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Gyeonggi seizes 6.1 billion won of crypto from 1,661 investors for unpaid fines

Sep 21, 2021 23:58 pm UTC| Digital Currency Law

The South Korean province of Gyeonggi seized cryptocurrencies worth 6.1 billion won ($5.14 million) from 1,661 investors due to the more than $12 million in unpaid fines. Before the seizure, Gyeonggi investigated 29,656...

Customer sues AT&T for security breach that led to cryptocurrency theft

Sep 21, 2021 23:58 pm UTC| Law Digital Currency

A customer sued ATT alleging that it failed to provide appropriate security to prevent unauthorized access to its customer wireless accounts that resulted in the theft of 159.8 ethereum tokens. Jamarquis Etheridge, an...

Coinbase drops crypto lending program due to SEC's lawsuit threat

Sep 21, 2021 23:43 pm UTC| Law Digital Currency Economy

Coinbase dropped its plan to launch a lending program after the US Securities and Exchange Commission (SEC) threatened it with a lawsuit The Nasdaq-listed cryptocurrency exchange said that as it continues to seek...

Crypto investor sues Apple for offering malicious app that led to cryptocurrency theft

Sep 20, 2021 23:41 pm UTC| Law Digital Currency Economy

A crypto investor has sued Apple Inc. for offering a malicious application dubbed Toast Plus in its App Store that led to the theft of her 474 XRP cryptocurrencies. Maryland resident Hadona Diep, a full-time...

S. Korea's Firstface gets US court's nod in Touch ID patent dispute with Apple

Sep 18, 2021 23:52 pm UTC| Law Economy Technology

A US federal appeals court upheld the validity of two of the three Touch ID technology patents owned by South Koreas Firstface Co. in its dispute against Apple Inc. The technology was featured by iPhone 5S and...

FSS to appeal Seoul court decision favoring Woori chairman

Sep 18, 2021 23:26 pm UTC| Law Economy

The Financial Supervisory Service will appeal a Seoul court decision that nullified its penalty on the current Woori Financial Group Chairman Sohn Tae-seung for the misselling of high-risk funds. The Seoul...

Boston Beer sued by investors for misleading statements on seltzer biz

Sep 17, 2021 23:09 pm UTC| Law Economy

Investors are suing Boston Beer Co. for misrepresenting the sales performance of its seltzer product line, which includes Angry Orchard Hard Seltzer and Truly Hard Seltzer. At least three law firms have sued Boston...

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Economy

Starbucks starts testing plant-based whipped cream

Starbucks is expanding its use of vegan offerings through its newest plant-based option. It was reported that the coffee chain giant is now testing a new whipped cream made from lentils. The new Starbucks vegan whipped...

Amazon fulfills giveaway pledge for vaccinated workers by handing out new cars and $100,000 payouts

Amazon handed out cash and free cars to its warehouse workers who already received their doses of the COVID-19 vaccine. It was reported that the e-commerce and tech firm gave away $100,000 cash bonuses this month for...

McDonald's revamping Happy Meal toys to be eco-friendly

McDonalds revealed earlier this week that it would make significant changes to its Happy Meal toys in an effort to cut the use of plastic. The fast-food chains meal package for kids always comes with a toy, and they are...

Freddie Mercury NFTs up for auction for AIDS charity

Four non-fungible token (NFT) artworks inspired by the late Freddie Mercury of band Queen are being auctioned off for charity to mark the British singer-songwriters 75th birthday. Three of the NFTs show an image of...

Politics

Capitol insurrection: Michael Flynn's private security force reportedly on the ground on January 6

Several key individuals of the Trump administration and of the former president himself are emerging as links to the Capitol insurrection last January 6. A report revealed that Michael Flynns private security force was...

Joe Biden says US will donate additional 500 million COVID-19 vaccine doses

This week, US President Joe Biden hosted a COVID-19 summit amongst his counterparts. At the virtual event, Biden pledged that the US will donate an additional 500 million doses of the COVID-19 vaccine to other...

Mary Trump weighs in on latest lawsuit by uncle Donald Trump

This week, former President Donald Trump filed a lawsuit against his niece Mary Trump and the New York Times. Ms. Trump appeared to shrug the latest lawsuit against her by her uncle, saying that this is the norm within the...

Kamala Harris immigration: VP blasts expulsion of Haitian migrants from border

To this day, thousands of migrants are still at the southern border of the US, looking to enter the country even in the midst of the pandemic. This week, US Vice President Kamala Harris blasted the recent incidents of...

Science

UK industry group warns CO2 crisis poses a risk of meat shortage

An industry group has warned of carbon dioxide (CO2) shortage in the UK within the week due to a sharp rise in gas prices that could result in meat supply issues. The gas price hie has forced domestic energy suppliers...

S. Korea's POSCO, Hyundai to use oyster shell waste for steelmaking

S. Korean steelmakers POSCO and Hyundai Steel Co. will start using oyster shells as a secondary base material for producing steel. Both firms have been developing a recycling technology with a local oyster shell...

S. Korea to develop solar-powered drone that could carry 20 kg to stratosphere

South Korea will invest 37.47 billion won in developing a solar-powered drone that could carry over 20 kilograms in the stratosphere and with natural disaster monitoring capability by 2025. The drone will serve as an...

S. Korean scientists develop 3D printing ink from sunflower pollen

A group of South Korean scientists from Nanyang Technological University in Singapore managed to develop 3D printing ink material from sunflower pollen. The research team led by professor Cho Nam-joon first incubated...

Kumho Petrochemical to produce eco-friendly rubber compound out of rice bran

Kumho Petrochemical Co. will produce an eco-friendly synthetic rubber compound made of rice bran-based bio-silica. Silica improves fuel efficiency, braking power, and wear resistance of synthetic rubber for...

Technology

Surface Duo 2 to ship to more countries next month

The anticipated Surface Duo 2 is now available for pre-order with a confirmed retail launch next month. However, like its predecessor, the new dual-display device will be shipped in select markets only. Surface Duo 2...

Nintendo announces next ‘Direct’ showcase happening on September 23

Nintendo surprised fans this week with the announcement of the next Nintendo Direct showcase. While the video game company has announced when and where fans can watch the presentation, gamers are still left guessing what...

Best Buy restocks PS5, Xbox Series X/S in-store on September 23

Best Buy has officially announced it is having an in-store restock of PS5 and Xbox Series X/S consoles later this week. The major retailer, however, noted that there are only limited quantities available. In an...

Orca joins ‘Dragon Quest XII: The Flames of Fate’ development

Dragon Quest XII: The Flames of Fate will be the next main title installment for the popular Japanese role-playing game series from Square Enix. While details about the game, its plot, and features are still very scarce,...
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