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Apple Challenges UK's "Backdoor" Order in Court

4 hours ago

March 5th. As per the Financial Times, the UK government has asked Apple (AAPL.O) to establish a "backdoor" within its most secure cloud storage system, iCloud. In reply, Apple is escalating its battle against the UK government by filing a legal appeal in an effort to set aside this order. According to those with knowledge of the matter, Apple has appealed to the Investigatory Powers Tribunal, an independent judicial entity responsible for examining complaints against the UK security services. The tribunal will assess whether the notice issued to Apple by the UK is legal, and if found to be unlawful, it may direct the notice to be annulled. This case is anticipated to reach the court as early as this month. The government may impose restrictions on the case by citing national security. The UK government deems it crucial to break through encryption barriers in systems such as information and backups in order to safeguard the public from terrorism threats and to investigate child sexual abuse.
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Trump to Cut Tariffs on US-Mexico Trade

On March 5th, the US Secretary of Commerce announced that Trump might reduce tariffs on the US and Mexico the next day. (FXStreet)

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The SEC Agrees to Dismiss Lawsuit Against Cumberland DRW

On March 5th, the cryptocurrency trading firm Cumberland DRW announced on the X platform that it has reached a joint application agreement with the U.S. Securities and Exchange Commission (SEC) to withdraw the lawsuit that the SEC had filed. The agreement was tentatively reached by both parties on February 20th and is currently awaiting approval from the SEC Commission. The SEC filed a lawsuit against Cumberland DRW in October of the previous year, accusing it of operating as an unregistered securities dealer and selling more than $2 billion in unregistered securities.

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Thai Police Raid Five Cryptocurrency Firms, Arrest 11

On March 5th, as per Decrypt, the Economic Crime Suppression Division (ECD) of Thailand recently carried out raids on five unlicensed cryptocurrency companies located in Bangkok, Phitsanulok, and Nakhon Sawan. A total of 11 individuals were arrested. This operation focused on illegal cryptocurrency trading activities. The companies involved had an annual transaction volume of up to 1 billion Thai baht (approximately $29.3 million). Police seized 6 computers and relevant evidence on the spot. The arrested individuals included both company executives and ordinary employees. ECD Commander Thatphum Jaruprat stated that the case is still undergoing further investigation, and Thai authorities will continue to combat illegal financial activities to maintain market order.

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Bitcoin Surges Past $88,000

On March 5th, according to HTX market data, Bitcoin rebounded and exceeded $88,000, seeing a 24-hour increase of 1.17%.

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The US and Ukraine are planning to sign a mining agreement, and Trump hopes to announce the Ukraine mining deal during a congressional address.

March 5th - According to sources, the US and Ukraine are planning to sign a mining agreement. Trump has informed his advisors that he intends to announce the Ukraine mining deal during today's congressional address. (Gold10)

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Bitcoin Surges Past $87,000

On March 5th, based on HTX market data, Bitcoin saw a rebound and exceeded $87,000. The 24-hour decline was narrowed to 0.49%.

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