SEC Financial News

₹28,953 crore) to acquire shares from its non-controlling interest holders in first half of 2023, said a report by PTI citing Walmart’s statement. During the first half of 2023, Flipkart received $700 million related to new rounds of equity funding for its subsidiary PhonePe, said the Bentonville-based Walmart in a US Securities & Exchange Commission (US SEC) filing. “During the six months ended July 31, 2023, the company paid USD 3.5 billion to acquire shares from certain Flipkart noncontrolling interest holders and settle the liability to former noncontrolling interest holders of PhonePe"said the report quoting Walmart’s US SEC filing.

The U.S. Securities and Exchange Commission (SEC) has secured approval to collaborate with South Korea in its probe against Terraform Labs and its co-founders, Daniel Shin and Do Kwon. This decision, sanctioned by District Judge Jed Rakoff on August 16, allows the SEC to question Shin and access documents from Chai Corporation, a Seoul-based payments provider he founded.

U.S. Securities and Exchange Commission (SEC) is reportedly gearing up to approve several exchange-traded funds (ETFs) tracking Ethereum futures concurrently. This move signifies a potential shift in the regulatory stance towards digital asset-based ETFs.

Cryptocurrency exchange Gemini has filed a reply brief in response to a lawsuit initiated by the United States Securities and Exchange Commission (SEC). The lawsuit, which is being heard in the U.S. District Court for the Southern District of New York, alleges that Gemini's service, Gemini Earn, violated securities regulations by offering «unregistered securities.»

In a strategic move, Cumberland, a prominent player in the crypto space, offloaded 8,000 $ETH, equivalent to $14.4 million, just before the cryptocurrency market took a downturn.

Elon Musk, the CEO of Tesla and SpaceX, publicly endorsed Vivek Ramaswamy, the emerging United States Republican presidential candidate. On August 18, 2023, Musk responded to a post by Tucker Carlson on Twitter, stating, «He is a very promising candidate.» Carlson's original tweet even highlighted Ramaswamy as the «youngest Republican presidential candidate ever» and emphasized his significance in the current political landscape.

The cryptocurrency market is once again filled with dramatic twists and turns. While Bitcoin price faces headwinds, largely due to the US Securities and Exchange Commission's (SEC) recent decision to delay approvals for spot bitcoin exchange-traded fund (ETF) applications, there's a palpable buzz in the meme coin sector. 

Chief Financial Officer (CFO) and General Counsel at crypto venture capital firm Paradigm are set the leave the company this month.

Lawyers representing Ripple in its lawsuit with the United States Securities and Exchange Commission (SEC) have suggested the regulator hasn’t met the requirements to request an appeal.

It was one step forward, one step back this week toward a world in which cryptocurrency investments start popping up widely in retirement accounts.

By Jonathan Stempel

By Carolina Mandl

Following the United States Securities and Exchange Commission (SEC) delaying decisions on several spot Bitcoin exchange-traded funds, former commission chair Jay Clayton said he believed approval was still going to happen at some point.

Florida in Gainesville with the hope of making it to the playoff stage. Earlier, FSU recorded wins at the Gainesville while Florida may stare at their third losing season. Breaking a losing streak, FSU scored a 45-38 win against the Gators last year. They have played together 13 times in 11 seasons between 1990 and 2000, all the games were played between the top 10 teams, including six games played between the top five teams.

The price of Bitcoin (BTC) ended down for the second consecutive month yesterday, despite bullish news that a spot Bitcoin exchange-traded fund (ETF) could be coming soon.

Fresh off a pivotal win in court this week, Grayscale Investments LLC may soon find itself in another fight: the $7.5 trillion US exchange-traded industry’s never-ending contest over fees.

You don’t have to want to invest in bitcoin to be in favour of United States regulators giving their approval to a bitcoin exchange-traded fund. You can disapprove of other people putting their money into the cryptocurrency, but defend the idea that the U.S. Securities and Exchange Commission (SEC) should let them. Perhaps not to the death — we don’t need to go all Voltaire about this — but you get the idea.

In the first case involving the SEC's amended marketing rule, Tian has agreed to pay over $1 million to settle the charges, without admitting or denying the findings.According to the SEC, between August 2021 and October 2022, Titan, which offers multiple complex strategies to retail investors through its mobile trading app, made misleading statements on its website regarding hypothetical performance, including by advertising “annualised” performance results as high as 2,700% for its crypto strategy.The regulator says the adverts were misleading because they failed to include material information, for example, that the hypothetical performance projections assumed that the strategy’s performance in its first three weeks would continue for an entire year.The order also found that Titan made conflicting disclosures to clients about how it custodied crypto assets.Osman Nawaz, chief of enforcement’s complex financial instruments unit, SEC, says: "The Commission amended the marketing rule to allow for the use of hypothetical performance metrics but only if advisers comply with requirements reasonably designed to prevent fraud."Titan’s advertisements and disclosures painted a misleading picture of certain of its strategies for investors.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Bitcoin's price landscape remains dynamic and ever-evolving. As the cryptocurrency is currently trading at $26,081, marking a over 4% decline on Friday, the backdrop presents a mix of challenges and opportunities. 

The crypto community, digital asset organizations and lawmakers have voiced their backing for the Coinbase vs. United States Securities Exchange Commission lawsuit's dismissal. In a recent update, a fresh attorney, Patrick V. Kennedy, has entered the fray, seeking court approval to represent the Chamber of Digital Commerce as amicus counsel.