Buck Bully
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[Fortune] Governments around the world are issuing blockchain versions of their currency—and not everyone is a fan. In countries around the world, central bank digital currencies (CBDCs) are poised to change the way average citizens use money. In the coming decade, billions of people are likely to use CBDCs—a new […]
[CNBC, Getty Images] KEY POINTS Digital currency markets are on edge after a flurry of aggressive regulatory actions from U.S. authorities over the past few days. On Monday, the New York State Department of Financial Services told Paxos to stop minting new Binance USD — or BUSD — stablecoins. The […]
[Reuters] Jan 4 (Reuters) – U.S. prosecutors are in the process of seizing shares of Robinhood Markets Inc (HOOD.O) tied to Sam Bankman-Fried, who has been charged with fraud in the collapse of the FTX cryptocurrency exchange, a U.S. attorney told a judge on Wednesday. The Department of Justice did not believe the 56 […]
[Bloomberg] The Tesla CEO has seen his wealth tumble in recent weeks after shares of the electric car maker tumbled. Elon Musk was the second person ever to amass a personal fortune of more than $200 billion, breaching that threshold in January 2021, months after Jeff Bezos. The Tesla Inc. chief executive officer has […]
[CNN Travel, Bloomberg, Getty Images] Relief is still a few days away for passengers booked with Southwest Airlines this week, as the beleaguered airline continues to grapple with what US Transportation Secretary Pete Buttigieg has referred to as a complete meltdown of the system. Out of the 2,770 cancellations already […]
[CNBC, Reuters] KEY POINTS The International Monetary Fund now projects that global GDP growth will slow from 6% in 2021 to 3.2% in 2022 and 2.7% in 2023. Speaking to CNBC’s “Squawk Box Europe” on Tuesday, Lacalle said the potential for a full reopening of the Chinese economy was “the […]
[New York Post, AP] Long Island Rep.-elect George Santos came clean to The Post on Monday, admitting that he lied on the campaign trail about his education and work experience — but insisting that the controversy won’t deter him from serving out his two-year term in Congress. “I am not a criminal,” Santos said […]
[CNN] The FBI says America has a “pig butchering” problem. And it’s costing victims millions of dollars. “We’re not talking about what’s going on at farms,” said Frank Fisher, public affairs specialist at the bureau’s Albuquerque division. “We’re talking about a cryptocurrency investment scam that is sweeping the country.” The term pig […]
[Forbes] The embattled cryptocurrency industry and its wealthy pioneers face a moment of reckoning after the collapse of crypto exchange FTX and hedge fund Alameda Research In January 2022, Sam Bankman-Fried was riding high. His Bahamas-based FTX had just raised $400 million from prominent venture capitalists at a $32 billion […]
[CNBC] KEY POINTS CNBC pulled together a history of the implosion of Sam Bankman-Fried’s crypto empire, based upon the charges brought this week by federal prosecutors in the Southern District of New York and in civil suits filed by the Securities and Exchange Commission and Commodity Futures Trading Commission. Bankman-Fried’s […]