Thailand prohibits the use of cryptocurrency for payment and places restrictions on trading and investing

Thailand has stated that cryptocurrency would no longer be accepted as a form of payment for goods and services.

The Securities and Exchange Commission (SEC) said on Wednesday that the prohibition will take effect on April 1.

"The SEC creates regulations for providing ser...

WISDOMTREE ETF APPLICATION UNDER REVIEW

Highlights:

•       The ETFs allows investors to invest in regulated financial products without investing in crypto directly

•       US SEC has 8 applications for ETFs with them currently

The US Se...

CHINESE STOCKS FELL AFTER ANNOUNCEMENT OF NEW U.S AUDITING STANDARDS

Highlights –

• Chinese stocks fell after announcement of new U.S auditing standards.
• The move by SEC comes as the unprecedented regulatory crackdown in China on domestic technology companies.
• The SEC is said to have fast-tracked the rul...

US-BASED CRYPTO PLATFORM COINBASE TO LAUNCH IPO

Highlight:

•             Coinbase has filed for IPO listing

•             It has been planning the same since December

Coinbase had been ...

THAI SEC: LOOKING AT PARAMETERS OF RETAIL INVESTORS BEFORE LETTING THEM INVEST

Highlights:

•          Thai SEC wants to protect its retail investors

•          It wants to fix up qualifying parameters for the retail investors

Securities and Excha...

CNB & NIGERIAN SECURITIES AND EXCHANGE OFFICIALS ASKED TO EXPLAIN BAN ON CRYPTOCURRENCY

Highlights:

•             There has been widespread opposition to the crypto ban in Nigeria

•             The Senate has now asked the officials th...

CRYPTOCURRENCY ADVOCATE DAN TAPIERO SETS UP A $200 MILLION FUND

Highlights:

• Investors are vying for  cryptocurrencies for investments
• Investor Dan Tapiero's $200 million funds will aid cryptocurrency start ups

Dan Tapiero has been a cryptocurrency champion for a long time. He is also a macro investor. Wi...

FCPA INVESTIGATIONS INVOLVING NOVARTIS RESOLVED

HIGHLIGHTS

• Novartis has reached settlements with DOJ and SEC regarding investigations against it.
• With the settlements reached, the investigations against Novartis come to a close.
• The settlements cover the fines that Novartis and its subsi...

If you invested in Bank of America 10 years ago, it'd turn you into a profit

Bank of America has shown itself to be a stable stock option, both in the short and long term.

Recently, the bank's performance in Q3 of 2019 has been better than expected. And if you've spent ten years ago, it'd turn you into a profit.

According to CNBC figures, a...

California State Teachers Retirement System raised its stake in Alcoa Inc (NYSE: AA) by 0.7 per cent during the third quarter

According to the firm in its most recent filing with the Securities & Exchange Commission, California State Teachers Retirement System raised its stake in Alcoa Inc (NYSE: AA) by 0.7 percent during the third quarter. After purchasing further 2,096 shares during the period, the company owned 3...

State of New Jersey Common Pension Fund D Acquires 680,100 Shares of PDL BioPharma Inc

State of New Jersey Common Pension Fund D increased its shares of PDL BioPharma Incorporated by twelve hundred and thirty six point five per cent during the third quarter, in accordance with the organization in its latest 13F registration towards Securities and Exchange Commission (SEC). The pers...

1,885 shares of Albemarle Co. purchased by Tennessee’s Treasury Department

According to the new Securities and Exchange Commission (SEC) filing in the third quarter. After an additional 1,886 shares were purchased during the period and had 26,302 shares of the specialty chemical company stock. At the end of the most recent reporting period, the State of Tennessee Treasu...

China’s Luckin Coffee Files for US IPO

China’s Luckin Coffee (NASDAQ: LK) has filed its initial public offering with the U.S. Securities and Exchange Commission on Monday. The coffee chain intends to list on the Nasdaq Stock Exchange under the symbol “LK.” Luckin has also set a placeholder amount of USD 100 Million to indicate the siz...

Tesla is going to unveil their Y Model on 14th of March

The Chief Executive Officer of Tesla, Mr. Elon Musk posted a tweet on Sunday about the fact that Tesla would be unveiling their Model Y in the LA, California area on the 14th of March. Elon Musk’s tweet was undeniably confirmed by the announcement made back in the year 2015 about the general concept...

The Securities and Exchange Commission orders the judge to hold Elon Musk as a result of the violation

The Securities and Exchange Commission ordered the judge for holding Tesla Incorporation, The Chief Executive Officer and the founder of the Tesla Incorporation, Mr. Elon for violating the settlement deal which was previously decided. The share price of the firm was around 1.5 percent lower on the m...