Chinese watchdogs backed their regulatory scrutiny on their tech sector as they spoke on Tuesday with Wall Street executives disclosing that regulations are meant to enforce tech companies, not crush them. Fang Xinghai, China’s Securities Regulatory Commission Vice Chairman, told the executives that the government’s latest conduct on tech firms was aimed to enhance their regulations, in addition to bolstering national security and data privacy. […]
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Famous Non-Fungible Tokens (NFT) crypto marketplace OpenSea reported on Wednesday that one of its leading executives has been exploiting the platform’s insider information to cannily market digital collectibles from his wallet. OpenSea disclosed that one of its employees was indulging in a trading scheme conducted by utilizing private crypto wallets to buy and sell NFT collectibles on its site and revealed that […]
Man who pleaded guilty to securities fraud for cheating investors in his cryptocurrency fund of over $50 million was sentenced to over seven years in prison Wednesday by a judge who questioned the sincerity of his apology. U.S. District Judge Valerie E. Caproni in Manhattan imposed the 7 1/2-year sentence Wednesday on Stefan He Qin, […]
In its latest regulatory maneuver, China proceeds to aim its regulatory glaze at its Big Tech giants by demanding to end a long-established practice of prohibiting each other’s connection on their sites, a move that could result in catastrophic consequences on its domestic market and China-based companies’ stakes. Beijing’s move raised the distress level amongst […]
Remember when Amazon took the tech industry by surprise when it launched its palm-scanning technology to provide customers with the option of purchasing goods at Whole Foods and its own cashier-less stores? Well, the retail giant is now responsible for expanding its palm-scanning tech to allow fans to enter sports, music, and other live entertainment […]
Three former U.S. intelligence and military officials have admitted providing sophisticated computer hacking technology to the United Arab Emirates and agreed to pay nearly $1.7 million to resolve criminal charges in an agreement that the Justice Department described Tuesday as the first of its kind. The defendants — Marc Baier, Ryan Adams and Daniel Gericke […]
The battle between YouTube and Discord music bots continues, and this time, Rythm, the most popular music bot on Discord is taking the hit. Weeks after Google-owned YouTube shut down Groovy Bot, marking its first cease and desist, the popular video streaming platform is officially forcing Rythm to shut down. Citing copyright violations, the search […]
After almost 6 years since YouTube’s launch, the video streaming site now boasts 50 million Music and Premium subscribers. The milestone marks a 30 percent increase from December of last year, which indicates that a great number of users are willing to enhance their free YouTube experience by paying to subscribe to the premium version. […]
The Court of Justice in the European Union (CJEU) ruled on Thursday against German mobile operators Telekom Deutschland and Vodafone for violating domestic authorities’ bloc net neutrality and roaming regulations for their “Zero-rating” scheme, following national investigations. The EU ruling was based on the compatibility of services provided by the telcos, following limitations on bandwidth […]
Apple will officially give developers of certain apps the option to link their customers to external websites to conduct their payments, addressing a longstanding App Store complaint that’ll solve the tech giant’s in-app payment system and its 30 percent cut. In a statement, the California-based company noted that changes will appear by early next year […]