February 2024 - cypherpunks - lists.cpunks.org

Exxon Wants To Press Forward With Activist Investor Case
by Gunnar Larson 24 Feb '24

24 Feb '24

Exxon Wants To Press Forward With Activist Investor Case <https://www.law360.com/compliance/articles/1805853?nl_pk=ab5ce197-c1fb-4d8e…> By Jessica Corso ExxonMobil Corp. says it should be allowed to move forward with a lawsuit against a pair of activist investors who proposed that the company speed up the pace of its greenhouse gas emission reductions, arguing that the investors' decision to withdraw the proposal will not prevent a similar one from being filed in the future. Memorandum attached | Read full article » <https://www.law360.com/compliance/articles/1805853?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/1805853?nl_pk=ab5ce197-c1fb-4d8e…>

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FTX Can Cash Out $500M Investment In AI Biz To Fund Ch. 11
by Gunnar Larson 24 Feb '24

24 Feb '24

FTX Can Cash Out $500M Investment In AI Biz To Fund Ch. 11 <https://www.law360.com/mergersacquisitions/articles/1805893?nl_pk=a34c25b5-…> By Vince Sullivan Insolvent cryptocurrency exchange FTX Trading Ltd. received a Delaware bankruptcy judge's approval Thursday to sell off its equity stake in an artificial intelligence technology company launched by former members of OpenAI that FTX purchased for $500 million in 2021. Read full article » <https://www.law360.com/mergersacquisitions/articles/1805893?nl_pk=a34c25b5-…> | Save to favorites » <https://www.law360.com/mergersacquisitions/articles/1805893?nl_pk=a34c25b5-…>

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IRS Agent, Gov't Attys Immune From RICO Suit, Judge Says
by Gunnar Larson 24 Feb '24

24 Feb '24

IRS Agent, Gov't Attys Immune From RICO Suit, Judge Says <https://www.law360.com/legalethics/articles/1805822?nl_pk=153d4a8a-6fb9-4a5…> By Anna Scott Farrell An Arizona federal judge dismissed a $15 million lawsuit against an Internal Revenue Service agent and two assistant U.S. attorneys brought by an investment adviser convicted of filing false tax returns, saying Thursday the government employees were immune from claims that included racketeering and malicious prosecution. Order attached | Read full article » <https://www.law360.com/legalethics/articles/1805822?nl_pk=153d4a8a-6fb9-4a5…> | Save to favorites » <https://www.law360.com/legalethics/articles/1805822?nl_pk=153d4a8a-6fb9-4a5…>

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Lawmakers Press Big Banks On Muslim Discrimination Claims
by Gunnar Larson 24 Feb '24

24 Feb '24

Lawmakers Press Big Banks On Muslim Discrimination Claims <https://www.law360.com/capitalmarkets/articles/1805969?nl_pk=abe82add-2a33-…> By Sarah Jarvis A group of five Democratic lawmakers on Thursday pressured the leaders of JPMorgan Chase, Bank of America, Wells Fargo and Citibank for information on how they work to prevent discrimination in banking, pointing to media reports of "de-risking" practices that target Muslim Americans. Letter attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1805969?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1805969?nl_pk=abe82add-2a33-…>

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Mastercard Faces Monopolization Claims Over Digital Tokens
by Gunnar Larson 24 Feb '24

24 Feb '24

Mastercard Faces Monopolization Claims Over Digital Tokens <https://www.law360.com/competition/articles/1806026?nl_pk=6416fd97-1dc4-4e0…> By Hailey Konnath Mastercard has been stonewalling digital wallet startup OV Loop, refusing to provide needed tokens and thereby excluding OV Loop from the mobile payment services market, all part of Mastercard's effort to maintain its chokehold on payment processing and continue to charge supracompetitive fees on transactions, according to a suit filed Wednesday. Complaint attached | Read full article » <https://www.law360.com/competition/articles/1806026?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1806026?nl_pk=6416fd97-1dc4-4e0…>

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Microsoft Will Use Intel to Manufacture Home-Grown Processor
by pro2rat＠yahoo.com.au 24 Feb '24

24 Feb '24

On indulgence I'll take this crisis in Shawn's pantyhose as an opportunity to shake down these two silicon valley sharks. If folks at Intel and MS don't want to wind up like Mongo and/ or Bill Henry they will pledge 10 million USD each on Thiel, Zuckface and Musk. Decent sized bounties like this should concentrate their minds wonderfully. Like it or not assassination markets are a key part of the coming globalized anarchism. APster dead pools may be safe, legal and rare. Maybe. Maybe go fuck yourselves.

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HHS' Civil Rights Office Reaches 2nd-Ever Ransomware Deal
by Gunnar Larson 23 Feb '24

23 Feb '24

HHS' Civil Rights Office Reaches 2nd-Ever Ransomware Deal <https://www.law360.com/compliance/articles/1805457?nl_pk=ab5ce197-c1fb-4d8e…> By Gianna Ferrarin The Department of Health and Human Services has reached a deal with a Maryland-based behavioral health practice over a ransomware attack that affected the protected health information of nearly 15,000 individuals. Read full article » <https://www.law360.com/compliance/articles/1805457?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/1805457?nl_pk=ab5ce197-c1fb-4d8e…>

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BofA Pulling Fast One To Exit Gag Clause Suit, Customers Say
by Gunnar Larson 23 Feb '24

23 Feb '24

BofA Pulling Fast One To Exit Gag Clause Suit, Customers Say <https://www.law360.com/fintech/articles/1805783?nl_pk=d2b3e7ef-ab62-4a62-80…> By Katryna Perera Consumers suing Bank of America for allegedly trying to stifle consumer critics through clauses in its online service agreements have urged a California federal judge not to toss their suit, arguing the bank's dismissal arguments are without legal merit, factually incorrect and "intended to mislead." Memorandum attached | Read full article » <https://www.law360.com/fintech/articles/1805783?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1805783?nl_pk=d2b3e7ef-ab62-4a62-80…>

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YouTube Privacy Judge 'Flummoxed' By Kids' Liability Theory
by Gunnar Larson 23 Feb '24

23 Feb '24

YouTube Privacy Judge 'Flummoxed' By Kids' Liability Theory <https://www.law360.com/technology/articles/1805735?nl_pk=2bd720dd-746c-4744…> By Dorothy Atkins A California federal judge indicated Thursday that she's open to trimming a revived proposed class action alleging Google and companies that host child-friendly YouTube channels illegally collected children's data from targeted ads, expressing concerns about the requested relief and saying she's "flummoxed" by the consumers' belated liability theory against the channels' owners. Read full article » <https://www.law360.com/technology/articles/1805735?nl_pk=2bd720dd-746c-4744…> | Save to favorites » <https://www.law360.com/technology/articles/1805735?nl_pk=2bd720dd-746c-4744…>

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Max Keiser Warns of Government Seizing Bitcoin in ETFs — Predicts 1987-Style Crash as BTC Rises to $500K – Markets and Prices Bitcoin News
by Gunnar Larson 23 Feb '24

23 Feb '24

https://news.bitcoin.com/max-keiser-warns-of-government-seizing-bitcoin-in-… Max Keiser Warns of Government Seizing Bitcoin in ETFs — Predicts 1987-Style Crash as BTC Rises to $500K Bitcoin proponent Max Keiser has warned of potential government seizure of bitcoin held in spot exchange-traded funds (ETFs). He additionally issued a stark warning about a looming 1987-style crash, while simultaneously predicting that the bitcoin’s price will surge past $500,000. Max Keiser’s Crash and Bitcoin Seizure Warnings Bitcoin advocate Max Keiser expressed concerns about spot bitcoin exchange-traded funds (ETFs) and a potential market crash while sharing a bold BTC price prediction on social media platform X this week. He wrote on Wednesday: 1987-style crash coming. Bitcoin, the ultimate safe haven, will soar past $500,000. Gold will continue getting demonetized by bitcoin. BTC ETF’s (& domestic BTC miners) will get seized by U.S. government. On Thursday, Keiser commented on New York Attorney General Letitia James’ potential move to seize assets from former U.S. President Donald Trump if he fails to pay the $355 million penalty. He explained that if the authorities can seize Trump’s assets, then they “can certainly seize” bitcoin held by spot bitcoin ETFs as well as “commandeer U.S. BTC miners.” He then advised investors to self-custody their bitcoin or they may lose them. Max Keiser Warns of Government Seizing Bitcoin in ETFs — Predicts 1987-Style Crash as BTC Rises to $500K Governments around the world regularly seize bitcoin held on centralized crypto exchanges, with the U.S. government being one of the top confiscators, often as part of criminal investigations. Several other countries have also been active in seizing cryptocurrencies, as evidenced by the U.K. police‘s recent disclosure of a 61,000 BTC seizure from a major Chinese investment fraud and German authorities‘ January report of a 50,000 BTC seizure. Meanwhile, spot bitcoin ETFs have hit record trading volumes since they launched in early January. Microstrategy’s executive chairman, Michael Saylor, said last week that bitcoin has become “the world’s most popular investment asset.” Coinbase is the custody of eight out of 11 spot bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC). “What’s even more important is that every institution is now starting to hold crypto, the asset class will be a standard part of every diversified portfolio,” Coinbase CEO Brian Armstrong said last week. Many investors believe the combined factors of growing demand for spot bitcoin ETFs and the approaching Bitcoin halving will significantly boost BTC’s price. Fundstrat’s head of research foresees bitcoin hitting $150K this year. He calls BTC “sound money.” Rich Dad Poor Dad author Robert Kiyosaki expects bitcoin’s price to reach $100K by June this year.

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