo Kwame SundaramSanctions, embargos and blockades – ‘sold’ as non-violent alternatives to waging war by military means – economically isolate and punish targeted countries, supposedly to force them to acquiesce. But most sanctions hurt the innocent majority, much more than ruling elites.
US sanctions’ victims
The US has imposed more sanctions, for longer periods, than any other nation. During 1990-2005, the US imposed a third of sanctions regimes worldwide. These were inflicted on more than 1,000 entities or individuals yearly in 2016-20 – nearly 80% more than in 2008-15. Thus, the Trump administration raised the US share of all sanctions to almost half!
Tens of millions of Afghans now face food insecurity, even starvation, as the US has seized its US$9.5 billion central bank reserves. President Biden’s 11 February 2022 executive order gives half of this to 9/11 victims’ families, although no Afghan was ever found responsible for the atrocity.
Biden claims the rest will be for ‘humanitarian crises’, presumably as decided by the White House. But he remains silent about the countless victims of the US’s two-decade long war in Afghanistan, where airstrikes alone killed at least 48,308 civilians.
Anis ChowdhuryNow, the US-controlled World Bank and IMF both block access to financial resources for Afghanistan. The long US war’s massive population displacement and physical destruction have made it much more vulnerable and foreign aid dependent.
The US-backed Israeli blockade of the densely populated Gaza Strip has inflicted at least US$17 billion in losses. Besides denying Gaza’s population access to many imported supplies – including medicines – bombing and repression make life miserable for its besieged people.
Meanwhile, the US supports the Saudi-led coalition’s war on Yemen with its continuing blockade of the poorest Arab nation. US arms sales to Saudi Arabia and the United Arab Emirates have ensured the worst for Yemenis under siege.
Humanitarian disasters and destroying lives and livelihoods are excused as inevitable “collateral damage”. Acknowledging hundreds of thousands of Iraqi child deaths, due to US sanctions after the 1991 invasion, an ex-US Secretary of State deemed the price “worth it”.
Poverty levels in countries under US sanctions are 3.8 percentage points higher, on average, than in other comparable countries. Such negative impacts rose with their duration, while unilateral and US sanctions stood out as most effective!
Clearly, the US government has not hesitated to wage war by other means. Its recent sanctions threaten living costs worldwide, reversing progress everywhere, especially for the most vulnerable.
Yet, US-led unilateral sanctions against Iran, Venezuela, North Korea and other countries have failed to achieve their purported objectives, namely, to change regimes, or at least, regime behaviour.
Last year, the Biden administration began a comprehensive review of US sanctions policies. It has promised to minimize their adverse humanitarian impacts, and even to consider allowing trade – on humanitarian grounds – with heavily sanctioned nations. But actual policy change has been wanting so far.
US sanctions continue to ruin Iran’s economy and millions of livelihoods. Despite COVID-19 – which hit the nation early and hard – sanctions have continued, limiting access to imported goods and resources, including medicines.
A US embargo has also blocked urgently needed humanitarian aid for North Korea. Similarly, US actions have repeatedly blocked meeting the urgent needs of the many millions of vulnerable people in the country.
The Trump administration’s sanctions against Venezuela have deepened its massive income collapse, intensifying its food, health and economic crises. US sanctions have targeted its oil industry, providing most of its export earnings.
Besides preventing Venezuela from accessing its funds in foreign banks and multilateral financial institutions, the US has also blocked access to international financial markets. And instead of targeting individuals, US sanctions punish the entire Venezuelan nation.
The US has not spared Sputnik-V from sanctions, disrupting not only shipments from Russia, but also production elsewhere, e.g., in India and South Korea, which planned to produce 100 million doses monthly. Denying Russia use of the SWIFT international payments system makes it hard for others to buy them.
Rethinking sanctions
Economic sanctions – originally conceived a century ago to wage war by non-military means – are increasingly being used to force governments to conform. Sanctions are still portrayed as non-violent means to induce ‘rogue’ states to ‘behave’.
But this ignores its cruel paradox – supposedly avoiding war, sanctions lay siege, an ancient technique of war. Yet, despite all the harm caused, they typically fail to achieve their intended political objectives – as Nicholas Mulder documents in The Economic Weapon: The Rise of Sanctions as a Tool of Modern War.
As Cuba, Iran, Afghanistan and Venezuela were not major food or fertilizer exporters, their own populations have suffered most from the sanctions against them. But Russia, Ukraine and even Belarus are significant producers and exporters.
Hence, sanctions against Russia and Belarus have much wider international implications, especially for European fuel supplies. More ominously, they threaten food security not only now, but also in the future as fertilizer supplies are cut off.
With tepid growth since the 2008 global financial crisis, the West now blocks economic recovery. Vaccine apartheid, deliberate supply disruptions and deflationary policies now disrupt international economic integration, once pushed by the West.
As war increasingly crowds out international diplomacy, commitments to the UN Charter, multilateralism, peace and sustainable development are being drowned by their enemies, often invoking misleadingly similar rhetoric.
Poco C40 has been listed on a Vietnamese online store much ahead of its global launch. As per the listing, the latest smartphone from Poco is equipped with a JR510 chipset from JLQ Technology — a Shanghai-based semiconductor manufacturer. The Poco C40 is said to run on Android 11 and feature a 6.7-inch IPS LCD display with HD+ resolution. The handset is said to house a 13-megapixel main camera and a 6,000 mAh battery. Poco had recently confirmed that the smartphone will launch globally on June 16.
Poco C40 price
The Poco C40 has been listed on a Vietnamese online store, which has revealed the price and specifications of the smartphone. The price of the Poco C40 is set at VND 3,490,000 (roughly Rs. 11,700). The phone is currently available for pre-order from the online store in Vietnam with open sales starting June 17. The smartphone from Poco has been listed to come in Black, Green, and Yellow colour options.
Meanwhile, the global launch date of the Poco C40 is set for June 16. You will be able to stream its online launch event through the company’s official Facebook page, YouTube channel, and Twitter handle.
Poco C40 specifications
The Poco C40 listing on the Vietnamese online store reveals all its specifications. It is said to feature the JR510 chipset from JLQ Technology. The SoC is fabricated on the 11nm process and comes with an eight-core structure with four cores working at 2.0GHz along with four more at 1.5GHz.
As mentioned earlier, the Poco C40 will run on Android 11 and is said to feature a 6.7-inch IPS LCD display with HD+ (720 x 1650) resolution along with 60Hz refresh rate.
For optics, the handset from Poco will reportedly house a dual camera setup with a 13-megapixel and 2-megapixel camera. For selfies and video calls, the Poco C40 will come equipped with a 5-megapixel camera, the listing suggests.
The Poco C40 will most likely come in a 4GB RAM and 64GB storage variant, as seen in the online listing. The smartphone supports dual band Wi-Fi, GPS, and Bluetooth v5. The phone also houses 6,000 mAh battery with 18W fast charging support. The handset will come with a 3.5mm headphone jack and supports USB Type-C port.
Fiji has handed over to the United States a $325 million superyacht that American investigators say is owned by a Russian billionaire on a U.S. sanctions list, the island nation’s top prosecutor said on Tuesday.
The handover of the yacht, the Amadea, was based on a decision by Fiji’s Supreme Court and is a new development in a global effort to seize the assets of oligarchs with ties to President Vladimir V. Putin of Russia.
The Amadea was held in Fijian waters in April in response to a U.S. request for assistance and seized last month based on a warrant that had been issued by a federal court in Washington and accepted by a Fijian court.
The Amadea’s ownership structure is murky. American investigators say that the yacht was sold last year to Suleiman Kerimov, a Russian government official and billionaire investor who has been on the U.S. sanctions list since 2018. But Feizal Haniff, a lawyer in Fiji who represents a company in the British Virgin Islands that controls the vessel, has argued that its true owner is Eduard Khudainatov, a wealthy Russian who is not under U.S. sanctions.
Fiji’s Court of Appeal dismissed Mr. Haniff’s appeal in late May but said that the judgment would not take effect for seven days. Last week, he filed another application asking the Fijian authorities to delay enforcing the U.S. warrant.
On Tuesday, the country’s Supreme Court ruled that the yacht could leave Fiji in the care of the U.S. authorities, Christopher Pryde, the country’s director of public prosecutions, said in a statement.
In early 2009, Bitcoin trading was peer-to-peer, initially via PayPal. However, it only took a few months before the first ramp was launched. Mt Gox and earlier variants were, as expected, rudimentary and centralized. Fast-forward less than a decade later, and crypto trading is a vibrant industry with billions moved every day.
Exchanges are critical channels for moving billions of assets between users and chains. As the industry expands and crypto finds adoption, their role will only be magnified. This rise is especially when decentralized finance (DeFi) is at the fore, dangling irresistible offers.
DeFi and the Role of Liquidity Aggregators
In less than three years, DeFi commands billions in Total Value Locked (TVL), with demand stemming from the sub-sphere’s value proposition.
DeFi is, as the name suggests, decentralizing finance using smart contracts, allowing users from across the globe to access funds. Exciting as it may be, there must be reliable ramps with acceptable levels of liquidity for smooth trustless swapping of tokens.
Decentralized exchanges (DEXes) are launched from leading smart contracting platforms like Ethereum and the BNB Chain and have relatively high levels of liquidity. However, since there are more than a dozen blockchains with active crypto projects whose tokens command hundreds of millions in market cap, most traders have been manually hopping between exchanges or using liquidity DEX aggregators.
Aggregating DEXes, for example, 1Inch, enables smooth swapping of different tokens listed in various DEXes from one user interface. By doing this, liquidity aggregating DEXes saves time and resources, encouraging more users to channel funds into DeFi.
Nonetheless, while liquidity aggregating DEXes play a massive role in DeFi, most are single-chain and a few multi-chain, allowing its users to bridge their assets, but none have cross-chain aggregation capabilities. As a result, traders receive fewer tokens than they would if they could access liquidity on multiple chains at the same time… Oh, wait. Now they can.
Chainge Finance: Best Pricing, Cross-Chain, and Swift Settlement
There’s a huge problem that Chainge Finance is currently tackling. The cross-chain liquidity DEX aggregator’s developers have released a blockchain-based trading venue laser-focused on ensuring traders swap assets in the most liquid environment ensuring the best rates.
Swapping tokens via Chainge Finance is non-custodial and offered through a simple-to-use mobile interface. The platform also features useful asset management tools used by over 400k users for a combined TVL of more than $160 million and a total aggregated liquidity of over $40 Billion. Distinguished tools available in Chainge Finance include a spot, futures, and options DEX, universal digital assets with cross-chain roaming capabilities, a time-framing module, and more.
Every order initiated from Chainge Finance will be queried in all 20 supported DEXes and “crawled” for the best prices. Once the chords are struck, the order is split across multiple liquid chains for the trader to receive the best prices. The part taken can be conveniently viewed in the app’s order details section.
Chainge Finance does this through its proprietary smart-router that leverages DCRM technology and a swap pathfinder algorithm. The Smart Router tool searches integrated DEXes across multiple chains for the best rates for lower slippage while also establishing a route for a swift settlement.
Practical example
When a user wants to swap token A for token B, the smart router will query the DEXs and determine real-time liquidity for the A/B pair in all DEXs on each chain.
Taking gas cost into consideration, the smart router will return the best route to execute the order.
For instance, the fixed amount of A tokens to swap on the Ethereum in Uniswap DEX + the fixed amount of A tokens to swap on the Ethereum chain in Sushiswap DEX + the fixed amount of A tokens to swap on the BSC chain in Pancake DEX, and more until the total swap amount is reached.
After the user places the order, the following steps will be executed:
Token A is wrapped into the fusion chain (no matter what chain token A is on)
The transaction to burn all token A universal assets on fusion is signed
The burn receipt is used to call different proxy swap smart contracts on each chain to use token A on those specific chains to execute the swap.
Within the slippage margin, the swap order will be executed.
NB: If the slippage margin is exceeded, the swap deal will be only partially completed and the user will immediately get the remaining portion of A tokens back.
This use case should render obvious the huge advantages of using the Chainge Finance cross-chain liquidity aggregator aka the most liquid DEX on the market.
Chainge Finance has Incorporated over 20 DEXes and 1 aggregator across 9 chains
Notably, Change Finance’s DCRM Technology is patented and developed by Fusion Foundation in partnership with some of the world’s leading security and cryptography experts, including Louis Goubin, Professor of Computer Science at the University of Versailles, and Pascal Paillier, Ph.D.
Chainge Finance has already integrated with more than 20 DEXes and 1 aggregator across 9 popular blockchains, (with lots more to be gradually added). For example, on Ethereum, Chainge Finance integrates 1inch, Uniswap and SushiSwap. Meanwhile, in the Cronos blockchain, they have chosen VVS and Cronaswap.
This DeFi protocol is well-thought-out and is a cut above the rest. It is purposefully designed to resolve existing pain points of inconveniently low liquidity resulting in unfavorable swapping rates as well as eliminating the need to use cross-chain bridges.
Ultimately, Chainge Finance has designed a platform where traders can confidently swap cross-chain assets at the best swapping rates in highly liquid environments and manage their crypto assets backed up by top-grade security protocols.
Japan’s Justice Ministry is reportedly considering a revision of an asset seizure law relating to organized crime to include a stipulation that crypto can be commandeered in such instances.
If the reports are found to be true, a potential revision of the Act on Punishment of Organized Crimes and Control of Proceeds of Crime (1999) would enable law enforcement officers and courts to take control of crypto assets used in criminal activity such as money laundering.
According to reports from local media outlets such as the Yomiuri Shimbun on June 4, the Justice Ministry will first need to engage in talks with the Legislative Council on the issue before proceeding forward. While it will also need to iron out important details such as how officers can go about obtaining a criminal’s private keys.
The talks with the legislative Council could go ahead as soon as next month according to the Jiji Press.
As the specific law focused on the seizure of funds/assets from organized crime does not explicitly outline any procedure concerning illegally acquired cryptocurrencies, there is a concern that criminals may be able to continue illicit behavior via their unseized digital asset holdings.
As it stands, the law only outlines that the type of assets that can be seized are physical property, monetary claims, and movable assets such as machinery, vehicles, tools, and supplies, with crypto falling under none of those categories.
Once the finer details have been set, the amendment to the law would need to be approved by the cabinet and then signed off by parliament, and may not meet much resistance given the nature of such a proposal.
The report comes just days after Japan’s parliament passed a bill to ban stablecoin issuance by non-banking institutions as part of a push to reduce system risk and provide greater consumer protections.
Under the bill, only licensed banks, registered money transfer agents, and local trust companies can develop and issue stablecoins.
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