Coinbase, a leading digital currency exchange, has announced a significant partnership with Yellow Card, a prominent African financial service provider. This collaboration is set to revolutionize the way Coinbase users in Africa convert local currencies to and from crypto, with a special emphasis on the stablecoin, USD Coin (USDC). Key Benefits for African Users: The initiative […]

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BlackRock, the investment giant, is poised to streamline its workforce, with plans to let go of approximately 3% of its employees, translating to 600 staff members. The decision aligns with the firm’s strategic adjustments and performance evaluations over the previous year. In the financial community, all eyes are on the imminent decision from the U.S. […]

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Coinbase is charting a new course in the European Union’s financial landscape. The renowned digital currency platform is set to broaden its product palette with regulated derivatives, stepping into the competitive arena against the likes of Binance and Bybit. In a strategic move, Coinbase has announced its acquisition of a Cyprus-based entity, a move that aligns with […]

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In a strategic financial maneuver, Michael Saylor, the Executive Chairman of MicroStrategy, has initiated the sale of a substantial portion of his company stock, amounting to $216 million. This move, disclosed in a recent SEC filing, is part of a deliberate plan to expand his Bitcoin portfolio. Starting January 2nd, Saylor embarked on the sale of his stock […]

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In a decisive legal victory, JD.com has emerged successful in its antitrust lawsuit against Alibaba. The Beijing High People’s Court imposed a hefty fine of 1 billion yuan ($140.68 million) on Alibaba for engaging in exclusionary practices that undermined fair competition. The court’s verdict pinpointed that Alibaba Group Holding Limited, along with its subsidiaries, Zhejiang Tmall Network Co and […]

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The social media entity formerly recognized as Twitter, now rebranded as ‘X’ under Elon Musk’s stewardship, encountered a setback in its efforts to challenge a new Californian law. This regulation mandates that large social media firms transparently report their content moderation policies and activities. Despite ‘X’s’ legal argument that the law encroaches on free speech […]

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Google, part of Alphabet Inc., has consented to a settlement over allegations of covertly tracking users’ private internet sessions. The case, which was set for trial on February 5, 2024, has been paused, following the announcement of a preliminary agreement between the tech giant and the plaintiff class. The lawsuit, which demanded upwards of $5 billion […]

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A Manhattan federal judge has green-lighted legal action against global retail giant Alibaba for allegedly allowing the sale of imitation Squishmallows. The plush toy, a favorite among children, is at the center of a copyright and trademark dispute spearheaded by Kelly Toys, a subsidiary of Jazwares—now under the umbrella of Warren Buffett’s Berkshire Hathaway. Despite Alibaba’s […]

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In a recent development, Coinbase, a leading name in the cryptocurrency exchange market, has come forward to clarify its stance amid allegations of regulatory interference. The company’s top policy executive, Faryar Shirzad, addressed concerns raised by Senator Elizabeth Warren, emphasizing the company’s commitment to constructive engagement in the formulation of digital asset regulations. Shirzad firmly denied […]

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The European Union is closely examining a significant tax dispute involving Meta Platforms Inc., the parent company of Facebook. The issue, which carries potential implications for digital taxation across the bloc, has been referred to the EU Commission’s VAT committee. Meta, which also operates Instagram, WhatsApp, and Oculus, is contending with an Italian tax bill […]

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