🇳🇿 Larry Page, Google’s Co-Founder, Gets New Zealand Residency

07/07/2021

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Larry Page, Google’s Co-Founder, Gets New Zealand Residency

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After living through the coronavirus pandemic in New Zealand, one of the famed co-founders of Google, Larry Page, has been granted New Zealand residency.

Page opted for New Zealand’s “Investor Plus” residency visa, under which, the applicant is required to invest NZ$10 million (US$7 million) over 3 years in the country.

Having applied for New Zealand residency in November 2020, Larry Page’s application remained in limbo due to him not being physically present in the country.

His application was finally processed one day after the Page family applied for urgent evacuation from Fiji for medical reasons, January 12 to be specific.

The Immigration department of New Zealand issued a statement about granting residency to Page:

“Once Mr. Page entered New Zealand, his application was able to be processed and it was approved on 4 February 2021.”

With $100 Million Donation, a Space-based Solar Project Aims to Reflect Solar Power to Earth

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Have you ever wondered how game-changing it can be to reflect clean solar power from space to earth?

You would be excited to know that there is already a research project underway to make it a reality.

Caltech has been working on this sci-fi like project for a decade. The project has been at least active since 2013, when Donald and Brigitte Bren first provided a donation for the very first time.

Donald has been interested in the space-based solar energy project since the time he heard about it in Popular Science.

He proposed to fund a research project at Caltech to pursue the space-based solar project. So far, Donald has donated more than $100 million to the project.

The idea to explore space for harnessing the true potential of renewable energy came from its current limitations.

After all, the current solar energy generation process is dependent on many factors, including weather, season and time of day.

Then comes the inherent issues with solar panels, as they don’t operate at full capacity even under ideal conditions.

But placing solar panels in orbit changes all that. Once it is in orbit, these panels will have full exposure to full sunlight.

There won’t be any reduction in the intensity of the sunlight as it won’t have to pass through Earth’s atmosphere and magnetosphere before hitting the solar panels.

As per Ali Hajimiri, the co-director of the project, the project is expected to launch in Q1 2023.

Ukraine to Allow Crypto Payments

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Although the country still does not recognize cryptocurrencies like Bitcoin as legal tender, the deputy minister of Ukraine’s Ministry of Digital Transformation, Oleksandr Bornyakov, is confident of the new crypto bill the government is about to bring in.

The bill would allow payments in cryptocurrency, and the minister believes that it would be ‘quite legal to pay with cryptocurrencies’ through payment intermediaries, enabling crypto-to-fiat conversions.

Minister Bornyakov also believes that the bill would encourage a “whole market of intermediary services for payment of goods by cryptocurrencies.”

The crypto payment bill is one of the many initiatives that the government has taken in the recent past.

For instance, the Ministry of Digital Transformation recently recommended the adoption of an updated draft bill on virtual assets. Encouraged by the provisions of this bill, local e-bank Monobank decided to launch a debit card featuring Bitcoin trading.

The President of Ukraine, Volodymyr Zelensky, signed another law on payment services, enabling the central bank of the country to issue a digital currency — the digital hryvnia.

Apple’s Anti-Child Abuse Bill Comes With Its Concerns

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Apple is going to launch a new feature aimed at preventing child exploitation.

As part of Apple’s Expanded Protections for Children, it will scan images on iPhones and other devices before they go up on iCloud.

If Apple finds an image to be matching with one of the images in the National Center for Missing and Exploited Children (NCMEC) database, it will review whether the image contains child pornography.

On positive confirmation, the NCMEC will be alerted, and Apple will disable the user’s account.

However, organizations like the Electronic Frontier Foundation believe that it is not feasible to set up a “scanning system that can only be used for sexually explicit images sent or received by children,” without eventually breaking the “key promises of the messenger’s encryption itself.”

The Apple authorities maintain that the company will upkeep its “deep commitment to user privacy.”

AROUND THE WEB

😨 Gigabyte Suffers Ransomware Attack: Gigabyte, the well-known PC component maker, has suffered a ransomware attack that has only hit a few internal servers and — thankfully — not its production systems.

💰 Venezuela to Launch a CBDC: Apart from launching a central bank digital currency (CBDC) in October, Venezuela’s Central Bank will carry out a monetary redenomination, cutting six zeros from the currency due to mounting inflation.

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