Tag Archives: jump

SEC penalizes Tai Mo Shan for falsely fixing TerraUSD’s $1 peg. The settlement includes a $123M punishment, emphasizing tougher crypto market oversight. The U.S. Securities and Exchange Commission imposed a $123 million fine on Tai Mo Shan Ltd., a subsidiary of Jump Crypto, for misleading investors about the stability of TerraUSD. This algorithmic stablecoin, issued by Terraform Labs, collapsed in May 2022. It brought about a catastrophic loss of $40 billion in investor assets. According to...

Uber wants to increase its investments in the micro-mobility industry, especially in Europe. Apparently they believe that the demand for this kind of service will only increase. “We want to double down on micro-mobility. We have seen how beautifully it works with our core business and ride-sharing, and want to invest more and deeper, especially in Europe,” commented Christian Freese, the head of EMEA at Jump.In 2018, Uber bought Jump – a bike-sharing service based in the U.S. Ever since then...