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On January 25th, according to 9to5mac, an online tech media and blog focusing on Apple news, Apple (AAPL.O) agreed to settle a class-action lawsuit early last year alleging that Siri "illegally and intentionally recorded conversations." The issue dates back to 2019, and Apple initially denied any wrongdoing. While Apple has since worked to improve Siris privacy protections, it still decided to resolve the matter through a settlement. Claims for compensation opened in the middle of last year, and users have begun receiving payments. To be eligible for compensation, users had to have purchased a Siri-enabled Apple device between September 17, 2014, and December 31, 2024, and experienced an "accidental Siri activation." Each user could file claims for up to five devices. Although the $95 million settlement was initially expected to pay a maximum of $20 per device (with a single-person cap of $100), the final actual payout was approximately $8.02 per device (with a single-person cap of $40.10).On January 25th, Apple launched promotional activities through some of its direct sales channels. Among them, the iPhone Air, which has only been on the market for three months, has an official price reduction of 2000 yuan, with a maximum discount of 2500 yuan after the national subsidy. On the 25th, customer service at the Apple Stores official Tmall flagship store responded that only the iPhone 16 series is discounted on the official Apple website, and only this store is offering a discount on the iPhone Air through direct sales channels. The customer service representative also suggested adding the product to the shopping cart first. "Everyones very quick during the promotion." Furthermore, the customer service representative stated that this promotion is limited in quantity. Approximately 13,000 iPhone Air units are participating in the promotion.January 25 - According to the Japan Meteorological Agency, a magnitude 4.2 earthquake struck southern Ibaraki Prefecture, Japan, at 11:46 a.m. local time on January 25. The maximum intensity was 3, and the epicenter was at a depth of 50 kilometers. There is no risk of a tsunami.On January 25th, an international group of plaintiffs filed a lawsuit against Meta Platforms (META.O), accusing the company of making false claims regarding the privacy and security of its WhatsApp chat service. Meta touts its so-called "end-to-end" encryption as a core feature of WhatsApp, meaning that only the sender and receiver can read messages, and the company itself cannot access them. The company claims this encryption is enabled by default, and in-app messages show that only people in the current chat can read, listen to, or share messages. The plaintiff group filed the lawsuit on Friday in the U.S. District Court for the Southern District of California in San Francisco, accusing Meta of making false privacy claims. They claim that Meta and WhatsApp store, analyze, and have access to virtually all of WhatsApp users supposedly private communications, and accuse the company and its executives of defrauding billions of WhatsApp users worldwide. Meta spokesperson Andy Stone stated in an email that the lawsuit is baseless and that the company will seek sanctions against the plaintiffs lawyers.January 25th - Xiaomi founder, chairman, and CEO Lei Jun posted that the new generation SU7 Capri Blue is very beautiful in person, and they are striving to have some demo cars in dealerships before the Spring Festival, so everyone can experience it firsthand. Small orders have already begun.

The Russian Ministry of Finance Has Completed A Bill To Regulate Cryptocurrency Mining

Cory Russell

Apr 18, 2022 10:54

The draft legislation of the crypto bill "On Digital Currency" by the Ministry of Finance (MoF) emphasizes mining and trading laws.


Operators of exchanges and digital trading platforms will be licensed and regulated by a Russian government entity.


The new rule comes as a result of a rising desire for mining among Russian ministers.


Russia's new crypto regulatory law, according to information supplied by Russian news source Kommersant, would be rigorous in its approach.


The most current version of the draft legislation covers the new trading and mining laws for cryptocurrencies (Bitcoin, Ethereum, Litecoin, and others) introduced under the bill "On Digital Currency."

Russia Creates New Crypto Bill

The bill's additional standards for exchange and digital trading platform providers were one of the bill's centerpieces. According to Kommersant, these operators will now work as a team.


The exchange operators will be the ones to buy and sell cryptocurrencies on their own behalf and at their own cost, while the operators of digital trading platforms will be in charge of the organized bidding.


Additionally, these operators will be required to establish a distinct structural unit, produce yearly reports, meet the needs of new management bodies, perform internal control and auditing, and more.


They will also need to be classified as an AML/CFT organization, and their operations will be regulated and licensed by a Russian government authority.


Finally, for the first time, the measure will concentrate on the crypto mining process and companies. After registering with the appropriate authorities, legal companies, and individual miners, the law specified that crypto mining might be done.


These operations will be taxed individually, and data centers will be made available for mining if the owner is a Russian legal company.

Mining is in high demand

While the Russian government was planning to take cryptocurrency in January, things started to pick up pace once the Russian-Ukraine conflict erupted. Not only was the demand for cryptocurrencies increasing, but so was the need for mining.


Russia's Deputy Energy Minister, Evgeny Grabchak, stressed that the legal void around crypto mining must be filled as quickly as possible, with a clear set of laws and regulations in place.


To make the process more efficient, he advised decentralizing it by choosing mining locations on a more regional level rather than at the federal level.


With these rules about to take effect in the near future, it seems that the transition from calling for a mining ban to accepting controls is more of a necessity than a natural shift of attitude.