Mark Zuckerberg says he ‘regrets’ bowing to COVID-19 censorship pressure
“I believe the government pressure was wrong, and I regret that we were not more outspoken about it,” said the Meta CEO in a letter.
“I believe the government pressure was wrong, and I regret that we were not more outspoken about it,” said the Meta CEO in a letter.
According to BlockBeats, on August 27, San Francisco Federal Reserve President Mary Daly stated that she believes it is appropriate for the Federal Reserve to begin cutting interest rates. In an interview on Monday, Daly mentioned, 'The labor market has achieved full balance. The time to adjust policy has arrived.'This perspective aligns with Federal Reserve Chairman Jerome Powell's remarks last week. During the Jackson Hole symposium, Powell expressed confidence that the inflation rate is on its way back to 2%, similarly noting that 'the time to adjust policy has arrived.' Daly emphasized that the Federal Reserve must bring the inflation rate down to the 2% target, but she and her colleagues will also strive to prevent restrictive policies from harming the labor market.
According to Cointelegraph, the United States Securities and Exchange Commission (SEC) announced that cryptocurrency platform Abra has agreed to a settlement over allegations that the firm did not register the offers and sales of its lending product.In an August 26 notice, the regulator stated that Abra, “without admitting or denying the SEC’s allegations,” has agreed to pay civil penalties to be determined by a court and an injunction prohibiting the firm from violating securities laws. The SEC filed charges against the lending platform for failing to register the offers and sales of Abra Earn and operating as an unregistered investment company.The SEC alleged that Abra marketed its Earn service as a way for investors to earn interest “auto-magically” but instead generated income for itself. The platform began offering Abra Earn to US investors in July 2020, facilitating roughly $600 million in assets globally at its peak.“Abra allegedly sold its own securities while skirting applicable Investment Company Act provisions that provide a number of important protections to investors, including minimizing conflicts of interest,” said SEC enforcement associate director Stacy Bogert. “This matter reflects yet again, that in conducting enforcement investigations, we are governed by economic realities, not cosmetic labels.”This is a developing story, and further information will be added as it becomes available.
According to Odaily, Federal Reserve's Barkin has announced a 'test and learn' approach to handling interest rate cuts. The decline in inflation, which initially began in the goods sector, has now spread to other parts of the economy. This development has bolstered confidence that the downward trend in inflation will continue.
According to Odaily, ANZ has indicated that the Bank of Japan might increase interest rates in October. This potential move is significant as it could impact global financial markets. Additionally, ANZ highlighted that the U.S. Federal Reserve's policy direction will be heavily influenced by the non-farm payroll report for September. This report is crucial for understanding the labor market's health and could determine the Fed's next steps in monetary policy.
PYUSD is competing with rivals such as Circle’s USDC and Tether’s USDT.
French authorities have come under fire from free speech activists and the crypto community after arresting Telegram founder Pavel Durov.
The Telegram founder’s unexpected arrest marks a significant development in the ongoing scrutiny of tech leaders amid growing legal challenges facing the crypto industry.
The SEC announced securities charges against the lending platform over its Abra Earn service but also said the firm had settled with pending civil penalties and an injunction.
The US Attorney’s Office said Ryan Salame made a “demonstrably false” allegation by claiming prosecutors did not intend to continue investigating his partner, Michelle Bond.