Tag Archives: Suspends

Genesis Trading suspends redemptions and new loans in wake of FTX

Genesis Trading suspends redemptions and new loans in wake of FTX

Genesis Trading, one of the largest crypto lending institutions, said it’s temporarily suspending redemptions and new loan originations in its lending business. The development is one more blow to crypto credit markets and sent bitcoin’s value down. The company said on a Wednesday call with clients that it’s working to find a solution for its lending business and is pushing to present proposals next week. The announcement comes as yet another ripple effect from the bankruptcy of major crypto… Source link

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Nike suspends deal with Kyrie Irving, cancels shoe release after antisemitism debacle

Nike suspends deal with Kyrie Irving, cancels shoe release after antisemitism debacle

The consequences for Kyrie Irving are piling up after the Brooklyn Nets guard’s tweeting of an antisemitic video last week. A day after Irving was suspended at least five games without pay by the Nets, sports apparel giant Nike announced it was suspending its relationship with Irving effective immediately and canceling the launch of his Kyrie 8 signature shoe, per CNBC’s Sara Eisen. Nike denounced antisemitism in its statement: At Nike, we believe there is no place for hate speech and we… Source link

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NBA suspends Phoenix Suns, Mercury owner Robert Sarver for one year

NBA suspends Phoenix Suns, Mercury owner Robert Sarver for one year

The NBA on Tuesday announced a one-year suspension and $10 million fine of Phoenix Suns and Mercury owner Robert Sarver following a lengthy independent investigation into workplace misconduct allegations. The league launched the investigation into Sarver following a November 2021 article published by ESPN’s Baxter Holmes, whose interviews with more than 70 current and former Suns employees revealed a history of alleged “racially insensitive language,” “misogynistic” behavior and other hostile… Source link

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Crypto platform Vauld suspends withdrawals, trading and deposits amid financial challenges

Crypto platform Vauld suspends withdrawals, trading and deposits amid financial challenges

Vauld, a Singapore-headquartered crypto lending and exchange startup, has suspended withdrawals, trading and deposits on its eponymous platform with immediate effect as it navigates “financial challenges,” it said Monday. The startup — which counts Peter Thiel-backed Valar Ventures, Coinbase Ventures and Pantera Capital among its backers and has raised about $27 million — said it is facing financial challenges amid the market downturn and has seen customer withdrawals of about $198 million… Source link

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Google suspends engineer who claims its AI is sentient

Google suspends engineer who claims its AI is sentient

Google has placed one of its engineers on paid administrative leave for allegedly breaking its confidentiality policies after he grew concerned that an AI chatbot system had achieved sentience, the Washington Post reports. The engineer, Blake Lemoine, works for Google’s Responsible AI organization, and was testing whether its LaMDA model generates discriminatory language or hate speech. The engineer’s concerns reportedly grew out of convincing responses he saw the AI system… Source link

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Google suspends Play Store purchases, subscriptions in Russia

Tech giant Google has reportedly suspended Play Store purchases and subscriptions for Android users in Russia. In late February, Google had earlier announced that it will be cutting down on advertisements and media from the Russian Federation as a response to the country’s invasion of Ukraine, reports GizmoChina. However, this week, the company has taken further action on the ongoing situation as the company has… Source link

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Google suspends Play store billing, YouTube payments in Russia – TechCrunch

Google is suspending billing on its mobile app store, Play, and pausing payment-based services for YouTube users in Russia — blaming “payment system disruption” related to Western sanctions on Russian banks. The development, which was reported earlier by Reuters, comes in the wake of Russia’s invasion of Ukraine and the sanctions on Russian banks that swiftly followed as the West opted for an economic response to Putin’s war in Europe. In a support note on its Android… Source link

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