News list for " internet"
The cybercrime investigation unit of the local police department in Busan, South Korea, has filed a non-detention indictment against a gang accused of laundering about 1.10 trillion won (about $756.80 million) through a fake cryptocurrency trading platform used by illegal gambling websites, the Korea Daily reported. The gang allegedly made about 10 billion won (about $6.88 million). From January 2022 to September 2023, they operated five offices in South Korea, developed fake trading websites an...
Thailand's cybercrime authority plans to propose banning decentralized prediction marketplace Polymarket because it could be considered an online gambling site, which is considered illegal in the country. Thailand's Cybercrime Investigation Bureau said the suspension of Polymarket is essential to prevent the public from becoming victims of online gambling and to stop the use of cryptocurrencies for illegal activities, which "can have serious economic and social impacts". Cyberpolice said the web...
US "Internet celebrity broker" Robinhood will pay $45 million to end a series of securities claims.
The Securities Supervision Commission issued a notice on publicly soliciting opinions on the "Regulations on the Administration of Internet Marketing of Futures Companies (exposure draft) ".
Securities Supervision Commission: exposure draft a total of 20, focusing on the futures company Internet marketing activities problems and risk hazards to regulate, from the system construction, personnel management, marketing content, account use, code of conduct and other aspects of specific provisions, and clear marketing activities shall not fraud, misleading customers, shall not damage fair competition.
Capital Economics said that the price-to-earnings ratio of US stocks is still well below its peak compared with the period of the dotcom bubble.
John Reed Stark, the former head of the U.S. SEC's Office of Internet Enforcement, has accused Gary Gensler of promoting five senior officers in the SEC's enforcement division to ensure influence after he leaves office, four of whom have extensive experience in crypto enforcement. He called the moves unprecedented, noting that such promotions typically last a decade, not a month. Stark explained that these are career civil service positions, which means the new administration cannot easily elimi...
Class A shares of the three major stock indexes turned red across the board, Internet e-commerce, AI glasses and other sectors rose first.
The team behind Meme Coin HAWK, linked to Internet celebrity Haliey Welch or "Hawk Tuah Girl", has been sued by investors for alleged violations of securities laws, according to a court filing. HAWK acted like an unregistered security, attracting first-time cryptocurrency investors who subsequently suffered "substantial losses" after the token fell, the lawsuit claims. The 12 plaintiffs who invested in HAWK, who suffered a total of $151,000 in financial losses, filed a lawsuit and asked for a ju...
Digital financial technology firm Circle Internet Group, Inc. has announced the establishment of an entity in the Abu Dhabi International Financial Centre, a major milestone in its strategic expansion into the Middle East and Africa. Circle has also entered into a partnership with LuLu Financial Holdings (LuLuFin) and its affiliates to facilitate the use of Circle's full reserve digital dollar USDC for remittances and cross-border transfers.
The iShares China Large-Cap ETF rose 8 percent and the Kraneshares CSI China Internet ETF rose 10.3 percent.
Stablecoin issuer Circle Internet Financial Ltd. said it made layoffs as part of a regular operational review. The layoffs represent less than 6 percent of Circle's workforce, a Circle spokesperson said. The company will continue to invest in artificial intelligence-driven geographic growth, efficiency and productivity. Circle regularly reviews our investments and expenses. This includes investing in teams and operational infrastructure that need to be developed, while slightly reducing expenses...
On December 3rd, the Internet Society of China issued a statement saying that recently, the United States has further increased restrictions on semiconductor exports to China under the pretext of national security. The United States has frequently adjusted control rules, continued to escalate trade barriers, and ignored international trade rules, which has caused substantial damage to the healthy and stable development of our country's Internet industry. I will express my firm opposition. The Un...
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