Lawsuit Filed Against Walmart For Allegedly Dumping Hazardous Waste ⚠️

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Lawsuit Filed Against Walmart For Allegedly Dumping Hazardous Waste ⚠️

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On December 27, California filed a lawsuit against retail giant Walmart for allegedly disposing hazardous waste at landfills across the state.

The lawsuit has accused Walmart of illegally dumping 159,000 pounds of hazardous waste a year in landfills that are not capable of handling harmful materials like lithium batteries, pesticides, cleaning supplies, etc.

Additionally, the complaint also accuses Walmart of breaking California’s environmental laws for the past six years. Walmart also dumped confidential customer information at these landfills, claims the lawsuit.

Walmart spokesperson Randy Hargrove called the lawsuit unfair and said the company would fight it. 

“We have met with the state numerous times to walk them through our industry-leading hazardous waste compliance programs in an effort to avoid litigation, but instead, they filed this unjustified lawsuit,” Hargrove said in a statement.

He added, “The state is demanding a level of compliance regarding waste disposal from our stores of common house-hold products and other items that goes beyond what is required by law. We intend to defend this company.”

Binance Gets Regulatory Approval From Canada 🇨🇦 And Bahrain 🇧🇭

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Cryptocurrency exchange Binance has secured regulatory approval to offer crypto services in Canada and Bahrain.

Binance, which is the world’s largest cryptocurrency exchange by trading volume, has received an MSB license to provide cryptocurrency services in Canada. 

The company will be incorporated as Binance Canada Capital Markets and will be operating as a Money Service Business (MSB), allowing transactions in digital assets, foreign exchange, and money transfers.

Following the approval, Binance CEO Changpend Zhao, or CZ, posted a Tweet confirming the approval.

In addition, Binance has also secured an in-principle license by the Central Bank of Bahrain to operate as a digital asset service platform in the Kingdom of Bahrain. 

With this, Binance has become the first company to get in-principle approval in the Middle East and North African region. 

CZ confirmed the licensing on Twitter saying, “Boom. Binance Awarded In-Principle Approval as a Crypto-Asset Service Provider in the Kingdom of Bahrain | Binance Support.”

On the back of these developments, it looks like Binance is once again attempting to grow its footprint globally.

Neobanking Startup Jupiter Raises $86 Million in Series C Funding 💰

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Indian-based neo-banking startup Jupiter has raised $86 million in a Series C funding round.

The funding was led by QED Investors and Sequoia Growth Fund. The round also saw participation from existing investors Tiger Global, 3one4 Capital, Matrix Partners, and BEENEXT.

Founded in 2019 by Jitendra Gupta, Jupiter is a digital banking platform that helps users to open a bank account digitally. 

The startup also offers Visa debit cards and insights on consumer spending in partnership with Federal Bank and Axis Bank.

The startup has depended on an invite-only model to create interest among users. The beta version of the app was released in June.

Jupiter will invest the latest proceedings in customer acquisition. The company is presently adding thousands of new customers every day, and it aims to onboard more than 1 million accounts in the next four months. It is also looking to expand into lending services next year.

Zoom Acquires Software Assets of Liminal to Boost Virtual Events Offerings 📹

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Video-conferencing platform Zoom has acquired Zoom-based broadcast tools from virtual event production startup Liminal.

The solutions offered by Liminal are largely built on Zoom’s software development kit and include the ZoomISO and ZoomOSC apps. 

The ZoomOSC app integrates Zoom with third-party software and hardware and is specially designed to improve professional meetings and events. 

On the other hand, the ZoomISO app creates individual video outputs of the users in a Zoom meeting, allowing them to export them as a separate output.

Following the acquisition, Liminal's co-founders Andy Carluccio and Jonathan Kokotajlo will also join Zoom.

In a blog post, Zoom said the acquisition of Liminal's assets will “help bridge Zoom with traditional and emerging event control applications and hardware to help theaters, broadcast studios, and other creative organizations address complex technical production needs, and collaborate and create online effectively.”

In addition, the company also plans to expand its platform capabilities and wants to cover other services like editing, creative production, customizable live event experiences with robust pre-event planning, in-event management, and post-event analytics.

Around the Web 🌐

Logistics as a Service Company KlearNow Raises $50 Million: KlearNow, the smart logistics-as-a-service (LaaS) company, has raised $50 million in its Series B funding round. The funding was led by Kayne Partners Fund and also saw participation from existing investors GreatPoint Ventures, Argean Capital, and Autotech Ventures, and new investor Activate Capital.


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