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U.S. prosecutors charge leaders behind OneCoin, a multibillion-dollar crypto pyramid scheme

U.S. prosecutors charge leaders behind OneCoin, a multibillion-dollar crypto pyramid scheme

The Southern District of New York (SDNY) has charged Konstantin Ignatov, Ruja Ignatova, and Mark Scott, for wire fraud, securities fraud, and money laundering. The charges stem from the roles Ignatov, Ignatova, and Scott played in what the SDNY calls “an international pyramid scheme” which involves the marketing of cryptocurrency project OneCoin.OneCoin’s main business model is selling educational cryptocurrency trading packages to its members. Members of OneCoin receive commissions for recruiting others to purchase packages. According to the SDNY, “this multi-level marketing structure appears to have influenced rapid growth of the OneCoin member network,” with OneCoin claiming to have “more than 3 million members worldwide, including victims living and/or working within the Southern District of New York.”
Airports scramble to handle drone incidents

Airports scramble to handle drone incidents

Washington, DC (CNN)Drones have become an increasing nuisance for airports worldwide in recent months, and good solutions to keep them from interfering with flights aren't yet available.Airports in various cities -- including Newark, New Jersey; Gatwick, England; Dublin, Ireland and Dubai -- have grounded planes in the last three months following drone sightings.The incident at Gatwick in December proved especially disruptive, impacting the flights of more than 100,000 passengers. In 2017, a drone hit a commercial airplane approaching Quebec City in Canada. The plane landed safely.
Venezuela launches crypto remittance services using Bitcoin [BTC] and Litecoin [LTC]

Venezuela launches crypto remittance services using Bitcoin [BTC] and Litecoin [LTC]

The Nicolas Maduro-led Venezuelan government announced the launch of cryptocurrency remittance services recently. The remittance, which can be settled by using two crypto assets, Bitcoin [BTC] and Litecoin [LTC], was authorized by the country’s crypto asset regulator, Superintendency of Cryptoassets and Related Activities [Sunacrip] earlier this month.The service on the Remesas platform is designed to enable individuals living abroad to settle payments with recipients in the Bolivarian Republic of Venezuela. The recipient should be of legal age and should also be registered with the Patria platform to receive payments.
Chinese online retailers slash iPhone prices for second time this year

Chinese online retailers slash iPhone prices for second time this year

SHANGHAI (Reuters) - Chinese online retailers have started discounting iPhones for the second time this year as Apple Inc wrestles with a prolonged sales slowdown in the world’s largest smartphone market.Several electronics vendors announced discounts on iPhone devices this week, following mass discounts in January just before Apple reported sinking sales in China.Gadget retailer Suning.Com Co Ltd said it would slash the price of the iPhone XS by as much as 1,000 yuan ($148.95) from its official price. Suning had lowered the prices of other iPhone models in January along with other retailers, but those cuts excluded the iPhone XS.
Beto O'Rourke calls for nationwide legalization of marijuana

Beto O'Rourke calls for nationwide legalization of marijuana

Former Rep. Beto O'Rourke (D-Texas) on Monday expressed support for the federal legalization of marijuana as he mulls a potential presidential bid in 2020.CNN reported that O'Rourke sent an email to supporters in which he backed the repeal of the federal criminalization of marijuana and called for the records of those jailed over marijuana possession to be expunged.O'Rourke pitched the overhaul of federal marijuana laws as part of a broader array of criminal justice reform proposals, CNN reported. Others included allowing convicted criminals to apply for loans, and banning the box on job application forms that requires job applicants to disclose their criminal history.
IDC Reports Strong Growth in the Worldwide Wearables Market, Led by Holiday Shipments of Smartwatches, Wrist Bands, and Ear-Worn Devices

IDC Reports Strong Growth in the Worldwide Wearables Market, Led by Holiday Shipments of Smartwatches, Wrist Bands, and Ear-Worn Devices

FRAMINGHAM, Mass.--(BUSINESS WIRE)--The worldwide market for wearable devices grew 31.4% during the fourth quarter of 2018 (4Q18), reaching a new high of 59.3 million units according to data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. Growth in the market was driven by new wearables launching during the months leading up to the holiday season as well as new smartphone launches as many were bundled with wearables from leading brands. Shipments for the entire year of 2018 grew by 27.5% with 172.2 million wearables shipped. Much of this growth was attributed to the growing number of ear-worn devices as they captured almost a quarter of the market during the year.
Bitcoin Giant Coinbase Drops Hacking Team C-Suite After Public Outcry

Bitcoin Giant Coinbase Drops Hacking Team C-Suite After Public Outcry

What a past couple of weeks it has been for Coinbase. The San Francisco-headquartered added XRP to its Pro and Consumer platforms in rapid succession, and the firm acquired Neutrino, an analytics and research startup.  In a company statement, the now-Neutrino owner, valued at a hefty $8 billion, noted that it participated in this business deal due to the importance of blockchain data in its raison d’etre of creating a global open financial system.
Facebook is thinking about using 'cartilage conduction' technology in augmented reality headsets, for audio without headphones

Facebook is thinking about using 'cartilage conduction' technology in augmented reality headsets, for audio without headphones

Facebook is thinking about a novel approach to providing sound in augmented reality: "cartilage conduction" technology that would allow you to hear sound from a computer without having to wear headphones.Adding sound to virtual reality is pretty straightforward — the user's headset replaces the entire world with virtual imagery, so they can pop a pair of headphones or speakers on to complete the illusion. But with augmented reality, where virtual objects are overlaid via a display over the real world, it's more tricky; users might benefit from added sound, but traditional headphones could block out sound from real life entirely.
QuadrigaCX mystery deepens after cryptocurrency cold wallets found empty

QuadrigaCX mystery deepens after cryptocurrency cold wallets found empty

Following weeks of speculation, QuadrigaCX’s court-appointed auditor has finally revealed the addresses for the struggling cryptocurrency exchange’s offline Bitcoin wallets.According to EY, which published its third report into the investigation on Friday, the cold storage wallets are empty – aside from a transfer of $400,000 worth in Bitcoin which was inadvertently sent last month – meaning $100 million in user funds continues to be unaccounted for.The news comes after the exchange said in January that it owed customers approximately $134 million worth of cryptocurrency.
Cook Says Apple Is ‘Rolling the Dice’ on Future Products

Cook Says Apple Is ‘Rolling the Dice’ on Future Products

Apple Inc. Chief Executive Officer Tim Cook said he has "never been more optimistic" about where the company is today and where it’s heading. In a pep talk to investors, Cook said the iPhone maker is “planting seeds” and “rolling the dice” on future products that will just “blow you away.”Speaking at the company’s annual general meeting in Cupertino, California, Cook reiterated that the iPhone maker is still on track to double revenue from services in 2020 from the nearly $25 billion in 2016. Referencing speaking notes on an iPad, Cook touched on several of the company’s product categories.He said eventually the goal is to lower the price on the $1,200 MacBook Air laptop with a higher-resolution screen and said there’s a “long, great roadmap of fantastic” products related to the Apple Watch and AirPods. He indicated that more health features would come to the smartwatch.


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