In an interview Tuesday on CNBC JPMorgan CEO Jamie Dimon commented on cryptocurrencies and their delusion, as he has warned a number of times. He labelled them “decentralized Ponzi schemes” back in October. A clearly annoyed Dimon with the incompetency of CNBC and their ilk when asked on Crypto, who we should remind was mocked multiple times by crypto zealots and pay for play analysts like those on CNBC responded in kind. When asked about after the FTX mega or … Continue reading “Crypto Tokens are Like Pet Rocks says JPMorgan’s Jamie Dimon”
The US Securities and Exchange Commission on Monday charged S&P Global Ratings with conflict-of-interest violations. The SEC said the ratings agency violated conflict of interest rules designed to prevent sales and marketing considerations from influencing credit ratings. In the same press conference, the SEC announced S&P Global had settled for $2.5 million quickly putting the story to bed would be the hope. There was no word on why the SEC has been deathly quiet on the FTX fraud, collapse and … Continue reading “S&P Global Ratings Settles Conflict of Interest Violations with SEC”
The US Justice Department announced it has seized over $3.6 billion in cryptocurrency at today’s prices in what has been touted as the single largest financial seizure ever. They seized bout 94,000 of the 119,754 Bitcoin they alleged as stolen. It would be worth about $4.1B at today’s prices. The DoJ arrested Ilya Lichtenstein, 34, and his wife Heather Morgan. 31, with conspiring to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex. The couple will make an … Continue reading “US Justice Dept Seized $3.6 Billion in Bitcoin in Largest Financial Seizure Ever”
The SEC charged boxing champion Floyd Mayweather and rapper DJ Khaled for not disclosing their payment from Centra Tech ICO, the two settled without admitting or denying the charges. The founders were arrested in April for fraud by the SEC.
Former Equifax executive Jun Ying, former chief information officer of an Equifax division known as U.S. Information Solutions has been charged by the SEC with insider trading. He is accused of selling more than $950,000 in stock before the data breach was made public.