Posts Tagged: Founder

Telegram founder confirms paid features are coming soon

Those unlockable Telegram features that showed up with the app's beta version in May will soon be available for paying users. Telegram founder Pavel Durov has confirmed that the app is launching a subscription plan called Telegram Premium sometime this month. While Durov didn't discuss the specific benefits that come with the plan, he said it will give paying users extra features, speed and resources, as well as first access to the app's latest offerings. 

Durov explained that a lot of people have been asking the service to raise the limits on its chats, media and file uploads. However, doing so for everyone would lead to massive traffic and server costs beyond what it could afford. Telegram apparently came to the conclusion that the only way it could give its "most demanding fans" more while keeping its existing features free is to offer those raised limits as a paid option. 

The service's founder has also assured users in his announcement that Telegram will still be releasing new free features despite having a paid tier. Further, even free users will be able to enjoy some of the Premium option's new futures, including being able to view larger-than-usual documents, media and stickers sent by paying members. A previous report by tech publication Beebom says Premium subscribers will have the capability to upload files up to 4GB in size and will enjoy up to twice a non-paying users' limits when it comes to the number of channels they can join, among other things. Beebom also says a Premium subscription will cost $ 5 a month, though we won't know for sure until the option launches.

Durov ended his announcement with:

"While our experiments with privacy-focused ads in public one-to-many channels have been more successful than we expected, I believe that Telegram should be funded primarily by its users, not advertisers. This way our users will always remain our main priority."

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics

Nothing founder teases company’s first Android smartphone

Carl Pei, founder of Nothing, has teased that the London-based consumer technology startup is working on its very first Android smartphone.
Android | Digital Trends

BitConnect founder indicted by Justice Department has disappeared

SEC officials do not know the whereabouts of Satish Kumbhani, the founder of crypto trading platform BitConnect, who was charged last week with defrauding investors of $ 2.4 billion in a Ponzi scheme. This puts the SEC in quite a bind, since they have to serve the 36-year old entrepreneur with his court papers. In a court filing from Monday, the SEC stated that they did not have an address for Kumbhani, an Indian citizen, and suspected that he likely fled to another country. 

The DOJ is charging Kumbhani with a number of offenses, including conspiracy to commit wire fraud, conspiracy to commit commodity price manipulation and conspiracy to commit international money laundering.

“Kumbhani’s location remains unknown, and the Commission remains unable to state when its efforts to locate him will be successful, if at all," wrote the SEC in its filing.

In order to buy some time, the SEC is asking the US District Court for the Southern District of New York for an extension of 90 days. Since BitConnect is an unincorporated entity and not a formal corporation, all court papers have to be served to Kumbhani himself.

First founded in 2016, BitConnect attracted a lot of attention on social media for its “Lending Program” which allowed users to lend their Bitcoin in exchange for a propriety Bitconnect cryptocoin. The program claimed it could guarantee returns by using investors’ money to trade on the volatility of the cryptocurrency markets." 

“Under this program, Kumbhani and his co-conspirators touted BitConnect’s purported proprietary technology, known as the 'BitConnect Trading Bot' and 'Volatility Software', as being able to generate substantial profits and guaranteed returns by using investors’ money to trade on the volatility of cryptocurrency exchange markets. As alleged in the indictment, however, BitConnect operated as a Ponzi scheme by paying earlier BitConnect investors with money from later investors,” wrote the DOJ’s Office of Public Affairs in a press release.

After years of crypto existing in a legally murky universe, U.S. government officials are cracking down on cryptocurrency fraud and scams at an increasing rate. Last year, the DOJ launched a national cryptocurrency enforcement team to handle complex cryptocurrency investigations, and recently appointed veteran cybersecurity prosecutor Eun Young Choi as its director.

BitConnect is just one of many cryptocurrency schemes that law enforcement has pinned down in recent months. The founders of BitMex, a crypto derivatives exchange, plead guilty to skirting anti-laundering laws in the US and were ordered to pay $ 20 million in fines. Earlier this month, the DOJ arrested Ilya Lichtenstein and Heather Morgan, two entrepreneurs who allegedly attempted to launder more than 25,000 Bitcoins stolen from the 2016 Bitfinex hack.

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics

Nikola founder resigns following SEC probe into electric truck business

Following a fraud accusation by a short firm and potential probe by the US Securities Exchange Commission (SEC), Nikola founder Trevor Milton is stepping down as executive chairman. “Nikola is truly in my blood and always will be, and the focus shoul…
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Fyre Festival founder arrested, charged with wire fraud

There has been one arrest following April's disastrous Fyre Festival event, as the Southern District of New York US Attorney's office announced the arrest of Fyre Media founder William McFarland. He's charged with wire fraud over allegedly lying to i…
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Atari founder Nolan Bushnell is making mobile games

Atari founder Nolan Bushnell has teamed up with a small Amsterdam studio to develop and publish new mobile games. Bushnell created the iconic Atari brand in 1972, and oversaw the release of classic systems such as the Atari 2600. He was ousted from t…
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Fossil Q Founder review

The day has arrived when a smartwatch no longer has to look like a second-class citizen next to a regular watch. The Fossil Q Founder may lack on the tech side, but it makes up for it in style and class. Here’s our review.

The post Fossil Q Founder review appeared first on Digital Trends.

Wearables–Digital Trends

Fossil’s big, bold Q Founder smartwatch is yours today for $295

Fossil has put the Q Founder, its first Android Wear smartwatch, on sale. The watch costs $ 295 in the U.S., and has a traditional style to it, along with comprehensive fitness tracking and other fun features.

The post Fossil's big, bold Q Founder smartwatch is yours today for $ 295 appeared first on Digital Trends.

Wearables»Digital Trends