South Korean Upbit crypto exchange faces monopoly probe
South Korea’s FSC will reportedly investigate Upbit’s relationship with its bank partner K-Bank amid the latter’s IPO, which is expected in late October. Go to Source
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G7 antitrust watchdogs signal possible action on AI sector competition
The G7 nations want to ensure AI isn’t used to facilitate “collusion” between AI firms that could lead to the sharing of sensitive information or forming a monopoly. Go to Source
DOJ sues Visa over alleged payments monopoly
The suit alleges that Visa purposely made it difficult for competitors to participate in the payments market. Go to Source
Breaking the Barriers of Traditional Banking With Digital Assets
Another one bites the dust! The banking industry in the United States is in trouble, and regional banks are feeling the squeeze. A number of banks have failed recently due to mismanagement, poor risk management, and other factors which are leading to bailouts and buyouts from large players. They’re consolidating with larger banks faster than … Read more
4 Years After the 2017 Law Enforcement Takedown, Alphabay Is Once Again the King of Darknet Markets
Following the demise of the largest darknet marketplace (DNM) in mid-July 2017, the underground market Alphabay returned in August 2021, and during the last year, Alphabay has managed to once again regain its position as the world’s top DNM. Furthermore, Alphabay relentlessly conducted business amid a domino effect of DNMs folding last year and throughout … Read more
OCC Wants to End Banks’ Discrimination of Disfavored Businesses Including Crypto Companies
The OCC is proposing a rule change that compels large U.S. banks to offer and provide fair access to financial services to anyone that wants them. The proposition seeks to clarify the obligation of large banks to provide fair access to financial services in a manner consistent with the Dodd-Frank Act’s mandate. Discrimination Against Disfavored … Read more
Monopoly Darknet Market Bans Vendors Peddling a Coronavirus Cure
The coronavirus crisis has created shockwave after shockwave across different industries. Even darknet market operators are cracking down on anyone selling necessary supplies or potential cures for COVID-19. Monopoly is one of the many darknet markets still in operation today. There is no Confirmed Coronavirus Cure yet While it allows for the sale of virtually … Read more
Brave Challenges Google’s Advertising Power Before the UK Competition Watchdog
The company behind the privacy-oriented browser Brave has set out to convince regulators in the U.K. to end Google’s advertising monopoly in the digital space. In a filing with the country’s Competition and Markets Authority (CMA), Brave puts forward recommendations on how to “neutralize” the tech giant’s “unfair data advantage.” Also read: Google Executive From … Read more
Darknet Users Discuss the Connection Between DDoS Attacks and Exit Scams
During the last few weeks, a number of darknet markets (DNMs) like Dread and Empire have been attacked relentlessly with heavy DDoS attacks. Meanwhile, reports disclose that Apollon is allegedly pulling an exit scam in the same fashion as Nightmare Market did last year. Darknetstats.com details that Apollon remains online and is accepting bitcoin deposits … Read more
Monopoly Is a Tiny Darknet Market With Big Aspirations
There’s a certain irony in the smallest market on the darknet being named Monopoly. With less than 150 listings, the monero-friendly Monopoly Market is anything but. What this tiny darknet market (DNM) lacks in size, however, it makes up for in spirit. The cypherpunk ethos permeates this nascent market where sovereign individuals can exercise their … Read more
