Wire Card’s missing 1.9 Billion Euros- the Accounting Scandal That Broke the Internet

For the last year, the Financial Times had been reporting that Wirecard, the German payment processing Fintech Company which was launched during the “dotcom” boom in 1999 helping websites and merchants collect credit card payments from their customers was faking some of its revenue. Wirecard fought back accusing the reporters for conspiring with short sellers to push down its stock price. About a month ago, Wirecard disclosed that some of its cash was missing and eventually admitted that there is a likelihood that the bank account with which the sum of 1.9 Billion Euros was in, does not exist.

Sim Cards are Now Virtual and here’s Why We like It- MTN’s eSim Launches in Nigeria

MTN announced on July 15, 2020 that its virtual sim cards are now available in Nigeria. These eSim (embedded sim) is built into the smart device and provides the same function as the physical Sim cards; the difference is they cannot be damaged or lost like the physical ones. In cases where there is a damaged phone, the user will need to visit an MTN store to have it deactivated. Also, the MTN eSim can have more than the limited 200 contacts the physical cards carry.

5G Network Out, 6G In?

Since 2019, we have been hearing about the 5G network and honestly it has gotten a bit tiresome and unnecessarily dragged out. The 6G network however, is slowly garnering some attention. Technically, the 6th generation of wireless communication does not exist yet but this does not mean it is not already being worked on- particularly by the big techs like Samsung, which seems to be leading the interests to the 6G era.

Does the Nigerian Educational System Need Support From Tech Companies?

Reportedly, Facebook has identified a new era of opportunity to further spread its tentacles in the world’s second largest internet market- India. At the beginning of this week the social media giant announced that it had partnered with the Central Board of Secondary Education, a government body that oversees education in private and public schools in India to launch a certified curriculum on digital safety and online well-being, and augmented reality for students and educators in the country.

Tech CEO Resigns after Video of Racist Remarks Go Viral- Was This the Best Reaction?

Micheal Lofthouse and his San Francisco based IT Company, Solid8 has been under major scrutiny in the last week for his “racist outburst” on July 4th in California’s Lucia Restaurant at the Bernardus Lodge in Carmel Valley. CNN confirms that he has stepped down as CEO of his company in an email which read: “I can confirm that I have stepped down from Solid8, terminating all business relationships with immediate effect, “I will make it my duty to ensure my personal actions do not continue to have a detrimental impact on those people closest to me.”