Apple’s former securities lawyer pleads guilty for doing the insider trading he was supposed to prevent

Illustration by Alex Castro / The Verge

A former Apple lawyer who was in charge of preventing insider trading has pleaded guilty to six counts of securities fraud for insider trading, according to a Department of Justice (DOJ) press release. Gene Levoff, once the company’s former corporate secretary and director of corporate law, “misappropriated material, nonpublic information about Apple’s financial results and then executed trades involving the company’s stock” from February 2011 to April 2016, the release says. Charges against him were initially filed by the SEC as a civil complaint in 2019.

Levoff also served on Apple’s Disclosure Committee, a group that looked over company earnings reports and SEC filings before they were published. Using information he was privy to, he…

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Author: Jay Peters

The FCC authorizes SpaceX’s Starlink system to be used on vehicles in motion

Photo by Thomas Ricker / The Verge

Today, the Federal Communications Commission (FCC) granted SpaceX authorization to use its Starlink satellite internet system on vehicles in motion — including cars, trucks, boats, and aircraft. It’s a big win for SpaceX’s Starlink system, potentially opening up the service to a more diverse range of use cases and customers.

SpaceX requested regulatory approval from the FCC in March of last year to allow Earth Stations in Motion (ESIM) Starlink terminals to be used in moving vehicles. To tap into the system and receive broadband internet coverage, customers must purchase a personal ground-based antenna, or user terminal, that is designed to connect with any orbiting Starlink satellites that happen to be overhead. Up until now, those…

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Author: Loren Grush

You can buy Sega’s Mega Drive Mini 2 flight stick and get it shipped to the US

The Cyber Stick | Image: Famitsu

Sega may have only announced the Mega Drive Mini 2 for release in Japan so far, but there’s a pretty cool accessory for it that appears to work with PCs and can be shipped stateside. As of this writing, Amazon has the Mega Drive Mini 2 Cyber Stick controller up for preorder on its Japanese storefront, and as video game deals expert Wario64 points out (ad), the controller also ships to the US.

You’ll be able to use the Cyber Stick controller with games like After Burner II (a jet fighter game), Night Striker (where you fly an armored car to shoot…

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Author: Jay Peters

GM’s reportedly only making about 12 Hummer EVs a day

It started delivering the vehicles in December. | Image: General Motors

Months after General Motors started delivering its first Hummer EVs, the company is reportedly only producing around 12 of the massive electric trucks a day, according to The Wall Street Journal. That’s an abysmally slow pace, even compared to how many electric trucks other automakers are making: the Journal says Ford’s producing around 150 F-150 Lightings a day, whereas Rivian’s Q1 production numbers indicate it’s making somewhere between 30 and 40 EVs a day (Rivian didn’t immediately respond to The Verge’s request for more specific numbers).

Recently, GM announced that it was raising the Hummer EV’s price by $6,250, citing “higher prices for parts, technology and logistics,” according to CNBC.

Around 77,500 people have signed up for…

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Author: Mitchell Clark

New York denies air permit to Bitcoin mining power plant

The logo of the cryptocurrency Bitcoin is seen on a symbolic “Bitcoin coin”
The logo of the cryptocurrency Bitcoin is seen on a symbolic “Bitcoin coin” | Photo by Silas Stein / Picture Alliance via Getty Images

Bitcoin miners in New York state faced a regulatory blow today as the state denied air permits for a gas-fired power plant used to mine Bitcoin. It’s the latest step that New York has taken to crack down on crypto mining as it tries to meet its goals on climate change.

The decision was made for the Greenidge Generating Station in New York’s Finger Lakes region. Bitcoin mining brought new life and renewed controversy to the embattled plant in 2020. That drew outrage from some local residents worried about how the plant could affect fish and tourism by discharging hot water into nearby Seneca Lake. At the state level, Greenidge’s revival has sparked fears that pollution from the energy-intensive process of mining Bitcoin could revive other…

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Author: Justine Calma