These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequen...
Tag: Companies
Grayscale says SEC filed first legal brief in ongoing bitcoin futures ETF lawsuit
Grayscale Investments said the U.S. Securities Exchange Commission has filed its first legal brief in the lawsuit the crypto asset manager filed over the rejection of its application for a spot bitcoi...
Boeing Retires the 747, and the Age of Jumbo Jets
The Boeing 747 has retired. The jets still fly—but new ones won’t be built. On Tuesday, the last 747 rolled off an Everett, Wash. assembly line. This is no surprise. CEO Dave Calhoun said in July 2020...
TSMC Makes a $40 Billion Bet on U.S.-Made Chips. Don’t Declare Victory Yet.
This past Tuesday, Taiwan Semiconductor Manufacturing announced that it would expand its investments in Arizona to more than $40 billion—from its initial $12 billion commitment. TSMC’s first Arizona f...
Bank of England opens bids for CBDC sample wallet proof of concept
The Bank of England is seeking a proof of concept for a sample wallet for a Central Bank digital currency and will take applications through Dec. 23. While the bank said it will not develop a us...
Caroline Ellison hires former SEC crypto regulator as lawyer for FTX probe: Bloomberg
Former Alameda Research head Caroline Ellison hired a former crypto regulator at the U.S. Securities and Exchange Commission to represent her in an ongoing federal probe into the collapse of the FTX e...
U.S. prosecutors probing FTX founder Sam Bankman-Fried in potential fraud case: Bloomberg
U.S. prosecutors are probing Sam Bankman-Fried, the disgraced founder of now-bankrupt crypto group FTX, for a potential fraud case against him, Bloomberg reported Friday, citing a person familiar with...
CVS Wants to Be a Healthcare Provider. So Why Doesn’t It Have Any Doctors?
Late last year, CVS Health CEO Karen Lynch unveiled a new strategy: Rather than remain simply a pit stop for toilet paper and flu shots, CVS stores would become a place that Americans—particularly old...
Congressional committee confirms SBF as FTX hearing witness
Disgraced FTX founder Sam Bankman-Fried is slated to testify in a congressional hearing on the collapse of the company, the U.S. House of Representatives Committee on Financial Services confirmed. &#...
FT, Bloomberg, NYT and WSJ file suit to make FTX creditors public
The Financial Times, The Wall Street Journal, The New York Times and Bloomberg have filed a suit seeking to unseal who the creditors of the collapsed crypto exchange FTX are. The news organizations wa...
TeraWulf, Core Scientific among top performers
Bitcoin mining stocks tracked by The Block showed mixed results on Friday, with about half trading up and the other half down. Bitcoin prices fell slightly to around $17,100 by market close, acc...
The Block CEO resigns after failure to disclose loans from Bankman-Fried’s Alameda
The Block Chief Executive Officer Michael McCaffrey resigned after failing to disclose a series of loans from disgraced former FTX head Sam Bankman-Fried’s Alameda Research. He was the only person wit...
Three Arrows Capital co-founder says it wasn’t luna that took it out, but FTX
It wasn’t the collapse of the cryptocurrency luna that ultimately caused the downfall of Three Arrows Capital, according to 3AC co-founder Kyle Davies. Instead, it was the firm’s final position being ...
Amber Group owes troubled crypto lender Vauld’s CEO $130 million
Amber Group, a struggling crypto trading firm, owes around $130 million to troubled crypto lender Vauld’s CEO Darshan Bathija. In July, Vauld mentioned in its affidavit that it has a loan ...
SEC Released New Advising Guideline for Companies
The SEC released a guideline on Thursday that advises companies to disclose their role with digital commodities companies. SEC Released New Guidance On Thursday, the Securities and Exchange Commission...
SEC urges crypto companies to disclose exposure to recent market collapse
The Securities and Exchange Commission (SEC) has called on crypto companies to disclose their exposure to the recent market collapse, and detail its potential impacts on investors. The SEC’s Division ...
US SEC Issues Crypto Disclosure Guidance for Public Companies
The U.S. Securities and Exchange Commission (SEC) is encouraging public businesses to issue new disclosure standards after the fall of FTX. The regulator released a note on Thursday, stating, “The Div...
Bybit introduces new KYC requirements for P2P trading, fiat deposits and NFT trades
Crypto exchange Bybit will require updated Know-Your-Customer (KYC) verification checks for various products from Dec. 15. Bybit’s one-click buys, fiat deposits and peer-to-peer trading wi...
SEC Cautions Companies to Disclose Exposure to Crypto Businesses
On Dec. 8, the SEC’s Division of Corporation Finance released a statement “regarding recent developments in crypto-asset markets.” The guidance has targeted companies that have disclosure obligations ...
Bitcoin miner 360 Mining raises $2.25 million as it scales natural gas production
Bitcoin miner 360 Mining raised $2.25 million in a new funding round and plans to deploy the funds to increase natural gas production and mining capacity. The company’s plans were reveale...
Billion-dollar Aptos Labs lawsuit resolved, Glazer says
Shari Glazer, who sued Aptos Lab CEO Mo Shaikh and claimed she had been cheated out of of an equity stake in the new firm, now says the case is resolved. “I am happy to resolve this matter and am deli...
TeraWulf shares up 27% as stocks rally
Most mining stocks tracked by The Block rose on Thursday, following bitcoin’s upward trajectory. The coin was trading at around $17,200 by market close, according to data from TradingView....
Bitcoin miner Marathon won’t bid on bankrupt Compute North’s assets, CEO says
Crypto miner Marathon is not looking to buy any assets from bankrupt hosting provider Compute North, after considering a bid for a stake in the 280-megawatt wind power facility in Texas where it runs ...
Grayscale’s GBTC discount to NAV hits all-time low of 47%
The price of Grayscale Bitcoin Trust (GBTC) versus the bitcoin it actually holds hit an all time low on Wednesday, with the discount ratio reaching 47.3%, according to data from The Block. The G...
‘Dr. Doom’ Nouriel Roubini says a severe recession will cause stocks to drop 25%—and warns zombie companies are in danger
They call him “Dr. Doom” for a reason. Nouriel Roubini, professor emeritus at New York University’s Stern School of Business and CEO of Roubini Macro Associates, has a history of making pessimistic—bu...
Feds investigating FTX founder SBF for possible market manipulation: NYT
U.S. prosecutors are probing into whether FTX founder and former CEO Sam Bankman-Fried could have manipulated the prices of TerraUSD and Luna cryptocurrencies earlier this year to benefit his business...
Bitcoin miner Marathon explores Compute North bid: Bloomberg
Marathon Digital Holdings Inc. has hired advisers to help navigate a potential bid for its partner Compute North, a troubled crypto miner currently going through bankruptcy, according to Bloomberg. Ma...
Opinion: Five energy companies are seeing bullish stock buying from their own executives
Even though energy stocks are up 49% this year, executives keep buying their own companies’ shares. Does that make sense? Yes, for two reasons. Oil will trade a lot higher next year, and energy stocks...