The US Securities and Exchange Commission agreed to delay a civil trial against Terraform Labs and co-founder Do Kwon for allegedly orchestrating a $40 billion (roughly Rs. 3,32,329 crore) cryptocurrency fraud, so that Kwon can be extradited and attend. In a Monday filing in Manhattan federal court, the SEC said a “modest” adjournment of the … Read more
Microsoft has entered into a 10-year commitment to bring the gaming title Call of Duty to Nintendo platforms, the Chief Executive Officer of Microsoft Gaming Phil Spencer said in a tweet on Wednesday. “Microsoft has committed to continue to offer Call of Duty on @Steam simultaneously to Xbox after we have closed the merger with … Read more
Apple received approval for its Near Field Communication (NFC) technology in Europe on Thursday. The European Union (EU) formally announced the approval after the Cupertino-based tech giant agreed to make changes that were suggested by the bloc. The company first applied for approval in 2022, however, the EU expressed concerns due to Apple’s monopoly over … Read more
Activision Blizzard has agreed to pay $35 million (nearly Rs. 290 crore) to settle allegations over the video game maker’s handling of workplace complaints and violations of whistleblower protection rules, US financial regulators said on Friday. The Securities and Exchange Commission said the company knew employee retention issues were “a particularly important risk in its business” … Read more
KuCoin, one of the world’s largest cryptocurrency exchanges, pleaded guilty on Monday to operating an unlicensed money transmitting business, and agreed to more than $297 million (roughly Rs. 2,570 crore) in fines and forfeiture, the US Department of Justice said. Peken Global Ltd, which operates as KuCoin, entered its plea before US District Judge Andrew Carter … Read more
The OKX crypto exchange has pleaded guilty to operating an unlicensed money transmission business in the US. On February 25, OKX announced a $505 million (roughly Rs. 4,400 crore) settlement with the US Department of Justice (DoJ). The news was shared by its parent company, Aux Cayes FinTech Co. Ltd., which emphasised that no customer … Read more