Category: Tech

The Current’s tech news keeps you upto date with news of new gadgets, tech updates, information about tech startups and technology reviews.

  • Crypto heist: Hackers steal $100 million from Harmony blockchain bridge

    Crypto heist: Hackers steal $100 million from Harmony blockchain bridge

    A blockchain bridge titled Harmony, which helps in transferring cryptocurrency tokens between each other, recently disclosed that $100 million in digital currency was stolen on Thursday morning from its Horizon bridge.

    Harmony revealed that its Horizon Ethereum Bridge was a victim of a “malicious attack” in a blog post outlining the incident.

    Harmony said that its separate bridge used for bitcoin wasn’t affected by the hack and that its funds and assets are safe. They have notified other exchanges and stopped its bridge “Horizon” to prevent further transactions as the company investigates the heist. 

    In order to track down the hacker and recover the stolen money, the platform has started working with local law enforcement and forensic experts.

    The hack and ransacking of Horizon weren’t the first this year. In March, cybercriminals stole about $620 million worth of cryptocurrency from a network used to process in-game transactions for Axie Infinity, one of the world’s most popular NFT video games.

  • LG Electronics is stepping into EV charging business

    LG Electronics is stepping into EV charging business

    As the worldwide competition to produce everything linked to EVs intensifies, LG Electronics has acquired AppleMango, a South Korean developer of electric car battery chargers.

    The acquisition, which was done in partnership with GS Energy, a producer of EV charging stations, and GS Neotek, a provider of IT services, will enable LG to take advantage of upcoming commercial prospects.

    According to Paik Ki-mun, senior vice president of LG Electronics, “the EV charging market is likely to increase significantly due to the surging demand for more environmentally friendly automobiles.”

    “We will provide specialised, integrated vehicle charging solutions for a variety of customers, boosting the competitiveness of our existing and assuring our preparation for future prospects,” the statement reads.

    In AppleMango, which will now be a subsidiary of LG Electronics, LG Electronics purchased a 60 per cent share, while GS Energy and GS Neotek acquired 34 and 6 per cent, respectively.

    The deal’s financial details were kept between the firms. The projected cost of the transaction is $7.8 million, according to rumours.

    In order to concentrate on its growing markets, such as electric cars, the internet of things (IoT), and B2B solutions, LG Electronics shut down its loss-making mobile business about a year ago.

    To make EV charging in South Korea a pleasant and simple experience for drivers, LG Electronics is prepared to take advantage of its experience in developing user-friendly interfaces.

    The company added that by entering the EV charging market, LG can increase the synergy between its work on EV batteries, energy storage systems, energy management solutions, and chargers.

    By the end of this year, the tech giant intends to establish an EV charger production line at LG Digital Park in South Korea with the goal of offering specialised EV charging options for private houses, retail establishments, lodging facilities, and public organisations.

    The acquired company brings to the acquisition a wide range of EV charging solution technologies, from slow chargers to rapid chargers for household and commercial use.

    LG did not specify whether it planned to continue selling AppleMango’s chargers.

  • Italian spyware hacks Apple and Android smartphones

    Italian spyware hacks Apple and Android smartphones

    A report released on Thursday by Alphabet Inc.’s Google revealed that a hacking tool created in Italy was used to spy on Apple Inc. and Android smartphone users in Kazakhstan and Italy.

    The report claimed that RCS lab, a Milan-based company whose website lists European law enforcement agencies as clients, created tools to spy on the private messages and contacts of the targeted devices.

    Regulators in Europe and America have been considering possible revisions to the laws governing the sale and import of spyware.

    “These vendors are enabling the proliferation of dangerous hacking tools and arming governments that would not be able to develop these capabilities in-house,” Google said.

    According to Billy Leonard, a senior researcher at Google, the hackers occasionally collaborated with the target’s ISP, which suggests that they had connections to the government.

    Requests for comment from the governments of Italy and Kazakhstan were not immediately returned. According to a spokesperson for Apple, the company has cancelled all known accounts and certificates linked to this hacking campaign.

    According to RCS lab, its goods and services are compliant with European regulations and support criminal investigations.

    Government spyware has become a growing global industry in recent years. More and more businesses are being accused of supporting governments that, in some cases, use these tools to repress civil and human rights.

    When it was discovered that numerous governments were using the Pegasus spyware from Israeli surveillance firm NSO to spy on journalists, activists, and dissidents, there was a widespread outcry against the industry.

  • Here’s how to build your new laptop without going to a shop

    Here’s how to build your new laptop without going to a shop

    As online purchasing and selling have evolved, you can now choose and order a laptop from a number of Pakistani websites without going to the market in person.

    Some of the most popular websites for online shopping include Daraz, laptopmart.pk, myshop.pk, mrlaptop.pk, telemart.pk and OLX.

    There is a distinct and significantly more effective website that delivers much more than just selling factory goods. The laptop shopping website paklap.pk offers a variety of brands from which you can choose one of your preferred models. Whatever brand or model you’re looking for, Paklap has it, from boxy Lenovo Thinkpads to sleek Apple MacBooks.

    The platform’s most intriguing feature is that it even lets you select your preferred RAM, HDD storage, and SSD storage and provides a precise cost estimate for the laptop after your chosen upgrades. In addition to laptops, the website lists a wide range of computer accessories and numerous gadgets for online shoppers at affordable prices.

    Building your new laptop and obtaining an exact price quote while you’re still in bed seems like a brilliant idea, particularly for those who lack the time to go to the market, haggle, and inquire about the cost of each upgrade.

    Despite the minimal effort, you should still confirm or check the market prices of each item you intend to purchase.

  • PTA temporarily unblocks non-compliant smartphones

    PTA temporarily unblocks non-compliant smartphones

    A number of Pakistani users have regained cellular connectivity on smartphones that are not PTA compliant. This led many customers and sellers to believe that the PTA had unblocked all non-PTA-approved phones.

    Unfortunately, all of the reports claiming that the PTA has unblocked non-tax compliant phones are false as the majority of imported phones with unpaid taxes, are still blocked by the Pakistan Telecommunication Authority (PTA) and cannot work with any cellular networks in the country.

    They can, however, continue to use Wi-Fi connections like before. Some people with unapproved phones had their phones unblocked at random in recent weeks, allowing them to reconnect to cellular networks.

    The telecommunications authority has made clear that it has unblocked an undefined number of non-approved phones solely to motivate people to pay taxes and have their phones properly unblocked.

    According to PTA spokesperson Khurram Ali Mehran, this was just a persuasive drill to get people to authenticate their phones and pay taxes, no matter how expensive they are.

    He stated that the PTA chose to unblock the phones at random and that they will all be blocked again within two months.

  • Twitter is testing 2,500 word limit ‘Notes’ feature

    Twitter is testing 2,500 word limit ‘Notes’ feature

    Twitter announced on Wednesday that it is testing a new feature called ‘Notes’ that will allow users to create long-form content utilising rich formatting and uploaded media.

    The new feature allows users to share ‘Notes’ up to 2,500 words long. Presently, posts on the social media platform are limited to 280 characters.

    Once published, these notes can be tweeted and shared with followers. It will include embedded photos, GIFs, videos, tweets, etc.

    https://twitter.com/TwitterWrite/status/1539640956915290112

    According to Dr Laura Toogood, a social media specialist, the trial was an important step for Twitter. She stated that this feature would encourage users to stay on the platform rather than linking to other websites that could host long-format content.

    “Adding this extra capability means that Twitter is now in a position to compete with some of the popular blogging platforms and potentially attract a new audience and a different type of user,” she added.

    The two-month test will include a small group of authors from Canada, Ghana, the United Kingdom, and the United States.

  • Samsung Galaxy S23 to get a massive camera upgrade: Leak

    Samsung Galaxy S23 to get a massive camera upgrade: Leak

    Soon after the release of the Galaxy S22 series, a source claimed that Samsung had begun “Project Diamond” development on the Galaxy S23 series. More details regarding the company’s upcoming flagship devices are now becoming available months later.

    Samsung will reportedly update the selfie camera in the vanilla and larger editions of the forthcoming Galaxy S series phones, according to a claim by GalaxyClub. The business has been utilising the same front-facing camera since 2019 for those who are unaware.

    The same 10MP selfie camera is included in every Galaxy S series phone (apart from Ultra variants), from the Galaxy S10 series to the Galaxy S22 series. Apparently, this will finally change with the coming generation.

    According to the rumour, Samsung would equip the Galaxy S23 and Galaxy S23 Plus with a 12MP front-facing camera. The Galaxy S23 Ultra’s selfie camera is not mentioned in any way. A 40MP front-facing camera has been standard on Ultra variants up to this point.

    The Galaxy S23 series’ 12MP selfie camera’s placement underneath the display or inside a punch-hole is unknown at this time. We anticipate learning more information about the devices in the upcoming months as their release is still over a year away.

  • Sony, Honda form joint venture to build electric cars together

    Sony, Honda form joint venture to build electric cars together

    Sony and Honda have formally signed a joint venture agreement to form an electric vehicle (EV) manufacturing company. The new business is named “Sony Honda Mobility Inc.,” with Sony taking precedence over the proven automaker.

    Honda executive Yasuhide Mizuno has been named chairman and CEO, and Sony executive vice president Izumi Kawanishi has been named president and COO.

    As previously stated, the partnership will make use of “Honda’s cutting-edge environmental and safety technologies, mobility development capabilities, vehicle body manufacturing technology, and after-sales service management experience,” as well as Sony will contribute “imaging, sensing, telecommunications, network, and entertainment technologies” in the meantime.

    Honda is lagging behind competitors in EV progression, with the Honda E as its only electric vehicle, but it has recently accelerated its plans. It announced a partnership with GM earlier this year to co-develop a series of affordable electric vehicles based on a global architecture and GM’s Ultium battery technology. Honda and Acura SUVs are expected to be available in North America by 2024.

    Honda also announced last year that by 2040, it will have converted its entire vehicle lineup to electric and fuel-cell vehicles. It will invest $40 billion and launch 30 new electric vehicles by 2030 as part of this plan.

    Meanwhile, Sony has unveiled not one, but two self-designed electric vehicles, the Vision-S EV and Vision-S 02 electric SUV. It’s unclear how Sony Honda Mobility fits into all of these plans, but we should find out more information soon.