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Coinbase to pay $100 mln to settle New York state investigation
U.S.-based cryptocurrency exchange Coinbase Global Inc (COIN.O) has reached a $100 million settlement with New York's Department of Financial Services (DFS), the exchange and the regulator said in statements on Wednesday.
The settlement, which includes a $50-million penalty, caps the regulator's investigation into the firm's compliance with requirements to prevent money laundering. DFS found Coinbase treated its onboarding requirements for customers as a "simple check-the-box" and had not done sufficient background checks, DFS said in a statement.
https://www.reuters.com/legal/coinbase-settles-with-new-york-regulators-100-mln-report-2023-01-04/
Financial CANCER Cathie Wood owns about 4% of this now
from 0102
Cathie Wood Loads Up on More Coinbase Stock
Ark Invest is an investment firm which specializes in investing in disruptive innovation.
Cathie Wood scooped up $5.5 million worth of Coinbase shares on Dec. 29. The collapse of FTX has sent shockwaves through the crypto industry, but it could offer an opportunity for a contrarian investor. Ark Invest now owns approximately 7.8 million shares of Coinbasemaking the firm the sixth-largest shareholder with about a 4% stake.
https://www.gurufocus.com/news/1918807/cathie-wood-loads-up-on-more-coinbase-stock
Coinbase Major Shareholders-and it's backward looking as usual
https://www.wallstreetzen.com/stocks/us/nasdaq/coin/ownership
>Marc L. Andreessen
Largest reported Shareholder (and the% #s on this has most likely changed)
Cofounder and General Partner, Andreessen Horowitz
Andreessen runs influential Silicon Valley venture capital firm Andreessen Horowitz, whose successful bets include Instagram, Oculus VR and GitHub.
His first claim to fame was cofounding web browser firm Netscape, which AOL bought in 1998 for $4.2 billion in stock.
Andreessen's biggest score was as a seed investor in Facebook. He also cofounded Loudcloud, which, renamed Opsware, sold to Hewlett-Packard for $1.6 billion in 2007. In June 2018, a16z raised raised $300 million for its first crypto-focused fund, led by the firm's first female general partner, Katie Haun.
https://www.forbes.com/profile/marc-andreessen/
>Is Switzerland still neutral ?
The same fund that was gated and capped at no more than 5% of withdrawals allowed (per Qtr)-see below
University of California to invest $4 bln in Blackstone's REIT
University of California's fund manager said on Tuesday it would invest $4 billion in Blackstone's Real Estate Income Trust Inc, barely a month after the asset manager limited withdrawals at one of its REITs after a surge in redemptions.
REITs, one of the core strategies that helped Blackstone become the world's biggest alternative asset manager, suffered a setback in December as investors concerned about China's economic prospects and turmoil in the Asian markets withdrew money at a frenetic pace. The investment would be made through UC Investments, which manages a portfolio of nearly $152 billion, according to its website.
Blackstone said it will put $1 billion of its holdings in BREIT towards a venture with UC Investments.
https://www.nasdaq.com/articles/university-of-california-to-invest-$4-bln-in-blackstones-reit
Blackstone limits REIT withdrawals
https://therealdeal.com/2022/12/01/blackstone-limits-reit-withdrawals/
>>18072313 lb
Potato in 82-8000 747 departed JBA for Hebron, Kentucky and 09-0018 C-32A as the escort FORGE78 US Army G5 SW from JBA-FORGE53 C-560 went to Dayton Int'l, FORGE63 G5 turn and burn from Key West after quick stop, VM767 USMC C-560 began descent for Key West
Whoa! FJB was up early today "receives The Presidential Daily Briefing" 8:00am
But he done at 4:40pm EST "arrives at the White House"
https://factba.se/biden/calendar
Biden will visit Northern Kentucky today to tout Brent Spence Bridge project
https://www.bizjournals.com/cincinnati/news/2023/01/03/biden-nky-visit-brent-spence-bridge.html
>>18068851 pb PF: Migrants being returned to Mexico City from El Paso border area.
Mexican AF FAM3528 and 3526 737s heading NW to TJ or Mexicali for moar migrant pickups
you fergot MAGA Patriots
Tether needs to be taken out first
Then they can put it all in the spin cycle for the CBDC and the Japanese need to do the Digital Yen
Be a bit until all that habbens
One way or another they have been trying to do this since the Amero idea was floated in teh 90s around NAFTA
yes it (crypto) is the domino that wasn't present in 2008
And since Gensler is in the hot seat for all of that (crypto) he can't say "he din't know" since he taught classes on it at MIT
It din't fail then as it still wasn't interconnected enough
Is now and they don't have $27t to throw at it either plus no way the public accepts another bailout ala Nancy and Hanks sunday night (2008) "agreement"
All that did was nationalize (unofficially of course) and recapitalize the zombie banks
AF2 C-32A west from JBA to Chicago
Harris To Visit Chicago To Tout Biden's Economic Plan
https://patch.com/illinois/chicago/vice-president-harris-visit-chicago-tout-bidens-economic-plan
Apparently Bootyjuice is also out too
>U.S. Transportation Secretary Pete Buttigieg will be making appearances around the country
>Shrubs in the common area
at least he wore a suit