Canada’s main securities regulator has cleared the launch of the world’s first bitcoin exchange traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading interest. Reuters reports: The Ontario Securities Commission has approved the launch of Purpose Bitcoin ETF, Toronto-based asset management company Purpose Investments Inc. said in a…
Tag: commission
Government Agencies Begin Investigating Robinhood, Reddit Over GameStop Stock
An anonymous reader quotes a report from CNET: GameStop’s stock price shot through the roof in late January thanks to traders on Reddit. Now at least two government agencies are reportedly investigating why it happened as well as what roles Reddit and trading app Robinhood played in the stock market craziness. The Department of Justice’s fraud section and the San Francisco…
Reddit User Claiming To Be Tesla Insider Appeared To Reveal Bitcoin Buy a Month Ago
A Reddit user claiming to be a Tesla insider appeared to announce the carmaker’s purchase of bitcoin a month ago, according to a January post on the platform that said the electric carmaker had bought $800 million worth of Bitcoin. Reuters reports: The post here received little attention when it appeared, with the date on it reading Jan. 2, but it…
Ban on Wireless Modems In Voting Machines Should be Optional, Suggests US Election Agency
The U.S. agency overseeing elections has “quietly weakened a key element of proposed security standards…” reports the Associated Press, “raising concern among voting-integrity experts that many such systems will remain vulnerable to hacking.” The Election Assistance Commission (EAC) is poised to approve its first new security standards in 15 years after an arduous process involving multiple technical and elections community bodies…
SpaceX Says Its Starlink Satellite Internet Service Now Has Over 10,000 Users
SpaceX disclosed in a public filing on Thursday that its Starlink satellite internet service now has “over 10,000 users in the United States and abroad.” From a report: “Starlink’s performance is not theoretical or experimental … [and] is rapidly accelerating in real time as part of its public beta program,” SpaceX wrote in a filing with the Federal Communications Commission. Elon…
Myanmar Blocks Facebook as Resistance Grows To Coup
Myanmar’s new military government blocked access to Facebook as resistance to Monday’s coup surged amid calls for civil disobedience to protest the ousting of the elected government and its leader, Aung San Suu Kyi. From a report: Facebook is especially popular in Myanmar and is how most people access the internet. The military seized power shortly before a new session of…
How to prevent crashes between orbiting satellites
Thousands more satellites will soon orbit Earth. We need better rules to prevent space crashes. Source: https://earthsky.org/space/satellites-prevent-space-crashes…
How Reddit’s Co-Founder, Jim Cramer, and Wall Street Reacted to GameStop’s Surge
Friday afternoon CNBC reported that “heightened speculative trading by retail investors” (later referred to as “GameStop mania”) had “continued to unnerve the market.”
The Dow Jones Industrial average lost 620.74 points, or 2%, to 29,982.62, the first time the 30-stock gauge has closed below the 30,000 mark since Dec. 14…. The market also experienced the highest trading volume in years as the…
SEC To Review Brokers’ Restrictions on GameStop, AMC Trading
Securities regulators said Friday they plan to closely review the actions of some brokerage firms [Editor’s note: the link may be paywalled; alternative source] that restricted investors’ ability to trade volatile stocks such as GameStop this week. From a report: The Securities and Exchange Commission’s statement on Friday is the clearest indication yet that regulators are examining potential misconduct around the…
Coinbase Settles On Direct Listing To Go Public
In a blog post today, Coinbase announced that its public debut will be a direct listing instead of a traditional IPO. From the announcement: Coinbase Global, Inc. today announced its intent to become a publicly-traded company pursuant to a proposed direct listing of its Class A common stock. Such proposed listing is expected to be pursuant to a registration statement on…