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Report: Nintendo Of America President Says Activision's Harassment Stories Are 'Distressing And Disturbing'
23.11.2021
Activision’s self-serving response to historic allegations of abuse and misogyny in its workplace has been drawing a lot of criticism lately, from shareholders demanding the resignation of CEO Bobby Kotick to staff staging multiple walkouts. Now Nintendo of America has reportedly joined the chorus...
US and UK Agree to ‘Heighten the Focus on Illicit Use of Cryptocurrency’
22.11.2021
The U.S. and U.K. governments have “committed and agreed to heighten the focus on illicit use of cryptocurrency and ransomware,” the U.S. Department of Justice announced. According to the FBI, high crypto prices have partially made ransomware “incredibly lucrative for...
Report: Activision CEO Bobby Kotick Will 'Consider' Quitting If He Can't 'Fix' Company's Culture
22.11.2021
Besieged Activision Blizzard CEO Bobby Kotick, who last week was the subject of staff walkouts and shareholder calls for his resignation, has reportedly said he will “consider leaving the company” if he can’t speedily address the harassment issues that have made headlines around the world this...
US Sentences Man to 3 Years in Prison for Operating Unlicensed Bitcoin Exchange Business
21.11.2021
A California man has been sentenced to three years in federal prison “for operating an unlicensed business that exchanged at least $13 million in bitcoin and cash, often for drug traffickers,” the U.S. Department of Justice said. He agreed to forfeit various assets, including seized...
Girls Who Code Ends Relationship With Activision Blizzard Following Latest Revelations
19.11.2021
Nonprofit organization Girls Who Code, which specializes in teaching computer science to young women and other marginalized groups, will no longer affiliate itself with Activision Blizzard, after the multibillion-dollar corporation came under fire yet again in a scathing new round...
Over 1200 Activision Blizzard Employees Sign Petition Demanding CEO Bobby Kotick Quit
19.11.2021
The ABK Workers Alliance, a group of Activision Blizzard workers formed in response to the company’s treatment of its employees, began circulating a petition earlier today for anyone working at the publisher’s studios and offices to sign. It has now been endorsed by over 1200 workers.Read more
DOJ Selling Cryptocurrency Seized From Bitconnect Worth $56 Million
16.11.2021
The U.S. Department of Justice (DOJ) is selling cryptocurrency worth $56 million that was seized from the “number one promoter” of Bitconnect, the largest crypto fraud scheme ever charged criminally. Investors were fraudulently induced to invest over $2 billion. The Bitconnect...
Bobby Kotick Actually Wrote Fran Townsend's Deranged, Company-Wide Email
16.11.2021
Earlier this year, an email was sent to all employees of Activision Blizzard from the email account of Chief Compliance Officer, former Executive Sponsor of the ABV Employee Women’s Network and former Torture Apologist Fran Townsend. Sent in the midst of historic allegations of harassment against...
US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud
16.11.2021
“This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date,” said the Justice Department
Calls For Bobby Kotick’s Resignation Intensify As Employees Stage Walkout
16.11.2021
Social media is aflame with demands that video game industry exec Bobby Kotick resign from his position as CEO of Activision Blizzard in the wake of reporting from The Wall Street Journal about his own terrible treatment of women. Leading the charge are Activision Blizzard employees themselves,...
Report: Activision's Bobby Kotick Didn't Just Know, He Also Mistreated Women
16.11.2021
Activision Blizzard CEO Bobby Kotick claimed to be in the dark about widespread allegations of sexual harassment and discrimination that surfaced at the company earlier this year, but according to a new bombshell report by The Wall Street Journal, Kotick wasn’t just aware of the misconduct, he...
If Stablecoins Are Going to Be Regulated Like Banks, They Should Enjoy All the Benefits
11.11.2021
The U.S. Treasury Department proposed regulating stablecoin issuers as banking institutions, which may be a great idea if stablecoin issuers are offered the same privileges as regulated banks. US Treasury Department Report: Stablecoins Regulation Is Urgently Needed The rise of stablecoins within...
Activision Blizzard Devs Win Better Pay And PTO For Contractors
9.11.2021
The publisher behind Call of Duty: Vanguard and World of Warcraft announced yesterday that it would be improving pay and paid-time-off for contractors at the company, including raising the minimum hourly rate to $17 and paying them even during holiday breaks. The changes came amid renewed scrutiny...
US Treasury Sanctions 2nd Cryptocurrency Exchange, DOJ Seizes $6.1 Million
9.11.2021
The U.S. Treasury Department has sanctioned a second cryptocurrency exchange “for facilitating financial transactions for ransomware actors.” Two ransomware operators have also been sanctioned and $6.1 million in funds were seized. US Treasury Sanctions Another Cryptocurrency Exchange...
Blizzard Is Already Losing Its First Female Studio Co-Head
2.11.2021
Jen Oneal, who recently assumed the top position at Blizzard in the wake of a significant reckoning at the company, will step down at the end of the year, she wrote in a statement today. Her co-lead, Mike Ybarra, will take over the rest of her responsibilities.Read more
Report: Vicarious Visions Changing Its Name After Blizzard Merger
28.10.2021
Back in January it was announced that Vicarious Visions, the studio famous for its work on the Tony Hawk remakes and a whole library of excellent licensed games, was going to be merging with Blizzard. Now it’s emerged that this corporate move means the developer will be changing its name...
SEC expected to head U.S. stablecoin regulation and enforcement
26.10.2021
The report is also expected to clarify the regulatory jurisdiction of the Treasury Department CFTC with regards to stable tokens
Treasury Says Crypto Reduces Efficacy of US Sanctions, Seeks More Funding
20.10.2021
The U.S. Department of the Treasury says that the growing use of crypto assets challenges the efficacy of American sanctions. “We are mindful of the risk that, if left unchecked, these digital assets and payments systems could harm the efficacy of our sanctions,” the Treasury...
Activision Blizzard Has Fired 'More Than 20' Employees Over Harassment Lawsuit
20.10.2021
With the company still mired in lawsuits spurred on by historical allegations of harassment, Activision Blizzard has used an interview with the Financial Times to disclose that a number of employees have been fired, and more “disciplined”, in the wake of the case.Read more
Activision Blizzard May Have Found A Way To Wriggle Out Of California Lawsuit
19.10.2021
Activision Blizzard, embroiled in legal wranglings over alleged appalling work conditions for its staff, has requested additional time to investigate and potentially disqualify the California Department of Fair and Equal Housing from its ongoing legal battle with the agency. This is on account...