4.13.2021

CEO of a top bitcoin exchange warns a crackdown on cryptocurrencies may be coming - CNBC

"A number of officials--from U.S. Treasury Secretary Janet Yellen to European Central Bank President Christine Lagarde--have sounded the alarm about the use of bitcoin for money laundering, terrorist financing and other illegal activities."

 

SPAC Boom Faces New SEC Threat With Accounting Crackdown - Bloomberg

"U.S. regulators are throwing another wrench into Wall Street's SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies."

 

Marijuana Stock Aphria Tanks After Net Loss Widens - Barron's

"Shares of Aphria (ticker: APHA) were down 14% to 14.01 and Tilray stock (TLRY) was 12.7% to 17.26. The ETFMG Alternative Harvest exchange-traded fund (MJ), which includes other Canadian cannabis companies, was down 4%."

 

Banks, After Bracing for Disaster, Are Now Ready for a Boom - WSJ

"Analysts expect banks to post a big increase in first-quarter profits, propelled by the release of rainy-day reserves"