Elon Musk: SEC Chaos Might Allow Tesla CEO to Work on Less ‘Boring Projects

If Elon Musk was busy last week, he’s swamped this week. The workaholic Tesla boss has his hands full at the best of times overseeing one of the world’s most valuable car companies (Tesla), a ground-breaking private space exploration enterprise (Space X) and his lesser-known but equally interesting public-transit company (The Boring Company). Telsa has been occupying a lot of media coverage lately, with safety concerns and company layoffs. On Monday his schedule got even more hectic as he was forced to file a response to a worrying SEC complaint which wants to hold him in contempt of Federal Court.

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Bitcoin Would Survive Recession, But Ethereum Might Crater: Tech VC

Bitcoin would survive a recession, while Ethereum would suffer and Ripple’s XRP would remain unaffected. That’s the prediction of Kyle Chapman, a partner with tech venture capital firm Cosimo Ventures. Chapman wrote in Barron’s that a recession would not hurt bitcoin because it’s decentralized and is mostly independent of the stock market’s cyclical undulations. Fed Chair: Relax, No Recession In 2019 Meanwhile, Federal Reserve chairman Jerome Powell does not believe a U.S. recession will happen anytime soon. Other economists, like Allianz’s Mohamed El-Erian, agree. “The outlook for our economy is a favorable one,” Powell told 60 Minutes on March 10.

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Why Nasdaq’s Real-Time Crypto Data Portal Might Soon List Ripple

Ripple (XRP) is on a winning streak right now. Yesterday, the world’s third-largest cryptocurrency jumped 12% higher after Coinbase confirmed it would list XRP on its Coinbase Pro platform. Now there’s an XRP index in the works, and there’s a good chance it will be listed on the Nasdaq, the world’s second-biggest stock exchange. Bitcoin and Ethereum Indexes Now Live on Nasdaq On February 25, Nasdaq launched the long-awaited bitcoin and ethereum indexes on its platform. The indexes, powered by Brave New Coin, aim to provide a stable, accurate spot price for the cryptocurrencies. The listing on Nasdaq is a

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$12 Billion University of Michigan Endowment Might Deepen its Crypto Stake

Institutional investors are finally wading into crypto. Want proof? The University of Michigan’s $ 12 billion endowment said it could increase its investment in a crypto-network technology fund managed by American venture-capital firm Andreessen Horowitz. Financial terms weren’t disclosed, but the latest cash infusion into Andreessen’s CNK Fund would add to the $ 3 million the university invested in the fund back in June 2018. The CNK Fund invests in cryptocurrency startups. In a statement, the University of Michigan noted that Andreessen believes cryptocurrencies are “an important area of innovation” that demands further exploration and investment. “Crypto has become an important area of

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Facebook’s Crypto Division Might Build a Blockchain Identity System: Mark Zuckerberg

Weighed down by countless accusations of user-data violations, crypto-curious Facebook has signaled that it could turn to blockchain technology for some tasks. In a video discussion, Facebook’s CEO Mark Zuckerberg told Harvard Law professor Jonathan Zittrain, that the social media giant could integrate blockchain technology into the platform’s login and data sharing systems. This would allow its billions of users to enforce control on the apps that access their data, profiles, and pages. Additionally, the technology would empower users with regards to the amount of data they share. Facebook Interested in Using Blockchain to Boot Intermediaries – Apple are you

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TD Ameritrade Says US Stock Market Stability is Luring Investors, But Here’s Why the Dow Might Not Bounce Back

Throughout the past two weeks, analysts have generally attributed the recovery of Dow Jones to technical factors, expressing skepticism toward the sustainability of the U.S. stock market rally. This week, Shawn Cruz, a trader strategy manager at $ 30 billion brokerage giant TD Ameritrade, said that the sentiment in the U.S. stock market has improved, especially among fundamental-based investors. “ giving the more fundamental-based investors faith coming back into the market, which is then driving what technical traders are seeing on their screen,” Cruz said, speaking to The Wall Street Journal. Can the Dow Jones Rally? Since

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Canada’s Regulators Might Help Crypto Exchange QuadrigaCX’s Victims After All

Provincial securities regulators in British Columbia, Canada, won’t be investigating the QuadrigaCX scandal. However, new developments could see Canada’s largest securities body, the Ontario Securities Commission (OSC), begin an investigation. On Friday, according to Reuters, the OSC has confirmed in a statement it will be looking into cryptocurrency exchange QuadrigaCX, where currently $ 190 million in cryptocurrency has been lost. Though an OSC spokesperson did not confirm if the regulator will conduct a formal investigation, it said: Given the potential harm to Ontario investors, we are looking into this matter. The OSC’s role, as the Ontario provincial arm of the Canadian

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Facebook’s Crypto Shopping Spree Isn’t Over Yet. Here’s Who Else They Might Acquire.

Facebook’s crypto ambitions are reportedly not limited to its acquisition of blockchain startup Chainspace, according to The Information. Facebook Has Met with at Least Three More Crypto Startups Citing unnamed sources, the publication said Facebook has been eyeing several blockchain startups with a view of making acquisitions. Some of these firms include Algorand, Basis and Keybase. Around two months the social media giant reportedly held discussions with stablecoin startup Basis. This was after Basis had signaled that it was shutting down in mid-December over regulation concerns. However, nothing materialized from the discussion. Facebook’s Plans to Develop a USD-Pegged Cryptocurrency Interestingly,

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