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SEC Sues Musk to Make Him Testify in Twitter Takeover Investigation


U.S. Securities and Exchange Commission (SEC) is trying to force Elon Musk to testify in its probe into his purchase of Twitter, now X. After some back and forth, the billionaire investor bought the social media platform for $44 billion in October 2022 and the SEC’s probe is focused on Twitter...

Uptober Begins: Bitcoin’s Rally Sparks $40K Hopes; Yet $20K Threat Lingers


The price of bitcoin (BTC) has risen 6% over the previous 30 days, pushed higher by factors such as its finite availability and growing investor confidence, according to this week’s Bitfinex Alpha report. Moreover, on October 1, a popular cryptocurrency trader suggested that $40,000 could...

Investor interest in altcoins surges as Bitcoin hits two-month high


Bitcoin’s recent surge to a two-month high has sent shockwaves through the cryptocurrency market. After a period of consolidation, Bitcoin (BTC) broke out of its trading range and experienced a significant uptrend, surpassing key resistance levels. This sudden price surge has not only caught...

SEC and 5 Other US Regulators Issue Crypto Investment Warnings


The U.S. Securities and Exchange Commission (SEC) and several other top financial regulators have issued several warnings regarding investing in crypto assets as part of this year’s World Investor Week. “The risk of loss for individual investors who participate in transactions involving crypto...

Ripple Retracts Acquisition Plans for Fortress Trust


Following the letter of intent to acquire Fortress Trust, Ripple CEO Brad Garlinghouse announced the company has decided “not to move forward with an outright acquisition.” Garlinghouse didn’t cite specific reasons for dropping the deal but said Ripple planned to remain an investor...

British Law Firm to Sue Onecoin Cryptoqueen to Recover Investor Funds


A London-headquartered law firm is preparing a lawsuit against the fugitive mastermind of the Onecoin crypto pyramid scheme, ‘Cryptoqueen’ Ruja Ignatova. Its lawyers intend to file a class action suit in the United Kingdom’s High Court, the British press revealed. Fugitive Cryptoqueen May Face U.K....

Prominent Crypto and Fintech Alumni Launch $60M Oak Grove Ventures Fund


On September 19th, Oak Grove Ventures made a significant foray into venture capital by launching a substantial $60 million fund. The fund strategically focuses on cutting-edge technology, with a keen interest in artificial intelligence (AI), Web3, and biotech. Oak Grove Ventures boasts a team...

Mark Cuban’s Crypto Wallet Hacked, $870,000 Lost


Hackers have apparently compromised a wallet belonging to billionaire investor Mark Cuban, stealing a number of cryptocurrencies. The owner of the Dallas Mavericks NBA team, who confirmed the breach, has been able to transfer the remaining digital funds to U.S. crypto exchange Coinbase. Mark...

Lawyers Push SEC to Approve Grayscale Bitcoin ETF ‘Expeditiously’ 


Lawyers representing crypto asset manager Grayscale Investments urged the Securities and Exchange Commission (SEC) to “expeditiously” approve a spot bitcoin exchange-traded fund (ETF) in a letter sent to the agency. Grayscale’s letter follows a unanimous ruling by a panel of the U.S. Court...

Musk Funded Dogecoin, Mulled Blockchain Social Media, Biography Details


A biography of billionaire investor Elon Musk reveals details about his involvement in the Dogecoin project and an idea to launch a social media platform based on blockchain. The book, which should be available later this month, also mentions a failed attempt by former crypto mogul...

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