Cryptocurrency trade association Chamber of Digital Commerce is urging a federal court to dismiss a case brought by the U.S. securities regulator against ex-Coinbase employees accused of insider trading, arguing that the case unfairly labeled several crypto assets as securities. The group said in an amicus brief filed Wednesday in a district court in Washington […]
U.S.
For markets increasingly wary of the inflation and interest rate implications of re-accelerating world growth, the positive of a new burst of economic confidence in the tech sector adds some cheer at least. The new year craze in artificial intelligence and chatbots seems to have electrified chip designer Nvidia, whose stock surged more than 8% […]
U.S. President Joe Biden’s administration will unveil on Thursday a long-awaited overhaul of arms export policy with increased emphasis on human rights, three State Department officials familiar with the new Conventional Arms Transfer (CAT) policy told Reuters. The CAT policy covers review of security assistance, government-to-government weapons transfers and licensed commercial sales of U.S.-origin military […]
The House Foreign Affairs Committee will hold a hearing next Tuesday with top officials on China policy to identify gaps in pursuing what it called a “more holistic approach” to countering aggression by the Chinese Communist Party. The hearing, announced by the panel’s chair, Representative Michael McCaul, a Republican, is called, “Combating the Generational Challenge […]
President Xi Jinping said China must resolve issues in key technological fields from the bottom up, state media reported, as the country deals with a growing number of mainly U.S. export controls on advanced technology. Xi said on Tuesday during a study session of the 24-person Politburo, one of the top decision-making bodies of the […]
The Biden Administration will not overrule a U.S. International Trade Commission decision that could block imports of Apple Inc’s Apple Watches for infringing AliveCor Inc patents related to heart monitoring, the office of the U.S. Trade Representative said Tuesday. An AliveCor spokesperson also said it had been informed there would be no veto of the […]
The U.S. Supreme Court on Tuesday will consider a bid to weaken a legal shield that protects internet companies from a wide array of lawsuits in a major case involving an American student fatally shot in a 2015 rampage by Islamist militants in Paris. The justices are due to hear arguments in an appeal by […]
Taiwan is bolstering its military ties with the United States and will cooperate even more closely with it and other friendly nations to deal with “authoritarian expansionism”, President Tsai Ing-wen told visiting U.S. lawmakers on Tuesday. The United States, like most countries, has no formal diplomatic ties with Chinese-claimed Taiwan but is the island’s most […]
New rules laying out how Chinese companies can list outside mainland China will often mean getting a nod from several domestic government agencies, potentially making for a lengthy approval process, investment bankers say. On one hand, the rules provide clarity after a regulatory crackdown by Beijing since mid-2021 that has slowed U.S. listings by Chinese […]
Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show. Over the first three months of 2021, more than $400 million flowed […]