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SK and LG Settle 2-one year Battery Dispute

SK and LG Settle 2-one year Battery Dispute

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SK and LG like reached a multi-billion settlement to remain a exact dispute in the U.S. that has dragged on for the last two years and threatened the long bound of a half-built SK battery factory there.SK Innovation can pay LG Vitality Resolution W1 trillion in money and one other W1 trillion in royalties (US$1=W1,121). The agreement came precise a day before U.S. President Joe Biden used to be to think on vetoing a ruling by the World Substitute Commission that bans SK from importing rechargeable automobile batteries into the U.S. for 10 years. The settlement successfully voids the ITC's ruling and enables SK to continue constructing the battery factory in the U.S. insist of Georgia.The 2 firms in a joint commentary on Sunday talked about they "w...

Visa to settle transactions in USDC on Ethereum blockchain

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Visa has turn out to be the principal leading payments network to toughen the USDC stablecoin and ought to aloof use it to settle transactions on the Ethereum blockchain Visa has turn out to be the principal leading payments network on the earth to toughen the USDC stablecoin. The company presented this the day past, pointing out that it could in reality presumably well settle payments in USDC coins on the Ethereum blockchain. In a press open the day past, Visa acknowledged that its relate acceptance of the USDC coin would forge new connections between cryptocurrencies and fiat currencies. Unless this moment, Visa settled transactions in fiat currencies simplest. The company acknowledged that it could in reality presumably well birth with Crypto.com and lengthen its products and compani...