April 21st, 2025
SEC Crypto News - Page 117
Tesla CEO Elon Musk Awarded Stock Worth More Than $700 Million
By Darya Rudz
May 29th, 2020
Before now, Tesla has already hit three targets that allow Elon Musk to exercise the stock options. They included $100 billion in average market cap in a 30-day period, $20 billion revenue, and $1.5 billion in earnings before adjustments.
Louisiana Lawmakers Propose Bill for Licensing Cryptocurrency Businesses
By Bhushan Akolkar
May 26th, 2020
Louisiana’s House of Representatives has forwarded a bill that seeks to establish clear directives and regulatory infrastructure that will allow crypto businesses to work legally in the state.
Moderna (MRNA) Stock Below $70 Again, Why It Jumped and Then Plunged?
By Teuta Franjkovic
May 24th, 2020
The Moderna episode is a case study of how the coronavirus pandemic and the desperate hunt for treatments and vaccines are shaking up the financial markets. Now Moderna (MRNA) stock is trading below $70 again.
Kadena Collaborates with Chainlink in First Hybrid Blockchain Oracle Integration
By Teuta Franjkovic
May 19th, 2020
Chainlink and Kadena will be first in the industry in deploying oracles to a public/private hybrid blockchain platform.
Bitcoin Is More Profitable to Invest Into than Bank Stocks
By Teuta Franjkovic
May 19th, 2020
Bitcoin price rose more than 36% since the year’s beginning while the shares of banking giants have experienced huge fallings.
Jack Ma to Quit SoftBank Board, Vision Fund Posts Record $18 Billion Loss
By Muhaimin Olowoporoku
May 18th, 2020
Jack Ma, China’s richest man and co-founder of Alibaba Group, is going to leave the board of SoftBank on June 25. SoftBank’s Vision Fund has announced that its losses amount to $18 billion.
Ripple Working on New Blockchain-Based Loans Product
By Darya Rudz
May 13th, 2020
A new product on the Ripple network would not only reduce the time required to avail capital loans but also improve transparency between the parties involved.
Telegram Gives Up on TON Blockchain Project
By Teuta Franjkovic
May 12th, 2020
Telegram founder Pavel Durov wrote in his public channel on Tuesday that the Telegram Open Network (TON) project would be discontinued due to the company’s ongoing legal fight with the U.S. Securities and Exchange Commission (SEC).
TON Launches under Different Name with TON Crystal Token Trying to Beat SEC
By Teuta Franjkovic
May 7th, 2020
Free TON and TON Crystal tokens are to be launched today by the decentralized community, but it is said that Telegram needs to leave the project.
SQ Stock Down 4% Now, Bitcoin Revenues in Square Cash App Top Fiat Revenues in Q1
By Bhushan Akolkar
May 7th, 2020
Although the company’s losses have jumped higher, the revenue for the Square Cash App has also gone significantly higher. The good thing is as businesses shift towards online presence, Square has seen some big merchants joining its platform during the pandemic period. SQ stock is down now.
Inovio (INO) Pharmaceuticals Stock Fell 5% as Class Action Lawsuit Brews
By Tolu Ajiboye
May 6th, 2020
Inovio Pharmaceuticals might see a plunge in its 2020 gains if a class action lawsuit proves the company deliberately misled the public. Yesterday, INO stock lost over 5% of its value.
Hertz Global Stock Down 16% Yesterday, Up 5% in Pre-market, Company on Brink of Bankruptcy
By Darya Rudz
May 6th, 2020
Hertz Global’s debts make up about $20 billion. If Hertz does not agree with its creditors about how to rework its debt before May 22, it will have to file for Chapter 11 court protection. HTZ stock price has fallen significantly.
TON U.S. Investors to Be Repaid 72% of Inputs, Telegram Offers More Options for Others
By Darya Rudz
May 5th, 2020
As Telegram is at loggerheads with the U.S. SEC, it has delayed the launch of its new network for the second time. Now it will pay U.S. investors 72% of their inputs, while non-U.S. investors may wait for a year and receive either Grams or 110%.
Elon Musk Puts Two Houses on Market After His Tweet about Selling Almost All Possessions
By Christopher Hamman
May 5th, 2020
Elon Musk has listed two of his houses for sale on Zillow.com. Meanwhile, Tesla (TSLA) stock is moving higher again.
Tesla (TSLA) Stock Lost 10% after Friday’s Tweets from Elon Musk
By Muhaimin Olowoporoku
May 2nd, 2020
Tesla (TSLA) stock lost over 10% yesterday. The fall is attributed to a series of controversial tweets from Elon Musk. In one of them, he said that TSLA stock price is too high.