A collection of states are going after Coinbase for alleged securities violations, yet another blow to the American crypto exchange after the Tuesday SEC lawsuit. Securities regulators from Alabama, ...
News
Vote Against Advancing Gas Stove Protections Amid Frustration With McCarthy
Topline A group of hard-right House members voted against their party Tuesday, delaying the advancement of two bills that would prohibit the Biden Administration from regulating gas stoves in a show o...
Coinbase Receives Legal Action From 10 States For Security Violations
Coinbase is facing legal proceedings by 10 states of the U.S. for alleged securities violations. The states, led by the Alabama Securities Commission, have issued a show cause notice to Coinbase. Coin...
Apple buys AR headset startup Mira: report
(Reuters) -Apple Inc has acquired Mira, a Los Angeles-based AR startup that makes headsets for other companies and the U.S. military, the Verge reported on Tuesday, citing a post from Mira CEO’s...
Binance Condemns SEC’s ‘Blunt Weapons of Enforcement’
Binance has responded to the U.S. Securities and Exchange Commission’s lawsuit by calling the regulator “unreasonable” and claiming it is using “blunt weapons of enforcement.” The SEC today filed 13 c...
It’s cheaper to buy than rent in only 4 major US cities, study shows
It’s cheaper to rent than buy in most of the US, a new housing analysis found, unless you’re lucky enough to live in four select cities. The typical home’s monthly mortgage cost is lower than its mont...
Coinbase CEO Welcomes SEC Legal Battle: “We’ll Get The Job Done”
Coinbase CEO Brian Armstrong is not shaken by the U.S. Securities and Exchange Commission (SEC)’s new lawsuit against his exchange. Both the executive and his company responded with brief arguments on...
How Much Money Can I Earn Working After Taking Social Security at Age 62?
Ask an Advisor: How Much Money Can I Earn Working After Taking Social Security at Age 62? How much am I able to earn from an employer if I opt to take my Social Security at age 62 next year? – Glenn T...
Coinbase CEO Vows to Seek Legal Redress With SEC
The United States Securities and Exchange Commission (SEC) may need to gear up for another major court battle Coinbase Exchange, the latest crypto trading platform it sued, is likely not going down wi...
BJ’s Wholesale Club Holdings, I (BJ) Stock Forecasts
Summary BJ’s Wholesale Club Holdings owns BJ’s Wholesale Club, which operates a chain of warehouse clubs on the East Coast. BJ’s positions itself between traditional grocery stores a...
Former Twitter CEO Claims Ethereum Is A Security, Will This Affect Prices?
Jack Dorsey, the former CEO of Twitter, while replying to a comment on June 6, alleged that Ethereum (ETH), the world’s second-largest cryptocurrency exchange, is a security under United States laws. ...
Nikola Stock Is Dropping Again. The SPAC Boom Is Fully a Bust.
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Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees
The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features, according to an announcement from network devel...
Apple Inc. (AAPL) Stock Forecasts
Summary Stocks edged higher on Tuesday morning, led by gains in the Financial and Consumer Discretionary sectors. The World Bank issued mixed forecasts for the global economy. It expects global GDP to...
SEC Files for Temporary Restraining Order Against Binance, CZ
The SEC has petitioned a court for a temporary restraining order against Binance and its affiliates — BAM Management and BAM Trading — in a move that could freeze the assets of Binance.US. The SEC’s m...
A major insurance company let employees work remotely but the new CEO reversed the policy. Employees are outraged, with one calling it a ‘power move that is frankly disgusting’
Employees at Farmers Group are staging a revolt after the insurance company’s new CEO has reversed remote work policies they say were promised to them last year. The Wall Street Journal reports worker...
Coinbase CEO Challenging SEC by Defending Crypto Industry
Coinbase takes a stand for the crypto industry, challenging the SEC’s complaints in court. CEO Brian Armstrong aims to bring regulatory clarity by fighting the SEC in a landmark Coinbase lawsuit. SEC’...
Harvard’s future of work professor sees one job in particular disappearing because of A.I.
A.I. will probably not steal your job—except if you’re doing that one. While white-collar jobs as we know them are hardly set to disappear, a handful of them will “dwindle hugely,” according to ...
Binance, Coinbase CEOs together lost $1.7B of personal wealth after SEC charges
The CEOs of Binance and Coinbase lost part of their personal wealth in the aftermath of SEC charges, Bloomberg said on June 6. Execs gained billions before latest loss The U.S. Securities and Exchange...
SEC Quietly Removes Director William Hinman’s Bio From Website
An adage for the digital age says nothing can ever be deleted from the internet. Yet, the Securities and Exchange Commission (SEC) has done its best to scrub the biography page of William Hinman. Hinm...
El Salvador’s Bitcoin Bill Is Now Two Years Old, How Has The Country Fared Since Then?
On June 5, 2021, El Salvador made waves across the financial space when its bill to make Bitcoin a legal tender in the country was first made public. Since then, the North American country has gone on...
BSV Price Analysis: Will the BSV Price Break Its Boundary?
1 The Bitcoin SV (BSV) price is moving near $32.21, observing a change of 7.2% in the 24-hour trading volume. 2 The price has been observing a decline of 32.21% in the last 24 hours. Recently, the BSV...
Mark Cuban Takes Aim At Jim Cramer’s Crypto Criticism Amidst SEC Actions
Former hedge fund manager and host of CNBC Mad Money, Jim Cramer, expressed his frustration with the cryptocurrency industry in a series of tweets following recent actions by the U.S. Securities and E...
Coinbase reminds world it tried to ‘embrace regulation’ as SEC sues for violations
“Coinbase has embraced regulation since we were founded over a decade ago,” the cryptocurrency exchange’s chief legal officer, Paul Grewal, told the United States Congress on June 6. “The SEC [Securit...
Gensler’s ‘Pro-Innovation’ Stance Is a Farce
Alex Dovbnya Garlinghouse claims the SEC is trying to distract from the FTX debacle by suing Binance and Coinbase Ripple CEO Brad Garlinghouse took to Twitter yesterday to voice his opinion on Gary Ge...
SWIFT and Chainlink collaborate for banking blockchain integration
SWIFT, the global financial messaging service, is partnering with major banks and Chainlink, a web3 infrastructure provider, to test the integration of public and private blockchains for global bankin...
Coinbase Put in House Hot Seat Hours After SEC Lawsuit Released
Just hours after his employer was charged by the SEC for a variety of alleged securities law violations, Coinbase Chief Legal Officer Paul Grewal appeared before the House Agriculture Committee to fac...
Coinbase to Participate in the Piper Sandler Global Exchange & FinTech Conference
REMOTE-FIRST-COMPANY/SAN DIEGO–(BUSINESS WIRE)–Coinbase Global, Inc. announced today that Brian Armstrong, Co-Founder and CEO, will participate in a fireside chat at the Piper Sandler Global Exchange ...
FBI Warns of AI Deepfake Extortion Scams
The abilities of generative AI to create life-like images are impressive, but the U.S. Federal Bureau of Investigation says that criminals are using deepfakes to target victims for extortion. “T...
The 3 Takeaways From the Lawsuit Between the SEC and Coinbase
The U.S. Securities and Exchange Commission (SEC)’s charges against Coinbase are largely reminiscent of its Binance case from just a day prior – but also contain some key differences. Here’s a close...
Bitcoin drops to $25k amidst Binance lawsuit
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Binances’ legal woes saw BTC plunge to the $25k l...
Optimism completes upgrade of its Layer 2 network
Optimism, a Layer 2 network built on top of the Ethereum network, completed a scheduled upgrade on Tuesday. According to an explainer post, the Bedrock upgrade advances a series of improvements, inclu...