Posted inGaming, Government

AMLC urges banks to monitor play-to-earn game transactions more diligently

Electronic money institutions and banks should scrutinize more closely transactions involving cryptocurrencies from play-to-earn video games, according to the Anti-Money Laundering Council (AMLC). In a Viber message shared by BusinessWorld, AMLC Executive Director Mel Georgie B. Racela said that these firms should “conduct customer due diligence,” and file suspicious transaction reports should they suspect any […]

Posted inSpotlight, Tech News

Hackers exploit Spring4Shell vulnerability to spread Mirai malware

The Spring4Shell vulnerability was discovered in the Spring Framework, which is used for developing enterprise-level applications in Java. A few days since then, experts have found evidence that the vulnerability is being actively abused by hackers to spread Mirai, a malware that mainly targets Internet of things (IoT) devices. As observed by Trend Micro researchers, […]

Posted inSpotlight, Tech News

Google is tightening lending apps approval process in the Philippines

The Philippines’ Securities and Exchange Commission (SEC) said that to fight the illegal and abusive lending practices in the Philippines, Alphabet Inc.’s Google promises to provide stricter approval and review process for lending apps in the Play Store. Google may require developers additional proof and documents to prove their license to operate as an online […]

Posted inBusiness, Tech News

Voyager Innovations raises $210M for PayMaya service expansion

Voyager Innovations, a digital unit of PLDT, has raised $210 million (approx. ₱10.9 billion) to expand the services of its online payment platform PayMaya. With the newly raised funding from SIG Venture Capital, EDBI, First Pacific Company, and other investment firms, Voyager has boosted its valuation to $1.4 billion (~₱72.8 billion). Existing shareholders such as […]