Controversy Brews as US Lawmaker Proposes $1 Salary for SEC Chair
It is worth mentioning that this is not the first time the SEC and Chair Gensler have faced scrutiny from US politicians.
CoinMarketCap Rolls Out ChatGPT Plugin for Crypto Analysis
CoinMarketCap is not the only crypto company exploring the benefits of AI technologies since the AI hype began.
Former FTX CEO Sam Bankman-Fried to Face Criminal Charges in US, Set to Be Extradited Today
Bankman-Fried would face up to eight federal charges ranging from securities fraud to money laundering and wire fraud.
Cloud Services Company Rackspace Files for IPO after $4.3 Billion Buyout in 2016
By
Darya Rudz
This is not the first time Rackspace goes public. Back in August 2008, the company had its public debut. With an upcoming IPO, Rackspace hopes to grow and cover its debts.
Hertz Puts Plan to Sell $500M in Shares on Hold Following SEC’s Concerns
By
Darya Rudz
Hertz’s plan to sell $500 million in shares was “promptly suspended pending further understanding of the nature and timing of the Staff’s [SEC’s] review”. Hertz (HTZ) stock is down in the pre-market.
Lawsuits Filed against Binance, Block.one, BitMEX and Other Crypto-Related Companies
By
Jeff Fawkes
Binance, Block.one, BitMEX, BiBox, KayDex, BProtocol, Status and TRON Foundation received the class-action lawsuits. The lawsuits claim that those companies were selling or helping with the selling of unregistered securities.
U.S. Court Supports SEC and Blocks Telegram from Issuing Its Gram Tokens
The court said that since Telegram was planning to sell its TON tokens in the secondary markets, they shall be categorized as unregistered securities under the Howey Test.
Virgin Galactic (SPCE) Stock Rises while Market Is All in Red
Virgin Galactic Holdings (NYSE: SPCE) stock manages to continue its rise while the majority of the stocks on the market are falling. Now in teh pre-market, it has gained around 8%.
Alphabet (GOOGL) Stock Is in Red But It Looks Bullish in the Long Term
By
Tolu Ajiboye
In the very recent past, Alphabet (GOOGL) stock has plunged a bit. However, the general trajectory and report of the company look quite positive.
Why Wells Fargo Pays 3 Billion Fines for Illegal Practices?
By
Jeff Fawkes
The U.S. government has concluded a deep investigation into what Wells Fargo has been doing in the last 15 years. The bank is paying billions to the state now because their cheatings were hurting the clients.