finance
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Online Games Act Like Unregulated Banks, And The US Gov Has Noticed
Game companies have been amassing wealth and building payment processes like banks, but don’t play by the same rules. Regulators have noticed.
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Former OpenSea Product Manager Arrested And Charged In Alleged NFT Insider Trading Scheme
Former OpenSea product manager Nate Chastain was arrested by the FBI early Wednesday morning in New York City and charged with wire fraud and money laundering in connection with an elaborate NFT insider trading scheme.
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Nendoroid And Figma Company Sued Over Mistreatment, Sexualised Toys
In 2020, popular figurine manufacturer Good Smile Company sued two former vice presidents, Guy Brand and James Young-sik Kim, for competing with its merchandise business while employed at GSC. In response, the former employees have filed a cross-complaint claiming that GSC actively profited from sexualising underage characters, discriminated against non-Japanese employees, evaded taxes, and funded…
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Even The U.S. Justice Department Is Looking Into The GameStop Stock Fiasco
While the dust starts to settle around GameStop’s meme stock phenomenon, investigations into the hedge funds, trading platforms, and the Reddit community that fuelled it are just getting started. Many people have already lost a lot of money, but even more could be on the line if lawmakers and regulatory agencies discover that actual laws…