Facebook says it’s open to advertising u-turn for the EU elections, enabling cross-border campaigns – TechCrunch

Facebook’s VP of global affairs and communications, Nick Clegg, today said the social network — likely in response to pressure from European officials — is “open” to changing its rules on election advertising for European Union elections that will take place on May 23, by allowing cross-border campaigning rather than requiring those running ads in…

New York Attorney General probes crypto exchange Bitfinex over alleged $850M fraud – TechCrunch

In what seems like a historic moment in crypto, New York State Attorney General (NYSAG) office has announced that it is investigating iFinex, the company behind exchange Bitfinex and stablecoin Tether, over an alleged $850 million fraud. Attorney General Letitia James’ office said on Thursday that it is looking how the company (apparently) lost $850 million…

U.S. slams Alibaba and its challenger Pinduoduo for selling fakes – TechCrunch

China’s biggest ecommerce company Alibaba was again on the U.S. Trade Representative’s blacklist over suspected counterfeits sold on its popular Taobao marketplace that connects small merchants to consumers. Nestling with Alibaba on the U.S.’s annual “notorious” list that reviews trading partners’ intellectual property practice is its fast-rising competitor Pinduoduo . Just this week, Pinduoduo founder…