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European crypto regulator raises concerns over finding qualified staff

admin Cryptocurrency, Regulators July 27, 2022

The European Banking Authority (EBA), the entity mandated with regulating cryptocurrencies in the region, has raised concerns over its ability to carry out the task citing a lack of staff and logistical challenges. EBA’s chair José Manuel Campa has revealed that the institution has challenges ...Read More

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Former Goldman banker, ex-FBI trainee charged with insider trading

admin Insider Trading July 26, 2022

A former Goldman Sachs banker, a former FBI agent trainee, and a technology executive were among those charged on Monday with insider trading in separate schemes that together generated millions of dollars in profits, U.S. prosecutors said. “Each of the defendants charged today corrupted the ...Read More

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Morgan Stanley Warns Stock Bulls Deluded by ‘Wishful Thinking’

admin Morgan Stanley July 26, 2022

The July stock-market rebound has emboldened bulls hoping prices will defy the gravity of the Federal Reserve’s escalating fight against inflation. Don’t be fooled, though, Morgan Stanley Wealth Management’s Lisa Shalett said: It’s just another false dawn. The nearly 5% gain in the S&P ...Read More

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Google co-founder Sergey Brin told his financial advisers to sell his investments in Elon Musk’s companies after Musk had an affair with his wife

admin Elon Musk, Google July 25, 2022

Google co-founder Sergey Brin reportedly told his financial advisers to sell off all of his investments in Elon Musk’s companies after learning that Musk reportedly had an affair with Brin’s wife, Nicole Shanahan. Brin and Shanahan divorced in January after he learned of the affair ...Read More

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Ex-US congressman among 9 charged in insider trading cases

admin Congress July 25, 2022

NEW YORK (AP) — A former U.S. congressman from Indiana, technology company executives, a man training to be an FBI agent, and an investment banker were among nine people charged in four separate and unrelated insider trading schemes revealed on Monday with the unsealing ...Read More

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Former Coinbase Employees Arrested, Company Pushes Back on SEC’s Legal Argument

admin Coinbase, crypto, Cryptocurrency July 25, 2022

The Securities and Exchange Commission on Thursday announced insider trading charges against former Coinbase employee Ishan Wahi, as well as his brother, Nikhil Wahi, and his friend, Sameer Ramani. Also on Thursday, the Department of Justice announced the unsealing of an indictment with charges for wire fraud and wire fraud ...Read More

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Tales From The Crypto: Trapped Celsius Customers Share Financial Horrors

admin crypto, Cryptocurrency, Uncategorized July 25, 2022

Liquidity-challenged crypto lender Celsius Network filed for Chapter 11 bankruptcy protection earlier this month in the Southern District of New York – over a month after it halted customer withdrawals, citing “extreme market conditions.” The filing came just nine days after crypto broker Voyager Digital ...Read More

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Elon Musk’s Tesla sells most of its Bitcoin holdings

admin Cryptocurrency July 21, 2022

The electric car firm has offloaded 75% of its Bitcoin, which was worth about $2bn (£1.7bn) at the end of 2021. It is backing away as the value of the cryptocurrency has plunged, falling by more than 50% this year. Tesla said it bought ...Read More

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SEC launches insider trading inquiry into crypto exchanges

admin Cryptocurrency, Insider Trading, Securities and Exchange Commission June 16, 2022

The U.S. Securities and Exchange Commission has launched a sweeping inquiry into whether crypto exchanges have proper safeguards to prevent insider trading on their platforms, FOX Business has learned. According to a person with direct knowledge of the inquiry, the SEC has sent a ...Read More

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Twitter Founder Jack Dorsey Opens Up About Elon Musk’s Offer; Shreds Twitter’s Board As Dysfunctional

admin Board Of Directors, Twitter April 19, 2022

That was Twitter TWTR, -1.63% founder Jack Dorsey responding to a tweet on Saturday about the company’s board of directors. Dorsey did not give specifics about why he wasn’t happy with Twitter’s board, but one Twitter user wrote in the thread, “Good boards don’t create good companies, but ...Read More

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