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Monthly Archives: October 2021

A Coinbase user lost $11.6 million in under 10 minutes after falling for a fake-notification scam, the US Attorneys Office said

[Business Insider, Getty Images] Federal investigators filed a warrant for 10.2 bitcoin held in a Huobi Global wallet. The crypto was stolen from a Coinbase account in an $11.6 million heist, the government said.Investigators said an unknown person sent a notification to a Coinbase user after a 200 bitcoin buy. A federal judge this month approved […]

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Bill Ackman calls for the Fed to start raising interest rates ‘as soon as possible’

[CNBC] Billionaire hedge fund manager Bill Ackman called for the Fed to raise interest rates and start cutting its monthly asset purchases immediately.“We are continuing to dance while the music is playing, and it is time to turn down the music and settle down,” he said in a tweet.Ackman’s Pershing Square is underperforming the S&P […]

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Facebook changes company name to Meta

[CNBC, Getty Images] Facebook on Thursday announced that it has changed its company name to Meta.The name change, which was announced at the Facebook Connect augmented and virtual reality conference, reflects the company’s growing ambitions beyond social media.The re-branding also comes after the company has dealt with a barrage of news reports over the past […]

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7 Cryptos to Keep on Your Radar as the Market Hits an Inflection Point

[InvestorPlace, Shutterstock] As prices for everything seem to only go in one direction (northbound), it’s only natural that much of the broader investment community’s attention has focused on cryptocurrencies. With their penchant for delivering double-digit gains — and in many cases losses — over a short time span, speculators new to cryptos have been pulled […]

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America’s economic recovery hits a major roadblock

New York(CNN Business) This summer, the American economic recovery hit a roadblock. The US economy grew at an annualized rate of only 2% in the third quarter, the Bureau of Economic Analysis reported Thursday. The highly infectious Delta variant of the coronavirus, supply chain chaos, worker shortages, sluggish jobs numbers and higher prices weighed on economic activity. It was far lower than the 2.7% economists had predicted and the slowest […]

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2 Top Cryptocurrencies Ready for a Bull Run

[The Motley Fool, Getty Images] Ethereum and Solana look positioned for great success Do you want to invest in a cutting-edge cryptocurrency? Look no further than Ethereum (CRYPTO:ETH) and Solana (CRYPTO:SOL). Both blockchains are building compelling cases as platforms for decentralized application (dApp) development, which could help attract investors to their native tokens and support long-term price appreciation. 1. Ethereum  Launched […]

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Tom Brady trades 1 bitcoin for his 600th touchdown ball

[MarketWatch, Getty Images] Fan who caught the ball after a Tampa Bay receiver tossed it into the seats gets about $100,000 in gifts in exchange for the ball, but a collectibles expert says the football could be worth $500,000 Tampa Bay Buccaneers quarterback Tom Brady is giving a fan one bitcoin BTCUSD in exchange for his 600th […]

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Why You Should Delete Your Facebook App

[Forbes, Getty Images] A stark new warning for almost all iPhone users, as Facebook is suddenly caught “secretly” harvesting sensitive data without anyone realizing. And worse, there’s no way to stop this especially invasive tracking other than by deleting the app. A week ago, I warned iPhone users that Facebook still captures location data using the metadata […]

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Restaurants prep for long-term labor crunch by turning to robots to work the fryer, shuttle food to tables

[CNBC] Restaurants and ghost kitchen companies are testing out different robotic and automated technology solutions to speed up service and solve for ongoing labor challenges.Companies such as Miso Robotics and Richtech are developing automated bots for both restaurant kitchens and dining rooms.Economists say that the labor challenge will be prolonged and that robotics can help […]

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The geography of the Great Resignation: First-time data shows where Americans are quitting the most

[Washington Post, Getty Images] Kentucky, Idaho, South Dakota and Iowa reported the highest increases in the rates of workers who quit their jobs in August, according to a new glimpse of quit rates in the labor market released Friday. The largest increase in the number of quitters happened in Georgia, with 35,000 more people leaving […]

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