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, […]
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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 […]
India’s Union Cabinet approved on Wednesday a profusion of the eagerly anticipated relief package aiming to support the country’s distressed telecom sector by providing the option of converting interest on spectrum dues into government equity. Prime Minister Narendra Modi’s Union Cabinet confirmed nine structural reforms and five process reforms leading to a transformation of India’s […]
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 […]
Myanmar’s military government is forcing Norwegian provider Telenor to pursue other buyers following blunt corruption allegations against Lebanese-owned investment firm M1 Group, with rumors of suspected relations to Syrian President Bashar Al-Assad. M1 Group is a Lebanese conglomerate that owns, manages, and oversees investments and subsidiaries in various sectors such as telecommunications, real estate, aviation, […]
A study conducted on Microsoft employees in the U.S. found that the company’s unprecedented transformation to remote work resulted in a decline in communication and collaboration levels between internal departments, risking employee productivity and long-term innovation. The findings are a result of a peer-reviewed study consisting of over 61,000 Microsoft employees, published on Thursday by […]
Apple’s big launch event yesterday was full of new announcements, ranging from the iPhone 13 models to the anticipated Apple Watch Series 7. However, as new iPhones took over the spotlight, other standbys had to be booted out. The iPhone 12 Pro and 12 Pro Max will no longer be available for purchase in Apple’s […]
Apple unveiled its next iPhone line-up, including a model that offers twice the storage available in earlier versions and other modest upgrades to last year’s editions that proved to be a big hit among consumers devouring the latest technology during the pandemic. The pre-recorded video event streamed Tuesday gave Apple a chance to present a […]
One week after El Salvador became the first country to make bitcoin legal tender, problems continued to plague the system Tuesday. El Salvador rolled out a digital wallet known as the “Chivo” on Sept. 8, but the system has often been down for maintenance. It may have been overloaded by the sheer number of Salvadorans […]
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 […]