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Tag: SEC

Founder of Collapsed Social Media Site Charged with $170M Fraud

Authorities in the US have charged Abraham Shafi, the founder of the now-defunct social media platform IRL, with fraud amounting to $170 million. The Securities and Exchange Commission (SEC) alleges that Shafi misled investors about the company's growth by making false claims. Background on IRL IRL, which aimed to encourage real-life meetups among its users,…

August 1, 20240Comments

Byrwandatechnews

Crypto

SEC Nears Approval for Ether ETFs: What It Means for Crypto Investors

The US Securities and Exchange Commission (SEC) is getting closer to allowing eight new exchange-traded funds (ETFs) tied to ether, the world's second-biggest cryptocurrency after Bitcoin. This follows their approval of the first bitcoin ETFs earlier this year. On Thursday, the SEC approved some rule changes supporting these ether ETFs for big companies like BlackRock,…

May 25, 20240Comments

Byrwandatechnews

Founder of Collapsed Social Media Site Charged with $170M Fraud

SEC Nears Approval for Ether ETFs: What It Means for Crypto Investors

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