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Neiman Marcus Looks To Associates For Social Media Commerce

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In an effort to drive sales, a luxury department store chain is connecting customers with their sales associates through personal social media accounts, The New York Post reported. The practice comes as consumers are increasingly favoring social media as a means for exposure to fashion brands and new styles. “A

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India Mulls Requesting eCommerce, Social Media Players To Store Customer Data Locally

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India is mulling the idea of requesting eCommerce and social media companies to only store customer data locally, which could impact the likes of Amazon and Facebook and its WhatsApp messaging service in the country. According to a report in Reuters , the plan was laid out in an updated Draft National Policy.

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Report: TikTok Plans Lawsuit Over US Ban

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11), National Public Radio (NPR) reported, citing a source. NPR reported ByteDance , TikTok’s parent company, will argue Trump’s far-reaching action is unconstitutional because it failed to give the company a chance to respond. The White House declined to comment on the expected litigation, NPR reported.

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Qatar National Bank Reportedly Breached

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Qatar National Bank (QNB) is looking into allegations that the names and passwords of many of its customers were compromised, Reuters reported on Wednesday (April 27). The Doha News website reported that 1.5 The largest lender in the Middle East and Africa by assets may have become the victim of a cybersecurity data breach.

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New Facebook Shops Feature Streamlines Social Commerce

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To enable businesses to more easily list their merchandise on its social media platforms, Facebook has unveiled Facebook Shops. The free feature will allow companies to place product listings on their Facebook Page, Instagram profiles and stories, or in ads, CNBC reported.

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Bitcoin Daily: Binance Tells US Users To Take Out All Funds; OKEx To Reportedly Restart Withdrawals; S Korea Seeks To Postpone Crypto Tax Law; Coinbase To Only Provide IRS Form 1099-MISC

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users by email that they have 14 days to shutter their accounts and take out all their money or have their accounts locked, Decrypt reported. In other news, BTC futures trading platform OKEx indicated that it would provide users who faced difficulty due to the suspension with a combination of renumeration and rewards, Coindesk reported.

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How China Is Clamping Down On Crypto Trading With Social Media

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China’s long-running crackdown on digital currency marches on, with multiple news outlets reporting that their WeChat accounts had been frozen for spreading crypto reports. News came this week that Jinse, an information service that is backed by Node Capital, was among the accounts impacted in the freeze.