Article: XRP Pumped To $1, Ignoring SEC Lawsuit

Article - Media, Publications

XRP Pumped To $1, Ignoring SEC Lawsuit

Dana Sanchez, 07 April 2021

XRP, the currency that runs on the digital payment platform RippleNet, hit $1 on Tuesday morning EDT, becoming the fourth highest-valued cryptocurrency with a $45.5 billion market cap despite being sued by the U.S. agency that works against market manipulation.

After rising as high as $1.12, XRP was trading at $0.96 as of this writing, with a $43.567 billion market cap — still ranked at No. 4 by CoinMarketCap, before slipping down to fifth place after Tether. Continue reading “Article: XRP Pumped To $1, Ignoring SEC Lawsuit”

Article: Bitcoin’s ‘Kimchi premium’ slips as South Korean officials pledge action on illegal crypto market activities

Article - Media, Publications

Bitcoin’s ‘Kimchi premium’ slips as South Korean officials pledge action on illegal crypto market activities

Kollen Post, 07 April 2021

South Korea’s government has pledged to focus on illegal activities in crypto markets.

The South Korean Financial Services Commission, Ministry of Finance, Ministry of Justice, among other regulators, met on April 7 to discuss virtual asset trading. In their announcement following the meeting, the authorities wrote: Continue reading “Article: Bitcoin’s ‘Kimchi premium’ slips as South Korean officials pledge action on illegal crypto market activities”

Article: Dilworth Paxson Settles With Trust That Alleged Firm Role in Bond Fraud

Article - Media, Publications

Dilworth Paxson Settles With Trust That Alleged Firm Role in Bond Fraud

Justin Henry , 07 April 2021

The Chicago health care trust that sued Dilworth Paxson in 2019 for its alleged role in an almost $40 million fraudulent bond sale agreed to a settlement with the firm last week, ending a dispute with the trust that sought millions in damages from the Philadelphia-based firm.

The Chicago Transit Authority Retiree Health Care Trust and the trust’s board of trustees dismissed claims against Dilworth and Timothy Anderson, a former partner at the firm, with prejudice, pursuant to a settlement on March 31. Terms of the settlement require each party to bear its own fees, according to the stipulation of dismissal.

Read Full Article

Article: Here’s What We Know Right Now About Matt Gaetz’s Indicted Tax Collector Friend Joel Greenberg

Article - Media, Publications

Here’s What We Know Right Now About Matt Gaetz’s Indicted Tax Collector Friend Joel Greenberg

AARON KELLER, 07 April 2021

A former Florida tax collector and close associate of Rep. Matt Gaetz (R-Fla.) is facing a 45-page federal indictment alleging wire fraud, sex trafficking, and a litany of other offenses connected to the alleged abuse of his office and other crimes. That former tax collector, Joel Greenberg, is suspected of being a possible cooperating witness against Gaetz, Politico and others have recently reported, as Gaetz faces a reported inquiry into his own sexual behavior. Continue reading “Article: Here’s What We Know Right Now About Matt Gaetz’s Indicted Tax Collector Friend Joel Greenberg”

Article: JPMorgan’s Dimon Admits “Something Has Gone Terribly Wrong” In America… And China Knows It

Article - Media, Publications

JPMorgan’s Dimon Admits “Something Has Gone Terribly Wrong” In America… And China Knows It

TYLER DURDEN, 07 April 2021

As his bank tries to offload big blocks of Manhattan real estate, JPMorgan CEO Jamie Dimon proclaimed in his latest annual letter to shareholders, published Wednesday morning, that the economic expansion in the US could run through 2023, which would justify lofty equity valuations which recently pushed the S&P 500 north of 4K.

And the CEO who once called for the US to raise taxes on the rich and adopt more explicitly socialist policies to expand access to higher education, housing and child care, praised the federal government’s response to the economic crisis caused by the COVID pandemic. Consumers who are now flush with savings will help drive an economic boomDimon wrote in his 34K-word missive.

Read Full Article

Article: Tougher penalties come into force for naked short selling

Article - Media, Publications

Tougher penalties come into force for naked short selling

Choi Jae-hee, 06 April 2021

Investors engaged in naked short selling will be fined up to 100 percent of their order amount, the nation’s top financial regulator said Tuesday.

According to the policymaking Financial Services Commission, the revised Capital Markets Act, which imposes tougher penalties for naked short selling, has taken effect on the same day.

Short selling is a trading tactic where investors immediately sell borrowed stocks on a bet that share prices will fall, allowing them to later repurchase stocks and return them to the lender. Some investors sell stocks without borrowing, known as “naked” short selling, which is currently illegal in the local capital market. Continue reading “Article: Tougher penalties come into force for naked short selling”

Article: NANO-X IMAGING LTD Files 2020 Annual Report on Form 20-F

Article - Media, Publications

NANO-X IMAGING LTD Files 2020 Annual Report on Form 20-F

GLOBE NEWSWIRE, 06 April 2021

NANO-X IMAGING LTD (NASDAQ: NNOX) (www.nanox.vision) (“Nanox” or the “Company”), the innovative medical imaging technology company democratizing healthcare, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the U.S. Securities and Exchange Commission (“SEC”) on April 6, 2021. The annual report on Form 20-F, which contains the Company’s audited consolidated financial statements, can be accessed on the SEC’s website at www.sec.gov and on the Company’s website at www.nanox.vision under “Financials” in the Investors section. Continue reading “Article: NANO-X IMAGING LTD Files 2020 Annual Report on Form 20-F”

Article: Rosen Law Aims To Lead Securities Claims In Robinhood MDL

Article - Media, Publications

Rosen Law Aims To Lead Securities Claims In Robinhood MDL

Elise Hansen, 06 April 2021

The Rosen Law Firm PA on Tuesday sought to spearhead securities claims against Robinhood in newly centralized suits over the stock-trading app’s decision to block users from buying certain volatile stocks such as GameStop.

Cody Todd requested to serve as lead plaintiff for certain Robinhood Markets Inc. customers, with the Rosen Law Firm as lead counsel. The motion is the first such request since the suits were centralized in Florida federal court last week. Continue reading “Article: Rosen Law Aims To Lead Securities Claims In Robinhood MDL”

Article: FINRA Fines Credit Suisse $345K For Worker Oversight Lapse

Article - Media, Publications

FINRA Fines Credit Suisse $345K For Worker Oversight Lapse

Al Barbarino, 06 April 2021

Credit Suisse Securities failed to monitor thousands of its employees’ outside brokerage accounts for “potentially deceptive” trading practices, according to a Financial Industry Regulatory Authority settlement that censures the broker-dealer and slaps it with a $345,000 fine.

The New York-based subsidiary of Credit Suisse Group failed to adequately track whether its new employees had disclosed outside brokerage accounts, according to the settlement, which was published Monday. Continue reading “Article: FINRA Fines Credit Suisse $345K For Worker Oversight Lapse”

Article: RIPPLE’S XRP BLASTS PAST SEC LAWSUIT FEARS TO HIT THREE-YEAR HIGH

Article - Media, Publications

RIPPLE’S XRP BLASTS PAST SEC LAWSUIT FEARS TO HIT THREE-YEAR HIGH

YASHU GOLA, 06 April 2021

XRP bulls are back!

The Ripple blockchain’s native token, which got embroiled in a legal controversy with the US Securities and Exchange Commission over its alleged securities status — and which led to the delisting of its highly traded financial instruments across many US-based crypto exchanges, reached its highest levels in three years this week.

XRP’s price against the US dollar hit $0.948 on Tuesday, up 66.15 percent into April 2021. The token’s major upside move surfaced partly due to a rally across the cryptocurrency market and else due to anticipations that it would walk through the SEC lawsuit unharmed. Continue reading “Article: RIPPLE’S XRP BLASTS PAST SEC LAWSUIT FEARS TO HIT THREE-YEAR HIGH”

Article: Reflecting crypto craze, crypto-related scams spiral higher in the U.K.

Article - Media, Publications

Reflecting crypto craze, crypto-related scams spiral higher in the U.K.

SOPHIE MELLOR, 06 April 2021

As the value of virtual currencies spirals ever higher, so have the scams related to them.

According to new data from the U.K.’s fraud reporting service Action Fraud, scams involving cryptocurrency investment rose 57% across the U.K. in 2020, with a total of 5,581 reports made.

Investors lost a total of £113 million to crypto scammers in 2020, up from £76.6 million the previous year. Continue reading “Article: Reflecting crypto craze, crypto-related scams spiral higher in the U.K.”

Article: After Taking $4.7 Billion Hit, Credit Suisse Executives Step Downs

Article - Media, Publications

After Taking $4.7 Billion Hit, Credit Suisse Executives Step Downs

Alicia McElhaney, 06 April 2021

The hits keep coming for investment banking giant Credit Suisse.

The firm announced Tuesday that it expects to take a CHF 4.4 billion (USD $4.7 billion) writedown following losses related to family office Archegos Capital Management’s failure to meet its margin requirements.

Executives are stepping down, and the firm has launched two investigations: one into Archegos, and another into Credit Suisse’s purchase of Greensill Capital’s supply chain debt. Thomas Gottstein, chief executive officer of the firm, called the losses tied to Archegos “unacceptable.” Continue reading “Article: After Taking $4.7 Billion Hit, Credit Suisse Executives Step Downs”

Article: Robinhood drops the confetti, but advisers aren’t convinced

Article - Media, Publications

Robinhood drops the confetti, but advisers aren’t convinced

Nicole Casperson, 06 April 2021

This week millions of Robinhood users may have noticed that the celebratory confetti graphics that used to rain down after each trade have been replaced with images of floating geometric shapes, according to an announcement from the company last Wednesday. Robinhood also changed the images it displays when a customer signs up for premium service Robinhood Gold or deposits money on the app.

The app’s infamous confetti graphic garnered heavy criticism of its gamification strategy during a Feb. 18 congressional hearing where Chief Executive Vlad Tenev testified. Continue reading “Article: Robinhood drops the confetti, but advisers aren’t convinced”

Article: Could I be missing something? 4+ bear potential cases against gold and silver

Article - Media, Publications

Could I be missing something? 4+ bear potential cases against gold and silver

Lobo Tiggre, 06 April 2021

Novelist-philosopher Ayn Rand famously admonished us to “check our premises.” That’s a fancy way of saying that it pays to ask ourselves if we might be missing something—especially when confronted with a situation that makes no sense.

The nonsensical investment reality of the day is that signs of rising inflation are causing the price of gold—the world’s best inflation hedge for thousands of years—to fall.

I’ve explained why this is happening several times: nominal rates are rising in response to expectations of higher inflation faster than CPI. Anyone can look at their budget over the years and see that official CPI is bunk, but it’s the number policymakers, businesses, and most investors use. Continue reading “Article: Could I be missing something? 4+ bear potential cases against gold and silver”

Article: The Nonfungible Token

Article - Media, Publications

The Nonfungible Token

Scott H. Kimpel, 06 April 2021

A recent Bloomberg article reported that average prices for nonfungible tokens, or NFTs, are down approximately 70 percent from recent highs. NFTs are the latest innovation in digital assets and encompass digital representations of unique works of art, music, or other goods and experiences stored on blockchain. Unlike other digital assets such as bitcoin, in which each bitcoin is the same as every other one (and thus “fungible”), each NFT is theoretically unique and different from every other one (and thus “nonfungible”). A wide range of NFTs have begun to enter the marketplace over the past several months. A digital work of art represented by an NFT recently sold at auction for over $69 million, and even a professional sports league has begun to issue NFTs. A fascinating debate about the social and economic utility of NFTs has emerged, but what are some of the legal issues associated with this new digital asset class? Continue reading “Article: The Nonfungible Token”

THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?