Hims & Hers’ 458% Rally Tested as FDA Undercuts Obesity Sales Hims & Hers, the telehealth company that has seen a staggering 458% rally in its stock price, is facing a significant challenge as FDA regulations undercut its weight-loss drug business. This unexpected turn of events has put the company in a tough spot, testing […]
SEC drops investigation into OpenSea
SEC Drops Investigation into OpenSea: A Sign of a Shifting Regulatory Landscape In a recent development that has caught the attention of the cryptocurrency community, the U.S. Securities and Exchange Commission (SEC) has decided to drop its investigation into OpenSea, one of the largest NFT (non-fungible token) marketplaces in the world. This decision comes as […]
Public invited to comment on FTC’s Big Tech probe
Public Invited to Comment on FTC’s Big Tech Probe The Federal Trade Commission (FTC) has been making waves in the tech industry recently by questioning Big Tech companies over potential censorship and legal violations. This move has sparked a significant amount of public interest, leading the FTC to invite comments from the public on this […]
Nigeria demands $81.5 billion from Binance over taxes and currency impact
Nigeria’s Lawsuit Against Binance: Unpacking the $81.5 Billion Demand Nigeria, a country at the forefront of cryptocurrency adoption in Africa, has recently made headlines by filing a lawsuit against the global cryptocurrency exchange, Binance. The lawsuit, brought by Nigeria’s Federal Inland Revenue Service (FIRS), demands a staggering $79.5 billion in damages for alleged economic losses, […]
Kraken prepares for return to the Indian market
Kraken’s Strategic Moves to Re-Enter the Lucrative Indian Market Kraken, a prominent player in the cryptocurrency exchange industry, is gearing up for a significant comeback in the Indian market. This move comes after India’s Financial Intelligence Unit blacklisted Kraken and eight other exchanges due to non-compliance with Anti-Money Laundering (AML) laws. Despite this setback, Kraken […]
Australian kids overlook social media age checks
Australian Kids Overlook Social Media Age Checks A recent report has shed light on a concerning trend in Australia – children are overlooking social media age checks, creating challenges in enforcing age restrictions on these platforms. This issue has come to the forefront at a time when the country is gearing up for upcoming bans […]
Hong Kong explores new virtual asset regulations
Hong Kong’s Strategic Push to Become a Leading Digital Finance Hub Hong Kong is making significant strides in solidifying its position as a premier digital finance hub by exploring new regulations for virtual assets. As the global financial landscape continues to evolve rapidly, the region recognizes the importance of adapting to emerging trends and technologies […]
EU delays AI liability directive due to stalled negotiations
EU Delays AI Liability Directive Due to Stalled Negotiations The European Union’s ambitious plan to establish a liability framework for artificial intelligence (AI) technologies has hit a roadblock. The proposal, which aims to define who is responsible when AI systems malfunction or cause harm, is facing uncertainty amid political debate, leading to delayed negotiations within […]
Multi-million crypto Ponzi scheme exposed by Norwegian investigators
The Rise of Crypto Ponzi Schemes: A Warning for Professional Services In a recent revelation, Norwegian investigators have uncovered a multi-million crypto Ponzi scheme that has sent shockwaves through the financial world. The case not only sheds light on the increasingly sophisticated nature of financial frauds but also underscores the challenges faced by professional services […]
US court urged to reconsider net neutrality ruling after push from public interest groups
US Court Urged to Reconsider Net Neutrality Ruling After Push from Public Interest Groups Public interest groups are making a significant push for a legal review concerning the Federal Communications Commission’s (FCC) authority to enforce net neutrality regulations. The debate over net neutrality has been ongoing for years, with various stakeholders advocating for different approaches […]