Daily Archives: June 2, 2022, 7:07 pm

SEC Charges Global Steel Pipe Manufacturer with Violating Foreign Corrupt Practices Act

The Securities and Exchange Commission today announced that Tenaris, a Luxembourg-based global manufacturer and supplier of steel pipe products, will pay more than $78 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) in connection with a bribery scheme involving its Brazilian subsidiary. According to the SEC’s order, the resolution with Tenaris is the result of…

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Don’t Insider Trade NFTs – Bloomberg

Seems bad. But it is weird to put a person in prison for years because he … bought some internet cartoons … before … they were … put on a website? Like on the one hand it certainly seems like insider trading, sure, but on the other hand, does the US government have that much interest in protecting the level playing field of trading…

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Chipotle will now accept cryptocurrency in US stores

Chipotle, the popular Mexican-style fast-food restaurant chain, will now accept cryptocurrency payments through Flexa, a digital payments platform. Flexa supports around 98 currencies, including BTC and ETH. Customers can use the app to pay for food items in any of the nearly 3000 Chipotle restaurants in the United States. Source: Chipotle will now accept cryptocurrency in US stores

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‘Bloomberg Crypto’ Podcast Launches With An Eye On TerraUSD (Luna, UST) – Bloomberg

Whether you’re casually crypto curious, totally coinpilled or a complete skeptic, there’ll be something in this podcast for you. To start, a bit about this podcast: Have you ever wondered how you make a Bitcoin? Or how a blockchain works? Or why anyone would spend money on digital pictures of monkeys? On this show, stacy-marie explores these fundamental questions about…

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Why SPACS Are Flailing as Market Conditions Shift – The New York Times

Wall Street’s love affair with SPACs is sputtering. After two hot and heavy years, during which investors poured $250 billion into SPACs, rising inflation, interest rate increases and the threat of a recession are fomenting doubts. Increasingly, investors are withdrawing their money from SPACs, which they’re allowed to do at the time of the merger. With stocks of high-growth companies…

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