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In the wake of a report by the Alphabet (Google) workers' union, the tech giant finds itself under severe scrutiny due to allegations of violating U.S. labor laws.
According to the grievance lodged, Alphabet unlawfully terminated contracts due to union-organizing activities involving a substantial number of employees, including developers of an AI chatbot. Should these charges be corroborated, they could spell considerable legal and reputational ramifications for the company.
"It’s obvious that this timing is incredibly suspicious, and that is why we are filing an unfair labor practice charge — to hold Google and Accenture accountable for their behavior," declared Anjail Muhammad, a former Google employee. Cryptocurrencies Trapped by High Interest Rates
Analytical company Nansen has issued a report examining the impact of inflation on both the traditional and cryptocurrency markets. Their experts forecast global growth following the conclusion of the era marked by interest rate hikes and the implementation of transparent regulation.
The United States Government Accountability Office (GAO) has published a report suggesting that a more robust regulatory framework is required for the use of blockchain in finance.
The report highlighted the lack of regulation around crypto asset trading platforms and stablecoins and identified non-security crypto asset spot markets as the main regulatory gap. According to the GAO, Congress could address these issues by designating a federal regulator to oversee these markets.
Moreover, the report suggests a need for more regulatory coordination and proposes the establishment of a formal mechanism to identify risks and respond to them within an agreed timeframe.
The Solana Foundation has released a report emphasizing enhanced performance metrics of its blockchain. These cover a range of aspects, including block time, TPS, and network uptime.
Solana experienced only one outage in Q1 2023. Since February 25, the network has been running seamlessly.
According to Dune Analytics, Solana can handle around 3780 transactions per second. Escalating Crypto Scams Opt for Alternatives, Deserting Bitcoin
TRM Labs, a premier blockchain analytics company, has issued its "2022 Illicit Crypto Ecosystem Report," providing an in-depth examination of the various scams prevalent within the cryptocurrency landscape. We take a look at the crucial takeaways. SEC Approval of Bitcoin ETF Won't Shift the Game, Say JPMorgan
In a recent report, JPMorgan expressed a measured outlook on the influence a spot bitcoin exchange-traded fund (ETF) would have on cryptocurrency markets, even if the U.S. Securities and Exchange Commission (SEC) gives it the green light. The financial institution pointed out that while the approval of such an ETF is eagerly awaited, it may not be the market-altering event some anticipate. Hong Kong HSBC Customers Gain Access to Crypto ETFs
HSBC Hong Kong, a part of the Hong Kong and Shanghai Banking Corporation, has launched its first cryptocurrency services. The bank is now allowing its customers to buy and sell exchange-traded funds (ETFs) based on Bitcoin and Ethereum, according to a report by local journalist Colin Wu on June 26. The Future of Money is Tokenization, Says BIS Report
Switzerland-based monetary authority, the Bank of International Settlements (BIS), has made public its plan to build a global "unified ledger" to facilitate Central Bank Digital Currencies (CBDCs) and tokenized assets. Even though it acknowledges the potential of tokenization, BIS has expressed its misgivings about decentralized cryptocurrencies. 










