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Join the Securities Litigation and Enforcement Group on LinkedInSEC loses bid to sanction VW in dispute over emissions case witness | Reuters
A U.S. magistrate judge on Friday refused to sanction Volkswagen AG over the refusal of one of its managing agents to sit for questioning by the U.S. Securities and Exchange Commission in its case arising from VW’s emissions cheating scandal. U.S. Magistrate Judge Alex Tse said in his ruling that VW had not acted in […]
Ex-OpenSea manager’s trial kicks off in first NFT insider trading case | Reuters
U.S. prosecutors will square off this week against a former employee of OpenSea, the world’s largest marketplace for non-fungible tokens (NFTs), whom they accuse of insider trading. The charges against Nathaniel Chastain, a former OpenSea product manager, were the first in a series of high-profile cases related to digital assets launched by the Manhattan U.S. […]
Tycoon Mike Lynch Set to Be Sent to US After Losing Appeal – Bloomberg
UK tech tycoon Mike Lynch is set to be extradited to the US to face criminal charges over the sale of his Autonomy Corp. to Hewlett Packard after British courts closed the door on any future UK appeals. Lynch lost his bid to block his transfer to the US after the London judges refused permission […]
Accountant Shortage Leaves Some US Cities Without Credit Ratings – Bloomberg
A growing shortage of accountants has exacerbated issues for Marion and plagued dozens of cities and counties across the US. Marion saw its general obligation debt rating downgraded two notches in June and has struggled to file its financials on time. Other municipalities have recently seen their bond ratings deteriorate or disappear, threatening their ability […]
Bitcoin Price: What is ‘Halving’ and Will It Boost Cryptocurrency’s Value? – Bloomberg
Bitcoin is notoriously volatile, prone to sudden price surges and swift reversals that can wipe out millions of dollars of value in a matter of minutes. Those changes are often mysterious to market observers, given the digital currency’s lack of fundamentals, or ties to the real economy. Bitcoin has another quirk, one that was built […]
The Reserve Bank of Zimbabwe to Introduce Gold Backed Digital Currency: The Sunday Mail
The Reserve Bank of Zimbabwe (RBZ) plans to introduce a gold-backed digital currency as legal tender to help stabilize the local currency, the Zim dollar, the Sunday Mail reported. The tokens will be a form of electronic money backed by the country’s gold reserves, which will be held by the central bank. RBZ wants people […]