Monthly Archives: June 2022

Coinbase Reportedly Has A 3 Year Deal With The US Immigration and Customs Enforcement Agency, Selling User Data

Summary: Tech Inquiry has uncovered details on a three-year contract between Coinbase and the Immigration and Customs Agency of the US Department of Homeland Security. Coinbase, through its analytics program, Coinbase Tracer, is allegedly providing the US ICE agency with user information, including geolocation data and transactional history. A representative from Coinbase has denied the… Read More »

SkyBridge Capital Founder Says U.S. SEC ‘Now Stands for Stop Economic Creativity’

On Thursday (June 30), former White House Director of Communications Anthony Scaramucci shared his thoughts on the disapproval by the U.S. SEC of Grayscale Investments’ proposal for its Grayscale Bitcoin Trust (GBTC) to be converted into a spot Bitcoin ETF. As CoinDesk reported earlier today, yesterday (June 29) the Securities and Exchange Commission (SEC) rejected Grayscale… Read More »

Grayscale’s legal challenge to SEC sparks response from the community

After Grayscale’s application to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin (BTC) exchange-traded fund (ETF) was denied, the firm launched a legal challenge against the United States Securities and Exchanges Commission. Following these events, the community responded with various reactions, from accusing the SEC of price manipulation to suggesting different solutions.  Redditor u/ThatsMRcurmudgeon2u,… Read More »

Thursday’s Top Analyst Upgrades and Downgrades: Amazon, DraftKings, Goldman Sachs, Las Vegas Sands, Lyft, SunPower, Twitter, Weyerhaeuser, Wynn Resorts and More

The futures traded lower on Thursday, as the final trading day for the second quarter began. The major indexes closed mixed Wednesday, as typical quarter-end window dressing by portfolio managers moved shares back and forth throughout the session, with only the Dow Jones industrials closing higher. The third and final gross domestic product reading for… Read More »

U.S. Stocks Turn Mixed After Seeing Early Strength

Stocks moved mostly higher in early trading on Thursday but have given back ground over the course of the session. The major averages have pulled back off their highs of the session, with the Dow and the S&P 500 falling into negative territory. Currently, the major averages are turning in a mixed performance. While the… Read More »

Three Arrows Capital Reprimanded By Singapore Regulator Over Breach Of AUM Limit And Misinformation

Summary: Three Arrows Capital allegedly exceeded the asset under management (AUM) threshold set by the Monetary Authority of Singapore. The MAS also noted that 3AC provided misleading information regarding the management of its fund and changes in company hierarchy. Singapore’s top regulator started looking into the matter in June 2021. The MAS is currently investigating… Read More »

Weekly Cryptocurrency Market Analysis: Altcoins Revisit Previous Lows As Selling Pressure Resumes

Altcoins are in a downtrend as the price falls below the moving averages. Recent recoveries have all been staved off as cryptocurrencies face renewed selling pressure. Some of the altcoins have reached lower price levels. Synthetix Synthetix (SNX) is in a downward correction as the price fluctuates between moving averages. On June 19, the altcoin… Read More »