 |
|
|
|||||
Former cryptocurrency leader Alex Mashinsky has pleaded guilty to two fraud charges. The founder and CEO of Celsius Network was indicted on seven criminal counts in 2023, including charges of fraud, conspiracy and market manipulation. He entered a not guilty plea at the time, but in a hearing today, Mashinsky pled guilty to two of those original counts. The first is commodities fraud and the second is a fraudulent scheme to manipulate the price of his company's in-house crypto token CEL. Reuters reported that as part of a plea deal, Mashinsky has agreed not to appeal any sentence of 30 years or less. Mashinsky's case is one of several fraud cases being pursued against leaders of cryptocurrency operations. The most well-publicized charges are those brought against FTX founder Sam Bankman-Fried, who was found guilty on seven counts of fraud in 2023. National agencies began a push into fraud charges for cryptocurrency schemes in 2022, when several notable companies filed for bankruptcy as token prices plummeted in response to rising interest rates and high inflation. That year, the Federal Trade Commission said that victims of crypto schemes had lost more than $1 billion since 2021.This article originally appeared on Engadget at https://www.engadget.com/big-tech/former-celsius-ceo-pleads-guilty-to-two-fraud-charges-224046043.html?src=rss
Category:
Marketing and Advertising
Vizio is now a member of the Walmart corporate empire. The retail company announced the completion of its $2.3 billion acquisition of the TV manufacturer on Tuesday. Walmart didnt just buy a TV brand. It now owns a new advertising platform. Vizios SmartCast OS collects huge amounts of data from its 19 million active accounts, and the company makes the majority of its money from the platform. Walmarts new partnership with Vizio and its other smart TV brand Onn is sure to stir up the lucrative competition for advertising revenue, according to the Wall Street Journal. Walmart officially announced its plans to buy Vizio in February following early reports about its deal. This article originally appeared on Engadget at https://www.engadget.com/home/home-theater/walmart-completes-its-23-billion-purchase-of-vizio-222449239.html?src=rss
Category:
Marketing and Advertising
This is not a drill, people: Tetris for the NES will join the Nintendo Switch Online library on December 12. Nintendo of America announced this exciting arrival out of the blue today on X. The NES port of Tetris initially launched all the way back in 1989, so it's been a very long time coming for this classic title to return to Nintendo hardware. That's not to say there haven't been many other ways to get your tetrimino fix. Tetris is a perennially popular puzzle game, with many official releases and plenty of knockoffs. And plenty of them, like the dazzling Tetris Effect, are extremely good. But the NES version is the one most frequently hailed as the best of the bunch. It's the iteration primarily used in the fascinating competitive Tetris circuit, and even after more than three decades, a player only just managed to 'beat' the game by, well, breaking its little computer brain. For those of us who missed out on the NES era, or those whose NES hardware bit the dust long ago, finally having a modern-day way to play this iconic version of Tetris is very exciting news. The Switch Online service has gotten a couple notable updates in the past few weeks. A trio of Sega Genesis games joined the online Switch library, and Nintendo also released a music streaming app for members of the subscription plan. While that's all well and good, the really exciting development will be the hotly anticipated announcement of the Switch 2, expected in March.This article originally appeared on Engadget at https://www.engadget.com/gaming/nintendo/nes-tetris-is-coming-to-the-nintendo-switch-online-library-this-month-194523784.html?src=rss
Category:
Marketing and Advertising
All news |
||||||||||||||||||
|
||||||||||||||||||