The collapse of the tokens linked to the Terra ecosystem, stablecoin terraUSD (UST) and Luna (LUNA), has led to some major investors coming clean and detailing their losses. Two more backers of Terra are disclosing exactly how their balance sheets have been affected. Delphi Digital, a research firm and boutique investor, said in a blog Read more about Hashed Takes $3.5B Hit, Delphi Digital Discloses Loss After Terra’s LUNA Collapse[…]

Melvin Capital, once one of Wall Street’s most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year’s market slump. Gabe Plotkin, widely regarded as one of the industry’s best traders after posting years of double digit returns, told investors that the Read more about Melvin Capital shutters down after trying to kill Gamestop[…]

Apple has announced an update to its subscription policy that’s supposed to make auto-renews seamless but could also lead to surprise charges. Under the old policy, the tech giant will ask users to opt in before they’re charged for a subscription that has recently raised its price. Going forward, however, it will allow developers to Read more about Apple will allow some apps to automatically charge you higher subscription prices[…]

Amazon.com Inc.’s main European retail business reported 1.16 billion euros ($1.26 billion) of losses in 2021, which allowed the company to pay no income tax and receive 1 billion euros in tax credits, corporate filings seen by Bloomberg show. The Luxembourg-based business recorded sales of 51.3 billion euros last year, up 17% from 43.8 billion Read more about Amazon (AMZN) Europe Unit Pays No Taxes on $55 Billion Sales in 2021[…]

Pokémon-style NFT battler Axie Infinity was one of the biggest “success” stories in the world of crypto gaming. Now it’s responsible for one of the biggest thefts in the history of the technology. The gaming-focused blockchain Ronin Network announced earlier today that an Axie Infinity exploit allowed a hacker to “drain” roughly $600 million worth Read more about Pokémon-Like NFT Game Axie Infinity Scammed Out Of $600 Million[…]

GameStop  (GME) – Get GameStop Corp. Class A Report shares extended declines Tuesday, after being halted by officials on the New York Stock Exchange, in a move that could snap the meme stock’s longest winning streak in more than a decade. Both GameStop and AMC Entertainment  (AMC) – Get AMC Entertainment Holdings, Inc. Class A Report names Read more about GameStop, AMC Stocks Halted On NYSE after reaching above $500,- per share[…]

A now-former HP finance planning manager pleaded guilty on Wednesday to charges of wire fraud, money laundering, and filing false tax returns that follow from the misappropriation of company funds. According to the US Justice Department, Shelbee Szeto, 30, of Fremont, California, worked at HP Inc from August 2017 through June 2021, first as an Read more about HP staffer blew $5m on personal expenses with company card[…]

Satish Kumbhani, who is accused of scamming people out of $2.4bn in a cryptocurrency Ponzi scheme, has disappeared while evading an American watchdog, a court was told this week. The BitConnect founder fled his home nation of India and went to ground in another country as the US Securities and Exchange Commission sought to serve Read more about BitConnect boss accused of $2.4bn fraud has disappeared[…]

We’ve said it over and over again, if libraries did not exist today, there is no way publishers would allow them to come into existence. We know this, in part, because of their attempts to stop libraries from lending ebooks, and to price ebooks at ridiculous markups to discourage libraries, and their outright claims that Read more about Penguin Random House Demands Removal Of Maus From Digital Library Because The Book Is Popular Again after ban in the US[…]

At the same time car companies are fighting the right to repair movement (and the state and federal legislation popping up everywhere), they’re continuing the quest to turn everyday features — like heated seats — into something users have to pay a recurring fee for. In 2019, BMW had to abandon a plan to charge Read more about Automakers Can’t Give Up The Idea Of Turning Everyday Features Into Subscription Services With Fees[…]

[…] Knox describes herself as “one of the most outspoken sex workers, particularly for crypto.” Her interest kicked off in 2014, which is when she says several vendors, including PayPal, Square Cash, and Venmo, shut down her accounts because of red flags related to sex work. So Knox started accepting cryptocurrencies instead. Her first exchange Read more about Bitcoin a lifeline for sex workers, like ex-nurse making $1.3 million – banks and other payment providers refuse to process them[…]

The Dutch antitrust watchdog on Monday fined apple Apple (AAPL.O) 5 million euros ($5.72 million) for a third time for failing to allow software application makers in the Netherlands to use non-Apple payment methods for dating apps listed in the company’s App Store. The Authority for Consumers and Markets (ACM) has been levying weekly fines Read more about Dutch watchdog fines Apple $5.7 million for 3rd weekly time in App Store dispute[…]

Developers reacted with astonishment and anger at Apple’s 27% commission policy as a minimal form of compliance with a new antitrust law regarding the App Store. One leading developer described the move as ‘vile,’ while another said Apple is deliberately ensuring it would cost developers more to opt-out of Apple’s payment system than it would Read more about Developers react to Apples 27% commission with astonishment, anger[…]

Intel Corporation no longer has to pay a €1.06bn ($1.2bn, £890m) fine imposed by the European Commission (EC) in 2009 for abusing its dominance of the chip market. On Wednesday, the General Court of the European Union annulled the EC antitrust penalty [PDF] after previously upholding it in 2014 [PDF]. After rival AMD complained in Read more about Intel’s $1.2bn EU antitrust fine cancelled by court 12 years after Intel didn’t pay up[…]

In January 2021, stock trading app Robinhood infuriated users when it responded to surging trades of so-called meme stocks, by halting trades—effectively preventing users from selling shares until the prices had collapsed. Congressional hearings, regulatory probes, and a deluge of regulatory complaints and lawsuits ensued, which was at least one cause of its initial public Read more about Robinhood Must Pay User $29,460 Over Meme Stock Trading Halt[…]

Apple will grudgingly allow dating app developers in the Netherlands to use alternative payment methods in the App Store, but it doesn’t like it, and the score hasn’t been settled yet. In an update on its developers’ blog on Friday, Apple said dating app developers will have two new optional “entitlements” in the App Store, Read more about Apple Lets Developers in the Netherlands Offer Payment Options, escape from the 30% squeeze[…]

Thieves operating for the North Korean government made off with almost $400m in digicash last year in a concerted attack to steal and launder as much currency as they could. A report from blockchain biz Chainalysis found that attackers were going after investment houses and currency exchanges in a bid to purloin funds and send Read more about North Korea made ‘$400m’ in cryptocurrency heists last year[…]

Yet another developer of open source software has tired of companies utilizing the code he helps maintain without giving anything back to support the project. On Tuesday, Christofer Dutz, creator of Apache PLC4X, said he will stop providing community support for the software if corporate users fail to step up and open their wallets. “The Read more about Open source maintainer PLC4X hits out at corporate freeloaders, stops offering free support[…]

The Federal Trade Commission’s antitrust complaint that Facebook, er, Meta operates as a monopoly will be heard by the courts after the US watchdog’s initial lawsuit was dismissed. In December 2020, the FTC accused Meta of “illegally maintaining its personal social networking (PSN) monopoly through a years-long course of anticompetitive conduct.” It threatened to break Read more about FTC’s latest monopoly lawsuit against Meta Facebook gets go-ahead[…]

The Dutch antitrust authority has found that Apple’s rules requiring software developers to use its in-app payment system are anti-competitive and ordered it to make changes, four people familiar with the matter said, in the latest regulatory setback for the iPhone maker. Apple’s app-store payment policies, in particular its requirement that app developers exclusively use Read more about EXCLUSIVE Dutch watchdog finds Apple app store payment rules anti-competitive – sources[…]