Author: Lucas Peterson
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Bittrex: SEC Has No Authority Over Crypto!
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Cryptocurrency exchange Bittrex has filed a motion to dismiss in its legal battle with the U.S. Securities and Exchange Commission (SEC). In a recent court filing, Bittrex argues that the SEC only has the authority to regulate cryptocurrencies as securities if Congress explicitly gives the agency that authority.
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Zurich Fintech Sets The Course For Rapid Growth!
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The young Swiss fintech Teylor recently raised a three-digit million amount from international investors. The company Teylor is expanding its management team: Andre Cordesmeyer will become Chief Commercial Officer (CCO), and Huy Nguyen Chief Financial Officer (CFO). This is to create the personnel structures for further growth, according to a…
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CryptoBlox Closes Acquisition Of Crypto Mining Company Red Water!
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A few days ago, CryptoBlox Technologies Inc. announced, further to its news release dated June 19, 2023, that it has completed its acquisition of Red Water Acquisition Corp., a company specializing in crypto mining technology.
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Lawsuit: OpenAI Collected Medical Information And Data From Children!
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Millions of data were allegedly collected and used for training ChatGPT. CEO Sam Altman has to answer for it in court. OpenAI allegedly stole “large amounts of personal data” to train ChatGPT. Specifically, collecting medical data and information from children weighs heavily in court.
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New Debit Cards: Weko Takes A Look At The Beautiful Fintech World!
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Swiss banks are wooing customers with fee-free and digitally-enabled debit cards. But it’s the merchants who are footing the bill. The Competition Commission is now opening a formal investigation against each card giant, Visa and Mastercard.
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What Germany’s Hunt For Crypto Tax Evaders Means For Austria!
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As has already become known, the tax authorities in the German state of North Rhine-Westphalia want to uncover possible tax evasion cases in the crypto sector. To this end, it has requested information on investors who traded on the crypto exchange Bitcoin.de between 2015 and 2017.
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Binance With Regulatory Headache in Germany and Austria!
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This week, Binance, the world’s largest crypto asset trading exchange, withdrew its license application to the FMA. Moreover, the German BaFin is allegedly reluctant to authorize Binance as a crypto custodian. Recently, the company withdrew from the Netherlands and Cyprus due do regulatory issues. In the U.S. Binance is faced…
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Wirecard Insolvency Administrator Considers Forgeries Proven!
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Michael Jaffé has tried to trace the disappearance of €1.9 billion at Wirecard. He found no evidence of corresponding transactions. In a status report, he comes to a clear conclusion. According to new findings by insolvency administrator Michael Jaffé, Wirecard’s business with alleged partners in Asia was wholly fabricated.
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Former CFTC Chairman Says U.S. Crypto Turmoil Could Be A Boon For Asia!
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Former CFTC Chairman Chris Giancarlo shared his observations on U.S. policy and its potential impact on the Asia-Pacific region in a tweet from Tokyo. He highlighted the Japan Times headline, “Crypto tumult in the U.S. might be a boon for Japan,” referring to the ongoing court cases between the SEC…
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German Court Issued Arrest Warrant Against Ex-Steinhoff Boss!
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You may know Steinhof through Fraser Perring, because his group Viceroy Research was decisive for the company’s downfall! A German court has issued an arrest warrant against Markus Jooste, the former CEO of the Steinhoff furniture group, formerly the parent company of the now-insolvent Kika and Leiner furniture chains in…