Today the US Commodity Futures Trading Commission announced that it has filed a federal civil enforcement action against three virtual currency operators. The details of one case remain sealed, but the other two companies facing charges are CabbageTech and Entrepreneurs Headquarters Ltd. The charges include fraud, misrepresentation, misappropriation and more, and are the first enforcement […]
Tag: regulators
Georgia regulators say dramatically over-budget nuclear plant can move forward
Enlarge / Atomic plant Vogtle, located in Burke County, near Waynesboro, Georgia in USA. (Photo by Pallava Bagla/Corbis via Getty Images) (credit: Getty Images) The Georgia Public Service Commission (PSC) wants to keep two under-construction reactors at the Vogtle nuclear plant alive. According to a proposal offered by Commissioner Tim Echols and unanimously supported by […]
ICO funding soars above $4 billion as US regulators crack down
Christian Petersen/Getty The initial coin offering market has surged over $ 4 billion, according to new data from Autonomous NEXT. Regulators are increasing their oversight over the red-hot space as the market continues to attract traditional Wall Street firms. The red-hot market for cryptocurrency fundraising continues to reach new heights even as US regulators […]
Bitcoin is gaining ground after futures trading gets approval from US regulators
Markets Insider This price of bitcoin is rising after the US Commodity Futures Trading Commission approved bitcoin futures trading on three US exchanges. “Bitcoin, a virtual currency, is a commodity unlike any the commission has dealt with in the past,” said CFTC chairman J. Christopher Giancarlo in a statement. CME, Cboe and Nasdaq have all announced […]
European privacy regulators to discuss Uber’s data breach
(Reuters) — European Union privacy regulators will discuss ride-hailing app Uber’s massive data breach cover-up next week and could create a task-force to coordinate investigations. Uber faces regulatory scrutiny after CEO Dara Khosrowshahi said the company covered up a data breach last year that exposed personal data from around 57 million accounts. The chair of […]
Regulators begin to tackle the craze for initial coin offerings
“I’M GONNA make a $ hit t$ n of money on August 2nd on the Stox.com ICO.” Written in July on Instagram, these words made Floyd Mayweather, a boxer, the first big celebrity to endorse an “initial coin offering”, a form of crowdfunding that issues cryptographic coins, or “tokens”. Stox, an online prediction market, went […]
Canadian regulators have blocked Soylent, producers say
Soylent, shipping now. The Canadian Food Inspection Agency (CFIA) has taken action that led to a cessation of shipments of Soylent to Canadian customers, according to Soylent producer Rosa Foods. As Ars reported two years ago, Rosa Foods began shipping Soylent in Canada in July of 2015. Then, there was a recall of the meal replacement bars […]
Yelp Claims Google Broke Promise to Antitrust Regulators
In a letter to the Federal Trade Commission, Yelp says Google is scraping photos from Yelp’s listings for its own search results https://media.wired.com/photos/59b72cc389c1184f4a0c283b/master/pass/GoogleYelpHP-839615588.jpg Feed: All Latest
RBC: Google is in the ‘crosshairs’ of antitrust regulators — and should be kicked out of FANG (GOOGL, GOOG)
Justin Sullivan / Getty Images Google is facing heavy antitrust regulation risk from around the world. If hit by these regulations, the company could have to pay more to acquire users, putting a dent in its bottom line. Google made headlines after it was served with the largest fine in the history of the European Commission, […]
Apple at odds with Indian regulators over anti-spam app
In a classic case of an unstoppable force meeting an immovable object, Apple’s refusal to approve the Indian government’s anti-spam iPhone app is causing uproar on both sides. The Telecom Regulatory Authority of India has been pushing unsuccessfully to get its “Do Not Disturb” software included in the App Store, and Apple refuses to budge […]