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Category: Financial Technology
US regulator take legal action against top crypto exchange Binance, CEO for ‘willful evasion’
The world's biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. Commodity Futures Trading Commission (CFTC) on Monday for operating what the regulator…
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U.S. regulators issued a fresh warning to banks to be on guard for crypto-related liquidity risks
Top U.S. banking regulators issued a fresh warning to banks to be on guard for any liquidity risks from cryptocurrency-related clients, cautioning some of their deposits could prove volatile. In…
Read MoreIMF laid out a nine-point crypto action plan, recommends against legal tender status
The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as…
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Uber Freight Laying Off 150, About 3% of Workforce
Uber Freight said Tuesday it will lay off roughly 150 employees, or about 3% of its workforce, as economic uncertainty hammers demand for shipping services. The division of rideshare company…
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U.S. Justice Department Prepared to Sue Google Over Digital ad Market Dominance
The U.S. Justice Department is prepared to sue Alphabet Inc's Google as soon as Tuesday regarding its dominance over the digital advertising market, Bloomberg News reported on Monday, citing people…
Read MoreGenesis Crypto Lender Optimistic it Can Resolve Creditor Disputes After Bankrupt
A lawyer for the bankrupt Genesis Global Capital said on Monday that the cryptocurrency lender had some confidence it could resolve its disputes with creditors this week, with a goal…
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G20 Disclosed Plans to Build Policy Consensus on Crypto Assets
The Group of 20 (G20) countries are striving to build a policy consensus on crypto assets to inform better global regulation, India's federal economic affairs secretary Ajay Seth said on…
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Nvidia Confirms it is Working with Microsoft to Build Super Cloud Artificial Intelligent Computer
U.S. chip designer and computing firm Nvidia Corp on Wednesday said it is teaming up with Microsoft Corp to build a “massive” computer to handle intense artificial intelligence computing work in the…
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Alibaba Quarterly Revenue did not Meet Expectations as Spending Slows
Chinese e-commerce giant Alibaba Group Holding Ltd posted a low single-digit rise in quarterly revenue on Thursday, slightly below expectations, as COVID-19 curbs and a worsening economic outlook stifled consumer spending.…
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Europe is Currently too Reliant on China for Technologies, Says Finland Prime Minister
Europe is currently too reliant on China for technologies and should be wary of this dependency, Finland's Prime Minister Sanna Marin said on Thursday. "Let's be honest, we have vulnerabilities…
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