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Tether to Audit Its Reserves with a Big Four Firm as Trump Puts Crypto in the Spotlight
Tether is seeking a Big Four accounting firm to audit its asset reserves. CEO Paolo Ardoino stated that Tether's stability comes from full backing by dollar-denominated reserves and that President Trump’s pro-crypto stance has motivated the company to pursue this long-overdue audit.
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Researchers Discover DeepSeek Has Links to Chinese Telecom Firm Banned in US: Report
DeepSeek’s source code has reportedly revealed the artificial intelligence (AI) chatbot’s connection with a Chinese telecommunication provider. As per the report, a cybersecurity firm has uncovered code that could be used to send data being added to the web client of DeepSeek to China Mobile. The code reportedly relates to the account creation ...
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Google's Antitrust Trial Over Online Advertising Set to Begin
Google will face US antitrust prosecutors on Monday where the Justice Department will seek to show the company stifled competition in online advertising technology. Prosecutors say Google engaged in a complex scheme to dominate website advertising tools.
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Trump's Media Company Replaces Auditor Amid "Massive Fraud" Charges
Former U.S. President Donald Trump's media and technology company said it had replaced its auditor, BF Borgers, after the U.S. Securities and Exchange Commission (SEC) charged the accounting firm with "massive fraud" on Friday.
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Netflix Sees Jump in Daily Sign-Ups in US After Password-Sharing Crackdown, Says Data
Daily US sign-ups for Netflix have jumped in the first few days after the streaming giant's password-sharing crackdown came into effect on May 23, data from research firm Antenna showed. Looking for new ways to make money in a saturating market and a tough economy, Netflix moved to regulate the sharing of account passwords with friends and family ...
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TCS, Infosys Have Highest Exposure to US Regional Banks, Says JP Morgan After SVB Collapse
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at JP Morgan said on Friday.
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Binance's US Partner Confirms Role of Trading Platform in Operating CEO Zhao's Firm
The US partner of global cryptocurrency exchange Binance has confirmed that a trading firm managed by Binance CEO Changpeng Zhao operated as a market maker on its platform. Reuters reported on Thursday that Binance had secret access to a bank account belonging to its purportedly independent US partner and transferred large sums of money from the ...
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Binance Moved $400 Million From US Partner to Trading Firm Managed by CEO Zhao, Records Show
Binance, the world's most prominent crypto exchange, transferred large sums of money over the first three months of 2021 from a secret bank account that belonged to its purportedly independent US partner, to a trading firm that is managed by Binance CEO Changpeng Zhao, according to banking records and company messages.
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Crypto Crime Hits Record $20 Billion in 2022: Chainalysis Report
Illicit use of cryptocurrencies hit a record $20.1 billion (nearly Rs. 1,63,217 crore) last year as transactions involving companies targeted by US sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday. The cryptocurrency market floundered in 2022, as risk appetite diminished and various crypto firms collapsed...
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US SEC Warns Crypto Investors Against Blindly Trusting ‘Proof-of-Reserve' Audits
Paul Munter, the acting chief accountant of the SEC has said not all crypto firms are even sharing numbers from their audits and hence, should not be taken as reliable sources. The statement from Munter comes at a time several crypto firms are trying to earn back the trust of the investors by providing proofs of reserves.
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Auditors' Work For Crypto Firms Under Scanner, Says US Securities Regulator
"We're warning investors to be very wary of some of the claims that are being made by crypto companies," said Paul Munter, SEC's acting chief accountant in an interview with the Wall Street Journal.
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Thinking of Breaking Up With Twitter? Here’s the Right Way to Do It
Elon Musk recently reinstated the Twitter accounts of former US President Donald Trump and Kanye West, weeks after he fired a majority of the company's workforce. Last week, several engineers exited the firm after an ultimatum from Musk to face “extremely hardcore” working conditions at Twitter. If you are concerned about safety on Twitter, her...
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Tesla Begins Production of Electric Semi Trucks, PepsiCo Confirms First Deliveries to Start in December
Tesla's Semi trucks, the company's much-delayed electric vehicle, will be delivered to PepsiCo in December, the company confirmed on Friday. The announcement came a day after Tesla CEO Elon Musk said on Thursday that the company had started production of the Semi truck, which has an 805 km range and are "super fun to drive." PepsiCo is one of many ...
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Meta Disrupts Chinese Propaganda Operation Across Facebook, Instagram Ahead of US Midterm Elections
Meta on Tuesday said that it had disabled a China-based propaganda operation that was aimed at users in the US ahead of the upcoming midterm elections in November, serving them political content on the company's platforms. The firm said that the propaganda network had fake accounts on both Facebook and Instagram, as well as on rival service Twitter...
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Twitter CEO Said to Term Whistleblower Claims 'Inaccurate'; Firm Reiterates Spam User Count to SEC: Reports
Twitter CEO Parag Agrawal toldsaid to have addressed employees at an internal meeting on Wednesday to state that accusations by former employee and whistleblower Peiter 'Mudge' Zatko were inaccurate, as per a report. The company is also reportedly said to have defended its spam and bot account enumeration to the US SEC earlier this year.
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Tether to Audit Its Reserves with a Big Four Firm as Trump Puts Crypto in the Spotlight
Tether is seeking a Big Four accounting firm to audit its asset reserves. CEO Paolo Ardoino stated that Tether's stability comes from full backing by dollar-denominated reserves and that President Trump’s pro-crypto stance has motivated the company to pursue this long-overdue audit.
-
Researchers Discover DeepSeek Has Links to Chinese Telecom Firm Banned in US: Report
DeepSeek’s source code has reportedly revealed the artificial intelligence (AI) chatbot’s connection with a Chinese telecommunication provider. As per the report, a cybersecurity firm has uncovered code that could be used to send data being added to the web client of DeepSeek to China Mobile. The code reportedly relates to the account creation ...
-
Google's Antitrust Trial Over Online Advertising Set to Begin
Google will face US antitrust prosecutors on Monday where the Justice Department will seek to show the company stifled competition in online advertising technology. Prosecutors say Google engaged in a complex scheme to dominate website advertising tools.
-
Trump's Media Company Replaces Auditor Amid "Massive Fraud" Charges
Former U.S. President Donald Trump's media and technology company said it had replaced its auditor, BF Borgers, after the U.S. Securities and Exchange Commission (SEC) charged the accounting firm with "massive fraud" on Friday.
-
Netflix Sees Jump in Daily Sign-Ups in US After Password-Sharing Crackdown, Says Data
Daily US sign-ups for Netflix have jumped in the first few days after the streaming giant's password-sharing crackdown came into effect on May 23, data from research firm Antenna showed. Looking for new ways to make money in a saturating market and a tough economy, Netflix moved to regulate the sharing of account passwords with friends and family ...
-
TCS, Infosys Have Highest Exposure to US Regional Banks, Says JP Morgan After SVB Collapse
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at JP Morgan said on Friday.
-
Binance's US Partner Confirms Role of Trading Platform in Operating CEO Zhao's Firm
The US partner of global cryptocurrency exchange Binance has confirmed that a trading firm managed by Binance CEO Changpeng Zhao operated as a market maker on its platform. Reuters reported on Thursday that Binance had secret access to a bank account belonging to its purportedly independent US partner and transferred large sums of money from the ...
-
Binance Moved $400 Million From US Partner to Trading Firm Managed by CEO Zhao, Records Show
Binance, the world's most prominent crypto exchange, transferred large sums of money over the first three months of 2021 from a secret bank account that belonged to its purportedly independent US partner, to a trading firm that is managed by Binance CEO Changpeng Zhao, according to banking records and company messages.
-
Crypto Crime Hits Record $20 Billion in 2022: Chainalysis Report
Illicit use of cryptocurrencies hit a record $20.1 billion (nearly Rs. 1,63,217 crore) last year as transactions involving companies targeted by US sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday. The cryptocurrency market floundered in 2022, as risk appetite diminished and various crypto firms collapsed...
-
US SEC Warns Crypto Investors Against Blindly Trusting ‘Proof-of-Reserve' Audits
Paul Munter, the acting chief accountant of the SEC has said not all crypto firms are even sharing numbers from their audits and hence, should not be taken as reliable sources. The statement from Munter comes at a time several crypto firms are trying to earn back the trust of the investors by providing proofs of reserves.
-
Auditors' Work For Crypto Firms Under Scanner, Says US Securities Regulator
"We're warning investors to be very wary of some of the claims that are being made by crypto companies," said Paul Munter, SEC's acting chief accountant in an interview with the Wall Street Journal.
-
Thinking of Breaking Up With Twitter? Here’s the Right Way to Do It
Elon Musk recently reinstated the Twitter accounts of former US President Donald Trump and Kanye West, weeks after he fired a majority of the company's workforce. Last week, several engineers exited the firm after an ultimatum from Musk to face “extremely hardcore” working conditions at Twitter. If you are concerned about safety on Twitter, her...
-
Tesla Begins Production of Electric Semi Trucks, PepsiCo Confirms First Deliveries to Start in December
Tesla's Semi trucks, the company's much-delayed electric vehicle, will be delivered to PepsiCo in December, the company confirmed on Friday. The announcement came a day after Tesla CEO Elon Musk said on Thursday that the company had started production of the Semi truck, which has an 805 km range and are "super fun to drive." PepsiCo is one of many ...
-
Meta Disrupts Chinese Propaganda Operation Across Facebook, Instagram Ahead of US Midterm Elections
Meta on Tuesday said that it had disabled a China-based propaganda operation that was aimed at users in the US ahead of the upcoming midterm elections in November, serving them political content on the company's platforms. The firm said that the propaganda network had fake accounts on both Facebook and Instagram, as well as on rival service Twitter...
-
Twitter CEO Said to Term Whistleblower Claims 'Inaccurate'; Firm Reiterates Spam User Count to SEC: Reports
Twitter CEO Parag Agrawal toldsaid to have addressed employees at an internal meeting on Wednesday to state that accusations by former employee and whistleblower Peiter 'Mudge' Zatko were inaccurate, as per a report. The company is also reportedly said to have defended its spam and bot account enumeration to the US SEC earlier this year.
