Category: Benzinga

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Texas Regulators Issue Cease-And-Desist Order Against Crypto Lending Platform BlockFi

Texas Regulators Issue Cease-And-Desist Order Against Crypto Lending Platform BlockFi

The Texas State Securities Board (TSSB) issued a cease-and-desist order against crypto trading and lending platform BlockFi alleging that BlockFi’s Interest Account (BIA) product is a security under state rules. What Happened: According to a report from CoinDesk, if the order takes effect after a hearing in October, then BlockFi wouldn’t be able to offer...

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Binance's Competitors Thrive As The Leading Crypto Exchange Faces More Regulatory Scrutiny

Binance's Competitors Thrive As The Leading Crypto Exchange Faces More Regulatory Scrutiny

Binance, the world’s largest crypto exchange by trading volume, has been running into trouble with regulators across the globe. What Happened: However, the exchange’s issues with securities regulators may have benefitted its more compliant competitors, who have reported an influx of new users over the past few weeks. For instance, Bitstamp, one of the longest-running crypto...

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AusCann, Flower One, Item 9 Labs & MariMed Among Top Cannabis Stock Movers On July 23, 2021

AusCann, Flower One, Item 9 Labs & MariMed Among Top Cannabis Stock Movers On July 23, 2021

GAINERS: Cann Gr (OTC: CNGGF) shares closed up 20.58% at $0.35 AusCann Group Holdings (OTC: ACNNF) shares closed up 16% at $0.08 Next Green Wave Holdings (OTC: NXGWF) shares closed up 13.54% at $0.65 Flower One Hldgs (OTC: FLOOF) shares closed up 7.61% at $0.17 Heritage Cannabis Holding (OTC: HERTF) shares closed up 6.89% at $0.07 Eastside Distilling (NASDAQ: EAST) shares...

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Busta Rhymes Is 'Officially Holding Bitcoin' Thanks To Elon Musk, Jack Dorsey And Cathie Wood

Busta Rhymes Is 'Officially Holding Bitcoin' Thanks To Elon Musk, Jack Dorsey And Cathie Wood

What Happened: American rapper Busta Rhymes told his Twitter followers that he was now sold on Bitcoin (CRYPTO: BTC). After watching the #Bitcoin conference live with @jack @elonmusk @CathieDWood i’m sold on Bitcoin. officially holding Bitcoin. Looking into eth next. — Busta Rhymes (@BustaRhymes) July 22, 2021 The rapper said that he was now officially...

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Cannabis Crypto Has Fallen Flat So Far, But Similarities Between The Sectors Remain

Cannabis Crypto Has Fallen Flat So Far, But Similarities Between The Sectors Remain

The similarities and differences between cannabis and crypto have been well-documented in recent years. The nascency of both spaces and their uncertain regulatory frameworks create ample amounts of volatility with room for windfalls and lost shirts. With soaring highs and crushing lows, both sectors have provided investors with opportunities to score big on short-term success....

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Field Trip Health Heads To The Nasdaq As Wall Street Opens Up To “Psychedelics Renaissance”

Field Trip Health Heads To The Nasdaq As Wall Street Opens Up To “Psychedelics Renaissance”

Excitement around psychedelics grows as major U.S. exchanges make room for more companies in the sector. On Friday, Field Trip Health Ltd. (TSX: FTRP) (OTCQX: FTRPF), a company developing a network of psychedelics-assisted therapy clinics, announced conditional approval from the Nasdaq to list its stock on the exchange. In early June, the company uplisted its...

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KFC Korea To Launch NFTs Through New Partnership

KFC Korea To Launch NFTs Through New Partnership

The South Korean subsidiary of the fast-food chain Kentucky Fried Chicken (KFC), owned by PepsiCo Inc. (NASDAQ: PEP), plans to launch its own non fungible tokens (NFTs) through a new partnership. What Happened: According to a Friday report by local news outlet ENewsToday, KFC Korea signed a memorandum of understanding with NFT marketplace TriumphX. The aim of the collaboration is to...

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Morgan Stanley's Top Oil & Gas Plays Ahead Of Q2 Earnings

Morgan Stanley's Top Oil & Gas Plays Ahead Of Q2 Earnings

Despite a recent sector sell-off in oil and gas, a Morgan Stanley analyst cites a "consistent execution on spending" and strong excess cash flow usage "towards capital returns and debt reduction" as reasons to remain favorable. Oil & Gas Industry Overview: Devin McDermott holds an attractive view on both the exploration and production and integrated oil industries....

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MFDA Hearing Panel issues Reasons for Decision in the matter of Kenneth Clark

MFDA Hearing Panel issues Reasons for Decision in the matter of Kenneth Clark

TORONTO, July 23, 2021 /CNW/ – A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Reasons for Decision dated July 21, 2021 ("Reasons for Decision"), in connection with a settlement hearing held by electronic hearing on February 2, 2021, in the matter of Kenneth Ray Clark...