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Comment Re:fdic! when an bank goes under you get your fund (Score 2) 52

Voyager advertised their customer accounts as being FDIC-insured. That claim is even still on their web site.

SPOILER: they're not.

Voyager execs are going to prison.

That FDIC-insured notice only applies if the Metropolitan Commercial Bank, the bank Voyager partnered with, goes under.

Per https://www.mcbankny.com/fdic-coverage-available-to-voyager-customers

Metropolitan Commercial Bank maintains an omnibus account specifically designated for the benefit of Voyager customers. The omnibus account holds US Dollars only. It does not hold cryptocurrency or any other asset. Voyager is responsible for maintaining records to determine the ownership and amount of each of its customer’s funds on deposit in the omnibus account.

Metropolitan Commercial Bank is a New York-chartered bank and member of the Federal Deposit Insurance Corporation. Voyager customer funds held by Metropolitan Commercial Bank are insured by the FDIC up to the maximum amount of coverage per depositor under federal law. The standard FDIC insurance coverage amount is currently $250,000 per depositor for each account ownership category.

FDIC insurance coverage is available only to protect against the failure of Metropolitan Commercial Bank.

FDIC insurance does not protect against the failure of Voyager, any act or omission of Voyager or its employees, or the loss in value of cryptocurrency or other assets.

Comment FTX to buy Voyager Digital too? (Score 1) 8

I wonder if FTX is buy Voyager Digital too.

FTX recently extended credit to both BlockFi and Voyager.

Now FTX is buying BlockFi for pennies on the dollar.

And like BlockFi, Voyager Digital has temporarily suspended trading, deposits, withdrawals and loyalty rewards, effective at 2:00 p.m. Eastern Daylight Time today.

Comment Re:Conscientious person running a social network (Score 1) 124

Someone who is a free speech "absolutist", a term that Musk uses to describe himself.

Despite calling himself a 'free speech absolutist,' Elon Musk has a history of retaliation against employees and critics

Elon Musk on Saturday criticized Twitter for "failing to adhere to free speech principles," which he said "fundamentally undermines democracy."

The Tesla CEO, who has previously referred to himself as a "free speech absolutist," has a track record of silencing critics with threats of lawsuits and firing employees who disagree with him.

"Seems @elonmusk is a free speech absolutist unless it involves safety concerns IMO," tweeted John Bernal, a former Tesla employee who was fired after he posted YouTube reviews of Tesla's autopilot functions on his channel, AI Addict.

"I was fired from Tesla in February with my YouTube being cited as the reason why. Even though my uploads are from my personal vehicle off company time or property with software I paid for," Bernal said in a video update posted earlier this month.

Bernal's firing is not the only example of Musk taking action against public criticism. In one instance, Fast Company reported that Musk found the identity of a would-be anonymous blogger who posted a negative stock analysis of Tesla and contacted their employer, threatening to sue, according to the blogger.

The poster deactivated his social media accounts and stopped posting about Tesla altogether.

In another incident, a journalist who had been critical of the Tesla Model X launch event was called by Musk personally and had their order for a Model X canceled.

Former employees have reported being fired for disagreeing with the CEO, for reporting racist harassment, or for simply being in his way.

Submission + - Sony To Buy Bungie For $3.6 Billion (theverge.com)

phalse phace writes: Let the consolidation games commence!

Sony is buying Bungie, the developer of Destiny and the original creator of Halo, for $3.6 billion. The acquisition arrives shortly after Microsoft’s announcement that it intends to acquire Activision Blizzard in a deal worth $68.7 billion. Bungie will “continue to independently publish and creatively develop our games,” Bungie CEO Pete Parsons said in a blog post.

Comment Doom (Score 1) 67

But Id's lawyers are most likely "scooting" in to try to protect the brand name and franchise from any confusion. According to the Wired report, Id has similarly stepped in to stop other folks from trademarking or registering brand names that use the word doom, including a rock metal event named the "Maryland Doom Fest" and a podcast titled "Garden of Doom." For now, the future of Doomscroll (The band) is up to lawyers at Id Software.

DC's in trouble then.

Submission + - Robinhood Data Breach (bleepingcomputer.com)

phalse phace writes: Robinhood has revealed in a blog post that they recently experienced a data breach that permitted the threat actor to gain access to the personal information of approximately 7 million customers.

According to Bleeping Computer, the attack occurred on November 3rd after a threat actor called a customer support employee and used social engineering to obtain access to customer support systems.

After accessing the support systems, the threat actor was able to access customer information, including full names, email addresses, and for a limited number of people, data of birth, and zip codes.

"At this time, we understand that the unauthorized party obtained a list of email addresses for approximately five million people, and full names for a different group of approximately two million people," disclosed a blog post published today about the security incident.

The company states that they do not believe any Social Security numbers, bank account numbers, or debit card numbers were exposed in the attack.

After learning of the attack and securing their systems, RobinHood also received an extortion demand. While Robinhood has not provided any details regarding the extortion demand, it was likely a threat that the stolen data would be leaked if a Bitcoin ransom was not paid.

Comment Where is the Bitcoin held? (Score 1) 49

I've always been curious about these machines as I see them in many different places (e.g. fuel stations, grocery stores). Where are these Bitcoins being held? Who's holding them and how secure are they? Can they be transferred to cold storage?

This sounds riskier than buying through Coinbase who's known for poor security and customer service

Comment Re:That's not a free-phone offer... (Score 1) 18

AT&T and Verizon weren't offering free phones either. You had to sign up for a service plan with the carrier to get the discounted phone, and the discount was done through monthly bill credits. If you canceled the service, you had to pay off the remaining balance on the phone.

A free phone would have any requirements like that.

Comment Re:Who buys a phone from their carrier? (Score 1) 18

I don't know how many people do it. I suppose it depends on the phone they're buying and the promotions being offered at the time. But at one point, if you wanted a Google Pixel phone, it was only available through Verizon.

And if you use a prepaid carrier such as Cricket Wireless, Metro By T-Mobile, Boost Mobile, Total Wireless, or Straight Talk and you can only afford a mid-range or lower range phone, it's usually easier to get one directly through them. At least that's what my elderly neighbor does.

Comment **No Title** (Score 1) 81

Cable cutting was supposed to make things cheap, now you have to pay for 5 different services and soon 2 or different pieces of hardware, corporations can fuck anything up.

When I cut the cable a decade ago, I was paying $70/mo. Checking now, I see it's still $70/mo. If I subscribe to the main streaming players all at once...

Netflix = $13.99/mo (standard plan)
HBO Max = $14.99/mo (no ads)
Disney Plus = $7.99/mo or $13.99/mo with Hulu
Amazon Prime = $12.99/mo or $119/yr

at most I'm paying $55.96/mo for everything including Hulu (slightly less if I pay upfront for a year of Amazon Prime instead of on a monthly basis).

That's still less than $70/mo for cable tv.

But the thing is I don't have to subscribe to everything at once. That's a huge positive in my book. I can do one or two services each month then pause and switch to something else the following month. I can also cut the cost by 50% by sharing the account with a friend or family member.

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