A jury in Manhattan found Singapore-based Terraform Labs and its founder Do Kwon liable on civil fraud charges on Friday, agreeing with the Securities and Exchange Commission that they misled investors before their stablecoin’s 2022 collapse shocked cryptocurrency markets. The jury delivered the verdict in federal court after a two-week trial after hearing closing arguments earlier in the … Read more
Tupperware Brands warned that the 77-year-old company may not survive for another year and forecast inadequate liquidity to fund operations, the seller of plastic airtight food storage containers said in a filing with the SEC on Friday. Tupperware first raised substantial doubt about its ability to continue as going concern nearly a year back. Since then, it appointed consumer goods industry veteran Laurie … Read more
Vietnam internet start-up VNG withdraws IPO filing in US, as game publisher weighs future plans Vietnamese internet start-up VNG Ltd withdrew its registration for an initial public offering in the US, raising questions about the gaming and messaging company’s growth plans. The company determined not to conduct a registered offering at this time and plans … Read more
Pawan Passi. | Photo Credit: Reuters Morgan Stanley will pay $249 million to settle civil and criminal charges connected to stock trades where it disclosed key information that it promised to keep confidential, U.S. authorities announced. The conduct concerns large equity trades in which Morgan Stanley trading staff between 2018 and 2021 leaked information to … Read more
US-listed Bitcoin exchange-traded funds saw $4.6 billion worth of shares trade hands as of Thursday afternoon, according to LSEG data, as investors jumped into the landmark products approved by the US securities regulator on Wednesday. The products mark a watershed moment for the cryptocurrency industry that will test whether digital assets — still viewed by many professionals as risky … Read more
The US securities regulator on Wednesday approved the first US-listed exchange traded funds to track bitcoin, its Chair Gary Gensler said, in a watershed for the world’s largest cryptocurrency and the broader crypto industry. The agency approved applications, including from BlackRock, Ark Investments, 21Shares, Fidelity, Invesco, and VanEck, among others, according to a notice on its … Read more
