Investment Learning

  • August 12, 2024

SEC charges crypto firm NovaTech with fraud

The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the Haitian-American community. The SEC frames NovaTech, founded in 2019 by husband-and-wife duo Cynthia and Eddy Petion, as a multi-level marketing (MLM) scheme -- one that lured investors by claiming to invest in profitable crypto and foreign exchange markets. In truth, NovaTech reserved only a fraction of investor funds for trading, devoting the bulk to its payments to existing investors and commissions for promoters, according to the SEC.

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  • August 12, 2024

Risk momentum, liquidity loss, yen trade: Market Takeaways

Stocks (^DJI, ^IXIC, ^GSPC) closed mixed on Monday as Wall Street prepares for a week packed with economic data releases and corporate earnings reports, which could potentially trigger even more market volatility. Yahoo Finance markets and data editor Jared Blikre analyzes the day's top market trends including the cooling of risk momentum in the market, a loss of liquidity due to increased volatility, and an update on the Japanese yen carry trade. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Angel Smith

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  • August 12, 2024

Crypto Startups Raised More VC Money During Market Slowdown

(Bloomberg) -- Crypto startups raised more money but closed fewer deals in the most recent quarter, mirroring the broader slowdown seen in the digital-asset world. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceLos Angeles Sees Remote Work Helping ‘No Car’ 2028 Olympic GamesIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestNYC Subway Riders See ‘Exceptionally High’

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