-
The funeral services for Jimmy Carter began in DC
US President Donald Trump has appointed the country’s first crypto and artificial intelligence czar, David Sacks. Sacks will work with Trump to shape policies that will help development of the digital currency and artificial intelligence. The Securities and Exchange Commission (SEC) earlier approved investment funds that track price of Bitcoin early last year.
-
Legal experts say that Trump’s conviction won’t lead to a prison sentence
A US jury has found former US President Donald Trump guilty on all 34 felony charges against him in the “hearth money” trial. Trump was found guilty on charges of lying to the US Securities and Exchange Commission (SEC) about a $130,000 (over 94 lakh) payment he made to pornographic actress Stormy Daniels ahead of…
-
The SEC’s new climate disclosure rule is facing legal challenges
US Securities and Exchange Commission head Gary Gensler said that the rule requiring firms to disclose carbon emissions “will allow investors to make decisions about which risks they want to take.” Gensler, who was appointed by President Donald Trump, said that investors will get to decide which risks they would like to take so long…
-
Corporate America has new climate rules, will they be able to reduce global warming?
The US Securities and Exchange Commission (SEC) has finalised new rules that will make it easier for investors to see how their companies are dealing with global climate change. Under the new rules, corporations won’t have to report on the amount of pollution from their operations as well as emissions from their supply chain and…
-
The IPO Filing is missing something for co-founderAlexis Ohanian
Reddit has filed for an Initial Public Offering (IPO) with the Securities and Exchange Commission (SEC) which is likely to value the social media site at about $1 billion. This is the first time Reddit will go public since it was founded in 2003. Founded by Steve Huffman and Alexis Ohanian, Reddit has 72 million…
-
The site is going public and is making it easy to invest
Reddit has filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). Reddit listed data licensing and model training as part of its monetization strategy. “Reddit is one of the most important data sets of just human beings talking about interesting things in the world,” Co-founder and CEO Steve Huffman…
-
Russian SolarWinds hackers accessed emails from Microsoft’s senior leadership
Microsoft revealed it was the victim of an “unsophisticated attack” in August by a Russian government-backed hacking group, called ‘Cozy Bear’, that had tried to break into over 40 organisations through Microsoft Teams chats. In a US Securities and Exchange Commission (SEC) filing, Microsoft said the incident has not had a material impact on its…
-
More Americans will be able to buy new coins because the U.S. has said yes to new funds
The US Securities and Exchange Commission has approved the first-ever exchange-traded fund (ETF) for Bitcoin, the world’s most valuable cryptocurrency. According to Bloomberg, this is the first time a Bitcoin ETF has been approved for trading. The SEC also approved two more Bitcoin-related ETFs, one based on the price of Bitcoin, another based on the…
-
The SEC’s official account was compromised and used to post fake news
The official X account of the US Securities and Exchange Commission (SEC) has been “compromised”, resulting in the publication of an “unauthorized” post, SEC Chair Gary Gensler said. The post was regarding regulatory status of Bitcoin ETFs, a financial product that could allow people to invest in Bitcoin like standard stocks. The post has since…
-
The SEC is against the world’s largest digital currency exchange
The US Securities and Exchange Commission has accused Binance of secretly allowing high-value US customers to trade on its international exchange, which is supposed to be off limits to investors in the country. According to the SEC’s filing, Binance and its CEO hid behind two subsidiaries that controlled US operations independently. It added that they…
-
Kim paid a small fine to the SEC over her social media statements
The US Securities and Exchange Commission (SEC) filed a lawsuit against ‘Keeping Up With The Kardashians’ stars Kim Kardashian and Kourtney Kardashian for promoting Bored Ape NFTs (non-platform investment vehicles). SEC accused them of promoting NFTs without disclosing the source of their funding and in violation of the federal securities laws. The lawsuit was filed…
-
A fraud problem exists in the company, named for the Winklevoss twins
Cryptocurrency exchange FTX Founder Sam Bankman-Fried has pleaded not guilty to fraud charges. Prosecutors asked the presiding judge for a new condition that would prevent him from transfer any funds from FTX or Alameda Research. FTX was shut down in January 2019 after the US Securities and Exchange Commission accused it of defrauding investors of…
-
This year, what will drive the markets?
Former CEO of crypto exchange FTX Sam Bankman-Fried has been charged with conspiracy and fraud by the US Securities and Exchange Commission (SEC). Sam Bankman-Fried is alleged to have misled customers about the health of FTX, a coin exchange that collapsed in November. He had moved FTX’s headquarters away from Hong Kong to the Bahamas…
-
Bankman-Fried’s fortune fell in less than a week.
US Securities and Exchange Commission (SEC) has charged FTX Founder Sam Bankman-Fried with eight counts of fraud and conspiracy. The SEC alleged that Bankman-Fried and his partners manipulated the price of one of FTX’s security tokens, FTT, to prop up the value of their houses of cards. FTX and its sister hedge fund Alameda filed…
-
The case of Sam Bankman-Fried might be a new version of an old story.
US’ Securities and Exchange Commission said FTX’s CEO Sam Bankman-Fried used customers’ money for personal benefit, including private jets, personal loans, and political donations. Federal prosecutors have charged Bankman-Fried with orchestrating “one of the biggest financial frauds in American history”. Bankman-Fried, his parents, and employees allegedly stole billions of dollars from customers of FTX at…
-
Sam Bankman-Fried wrote the book ‘House of Cards’.
US Securities and Exchange Commission (SEC) filed charges against FTX Founder Sam Bankman-Fried and his wife Caroline Ellison for defrauding the cryptocurrency exchange. The SEC accused them of using FTX’s digital token to manipulate its price to prop up the value of their house of cards. FTX, one of the largest cryptocurrency exchanges, had raised…
-
Sam Bankman-Fried wrote a novel called House of Cards.
US Securities and Exchange Commission (SEC) has accused FTX’s CEO Sam Bankman-Fried of deceiving investors by claiming that FTX was one of the safest crypto-currencies. It further said Bankman-Fried misled investors about the risks involved in investing in Crypto. The SEC also accused Bankman-Fried of misusing customer deposits held in FTX to cover the expenses…
-
Sam Bankman-Fried is the founder of FTX.
Sam Bankman-Fried, who backed FTX and Binance, has been arrested by the US Securities and Exchange Commission (SEC) for allegedly running a Ponzi scheme. According to the SEC, Bankman-Fried duped investors who backed FTX by promoting it as a “safe, responsible” crypto trading firm. He allegedly used his FTX exchange and his sister hedge fund…
-
The US government charges 8 social media professionals.
The Securities and Exchange Commission (SEC) filed a parallel civil complaint against seven people for running a stock trading forum called Atlas Trading. The SEC alleged that the forum made false statements about the stock’s value and intent to hold it, resulting in over $114 million in profits. The alleged scheme dated back to at…
-
Ex-regulator Bair says that the FTX crash is similar to the one that took the life of Madoff.
Sam Bankman-Fried, the Co-founder and former CEO of FTX, is facing multiple criminal charges for his alleged roles in the cryptocurrency exchange’s failure, US Securities and Exchange Commission (SEC) said. Bankman-Fried was arrested in the Bahamas on Monday. “There was no person who was chiefly in charge…of positional risk of customers on FTX,” Bankman-Fried said.
-
Sam Bankman-Fried’s fortune evaporated in less than a week.
The head of US Securities and Exchange Commission (SEC), Gary Gensler, has said that while the crypto space is regulated, investors need “better protection”. Bankman-Fried diverted FTX’s customers’ money to Alameda Research to conceal a years-long fraud from the investors, according to the complaint. Bankman-Fried is under legal and regulatory scrutiny in the US and…
-
Musk is under investigation by the federal government.
Twitter in a regulatory filing alleged that Tesla CEO Elon Musk and his legal team failed to produce draft communications with the Securities and Exchange Commission (SEC) and a slide presentation to the Federal Trade Commission (FTC). Twitter said it wasn’t told to burn notebooks as claimed by Musk’s team earlier this month. It added,…
-
The collapse of the FTX is believed to be the last one.
US Securities and Exchange Commission head Gary Gensler said on CNBC on Thursday that while the crypto space is regulated, investors “need better protection”. Gensler said this while speaking about FTX CEO Sam Bankman-Fried. The SEC and Justice Department are looking into FTX. Bankman-Fried put up $1 billion to bail out companies and shore up…
-
The company is named after the CEO of the company.
Twitter’s Public Policy and Safety chief Vijaya Gadde has been subjected to racist and misogynistic attacks since she took up her post in 2017, The Verge reported. Gadde said that several people called her a ‘n****r’. Earlier this month, the Securities and Exchange Commission granted Musk approval to acquire Twitter for $3 billion. The deal…