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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...
Do Kwon's Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms
24.4.2024
Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past
SEC feels Do Kwon of Terraform Labs deserves a fine of $5.3B
24.4.2024
Federal regulators insist on a fine being levied on Terraform Labs and its co-founder, Do Kwon, amounting to $5.3 billion. This is with regards to several irregularities among investors. It is right after the two players were accused of illegal activities involving over a billion dollars. As per...
Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court
23.4.2024
The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the Terra ecosystem in 2022
Ripple Says $10M Penalty Enough, Rejects SEC’s Ask of $1.95B Fine in Final Judgment
23.4.2024
Ripple Labs filed its opposition on Monday against the U.S. Securities and Exchange Commission's (SEC) proposal to ask a New York judge to impose a nearly $2 billion fine against the company behind the XRP Ledger blockchain
Binance Set to Re-Enter Indian Market With $2 Million Fine Settlement
18.4.2024
Binance and nine other foreign crypto exchanges were originally blocked in India due to non-compliance with the country’s Anti-Money Laundering (AML) regulations, but Binance is set to return after a four-month absence by paying a $2-million fine, according to The Economic Times. The Indian...
Binance Could Come Back to India by Paying $2M Fine: Report
18.4.2024
The exchange could return as a FIU-registered firm after paying the fine, the report added
Harold Halibut: The Kotaku Review
15.4.2024
As I play through the sci-fi adventure that is Harold Halibut, I am often reminded of walking through an aquarium. It’s partially because the game’s gorgeous environments are submerged in, but it’s also because I feel a childlike frustration at the events unfolding in front of me. Like a...
Star Wars: KOTOR Remake Is Coming Along Just Fine, Says Saber CEO
3.4.2024
A lot can happen to games that get stuck in development limbo. They can get passed around like a hot potato, stopped and restarted several times, and even canceled. Saber Interactive’s Knights of the Old Republic remake has experienced many of these trials and tribulations, but has eluded the worst...