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Latest from Nelson Wang
Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security, Says It Will Litigate if Needed
The stablecoin issuer confirmed it has received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming.
Robinhood’s Crypto Revenue Declined 24% to $39M in Q4
The online trading broker overall missed both earnings and revenues estimates for the quarter.
Robinhood Board Authorizes Purchase of Shares Bought by FTX’s Sam Bankman-Fried, Gary Wang
The online brokerage firm is planning to buy most or all of the 55 million shares previously owned by holding company Emergent Fidelity Technologies.
Sam Bankman-Fried Appeals Judge’s Decision to Reveal Names of His $250M Bond Backers
Judge Lewis Kaplan ruled early last week that the two currently unidentified people who co-signed the bond could be made public.
US Prosecutors Ask for Postponement of SEC, CFTC Cases Against Sam Bankman-Fried
The prosecutors are asking that the civil cases be put off until the criminal case against FTX’s founder is decided.
Sam Bankman-Fried Lawyer Says Agreement Has Been Reached on Use of Messaging Apps
The former CEO of FTX was previously barred form using any messaging apps.
Silvergate Stock Tanks on Report of DOJ Probe Tied to FTX, Alameda Dealings
Shares of the crypto bank were falling almost 30% following the publication of a Bloomberg article Thursday.
86% of Stablecoin Issuer Tether Was Controlled by 4 People as of 2018: WSJ
Documents reveal the previously unknown ownership structure of the secretive stablecoin issuer.
Facebook Parent Meta’s Metaverse Division Lost $13.7B in 2022
The social media giant reported losing $4.3 billion in the division in the fourth quarter of 2022 on revenues of $727 million.
Judge Dismisses Proposed Class-Action Lawsuit Alleging Coinbase Sold Unregistered Securities
The customers also accused Coinbase of failing to register as a broker-dealer.
