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Join the Securities Litigation and Enforcement Group on LinkedInCrypto Bosses Flex Political Muscle With 5,200% Surge in US Giving – Bloomberg
Crypto executives are now pouring more money into US politics than many of America’s industrial stalwarts. Political donations from the sector surged to more than $26 million during 2021 and the first three months of this year. That influx of cash is outpacing spending by internet giants, drug makers and the defense industry — providing […]
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 […]
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 […]
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 […]
‘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 […]
UST debacle will ‘probably be the end’ of algorithmic stablecoins
“It’s unfortunate that the money … was lost, however, it’s not a surprise. It’s an algorithmic-backed, stablecoin. So it’s just a bunch of smart people trying to figure out how to peg something to the dollar,” Reeve Collins, the co-founder of digital token company BLOCKv, told CNBC at the World Economic Forum in Davos, Switzerland, […]
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. […]
DeFi ‘Casino’ May Need New Global Regulator, German Central Banker Says
“To me, DeFi seems more like a casino for tech-savvy speculators,” Wuermeling, a member of the German central bank’s executive board responsible for bank supervision and IT, said in a speech on Thursday. DeFi “is growing quickly and so might its ties to the rest of finance and the economy…we need to be discussing regulatory […]
Bored Ape Yacht Club thefts: Here’s how many NFTs have been stolen.
I’ve assembled a lengthy, though surely incomplete, list of stolen apes and related scams. (Keep in mind that ape thefts alone are only a fraction all NFT and crypto thefts over time. It’s an expansive universe! Of scams!) Put on your internet face, whether it’s a bored ape or not, and read on. Source: Bored […]