The price of bitcoin — now over $57,000 — has nearly doubled in the last 7 weeks. Even Elon Musk tweeted that its price seems high — though one analyst tells Bloomberg that Tesla has already made a profit of nearly $1 billion from its recent Bitcoin investment, more than it earned selling electric cars in all of 2020. Yet speaking…
Tag: SEC
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…
Was GameStop’s Rise Actually Orchestrated By Hedge Funds?
Robert J. Shapiro advised senior members of the Obama administration on economic policy, and served as an Under Secretary of Commerce under Bill Clinton. Now a senior fellow at the McDonough School of Business at Georgetown, he’s suspicious of the surge in GameStop’s stock price:
Allegedly, this is the tale of scrappy, small online day traders buying shares of a beleaguered company…
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…
What is the Sickle in Leo?
The Sickle in Leo is an easy-to-spot backward question mark shape made of stars that marks the head and shoulders of the constellation of the lion. The moon sometimes passes in front of the Sickle’s brightest star, Regulus. Source: https://earthsky.org/favorite-star-patterns/the-sickle-backward-question-mark-pattern-in-leo…
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…
Discord Bans the r/WallStreetBets Server As Subreddit Goes Private
According to The Verge, Discord has banned the r/WallStreetBets server for allowing “hateful and discriminatory content after repeated warnings.” It did not ban the server for financial fraud. We have also learned that Reddit’s WallStreetBets subreddit has been set to private. Here is Discord’s full statement: The server has been on our Trust & Safety team’s radar for some time due…
Korean Artificial Sun Sets the New World Record of 20-Sec-Long Operation At 100 Million Degrees
The Korea Superconducting Tokamak Advanced Research(KSTAR), a superconducting fusion device also known as the Korean artificial sun, set the new world record as it succeeded in maintaining the high temperature plasma for 20 seconds with an ion temperature over 100 million degrees. Phys.Org reports: On November 24 (Tuesday), the KSTAR Research Center at the Korea Institute of Fusion Energy (KEF) announced…
XRP Cryptocurrency Crashes Following Announcement of SEC Suit Against Ripple
An anonymous reader quotes a report from TechCrunch: The value of one of the world’s most valuable cryptocurrencies is crashing and a recently filed SEC complaint is at the root of the free fall. According to CoinMarketCap, the XRP token’s value has declined more than 42% in the past 24 hours and is down more than 63% from its 30-day high…
SEC Formally Sues Cryptocurrency Company Ripple
U.S. securities regulators on Tuesday sued cryptocurrency giant Ripple, and both its CEO and executive chairman, for allegedly selling over $1.3 billion in unregistered securities. Axios reports: Ripple on Monday had publicly disclosed that the lawsuit was to be filed imminently, and said it does not believe its tokens needed to be registered. XRP, the cryptocurrency created by Ripple in 2012,…