Tether (USDT) had a market capitalization of more than $12 billion as of Aug. 14, according to cryptocurrency market analysis firm Coinmetrics. Meanwhile, some argue that the rapid rise in the valuation of the dominant stablecoin has positive benefits for Bitcoin (BTC) in the long run. But some investorsRead More →
The United States’s Securities and Exchange Commission, or SEC, has filed a proposal for final court judgement in regard of the terminated Telegram Open Network project. In a proposed final judgment filed on June 25, the SEC has asked the New York Southern District Court to order million dollar penaltiesRead More →
Social content platform Reddit is continuing to push forward with its Ethereum-powered ‘Community Points’ reward system, announcing that it is seeking developers to help it scale the tokens up for use by all of its 430 million monthly users. On June 19, Reddit revealed it was partnering with the EthereumRead More →
© Reuters. A HNA Group logo is seen on the building of HNA Plaza in Beijing By Gabriel Crossley and Zoey Zhang BEIJING (Reuters) – HNA Group has asked the government of China’s province of Hainan to lead a work group dedicated to resolving its increasing liquidity risks after aRead More →
© Reuters. By Alex Ho Investing.com – Hong Kong-listed telecommunications gearmaker ZTE Corp-H (HK:) on Monday asked the U.S. Federal Communications (FCC) to keep it off a blacklist that has barred the company from selling equipment to U.S. firms. ZTE and Huawei were designated as national security risks in NovemberRead More →
© Reuters. Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin (Reuters) – Fiat Chrysler Automobiles NV (MI:) on Friday urged a federal judge to throw out a General Motors Co’s (N:) lawsuit accusing Fiat Chrysler of racketeering and bribing officials of the United Auto Workers union to put GMRead More →
ZURICH (Reuters) – Siemens (DE:) Chief Executive Joe Kaeser said he was seeing a more positive mood among the German engineering company’s clients at the start of the year, he told CNBC on Thursday. “They are getting more optimistic for the second half of the year than they have forRead More →
LONDON (Reuters) – The United States has formally requested the extradition of Michael Lynch, the British tech billionaire who sold his company to Hewlett Packard (N:) (HP) in an ill-fated $11.1 billion deal, to face charges including securities fraud, wire fraud and conspiracy. The U.S. embassy in London submitted theRead More →
© Reuters. FILE PHOTO: A man poses with a smartphone in front of displayed Whatsapp logo in this illustration By Sankalp Phartiyal and Sudarshan Varadhan NEW DELHI (Reuters) – India has asked Facebook-owned (O:) WhatsApp to explain the nature of a privacy breach on its messaging platform that has affectedRead More →
WASHINGTON — Joe Biden’s presidential campaign is asking top network execs to please stop booking President Donald Trump’s personal lawyer Rudy Giuliani. Biden campaign officials Anita Dunn and Kate Bedingfield wrote a letter to network news presidents, chief anchors and the executive producers of the Sunday shows for ABC, CBS,Read More →
(Bloomberg) — Treasury Secretary Steven Mnuchin has told large U.S. banks including Goldman Sachs Group Inc (NYSE:). and American Express Co (NYSE:). they should do more to help black- and women-owned community banks win federal contracts. Mnuchin in a letter this week asked some of the country’s biggest banks toRead More →
(Reuters) – U.S. Senator Elizabeth Warren urged former U.S. Food and Drug Administration Commissioner Scott Gottlieb to immediately step down from Pfizer Inc’s (N:) board, three months after his departure from the health regulator. In a letter to Gottlieb, Warren, who is seeking the Democratic nomination for the 2020 presidentialRead More →
© Reuters. FILE PHOTOA state oil company PDVSA’s logo is seen at a gas station in Caracas CARACAS (Reuters) – The ad-hoc board of Venezuelan state-run oil company PDVSA, appointed by opposition leader Juan Guaido, said on Saturday it had asked Jamaica’s government not to seize the company’s shares inRead More →
© Reuters. FILE PHOTO: Chicken are pictured at a poultry factory in Lapa city SAO PAULO (Reuters) – The Brazilian government has formally asked the World Trade Organization (WTO) to open a panel to investigate Indonesian policies on Brazil’s poultry exports, the Agriculture Ministry said on Friday. Brazil won aRead More →
© Reuters. Handout photo of American Airlines Boeing 737 MAX jets sit parked at a facility in Tulsa, Oklahoma (Reuters) – American Airlines Group Inc on Friday asked a federal court to quickly halt an alleged illegal slowdown by mechanics’ unions that has become “devastating” to the airline’s operations. TheRead More →
© Reuters. Huawei’s Chief Legal Officer Song Liuping attends a news conference on Huawei’s ongoing legal action against the U.S. government’s National Defense Authorization Act (NDAA) action at its headquarters in Shenzhen By Sijia Jiang HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd has filed a motion for summaryRead More →
© Reuters. FILE PHOTO: Senate Minority Leader Chuck Schumer speaks with reporters following the weekly policy luncheons on Capitol Hill By Nandita Bose WASHINGTON (Reuters) – U.S. Senate Democratic leader Chuck Schumer is asking the federal government to investigate if a plan for new subway cars in New York City,Read More →
© Reuters. FILE PHOTO: The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo By Marta Nogueira RIO DE JANEIRO (Reuters) – Brazilian miner Vale SA, the world’s biggest iron ore producer, has taken legal action to force aRead More →
The U.S. Department of Justice asked a federal court last week to put a hold on the Securities and Exchange Commission’s case against former Theranos Chief Operating Officer Sunny Balwani, arguing that a stay in the case would prioritize their criminal case against him. The Justice Department told the judgeRead More →
DETROIT (AP) — A U.S. auto safety group wants the government to investigate automatic emergency braking on some Nissan Rogue SUVs, alleging that the safety feature makes the vehicles brake even when there’s no emergency. The nonprofit Center for Auto Safety filed a petition with the National Highway Traffic SafetyRead More →
Tesla Inc. shares tumbled in after-hours trading Monday after the Securities and Exchange Commission asked a federal judge to hold Chief Executive Elon Musk in contempt over a recent tweet. On Feb. 19, Musk tweeted: “Tesla made 0 cars in 2011, but will make around 500k in 2019,” clarifying aRead More →
