Morning Tidings

Tag: recover

  • Bankrupt Crypto Platform Genesis Sues Crypto Exchange Gemini To Recover USD 689 Million

    Bankrupt Crypto Platform Genesis Sues Crypto Exchange Gemini To Recover USD 689 Million

    San Francisco, November 23: Bankrupt crypto lending platform Genesis has sued cryptocurrency exchange Gemini to recover $689 million. Genesis alleges that Gemini, owned by the Winklevoss twins, made “significant withdrawals” before Genesis filed for bankruptcy, contributing to a “run on the bank,” reports CoinDesk.

    The lawsuit alleged that Gemini made preferential transfers of an “aggregate gross amount of no less than approximately $689,302,000” from Genesis at the expense of other creditors and asked the court to “correct this unfairness.” Genesis and Gemini have been embroiled in a public and legal feud ever since the collapse of cryptocurrency exchange FTX run by former CEO Sam Bankman-Fried. Genesis filed for bankruptcy in January. Microsoft CEO Satya Nadella Says ‘AI Is Only a Means, Not an End’ After Sam Altman’s Return to OpenAI.

    Its parent company, Digital Currency Group (DCG), was sued by Gemini in July over allegations that DCG then described as “defamatory” and a “publicity stunt.” In September, Genesis sued its parent company, DCG, seeking the repayment of multiple loans worth over $600 million. In October, Gemini sued Genesis over 60 million shares of the Grayscale Bitcoin Trust (GBTC), valued at around $1.6 billion. Ironically, Gemini, Genesis, and DCG must deal with the lawsuit New York’s Attorney General has filed against all three of them. Amazon Launches ‘AI Ready’ Initiative To Provide Free-GenAI Skill Training to Two Million People by 2025.

    The turmoil in the world of crypto continues. On Wednesday, Binance Founder Changpeng Zhao (also known as CZ) announced that he will step down as the CEO of the world’s largest cryptocurrency exchange, after pleading guilty to federal charges and agreeing to pay $4.3 billion in fines. Binance Holdings Limited (Binance), the entity that operates the world’s largest cryptocurrency exchange, Binance.com, pleaded guilty and has agreed to pay over $4 billion to resolve the US Justice Department’s investigation into violations.

  • Apple AirTags Help Man Locate & Recover His Stolen Range Rover in Canada: Report

    Toronto: Tech giant Apple’s AirTags helped a man locate and recover his stolen Range Rover in Canada, media reports said. According to AppleInsider, the owner of the SUV attached three AirTag trackers that helped him locate the vehicle, which was then recovered by police. Apple Likely To Launch 2nd-Gen AirTag As Shipments Rise: Report.

    As per the report, after having his first Range Rover stolen a month ago, he purchased an identical unit to replace the lost vehicle. The first unit was never found, as the thief threw the owner’s wallet and family members’ phone out of the Rover before driving off with it in an apparent attempt to prevent tracking.

    “The thieves were able to disable the tracker in my car, put there by the manufacturer,” according to the man, who for safety concerns has been identified only by his first name, Lorne.

    These thieves were also able to steal the car despite him having placed his keys into a faraday box, which prevents criminals remotely copying a key fob and mimicking its signal to unlock the car. Consequently, Lorne decided to place three AirTags in this second vehicle. He placed one in the glovebox, one inside the spare tire, and a third under the back seat.

    On June 22, this SUV was parked away from the garageand at the very next day, Lorne was woken up by the news that his car was stolen. He was however able to use the Find My app to follow the car to a metal recycling plant in the nearby Scarborough district. Lorne was unable to contact law enforcement after arriving at the plant, which led him to drive to the police station instead.

    AirTag that let users keep track of personal items like keys, wallet, purse, backpack, luggage and more through the Find My app. It sends out a secure Bluetooth signal that can be detected by nearby devices in the Find My network. These devices send the location of your AirTag to iCloud — then you can go to the Find My app and see it on a map. The whole process is anonymous and encrypted to protect your privacy.

    (The above story first appeared on Morning Tidings on Jun 30, 2022 08:37 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Bihar Shocker: Two Arrested After Police Raid Bookshop, Recover Liquor Consignment (Watch Video)

    In a video that has gone viral on social media, police officials in Bihar are seen raiding a book shop that is selling alcohol. The cops have arrested the man selling liquor. The accused and the book shopkeeper have been sent to jail.

    See video:

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and Morning Tidings Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of Morning Tidings, also Morning Tidings does not assume any responsibility or liability for the same.)

  • ‘Virus growth, vaccination speed to recover’

    ‘Virus growth, vaccination speed to recover’

    The Moody’s Investors Service stated that there is a high risk for a resurgence of COVID-19 infection in India, partial lockdown and a strong economic rebound with a slow pace of vaccination, although the country may still record double-digit growth.

    In a note on India’s sovereign rating, the global agency said that the second wave of infections presented a growth forecast of 13.7% of its 2021-22 GDP, ‘because the reintegration of virus management measures will curb economic activity’ And the market and the consumer may suffer. feeling ‘.

    ‘Retail activity drops’

    “Retail and entertainment activity across India was reduced by 25% by 7 April compared to 24 February,” said Moody’s. “This was shown in the March Consumer Confidence Survey of the Reserve Bank of India, which showed a decline in the perception of the economic situation and expectations of a reduction in spending on non-essential items,” it said.

    India recorded its highest daily increase in new COVID-19 infections since the epidemic began on April 11, pushing its active case beyond the previous 1 million, the agency said, adding that vaccination roll-out would be important in management. In a way that balances ‘virus management against maintaining economic activity’.

    Despite the fresh risks, the rating agency said that India’s GDP is still likely to grow in double digits in 2021, given its low level of activity in 2020. “Attention has been paid to ‘micro-control areas’ to deal with the current wave of infection.”, As opposed to a nationwide lockdown, we expect the impact on economic activity to be less severe than in 2020.

    “India’s very low coronavirus death count (about 1,70,179 deaths have been recorded as of April 12) and a relatively small population also help reduce the risk,” it said.

  • ‘Retail jewelers likely to recover’

    ‘Retail jewelers likely to recover’

    According to a report, the demand for retail jewelers is likely to increase by 30-35% in the next financial year, despite the steep fall in gold prices and fall in the results.

    There was strong demand decline in Q3 FY21 due to festive season, pent-up wedding demand and a 10% improvement in gold prices during the festive period last August, India Ratings said in a report, stabilized by a revision in sectoral outlook To stabilize is negative.

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  • China denies plans to recover $ 1 billion Alibaba

    China denies plans to recover $ 1 billion Alibaba

    The ongoing squeeze on Alibaba – one of China’s most influential companies – is the latest sign that the leadership is ready to dismiss the ambitions of big tech firms in a fugitive Internet sector

    (For a quick snapshot of the top 5 tech stories, subscribe to our today’s Cash Newsletter. Click here to subscribe for free.)

    China on Friday denied that it was planning to kill e-commerce giant Alibaba with a record of nearly $ 1 billion for allegedly flouting monopoly rules, as authorities pressured the country’s vast technology sector Was increased.

    China’s largest online shopping portal, Alibaba, has been in the crosshairs of authorities in recent months regarding its accessibility to the daily finances of ordinary Chinese people.

    The market regulator denied that the company was planning to pay a fine of about $ 1 billion for anti-competitive behavior, as reported by the Wall Street Journal, which cited unnamed sources linked to the case.

    However, on Friday it killed 12 other tech firms, including giants Tencent, Baidu and ByteDance – symbolic penalties for violating monopoly rules.

    Also read China issues new anti-monopoly rules targeting its tech giants

    The state administration said in a statement on Friday that Tencent was fined $ 77,000 for its 2018 investment in online education app Yuanfudo.

    Search giant Baidu will have to pay the same amount in 2014 to get consumer electronics manufacturer Ainemo under the radar.

    Beijing has warned that it will take a callous approach to antitrust questions.

    Premier Li Keqiang said last week that the government would “strengthen anti-monopoly laws” and “prevent the disorganized expansion of capital”.

    Analysts said Friday’s dismissal gives a strong indication of the Communist Party’s dominance over the country’s technical landscape.

    “These penalties send a message: The economy and everything within it must follow the state’s directives,” Alex Capri, a senior fellow at the National University of Singapore’s business school, told AFP.

    Also read Control of ‘resonance of data’ behind Alibaba’s feud with authorities

    Capri said the hefty rules would curb the ability of tech firms to be affected by market share and uncontrolled acquisitions. – Alibaba’s havoc –

    The ongoing squeeze on Alibaba – one of China’s most influential companies – is the latest sign that the leadership is set to defy the ambitions of large tech firms in a fugitive Internet sector.

    The Wall Street Journal reported on Thursday that officials are considering a hefty fine against the company, which could top $ 975 million paid in 2015 by US chipmaker Qualcomm – the largest for antichromatic practices in China Known penalty.

    But the regulator in charge of the case told AFP that there is no truth in the story.

    “If it is not (on our website), it is not (true),” said a spokesperson for the State Administration for Market Regulation.

    Nevertheless, the company faces legal troubles. The problems began following comments in October by billionaire founder Jack Ma, which he put into China’s steadfast regulatory system.

    In November, financial regulators pulled the plug on Alibaba’s online payment subsidiary Ant Group’s record $ 35 billion Hong Kong-Shanghai initial public offering.

    A month later, authorities opened an investigation into Alibaba’s business practices, which were deemed to be anti-competitive and Ma had been missing from public view since mid-January.

    Also read Alibaba plans $ 5 bln bond this month amid regulatory scrutiny

    The company, based in the eastern city of Hangzhou, said last month that it was “fully cooperating” with the state administration’s investigation into market regulation.

    Regulators are also investigating whether VCs should distribute property unrelated to their main online retail business, the Wall Street Journal reported without presenting details.

    When contacted by AFP, Alibaba spokesman declined to comment on the report.

    The company has been under fire in the past for refusing to list its merchants on rival e-commerce platforms.

    Once finalized, the measures against Alibaba will need to be approved by China’s top leadership.

    Regulators have already asked Ant Group to change its business model and withdraw its lending, insurance and wealth management services.

    Alibaba made 52 percent to 12.2 billion in profits in the last three months of 2020, despite the official rift.

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  • Surgery helps humans recover from a rare condition

    Surgery helps humans recover from a rare condition

    A surgery was performed by Apollo Hospitals, in which a 57-year-old man was diagnosed with Achalasia cardia, an unusual condition that affects the muscles of the food pipe.

    The patient living in Gandhi Market, Tiruchi, complained of sleeplessness and nausea for six months. SNK Chenduran, consultant gastroenterologist, diagnosed him with Achalasia cardia.

    In this case, the lower osophageal sphincter — a muscular valve between the food pipe and the stomach — fails to relax during swallowing, causing chest pain, heartburn, vomiting, weight loss, and sleepiness.

    One per oral endoscopic myotomy, a minimally invasive procedure was performed on the patient by a team of doctors led by Dr. Chenduran. The procedure is commonly used to treat early and small cancerous lesions in the stomach and intestines, he said.

    The fully recovered patient is now able to eat, and can sleep well, doctors said.

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