Kim Kardashian , Pays Over $1 Million Fine to SEC , Over Crypto Promo.
NBC reports that Kim Kardashian has agreed
to pay a $1.26 million fine for unlawfully
promoting a cryptocurrency on Instagram.
According to Securities and Exchange Commission officials, Kardashian failed to disclose that she was paid to promote EMAX tokens on Instagram.
According to Securities and Exchange Commission officials, Kardashian failed to disclose that she was paid to promote EMAX tokens on Instagram.
An SEC statement revealed that the reality TV star
failed to disclose the $250,000 she was paid to
promote the crypto asset offered by EthereumMax.
An SEC statement revealed that the reality TV star
failed to disclose the $250,000 she was paid to
promote the crypto asset offered by EthereumMax.
Last June, Kardashian asked her millions of followers: , âARE YOU INTO CRYPTO???
THIS IS NOT FINANCIAL ADVICE BUT SHARING WHAT MY FRIENDS JUST TOLD ME ABOUT THE ETHEREUM MAX TOKEN.â.
Last June, Kardashian asked her millions of followers: , âARE YOU INTO CRYPTO???
THIS IS NOT FINANCIAL ADVICE BUT SHARING WHAT MY FRIENDS JUST TOLD ME ABOUT THE ETHEREUM MAX TOKEN.â.
The Instagram post also included
a link to EthereumMax's website.
According to the SEC, the post
violated the anti-touting provision
of federal securities law.
Kardashian is reportedly cooperating
with the commission's investigation, "without admitting or denying the SEC's findings.".
Kardashian is reportedly cooperating
with the commission's investigation, "without admitting or denying the SEC's findings.".
The SEC said that Kardashian
also agreed not to promote any
crypto assets for the next three years.
This case is a reminder that,
when celebrities or influencers
endorse investment opportunities,
including crypto asset securities,
it doesnât mean that those investment
products are right for all investors, Gary Gensler, SEC Chair, via NBC.
We encourage investors to consider
an investmentâs potential risks
and opportunities in light
of their own financial goals, Gary Gensler, SEC Chair, via NBC
Kim Kardashian has been a full-blown soccer mom for a while -- but now, she's taking the mini van overseas ... and she's brought the kiddos with her to watch the.. TMZ.com
Paris Hilton , Has First Baby.
CNN reports that Hilton took to Instagram on Jan. 24 to announce that she and her husband, Carter Reum, have welcomed their first child together. .
Speaking with 'People,' Hilton shared
how special motherhood is for her. .
Itâs always been my dream to be a mother and Iâm so happy that Carter and I found each other. , Paris Hilton, via 'People'.
We are so excited to start our family together and our hearts are exploding with love for our baby boy, Paris Hilton, via 'People'.
Hilton also spoke about her IVF journey. .
We knew we wanted to start
a family. And I was like,
âThis is perfect timing.' , Paris Hilton, via 'People'.
'Usually Iâm on a plane 250 days out of the year, and letâs just get all of the eggs stocked and ready,' and we have tons of them just waiting, Paris Hilton, via 'People'.
Hilton hasn't shared whether the
baby was born via a surrogate.
Celebrities such as Kim Kardashian,
Chrissy Teigen, Heidi Klum and more took
to social media to congratulate Hilton.
Celebrities such as Kim Kardashian,
Chrissy Teigen, Heidi Klum and more took
to social media to congratulate Hilton.
Celebrities such as Kim Kardashian,
Chrissy Teigen, Heidi Klum and more took
to social media to congratulate Hilton.
Celebrities such as Kim Kardashian,
Chrissy Teigen, Heidi Klum and more took
to social media to congratulate Hilton
Credit: Wibbitz Top Stories Duration: 01:30Published
Ne-Yo, Akon, Lil Yachty and Austin Mahone were also charged by the Securities and Exchange Commission in the case, which is tied to promotion of crypto tokens created by Justin Sun.
Credit: The Hollywood Reporter Duration: 01:24Published
The Securities and Exchange Commission is cracking down on Crypto companies ... and some big-name celebs -- including Jake Paul, Lindsay Lohan and Soulja Boy --.. TMZ.com
DOJ and SEC Launch Investigations , Into SVB Collapse.
Last week, the California Department of Financial Protection and Innovation shut down Silicon Valley Bank (SVB) and made the FDIC its receiver.
Last week, the California Department of Financial Protection and Innovation shut down Silicon Valley Bank (SVB) and made the FDIC its receiver.
NBC News reports that on March 14,
the U.S. Justice Department opened an investigation into the bank's demise.
According to two sources with knowledge of the matter, part of the DOJ's probe will seek to determine whether bank executives unloaded any stock ahead of the collapse.
The Securities and Exchange Commission (SEC) has launched a separate investigation. .
According to the FDIC, SVB's collapse marked the second-biggest on record after Washington Mutual.
According to the FDIC, SVB's collapse marked the second-biggest on record after Washington Mutual.
NBC News reports that on March 12, the FDIC, Federal Reserve and Treasury Department said SVB deposits would be backed in excess of the federally-insured cap of $250,000.
The fall of SVB prompted Signature Bank customers to withdraw over $10 billion in deposits out of fear on March 10, ultimately leading to the bank's collapse as well.
The fall of SVB prompted Signature Bank customers to withdraw over $10 billion in deposits out of fear on March 10, ultimately leading to the bank's collapse as well.
President Biden attempted to
reassure the public that America's
banking system is safe on March 13.
Thanks to the quick action of my administration over the past few days, Americans can have confidence that
the banking system is safe. , President Joe Biden, via statement.
Your deposits will be there
when you need them, President Joe Biden, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Robinhood Receives SEC Subpoena , for Its Crypto Business.
MarketWatch reports that the subpoena
was revealed in a filing on Feb. 27.
Robinhood received the subpoena from securities regulators in December after FTX and other crypto-trading companies filed for bankruptcy.
Robinhood received the subpoena from securities regulators in December after FTX and other crypto-trading companies filed for bankruptcy.
The SEC wants to investigate Robinhood Crypto LLC's âcryptocurrency listings, custody of cryptocurrencies and platform operations,â among other things.
The SEC wants to investigate Robinhood Crypto LLC's âcryptocurrency listings, custody of cryptocurrencies and platform operations,â among other things.
MarketWatch reports that if it is
determined that any cryptocurrencies
on the trading platform are securities, .
it could stop Robinhood âfrom continuing to facilitate
trading of those cryptocurrencies (including ceasing
support for such cryptocurrencies on our platform).â.
Robinhood's board recently authorized the
company to repurchase over 50 million shares that
were previously bought by FTX founder
Sam Bankman-Fried and seized by the DOJ.
Robinhood's board recently authorized the
company to repurchase over 50 million shares that
were previously bought by FTX founder
Sam Bankman-Fried and seized by the DOJ.
Robinhood reports that it ended 2022 with $2.91 billion available in credit and $6.3 billion in cash and cash equivalents. .
MarketWatch reports that Robinhood
shares dropped 0.6% on Feb. 27.
Over the past year, the company's
shares have dropped 16.3%
Credit: Wibbitz Top Stories Duration: 01:31Published
Dell to Lay Off , 6,650 Workers.
CNBC reports that Dell made the announcement on Feb. 6 in an SEC filing. .
About 6,650 employees, 5% of the
company's workforce, will be let go.
Jeff Clarke, co-chief operating
officer at Dell, said the layoffs were necessary
to "stay ahead of downturn impacts.".
Unfortunately, with changes like this, some members of our team will be leaving the company. , Jeff Clarke, co-chief operating officer at Dell,
via memo to employees.
There is no tougher decision, but one we had to make for our long-term health and success, Jeff Clarke, co-chief operating officer at Dell,
via memo to employees.
We will be ready when
the market rebounds, Jeff Clarke, co-chief operating officer at Dell,
via memo to employees.
Layoffs in the tech industry have become
an overwhelming trend as of late. .
Salesforce, Microsoft, Google.
Salesforce, Microsoft, Google.
Salesforce, Microsoft, Google.
Paypal, Amazon, IBM.
Paypal, Amazon, IBM.
Paypal, Amazon, IBM.
Meta and Twitter have laid off
thousands of employees.
Meta and Twitter have laid off
thousands of employees.
According to website Layoffs.fyi,
67,000 job cuts have been announced by
tech companies so far in 2023
Credit: Wibbitz Top Stories Duration: 01:30Published
The achievement comes as Gomez took to Instagram to post a story defending âcourageousâ Iranian teenagers who were detained and forced to publicly repent after they danced to her song âCalm Downâ
Credit: euronews (in English) Duration: 00:57Published
Ja Morant is adamantly denying he has a drinking problem after the NBA concluded he was intoxicated when he flashed a gun on Instagram earlier this month ..... TMZ.com
Study Reinforces That , Social Media Is Not , a Reliable Source of Information.
According to research published in 'Psychology of Popular
Media,' individuals who look to social media for information
tend to have lower knowledge regarding anxiety.
'Psypost' reports that those who tend to
turn to social media also exhibit an
indiscriminate use of coping strategies.
'Psypost' reports that those who tend to
turn to social media also exhibit an
indiscriminate use of coping strategies.
I became heavily interested
in this topic throughout the early
stages of the COVID-19 pandemic, Rebecca Wolenski, Study author and doctoral student in
clinical psychology at Florida International University.
Folks in need had more limited options
to gain services due to quarantine and
illness, which exacerbated this issue
and also brought the need for anxiety-
related aid to the forefront of my attention, Rebecca Wolenski, Study author and doctoral student in
clinical psychology at Florida International University.
Participants were asked how often
they sought out information regarding
anxiety via seven different sources.
Those sources were: social media,
friends/family, books, internet websites,
podcasts, television/movies and therapy.
Then participants were asked to complete a 35-question
test of knowledge about anxiety and how often they used
advice or coping strategies suggested on social media.
Ultimately our data supports our original
hypothesis, which is that emerging adults
do in fact seek this type of information
on social media platforms like TikTok,
Facebook, YouTube, and Instagram, Rebecca Wolenski, Study author and doctoral student in
clinical psychology at Florida International University.
Therefore, we conclude that while these
sites provide plentiful and accessible
information, they might not be the best
primary sources to rely solely on, Rebecca Wolenski, Study author and doctoral student in
clinical psychology at Florida International University
Credit: Wibbitz Top Stories Duration: 01:30Published
Def Leppard Drummer Thanks Fans , for Support After Being Attacked in Florida.
Def Leppard Drummer Thanks Fans , for Support After Being Attacked in Florida.
'The Guardian' reports that Rick Allen,
the one-armed drummer for rock band
Def Leppard, was attacked on March 12.
The 59-year-old was smoking outside of a hotel
when he was beaten and knocked to the ground.
19-year-old Max Edward Hartley
has been charged with battery.
Allen took to Instagram on March 20 to
thank everyone for their support as he heals.
Thank you everyone for your overwhelming support. Your love and prayers are truly helping. My wife Lauren was thankfully not with me
at the time of the incident. , Rick Allen, via Instagram.
To all of the fans, veterans, and first responders in our global community we are thinking of you all. Together with love, we can all get through these difficult times, Rick Allen, via Instagram.
'The Guardian' reports that last weekend, Miami Beach officials initiated a curfew as two deadly shootings occurred among spring break crowds.
'The Guardian' reports that last weekend, Miami Beach officials initiated a curfew as two deadly shootings occurred among spring break crowds.
Mayor Dan Gelber said that the crowds and guns "created a peril that cannot go unchecked.".
We donât ask for spring break in our city. We donât want spring break in our city. Itâs too rowdy, itâs too much disorder and itâs
too difficult to police, Dan Gelber, Miami mayor, via statement.
We donât ask for spring break in our city. We donât want spring break in our city. Itâs too rowdy, itâs too much disorder and itâs
too difficult to police, Dan Gelber, Miami mayor, via statement.
It's not clear if Allen's attacker
was on spring break.
It's not clear if Allen's attacker
was on spring break.
Allen was in Fort Lauderdale
to play a Def Leppard show in celebration
of their 40th anniversary as a band
Credit: Wibbitz Top Stories Duration: 01:31Published
Padma Lakshmi became Kerala's first transgender lawyer when she registered with the state Bar Council. P Rajeev, the state's industries minister, congratulated her with a photo of the lawyer on his official Instagram. According to the minister's tweet, Padma Lakshmi was among the more than 1,500 law graduates who received their Bar enrollment certificates at an event hosted by the Bar Council of India on Sunday. Padma Lakshmi received her law degree from Ernakulam Government Law College.
#PadmaLakshmi #Kerala #TransgenderLawyer
Cases of Flesh-Eating Bacteria , Expected to Rise , as Oceans Continue to Warm.
NBC reports that potentially deadly infections from
a flesh-eating bacteria could increase as climate
change continues to warm the world's oceans.
NBC reports that potentially deadly infections from
a flesh-eating bacteria could increase as climate
change continues to warm the world's oceans.
According to a study published in 'Scientific Reports,'
infections caused by Vibrio vulnificus on the East Coast
of the United States could double in the next two decades.
The study suggests that warmer sea temperatures allow the bacteria to thrive in waters where it has never been able to survive in before.
NBC reports that the findings
highlight the connection between
human health and the health of the planet. .
There are these complex interactions
between the environment and agents
of disease, and itâs important to
be aware of the way the world is
changing and how these changes
are driving risks to human health. , Elizabeth Archer, lead author of the study and postgraduate
researcher at the University of East Anglia, via NBC.
According to the researchers behind the study, V. vulnificus
responds to minor shifts in temperature, making it , "a sort of barometer of whatâs going on in coastal
areas because it is so environmentally sensitive.â.
The team projects that the bacteria will
continue to advance further northward up the
coast, eventually reaching New York by the 2040s.
Dr. Louise Ivers, director of the Harvard Global Health Institute, points out that while V. vulnificus infections are very rare, they are also devastating.
NBC reports that such infections are both difficult and
expensive to treat, with one study finding that V. vulnificus
treatments cost an estimated $28 million per year. .
NBC reports that such infections are both difficult and
expensive to treat, with one study finding that V. vulnificus
treatments cost an estimated $28 million per year. .
Sometimes the rarest of illnesses
can cost the most to the health care
system, especially if theyâre unexpected
and very aggressive, Dr. Louise Ivers, director of the Harvard
Global Health Institute, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
McCarthy Defends Trump, but Urges Supporters , Not To Protest.
McCarthy Defends Trump, but Urges Supporters , Not To Protest.
On March 19, House Speaker Kevin McCarthy urged
Americans not to protest in the event of former
President Donald Trump's arrest this week. .
On March 19, House Speaker Kevin McCarthy urged
Americans not to protest in the event of former
President Donald Trump's arrest this week. .
NBC reports that McCarthy contradicted Trump's call
for his supporters to take to the streets and protest his
indictment and arrest on Truth Social one day earlier.
NBC reports that McCarthy contradicted Trump's call
for his supporters to take to the streets and protest his
indictment and arrest on Truth Social one day earlier.
While speaking at a Republican retreat
in Orlando, McCarthy commented on
the former president's call for protest. .
I donât think people should protest this, no.
And I think President Trump, if you talk
to him, he doesnât believe that, either, Kevin McCarthy, Republican House Speaker, via NBC.
NBC reports that while speaking at the same news
conference, McCarthy defended Trump, dismissing
the investigation as politically motivated.
NBC reports that while speaking at the same news
conference, McCarthy defended Trump, dismissing
the investigation as politically motivated.
The last thing we want ⊠is somebody
putting their thumb on the scale [of justice]
simply because they donât agree with
somebody elseâs political view, Kevin McCarthy, Republican House Speaker, via NBC.
The last thing we want ⊠is somebody
putting their thumb on the scale [of justice]
simply because they donât agree with
somebody elseâs political view, Kevin McCarthy, Republican House Speaker, via NBC.
That is whatâs wrong, and thatâs what
infuriates people. And this will not hold up
in court if this is what he wants to do, Kevin McCarthy, Republican House Speaker, via NBC.
On March 18, Trump posted to Truth Social
that "illegal leaks" suggest that the former
president will be arrested on March 21. .
On March 18, Trump posted to Truth Social
that "illegal leaks" suggest that the former
president will be arrested on March 21. .
New York County District Attorney Alvin Bragg has been
investigating alleged hush-money payments made to
adult film star Stormy Daniels amid his 2016 campaign.
New York County District Attorney Alvin Bragg has been
investigating alleged hush-money payments made to
adult film star Stormy Daniels amid his 2016 campaign.
New York County District Attorney Alvin Bragg has been
investigating alleged hush-money payments made to
adult film star Stormy Daniels amid his 2016 campaign.
NBC reports that multiple sources have claimed that
law enforcement in New York were poised to act on
a potential indictment of Trump later this week
Credit: Wibbitz Top Stories Duration: 01:30Published
Minnesota Power Plant, Leak Occurred in November, , Public Made Aware in March.
On March 16, regulators in Minnesota said
they were monitoring the cleanup of a leak
of 400,000 gallons of radioactive water.
NBC reports that Xcel Energy's
Monticello nuclear power plant said
that there was no danger to public health.
Xcel Energy took swift action
to contain the leak to the plant site,
which poses no health and safety
risk to the local community
or the environment, Xcel Energy, via statement.
According to NBC, while the leak was reported
to federal authorities in late November,
the public was not notified until March 16.
State officials claim they
waited to notify the public while
they gathered more information.
We knew there was a presence
of tritium in one monitoring well,
however Xcel had not yet identified
the source of the leak and its location, Michael Rafferty, Minnesota Pollution
Control Agency spokesman, via NBC.
Now that we have all the information
about where the leak occurred, how
much was released into groundwater,
and that contaminated groundwater
had moved beyond the original location,
we are sharing this information, Michael Rafferty, Minnesota Pollution
Control Agency spokesman, via NBC.
Xcel, which notified the state of the leak on November 22,
said they have been pumping groundwater, while
also storing and processing contaminated water. .
Ongoing monitoring from over two dozen
on-site monitoring wells confirms that
the leaked water is fully contained on-site
and has not been detected beyond
the facility or in any local drinking water, Xcel Energy, via statement.
According to the company, the water
being stored and processed contains
tritium levels below federal limits
Credit: Wibbitz Top Stories Duration: 01:30Published
Credit Suisse Receives, $54 Billion Lifeline Loan.
On March 16, Credit Suisse announced
that it will take out a $54 billion
loan from Switzerland's central bank.
NBC reports that the move comes amid fears of a , global banking crisis.
Following the collapse of two major banks in
the United States, investors have signaled widespread
concerns regarding the stability of the financial sector.
Following the collapse of two major banks in
the United States, investors have signaled widespread
concerns regarding the stability of the financial sector.
Credit Suisse, the second-largest commercial lender in Switzerland, saw its stock recover by about 20% following its loan announcement.
Credit Suisse, the second-largest commercial lender in Switzerland, saw its stock recover by about 20% following its loan announcement.
The move reversed course on
a steep decline in the wake of the collapses
of Silicon Valley Bank and Signature Bank.
The move reversed course on
a steep decline in the wake of the collapses
of Silicon Valley Bank and Signature Bank.
NBC reports that a number of midsized and regional
banks remain under pressure, including
First Republic, PacWest and Western Alliance. .
Earlier this week, First Republic's stock
was downgraded to junk status by two
major credit rating agencies. .
Following the downgrade, stock
in First Republic plunged 35%.
Meanwhile, stock in regional banks
PacWest and Western Alliance
was down 17% and 11%, respectively.
The banking instability has sent ripples through
Wall Street, with the Dow Jones Industrial Average
down nearly 200 points early on March 16. .
The banking instability has sent ripples through
Wall Street, with the Dow Jones Industrial Average
down nearly 200 points early on March 16.
Credit: Wibbitz Top Stories Duration: 01:30Published
Transportation Secretary Urges, US to Take Action Regarding , Air Travel Safety.
Transportation Secretary Urges, US to Take Action Regarding , Air Travel Safety.
On March 15, U.S. Transportation Secretary
Pete Buttigieg warned that the nation's air system
is at risk, citing recent near-miss aviation incidents. .
On March 15, U.S. Transportation Secretary
Pete Buttigieg warned that the nation's air system
is at risk, citing recent near-miss aviation incidents. .
NBC reports that Buttigieg issued the warning
while speaking at an air safety summit
held by the Federal Aviation Administration (FAA).
NBC reports that Buttigieg issued the warning
while speaking at an air safety summit
held by the Federal Aviation Administration (FAA).
According to the transportation chief,
there are indications that the U.S. air system
is under considerable strain.
We can't wait for the next
catastrophic event when we
can see the warning signs today, Pete Buttigieg, Federal Aviation Administration
Safety Summit, via NBC.
NBC reports that the FAA's safety summit comes following
a number of recent runway mishaps and other near
disasters that have shaken the aviation industry.
Jennifer Homendy,
chair of the National
Transportation Safety Board (NTSB),
also appeared at the summit. .
Homendy reportedly cited six serious runway
incidents that have occurred since January.
According to Homendy, the NTSB is also investigating two
wrong-runway incidents dating back to last June,
which occurred in Burbank, California, and Pittsburgh.
Homendy warned that the recent incidents serve
as a "wake-up call" for the aviation industry.
Echoing Buttigieg's sentiments, Homendy
lamented that actions are often only taken
after a catastrophe has already occurred
Credit: Wibbitz Top Stories Duration: 01:31Published
The Securities and Exchange Commission today announced charges against Kim Kardashian for touting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment..
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