Tag: NRLPA:OCAP
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Cryptoverse: Tether tightens grip on the wobbling world of stablecoins
21 February (Reuters) – The world of stablecoins is suddenly looking shaky. Seismic shifts may be taking place in the $137 billion market after New York-based Paxos Trust Company, which coins Binance’s stablecoin, said it would stop issuing new BUSD tokens after US regulators declassified the asset as a non-profit. registered effect. The US move […]
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$3.7 billion UK mass action against Facebook for market dominance rejected – for now
LONDON, Feb. 20 (Reuters) – Facebook on Monday temporarily dropped a £3 billion ($3.7 billion) class action lawsuit over allegations the social media giant abused its dominant position to monetize users’ personal data . However, a London court gave the proposed plaintiffs’ lawyers up to six months to “have another try” to establish any alleged […]
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Binance’s American partner confirms that CEO Zhao’s company is active on the stock exchange
LONDON, Feb. 17 (Reuters) – US affiliate of global cryptocurrency exchange Binance has confirmed that a trading firm led by Binance CEO Changpeng Zhao was operating as a market maker on its platform. Reuters reported on Thursday, citing bank records and corporate communications, that Binance secretly accessed a bank account belonging to its supposedly independent […]
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Founder of WallStreetBets, who ignited meme stock frenzy, is suing Reddit
Feb 15 (Reuters) – The founder of WallStreetBets, believed to have helped fuel the frenzy of investors in ‘meme’ stocks, on Wednesday sued Reddit Inc, accusing it of wrongfully barring him from sharing the community moderate and undermine its trademark rights. Jaime Rogozinski said his impeachment, purportedly for violating Reddit policies by “trying to monetize […]