Coinbase, the $8 billion crypto exchange giant, is one of a bevy of big-name crypto investors backing a project aimed to revolutionize the U.S. securities industry using blockchain technology. Brian Armstrong, Coinbase CEO, told the audience at TechCrunch’s Disrupt event in San Francisco this past September that his company intends to be the de facto marketplace […]
View More Coinbase and others invest $12.75M in project to create ‘digital security offerings’Category: U.S Securities and Exchange Commission
WTF is happening to crypto?
Four days ago the crypto markets were crashing hard. Now they’re crashing harder. Bitcoin, which hasn’t fallen past $6,000 for months, has dumped to $4,413.99 as of this morning, and nearly everything else is falling in unison. Ethereum, flying high at $700 a few months ago, is at $140. Coinbase, that bastion of crypto stability, […]
View More WTF is happening to crypto?Today in brighter crypto news: SEC says tokens are securities
Crypto news got a little boost last week after a dark month of crashes, stablecoins, and birthdays. The SEC ruled that two ICO issuers, CarrierEQ Inc. and Paragon Coin Inc., were in fact selling securities instead of so-called utility tokens. “Both companies have agreed to return funds to harmed investors, register the tokens as securities, […]
View More Today in brighter crypto news: SEC says tokens are securitiesTesla picks telco executive Robyn Denholm to replace Elon Musk as chairman
Elon Musk’s replacement as the chair of Tesla has been named and it is Robyn Denholm, an Australian executive who has been a director with the electric vehicle firm since 2014. Denholm is currently CFO of Australia-based telco Telstra and she’ll step into the breach once a six-month notice period is served, Tesla said in […]
View More Tesla picks telco executive Robyn Denholm to replace Elon Musk as chairmanTesla subpoenaed by SEC over Model 3 production forecasts
Tesla said Friday in a regulatory filing that the U.S. Securities and Exchange Commission and Department of Justice are investigating projections made last year about Model 3 production rates. The SEC has issued subpoenas for information related to Model 3 production estimates. The DOJ, which is running a separate investigation over Model 3 production targets, […]
View More Tesla subpoenaed by SEC over Model 3 production forecastsMinds, the blockchain-based social network, grabs a $6M Series A
Minds, a decentralized social network, has raised $6 million in Series A funding from Medici Ventures, Overstock.com’s venture arm. Overstock CEO Patrick Byrne will join the Minds Board of Directors. What is a decentralized social network? The creators, who originally crowdfunded their product, see it as an anti-surveillance, anti-censorship, and anti-“big tech” platform that ensures […]
View More Minds, the blockchain-based social network, grabs a $6M Series AElon Musk plans to buy another $20 million in Tesla stock
Tesla CEO Elon Musk, the company’s largest shareholder, intends to buy another $20 million in common stock, a move that appears to be in response to a recent settlement with the U.S. Securities and Exchange Commission, according to a filing Wednesday. The 8-K document detailed a settlement agreement between Musk, Tesla and the SEC over allegations […]
View More Elon Musk plans to buy another $20 million in Tesla stockElon Musk’s settlement with the SEC approved by judge, sending shares higher
The saga between Tesla CEO Elon Musk and the U.S. Securities and Exchange Commission, which began with a now infamous “funding secured” tweet about taking the electric automaker private, is officially resolved. A federal judge has approved Musk’s settlement with the SEC over securities fraud allegations. Bloomberg was the first to report the judge’s approval. […]
View More Elon Musk’s settlement with the SEC approved by judge, sending shares higherElon Musk hits back: James Murdoch is not the lead candidate for Tesla chairman spot
It’s 4:20 p.m., which means Tesla CEO Elon Musk might be tweeting. This time, the billionaire entrepreneur’s tweet debunked a Financial Times article from Wednesday that reported Twenty-First Century Fox CEO and Tesla board member James Murdoch was the lead candidate to take Musk’s chairman spot. Musk agreed in a September 29th settlement with the U.S. Securities […]
View More Elon Musk hits back: James Murdoch is not the lead candidate for Tesla chairman spotThe Hack Fund will use crypto to give startups early liquidity
Now that “utility” tokens have become a popular and international way to fund major blockchain projects, a pair of investors are creating a new way to turn tokens into true equities. The investors, Jonathan Nelson and Laura Nelson, have created Hack Fund, an early stage investment vehicle that allows startups to launch what amounts to […]
View More The Hack Fund will use crypto to give startups early liquidityElon Musk is trolling the SEC on Twitter
Tesla CEO Elon Musk trolled the U.S. Securities and Exchange Commission in a tweet Thursday afternoon, poking the bear that just days before had agreed to settle securities fraud charges against the billionaire entrepreneur. The tweet, sent out at 1:16 pm PT Thursday, says: “Just want to that the Shortseller Enrichment Commission is doing incredible […]
View More Elon Musk is trolling the SEC on TwitterTesla deliveries double, led by Model 3 surge
Tesla delivered 83,500 electric vehicles in the third quarter, more than double from the previous period as the company steered by Elon Musk pulled out all the stops to get its newest sedan, the Model 3, to customers. The company delivered 55,840 Model 3 sedans up from 18,440 in the previous quarter, which was in […]
View More Tesla deliveries double, led by Model 3 surge