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Cryptocurrency News Articles
US SEC Chairman: SEC Never Declared Bitcoin and Ethereum to be Securities
Jan 15, 2025 at 09:59 am
US SEC sues Musk for failing to disclose purchase of Twitter stock as required by regulations, missing out on $150 million
The U.S. Securities and Exchange Commission (SEC) on Tuesday sued Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk for failing to disclose his 9% stake in Twitter Inc (TWTR.N) within 11 days of crossing a 5% threshold, an omission that allowed him to continue buying shares at lower prices and avoid paying $150 million more.
The SEC filed a lawsuit in federal court in Washington, D.C., accusing Musk of alleged securities violations. The SEC said Musk violated federal securities laws by purchasing more than 9% of Twitter common stock in March 2022, but failed to disclose relevant information in a timely manner. After an 11-day delay, Musk publicly disclosed his beneficial ownership in a report submitted to the SEC on April 4, 2022.
The delay allowed Musk to continue buying Twitter shares at artificially low prices, saving at least $150 million. On April 4, 2022, Twitter's stock price rose by more than 27% from the previous day's closing price. Musk's lawyer responded that Musk did nothing wrong and the lawsuit was "a farce."
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- Fidelity Investments introduces an individual retirement account (IRA) that permits private investors to invest in cryptocurrencies
- Apr 03, 2025 at 10:10 am
- According to the company's website, investors can add virtual assets to their retirement portfolio through Fidelity Crypto for IRAs. However, only Bitcoin, Ether, and Litecoin are the assets available now.
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- President Donald Trump Announces Sweeping Reciprocal Tariffs on Global Imports and Declares April 2, 2025, “Liberation Day”
- Apr 03, 2025 at 10:10 am
- President Donald Trump marked April 2, 2025, as “Liberation Day” for American industry, signing an executive order to impose reciprocal tariffs on imports
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- The price of Solana (SOL) is desperately trying to remain above important support levels amid increasing pressure
- Apr 03, 2025 at 10:05 am
- In the last 24 hours SOL crashed from $138 to $131, wiping out gains from a mid-March rally. Technical charts show a bearish rejection at the 50% Fibonacci retracement level ($146.5)
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- Ethereum (ETH) is again in the limelight, since technical indicators indicate bullish and network activities to a possible turnaround.
- Apr 03, 2025 at 10:05 am
- The ETH is currently acting at $ 1900, whereby analysts indicate a potential bull run if the asset can reclaim the most important resistance levels.
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- U.S. House Financial Services Committee Advances “STABLE Act” Aimed at Creating a Dedicated Framework for Stablecoin Regulation
- Apr 03, 2025 at 10:00 am
- The STABLE Act, designed to create a dedicated federal framework specifically for stablecoin regulation, has reportedly gained significant bipartisan support.
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- Shocking footage has emerged of a woman cutting down a poster of independent Fowler MP Dai Le
- Apr 03, 2025 at 09:55 am
- Shocking footage has emerged of a woman cutting down a poster of independent Fowler MP Dai Le, saying she's doing so because the Vietnamese-Australian is a “Communist” and a “Muslim”.
