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Securities and Exchange Commission

SEC approves first bitcoin investment funds after false start

by Ev Richard
SEC approves first bitcoin investment funds after false start

The Securities and Exchange Commission (SEC) approved nearly a dozen exchange-traded funds (ETFs) holding bitcoin on Wednesday, the first time the agency has permitted the trading of funds directly invested …

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Categories Technology

Judge threatens to force Musk testimony in SEC probe: Report

by Ev Richard
Judge threatens to force Musk testimony in SEC probe: Report

A federal judge warned Elon Musk that he will be forced to testify in a Securities and Exchange Commission (SEC) investigation if he does not voluntarily agree to answer questions …

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Categories Technology

Cybersecurity Incident: How hackers used official rules to target software company after failed blackmail attempts

by Ev Richard
Cybersecurity Incident: How hackers used official rules to target software company after failed blackmail attempts

In an unusual and funny development, a group of hackers reported its victim to a federal agency after failing to negotiate a ransom with it. The move by the group …

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Categories Technology

Bitcoin surges amid speculation about BlackRock ETF approval

by Ev Richard
SEC approves first bitcoin investment funds after false start

Bitcoin has surged nearly 15 percent since Monday amid speculation that BlackRock’s proposed exchange-traded fund (ETF) for bitcoin could be nearing regulatory approval. The often-volatile cryptocurrency jumped to just shy …

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Categories Technology

AI-caused financial crisis ‘nearly unavoidable’ without regulation: SEC chief

by Ev Richard
AI-caused financial crisis ‘nearly unavoidable’ without regulation: SEC chief

The head of the Securities and Exchange Commission (SEC) warned that a financial crisis caused by artificial intelligence (AI) is “nearly unavoidable” in the next decade without further regulation of …

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Categories Technology

Elon Musk calls for overhaul of SEC amid lawsuit

by Ev Richard
Elon Musk calls for overhaul of SEC amid lawsuit

Elon Musk called for an overhaul of the Securities and Exchange Commission (SEC) on Thursday, the same day the agency sued him in an effort to compel him to testify …

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Categories Technology

Apple: Here’s how much Tim Cook earned by selling his Apple shares

by Ev Richard
Apple: Here’s how much Tim Cook earned by selling his Apple shares

Apple CEO Tim Cook sold a huge chunk of his Apple shares, marking his largest sale in the last two years. According to regulatory filings, Cook sold 511,000 shares and …

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Categories Technology

Blend, Former SF Tech Unicorn, Implements 5 Layoff Rounds in Just 16 Months

by Craig Fedirighi
Blend, Former SF Tech Unicorn, Implements 5 Layoff Rounds in Just 16 Months

Blend is headquartered at 415 Kearny St. in downtown San Francisco. The financial technology firm has struggled since its 2021 initial public offering. Courtesy of Google Streetview Blend Labs, a …

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Categories Business

WeWork, Significant Real Estate Holder in San Francisco, Issues Warning Revealing Severe Losses

by Craig Fedirighi
WeWork, Significant Real Estate Holder in San Francisco, Issues Warning Revealing Severe Losses

FILE: A sign is posted on the exterior of a WeWork office on October 07, 2019 in San Francisco, California. Justin Sullivan/Getty Images The saga of WeWork, the co-working space company that …

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Categories Business

Proterra, the electric bus pioneer dubbed the ‘Tesla of the bus industry,’ declares bankruptcy in the Bay Area.

by Craig Fedirighi
Proterra, the electric bus pioneer dubbed the ‘Tesla of the bus industry,’ declares bankruptcy in the Bay Area.

An electric bus from Proterra at the Muni bus yard on Indiana Street in San Francisco on Dec. 15, 2022. Douglas Zimmerman/SFGATE A Bay Area-based manufacturer of electric buses, batteries …

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Categories Business
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