NVIDIA Shareholder Case: Supreme Court Expresses Caution on Broad Rulings
In a pivotal hearing held on November 13, 2024, the Supreme Court of the United States conveyed its hesitance regarding a potential sweeping judgment in a significant shareholder lawsuit against NVIDIA Corporation. The case, which has drawn considerable attention due to its implications for corporate governance and shareholder rights, revolves around allegations concerning misleading statements made by the technology giant.
Continue readingSEC Takes Action Against Cumberland for Alleged Unregistered Crypto Dealings
In a significant move reflecting the US Securities and Exchange Commission's ongoing efforts to regulate the cryptocurrency market, the SEC has filed charges against Cumberland DRW LLC. The regulatory body accuses the company of operating as an unregistered broker-dealer in the digital asset space. This development comes as part of a broader initiative by the SEC to enforce compliance among cryptocurrency firms.
Continue readingTrueUSD Scandal Shows Even Trustless Crypto Is Not Free From Trust Issues
In the ever-tumultuous world of cryptocurrency, TrueUSD-the big stablecoin-unraveled quite a mire of controversy underpinning what many would say is one of the biggest problems: issues of trust within an ostensibly "trustless" environment. The incident ultimately shows that even in DeFi-which pride themselves on dispensing with intermediaries-human error and trust deficits are not exactly avoidable either.
Continue readingDubai Imposes Stricter Regulations on Crypto Marketing Amid Growing Concerns
With the exponential growth in the cryptocurrency market, Dubai has implemented a number of new regulations in its efforts to rein in scam marketing. The Dubai Financial Services Authority announced a raft of far-reaching rules effective from September 26, 2024, which are aimed at bolstering investor protection and enhancing market transparency.
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