自從去年 6 月微軟確認了正在打造官方的「Xbox 遊戲串流棒」以來，已經有近一年的時間沒有聽到這方面進一步的消息了。不過據 GamesBeat 的消息指出，這個串流裝置將在未來 12 個月內到來，而且不僅如此，微軟還同時在開發一個供智慧電視用的 Xbox app。…
Google Cloud 的新團隊將為 Web3 開發者打造相關服務
據 CNBC 報導，Google 正在打造一個新團隊，為其 Google Cloud 雲端服務打造與 Web3 相關的服務，希望能吸引區塊鏈相關應用的開發者。
Florida pension fund sues Elon Musk over Twitter deal
Elon Musk’s $44 billion buyout of Twitter is facing its first legal challenge. A Florida pension fund is suing Musk and Twitter, arguing that the deal can’t legally close until 2025 due to the billionaire’s stake in the platform. The proposed class-action lawsuit — filed today by the Orlando Police Pension Fund in the Delaware Chancery court— also declares that Twitter’s board of directors breached its fiduciary duties by allowing the deal to go through. In addition to Musk and Twitter, the lawsuit also named former Twitter CEO Jack Dorsey, current Twitter CEO Parag Agrawal and the company’s board as defendants.
In a message to Engadget, Tulane Law School’s Professor Ann M. Lipton says the lawsuit raises “some very novel issues” under Delaware corporate law. Under a law known as Section 203, shareholders who own more than 15 percent of the company can’t enter a merger without two-thirds of the remaining shares granting approval. Without this approval, the merger can’t be finalized for another three years.
The fund’s lawyers state that Musk initially owned roughly 10 percent of Twitter’s shares, which would seemingly not make Section 203 applicable. But, the fund argues, Musk formed a pact with Morgan Stanley (which owns 8.8 percent of shares) and former CEO Jack Dorsey (who has 2.4 percent) to advance the deal. The combined stake of these parties allegedly makes Musk and his allies in the takeover deal an “interested shareholder” under Section 203 — which, if the court agrees with the underlying reasoning presented in the case, means the merger must either be delayed or get approval shareholders representing at least two-thirds of the company’s ownership.
“Section 203 is not often litigated, and so the issue of whether Musk’s relationship with these parties actually counts for statutory purposes is an unsettled question and it will be interesting to watch how it unfolds,” wrote Lipton.
More details of Musk’s highly complex $44 billion buyout of Twitter have been made public since the social media platform accepted the billionaire’s offer last month. The New York Times reported that Musk promised investors returns of nearly five to ten times their investments if the deal went through. Parts of the deal are being scrutinized, including its reliance on foreign investors and whether Musk bought shares in the company specifically to influence its leadership. But antitrust experts say the merger is unlikely to be blocked by the FTC. The agency will decide in the next month whether to quickly approve the merger or launch a lengthier investigation.
Mining Capital Coin CEO indicted in $62 million crypto fraud scheme
Mining Capital Coin CEO and founder Luiz Capuci Jr. was — in an indictment unsealed yesterday — accused by the DOJ of allegedly running a $62 million global investment fraud scheme. He’s the latest of severalcrypto company heads who have recently been similarly charged.
Through his company, Capuci convinced investors to purchase “Mining Packages,” a global network of cryptocurrency mines that promised a certain return on investment every week. But instead of using investors’ funds to mine cryptocurrency as he promised, the DOJ alleges that Capuci diverted the funds to his own cryptocurrency wallets. Another MCC product known as “Trading Bots” operated under the same false pretenses. Capuci claimed that the bots operated in “very high frequency, being able to do thousands of trades per second” and promised investors daily returns.
“As he did with the Mining Packages, however, Capuci allegedly operated an investment fraud scheme with the Trading Bots and was not, as he promised, using MCC Trading Bots to generate income for investors, but instead was diverting the funds to himself and co-conspirators,” wrote the DOJ in its indictment.
MCC seemed to have all the workings of a pyramid scheme. Capuci recruited affiliates and promoters to lure investors. In return, he promised the promoters a number of lavish gifts, including Apple watches, iPads and luxury vehicles.
Currently the FBI’s Miami Field Office is investigating the case. The DOJ has charged Capuci, who is from Port St. Lucie, Florida, with conspiracy to commit wire fraud, conspiracy to commit securities fraud and conspiracy to commit international money laundering. If found guilty, he faces a maximum sentence of 45 years.
In a review of the cryptocurrency mining platform, crypto blogger Peter Obi noted that the combination of MCC’s $50 monthly fee for membership and its steep 3% withdrawal fee meant that investors were unlikely to make a profit unless they referred other investors. He pointed out that such a referral process was “particularly worrying” because it was consistent with other past crypto scams.
Indeed, a number of crypto leaders have been accused by authorities of running Ponzi schemes in recent years. Earlier this year the DOJ indicted Bitconnect founder Satishkumar Kurjibhai Kumbhani for allegedly running a $2 billion Ponzi scheme — believed to be the largest virtual currency pyramid scheme in history.
Capuci never registered his company with the SEC. The agency today issued a fraud alert for the company. According to the SEC press release, Capuci and his associates successfully convinced 65,535 investors to purchase mining packages worldwide and promised daily returns of one percent, paid weekly for over a year. In total, the group netted $8.1 million from the sale of the mining packages and $3.2 million from initiation fees.
US Treasury issues first-ever sanctions against a cryptocurrency mixer
Cryptocurrency mixers are sometimes used to help online criminals launder their stolen money by hiding its true origins, and the US Treasury is now ready to clamp down on them when hostile governments are involved. The department has issued its first sanctions against a Bitcoin mixer, Blender.io, for allegedly and “indiscriminately” helping North Korea launder over $20.5 million in crypto from the $620 million Axie Infinity heist and other crimes.
The measures block all Blender property in the US (or controlled by US residents), as well as US-linked transactions and any entities where blocked people have majority control. On a basic level, blocks create an audit trail and prevent sanctioned entities’ funds from changing hands.
The sanctions come after officials pinned the Axie Infinity theft on Lazarus Group, an outfit frequently linked to the North Korean government’s cybercrime and cyberwarfare efforts. North Korea has been repeatedly accused of hacking banks and cryptocurrency holders to evade international sanctions and finance its weapons programs.
The Treasury’s Office of Foreign Assets Control also used the opportunity to identify four digital wallets Lazarus reportedly used to launder the rest of the Axie Infinity crypto. The perpetrators relied on one “getaway” wallet for the crime itself.
The agency stressed that most cryptocurrency activity was legal, and that it was only targeting mixers that aid criminals. However, there’s a not-so-subtle warning here: the US is willing to sanction crypto service providers if they tolerate state-backed hackers, not just the nations directing those hacks.
Xbox’s game streaming device and TV app could arrive soon
It’s been 11 months since Microsoft confirmed it’s making a dedicated game-streaming device and a smart TV app for the Xbox ecosystem. The company hasn’t announced many more details about either since then, but a new report suggests they could arrive in the coming months.
The streaming device, which can be plugged into a TV or monitor, will have either a stick or a puck design, according to GamesBeat. In other words, it’ll look like an Amazon Fire Stick or a Chromecast. It’s believed that you’ll not only be able to stream games from Xbox Game Pass Ultimate with the device, but also use it to watch movies and TV shows.
Meanwhile, Microsoft is said to be working with Samsung on an Xbox app for that company’s TVs. Some of Samsung’s 2022 models support game streaming services like Google Stadia and NVIDIA GeForce Now. It wouldn’t be surprising at all to see an Xbox Cloud Gaming app on those TVs too.
Both the TV app and streaming device are expected to arrive within the next 12 months. They form part of Microsoft’s Xbox Everywhere strategy. The name is self-explanatory — the company wants to reach gamers wherever they are, even if they don’t have an Xbox console or a capable gaming PC.
The project took another step forward this week with the addition of Fortnite to Xbox Cloud Gaming this week. That offers people a way to stream the all-conquering battle royale on smartphones (yes, even iPhones), tablets and PC.
What makes this different from other streaming games from Xbox is that it’s free. You don’t need an Xbox Game Pass Ultimate subscription to stream Fortnite — just a Microsoft account. Microsoft says it’s interested in offering more free-to-play titles via the cloud, so perhaps the likes of Apex Legends, Call of Duty Warzone and the multiplayer side of Halo Infinite will be available at some point.
We might not have to wait much longer to hear about the next steps for the Xbox Everywhere initiative. A big Xbox and Bethesda showcase will take place on June 12th, and there could be more than game announcements and trailers in store.
Amazon fires senior managers from unionized Staten Island warehouse
Amazon fired a number of senior managers from its JFK8 warehouse in Staten Island on Thursday, only a month after workers voted to unionize. The New York Times reported that the company axed more than half a dozen senior-level workers on Thursday, many…
Spotify’s Pandora-esque Stations app will shut down on May 16th
Spotify’s experimental Stations app is soon to be no more. The company says it will shut down the app on May 16th. It took a leaf out of the Pandora playbook with Stations, as the app and web player offered a way to listen to curated playlists in a radio-style format. Stations debuted in Australia in 2018 and arrived in the US the following year. The app has now been removed from the App Store and Google Play Store.
The company says it often conducts tests to “create better listening experiences” for users. Our “Spotify Stations Beta was one of those tests,” Spotify told TechCrunch. “We will be sunsetting the current feature, but users will be able to easily transfer their favorite stations and enjoy a similar radio experience directly within the Spotify app.”
If you’re a Stations user, you’ll be able to move the stations you want to keep over to the Spotify app. You’ll find them in your library in a folder called Spotify Stations.
Those who enjoyed the app and its streamlined design may be disappointed by the move. However, the company noted that the radio feature in the main app offers a similar feature — it can create an ad-hoc station based on any artist, song, album or playlist.
A new Google Cloud team is building services for Web3 developers
Google is putting together a team to build backend services for blockchain developers. The company is hoping to make Google Cloud Platform the primary destination for those who want to run Web3 apps.
“We’re not trying to be part of that cryptocurrency wave directly,” Google Cloud vice president Amit Zavery told CNBC. “We’re providing technologies for companies to use and take advantage of the distributed nature of Web3 in their current businesses and enterprises.”
Zavery told staff in an email (which was viewed by CNBC) that the Web3 market is “already demonstrating tremendous potential with many customers asking us to increase our support for Web3 and crypto related technologies.”
This isn’t quite Google’s first foray into this space. In January, it announced a Digital Assets Team and said it would look into ways of allowing Google Cloud customers to make and receive crypto payments. On an earnings call the following month, Alphabet CEO Sundar Pichai said the Cloud unit was exploring support for blockchain projects.
The new team will comprise employees who have been involved in Web3 projects either at Google or on their own time, according to Zavery. He said Google may create a system that will enable other companies to make it easy for people to look into blockchain data. Google’s tools will be compatible with other platforms like Amazon Web Services, Zavery said.
There’s an element of incongruity here. A core aim of the Web3 movement is making the web decentralized and shifting power away from major companies like Google, Amazon and Meta. Still, Web3 developers need to host their apps and services somewhere, and Google wants to be their first choice.
NVIDIA pays $5.5 million to settle SEC charges over GPU sales to crypto miners
It’s no secret these days that GPU makers profited from the early cryptocurrency mining boom, but NVIDIA is now facing some repercussions as a result. The company is paying $5.5 million to settle US Securities and Exchange Commission charges it failed to disclose that crypto mining played a “significant” role in its surging revenue from GPU sales throughout fiscal 2018. NVIDIA allegedly violated both the Securities Act and Securities Exchange Act when it didn’t reveal that its success was tied to a “volatile business,” potentially misleading investors who might have thought this was the result of the firm’s usual gaming-focused strategy.
The SEC’s order also said NVIDIA misled investors by acknowledging that crypto demand did affect other aspects of its business at the time. That implied mining wasn’t a significant part of the gaming business’ success where it was for other products, according to the regulator. NVIDIA will have to abide by a cease-and-desist barring it from future rule-breaking.
An NVIDIA spokesperson declined to comment. The brand has increasingly seen crypto mining as more of a liability to its gaming GPU sales than a benefit, though. It started limiting the mining capabilities of RTX GPUs in 2021 in a bid to free up cards for the intended audience. The company even launched dedicated mining cards that year in a bid to satisfy crypto fans without cutting into demand for its GeForce GPU line.
The payment is tiny for a company that made $7.6 billion in its most recently reported quarter. With that said, the modest settlement was somewhat expected given an unsuccessful past attempt to demand compensation. Tom’s Hardwarenoted in March 2021 that a judge dismissed a lawsuit accusing NVIDIA of deceiving investors — it was no secret many GPUs were destined for crypto miners, the judge ruled. While the SEC found wrongdoing, it was going to have a harder time showing that NVIDIA caused enough damage to warrant a large penalty.