Tax records obtained by The New York Times appear to show that President Trump reduced his taxable income by treating his eldest daughter, Ivanka Trump, as a consultant, then deducting this as a business expense. The Times reports that Trump Organization tax records show between 2010 and 2018, President Trump wrote off as business expenses Read more about Report: Financial records appear to show Ivanka Trump got ‘consulting fees’ to reduce father’s tax bill[…]

A cryptocurrency exchange called KuCoin says it has been cracked, with over $100m of assets misappropriated. The Register last covered KuCoin when it was mentioned by the Bitcoin-burgling cybercrooks who hacked a bunch of prominent Twitter users. The Seychelles-based outfit, founded in 2017, proudly boasts of its venture capital backers who clearly admire its services Read more about Kukooin Crypto exchange cracked, $130m in Bitcoin burgled[…]

President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report Sunday in The New York Times. Trump, who has fiercely guarded his tax filings and is the only president in modern times not to make them Read more about Trump Paid $750 in Income Tax in 2016 and 2017[…]

A judge in Washington has temporarily blocked a Trump administration order banning Apple and Google from offering Chinese-owned app TikTok for download that was set to take effect at 11:59pm on Sunday. US district judge Carl Nichols granted a preliminary injunction sought by TikTok’s owner, ByteDance, to allow the app to remain available at US Read more about US judge temporarily blocks Trump shakedown order banning TikTok app store downloads[…]

Facebook has temporarily shamed Apple out of taking a 30 percent cut of paid online events organized by small businesses and hosted on Facebook—things like cooking classes, workout sessions, and happy hours. Demand for these kinds of online events has soared during the COVID-19 pandemic. Apple says that it has a longstanding policy that digital products Read more about Apple backs down on taking 30% cut of paid online events on Facebook – for a few months[…]

Some makers of smart speakers, video doorbells and other hardware hit roadblocks buying key ads in search results on Amazon; gadgets made by e-commerce giant get edge. From a report: Amazon.com is limiting the ability of some competitors to promote their rival smart speakers, video doorbells and other devices on its dominant e-commerce platform, according Read more about Amazon Restricts How Rival Device Makers Buy Ads on Its Site[…]

Google has decided to shut down the Chrome Web Store payments API permanently after what was supposed to be a temporary closure at the start of the year. In January, the internet advertising biz halted the publication of Chrome apps, extensions, and themes in the Chrome Web Store that were either paid-for or took in-app Read more about Another body for the Google graveyard: Chrome Web Store payments, citing alternatives – unlike Apple. Costs were 5%, also unlike Apple’s 30%.[…]

Leaked documents involving about $2tn of transactions have revealed how some of the world’s biggest banks have allowed criminals to move dirty money around the world. They also show how Russian oligarchs have used banks to avoid sanctions that were supposed to stop them getting their money into the West. It’s the latest in a Read more about All you need to know about FinCEN documents leak[…]

Europe’s top court has decided that the continent’s network neutrality rules will stand, rejecting challenges from the telecoms industry. In a ruling [PDF] on Tuesday, the Court of Justice of the European Union (CJEU) decided that “the requirements to protect internet users’ rights and to treat traffic in a non-discriminatory manner preclude an internet access Read more about Net neutrality lives… in Europe, anyway: Top court supports open internet rules, snubs telcos and ISPs[…]

In late 2016, Nikola Motor Company founder Trevor Milton unveiled a prototype of the Nikola One truck, claiming it “fully functions and works, which is really incredible.” A couple years later, in January 2018, the company showed the Nikola One truck moving rapidly along a two-lane desert highway. But last week, the short-selling investment firm Read more about Nikola Admits Prototype Was Rolling Downhill In Promo Video[…]

Alphabet Inc.’s Google faces a multibillion-dollar lawsuit in the U.K. over claims that YouTube routinely breaks privacy laws by tracking children online. The suit, filed on behalf of more than 5 million British children under 13 and their parents, is being brought by privacy campaigner Duncan McCann and being supported by Foxglove, a tech justice Read more about Google Faces $3 Billion U.K. Suit Over Use of Children’s Data[…]

A new report by the consumer watchdog group Public Citizen accuses Amazon of price gouging during the pandemic. According to the group, Amazon increased the prices of essential items like masks, hand sanitizer, disinfectant spray, paper towels and toilet paper. According to the report, the cost of a 50-pack of disposable face masks jumped from Read more about Watchdog accuses Amazon of price gouging during the pandemic[…]

Step 1: Forget what you think you know If you want to commit significant financial crime, therefore, you need a bank account, because electronic cash weighs nothing, no matter how much of it there is. But that causes a new problem: the bank account will have your name on it, which will alert the authorities Read more about How Britain can help you get away with stealing millions: a five-step guide[…]

Blogger/science fiction writer Cory Doctorow (also a former EFF staffer and activist) has just published How to Destroy Surveillance Capitalism — a new book which he’s publishing free online. In a world swamped with misinformation and monopolies, Doctorow says he’s knows what’s missing from our proposed solutions: If we’re going to break Big Tech’s death Read more about Cory Doctorow’s New Book Explains ‘How to Destroy Surveillance Capitalism’[…]

Powell’s Books says it won’t sell on Amazon anymore, declaring that the online retail giant undermines communities by siphoning business from the real world and replacing it with internet commerce. “For too long, we have watched the detrimental impact of Amazon’s business on our communities and the independent bookselling world,” CEO Emily Powell wrote in Read more about Powell’s says it won’t sell books on Amazon anymore: ‘We must take a stand’[…]

Intel, HP, Tesla and a host of other tech giants have written to America’s Federal Trade Commission (FTC) urging it to appeal Qualcomm’s legal win against the watchdog in a row over patent fees. The FTC had successfully sued Qualcomm, arguing the corporation rode roughshod over antitrust laws, only for that victory to be overturned Read more about Intel, HP, Tesla, etc protest to US monopoly watchdog: FTC vs Qualcomm case overturned to the surprise of all[…]

Apple has clarified the situation with the WordPress iOS app, apologizing for the mistake of blocking developer updates to the app until they added in-app purchases, despite the app not including any functionality involving payments. On Friday, it was reported the lack of app updates for the WordPress app were due to it being “locked” Read more about Apple apologises to WordPress for forcing in-app purchases and U-turns[…]