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Tech News: 5 Things to Know in Australia Today
From a former crypto boss on the no fly list to Microsoft working on upscaling, here are five things headlining tech news in Australia.
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The SEC Is Reportedly Probing Elon Musk and His Brother Over Sale of Tesla Shares
It has been reported the U.S. SEC is investigating whether recent shares sales by Tesla CEO Elon Musk and his brother Kimbal violated insider-trading rules.
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Ripple Claims Bitcoin Is ‘Chinese-Controlled’ While Announcing New Lawsuit From SEC
The Securities and Exchange Commission plans to sue Ripple in federal civil court for selling unregistered securities, according to a news release published online by the cryptocurrency company late Monday. Ripple defended its cryptocurrency, known as XRP, as a valid currency but then drifted into conspiracy-laden language, saying that competitor coins like bitcoin and ethereum…
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WeWork Is Now Dealing With A US Federal Investigation
However WeWork may be defined—transformative office space startup or cult-like Silicon Valley unicorn—the U.S. Securities Exchange Commission reportedly believes the company warrants inquiry. Sources familiar with the matter told Bloomberg the SEC has begun scrutinizing the corporation over concerns that investors may have been misled ahead of WeWork’s disastrous initial-public-offering-that-wasn’t.