News

Twitch clamping down misinformation

Twitch is updating its misinformation policies to pressure those who are deemed to have been spreading misinformation on its platform. They stated on their blog post, “Every day, people come together on Twitch to build communities that celebrate a variety...

Amazon closes 68 physical retail stores

Amazon is putting a stop to the expansion of its physical stores. Reuters confirmed that the company is closing 68 brick-and-mortar retail stores across both the U.S. and U.K. Amazon launched its first physical bookstore in Seattle back in...

Wheat prices starting to show signs of weakness amid global tensions

As the western world continues to process the events that are going on, the unintended consequences are already being felt on the markets. Wheat which I talked about in an earlier article will heavily impact the global markets as...

Russian banks will be cut from SWIFT

Things start to escalate in this war as UK Prime Minister stated that Russian banks will be cut out from Swift. This is a very huge move and it’s hard to tell what will happen next from here on...

India lays out regulatory framework for cryptocurrency advertising

India has been cracking down on crypto advertisements and promotions which seem to be misguiding its residents. The Advertisement Standards Council of India (ASCI) laid out a guideline that crypto companies must follow. These regulations will help to protect...

Jamaica increases national minimum wage, a short-term patch for a long-term problem

Karl Samuda, Jamaica’s Labor Minister, announced in a virtual press conference held on February 22, 2022, plans to increase the minimum wage by approximately 28.5%. Persons who earn minimum wage will see an increase from $7,000jmd to $9,000jmd. Also,...

Disney is investing heavily into residential community projects

Disney is furthering their push into the real estate industry with a new initiative geared towards creating communities for its audience. These would be for customers who would want to extend their experiences beyond the amusement park. Josh D’Amaro, chairman...

Binance US under SEC probe over suspicions with trading affiliates

Binance US is currently facing a probe by the SEC (Securities and Exchange Commission) over connections with Sigma Chain AG and Merik Peak Ltd. These companies trade cryptocurrencies on Binance under the guise of market makers who would usually...

Texas files lawsuit against Facebook over facial recognition technology

Another day another lawsuit for Facebook, which is facing yet another lawsuit over its controversial facial recognition technology. The lawsuit filed by Texas is attesting the fact that Facebook’s use of facial technology to analyze residents’ facial data was...

BlockFi will pay $100 million in fines over breaching regulations

BlockFi the crypto lending platform has been in hot water since November 2021 from the SEC (Securities and Exchange Commission) over claims that the company was a securities offering. Due to the wild west of cryptocurrencies, it’s easy for...
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Twitter Rebrands to ‘X’

In a surprise move, Elon Musk has rebranded Twitter as "X." The change was announced on Sunday, and the...
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