After years of regulatory “harassment” under the Biden administration — as one notable investor described it to NYNext — the cryptocurrency community is celebrating Donald Trump’s inauguration as the end to a four-year “terror,” and heralding significant policy reversal aimed at legitimizing the industry. This shift is marked by the appointment of crypto-friendly officials like … Read more
Elon Musk was sued on Tuesday by the US Securities and Exchange Commission (SEC), which accused the world’s richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, the social media company he later bought. In a complaint filed in Washington federal court, the SEC said Musk … Read more
Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated US$40 billion in 2022, was set to appear in US court on Thursday to face criminal fraud charges after being extradited from Montenegro this week. Federal prosecutors in Manhattan in March 2023 charged Kwon, who co-founded Terraform Labs and developed … Read more
Wokeness is in retreat, but its stench will be hard to eliminate. Consider the curious case of the bone-headed “Nasdaq diversity rules” — edicts by the stock market giant to force every company that “lists” there to choose a board of directors that stresses intersectionality — racial, sexual and gender diversity — as opposed to … Read more
The Lagos State Commissioner for Health, Akin Abayomi, has said that establishing the Lagos University of Medicine and Health Sciences will increase the production of medical professionals. At the Lagos Medipark groundbreaking ceremony on Saturday, Mr Abayomi said to counteract the brain drain, “We’re creating the brain gain by making Lagos attractive, and we’re producing … Read more
The Ripple-affiliated XRP prices blasted off to reach multi-year highs of $2.47 per token before receding to $2.38 on December 2, the highest since $1.61 in May 2021. With a market capitalisation of $136 billion, Ripple XRP price predictions reached as high as $4.804 from analysts, including Javon Marks, much higher than the token’s record … Read more
Elon Musk’s business empire is sprawling. It includes electric vehicle maker Tesla, social media company X, artificial intelligence startup xAI, computer interface company Neuralink, tunneling venture Boring Company and aerospace firm SpaceX. Some of his ventures already benefit tremendously from federal contracts. SpaceX has received more than $19 billion from contracts with the federal government, … Read more
Robinhood Chief Legal Officer Dan Gallagher, reportedly a top contender to lead the Securities and Exchange Commission under President-elect Donald Trump, said Friday he is not interested in returning to a government position. Gallagher was appointed to the agency by former president Barack Obama and served as an SEC commissioner from 2011 to 2015. “It … Read more
Donald Trump’s White House win could have a major impact on antitrust regulation and US policy toward the tech sector — including a pair of pending Justice Department cases against Google. Trump — a longtime Google critic who has accused the search giant of political bias and election interference — has nevertheless expressed reluctance to … Read more
EY fired dozens of US staffers for taking multiple online training courses at a time, according to a report. The “Big Four” accounting firm claimed the employees had cheated, while staffers said the incident was just a result of the task-heavy work culture encouraged by the firm. The company terminated employees last week after an … Read more
