Satish Kumbhani, founder of BitConnect, accused of $2 billion cryptocurrency fraud by the US SEC

The top US securities regulator has sued the founder of the now-defunct cryptocurrency exchange platform BitConnect for his alleged role in fraudulently raising nearly $2 billion (about INR 14,600 crores) from thousands of retail investors. Expanding on a civil case announced in May, the US Securities and Exchange Commission accused BitConnect founder Satish Kumbhani, an … Read more

Russian news sites blocked by Ukraine, accused of spreading propaganda

Ukraine on Monday blocked the websites of several major Russian media outlets in its latest round of sanctions against neighboring Russia, which it accused of spreading propaganda. Ties between former Soviet countries have deteriorated drastically since Russia annexed the Crimean peninsula in 2014 and threw its weight on armed separatists in eastern Ukraine. Ukraine and … Read more

Former Netflix employees accused of insider trading accused of illegally using subscriber growth data

On Wednesday, US regulators filed insider trading charges against five people, including three former Netflix employees, accusing them of illegally using sensitive data about the streaming giant’s subscriber growth. television. The Securities and Exchange Commission said the group generated $3 million (about Rs. 22 crores) in total profits trading insider information for three former Netflix … Read more

Facebook accused of buying and burying rivals by US FTC in renewed antitrust fight

The US Federal Trade Commission (FTC) updated its antitrust case against Facebook Inc on Thursday, adding more details about the charge that the social media company crushed or bought rivals and once again asked a judge to enforce the social media giant selling Instagram and WhatsApp. At 80 pages, the new complaint is significantly longer … Read more