Cryptocurrency Analysis and News Portal
Dan Berkovitz, one of three commissioners currently serving at the U.S. Commodity Futures Trading Commission, will be joining the Securities and Exchange Commission as general counsel following his departure in October.In a Sept. 28 announcement, the Securities and Exchange Commission, or SEC, said Berkovitz would assume the role of general
Read More
New York Attorney General Letitia James has secured a court order to shut down cryptocurrency exchange Coinseed. The order also “permanently appoints the court receiver to obtain, safeguard, and return all assets invested and traded through” the exchange. New York Attorney General Letitia James Shuts Down Crypto Exchange The office of New
Read More
Despite a strong profit and raising its guidance for the year, General Motors announced second-quarter earnings, which did not meet Wall Street’s estimates.General Motors (NYSE: GM) posted second-quarter (Q2) earnings of $34.2 billion in revenue and $1.97 in adjusted EPS, which missed Wall Street expectations. In comparison, Wall Street projected
Read More
GE is expanding its wind power production into Quebec as part of its North American growth, and it is poised to do big things there too.General Electric (NYSE: GE) has reported its second-quarter (Q2 2021) earnings result, which performed better than most estimates. The American multinational conglomerate reported total revenue
Read More
Many believe that Ethereum is still undervalued looking at the real-world utility of its blockchain.The cryptocurrency market has seen an incredible rally in the last few weeks with a number of digital assets setting new all-time highs and others nearing their previous all-time high records. The price of Ethereum has
Read More
Both General Motors and Ford have launched their electric vehicles, and Cramer believes that they stand as rivals for existing EVs. GM plans to have 30 EV models on the road by 2025.American television personality and CNBC’s Mad Money Jim Cramer recommended holding Ford Motor Company (NYSE: F) and General Motors (NYSE:
Read More
In brief:The NY Attorney General’s office has settled with Bitfinex and TetherBitfinex and Tether will cease all operations in New YorkThey will also pay an $18.5 million fine alongside other requirements to increase transparencyThe New York Attorney General’s office has reached an $18.5 million settlement with Bitfinex and Tether for
Read More
The New York Attorney General (NYAG) anticipates the handover of loan documents relating to an alleged $850 million cover-up will be completed in “the coming weeks.”In a letter filed with the New York Supreme Court on Wednesday, the NYAG said stablecoin issuer Tether and cryptocurrency exchange Bitfinex had been cooperating
Read More
James Emmett, Libra Networks Managing Director, is convinced that the expertise of Saumya Bhavsar will be crucial in launching and managing the permissioned blockchain-based payment system.Libra Networks, a subsidiary of the Libra Association has announced the appointment of legal expert Saumya Bhavsar as General Counsel of Libra Networks. The independent
Read More
A wave of scandals has hit Nikola this month.GM is the latest Nikola partner to delay closing a deal.Nikola shares are down over 80% from their June record high.In the good old days when the most controversial thing about Nikola was the lack of revenues, the energy vehicle startup touted
Read More