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Month: December 2020

SEC sues Ripple and two executives for selling XRP crypto: A $1.3 billion securities fraud

The US Securities and Exchange Commission filed a lawsuit against cryptocurrency platform Ripple, its CEO, and its chairman, for orchestrating securities fraud worth $1.3 billion, the agency said Tuesday. The SEC said Ripple illegally marketed XRP, the world’s third-largest cryptocurrency, to retail customers. According to the complaint, Ripple’s chairman, co-founder and former CEO Christian Larsen,

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Tokyo Olympic Games: Opening and closing ceremonies to be pared back

The opening and closing ceremonies of Tokyo’s Olympic Games will be carried out with a “simpler, more restrained approach,” the Organizing Committee announced on Wednesday. The ceremonies will be designed to “reflect the overall simplification of the Games” with Covid-19 countermeasures in place. Tokyo’s Organizing Committee made no announcements about how the opening and closing

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Here’s what Trump’s attempt to upend the stimulus deal means

President Donald Trump’s surprise Tuesday night video cataloging his complaints about the massive — and painstakingly negotiated — $900 billion coronavirus relief bill immediately raised the specter of a government shutdown and economic turmoil at a time when aid is desperately sought for millions of Americans. The President didn’t explicitly threaten to veto the bill,

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