Ola, the Indian ride-hailing company backed by SoftBank, has been denied a license to enter the London taxi market, Reuters reported. The move is a setback for SoftBank, which is grappling with a series of failed investments such as WeWork and a global recession, which has created uncertainties for the operations and share prices of its Vision Fund portfolio companies. London’s public...
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Crypto Global crypto
Breaking Down the SEC’s Double Whammy
The Securities and Exchange Commission started the week off with a one-two punch, filing lawsuits against Binance on Monday and Coinbase on Tuesday. The sweeping lawsuits shared some key charges, including that each company operates an unregistered securities exchange, but the Binance lawsuit contained other damning allegations, including that Binance and its CEO Changpeng Zhao...
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