The US SEC charges SafeMoon and its executives for selling unregistered crypto securities and misappropriating investors' funds the team promised were “locked”
https://lnkd.in/dgfMTj9n Freddy M. : This is not #Crypto. This is #Criminal, and a major reason why people don't understand what we're all building here. 🤦🏽♂️ … Nicholas Schmidt ...
Hundreds of documents detail the software bought by China to sift through its vast troves of surveillance data to “predict” who will become troublemakers
The more than 1.4 billion people living in China are constantly watched. They are recorded by police cameras that are everywhere …
YC-backed DeFi startup Stablegains faces a lawsuit after losing $44M+ of users' funds by investing them in UST, despite previously claiming it was using USDC
Timothy Craig / Crypto Briefing :
YC-backed DeFi startup Stablegains faces a lawsuit after losing $44M of users' funds by investing them in UST, after earlier claiming it was investing in USDC
Stablegains has been accused of misleading customers about where their money was going. — Key Takeaways
Senator Blumenthal admits the EARN IT Act won't “offer a blanket exemption to using encryption as evidence”, after denying for two years it targets encryption
Senator Richard Blumenthal has now admitted that EARN IT is targeting encryption, something he denied for two years, and then just out and said it.
Recent filings from Walmart, including seven US trademark applications, indicate a possible plan to develop and offer virtual goods, NFTs, and a cryptocurrency
- Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of NFTs.
Filing: SEC sues Satish Kumbhani, the founder of now-defunct BitConnect, and a promoter over alleged $2B crypto fraud scheme; Kumbhani's location is unknown
The top U.S. securities regulator on Wednesday sued the founder of the now-defunct cryptocurrency exchange platform BitConnect … Source: U.S. Securities … .
Apple's Q1 net income was $28.8B, up from $22.2B YoY; revenue for iPhone was $65.6B, up from $56B YoY, Mac was $8.7B, up from $7.2B, and Services grew to $15.8B
Chance Miller / 9to5Mac :
Apple reports Q1 revenue of $111.4B, up 21% YoY, with international sales making up 64% of Q1 revenue; iPhone, Wearables, and Services set new revenue records
Revenue up 21 percent and EPS up 35 percent to new all-time records — iPhone, Wearables, and Services set new revenue records