Freemium Isn’t Free! Free Mobile Games Generated a Whopping $61 Billion in 2018

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Fortnite was last year’s biggest winner with 2.4 billion USD in revenue. Image from Shutterstock. The 2018 end-of-year report by Nielsen-owned gaming research company SuperData has revealed that so-called freemium games – games that are free to play but typically enable microtransactions for users to purchase upgrades and gizmos – are dominating the entertainment market, […]

Facebook May Be Slapped with ‘Record-Setting’ FTC Fine for Data Breach Scandal

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Mark Zuckerberg-led Facebook could be on the receiving end of the largest fine in FTC history. | Source: AP Photo/Alex Brandon The US Federal Trade Commission is considering slapping Facebook with a “record-setting” fine for its epic data-breach scandal. The social media monopoly is accused of violating user privacy by selling their personal data to third parties […]

Taiwan: Bitcoin Traders Ran $51 Million Crypto Scam, Prosecutors Say

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Prosecutors say that a group of bitcoin traders in Taiwan ran a $51 million crypto scam. | Source: Shutterstock Prosecutors in Taiwan indicted seven bitcoin traders for allegedly operating a sham crypto investment scheme that bilked $51 million from more than 1,000 investors. The ringleader was a 47-year-old man whose surname is Lin, Focus Taiwan reported. The […]

Bitmain’s Chip Supplier Saw a ‘Big Drop’ in Crypto Mining Sales Last Year

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TSMC, which supplies chips to bitcoin mining giant Bitmain, said crypto-related demand plunged in 2018. | Source: Shutterstock Taiwan Semiconductor Manufacturing Company Limited, who provides chips to Bitcoin mining giant Bitmain, says that 2018 saw a downturn in demand for crypto mining chips. In a recent conference call with investors, TSMC CEO C. C. Wei […]

Watching the Pennies Excessively? Pound Falls from Two-Month High as UK Retail Sales Disappoint

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The pound fell from a two-month high after retail sales data from December spooked traders. | Source: Shutterstock The British pound fell from its two-month high early Friday as fears of a no-deal exit from the European Union rescinded. After hitting the $1.3000 mark on Thursday, the sterling pound is now trading around the $1.2940 […]

How Coinstar Could Turn $62 Million Dollars Worth of Literal Trash into Bitcoin

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Could Coinstar’s new bitcoin conversion service make people more conscious of their loose change? | Source: Shutterstock According to an estimate by recycling and waste management company Covanta Holding Corporation, Americans literally throw away $62 million dollars a year worth of spare pocket change. Covanta offered CBS News a theory along with the estimate “that […]

Plunging Consumer Sentiment is Proof Shutdown Will Wipe Out Dow’s Gains

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A decline in consumer sentiment demonstrates that the government shutdown is harming the stock market, recent recovery in the Dow Jones not withstanding. | Source: Shutterstock New data reveals consumer confidence has plunged to its lowest level in two years. Historic data suggests the US stock market ignores government shutdowns. However, none have continued for […]

Clever Play? PayPal CEO Offers Help to Workers Hurt by US Government Shutdown

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PayPal has announced a plan to help federal workers impacted by the US government shutdown. | Source: Shutterstock Dan Schulman, the president and CEO of PayPal, said that the fintech giant would provide federal employees affected by the partial US government shutdown with an interest-free $500 line of credit. PayPal to Dole Out $25 Million […]