Prominent DDL Piracy Site Snahp.it Shuts Down Citing Security Concerns
At the turn of the century when server bandwidth was at a premium, peer-to-peer (P2P) file-sharing stepped in to solve the problem. Rather than a small number of individuals having to foot the bill, sharers picked up their own parts of the traffic tab by sharing content with their peers. In the mid-2000s, server bandwidth became much more affordable and as the years progressed, storing media for direct delivery to end-users became a...
Movie Companies Demand Over $10m in Piracy Damages from LiquidVPN
A few years ago piracy-related lawsuits were pretty straightforward. Copyright holders would either sue alleged file-sharers or the operators of pirate sites. In recent months, we have seen a new breed of lawsuits filed on behalf of the makers of movies such as “Hunter Killer,” “Automata,” “Survivor,” and “I Feel Pretty.” These lawsuits target VPN providers, which are generally seen as third-party intermediaries. This includes...
Grand Jury Charges ‘Omi in a Hellcat’ With Conspiracy to Pirate Xfinity & Spectrum TV Services
A little under two years ago, the federal government shut down Gears-branded IPTV services operated by Bill Omar Carrasquillo (aka Omi in a Hellcat). IRS and FBI agents seized “at least” $5.2m from his bank accounts along with a laundry list of supercars and other vehicles, alleged to have been purchased with revenues from Carrasquillo’s TV services. As the government works to take possession of those assets in a civil process, the...
Argentinian Exchange Ripio Raises $50 Million in Latest Funding Round Led by DCG
Ripio, a Latin American (Latam) exchange headquartered in Argentina, raised $50 million in its latest funding round, led by Digital Currency Group (DCG). The exchange, which has a stronghold in countries like Argentina and Brazil, will use these new funds to further expand to new countries in the area and consolidate its spot as one of the pioneering companies in the crypto exchange business. Ripio Gets $50 Million in Series B Funding...
Crypto Exchange Binance Ceases Derivatives Trading in Australia
Amid regulatory scrutiny worldwide, global cryptocurrency exchange Binance has announced that it will cease offering futures, options, and leveraged tokens to Australian users in 90 days. Changes Coming to Binance Australia Cryptocurrency exchange Binance announced some changes to its offerings in Australia Tuesday. The exchange will cease offering futures, options, and leveraged tokens to existing Australian users. Binance explained:...
