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Circle, a key supporter of the USDC stablecoin, said in regulatory filings that it received an “investigative subpoena” from the SEC’s Enforcement Division in July 2021. That subpoena requests “documents and information regarding certain of our holdings, customer programs, and operations,” the filing said. Source
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SoftBank Group Corp (SFTBY), the parent company of Fortress Investment Group is expected to lose $12.5 billion for the fiscal year that ended in March, per an April 13 report from Bloomberg.WeWork — $24 billion lossIt seems that Vision Fund is the main culprit of the anticipated loss. SoftBank
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British telecom giant Vodafone is the latest firm to pull out of the Libra Association, the non-profit body overseeing the Facebook-led digital coin, bringing the total number of early backers to withdraw from the project to eight. Vodafone Walks Away Both Vodafone and Libra confirmed the news last week with the departure
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Japanese financial services group Tokai Tokyo is the latest large Asian financial institution to back tokenized securities platform iSTOX. Source
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Libra, the underfire planned cryptocurrency led by Facebook (NASDAQ:FB), has been dominating headlines in the world of crypto for all the wrong reasons. Regulators on both sides of the Atlantic have been staunchly opposed to the development of the coin, labeling it a threat to the economic and monetary sovereignty
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