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Douyin: Chinese livestreamer dies after filming drinking video
Douyin: Chinese livestreamer dies after filming drinking video
The 34-year-old livestreamer's death sparks outcry and calls for a crackdown on video sites.
2023-05-22 18:48
SicK: Twitch bans Sentinels' Valorant pro streamer for 'erratic' behavior
SicK: Twitch bans Sentinels' Valorant pro streamer for 'erratic' behavior
SicK hasn't released any statement after he received the ban on Twitch
2023-05-14 12:16
Fortnite Crew Pack August 2023 Revealed
Fortnite Crew Pack August 2023 Revealed
The Fortnite Crew August 2023 will feature two skins, Princess Lexa and Price Orin, along with matching cosmetics. The August Crew Pack comes out on July 31.
2023-07-27 01:54
Ebay faces $2 billion fine for ‘rolling coal’ sales
Ebay faces $2 billion fine for ‘rolling coal’ sales
Ebay is facing a fine of nearly $2 billion for allegedly enabling the sale of ‘rolling coal’ devices and other deliberately polluting equipment that violates environmental laws. The US Department of Justice alleges that the online retailer sold more than 343,000 so-called defeat devices in violation of the Clean Air Act, with each sale the subject of a $5,580 fine. Rolling coal has become a form of anti-environmentalism protest in the United States, involving the modification of a diesel engine in order to emit black clouds of sooty exhaust fumes. Online video compilations show drivers of pickup trucks deliberately rolling coal as they pass cyclists and electric vehicles. Until recently, the devices required to perform it were relatively easy to find through online retailers, costing between $200-500. The Justice Department wrote in its complaint, which was filed on behalf of the Environmental Protection Agency (EPA) in a federal court in New York, that the rolling coal devices “defeat motor vehicle emission controls” set out in the Clean Air Act. “Aftermarket defeat devices significantly increase pollution emissions – including carbon monoxide, nitrogen oxides, particulate matter and nonmethane hydrocarbons – that harm public health,” the complaint stated. The EPA criminalised the practice, which appears to be mainly confined to the US, in 2014, with some states warning of fines of up to $5,000 for anyone caught doing it. Several companies who sell coal rolling equipment have already been forced to pay fines of up to $1 million for breaking the law. “Our nation’s environmental laws protect public health and the environment by prohibiting the unlawful sales of defeat devices; unregistered, misbranded and restricted use pesticides; and unsafe products containing toxic chemicals,” David Uhlmann from the EPA’s Office of Enforcement and Compliance Assurance said following the Justice Department’s latest action against eBay. “The complaint filed demonstrates that EPA will hold online retailers responsible for the unlawful sale of products on their websites that can harm consumers and the environment.” Ebay described the lawsuit as “entirely unprecedented”, claiming that sales of such devices were banned and that it was actively policing its site against their sale. “Maintaining a safe and trusted marketplace for our global community of sellers and buyers is a fundamental principle of our business,” the company said. “Indeed, eBay is blocking and removing more than 99.9 per cent of the listings for the products cited by the DOJ, including millions of listings each year.” Read More World’s first solar powered hybrid truck tested on public roads Why is Elon Musk obsessed with the letter X? How Elon Musk’s Twitter became a haven for fake news and misinformation Viral WhatsApp warning of cyberattack targeting Jewish people is fake
2023-10-11 21:20
Lenovo IdeaCentre AIO 5i 24 Review
Lenovo IdeaCentre AIO 5i 24 Review
The Lenovo IdeaCentre AIO 5i 24 is a smaller replica of the 27-inch Lenovo IdeaCentre
2023-05-24 09:54
The Best Computer Monitors for Business in 2023
The Best Computer Monitors for Business in 2023
So much of your day-to-day work happens with your eyes. Your workspace may have a
2023-07-25 22:28
Laptops for Lounges and Desktop PCs for Dorm Rooms – Newegg Has Deals for Students Gearing Up for Back to College and Back to School
Laptops for Lounges and Desktop PCs for Dorm Rooms – Newegg Has Deals for Students Gearing Up for Back to College and Back to School
CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--Jul 20, 2023--
2023-07-20 21:21
Amazon Prime Video Review
Amazon Prime Video Review
Even if you ditch your cable company, you can still keep current with the latest
2023-06-27 23:16
Cloud-Metering and Usage-Based Pricing Startup Amberflo Launches Salesforce App to Help Companies Drive Real-Time Customer Success
Cloud-Metering and Usage-Based Pricing Startup Amberflo Launches Salesforce App to Help Companies Drive Real-Time Customer Success
SAN FRANCISCO--(BUSINESS WIRE)--Jun 19, 2023--
2023-06-19 22:24
World’s largest crypto exchange pays $4.3bn to settle federal cases as CEO resigns
World’s largest crypto exchange pays $4.3bn to settle federal cases as CEO resigns
Binace, the world’s largest cryptocurrency exchange, will pay over $4bn to US officials after admitting to unlicensed money transfers, sanctions violations, and willfully failing to institute anti-money laundering protections, federal officials announced on Tuesday. The oversights allowed trading with sanctioned nations like Iran, Cuba, and Syria, and failed to institute systems to report suspicious potential transactions with terror groups, according to the Treasury Department. “Binance was allowing illicit actors to transact freely, supporting activities from child sexual abuse to illegal narcotics to terrorism,” Treasury Secretary Janet Yellensaid on Tuesday. Changpeng Zhao, the founder of and CEO of Binance, is also stepping down, and will pay a $50m fine after pleading guilty to related charges. He could face up to 18 months in prison. “I made mistakes, and I must take responsibility,” the executive wrote on X. “This is best for our community, for Binance, and for myself.” Federal officials described a wide-ranging set of problems at the crypto exchange, which at times handled two-thirds of global crypto trades. “It willfully enabled hundreds of millions of dollars in transactions between American users and users subject to US sanctions,” US Attorney General Merrick Garland said in remarks on Tuesday. “And its platform accommodated criminals across the world who used Binance to move their stolen funds and other criminal proceeds. “Binance prioritized its profits over the safety of the American people.” The massive penalty, one of the largest in US financial regulation history, will also go towards resolving inquiries from the Commodity Futures Trading Commission, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCen), and the Office of Foreign Assets Control. On multiple occasions, Binance leadership intentionally took steps that allowed dangerous and illegal transactions to take place, according to the Justice Department. Binance knew it served US customers, meaning it had to register with FinCen and implement anti-money laundering controls, but “chose not to comply,” per the DOJ. Rather than set up these protections, the company created a separate Binance.US platform in 2019, while seeking to encourage VIP customers to obscure their accounts and continue using the main exchange, officials said. “Binance executives, including Zhao, made a plan to contact VIP customers and help the VIP register a new account for an offshore entity and transfer holdings to that account,” the DoJ said in an announcement of the agreement on Tuesday. “Binance employees also called US VIPs to encourage them to provide information that suggested the customer was not located in the United States.” The company, knowing it had US customers, also failed to introduce controls that would stop them from making trades with sanctioned jurisdictions like Iran, resulting in over $898m in trades between US and Iran-based users between January 2019 and May 2022. At one point, according to the DoJ, Zhao told employees it was “better to ask for forgiveness than permission,” while in another instance, a compliance employee wrote in a message, “We need a banner ‘is washing drug money too hard these days - come to binance we got cake for you.’” In a statement on Tuesday, Binance acknowledge making “criminal violations.” “These resolutions acknowledge our company’s responsibility for historical, criminal compliance violations, and allow our company to turn the page on a challenging yet transformative chapter of learning and growth,” the company wrote. “With the compliance and governance enhancements enshrined in our commitments, we can begin to share our vision for Binance’s exciting future and the future of the crypto industry.” The company also emphasised that the resolutions don’t allege Binance misappropriated user funds or engaged in market manipulation. Richard Teng, the company’s former global head of regional markets, will take over as CEO, according to Binance. The massive agreement with federal regulators will also require Binance to accept the appointment of a government monitor to oversee the business and bar Zhao from involvement with the company until three years after the monitor is appointed, according to court records viewed by The New York Times. Notably, the Securities and Exchange Commission was not a part of the Binance agreement. The SEC sued Binance and Zhao in June, alleging that they used companies beneficially owned by Zhao to inflate trading prices and make money off customers, allegedly mixing customer funds with Binance money. “While we take the SEC’s allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an emergency basis. We intend to defend our platform vigorously,” the company responded at the time in a statement. “And, to be clear: any allegations that user assets on the Binance.US platform have ever been at risk are simply wrong, and there is zero justification for the Staff’s action in light of the ample time the Staff has had to conduct their investigation,” the company added in the statement. The massive settlement comes just weeks after FTX founder Sam Bankman-Fried was found guilty in federal court of defrauding customers on his popular cryptocurrency exchange out of billions of dollars. Bankman-Fried’s defence team has vowed to fight the charges.
2023-11-22 10:51
TikTok Seeks $20 Billion E-Commerce Business Despite US Setback
TikTok Seeks $20 Billion E-Commerce Business Despite US Setback
ByteDance Ltd.’s TikTok aims to more than quadruple the size of its global e-commerce business to as much
2023-06-08 09:17
Rocket Lab Completes Custom-Built Photon Spacecraft for Varda Space Industries
Rocket Lab Completes Custom-Built Photon Spacecraft for Varda Space Industries
LONG BEACH, Calif.--(BUSINESS WIRE)--May 9, 2023--
2023-05-10 04:20