U.S. authorities take action against Nvidia for allegedly hiding crypto revenue
In an unexpected turn of events, the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) have taken strong measures to support the recently revived class action lawsuit against Nvidia (NASDAQ: NVDA).
Read More...Is Salukis Leading a New Era of Dog Meme Crypto Projects?
A hot new coin that’s catching investor attention in the crypto space is the Salukis token. It’s a groundbreaking meme coin that combines innovation with social impact. Created with the “Good Dogs” theme, the Salukis project has a unique story alongside real-world utility.
Read More...Nvidia’s Troubles Mount As DOJ, SEC Throw Their Weight Behind Class Action Lawsuit Alleging AI Chip Giant Misrepresented Crypto Revenue
The U.S. Justice Department and the SEC have backed the class action lawsuit against AI chip giant Nvidia Corp. (NASDAQ:NVDA) in the Supreme Court, which accused Nvidia of hiding its cryptocurrency revenue. What Happened: The DOJ and SEC are advocating for the continuation of the lawsuit, which was brought against the company in 2018, Cointelegraph […]
Read More...Nvidia Faces Growing Pressure in Crypto Sales Suit Backed by US Justice Department and SEC
Other amicus briefs have also been filed in support of Nvidia investors.
Read More...Brazil tests DeFi elements, compatibility in Drex CBDC pilot
Brazil’s central bank is developing a synthetic central bank digital currency, which aims to blend decentralization, privacy and programmability.
Read More...US government backs lawsuit claiming Nvidia misled investors on crypto mining revenue
The US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have supported a class-action lawsuit against Nvidia, accusing the company of misleading investors. According to court filings, both agencies submitted an amicus brief backing Nvidia investors who allege that the firm misrepresented the impact of crypto mining on its 2017/2018 revenue.
Read More...DOJ and SEC push Supreme Court to revive Nvidia securities fraud lawsuit over crypto claims
Nvidia is back in the spotlight as a class action lawsuit over crypto-related misrepresentation gains new momentum. The US Solicitor General, SEC, and several former officials have called for the case, originally dismissed in 2021, to be reopened.
Read More...SEC and DOJ back Nvidia investor lawsuit over alleged crypto sales misrepresentation
The case underscores the critical role of private securities litigation in ensuring transparency and accountability in tech and crypto sectors. The post SEC and DOJ back Nvidia investor lawsuit over alleged crypto sales misrepresentation appeared first on Crypto Briefing.
Read More...Mark Cuban Reveals Tense Exchange with SEC Chair Gary Gensler
Billionaire entrepreneur Mark Cuban discussed his recent face-to-face meeting with the head of the SEC, Gary Gensler.
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