Search result for FTC
According to the CFTC, Binance and its founder Changpeng Zhao broke compliance regulations in order to gain users in the United States.
The Commodity Futures Trading Commission (CFTC) filed a complaint against Binance, its co-founder Changpeng Zhao, and its former chief compliance officer Samuel Lim in federal court in Illinois on Monday, alleging that Binance actively solicited U.S. users and subverted the exchange's own &qu...
President Yoon names the FTC chairman and the main prosecutor
In order to fill the months-long leadership void at the prosecution, President Yoon Suk-yeol on Friday accepted the appointment of Lee Won-seok as the first chief prosecutor of the administration.
Yoon also announced that Han Ki-jeong, a professor of law at Seoul National University, ha...
S. KOREA’S HANJIN HEAVY TO BE SOLD OFF TO DONGBU CORP.
Highlights –
- S. Korea’s Hanjin Heavy to be sold off to Dongbu Corp.
- The company’s shares ended low on Friday trading at 7,650 won.
- KDB, creditor of Hanjin Heavy will sell 66.85 percent of its stake in the company to Dongbu...
UK RESIDENT CHEATS PEOPLE IN BTC SCAM; CAUGHT & PUNISHED
Highlights:
• The UK resident had a whole set up to con people of BTC
• CFTC’s allegations finally brought him to justice.
The CFTC brought an enforcement action ...
LINA KHAN LIKELY TO BE PRESIDENT BIDEN’S NOMINEE FOR POST OF COMMISSIONER AT FTC
Highlights
• According to the announcement made by the President Joe Biden, Lina Khan, Big Tech critic will be nominated for the post of the commissioner at the Federal Trade Commission (FTC)
• The appointment of Khan holds significance as it comes at a time when the...
CFTC ALLEGES COINBASE ENGAGED IN SELF TRADING; THE EXCHANGE SETTLES ALLEGATIONS FOR $ 6.5M
Highlights:
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Coinbase allegedly indulged in self-trading to inflate its sales numbers on its app between 2015 -2018
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The exchange intends to go public
The US Commodity Futures Trading Committee has alleged that Coinbase had in...
BINANCE INVESTIGATED BY CFTC
Highlights:
• The Commodity Futures Trading Commission (CFTC) monitors derivatives trading on crypto exchanges
• There are no accusations against Binance
Binance crypto exchange i...
FACEBOOK CHALLENGES THE US FTC'S LANDMARK ANTITRUST CASE
Highlights
• Along with challenging the case, Facebook has also asked a judge to shelve the case, and has called it ‘nonsensical’ in its complaint
• The Mark-Zuckerberg led company was accused by the FTC of anti-competitive behaviour and, had also urged t...
KFTC PLANS TO REVISE E-COMMERCE TRANSACTION LAWS
Highlights –
- KFTC plans to revise e-commerce transaction laws.
- The revision is to be made due to growing rise in online platform-based trade.
- KFTC will revise the 2002 Act on Consumer Protection in Electronic Commerce of the country.<...
HUAWEI FILES LEGAL CHALLENGE TO US FTC'S DESIGNATION AS NATIONAL SECURITY THREAT
Highlights
• The FCC order exceeded statutory authority; violates federal law and the Constitution; is arbitrary, capricious, and an abuse of discretion said Huawei in a petition filed on Monday
• A day after filing this challenge, Huawei founder Ren Zhengfei express...
AMAZON BOUND TO PAY $62 MILLION TO SETTLE CHARGES FOR NOT PASSING ON TIPS TO DRIVERS
Highlights
• The people delivering those packages were independent workers and not Amazon employees
• Instead of paying them, Amazon hid all the customer tips from drivers and repeatedly tried to mislead them
• Amazon continued taking tips till 2019 bu...
KFTC REVIEW THE DEAL BY KOREAN AIR TO BUY ASIANA AIRLINES INC.
Highlights –
- KFTC review the deal by Korean Air to buy Asiana Airlines Inc.
- KFTC will see if the merger could constitute a monopoly or hurt market competition.
- Korean Air in November 2020 said that it will acquire its smaller rival As...
FTC IN FINAL STAGE OF FILING ANTITRUST LAWSUIT AGAINST FACEBOOK
Highlights
• The FTC staff undertaking the investigation has urged the commissioners to file this lawsuit in federal court as it would allow the group of states led by New York to become a part of the suit
• It is being said that nearly 41 states are likely to sign o...
U.S. COURT WON’T REHEAR ARGUMENTS AGAINST QUALCOMM
Highlights
• The US 9th Circuit Court of Appeals in a brief order said it would not rehear arguments over engagement of Qualcomm in anticompetitive patent-licensing practices to keep hold on the modem chip market
• Previously on August 11, a three-judge panel of the ...
KOREA TO EXERT FAIR PRACTISE LAWS TO OVERSEE BURGEONING E-COMMERCE MARKETPLACE
- Kim Jae-shin, vice-chairperson of the Fair Trade Commission of South Korea, said rules and regulations regarding the growing e-commerce platform businesses would continue to burgeon to maximize fair trade and competition at the Korea Herald Biz Forum held Tuesday. &...
SOUTH KOREA TO DISSUADE BACK DOOR ONLINE ADVERTISING EVILS
- South Korea will prohibit social media influencers from promoting a new product or service on their online platforms without revealing their business profile linked to their corporate sponsors, officials said Wednesday.
- The move comes amid over some famous social media influenc...
TWITTER GETS SERVED WITH FTC COMPLAINT: MIGHT LOSE $150.0 TO $250.0 MILLION
Highlights:
• After the information from Twitter, its stock price went down by 1%
• The complaint against twitter has been filed by FTC, the matter remains unresolved
Twitter has been sent a draft complaint by...
SOUTH KOREA ADDS BIOMETRIC AUTHENTICATION FOR MOBILE TRANSACTION SECURITY
HIGHLIGHTS
- KFTC has introduced new biometric authentication model to prevent fraud in online transaction.
- Expressing concerns about invulnerability on online banking system and sensor hardware, KFTC said that hacking verification devices such as smart...
What marketers need to learn about YouTube's new ad policies
The Video Giant "owned by Google now considers personal data from everyone who views children's app content as being from a child, regardless of a user's age. It means that we limit the collection and use of data for children on a video made for children and therefore need to restric...
HHS HIV Drug Lawsuit
On November 6, 2019, the bonds between the U.S. government and pharmaceutical organizations were extended when the U.S. Branch of Health and Human Services ("HHS") recorded a patent encroachment claim against Gilead Sciences in Delaware government court concerning Gilead's famous HI...