China’s corruption watchdog said it was investigating the head of the country’s largest state-backed chip investment fund, just over two weeks after it announced a similar probe into a former executive linked to the fund. Ding Wenwu, the head of China Integrated Circuit Industry Investment Fund, also known as the “Big Fund”, is “suspected of […]
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The Financial Industry Regulatory Authority plans to increase its resources to understand and monitor cryptocurrencies as more of the Wall Street watchdog’s members trade digital assets, Chief Executive Officer Robert Cook said on Tuesday. “We are already having to be engaged in the space and we think that as a result it’s appropriate for us […]
The Chinese Communist Party’s anti-corruption watchdog was among the agencies involved in a recent inquiry into links between billionaire Jack Ma’s Ant Group and state-owned Chinese companies, Bloomberg News reported on Wednesday. The Central Commission for Discipline Inspection (CCDI) was seeking to understand the influence of Ma’s fintech empire and the extent of its transactions […]
Australia’s competition watchdog filed a lawsuit against Facebook owner Meta Platforms on Friday, alleging the social media giant failed to prevent scammers using its platform to promote fake ads featuring well-known people. The advertisements, which endorsed investment in cryptocurrency or money-making schemes, could have misled Facebook users into believing they were promoted by famous Australians, […]
China’s cyberspace watchdog said a symposium it held with Chinese tech giants last month had given the industry a “clearer understanding” and more confidence in how to pursue development and opportunities as they adjust to a new regulatory landscape. The Cyberspace Administration of China said its official publication had carried out interviews with companies such […]
India’s competitions watchdog, the Competition Commission of India (CCI), is launching an investigation into Apple’s business practices for the alleged abuse of its dominant market position in the Indian app market, violating antitrust laws. This move comes after a non-profit group, “Together We Fight Society,” accused the tech giant of forcing app developers to abide […]
British antitrust regulators are opening an investigation into Microsoft’s $16 billion acquisition of speech recognition company Nuance in the latest sign they’re tightening scrutiny of big technology deals. The Competition and Markets Authority said in a brief statement Monday that it’s looking into the purchase because of concerns that it could result in a “substantial […]
Dogecoin shares soared to over 18 percent on Tuesday following Tesla Inc. chief, Elon Musk’s announcement of the company’s altered tactic of accepting cryptocurrency payments for merchandise. The announcement revealed on Twitter sent Dogecoin shares to heighten in valuation when most cryptocurrencies seem to be dropping in value. “Tesla will make some merch buyable with […]
Italy’s antitrust watchdog has fined Apple and Amazon a total of more than 200 million euros ($225 million) for cooperating to restrict competition in the sale of Apple and Beats branded products in violation of European Union rules. An investigation found that provisions in a 2018 agreement between the U.S. tech giants limited access to […]
Cryptocurrency has officially gone to the dogs. The recent trading frenzy over a digital token called Shiba Inu — commonly billed as a “meme” or joke coin — has vaulted the canine-themed cryptocurrency into the top ten most valuable digital assets by market value, hitting $40 billion and surpassing its cousin and apparent inspiration, Dogecoin. […]