Daily Archives: August 17, 2022, 1:38 pm

Inside the Crash of Three Arrows Capital

The yacht has since become the subject of endless memes and jokes on Twitter, the functional center of the crypto universe. Pretty much everyone in that world, from the millions of small-scale crypto holders to industry employees and investors, has watched in shock and dismay as Three Arrows Capital, once perhaps the most highly regarded investment fund in a burgeoning…

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Nationally Recognized Trial Lawyer Randy Mastro Will Join King & Spalding’s Trial and Global Disputes Practice in New York – King & Spalding

King & Spalding announced today that Randy Mastro, a leading New York-based business litigator and trial lawyer, will join the firm as a partner in its Trial and Global Disputes practice group. Mastro previously served as the Chair of the Litigation Practice at Gibson, Dunn & Crutcher for more than 20 years and was a long-time member of both its…

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Will Congress Let Crypto Pick Its Regulator? – The American Prospect

The industry wants Congress to give all crypto regulation to the relatively weak and understaffed Commodity Futures Trading Commission. The CFTC regulates mainly futures and some financial derivatives in wholesale markets, but has no proven capacity to regulate the kind of retail transactions and small-investor abuses that are typical of crypto. Shifting crypto regulation to the CFTC would change existing…

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Elon Musk says tweet on buying Manchester United was joke – The Washington Post

Hours after sending the internet into a frenzy with a tweet suggesting that he was buying Britain’s Manchester United soccer club, Elon Musk issued a clarification: It was all a joke. “Also, I’m buying Manchester United ur welcome,” the world’s richest man wrote Tuesday as a follow-up to a tweet that said he supported “the left half of the Republican…

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US Regulator ‘Improperly’ Pushing Banks to Avoid Serving Crypto Companies, Lawmaker Says

The Federal Deposit Insurance Corporation (FDIC) may be leaning on banks to prevent them from providing services to cryptocurrency companies, U.S. Sen. Pat Toomey (R-Pa.) said Tuesday, citing communications he had received. In a letter directed to Acting FDIC Director Martin Gruenberg, Toomey wrote that he had heard from “affected parties” and whistleblower communications which claimed that the federal bank…

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SEC Charges Three Chicago-Area Residents with Insider Trading Around Equifax Data Breach Announcement

The SEC’s complaint, filed in the Northern District of Georgia, states that Equifax engaged a Chicago-based public relations firm in August 2017 to assist with handling the inquiries expected to be generated by the announcement of the intrusion and breach. According to the complaint, Ann M. Dishinger, who worked as a finance manager at the public relations firm, learned about…

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