Two NFT artists, Ryder Ripps and Jeremy Cahen, have been ordered by a US court to shell out $9 million (roughly Rs. 74 crore) from their pockets and pay the sum to Yuga Labs, the creator of Bored Apes Yacht Club (BAYC) NFTs. The two parties have been embroiled in an intense legal battle since … Read more
While nations around the world are taking a slow and calculated approach towards engaging with crypto, fintech giants like Mastercard and Visa are already incorporating pro-crypto steps as part of their operations. In a fresh development, Mastercard has initiated work around launching crypto-based loyalty rewards. The payments giant has reportedly decided to work with Swoo … 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, USÂ 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
It’s hard to feel sorry for Silicon Valley tech workers. From high salaries and generous stock options to nap pods and unlimited time off, they’re among the most privileged class of employees in the world. Conversely, there’s no denying that these pampered staffers engineered a technology revolution that’s brought untold economic and social value to … Read more
Bitget, which is a Seychelles-based crypto exchange, has decided to let Indian users purchase cryptocurrencies using fiat Rupee. The exchange has entered into a partnership with Web3 payments solutions platform Alchemy Pay to facilitate crypto purchases through the Rupee currency. The aim of this collaboration is to make crypto buying on international exchanges more accessible … Read more
Apple lost a long-running court battle with the European Union on Tuesday, resulting in the company being forced to pay EUR 13 billion ($14.4 billion or roughly Rs. 1,20,903 crore) in back taxes to Ireland, as part of a wider crackdown on so-called “sweetheart deals”. What Happened In 2016, the European Commission’s competition chief Margrethe Vestager … Read more
Apple Business Connect — the company’s service that allows individuals and companies to add or update their information across the company’s apps — has been updated with new features that allow these businesses to connect with customers, even if they do not have a physical presence. The latest features introduced by Apple will allow a … Read more
GooglePay, Walmart-backed PhonePe and AmazonPay are among five payment firms seeking to join the Indian central bank’s digital currency pilot by offering transactions via the eRupee, three sources directly involved in the discussions said. Indian fintech firms Cred and Mobikwik are the other two that have applied to join the eRupee pilot, the sources added. … Read more
Apple is expanding its Tap to Pay service for iPhone to more countries, the company announced on Tuesday. Now, business merchants in Austria, Ireland, Sweden and more countries will be able to use its services for accepting in-person and contactless payments without requiring any additional hardware. Notably, the Cupertino-based tech giant recently commemorated the 10th … Read more
Microsoft will pay $20 million (roughly Rs. 163 crore)Â to settle US Federal Trade Commission (FTC) charges that the tech company illegally collected personal information from children without their parents’ consent, the FTC said on Monday. The company had been charged with violating the US Children’s Online Privacy Protection Act (COPPA) by collecting personal information from … Read more