Wednesday, September 22, 2021
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AMZN Stock Down 1%, Amazon Wins Appeal against EU, Commission Could Not Prove Illegal Tax Advantage

Amazon shares have seen a steady decline. AMZN stock has dropped more than 1% year-to-date and declined 1.17% in the last three months.E-commerce company Amazon.com Inc (NASDAQ: AMZN) has eventually won the legal battle against the European Commission (EU) regarding the payback of $303 million in taxes. Now, Amazon will

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EU securities regulator warns about risks of ‘non-regulated’ cryptos

The European Securities and Markets Authority, the European Union's independent financial authority, has warned about the high risk of cryptocurrency investment.In its latest “Trends, Risks and Vulnerabilities” report published Wednesday, the ESMA analyzed the impact of COVID-19 on financial markets, highlighting the increased risks linked with investment in “non-regulated crypto-assets.”The

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EU appoints major finserv firm to lead blockchain social media project

The executive body of the European Union has appointed a major financial services firm to lead a three-year initiative aimed at boosting the integrity of social media posts using blockchain technology.Dubbed “TruBlo,” the project will oversee a wealth of blockchain development as part of the European Commission’s Next Generation Internet

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Beyond Bitcoin? Little known project jumps 116% on €2.75M EU ‘new money’ grant

A little-known blockchain project more than doubled in value overnight following the announcement of its involvement in a European Union digital economy research program. The spot price for the Ethereum-based Streamr (DATA) token increased 116% leading into Feb. 12, after it was revealed the project would be used as part of

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EU Parliament Receives Petition Seeking to Establish Crypto Crime Victims’ Fund

A petition to the European Parliament hopes to persuade the bloc to provide financial support to victims of cryptocurrency crime.The petition, filed Wednesday by lawyer Jonathan Levy, seeks the implementation of a “regulatory scheme to compensate victims” who were fleeced of digital assets by fraud, hacks and extortion. To date,

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Chasing the hottest trends in crypto, the EU works to rein in stablecoins and DeFi

In cryptoland, the fall tends to be regulators’ open season. As unprecedented as it’s been, 2020 is no exception to this trend. Tensions are high on both sides of the Atlantic: As markets were still processing the news of the United States Commodity Futures Trading Commission cracking down on derivatives

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