Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’
Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange FTX. “Recent reports suggest potential fraud conducted at FTX which is deeply concerning for all parties,” the plan states. Major Canadian Pension Plan Writes Down FTX Investment Ontario Teachers’ Pension Plan (OTPP), Canada’s third largest pension fund, issued a statement Thursday...
Bahamas Regulator Takes Action to Seize FTX’s Cryptocurrencies to ‘Protect’ Clients and Creditors
The Securities Commission of the Bahamas has ordered crypto exchange FTX to transfer its cryptocurrencies to a wallet controlled by the regulator. The “Urgent interim regulatory action was necessary to protect the interests” of FTX’s clients and creditors, said the regulator. Bahamas Regulator Takes Action to Seize FTX’s Cryptocurrencies for ‘Safekeeping’ The Securities Commission of the Bahamas (SCB) announced Thursday that it has...
Big Four Company KPMG to Examine New Business Models in the Metaverse
KPMG, one of the “big four” companies in the consulting and auditing business, is appointing a new head of metaverse futures. The new position, to be occupied by Alyse Sue, will be dedicated to the implementation of technologies such as metaverse and crypto to find fresh business models for the company, as other big four companies are already doing. KPMG to Focus on the Metaverse The metaverse is gaining the attention of many large...
“Anna’s Archive” Opens the Door to Z-Library and Other Pirate Libraries
When the file-sharing revolution hit the mainstream well over a decade ago, many site operators and users positioned ‘sharing’ as an ideology. This altruistic belief has started to fade in recent years. For most pirate sites and services, money is the main driver, with piracy as the means to that end. There are some notable exceptions of course, especially in the publishing industry where free access to knowledge is advocated by...
YouTubers Must Pay $3.5m Damages For Uploading 10-Minute Movie Edits
Setting aside two hours to watch a movie can be a luxury these days, especially when the busiest among us claim they can guzzle 200 TikTok videos in much less than that. So-called ‘Fast Movie’ channels appear to offer some middle ground. Popular mainstream movies lasting a couple of hours are edited down to around 10 minutes and then uploaded to YouTube. The aim is to keep the storyline more or less intact yet despite obvious...
