By Jonathan Stempel NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest U.S. cryptocurrency platform of operating illegally because it failed to register as an exchange, in another blow to the crypto industry. The lawsuit is the SEC’s second in two days against a major crypto exchange,…
By Luc Cohen NEW YORK (Reuters) -The founder of OneTaste, a sexual wellness company that claims to teach “orgasmic meditation”, has been charged with forced labor conspiracy, federal prosecutors said on Tuesday. OneTaste founder Nicole Daedone, who also served as chief executive until 2017, and former head of sales Rachel Cherwitz were accused of inducing…
AMSTERDAM (Reuters) – Uber said on Wednesday it has opened a new office with space for 1,000 additional workers in Amsterdam, where the company has its international headquarters. The U.S. ride sharing and food delivery firm said in a statement it currently employs more than a thousand workers in Amsterdam and is looking to add…
BRASILIA (Reuters) – Brazil’s consumption tax reform advanced on Tuesday as a working group in Congress outlined a proposal to combine various levies into a value-added tax with separate federal and regional rates without increasing the overall tax burden on the economy. The report represents an early step in a reform considered crucial by President…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Chinese trade figures for May top the Asia-Pacific economic data and events calendar on Wednesday with investors keen to see whether April’s shock slump in imports is repeated, which will offer clues on the health – or otherwise…
(Reuters) – Bitcoin rose 5.56% to $27,171 at 19:57 GMT on Tuesday, adding $1,432 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 64.7% from the year’s low of $16,496 on January 1. Ether, the coin linked to the Ethereum blockchain network, rose 4.72% to $1,896.1 on Tuesday, adding $85.4 to…
By Jonathan Stempel NEW YORK (Reuters) – A New York appeals court on Tuesday signaled it was unlikely to grant Donald Trump’s request to dismiss state Attorney General Letitia James’ civil lawsuit accusing him, his family business and three of his children of a “staggering” fraud. The Appellate Division in Manhattan was considering Trump’s appeal…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Beneficient is set to go public this week with a blank-check vehicle in a deal valuing the financial services firm at about $3.3 billion, a source familiar with the matter said on Tuesday. Last year, Beneficient announced plans to go public via a merger with Avalon Acquisition Company….
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar gained against the euro and yen on Tuesday as investors focused on the likelihood that the Federal Reserve will continue hiking rates, while the Aussie jumped after the Reserve Bank of Australia (RBA) surprised with a rate increase. Fed officials are in a blackout period…
By Tom Wilson, Rae Wee and Hannah Lang (Reuters) -Investors have pulled around $1.43 billion from the crypto exchange Binance and its U.S. affiliate as of 11 a.m. ET (1500 GMT) on Tuesday, data firm Nansen said, a day after a top U.S. regulator sued both exchanges. Binance saw net outflows of $1.34 billion of…
