High-Flying Crypto Fund Dumps XRP With Ripple in SEC ‘Hot Water’ The Securities and Exchange Commission said in a lawsuit that Ripple raised at least $1.4 billion through the sale of XRP without first registering it as a security with the agency.
Katherine Greifeld | Dec 23, 2020
(Bloomberg) Bitwise Asset Management is dumping what was the world’s third-largest cryptocurrency after Ripple Labs Inc. and its top executives were accused by U.S. regulators of selling more than $1 billion of unregistered virtual tokens.
The Bitwise 10 Crypto Index Fund (ticker BITW) which has surged nearly 180% since its Dec. 9 launch has liquidated its position in digital asset XRP, which comprised 3.8% of its holdings, according to a Wednesday statement.
IN THIS ISSUE
In First Ever SEC Sanction for Allegedly Misleading COVID Related Disclosures, Cheesecake Factory Pays $125,000 Civil Penalty; New York State Appellate Court Dismisses Putative Securities Act Class Action on Merits for First Time Since 2018 U.S. Supreme Court Decision; Goodwin Secures Third Circuit Victory in Securities Class Action Against Former Officers and Directors of Lionbridge Technologies; Hemp Inc. and CEO Sign Consent Decrees Settling SEC Lawsuit over Unregistered Securities.
On December 4, 2020, the Cheesecake Factory Incorporated (the “Cheesecake Factory”) agreed to pay a $125,000 civil penalty to settle Securities and Exchange Commission (“SEC”) allegations that the company’s March 23, 2020 and April 3, 2020 Forms 8-K contained material misstatements concerning COVID-19’s impact on its business.
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The fate of one of Africa’s most valuable ecosystems may depend on results from wells being drilled deep into the bedrock beneath the Kalahari of northern Namibia and Botswana in the hunt for a petroleum reservoir.
If the search by Canadian oil and gas company ReconAfrica is successful, the region could be irrevocably transmogrified by networks of access roads, truck traffic and heavy machinery, pipelines, drill rigs and hundreds of oil and gas production wells.
A group of yellow-billed storks and other birds feed on small fishes in the flooded grassland in the Kwedi concession of the Okavango Delta, about 30km north of Mombo, Botswana. (Photo: EPA / Gernot Hensel)
First Half Earnings Review Conference Call to be Held on December 18, 2020
Highlights:
Six-Month Revenues up 198% to $2,493,486
Growth in netcapital.com user metrics up triple digits year-over-year with new users up more than 3,000% in November
Strong business momentum at Netcapital Advisors with meaningful impact on success of clients and portfolio companies
BOSTON–(BUSINESS WIRE)–$NCPL#DemocratizingAccessToCapital Netcapital Inc. (OTC: NCPL), a fintech company dedicated to democratizing private capital markets and empowering entrepreneurs to succeed, announced first half 2021 revenues of $2,493,486, an increase of 198% over the previous year. The company reported a gross profit margin of 71% and positive shareholders’ equity of $760,012, an increase of 19% compared to last year. The value of our investment portfolio increased 186% year-over-year to $3,721,514 and our portfolio companies continue to execute well.
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