Ilya "Dutch" Lichtenstein, 34, and his wife, Heather Rhiannon Morgan, 31, are accused of conspiring to launder $3.6 billion in stolen cryptocurrency. The couple is accused of laundering the money through complicated financial transactions. Authorities have not publicly linked the couple to the actual hack of the cryptocurrency, saying the investigation is ongoing.
Adobe has updated Premiere Pro with the Remix feature to allow AI to time music to fit the duration of your video. This may be a problem for editing as it can be difficult to time a video with a video as it may spend hours trimming, slicing and slicing tracks.
Apple has revealed Tap to Pay on iPhone, a feature that lets businesses accept payments by bumping phones and the Apple Watch, which requires an iPhone XS or later and supports Apple Pay. The technology will also work with digital wallets, third-party payment platforms, and contact-free credit and debit cards.
Amazon.com is doubling its maximum base salary to $350,000 from $160,000 as it increases compensation ranges globally and changes the timing of stock awards to align with promotion. The company is struggling to hire and retain employees as the company's stock has languished.
Peloton announced Tuesday it was firing 2,800 people. The company's outgoing CEO outlined in a memo the severance package those who are losing their jobs will receive. The package includes a complimentary Peloton membership for the next year. Peloton saw “unprecedented demand” during the pandemic, but the company’s “post-COVID demand picture looks different than anticipated,” so it is slashing thousands of jobs.
Google is being sued by PriceRunner for breach of a 2017 EU antitrust enforcement order against Google Shopping, accusing the search giant of giving prominent placement of its own shopping service while simultaneously demoting rivals in organic search results. The lawsuit claims Google gave prominent placement for its own comparison service while also demoting competitors in organic search results.
Nvidia Corp. and SoftBank Group Corp. are abandoning a blockbuster deal for the U.S. semiconductor giant to acquire chip-design specialist Arm after regulators raised antitrust concerns, now planning to pursue a public listing for the UK-based chip business. The nominal value of the deal had risen along with Nvidia share price that has advanced sharply in the intervening time amid booming semiconductor demand.
Amazon broke out its advertising services for the first time, with total revenue hitting $137.4 billion in Q4, which includes the critical holiday window. Analysts have long speculated that Amazon would eventually convert digital advertising's long-standing duopoly of Facebook and Google into a triopoly.
Snapchat's rollout of updated shopping features is another sign that social networks see a bright future in e-commerce, among the social media trendsetters that seek to build upon their hold on consumer attention into direct sales for their advertisers, experiencing a 17-time lift in purchases among women, nine times in purchase intent and 2.4 times in brand awareness.
Samsung Galaxy Watch 4 fans are getting a treat with a new update that adds enhanced health and wellness features aimed at helping folks stay fit and reach all their goals, including advanced interval training features for building custom workouts, a new sleep coaching program, and new insights for a better understanding of body composition. Samsung Health has partnered with Centr, a digital fitness program curated by Hollywood star Chris Hemsworth.
Facebook-parent Meta Platforms Inc said on Monday that billionaire investor Peter Thiel, who has been on the company's board since 2005, has decided to retire. Thiel will serve as a director until Meta's annual shareholder meeting but will not to stand for re-election.