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  • Reuters

    Stablecoin Tether steps up monitoring in bid to combat illicit finance

    The world's largest stablecoin, Tether, has stepped up monitoring of how its tokens are used in broader crypto markets and payments in a bid to combat illicit finance, Tether said in a statement on Thursday. Tether, a cryptocurrency pegged to the U.S. dollar, and blockchain analytics company Chainalysis have launched new tools to identify transactions associated with sanctioned entities and analyse the activity of major holders of the token, Tether said. Last month, Reuters reported that Venezuela's state-run oil company PDVSA planned to increase use of Tether in its crude and fuel exports at a time when the U.S. has reimposed oil sanctions.

  • Reuters

    Egan Jones recommends Ancora's board nominees in Norfolk Southern proxy fight

    Proxy advisory firm Egan Jones said on Thursday that it recommended Norfolk Southern shareholders vote for activist investor Ancora's nominees to the company's board and backed a CEO change at the railroad. The advisory firm said it favored Ancora's plan to replace the company's current CEO Alan Shaw with former UPS executive Jim Barber and elect seven of its candidates to the railroad's 13-member board.

  • PA Media: Sport

    Everything to play for as Jak Jones fightback adds to intrigue at Crucible

    Jones hit back strongly against 2015 champion Stuart Bingham while Kyren Wilson is battling hard with David Gilbert.