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The CFTC has fined the blockchain protocol bZeroX team $250K and filed an action against its successor Ooki Dao for offering illegal off-exchange crypto trading (Nelson Wang/CoinDesk)

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More than 100 million Indian users with 5G phones waiting for network rollout: Ericsson

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Swedish telecom company Ericsson has released a Promise of 5G report, which finds that consumer readiness for 5G is high in the country. According to the report, the intention to upgrade to 5G among urban Indian smartphone users is twice as high as in markets like the United States and the United Kingdom, where 5G networks have already been rolled out.

According to the study, the number of smartphone users owning a 5G cell phone in India has tripled in the past two years. Ericsson also claims that more than 100 million users with 5G-enabled smartphones will want to upgrade to a 5G subscription in 2023, and that more than half of them are open to upgrading to a higher data plan in the next 12 months.

Among those planning to upgrade to 5G, 36 percent plan to switch to the service provider with the best 5G network once it becomes available. These users are willing to pay 45 percent more for a premium plan.

Seven out of ten current smartphone users are happy to see better video streaming quality when they upgrade to 5G. 60 percent of users with 5G-enabled smartphones already use more than three different digital services, more than those of 4G smartphones.

According to the study, the rollout of the 5G network will lead to an increase in the consumption of cloud gaming and high-definition video streaming.

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Sources: Apple VP of Procurement Tony Blevins is leaving after joking in a viral TikTok video on September 5 that he fondles "big-breasted women" for a living (Mark Gurman/Bloomberg)

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Mark Gurman / Bloomberg:

Sources: Apple’s VP of Procurement Tony Blevins is leaving the company after he joked in a viral TikTok video on Sept. 5 that he fondles “big-breasted women” to make a living– One of Apple Inc.’s top executives is leaving the company after appearing in a viral video on TikTok making a lewd joke…

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Google to Shut Down Stadia Video Game Streaming Service

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Google said it would shut down video game streaming service Stadia, its answer to Microsoft’s XBox and Sony’s PlayStation video game consoles, another sign of Google’s bid to slim down amid fears of an economic slowdown.

Stadia, which has streamed games over the internet rather than requiring expensive consoles, will shut down Jan. 18, Phil Harrison, Stadia’s vice president and general manager, wrote on Thursday in a blog entry. The product debuted almost three years ago and promised to revolutionize the way people play video games. But it didn’t catch on with enough players.

“It hasn’t garnered the traction we expected from users, so we’ve made the difficult decision to retire our Stadia streaming service,” Mr. Harrison wrote.

Google will refund all gaming hardware purchases made through the Google Store, as well as game purchases made on the Stadia Store, Mr. Harrison wrote. He said the company expects to complete most refunds by mid-January.

The company had already begun selling Stadia’s underlying streaming technology to other companies, and said it expects many Stadia team members to “drive this work forward in other parts of the company.” February 2021 Google shut down Stadia’s in-house games studio, set up to develop new titles, prompting fears the entire service might one day disappear.

Stadia is just the newest product killed by google. The company will shut down Hangouts, its messaging app, in November. And YouTube, a subsidiary of Google, announced in January that it would stop producing original content.

Amid rising inflation and concerns about economic instability, Google’s chief executive Sundar Pichai has embarked on what he called a “simplicity sprint,” an attempt to improve business efficiencies and cut unnecessary spending. The company recently cut funding and jobs at his in-house tech incubator called Area 120 and has cancelled unnecessary business trips.

This is a groundbreaking story. Check for updates again.

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