Daily Archives: April 22, 2024, 7:40 pm

‘Buy Bitcoin’ Sign Flashed Behind Janet Yellen Receives Bid of Almost $140,000 – Bloomberg

Here’s the latest sign that animal spirits have returned to the cryptocurrency market: A legal pad with the words “Buy Bitcoin” scribbled on it is currently fetching bids of almost $140,000 in an online auction. The hastily written message became a rallying call for supporters of the cryptocurrency after it was flashed behind then-Federal Reserve Chair Janet Yellen during Congressional…

Read More

SEC Lawyers Resign After Judge Blasts Agency in DEBT Box Crypto Case – Bloomberg

Two Securities and Exchange Commission lawyers resigned after a federal judge sanctioned and sharply rebuked the Wall Street regulator for “gross abuse” of power in a crypto case. Michael Welsh and Joseph Watkins stepped down this month after an SEC official told them that they would be terminated if they stayed, according to people familiar with the matter. The pair…

Read More

Elon Musk says Texas forever. Shareholders should not

More interestingly, Tesla is asking shareholders to let the EV maker relocate its corporate domicile from Delaware to Texas. The materials noted that 87 per cent of respondents to Musk’s Twitter plebiscite in January, just after the pay package ruling, were in favour of a move. When actual large institutions formally vote, including the likes of BlackRock and Vanguard, do…

Read More

Crypto Trader’s Fraud Conviction Undercuts Exchange Code Defense

A crypto trader’s fraud conviction for exploiting cryptocurrency exchange rules to steal $110 million is a strike against the “code is law” argument championed by some decentralized finance proponents. But Avraham Eisenberg’s conviction last week also raises questions about the reach of US wire fraud laws, which target using electronic communications to defraud people and have increasingly been used in…

Read More

SEC Charges Founder of Artificial Intelligence Start-Up with Defrauding Investors

The Securities and Exchange Commission filed charges today against Michael Brackett (“Brackett”), the founder and CEO of purported artificial intelligence start-up Centricity, Inc., for allegedly engaging in a multimillion-dollar offering fraud. According to the SEC’s complaint, from 2019 through 2021, Brackett raised $2.8 million from seven investors by making fraudulent misrepresentations about Centricity’s customers and revenue as well as Brackett’s…

Read More

SEC illegally tracking Americans who invest in the stock market, lawsuit claims

The Securities and Exchange Commission (SEC) is illegally collecting data of every citizen who invests in the stock market, according to a new lawsuit. The New Civil Liberties Alliance (NCLA) filed the suit Tuesday against the SEC claiming that the agency, through its “Consolidated Audit Trail,” or “CAT,” program, is collecting mass amounts of personally identifiable data by forcing brokers, exchanges,…

Read More

Nadeem Anjarwalla, Binance Exec Who Fled to Kenya, Faces Extradition Back to Nigeria: Reports

Nadeem Anjarwalla, an executive at crypto exchange Binance who recently escaped Nigerian custody, has been located in Kenya and faces extradition, multiple local media outlets have reported. Nigerian authorities have found Anjarwalla in Kenya and are working with Kenyan authorities to bring the executive back to the country, Nigeria’s Daily Post reported last week, citing government sources. Nigerian newspaper The…

Read More