Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations
On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all of Signature’s deposits, except for $4 billion of deposits related to the bank’s crypto banking business. FDIC Expects $2.5 Billion Loss from Signature...
Major Labels Want ISP to Pay Additional $12 Million in Piracy Liability Case
Last fall, several of the world’s largest music companies including Warner Bros. and Sony Music prevailed in their lawsuit against Internet provider Grande Communications. The record labels accused the Astound-owned ISP of not doing enough to stop pirating subscribers. Specifically, they alleged that the company failed to terminate repeat infringers. The trial took more than two weeks to complete and ended in a resounding victory for...
Zippyshare Quits After 17 Years, 45m Visits Per Month Makes No Money
When file-hosting service Zippyshare showed its first signs of life in September 2006, accessing the site using an iPhone was impossible; the smart phone’s existence wouldn’t be announced for another four months. Zippyshare’s success was built on solid yet basic foundations; straightforward free hosting of files, via a clean interface, at zero cost to the user. With relatively few options available elsewhere, Zippyshare was a huge...
Top 10 Most Pirated Movies of The Week – 03/20/2023
The data for our weekly download chart is estimated by TorrentFreak, and is for informational and educational reference only. These torrent download statistics are only meant to provide further insight into the piracy trends. All data are gathered from public resources. This week we have four newcomers on the list. “Cocaine Bear” is the most downloaded title, beating Oscar winner Everything Everywhere All at Once. The most torrented...
A 5-minute tour of the Fediverse
A 5-minute tour of the Fediverse murph Tue, 03/21/2023 – 03:00 People want to communicate over the internet as easily as they do in real life, with similar protections but, potentially, farther reach. In other words, people want to be able to chat with a group of other people who aren’t physically in the same location, and still maintain some control over who claims ownership of the conversation. In today’s world, of...
