Tag Archives: breaching

LONDON, July 26 (Reuters) – Russia’s competition watchdog fined Alphabet’s Google (GOOGL.O) 2 billion roubles ($34.2 million) on Tuesday for abusing its dominant position in the video hosting market, the regulator said in a statement. The decision is the latest multi-million dollar fine as part of Moscow’s increasingly assertive campaign against foreign tech companies. The Federal Antimonopoly Service (FAS) said the company had “abused its dominant position in the YouTube video hosting… Source link

Bitcoin continues to fall, extending its losses from the past week. The largest cryptocurrency by market value dropped 4% in the last 24 hours, according to CoinGecko, breaching a key support level and hitting a daily low of $34,406. It’s currently trading at around $34,519, down 9% in the last seven days and down 40% year to date. Ether, the second-largest, is also in the red, down 6% in the last day and down 7.4% in the last week. Overall, the cryptocurrency market is taking a hit, down 4.2%… Source link

(Bloomberg) — Just days after launch, the first U.S. Bitcoin futures exchange-traded fund risks becoming too popular for its own good. Most Read from Bloomberg The Proshares Bitcoin Strategy ETF (ticker BITO) is already on track to breach a limit on the number of futures contracts it is permitted to hold by the Chicago Mercantile Exchange, according to data compiled by Bloomberg. After two days trading BITO owns nearly 1,900 contracts for October, and CME rules cap the number of front-month… Source link

MOSCOW, June 30 (Reuters) – Russia has opened an administrative case against Google for not storing the personal data of Russian users in databases on Russian territory, a move that could see the tech giant fined, communications regulator Roskomnadzor said on Wednesday. Roskomnadzor said it was also waiting for Facebook (FB.O) and Twitter (TWTR.N) to respond to a demand that they localise similar data by July 1 or face fines, part Moscow’s wider efforts to exert greater control over Big Tech…. Source link