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As Google Turns 25, It Faces The Biggest Tech Antitrust Trial Of A Generation
Last week Google celebrated it's 25th birthday and tomorrow it will face the U.S. government and sure to be bombarded with hard questions about how it orchestrated its dominance of internet search.
The showdown between U.S. et al v. Google is the first competition trial of the modern internet era and it is the most notable tech antitrust case since Microsoft, however the landscape is a much-changed arena since then.
Google intend to show their policies of “Making it easier for people to get the products they want benefits consumers and is supported by American antitrust law."
G20 summit agrees on words but struggles on action
The Group of 20 major economies reached a hard-fought compromise over the war in Ukraine. They also papered over other key differences in a summit declaration at the weekend. In reality, they presented very few concrete achievements with its core remit of responses to global financial issues.
A worldwide lithium shortage could come as soon as 2025
With an ever-increasing demand for lithium and with there only being 101 lithium mines in the world, the general consensus is that there will be a huge deficit by the end of the decade.
However, several analysts including BMI, a Fitch Solutions research unit predict a lithium supply deficit by 2025.
Congressman Tom Emmer says he’s backing plans to create an amendment that would restrict the amount of funds that the U.S. Securities and Exchange Commission (SEC) spends on regulating digital assets.
The majority whip of the U.S. House of Representatives Tom Emmer tells his followers on X (formerly Twitter) that SEC Chair Gary Gensler has overstepped his power and is “weaponizing” tax dollars with the regulator’s enforcement actions.
This all adds up to some of the reasons that he is planning to sponsor an appropriations amendment which is intended to restrict the SEC’s use of funds on digital asset enforcement until there are clear rules and regulations in place.
FTX Holds $560,000,000 in Bitcoin and $1,162,000,000 in Solana, Court Documents Reveal
Just how much in the way of cryptocurrencies the bankrupt crypto exchange FTX was still holding had been up in the air.
However crypto reporter Colin Wu shared on the social media platform X that, FTX was still holding almost $2 billion in Solana (SOL), Bitcoin (BTC), and Ethereum (ETH) alone. The fill list of assets can be seen to reach over $3 billion.
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