Daily Archives: June 22, 2022, 7:27 pm

Don’t Believe the Obits for Bitcoin – WSJ

It may seem paradoxical to invest in a “predictable” money that loses 70% of its value, but early investors believe that in the long run the predictability of supply will be more important than demand-driven booms and busts. Bitcoin ownership is highly centralized in the hands of individuals who seldom move their coins. If you weathered the 2011 crash from…

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Sunny Balwani slammed as Theranos accomplice in trial

In a lengthy closing argument, federal prosecutors reiterated their case that Balwani was an active participant, alongside Holmes, in a scheme to defraud investors and patients of the doomed medical technology startup. “Mr. Balwani is not a victim, he is the perpetrator of the fraud,” prosecutor Jeffrey Schenk told jurors during the proceedings. Source: Sunny Balwani slammed as Theranos accomplice…

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SPAC Federal Securities Litigation Analysis – US Market Advisors

While SPAC offerings may have cooled, the litigation has yet to heat up The following report provides an analysis of the exponential increase in SPAC IPOs, and the litigation that has followed, during the period of between January 2019 and April 2022 (Relevant Period). Highlights from our findings include: Newly proposed regulation may have paused SPAC IPOs, but the litigation…

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Chainalysis Launches 24/7 Hotline for Crypto Crime Victims

Blockchain research firm Chainalysis has launched a new hotline that will provide support for organizations that have been targeted by a crypto-related cyber attack or ransomware demand. The Crypto Incident Response hotline will function 24/7, and victims will be paired with a team of investigators from Chainalysis who will trace and label the funds in Chainalysis’ program. If funds have…

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Money Funds Could Be Next Target In Greenwashing War – Bloomberg

“We have seen more and more ESG-related bonds and commercial paper programs, but the supply is still too small to be able to build a proper, ESG-only portfolio,” he said. Similar to other parts of the ESG industry, money funds are likely to be more susceptible to greenwashing as more and more funds proliferate the market. Expanded ESG disclosures and third-party oversight to…

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