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SEC Mistakes Responsible for the Collapse of FTX – Mark Cuban
Billionaire investor Mark Cuban has criticized the U.S. Securities and Exchange Commission (SEC) for adopting the wrong approach to regulating the crypto industry, which led to the fall of the FTX exchange. An Urgent Need for a Holistic Approach to... -
Mark Cuban Criticizes SEC’s Approach to Crypto Regulation, Advocates Learning from Japan’s Investor Protection Measures, and Recommends Crypto-Specific Registration and Token Framework
Mark Cuban, a famous investor, and owner of the Dallas Mavericks basketball team, criticized the U.S. Securities and Exchange Commission (SEC) for their approach to regulating cryptocurrencies. He believes the SEC has made mistakes and should learn from Japan's approach... -
Nasdaq Submits BlackRock’s Bitcoin ETF Amended Proposal After SEC’s Rejection
Popular traditional finance firm BlackRock has refiled a fresh proposal with regulators through Nasdaq for the Bitcoin exchange-traded fund (ETF). Coinbase Included in Surveillance-Sharing Agreement Nasdaq has submitted a new 19b-4 form to U.S. Securities and Exchange Commission (SEC) to... -
Rivian Stock Spikes as Second Quarter Deliveries Smash Estimates
Rivian stock (NYSE: RIVN) rose over 17% yesterday and had its best day in eight months after it reported better-than-expected production and delivery numbers for the second quarter of 2023. Rivian stock has now turned positive for 2023 even as... -
Tim Draper Revises Bitcoin Timeline to Reach $250,000, Expresses Regulatory Concerns, and Highlights Long-Term Confidence in Crypto Potential
Venture capitalist Tim Draper has revised his timeline for Bitcoin's price to reach $250,000. Tim Draper remains optimistic but acknowledges that it might take "a little longer" for the world's largest cryptocurrency to hit his target. He believes that Bitcoin... -
Liquid-Staking DeFi Platforms Currently Hold 10 million ETH Worth About $20 Billion
The liquid staking derivatives systems are currently safeguarding over ten million Ethereum tokens, with a total value of nearly $20 billion. Prominent decentralized finance (DeFi) protocols, Lido Finance and Rocket Pool have witnessed impressive growth rates ranging from 7.57% to... -
Xpeng Motors Stock Rises after Pricing Its G6 SUV Below Tesla Model Y
Xpeng Motors stock (NYSE: XPEV) is trading over 14% higher in US price action today after the company priced its G6 SUV about 20% lower than Tesla Model Y. The car is based on Xpeng Motors’ new production platform called... -
Fidelity Renews Interest With Fresh Proposal for Spot Bitcoin ETF
Asset management giant, Fidelity Investment, has refiled a new proposal to offer the first United States spot Bitcoin exchange-traded fund (ETF). Fidelity SEC Proposal: A Reawakening of Traditional Finance? Fidelity became the latest traditional finance service to enter the race... -
FTX Accused of Misusing Customer Deposits, Purchasing Luxury Properties, and Involving Subsidiary in Alleged Fraudulent Activities
FTX Trading Ltd., widely recognized as FTX, has recently made headlines due to its financial insolvency. In its latest report issued on Monday, the company leveled serious allegations against its co-founder, Sam Bankman-Fried, and other high-ranking executives, suggesting their involvement... -
FTX Suspends Sale of $500M Anthropic Investment Amid Ongoing Recovery Efforts
Defunct cryptocurrency exchange FTX has halted the sale of its $500 million stake in Anthropic, an emerging artificial intelligence (AI) company. With the recovery of missing funds underway, analysts believe the sale suspension comes into play to generate more revenue...
