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The U.S. Attorney’s Office in Manhattan will devote fewer resources to policing cryptocurrency crimes after securing several major convictions, including that of FTX founder Sam Bankman-Fried, a senior prosecutor said on Friday, Reuters reported. Scott Hartman, co-chief of the securities and commodities task force at the Southern District of New York, gave his assessment one day after President-elect Trump’s former
California Governor Gavin Newsom has signed a law (AB 2426) to combat “disappearing” purchases of digital games, movies, music and ebooks. The legislation will force digital storefronts to tell customers they're just getting a license to use the digital media, rather than suggesting they actually own it. The Verge reported.
The Biden administration took a long-delayed step against tax evasion in cryptocurrency markets, though it left some work unfinished amid fierce lobbying by companies like Coinbase, The Wall Street Journal reported. The Treasury Department adopted a final rule Friday requiring many cryptocurrency platforms to report information about their users’ transactions to the Internal Revenue Service. Officials say the measure should
The Wall Street Journal reported that Qualcomm Inc. is lobbying the Trump Administration to roll back restrictions on the sale of advanced components to Huawei Technologies. Qualcomm wants to sell chips for Huawei 5G phones. Qualcomm is telling U.S. policy makers their export ban won't stop Huawei from obtaining necessary components and just risks handing billions of dollars of Huawei
The U.S. Department of Commerce unveiled a new rule that expands U.S. authority to require licenses for sales to Huawei Technologies of semiconductors made abroad with U.S. technology, according to Reuters, who was the first to report this. The new rule will enable the United States to vastly expand its ability to halt exports to Huawei Technologies. Part of the
Vodafone is going to strip Huawei systems out of the core of its European network, according to Financial Times. Doing so will cost €200m as the European telecoms sector moves to adapt to new limits on the use Huawei's equipment. Financial Times reported that Vodofone Chief executive Nick Read said the process would take five years because of the complexity
There are a lot of reasons to cancel service with an ISP or cable TV provider. Perhaps the quality of service has gone done hill. Or maybe a competitor has offered a better deal. It could also be something as simple as moving out of that particular company's service area. Whatever the reason, these companies have become notoriously difficult about