Category: securities and exchange commission
Tesla’s Bitcoin investment could be bad for the company’s climate reputation and its bottom line
Tesla’s $1.5 billion investment in Bitcoin may be good for Elon Musk, but it’s definitely risky for the company that made him the world’s richest man, according to investors, analysts and money managers at some of the country’s largest banks. As a standard bearer for the consumer electric vehicle industry…
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Looking to decarbonize the metal industry, Bill Gates-backed Boston Metal raises $50 million
Steel production accounts for roughly 8 percent of the emissions that contribute to global climate change. It is one of the industries that sits at the foundation of the modern economy and is one of the most resistant to decarbonization. As nations around the world race to reduce their environmental…
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Snoop Dogg’s Casa Verde Capital closes on $100 million as the cannabis industry bounces back
Casa Verde Capital, the investment fund co-founded by cannabis connoisseur Snoop Dogg (also known as Calvin Broadus), has closed on $100 million for its second investment fund, according to documents filed with the SEC. The fund, whose managing director, Karan Wadhera declined to comment for this article, has managed to…
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US court agrees with SEC that Kik’s $100 million coin offering violated the law
A US district judge for the Southern District of New York has agreed with the Securities and Exchange Commission’s assessment that Kik’s $100 million initial coin offering (ICO) in 2017 was a securities sale. Judge Alvin Hellerstein has granted SEC’s… Source
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