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Worldcoin Gets Hit With $200,000 Fine in Buenos Aires
28.7.2024
Worldcoin, the biometric, iris-based ID and universal basic income (UBI) project, has been sanctioned with fines for over $200,000 in the Buenos Aires province. The fines answer to several violations of the National Consumer Defense Law, such as the inclusion of abusive clauses in its terms...
Marathon Digital fined $138M for non-circumvention agreement breach
23.7.2024
Marathon Digital has been fined $138M for breaching a non-disclosure, non-circumvention agreement with former executive Michael Ho
Meta to Appeal Nigeria’s $220 Million Data Privacy Fine
22.7.2024
Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has fined Meta (formerly Facebook) $220 million for alleged data privacy violations. The investigation centered on Whatsapp LLC and Meta’s failure to allow users to consent to the gathering and use of their data. The FCCPC...
Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies
10.7.2024
The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $60.6...
Crypto payment service Payeer hit with record $10M fine in Lithuania
10.7.2024
Payeer was fined approximately $10 million after it allegedly allowed transfers to sanctioned banks
Binance fights back against $4.4M Canadian AML fine
20.6.2024
Binance has filed a lawsuit challenging the Canadian Financial Transactions and Reports Analysis Centre’s (FINTRAC) fine of $4.4m. The penalty was imposed in May and concerns the lack of compliance with laws regarding the anti-money of money laundering (AML) and the financing of terrorism (CFT)....
Binance fined $2.25M by India’s financial intelligence unit
20.6.2024
India’s financial watchdog issued charges against Binance after reviewing written and oral submissions from the Binance Director and available company records
Binance to appeal $4.4M fine from Canadian regulator
19.6.2024
The cryptocurrency exchange announced plans to exit the Canadian market in 2023 but may still face enforcement action from local regulators
Apple Could Be Fined A Billion Dollars A Day
19.6.2024
Back in March, the European Union brought in new rules that were designed to stop companies like Apple and Google from blocking third-party companies running their own in-app item stores. This was supposed to carve a path for games like Fortnite to be able to return to mobile, now they could...
BREAKING: Terraform to pay $4.47B to resolve SEC civil lawsuit
12.6.2024
The settlement would resolve a civil lawsuit filed by the Securities and Exchange Commission following Terraform's collapse in 2022
Judge Throws Out DEBT Box Case, Orders SEC to Pay $1.8M
29.5.2024
The US District Court for the District of Utah on Tuesday threw out the SEC's case against DEBT Box and imposed fines exceeding $1.8m on the regulatory body for its bad faith actions.
The post Judge Throws Out DEBT Box Case, Orders SEC to Pay $1.8M appeared first on Cryptonews
Former Mt. Gox CEO Mark Karpelès Assures No Imminent Bitcoin Sale, “Everything Is Fine”
28.5.2024
In a social media post, Mark Karpelès, the former CEO of the now-defunct cryptocurrency exchange Mt. Gox, provided a status update on the recent situation. He assured followers that “everything is fine with MtGox” and revealed that the trustee is currently moving coins to a different...
Microsoft faces multi-billion dollar fine in EU over Bing AI
18.5.2024
The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27
Monkey Island Creator's Next Game Is A Mashup Of Everything We Love
14.5.2024
Renowned game developer Ron Gilbert’s latest game is not at all what any of us might’ve expected. As spotted by Time Extension, the game’s been teased as “Classic Zelda meets Diablo meets Thimbleweed Park,” and is set to release in 2024…maybe.Read more
The Xbox Fallout: Breaking Down Microsoft's Worst Gaming Week In Years
10.5.2024
It has been a very bad week for Xbox Game Studios. On Tuesday, May 7, Microsoft announced it would shut down three studios: Redfall developer Arkane Austin, Hi-Fi Rush creators Tango Gameworks, and Mighty Doom studio Alpha Dog Games. On top of this, Roadhouse Games is being absorbed into Elder...
Binance Slapped With $4.3 Million Fine By Canada’s FINTRAC
9.5.2024
Crypto exchange Binance is facing a $4.3 million USD fine by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating terrorist financing and money laundering laws, the Canadian regulator announced Thursday. News of the fine comes just over a week after former...
What’s Even The Point Of Xbox Game Pass Now?
8.5.2024
On May 7, Microsoft closed down four first-party development studios it had acquired from Zenimax Media in 2021 including Tango Gameworks, developer of The Evil Within series and 2023’s surprise hit Hi-Fi Rush. It’s the latest round of layoffs and closures that the gaming industry, and Xbox...
Terraform Labs And Do Kwon Push For $1 Million SEC Fine Opposed To $5.8 Billion Demanded After Terra-Luna Crash
30.4.2024
Lawyers for Terraform Labs and its founder Do Kwon are pushing for a fine of $1 million as opposed to the United States Securities and Exchange Commission (SEC)’s proposed $5.3 billion, new court docs reveal. Kwon and the crypto company were found liable for the Terra-Luna collapse by a jury trial...
Razer’s Pricey Covid Mask Is Costing Them $1 Million In Refunds
29.4.2024
In 2021, video game accessory manufacturer Razer announced its plans to release a mask that people could wear to help stop the spread of covid-19 during the height of the (ongoing) pandemic. Now, almost three years later, the company owes the Federal Trade Commission over $1 million in fines due...
Blizzcon Skipping 2024 Could Be Fine, Could Be A Bad Omen
25.4.2024
One year after it came back, Blizzcon, Blizzard’s once-annual dedicated event, isn’t returning for 2024. While the Overwatch and Warcraft developer plans to show off more of its games at different events throughout the year, Blizzcon has been a center point for the studio’s community since it began...