EUR/USD 1.15853
-0.568%
Gold 4458.14
-3.118%
Oil 82.713
-0.301%
USD/JPY 160.075
0.430%
GBP/USD 1.35378
-0.402%
GBP/JPY 216.693
0.027%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The European-Mediterranean Seismological Centre reported that a 4.9-magnitude earthquake struck off the coast of Northern California, USA, at a depth of 10.0 kilometers.August 29th - US President Trump: New York Governor Kathy Hozul supports Canada, not the United States, and Canada has been taking advantage of New York for years, especially during her tenure. Can you imagine her saying she doesnt respect or recognize "American Lakes"? This is why the "stupid Democrats" are so harmful to our country. Vote for Bruce Blackman as Governor of New York. He has my complete and utter support and will never let you down!On August 29th, CICC pointed out that Federal Reserve Chairman Warshs speech at Jackson Hole was hawkish: he acknowledged that inflation remained high, clarified that interest rates would remain the primary policy tool, and stated that he would "act as needed." He also cited economic resilience, stable employment, and loose financial conditions as evidence that current policy risks are more skewed towards inflation. He also attributed the 65-month period of excessive inflation to the central bank itself, correcting his ambiguous statement in July that "the market should raise rates in place of the Fed." CICC believes this speech helped rebuild the Feds credibility, and the market began trading on the marginal repair of policy credibility afterward. In the long term, Warsh still maintains that AI may reshape the economic and policy framework and continues to push for reforms such as reducing forward guidance. For the market, this statement increased the probability of a Fed rate hike this year, but even so, it is not necessarily purely negative. The market currently does not lack liquidity, but rather policy discipline and predictability. As long as inflation can be suppressed in a timely manner, it will actually benefit the market in the medium term.August 29th - According to the latest data released by the Nepalese police, as of 6:00 AM local time on the 29th, the death toll from flash floods in northern Nepal has risen to 616. Flash floods struck the Rasuwa district in northern Nepal on the 26th. On the 26th, the Nepalese government decided, in accordance with relevant laws, to designate some local administrative units in the affected areas as disaster crisis zones for a period of three months, in order to concentrate relief resources, strengthen personnel management, and advance post-disaster recovery work.On August 29, U.S. Central Command Commander Brad Cooper stated on August 28 that approximately 50,000 U.S. troops are currently deployed in the Middle East, many of whom are enforcing the naval blockade against Iran. He also stated that since the blockade was reinstated in mid-July, more than 20 warships have been maintaining it.

U.S. Supreme Court agrees to hear Coinbase arbitration dispute

Skylar Shaw

Dec 12, 2022 15:34

微信截图_20221212095456.png


While Coinbase appeals judges' decisions declining to order its users to arbitrate their claims, the justices decided to take into account whether two planned class actions by customers suing Coinbase might proceed.


Neal Katyal, an attorney for Coinbase, said in a statement, "We are pleased the Supreme Court agreed to consider our appeal, and we look forward to its determination of this matter."


The Federal Arbitration Act, a U.S. law, mandates that agreements clients sign to bring legal claims against businesses in private arbitration be upheld in accordance with their contractual provisions.


Business organizations claim that arbitration is a speedier and more effective option than filing a lawsuit. Plaintiffs' attorneys contend that arbitration benefits businesses and that bringing class-action lawsuits in court on behalf of bigger groups of people gives consumers more clout and access to a wider range of remedies.


A customer named Abraham Bielski claimed in one of the lawsuits before the Supreme Court that he was deceived into granting access to his Coinbase account to a con artist who then stole more than $31,000 from him.


Bielski filed a lawsuit against Coinbase, claiming that the business must credit users' stolen cryptocurrency in accordance with the Electronic Funds Transfer Act.


Another California case was a lawsuit filed by former Coinbase customers who claimed they were tricked into spending $100 or more to enter a sweepstakes that offered the possibility to win prizes worth up to $1.2 million in Dogecoin.


Judges in both instances rejected Coinbase's claims that its user agreements forced customers to pursue their claims in arbitration.


In San Francisco, Coinbase contacted the 9th U.S. Circuit Court of Appeals to halt the trial court proceedings so that it could pursue appeals, but the court denied its pleas.


A trial judge paused the sweepstakes lawsuit's proceedings while the company's appeal was pending after Coinbase requested that the Supreme Court consider the case, but Coinbase said the decision shouldn't exclude its Supreme Court appeal.


Bielski's attorney, Hassan Zavareei, said in a statement that the case offers the Supreme Court an opportunity to overturn lower courts "that have developed unique criteria to promote arbitration over litigation."


"Corporations like Coinbase shouldn't be permitted to slow-roll litigation through unique automatic stays that appear nowhere in the Federal Arbitration Act," he said. "These companies want to push consumers into arbitration and district courts reject the endeavor."


In the sweepstakes case, the Coinbase users' attorney, David Harris, expressed excitement about tackling the issue and "perhaps obtaining a beneficial result for plaintiffs in numerous types of civil lawsuits across the country."


Suggestion