token to get on the blockchain? >> one of the hardest things we did for ourselves as an industry is called this industry cryptocurrency. what it should have been is maybe cryptost a new technology platform. there are reasons why tokens need to exist to secure networks. one of the ways ethereum works is you are taking a theory of -- ethereum tokens and putting them up as economic security to validate transactions and provide security and that network. the amount of transaction revenue going through it every single day is tantamount to something that is massively scalable if it were to be traded on the nasdaq like salesforce. if we look at them from that perspective, there are assets that are fundamentally valuable. >> tell us about the businesses you are invested in that are doing actual work that has nothing to do with the value of the token. for example, smart contracts of the recording events, what can blockchain do that you are actually seeing it do? >> one of the companies we just announced a large fund raise for was stardust. hannah miller broke that story. they just raised a new round of funding which we continued on with our existing investment. they p

crypto. i don't see how that can work end quote and i think he is a good point. given the novel nature of these tokens congress ought to step in and provide clarity. in particular need to revisit the definition of security as part of a larger effort with the crypto market. crypto tokens have varying degrees of decentralization and they usually did not have the financial claim on issuer and can be federal then real-time without intermediate years. these are important differences in a merit clearly stated tailored regulatory framework. while they sec has failed to provide the regulatory clarity its finishing burdensome and proposed rules in the ordinary securities market. at the top of that list is the sec's exposure rule. public companies have required legally required to disclose material on climate change information. the proposed rule however we go much further to require disclosure of exceedingly expensive global warming data in this the data will be enormously expensive to collect. almost none of it will be material to finance. the an oar reports elan the sec estimates and prevent -- aggregate iss

kim kardashian gets fined by the fcc after selling a crypto token without disclosing she was paid for it. i want to take a look at the market stocks. kicking off the week with big gains after suffering there were september in two decades. ed ludlow has been watching all day. take it away. >> welcome back. some green on the screen. that has been a rare sight of late. the s&p 500 with its best day since july. the nasdaq 100, best day since august. we have seen this callback in yields that have been surging so steadily, showing no signs of abating. bitcoin in this risk on mentality still cannot reach 20,000 dollars per token but in the s&p market, the worst quarterly run since 2002, it was a lot of green in the tech space this monday. look at the movers and shakers during the day. gains on the nasdaq 100 in the green. this is the mov function on the bloomberg terminal. a lot of tech names making gains. one that really stands out is over my right shoulder. tesla down 8.6%. a really marked reaction to the production numbers that missed estimates. elon musk and company saying the number of

. $2 million in penalties and cooperate with the sec's ongoing allegations of promoting crypto tokensn instagram in june of last year without letting her millions of followers know that she was paid 250 grand for the plug. and paying the settlement the sec says kardashian didn't admit or deny wrongdoing, experts say they might not prevent her becoming a lawyer but will raise a big flag she has to explain, kardashian wants to become a lawyer to fight for prison reform. stuart: florida's governor desantis caught a lot of heat for this morning to looters, roll tape. >> don't even think about looting, don't even think about taking advantage of people in this vulnerable situation, a second amendment state. we won some people didn't listen, four suspected looters now under arrest. britain prime minister liz truss made a major u-turn and abandoned plans to cut the tax rate for the wealthy, could this be a signal that liz truss is on the way out? we will deal with that next. ♪ it's been a hard day's night ♪ and i've been working like a dog ♪ it's been a hard day's night ♪ i should be sleeping

kardashian promoted e max crypto tokens to her millions of instagram followers the sec said she failed quarter of a million dollars to do. so kardashian agreeing to pay $1.2 million fine to settles the case. however, legal experts say the incident race red flags that she tried to become a member of the bar association. uh-oh. meantime kardashian's ex, kanye west making a fashion statement. appeared alongside candace owens white lives matter t-shirts. reconciled after a fallout. not part of west e-z season. will west terminated his contract with the gap. and today is the best day ever. it's national taco day, guys. and taco bell is recruiting kardashian's other ex-boyfriend comedian pete davidson to make a formal apology for some of their more unique menu items on the chain's breakfast menu. watch this. >> a bit crazy when it's breakfast. too much. what you need in the morning is tasty, simple foods, fluffy eggs, melted cheese, sausage, hash browns maybe wrap it in tortilla. >> they should open a restaurant that only serves breakfast crunch sticks. >> in honor of the holiday. taco lover

c s ongoing investigation into allegations that she promoted imax crypto tokens on instagram without also letting her millions of followers know that she was paid $250,000 for the plug. in california. aspiring lawyers take the bar exam but also go before a so called character committee experts say it may not prevent her from becoming a lawyer, but it will raise a red flag that she has to successfully explain. kardashian has said she wants to become a lawyer to fight for prison reform. at 10 tonight. a class action lawsuit filed today against john, your health accuses the hospital of quote, unconscionable billing practices . the lawsuit accuses the hospital chain of charging more than $6000 for routine drug screenings that typically cost around $100. the lawsuit was filed in the superior court of california for the county of contra costa. the suit alleges the hospital's billing practices are unlawful, unfair and fraudulent and that it's in violation of consumer protection laws. in a statement to ktvu john muir denied the allegations , the statement goes on to say we have no record of

and whether all of these things are now consistent or not. >> so there is about 10,000 tokens, crypto tokensrities and exchange commission was put in place to protect the public in those circumstances. when you're hoping for a better future, you're unvesting in something, anticipating profits based upon the efforts of others and that's what we found in this case with this and to your question, i think and my predecessor thought this as well, most of these tokens are, in fact, that that the public is investing and anticipating and hoping for a profit based on somebody else's efforts. yes, there are various intermediaries are likely need to register as either broker dealers or exchanges as you said >> we had chairman from the ftc made last week kcftc should be regulating these things. when you start to build up case laws, examples of people that agreed to settle with you like this, does that make the case more affirm the sec would then be placed where these are regulated? >> look, our agency is an agency that oversees this basic bargain when a group of entrepreneurs is raising money from the p

the stock is worth $1800000000.00 had advertised a crypto currency called e max tokens, while failing to disco, disclose what she got paid for it. she's not the only celebrity to be fine for pushing crypto back in 2020 actor steven seagal have to pay over $300000.00 for a similar stump. promoting bitcoin to gen digital assets. you are spokes of floyd, may weather and music produce a d. j colored also on this list in 2018. they were both fined for promoting investments in sentra, another crypto currency company. so for more on this be better to attend to that entertainment journalist k j matthews in los angeles. great. have you on the program, k, j, y, do, celebrities, i think it's a pleasure what, why do they seem so keen to get involved with crypto currencies? well, you know, i think the question better question is why are they keen to get involved? anything that they get paid for may not actually be buying the product themselves. crypto currency has been all the rage for a few years now. so as you just notice, d j can lead, ah, baxter, off lloyd may, whether steven seagal, all of th

kim kardashian will pay almost $1.3 million to settle allegations that she illegally touted a crypto tokenshe used social media to promote a crypto asset security offered by ethereum max, but failed to disclose that she was paid $250,000 to do so. tv channels owned by walt disney are back on dish network after a weekend blackout that left millions of customers without access to channels like espn and abc. disney said it reached a tentative agreement that reflects fair value for its content. >> can we have a bear market rally? absolutely. 8% in this environment is not unheard of and provide you opportunity if you are short-term in nature. jonathan: the global macro strategist at state street. futures positive on the s&p 500, half of 1%. in the bond market, a 10-year done by 12 basis points. the two-year, 4.55%. asking guess last week, will we still be doing qt at the start of 2023? i got a yes from three, i'm not sure from mohamed el-erian. wondering that can continue given the financial stability concerns. tom: the data dependency, the theory that at every central bank has to keep their op

injune of last year, kim kardashian posted a link to the ethereummax crypto token on her instagram accounternet account or rather instagram account happened in june of 2021. basically, she had put a link to this particular crypto currency and said in a post that this is not financial advice, just take a look at one of my friends have just sent take a look at one of my friends havejust sent me. take a look at one of my friends have just sent me. that kind of post actually went over rules saying if you want to crypto currency you have to disclosure being paid for it for the end is paid did not post she was in fact paid 250 thousand dollars for this particular post that's why the fcc, the securities regulator in america find the reality tv star for that post because she didn't disclose it. in addition to that she also agreed she's not going to get any more money from crypto currency promotion in the next three years. interestingly, even though she absolutely cooperated with the investigation and agreed to pay the fine and doing so she is not admitted any wrongdoing or she denied any wrongdoin

regard to crypto it's really important that the public understand if somebody is touting a crypto security tokenand how much are they getting paid. >> so he went on to even publish a video for the s.e.c. really encouraging investors to remember just because a celebrity says it's a good investment product does not mean it is, especially if you don't know that person is being paid. this is kind of a new frontier for the sech, and gary gleensle said it is their job to help investors protect investors and crypto is just like -- it's just like the '20s or the '30s, it is something that people are rushing after and they need to be protected. >> it's an important point. a lot of retail investors have been involved in this and oftentimes they can be influenced, we can all be influenced by what famous folks say about this stuff. >> yeah, it's not a stock. remember, a company is regulated up and down and left and right. crypto regulation is essentially nonexistent. >> christine romans, thank you very much. >> you're welcome. >>> well, this morning we have never heard before interviews between former presi

token spend, in various cryptocurrencies is going to be an increasing part of their balance sheet as digital as adoption continues. >> when you're looking at cryptoabout tokens, you already mention here the difficulties when it comes to accounting for them. what about other assets? nft's and other types of web three assets, how is that when it comes to being accountable shareholders and regulators? >> i think that is an extremely difficult question right now to answer and it will be unfolding in the next several months. how do we govern something that is theoretically decentralized and is not incorporated the same way a traditional company is. >> the thing that makes this even possible is you are working with coinbase and custodian and things like that. how much -- how much easier work growing both on the crypto side and the traditional finance side? >> i think it will be absolute crucial here, that's why we are excited to be backed as a leader in this space. we are backed by coinbase as well because there will be a lot of players and ecosystem. >> even though there is a longer-term view of the letter players in the ecosystem the reality is it is

crypto. the at same token lost in all of this was a headline, treasury financial stability watchdog warns cryptocurrencies explosive, is it that dangerous? the entire economy! >> bitcoin is here to stay apparently. what i would say is there is clearly other things that are threatening the u.s. economy more, including how the government has treated inflation and money printings over the last year or two. charles: that's right. >> for cryptocurrency people are entrusting their funds to that. so when there is volatility in the markets and people have not sort of understood the risks associated sure there is risks to that but -- charles: the entire economy that is a little hyperbolic, wouldn't you agree? >> that is what the treasury is designed to protect. the headline, the statement is really jarring at first, they're agreeing with the biden executive order, everyone get in line, everyone collaborate, figure out how to regulate the space. we keep having that conversation. charles: i just worry it will be an overreach, there are ulterior motives. there is something else that caught my eye, and i definitely wa

crypto. >> do you know what nonfungible token is? on't want me regulating it. >> no, exactly. >> exactly. if i don't know what the acronym is, i shouldn't. >> nft is encoded with rare code, giving it value. >> i think crypto, at basic point, looks and smells like a commodity like gold would. >> the securities exchange xhigsz regulate it if it is like a stock or bond. >> in the late 1990s it lacked the word internet, that shows how congress struggles to keep up with the kardashians or digital currency. trace. >> trace: thank you, if you haven't heard it yet, the latest skooby-doo movie will depict velma as a lesbian. the director of the live action skooby flick tweeting he tried to make velmaa lesbian in his film and the studio watered it down. and in news round-up, reports that tom brady and his wife have hired attorneys, they have been spending time apart following months of tension. >> high fly ball deep left. and there it goes, history, he's done it. he has done it. 62. >> trace: history in the world of sports, aaron judge hit reco

crypto hub. if you mean we want to engage in more tokenization of real and financial assets to fractional lies themactionalize them to unlock canonic value, we still want to be a crypto hub. if you mean whether we want to be a hub for the training of cryptocurrencies, no. that is not part of the vision, we did not state so emphatically before but now we do. we do not be a -- want to be a mere hub for trading cryptocurrencies it is a whole ecosystem we are promoting. >> other cities, what does it offer that they don't? >> i don't think we set ourselves out to compete especially in terms of regulation. we have to do what is necessary to contain the risks, and they are primarily harm to retail investors. there is some risk on money laundering and terrorist financing. on the latter, almost every jurisdiction is on the same page did i don't think any jurisdiction is considerably lax when it comes to money laundering controls. we have tighter controls on money laundering investments. today, the measures would be among the strictest with respect to retail access to cryptocurrencies and we think that is ne

the token is a crypto asset offered by a theory of max kardashian posted about it last year with the ad. sec chair gary gansler says that hashtag wasn't enough to shield her from violating securities laws, your advertising, perfume or your advertising, vacation homes or or anything else on the internet . there are various laws related to that. but these are the securities laws that you have to disclose. not only that you're getting paid, but the amount nature of it, kardashian has agreed to pay $1.26 million and cannot promote crypto securities for three years. she will also continue cooperating with the s e. c s ongoing investigation. under the deal, kim did not admit nor deny the agency's findings and this was really to protect the investing public when somebody is touting a stock and whether that's a celebrity an influencer or the like, and that's at the core of what this is about. kardashian isn't the only celebrity the sec has gone after in 2018, boxer floyd mayweather jr and music producer dj khaled were also fined for allegedly failing to disclose how much they were paid to pr

crypto currency on her social media profile. the u. s. securities and exchange commission said that she had failed to disclose. she was being paid a quarter of a $1000000.00, the advertising emacs tokens. she also agreed not to promote crypto asset securities, the 3 years ah, this is al 0. here are your headlines. the lower house of russia's parliament has approved moscow's claimed annexation of 4 regions in ukraine. the laws formerly incorporate the regions of her son done yet go hands ken's upper region into the russian federation. as follows referendums in these areas just over a week ago when moscow said people voted overwhelmingly to join the russian federation. iran supreme leader has spoken for the 1st time since mass demonstrations spread across the country, ayatollah ali harmony says that he feels heart broken by the death of masa mimi. but he criticized what he called plan to protest this corner. she blames the u. s. in israel, for the biggest protests, iran has witnessed in years 22 year old army died after she was detained by the morality police for violating headscarf rules in extra charge that around it is either this right has been planned. if the death of this young gi

crypto. this is not financial advice but sharing what my friends told me about the ethereum max token". stors sued her as well as former nba star paul pierce and boxer floyd mayweather accusing them of artificially inflating the asset and kardashian agreed not to promote any crypto assets for three years. look at cryptos now and bitcoin is below 20,000 and we have up $249 and that's a gain of 1.25% and ethereum is nadhim flat and litecoin up about 1%. the dow having its best day since june of 2020. nice move here. all 11 s&p sectors in the green at this moment and dow up about 3%. speaking with the s&p, nasdaq up 2.7%. it's a big rally day here on this first day of october and first day of the fourth quarter. we need to look at peloton. you know it's a good rally if peloton is pedaling higher after announcing a partnership with hilton hotels and the fitness company said by the end of the year at least one peloton bike in the fitness centers of 5,400 hilton branded hotels. stock is up 6.5%. hilton's up just under 2%. hotel members will also be offered a peloton app trial to use with the c

the token is a crypto asset offered by a theory of max kardashian posted about it last year with theashtag ad. sec chair gary gansler says that hashtag wasn't enough to shield her from violating securities laws, your advertising, perfume or your advertising, vacation homes or or anything else on the internet. there are various laws related to that, but these are the securities laws that you have to disclose. not only that you're getting paid, but the amount nature of it, kardashian has agreed to pay $1.26 million and cannot promote crypto securities for three years. she will also continue cooperating with the s. e c s ongoing investigation. under the deal, kim did not admit nor deny the agency's findings and this was really to protect the investing public when somebody is touting a stock and whether that's a celebrity and influence or or the like, and that's at the core of what this is about. kardashian isn't the only celebrity the sec has gone after in 2018, boxer floyd mayweather jr and music producer dj khaled were also fined for allegedly failing to disclose how much they were pa

>> dom, let's start with c coinbase it has the green light it will allow the crypto exchange to offer digital payment token singapore. coinbase calls the approval a milestone saying singapore is a strategic market and hub for web 3 innovation >>> cathie wood's ark snapping up adobe wood's next generation internet etf is buying more than 23,000 shares of adobe yesterday. the same fund buying 23,000 shares on september 19th before the recent purchase, ark was holding less than 12,000 shares of adobe since the middle of last year. >>> elon musk accusing twitter of ordering the whistleblower to destroy evidence musk claimed the social platform told the head of security to get r rid of the information the report says musk's claims came before he revived the deal to buy twitter >> silvana henao with the latest thank you very much. >>> still on deck for the show the latest on the escalating situation in ukraine as the u.s. vows new support in that country's fight with russia. >> announcer: today'si big number $43 billion. that was with the total amount invested through vc deals durin the third quarter. according

crypto currency. according to the us financial regulator, she broke the rules when she touted e max tokens on her instagram account without disclosing, she was paid $250000.00 by their max for the post. inflation in turkey has jumped to a new 24 year high a week after the central bank cut interest rates. again, inflation hit 83 percent in september according to the state statistics agency. however, an independent inflation research group claims the actual right to more than double that turkish government has said, inflation would fall with its new economic model, which prioritizes low interest rates, to boost production and growth. well, we've been asking people in a stan bull how inflation is affecting them, got their prices are high. we're really struggling. we have 2 children who go to school. we are only earning minimum wage and it's hard to make a living on the position. they may 19 years old and i'm not hopeful. i don't think the situation here in turkey will improve. you have all the good i'm. i don't see a future here. i actually want to go abroad. this is true for most of us on which and then we g

crypto? there's a company called the maxx tokens. they just print meant id like a trillion of them. and didn't disclose that she owned it. you got paid for it's just it's bad news. i try to remind people be careful on the celebrity and, you know, she did this at the top of the market. in the end, they went after her pretty aggressively to try to make the case out of her million penalty is pretty steep on no doubt. all right, rob, thank you, as always. always fascinating stories that you bring to the table >> keep coming, by the way, and let rob know what you want to chat about. you can reach him on facebook and twitter and also e-mailed direct rod or a black dot com. we'll see or a black dot com. we'll see you tomorrow. life is busy. so, come to shell and get three things done at once. first, fill up with shell v-power nitro+ to help keep your engine running like new. nice! then save up with the fuel rewards program and never pay full price for gas again. oh wow! and, finally, snack up to save even more at the pump. that's great! make the most of the stop you need to make with shell

crypto currency on her social media profile. the u. s. securities and exchange commission said she failed to disclose that she was paid quarter for $1000000.00 for advertising e max tokens. she was agreed not to promote crypto asset securities for 3 years. let's get sport his anti thanks so much molly. well we're, i'm a drug of drop points for the 1st time this season. cream benzo ma, missing a penalty on the chance of victory against also sooner or when would have taken round top of the table but back gone. no lead disappeared garcia's scrutiny closed with the sooner seek benjamin than mister golden chance to get the when the father spoke it over the ball with the 12 minutes to go with any champion. second in the table behind la slona on gold, different getting the premier league, manchester nights admonish eric and hug said he didn't bring christiane or an aloe on journal. 63 defeats against man city because he has too much respect for the portuguese striker and are criticizing himself and his team after the loss. phil photon and eric holland, both his 3 goals, the city hall and becoming the 1st player to secure the school. 3 successive ha ha tricks in the permian def

token someone sells. what we have been talking about is mango governed by someone as well. emily: how are cryptoeacting? >> one interesting thing to look at is sam bankman-fried's framework that he created. you can't stop people from doing this. it's essentially a way to find a hole in system and profit from it. he said the hacker should keep 5% of the taken funds and this should be a rule, but also the customer must be made whole first. if that doesn't happen, the hacker doesn't get back the funds and has 24 hours to return the funds. he calculates the impact could be reduced by 98% if this were to happen. in his blog post, he said he feels uncertain this is the standard to have however, it is one proposal he is open to suggestions. i would be interested to hear what the suggestions are as people try to figure out how to change the market and the rules around for what's not a technical hack, it is a different way of trading different products around a strategy that is losing a lot of people money. emily: thank you for breaking down a complex topic yet again. always good to see you here. coming

crypto? sharing what my friends told me about the ethereum max token.es of the s.e.c. they say she was touting stock and did not disclose fact she was paid $250,000 for the post, so they fined her. she has to basically hand that over and another million dollars on top of it. kim kardashian's lawyers say she fully cooperated from the beginning and remains willing to do whatever she can with the s.e.c. the important thing also is besides the fact that she violated the securities law, which is one thing in itself, but let's not forget miss kardashian is now a qualified lawyer. she may not be a lawyer but she's passed the baby bar and is on her way to a full-scale lawyer. for lawyers to behave like this has an element to it which might be why the fine may be so severe. >> that's something. >>> i want to get your take. prime minister liz truss scrapping the tact cut for the wealthy. this is a major backtrack. why now and what happens now? >> this is the extraordinary, the classic political u-turn on the top rate of income tax which the torey party wants to c

token the buy like very much. now of course, this is just a prop crypto currencies are purely digital and we access them in a digital wallet. we can send them anywhere in the world in a flash. if a business accepts it, you can buy goods and services you can think on. it's built on the block chain, a decentralized database of transactions that's transparent and secure, but bitcoin can get pretty wild crypto currencies have no controller except the markets. people have made fortunes and lost them, their value can go. 6 way, way, way up. oh, come crushing. oh no. but where does it come from? what does it cost the planet? is it the future of money or the useful has money? it's all. my name is rory challenge, and i want to find out who's my 1st destination, pennsylvania, the u. s. states that is fully embraced crit bitco, and he's going to take over the world that will have to conquer america. and it's making good progress. recent survey suggest about a face of american adults for the already bought into crypto. so now that i'm here, i better get some right. this is chain bytes inside is a man who's trying to make buying

a planned licensing program for crypto platforms will be enforced from next march. regulators are seeking to allow bigger tokens but won't specific coins like bitcoin or ether. global news, 24 hours a day, on air, and on bloomberg quicktake. powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn, this is bloomberg. haidi: the former australian ambassador to china geoff raby joins us to discuss the power plays and rising tensions with the west. we open up with the investment playbook from wealth enhancement group. and here about a relief rally upon the way. this is bloomberg. ♪ kathleen: investors chew over the fed's rate hike path, missed economic data and a deluge of earnings reports. let's go through all of this with a senior financial advisor at wealth enhancement group. the past 48 hours, this is been a mega cap tech show. today, we got apple and amazon, a let's start with a not so good news which was amazon. what is your reaction? nicole: not overly surprising. the day started with a gdp report that we are not even talking about and that shows us the value and true

crypto art in the artwork went up in value. and this in times increased the value of the tokens themselves. i was very interesting this particular collection of early and if tease from the train uniting the called auto gloves, they are the 1st instance where you have a full artwork entirely on the iro blace. it's a generative our case using a lot of reference from sali, which from the seek, seized the idea of the wall drawings like a set of instructions. it's the same, but on the blocks from purely just telling you all this work now. yeah, you on the codes, the idea of this new paradigm is for you to all are something that everybody can see. but oh yeah, you can be the true owner. now the market price of our autograph is like a $1000000.00. and we, we have one of the largest collection saw off auto lives with people are making huge amount of money that you're wealth creation is not out of nothing where step money coming from. yeah, i mean, that's kind of a complicated question. right? because i think, and this is what i think intellectually is quite interesting about trip occurrences in gen

crypto hub. if you mean we want to engage in more tokenization of financial assets to fractionalizing and monetize to unlock economic value, yes, we still want to be a crypto hub. but if you mean whether we want to be a hub for the trading of cryptocurrency, no, that is not part of the vision. we did not stated so in radically before, but now we are standing at more emphatically. we do not want to be a hub for mere trading of currencies. there is an asset ecosystem we are promoting. >> is singapore losing out? in terms of its regulation even, what does singapore offer that they do not? >> i do not think we set ourselves out to compete with other jurisdictions especially in regulation. we have to do what is right for us, what is necessary to contain the risks, and the rest are primarily to harm retail investors. there are some risk on money laundering and terrorist financing. i do not think any jurisdiction is considerably lax when it comes to anti-money laundering credentials. we have to the controls on the, and today who might have seen the latest round of measures, i think they will be among the

crypto-- four question marks?" "my friends just told me about the ethereum max token!" then wayyy down at the bottom... hashtag-ad. if only it were that easy to disclaimer your way out of wrongdoing. "honey, i'm not cheating on you. i've always been 100% faithful. hashtag-boning-karen." so here's the deal, here is what happened. so kim had to pay a $1.3 million fine, then her lawyer released this statement: "the agreement she reached with the sec allows her to... move forward with her many different business pursuits. for instance, are you guys into getting thin by eating candy??????? my friends just told me about ephedrine weight loss taffy!!!!!!!!! #thiswillkillyou." meanwhile, thanks to their supposed waterproofing, elon musk claims cybertrucks can "serve briefly as a boat." hey, genius, you drive it into a lake fast enough, any car can serve briefly as a boat. then slightly longer as a submarine. and then eternally as a coffin. meanwhile, according to a new study, dogs canmell we orcan ca. they just don't care. meanwhile, new york's public transit authority, "the m.t.a. n reat newr melled hot urine

software that allows venture funds that are raising crypto funds which are different than traditional venture funds because they can now invest in tokensake both equity and other token like investments alongside their equity investments. it's a slightly different way to manage venture funds. we have built software to help those venture funds and on the start upside, there's all of these startups that are raising effectively, capital tokens, what we call a token capital. who owns all the capital in the initial start up? we have one operating both the cap table in carta. emily: henry ward, ceo of carta. good to have you back with us. thank you for stopping by. coming up, could and fts mean the end -- nft's mean the end of a password era for good? unstoppable domains is next. this is bloomberg. ♪ emily: time for our crypto report. we're looking at diversity in web three, with the leading platform unstoppable domains, which announced a new goal, and distributed millions in nft. domain to help them build and control their digital identity. here is the vice president, joining us for that. i want to talk about the password and username issue,

advertise a security, when she posted, "are you guys into crypto"-- four question marks-- "my friends just told me about the ethereum max token bottom... "#-ad." if only it were that easy to disclaimer your way out of wrongdoing. "honey, i'm not cheating on you. i've always been 100% faithful! #-boning-karen." so, here's the deal. here's what happened. so kim ended up having to pay about a $1.3 million fine, then her lawyer released this statement: "the agreement kim reached with the s.c.c. allows her to move forward with her many different business pursuits. for instance, are you guys into getting thin by eating candy?"-- seven question marks-- "my friends just told me about ephedrine weight loss taffy!"-- nine exclamation marks-- "#-this-will-kill-you." ( laughter ) ( cheers and applause ) meanwhile-- hashtag, dead. no heart. no heart. ( laughter ) meanwhile, thanks to their supposed waterproofing, elon musk claims cybertrucks can "serve briefly as a boat." ( laughter ) hey! genius! if you drive it fast enough into a lake, any car can serve briefly as a boat. then, slightly longer as a submarine. then, eternally as a coffin

crypto securities for three years. and to be clear, she puts up the instagram post supporting the tokens, dozen say she's getting paid.e was also a link to their site where you could sign up to buy e-max if tokens. so pretty clear cut, i would hi. but -- dagen:st the most basic of securities laws. it's, if you get paid to hawk some security, hen you've got to disclose that you're getting coin to hump -- >> is hump a term of art? dagen: it's pumping and humping. if you got coin for it, you've got to tell would-be followers and would-be investors that you got paid. cheryl: a lot of them young. dagen: i'm going to be a lawyer. [laughter] >> she passed the baby bar, so that is factual. she could become a lawyer. that's all i have to say about this. dagen: maybe she actually needs to go to law school -- >> that's the purpose of the baby bar. you don't have to go to law school -- dagen: that's a california thing, isn't it? >> only in california. no law school needed. dagen: i'm going to be a lawyer. >> -- surrounds herself with well-fed lawyers too. cheryl: i think she needs to get some new ones. dagen: $1.26 million -- >>

had been paid $250,000 to do so the post involved emax tokens and included a link with instructions for potential investors to purchase emax cryptoeality tv star is cooperating with its ongoing investigation. kim you got to make sure you put that wet hashtag ad. can she never not be in the news whether i mean, it's just every day. there's a new kim she knows how to get herself out there, but all right next at 6:30 here. yes, a woman violently robbed of her life savings from inside her home in daly city. we have new details what's it like having xfinity internet with supersonic wifi? it's fast... like beyond-gig-speed fast. yeaaaaaaaaay!!! with three times the bandwidth, and the power to connect hundreds of devices at once. get the xfinity supersonic bundle with unlimited gig speed internet, wifi equipment included and a free 4k streaming box. all for $50 a month with a 2 year internet rate guarantee and no annual contract when you add xfinity mobile with unlimited data. switch today! moving forward finding solutions. this is abc 7 news. now at 6:30 another violent weekend in the east bay this time leaving two teenage brothers dea

crypto currency called ethereum max. the wording she used was actually this is not financial advice butjust sharing what my friends tell me about the ethereum max tokenhat is paid for and what is real, what is free, what is being given to an influencer, the laws state that adverts should be clearly signposted and in this case it was not so, kim kardashian must pay back that money with interest and pay that $1.2 million fine. and as for the crypto deal, as it were, there are risks involved clearly, as well. it is worth stating that you will arrive if we were so inclined we could set up a grip it is an unregulated industry and in this case what has been accused was that kim and the creators of a pump and dump scheme where you create a piece of currency and inflate its value artificially with this kind of influencer and marketing. smoke and mirrors, you could call it. it is worth saying that back injanuary, kim kardashian and the creators were sued by people who had invested. they said they lost money and had been misled. kim and the creators denied that but looking atjust the statistics on this, as a piece of currency, ethereum max has lost 95% of its

crypto hack. $500 million of its bnb token stolen >>> check out the futures ahead of today's jobs report which isor all of these dow futures up by 38 points. s&p futures down by 2 1/2. the nasdaq off by 42 "squawk box" will be right back. that's it. to maximize profitability. morning. i have quarterly numbers that are beautiful. and forecast revenue from every corner of your organization. is that important? or you could use workday. the finance hr and planning system that helps cfos make better decisions faster. for a solve problems like a genius world. workday. for a changing world. ♪ icy hot pro. ♪ ice works fast... to freeze your pain and your doubt. ♪ heat makes it last. so you'll never sit this one out. icy hot pro with 2 max-strength pain relievers. >>> how could the latest numbers influence the fed's plan to rein in inflation reaction and analysis today, 8:30 a.m. eastern. watch "squawk box" any time on demand >>> this coming up, a programming note, law enforcement -- the fight against cyber crimes the company was hacked overnight, over $500 million of binance coins were stolen. the compan

crypto policies will become more friendly. you are an owner or investor just in advisor, is that correct? do you own any ht tokens?es i own a lot of ht tokens for short. tens of millions. some of them i owned for i came -- became the advisor. when huobi first funded in 2013, i started to accumulate ht on my own. right now, i definitely see myself as an of the biggest ht holders. also for huobi definitely for the crypto policy in china, i am optimistic sense china is facing a big change in the next month or two. after the new leadership, we will definitely see a lot of change in the economic policies and even for lots of industry policy. i believe crypto and the blockchain is definitely one on the table. emily: thank you for joining us. coming up, meta doubling down on its vr ambitions with its new headset request pro. what that could mean for adoption across the enterprise with mixed reality pioneer magic leap. the ceo is with me next. this is bloomberg. ♪ emily: meta is doubling down on the metaverse revealing its newest vr headset this week. seeking to transcend the notion that vr is primarily for gamers. joinin