According to the SEC’s complaint, filed in the United States District Court for the Southern District of New York, from approximately January 2017 to January 2018, BitConnect, one of the most famous Ponzi schemes of all time, used a network of promoters, including U.S.-based Trevon Brown (a.k.a. Trevon James), Craig Grant, Ryan Maasen, and Michael Noble (a.k.a. Michael Crypto) to market and sell securities in its “lending program.” The SEC’s complaint alleges that these promoters offered and sold the securities without registering the securities offering with the Commission, and without being registered as broker-dealers with the Commission, as required by the federal securities laws....

Indeed, over the course of one month, SHIB has attracted over 20,000 new investors as interest returns to the decentralized finance (DeFi) asset, according to data Finbold retrieved from CoinMarketCap on July 11. As per this data, SHIB had 1,178,157 holders on June 12, whereas as of July 11, there were 1,199,539 holders of the meme token, representing total growth of 21,382 across this time frame. SHIB overcomes past losses Between March 16 and March 17, the number of unique addresses on the network that held the dog meme currency suffered a tremendous dip, losing 32,832 holders as their number dropped from 1,199,453 to 1,166,621 in just one day....

SNOW, with a share of 35%, as per GlobalData report was the most discussed company among Redditors. One of the reasons for the discussions was that the company reported its earnings on May 25, which were below expectations. On the earnings front, the company had revenues of $422.37 million, an increase of 84.5% year-on-year (YoY), which also represented an increase of $9.36 million. Meanwhile, earnings per share (EPS) for Q1 was -$0....

Due to a lack of clear crypto regulations rules, there is a dispute on whether tokens linked to the Terra ecosystem should be regulated like other traditional asset classes such as stocks and bonds, Bloomberg reported on October 26. The prosecution’s case has recently been dealt a blow after the court turned down a request by the prosecutor’s office to detain a person linked to Terraform Labs ecosystem. According to the judge, it is still contentious if the individual violated the South Korean Capital Markets Act as fronted by the prosecutors....

In fact, the new draft submitted by legislators from Spain’s Popular Party would regulate and legitimize numerous emerging technologies in the nation, including Bitcoin, blockchain, and artificial intelligence (AI). On top of that, the draft law also includes other incentives, such as tax breaks, for firms and organizations that use and create solutions based on these technologies. For instance, the draft calls for smart contracts to manage various operations in banks that the law would cover....

A press release from the Department of Government Information notes that the new focus on digital solutions is part of attracting foreign investment in the fields highlighted. The committee has also been tasked with ensuring that in the event of blockchain adoption, it should come up with means of preventing money laundering, terrorism financing, and other criminal activities related to the technology. The committee that comprises five members will borrow a leaf from approaches adopted by other jurisdictions like Dubai, Malaysia, the Philippines, Singapore, and the E....

The study conducted by the NORC at the University of Chicago and involved 1,004 interviews showed that 61% of Americans who invest in digital assets only started buying cryptocurrencies within the past six months. Thirteen percent of the participants surveyed claimed buying or trading cryptocurrencies in the past 12 months, albeit more of the interviewees were investing in stocks. Of those surveyed, 24% reported trading stocks, or nearly double the number of those buying and selling crypto in the past year....

Tesla stock price plunged 21% in Tuesday trading and shares are down more than 30% in the last five days alone. The market selloff is also blamed on lofty valuations. Tesla stock price soared dramatically by 300% since the beginning of this year, extending the twelve months gains to 625%. The market analysts have also dropped the Tesla stock price target. For instance, Bernstein stood among the bears as the firm expects further downside for Tesla shares in the days ahead....

That said, prices for mining rigs can differ dramatically, with the best of miners reaching tens of thousands of dollars for an industry-level mining operation, making them too expensive for a beginner. With this in mind, crypto YouTuber Drew Vosk decided to put to the test a cheaper option, publishing the 30-day review of the experiment’s profitability on his channel Voskcoin on April 26. The mining setup Specifically, the miner he tested was Goldshell’s SC-Box Mini mining rig that allows the user to mine the Siacoin (SC) token....

Ancestry.com is currently the world’s biggest for-profit provider of genealogy and DNA services, which allows users to trace their ancestry and heritage online, as well as identify any potential genetic health risks. Based in Lehi, Utah, Ancestry.com launched in 1996 and now coasts over 3 million customers and 18 million people in its DNA network in over 30 countries, bringing in more than $1 billion in revenue each year. What started as a simple family history website has now expanded its offering to capitalise on advances in DNA technology, as well as offering a mobile application....

According to an official statement issued on March 9 by the White House, the government is laying out its first strategy to protect consumers, financial stability, national security, and address climate hazards. In particular, the statement declares that: In addition, the White House announced in the press release: In general, the United States seeks to take a leadership role in international engagement and global control of digital assets in a manner that is compatible with democratic ideals and the interests of the US in the Executive Order....

Tip: Be sure to read our guides on other derivative products: What is CFD trading?What are stock options?Stock rights and warrants explained Swap definition A swap is a derivative contract between two parties that constitutes the exchange of pre-agreed cash flows or liabilities from two different financial instruments. The cash flows are commonly determined using the notional principal amount (a predetermined dollar amount that each party pays interest to the other at specified intervals)....

In particular, home builder stocks have fallen on average 40% this year, reflecting a broader pullback in economically sensitive stocks; on the other hand, balance sheets seem to be robust and ready to tackle a recession. Further, new data, which came out on June 24, showed a surprising jump in new home sales, possibly indicating that home builders’ earnings may be robust going forward. Thus, Finbold has identified two stocks from the sector that lost over 40%, which might be a cheap find for long-term investors....

According to data provided by ETF database ETFdb.com, four selected blockchain exchange-traded funds listed on the U.S. exchanges have recorded an average ROI of 74% over the last year. Amplify Transformational Data Sharing ETF has the highest returns at 136.09%, followed by Siren ETF Trust Siren Nasdaq NexGen Economy ETF at 72.45%. Additionally, capital Link NextGen Protocol ETF has an ROI of 43.85%, while First Trust Indxx Innovative Transaction & Process ETF has returns of 43....

Although the largest US airline has generated a 77% year-over-year drop in revenues, Scott Kirby claims that their financial numbers are still better than the closest competitors including Delta Air Lines (NYSE: DAL) and American Airlines (NYSE: AAL). Delta Air Lines reported a loss of $5.4 billion in the third quarter, expanding the total loss to $11 billion over the past two quarters. United Airlines has posted operating revenues of $2....

Almost everyone’s attention has been focused on Lucid since the company started shipping its first car, the Air Dream Edition, which surpassed the longest-range Model S from Tesla (NASDAQ: TSLA) by more than 100 miles. However, although there are encouraging indicators in the most recent events, the medium-term picture is still mixed. In the previous month, the price of LCID has fluctuated between $28.08 and $57.75, which is a significant variation....

During the first quarter of 2022, cases of scams involving cryptocurrencies endorsed by celebrities spiked 61%, resulting in a loss of £2 million, a report published by Santander UK on June 28 indicates. The bank revealed that the scams resulted in an average loss of £11,872, a growth of 65% from a year ago. By factoring in the scams’ growth rate, the bank warned that the number of cases would likely double in 2022 and grow by 87% compared to 2021....

This announcement could possibly be a result of a recent stake Elliot Management, an activist investor firm, disclosed in the company, vowing to push for the separation of businesses for the benefit of the company and its shareholders. CEO of WDC, David Goeckler, explained the reasoning for pursuing this strategic shift in the company press release. WDC chart and analysis Meanwhile, shares of the company are down over 12% year-to-date (YTD), while in yesterday’s session, the shares dipped below the 20-day Simple Moving Average (SMA) on increased trading volume....

What are cyclical stocks? Cyclical stocks are securities that are heavily affected by the economic cycles and follow the ups and downs of the overall economy. Cyclicals are usually discretionary products like luxury clothing, furniture, cars, or non-essential services like vacations, travel, and eating out in restaurants. Cyclical stocks rise and fall in line with the general economic cycle and are affected by macroeconomic changes in the overall economy. Revenues and profits of businesses offering non-essential products or services typically rise during an economic expansion and fall sharply during a recession, directly impacting the stock prices....

A popular term people see on various social media platforms is the “BMS” acronym. The term is mostly used on Facebook and other social media platforms like Snapchat. This post has prepared a guide if you want to know what it means and how to use it. The “BMS” acronym is a common term used on many social media platforms. But if it is your first time encountering it, this guide might help you understand it better and how to use it....