Daily Archives: October 26, 2022, 8:50 am

Elon Musk Faces Investors in Court Over Tweet to Take Tesla Private – Bloomberg

Investors who filed suit over Elon Musk’s 2018 tweet stating that he was considering taking Tesla Inc. private are facing a crucial test in court. A federal judge in San Francisco will hear arguments Tuesday over whether Musk was intentionally deceitful when he unveiled the proposal to his millions of Twitter followers and said “funding secured.” The class-action suit is…

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Andreessen Horowitz Went All In on Crypto at the Worst Possible Time – WSJ

As cryptocurrency prices soared last year, no investor bet more on the sector than Andreessen Horowitz. The storied venture-capital firm had developed a reputation as Silicon Valley’s greatest crypto bull, thanks largely to a 50-year-old partner named Chris Dixon who was one of the earliest evangelists for how the blockchain technology powering cryptocurrencies could change business. His unit was one…

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SEC’s Yuga Labs Probe Won’t Be Final Word on If NFTs Are Securities | Law.com

Since then, the world has seen NFTs endorsed by artists, wielded by large corporations, and inevitably, targeted by regulators. The arguably most famous NFTs—the apes—had managed to avoid regulatory attention until last week when the U.S. Securities and Exchange Commission opened a probe into Yuga Labs, the owner of not only the aforementioned Bored Ape Yacht Club, but of a…

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UK Police Has Crypto Experts Stationed Nationwide

The U.K. National Police Chiefs’ Council (NPCC) has stationed crypto tactical advisors in police departments nationwide to help investigate and seize digital assets tied to crime, an official said. “There are officers now in every force in every regional organized crime unit, trained and equipped to do that,” Andrew Gould, staff officer for NPCC’s cryptocurrency portfolio said while speaking at…

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