Investment Learning

  • May 29, 2024

3 Sorry Semiconductor Stocks to Sell in May While You Still Can

The semiconductor boom has rewarded many investors who picked them up before the latest AI-fueled surge. Though there’s still value (and room to run) for many of the AI chip stocks, there are also the overheated ones that may be vulnerable to a correction at some point in the near future. Undoubtedly, the AI boom is still on a healthy footing, but as investors, we should always be ready for turbulence, especially after a period of pretty pronounced gains. Though it’s quite the stretch to refer t

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  • May 28, 2024

US Federal Judge Orders SEC to Pay Legal and Takeover Fees in Debt Box Case

According to PANews, US Federal Judge Robert Shelby has ordered the Securities and Exchange Commission (SEC) to pay approximately $1.8 million in legal and takeover fees. This order is related to the regulator's civil case against Debt Box, which was dismissed on May 28. The judge pointed out that the SEC showed 'malicious behavior' in the temporary injunction to freeze Debt Box's assets. This ruling is a significant victory for Debt Box, as it means the SEC cannot continue with the current case. In July 2023, the SEC filed a lawsuit against Debt Box, accusing the company of implementing an illegal cryptocurrency scheme worth $50 million. The documents submitted by the company indicated that the commission made false statements when trying to obtain a temporary restraining order against the company. Many in the cryptocurrency field have taken this as an example of regulatory overreach.

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  • May 28, 2024

PayPal Digital Receives Trust License From NYDFS

According to PANews, PayPal Digital has been granted a limited purpose trust license by the New York State Department of Financial Services (NYDFS). This type of license is typically held by digital asset custodians and stablecoin issuers. In August of last year, PayPal launched its stablecoin, PYUSD, with Paxos Trust Company as the issuer. The acquisition of the trust license by PayPal Digital could potentially be aimed at taking over the custody of PayPal customers' crypto assets and transferring the issuance of stablecoins internally.

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