Singapore’s police have ordered Apple and Google to mitigate the spoofing of government agencies on their messaging platforms, Reuters reported Nov. 25. The directive was issued under the country’s Online Criminal Harms Act after police observed scams on iMessage and Google Messages that impersonated local organisations such as SingPost.
According to the home affairs ministry, government agencies already use a local SMS registry that prevents their “gov.sg” name from being copied in regular text messages. That safeguard does not extend to Apple and Google’s internet-based messaging apps, where fraudulent accounts can appear alongside legitimate SMS messages.
The ministry said both companies have committed to following the order and encouraged users to update their apps to activate the new protections.
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Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more