The Coinbase hiring spree continues. In the last week and a half, the company has picked up a new CTO, a new VP of communications, a global head of inclusion and now a new CFO. In a blog post today, the company announced the addition of Alesia Haas, who joins the team from New York-based […]
View More Coinbase gears up to jump through regulatory hoops with new CFO and other big hiresCategory: SEC
‘The next Steve Jobs’ charged with ‘massive fraud’
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Stanford University dropout Elizabeth Holmes was once anointed “the next Steve Jobs.”
Sadly for the now disgraced (and soon to be former) CEO of Theranos, her “one more thing” just so happens to be getting hit with charges of “massive fraud” by the Securities and Exchange Commission.
In a Wednesday press release, the SEC announced a series of charges against Holmes, Theranos, and the company’s former President Ramesh Balwani, alleging they had been running a “years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance.” Read more…
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Bitcoin drops below $10K following SEC warning and Binance hack rumors
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Bitcoin is having a moment — just not the kind its boosters hoped for.
The cryptocurrency once again dropped below $10,000 today, and the timing of the latest dip has some faithful hodlers concerned. Specifically, the apparent sell-off came shortly on the heels of a Securities and Exchange Commission announcement warning about “potentially unlawful online platforms for trading digital assets.”
Oh, and the rumors of a major cryptocurrency exchange getting hacked didn’t help things either.
But first, the SEC. While it’s impossible to say if the statement contributed to the price dip, it’s not the most out-there conclusion to draw. After all, the SEC threw direct shade at the very exchanges people use to buy and sell their cryptocurrency. Read more…
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View More Bitcoin drops below $10K following SEC warning and Binance hack rumorsSEC says cryptocurrency exchanges are an unregulated mess
The U.S. Securities and Exchange Commission has issued a warning on cryptocurrency exchanges. The SEC says that many exchanges are currently unregulated and can do whatever they want with your money. As an investor, you should be extremely carefu…
View More SEC says cryptocurrency exchanges are an unregulated messThe SEC is reportedly investigating a number of ICOs
The SEC is getting up close and personal with companies that have raised ICOs, according to a new report. Citing sources, the Wall Street Journal is reporting that the commission has “issued dozens of subpoenas and information requests” to tech companies that have held token sales and a number of advisors associated with them. More specifically, it appears that the SEC is… Read More
SEC warns against public companies adding blockchain to their name
Everyone knows that both Main Street and Wall Street investors are going gangbusters for cryptocurrency and blockchain-related technology. But here’s the thing. It’s currently nearly impossible to invest directly in cryptocurrency or in legitimate cryptocurrency companies if you want to limit your investments to SEC-sanctioned ETFs or stocks that are listed on NASDAQ or NYSE. So… Read More
Hope grows that a larger SEC crackdown on ICOs is coming — and soon
That wait-and-see stance looks to evolve into much more action 2018, suggest those who’ve either spoken with the Securities & Exchange Commission or otherwise have a vested interest in its rulings. (The SEC isn’t commenting publicly on its specific plans.)
Just Friday, a new division of the agency that’s focused on ICOs filed charges against an outfit called PlexCoin… Read More
Silicon Valley could be the next hotspot for SEC whistleblowers
In recent years, the SEC has had greater success policing wrongdoing due in large part to the implementation of its whistleblower program. But the whistleblowers’ crosshairs are not limited to Wall Street. Individuals are beginning to come forward in a new sphere of the business world, one with its own reputation of a problematic, win-at-all-cost culture: Silicon Valley. Read More