Tagged: elon musk

December 13, 2024 @ 11:56 am By JD Alois  |  

Elon Musk, founder and CEO of multiple firms including Tesla and SpaceX, has leveraged X, another one of his companies, to lambast outgoing SEC Chairman Gary Gensler.   Oh Gary, how could you do this to me? 🥹 pic.twitter.com/OoooQI77ZS — Elon Musk (@elonmusk) December 12,… Read More

November 23, 2024 @ 10:00 am By Tony Zerucha  |  

Oraclum Capital founding partner and CIO Vuk Vuković, PhD, said the interplay between Donald Trump’s policies and the Fed’s reactions to the outcomes will shape finance in 2025. Vuković said inflation will once again be at the forefront of market (re)action, as it could potentially… Read More

November 21, 2024 @ 5:46 pm By JD Alois  |  

Elon Musk, the owner of X (neé Twitter), Tesla, and SpaceX, responded to an X by outgoing SEC Chairman Gary Gensler in a stinging retort. Gensler’s exit from the Commission was announced today with the Chairman dragging it out until the day President-elect Donald Trump… Read More

November 21, 2024 @ 2:52 pm By JD Alois  |  

Earlier today, the Consumer Financial Protection Bureau (CFBP) issued final rules on non-bank firms providing payments and transfers. Digital payments have become the norm as people adopt digital wallets, hosted on their smartphones, as simpler and quicker way to transfer funds. While there are many… Read More

October 14, 2024 @ 9:13 am By JD Alois  |  

Stating that the UK International Investment Summit is looking like a “publicity stunt, “Douglas Grant, Group CEO of Manx Financial Group, said they welcome the gathering but it raises some concerns. The event is arriving several weeks before the Labour government’s budget reveal which are… Read More

March 22, 2024 @ 3:06 pm By JD Alois  |  

Senator Elizabeth Warren is on the warpath once again, taking aim at one of her favorite targets: Elon Musk. In a letter addressed to the Securities and Exchange Commission (SEC), Senator Warren tells SEC Chairman Gary Gensler that Musk and Tesla’s Board of Directors “may… Read More

March 7, 2024 @ 8:19 am By Omar Faridi  |  

Elon Musk has stated that social media giant X (formerly called Twitter) may soon obtain payment licenses in New York and California. Musk said on Wednesday that his social media platform X may soon get approval for a money transmitter license in the state of… Read More

January 9, 2024 @ 2:37 pm By JD Alois  |  

X, formerly doing business as Twitter, has announced it will launch peer-to-peer payments in 2024 fulfilling an already revealed goal of the platform. In a blog post, X outlined its accomplishments and changes since Elon Musk took over the faltering social media platform.  X said… Read More

October 27, 2023 @ 9:10 am By JD Alois  |  

  X, formerly known as Twitter, wants to become your new bank. While it is not clear if X wants to be a Neobank (no bank charter) or a Digital Bank (a bank charter), what is clear is that Elon Musk wants to turn the… Read More

October 18, 2023 @ 7:57 pm By JD Alois  |  

Elon Musk and Mark Cuban have joined with Phillip Goldstein, Nelson Obus, Manouch Moshwayedi, and the Investor Choice Advocates Network (ICAN) in filing an Amicus brief in regard to a Securities and Exchange Commission (SEC) court case. The case has to do with Patriot28 and… Read More

October 6, 2023 @ 12:08 pm By JD Alois  |  

Elon Musk has taken to X to predict a massive overhaul of the Securities and Exchange Commission (SEC) and other regulators. Responding to an X from Mario Nawful, Musk had this to say: “A comprehensive overhaul of these agencies is sorely needed, along with a… Read More

October 5, 2023 @ 10:49 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has issued an order directed at Elon Musk, seeking to compel the world’s wealthiest entrepreneur to “comply with an investigative subpoena calling for his appearance for testimony.” Musk, who acquired Twitter, now named X, has become a target for… Read More

August 30, 2023 @ 9:18 am By JD Alois  |  

Coinbase (NASDAQ:COIN) has revealed a new partnership with X (formerly Twitter) to fill open positions at the crypto exchange. According to an X, job openings may now be scrolled directly on Coinbase’s profile. Coinbase is thrilled to partner with @X on the launch of a… Read More

July 26, 2023 @ 12:28 pm By JD Alois  |  

Elon Musk continues to discover new territory with his purchase of Twitter. Having now rebranded Twitter as “X,” Musk recently described X as morphing into an “everything app.” Musk says that from a media platform allowing free speech, X will become a “comprehensive communications” provider… Read More

July 18, 2023 @ 10:05 am By JD Alois  |  

Senator Elizabeth Warren has sent a letter to SEC Chair Gary Gensler requesting the Commission investigate Elon Musk and his activities with his two companies – Twitter and Tesla. The premise is that there is a conflict of interest with Musk’s involvement in Tesla and… Read More

July 6, 2023 @ 8:39 am By JD Alois  |  

Twitter has long been expected to move into financial services. Peer to peer payments on the social media platform make a lot of sense – not to mention payments and transfers in general. One of the largest payment platforms in the world is China’s WeChat… Read More

June 15, 2023 @ 10:07 am By JD Alois  |  

The world’s richest person and top entrepreneur, Elon Musk, is describing ESG, or the Environment, Social, and Governance movement, as the “Devil.” In a Tweet that included a statement by S&P Global that cigarette firm Philip Morris International topped Tesla in its ESG “score,” Musk… Read More

May 25, 2023 @ 11:33 am By JD Alois  |  

Yesterday, in a Twitter Spaces interview which was delayed due to overwhelming interest, Florida Governor and candidate for President Ron DeSantis expressed his support for Bitcoin while re-iterating his opposition to central bank digital currency (CBDC). Florida has passed a law that they do not… Read More

January 30, 2023 @ 10:16 pm By JD Alois  |  

Multiple reports today indicate that Elon Musk wants to incorporate payments as a service within Twitter. The initial source of information was an article published in the FT today that indicated Musk would start with fiat currencies and perhaps add cryptocurrency in the future. Twitter… Read More

December 22, 2022 @ 11:21 am By JD Alois  |  

For quite some time, Twitter users incorporated dollar “$” symbols in Tweets to highlight a ticker of a traded security.  Yesterday, Twitter announced that it was expanding this concept by linking data to ticker symbols that incorporate the “$,” including stocks, exchange-traded funds, and crypto…. Read More