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Parler Sues Amazon After Being Booted Off Cloud

Conservative social network Parler is suing Amazon after the eCommerce giant’s web services division abruptly pulled the plug on cloud hosting for the startup, The Wall Street Journal reported on Monday (Jan. 11). In a complaint filed Monday in Seattle federal court, Parler alleged that the action by Amazon Web Services (AWS) was due to politics and competition. AWS effectively brought Parler’s operations to a standstill after...

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Ripple Sued By Investor Over SEC Troubles

Ripple Labs, which makes the XRP token, was sued by investor Tetragon Financial Group after the U.S. Securities and Exchange Commission (SEC) said virtual tokens were sold improperly, Bloomberg reported Tuesday (Jan. 5). Tetragon, in filings that are public, said it wants to “enforce its contractual right to require Ripple to redeem” Series C preferred stock held by Tetragon and to block Ripple from using any cash or other liquid...