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Terraform Labs Settles SEC Lawsuit for $4.47 Billion After Investor Loss

Terraform Labs Settles SEC Lawsuit for $4.47 Billion After Investor Loss

Terraform Labs agrees to a $4.47 billion settlement with the SEC for investor asset loss, with co-founder Do Kwon also facing penalties and restrictions following determinations of fraud, impacting the cryptocurrency industry.


Japan Enacts Legislation Mandating That Google, Apple Permit Use of Third-Party Apps

Japanese legislation penalizes digital corporations like Google and Apple that don't allow third-party applications and payment systems.

Rapper Iggy Azalea Enters the Crypto World With Her $MOTHER Meme Coin

Rapper Iggy Azalea is venturing into the cryptocurrency world with the launch of her meme coin, Mother Iggy or $MOTHER.

ABC's Paul Barry to Step Down as Host of 'Media Watch' in December

Media Watch presenter Paul Barry announced he would host his final episode in December. The logo for Australia's public broadcaster ABC is seen on its head office building in Sydney on September 27, 2018.


Latest News

Korean Fair Trade Commission Probes Kakao Entertainment Over Alleged Unfair Music Distribution Fees
The Korean Fair Trade Commission launches an on-site probe into Kakao Entertainment amid allegations of biased music distribution fees, following claims from industry insiders and K-pop agencies about preferential treatment towards subsidiary labels.
US Business Owners Ramp up Their Insurance Coverage as AI, Election Emerged as Significant Risks to Businesses
A new survey shows that many US business owners are ramping up their insurance coverage as AI and election risks loom.
Japanese General Trader Marubeni Invests on Amata's Vietnamese Industrial Park
Marubeni Corporation recently announced that it was participating in the development and operation of an industrial park in Vietnam run by a subsidiary of the Thai industrial developer Amata Corporation.
Broadcom Expects $10 Billion in AI Chip Sales in 2024, But Shares Still Drop as Investors Aren't Impressed
Broadcom posted better-than-expected second fiscal quarter earnings, and announced 10-for-1 stock split.
Michigan Insurer Drops Coverage for Weight-Loss Drugs Amid Cost Concerns
Michigan discontinues coverage for Novo Nordisk and Eli Lilly's weight-loss drugs, impacting thousands, citing cost-effectiveness concerns.
US Sanctions Several Firms in Hong Kong, UAE for Involvement in Russian Gold Trade
The US has imposed sanctions on several companies based in Hong Kong and the UAE for involvement in the trade of gold produced by a sanctioned Russian miner.
chatgpt
Oracle is helping OpenAI and Microsoft to boost ChatGPT's processing capability. This photograph taken in Mulhouse, eastern France on October 19, 2023, shows the ChatGPT logo reflected in mirrors.
Pew Survey Reveals Americans Trust TikTok for News Content Amid Political Turmoil
According to a March Pew Research study of 10,000 American adults, TikTok was least likely to influence news stories through algorithmic recommendations or content moderation than Facebook, Instagram, and X.
Megabus Operator Coach USA Files for Bankruptcy, Seeks Sale of Business
Coach USA, the company behind Megabus and several commuter bus lines in the US and Canada, has filed for bankruptcy protection in Delaware.
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Most Chinese EV manufacturers' stock prices rose on Thursday morning after the EU proposed 38% higher tariffs.