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Fintech Focus For May 13, 2021
2021 May 12, 5:34pm | 1867Read More...Quote To Start The Day: “Man is the cruelest animal.” Source: Friedrich Nietzsche One Big Thing In Fintech: In addition to new venues, more new order types are likely in the US equity market this year. The US Securities and Exchange Commission has approved the introduction of periodic...
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Fintech Focus For May 10, 2021
2021 May 09, 3:06pm | 1537Read More...Quote To Start The Day: “The world is a book and those who do not travel read only one page.” Source: St. Augustine One Big Thing In Fintech: While recent information could indicate that some of the most lucrative trading activity at companies like Robinhood could be slowing, there...
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New SEC Chairman Gary Gensler Confirms A Lot Of Cryptocurrencies 'Are Indeed Securities,' Paving The Way For New Legislation
2021 May 07, 2:18pm | 389Read More...Gary Gensler, the new chairman of the Securities and Exchange Commission, believes that more regulation is required in crypto markets. What Happened: In an interview with CNBC on Friday, Gensler said that “greater investor protection” in the realm of cryptocurrencies was the need of the...
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Wall Street Crime And Punishment: Preston Tucker, The Auto Visionary Run Over By The SEC
2021 May 07, 12:15pm | 2221Read More...Does crime pay? Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall that chronicles the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction. Roughly six decades before Elon Musk joined the executive team at...
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Fintech Focus For May 6, 2021
2021 May 05, 5:11pm | 1583Read More...Quote To Start The Day: “Creativity is knowing how to hide your sources.” Source: C.E.M. Joad One Big Thing In Fintech: CME Group, the world’s leading and most diverse derivatives marketplace, today announced that it will not reopen its physical trading pits that were closed last...
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Why SmileDirectClub Stock Is Down Today
2021 May 04, 10:55am | 245Read More...SmileDirectClub Inc (NASDAQ: SDC) is trading lower Tuesday morning after the company announced Monday it experienced a cybersecurity attack that will negatively impact the company's earnings in the first quarter. What Happened: SmileDirectClub filed a form 8-K with the...
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SEC Delays Yet Another Bitcoin ETF Decision Until June
2021 Apr 29, 5:33pm | 431Read More...The U.S Securities and Exchange Commission has extended the typical 45-day time period to come to a decision on VanEck’s Bitcoin ETF application. What Happened: "The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule...
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SEC Enforcement Director Alex Oh Quits After 5 Days: What You Need To Know
2021 Apr 29, 11:06am | 378Read More...The U.S. Securities and Exchange Commission (SEC) reported the resignation of Alex Oh as director of the Division of Enforcement after only five days on the job. What Happened: The SEC announcement of Oh’s departure only cited “personal reasons” for her abrupt exit. Oh worked for...
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Largest Crypto Exchange Binance Might Have Broken The Law With Tokenized Tesla Shares, Says BaFin
2021 Apr 29, 9:39am | 346Read More...The German Federal Financial Supervisory Authority (BaFin) is scrutinizing the listing of tokenized Tesla Inc. (NASDAQ: TSLA) shares on the world's top cryptocurrency exchange Binance. What Happened: BaFin announced that Binance could have violated security rules when it listed tokenized...
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Elon Musk, SEC Sound Alarm On SPACs Again: What Investors Should Know
2021 Apr 28, 5:00pm | 608Read More...One of the most popular ways to take a private company public in the last 12 months has been through a SPAC merger. Among the benefits of choosing a SPAC over a traditional IPO are a quicker route to market and the ability to share forward-looking guidance to investors. The Securities and...
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Coinbase, Digital Currency Group Make Time Magazine's 100 Most Influential Companies List Alongside Tesla, Amazon, Other Giants
2021 Apr 28, 10:33am | 970Read More...Time Magazine has included two top crypto firms in its “top 100 most influential companies of 2021” list. What Happened: Coinbase Global Inc (NASDAQ: COIN) was included under the category “Titans” after its public debut on the Nasdaq turned out to be the...
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XRP Price Jumps Over 30% After Another SEC Motion In Ripple Lawsuit
2021 Apr 26, 9:47pm | 295Read More...Ripple (XRP) struck back against the United States Securities and Exchange Commission (SEC) in the ongoing legal battle accusing the blockchain firm of infringing securities regulations. What Happened: According to court documents sharing service CourtListener, the SEC recently ...
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Newly Appointed Binance.US CEO Believes Crypto Is Fundamental Technology Like Internet
2021 Apr 21, 5:57pm | 388Read More...Brian Brooks, the newly-appointed CEO of Binance.Us, the US arm of the world's top crypto exchange Binance, shared his insights into the company and the crypto market. What Happened: Brooks, who served as the president of the Office of the Comptroller of the Currency (OCC) under Trump...
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Coinbase CEO Brian Armstrong Sold $292M Worth Of Shares On First Trading Day
2021 Apr 20, 7:56am | 384Read More...A week after Coinbase Global Inc (NASDAQ: COIN)’s public debut on the Nasdaq, reports have emerged of the crypto exchange’s top executives selling a considerable amount of shares on the first day of trading. What Happened: According to an SEC filing, Coinbase CEO Brian...
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What Gary Gensler's Confirmation As SEC Chair Means For Crypto Industry
2021 Apr 16, 6:09am | 798Read More...Gary Gensler was confirmed by the Senate in a 53-54 vote as the new chair of the U.S Securities and Exchange Commission (SEC) earlier this week. What Happened: Gensler’s confirmation is likely to have a significant impact on the crypto industry, and industry proponents have hypothesized that...
SEC News and Filings
