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'There is no reason to treat the crypto market differently from the rest of the capital markets just because it uses a different technology': SEC chief Gary Gensler

‘There is no reason to treat the crypto market differently from the rest of the capital markets just because it uses a different technology’: SEC chief Gary Gensler

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““We can get rid of the idea that crypto loans are not subject to regulation. Rather, the rules have been around for decades. The platforms don’t follow them.’” — Gary Gensler, Securities and Exchange Commission What do automakers have to do with crypto lending platforms? Consumers and investors deserve protection — that applies to both …

‘There is no reason to treat the crypto market differently from the rest of the capital markets just because it uses a different technology’: SEC chief Gary Gensler Read More »

'Squashed like a bug': distressed bond manager makes multi-billion dollar bet against Tesla

‘Squashed like a bug’: distressed bond manager makes multi-billion dollar bet against Tesla

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Scott Burg, the chief investment officer of Deer Park Road Management Co, who predicted that Tesla would become “crushed like an insect” in a 2020 tweet, he bought put options on nearly 4.8 million Tesla shares in the second quarter, according to a regulatory filing this week, Bloomberg and Barron’s reported. The stock backed by …

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Apple Users Need To Update Zoom --- And Beware Of Fake Coinbase Jobs

Apple Users Need To Update Zoom — And Beware Of Fake Coinbase Jobs

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Bad apples have given iPhone, Mac and iPad users more reasons to worry. Apple AAPL, -1.51% shared two security reports this week warning of serious vulnerabilities in some of its devices, which could allow attackers to take full control of iPhones, iPads and Macs. Users were advised to update affected devices, including: iPhone 6S and …

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Has the Fed 'Misinterpreted' Stock Market Again? What strategists say about the reaction to the July minutes

Has the Fed ‘Misinterpreted’ Stock Market Again? What strategists say about the reaction to the July minutes

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Minutes from the Federal Reserve’s July meeting — at which policymakers raised benchmark interest rates by 75 basis points — indicate that stock market participants were pricing in a “less aggressive” policy outlook too quickly, some strategists argued Wednesday. Federal Reserve officials agreed in July that it was necessary to raise their benchmark interest rates …

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