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MODEC and Terra Drone Extend Game-Changing Drone Partnership for FPSO Tank Inspections
Tech

MODEC and Terra Drone Extend Game-Changing Drone Partnership for FPSO Tank Inspections

MODEC has renewed its joint research and development (R&D) agreement with Terra Drone, reinforcing their collaboration on using drone technology to carry out internal inspections of crude oil storage tanks aboard floating production, storage, and offloading units (FPSOs). The partnership marks a critical step in advancing the use of unmanned aerial vehicles (UAVs) for high-risk

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Alabama Recovers $125K in Crypto Lost to Romance Scams Amid Global Surge in 'Pig Butchering' Fraud
Crypto

Alabama Recovers $125K in Crypto Lost to Romance Scams Amid Global Surge in ‘Pig Butchering’ Fraud

MONTGOMERY, Alabama— Alabama regulators have successfully recovered more than $125,000 in cryptocurrency for two residents who were victims of so-called “pig butchering” scams, an increasingly common form of romance-based fraud that cost them a combined $580,000. According to a statement released Friday, the Alabama Securities Commission (ASC) was able to retrieve $53,227.81 for a victim

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Philippines Urged to Tighten Crypto and Online Gambling Oversight After Gray List Exit
Crypto

Philippines Urged to Tighten Crypto and Online Gambling Oversight After Gray List Exit

MANILA, Philippines— As the Philippines celebrates its removal from the European Commission’s ‘high-risk’ list for money laundering, calls are mounting for tighter regulation of two of its fastest-growing but most vulnerable sectors: cryptocurrency and online gambling. Experts, including global credit agency Moody’s, warn that despite the country’s progress in aligning with global anti-money laundering standards,

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Palace Warns Officials Sharing Fake AI Content Undermines Public Trust
AI

Palace Warns Officials: Sharing Fake AI Content Undermines Public Trust

MANILA, Philippines— The spread of artificial intelligence-generated content by government officials is raising alarm bells in the palace, as press officer Claire Castro emphasised Monday that such behaviour seriously erodes public trust. The remarks come after Sen. Ronald “Bato” dela Rosa and Davao City Mayor Sebastian “Baste” Duterte shared a questionable video that appeared to

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10 Crypto Scam Red Flags Every Investor Should Know Before Signing Up
Crypto

10 Crypto Scam Red Flags Every Investor Should Know Before Signing Up

The explosive growth of cryptocurrency has created a financial revolution, but it’s also opened the door to a wave of scams targeting unsuspecting investors. With decentralised platforms, lax oversight, and an influx of first-time users, fake crypto investment sites have become one of the most common fraud tactics in the digital asset space. Experts are

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Crypto Remittances to Latin America Surge 40% Amid Growing Adoption and ATM Expansion
Crypto

Crypto Remittances to Latin America Surge 40% Amid Growing Adoption and ATM Expansion

Buenos Aires, June 15, 2025— Cryptocurrency remittances to Latin America have climbed nearly 40%, a sharp rise that underscores the region’s growing embrace of digital currencies as a preferred method for cross-border money transfers. According to recent reports by blockchain analytics firm Chainalysis and the Australian Transaction Reports and Analysis Centre (AUSTRAC), the jump reflects

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Binance Assists Philippines in Tracing $3.75M Crypto Ransom Linked to Offshore Gambling
Crypto

Binance Assists Philippines in Tracing $3.75M Crypto Ransom Linked to Offshore Gambling

In a breakthrough investigation blending law enforcement precision and blockchain technology, the Philippine National Police (PNP) successfully traced a $3.75 million crypto ransom with the help of Binance. The operation, which involved digital forensics and cross-border coordination, highlights how crypto platforms like Binance are becoming key allies in the global fight against digital financial crime.

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DTI Launches 247 AI Chatbot to Cut Red Tape and Simplify Business Services
AI

DTI Launches 24/7 AI Chatbot to Cut Red Tape and Simplify Business Services

In a significant step towards digital transformation, the Department of Trade and Industry (DTI) has officially launched a new artificial intelligence (AI)-powered chatbot designed to fast-track business-related services and simplify compliance processes nationwide. The AI web interface, accessible round-the-clock via the DTI’s Integrated Registration Information System (iRegis) at https://iregis.dti.gov.ph, marks a major shift in the

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