Cryptocurrency brokerage Coinbase said Thursday that it has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. CNN reports: The announcement comes as interest in bitcoin and other cryptocurrencies has soared during the coronavirus pandemic. Investors have found such currencies attractive as the US dollar weakens. Bitcoin has…
Tag: commission
Nigeria Orders Mobile Users To Link Phones To National ID Numbers
Nigeria’s telecommunications regulator ordered mobile-phone users to link their devices to their national identity numbers, raising the prospect of millions of lines being blocked. From a report: Subscribers have until Dec. 31 to comply with the requirement, the Nigerian Communications Commission said in a statement Tuesday on its website. Failure to do so will result in their phone lines being cut…
Senator Tries To Block Frontier’s FCC Funding, Citing ISP’s Various Failures
An anonymous reader quotes a report from Ars Technica: A Republican US senator from West Virginia has asked the government to block broadband funding earmarked for Frontier Communications, saying that the ISP is not capable of delivering gigabit-speed Internet service to all required locations. Sen. Shelley Moore Capito (R-W.Va.) outlined her concerns in a letter to Federal Communications Commission Chairman Ajit…
SolarWinds Says 18,000 Customers Were Impacted by Recent Hack
IT software provider SolarWinds downplayed a recent security breach in documents filed with the US Securities and Exchange Commission on Monday. From a report: SolarWinds disclosed on Sunday that a nation-state hacker group breached its network and inserted malware in updates for Orion, a software application for IT inventory management and monitoring. Orion app versions 2019.4 through 2020.2.1, released between March…
Big Tech Firms To Face 6% Fines If Breach New EU Content Rules
Big tech firms such as Google and Facebook will face fines of up to 6% of turnover if they do not do more to tackle illegal content and reveal more about advertising on their platforms under draft European Union rules. Reuters reports: The EU’s tough line, which is due to be announced next week, comes amid growing regulatory scrutiny worldwide of…
FTC Sues Facebook for Illegal Monopolization
The Federal Trade Commission today sued Facebook, alleging that the company is illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct. FTC: Following a lengthy investigation in cooperation with a coalition of attorneys general of 46 states, the District of Columbia, and Guam, the complaint alleges that Facebook has engaged in a systematic strategy — including…
Senate Votes To Advance Nomination of Trump FCC Nominee
The U.S. Senate voted Tuesday by a 49 to 47 vote to advance the nomination of a senior Trump administration official who has helped lead an effort seeking social media regulations to a seat on the Federal Communications Commission. From a report: The Senate is set to vote later on the nomination of Nathan Simington, a Commerce Department official, after U.S….
Google, Online Platforms Told by EU To Explain Search Rankings
Internet firms such as Google, Amazon.com and travel websites should explain how they rank search results on their platforms, according to European Union guidelines published Monday that could help businesses to increase their online visibility. From a report: The guidelines “set the standard for algorithmic ranking transparency,” Margrethe Vestager, the EU’s digital chief, said in a statement on the European Commission…
EU Pushes for ‘Right To Disconnect’ From Work at Home
An anonymous reader shares a report: The coronavirus pandemic has not only upended social life across Europe but dramatically changed the way people work. With ever more people working from home — roughly a third of all employees within the bloc according to the Associated Press (AP) — and needing to be constantly reachable, the boundaries between work and private life…
EU Greenhouse Gas Emissions Down 24% Since 1990
Greenhouse gas emissions in the European Union have been reduced by 24% compared to 1990 levels, according to the bloc’s annual climate report, but the EU said Monday it still needs to intensify efforts to keep to its target of making Europe the first climate-neutral continent by mid-century. The Associated Press reports: The EU’s executive arm said Monday that emissions in…