Securities and Exchange Commission

Cypriot Finance Minister Makis Keravnos announced on Tuesday that the cabinet of the Republic of Cyprus has approved the establishment of a unified regulatory authority for companies offering administrative services.

U.S. securities regulators gave the green light Wednesday to a group of bitcoin exchange-traded funds, a keenly anticipated decision expected to boost the cryptocurrency.

Regulators approved proposals for 11 ETFs to list on leading exchanges including the New York Stock Exchange "on an accelerated basis," the Securities and Exchange Commission said in a 22-page order.

Bitcoin, the leading cryptocurrency, surged nearly 5% to cross the elusive 40,000 threshold, marking its remarkable resurgence in over 18 months. This notable climb continued the digital currency's year-long recovery, fueled by anticipations of reduced interest rates and heightened demand from the exchange-traded fund (ETF) sector.

The global cryptocurrency industry has been slammed by setbacks, scandals and high-profile failures in recent months, sparking a regulatory rush to protect consumers from fraud and scams.

The Facebook and Instagram accounts of former US President Donald Trump will be reinstated by Meta after a ban of two years, according to New York Times.

Elon Musk, the CEO of electric car giant Tesla, will face trial on Tuesday over allegedly manipulating the stock market with a tweet after a federal judge rejected his request to move the case out of California.    

The case dates back to August 2018 when Musk tweeted that he had sufficient funding to take Tesla private, causing a whirlwind in the company's share price.    

Tesla CEO Elon Musk has until Friday to close his USD 44 billion Twitter acquisition deal or face a trial, reported CNN Business.

Twitter misled users and U.S. regulators about "extreme, egregious" gaps in its online protections, the platform's ex-security chief claimed in whistleblower testimony that could impact the court fight over Elon Musk's buyout bid.    

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published Tuesday, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal.

The Tesla boss sold some 7.9 million shares between August 5 and 9, according to filings published on the Securities and Exchange Commission's website.

Twitter can become a paid service for companies and government agencies. Entrepreneur Elon Musk, who bought the company, announced this on his page on the aforementioned social network.

"Twitter will always be free for ordinary users but it is possible to pay a fee for commercial or government users," the publication said.