Sam Bankman-Fried will start 2023 as he ended 2022: in court. The fallen former king of crypto is at the heart of one of the biggest scandals the young blockchain-powered financial services industry has ever seen. The regulators filed a series of criminal and civil charges against Bankman-Fried, whom they accuse of alleged fraud, on…
The Inflation Reduction Act of 2022 was signed into law by President Joe Biden on Aug. 16, 2022. The previous year it had already passed the House of Representatives. After getting through the House, the bill would need to pass the Senate to get to Biden’s desk for the signature that would make it a…
The Solana cryptocurrency nightmare seems endless. The token, known as SOL, is one of the few cryptocurrencies directly linked to Sam Bankman-Fried, the disgraced king of the crypto sphere who filed for Chapter 11 bankruptcy of his crypto empire on November 11. FTX, the exchange cryptocurrencies he co-founded in May 2019, was unable to meet withdrawal…
It’s a big surprise. MicroStrategy, the company of Michael Saylor, one of the most fervent evangelists of Bitcoin, has sold the king of cryptocurrencies. The move was made recently, according to a regulatory filing. The firm said it bought approximately 2,395 bitcoins for approximately $42.8 million in cash, at an average price of approximately $17,871 per…
Amazon executives are left pondering a serious question now that they broadcast the NFL’s Thursday Night Football package. Amazon has its slice of the NFL pie, but is that slice big enough for the company to launch a standalone sports broadcasting network? Last week, a snoozer between the Jacksonville Jaguars and the New York Jets…
Amazon (AMZN) – Get Free Report Prime Video began its foray into sports programming in 2017, acquiring rights to stream some NFL Thursday Night Football games. It began streaming Premier League soccer matches in 2018 in the U.K. Prime Video, in 2021, announced it would exclusively broadcast Thursday Night Football in a deal that will last…
U.S. stocks traded mixed Tuesday, while Treasury bond yields edged north and the dollar retreated against its global peers, as investors reacted to news of a broader re-opening of the Chinese economy following nearly three years of Covid lockdowns. Chinas National Health Commission said Monday that foreign visitors will only require a negative Covid test,…
Tesla (TSLA) – Get Free Report stock can’t find the brakes. The stock opened 4.6% lower on Tuesday, the first session of the holiday-shortened trading week and the last trading week of 2022. The electric-vehicle leader’s shares at last check were off 8%. Should Tesla stock close lower on the day, it will mark its seventh…
Three months after taking control of Twitter, Elon Musk is adopting a less pessimistic tone about the future of the social network, which he defines as the town square of our time. A few weeks ago, the billionaire was worried about the financial health of the platform, which saw an exodus of advertisers, while advertising…
Elon Musk became the most influential CEO in the world this year. Some people will even go so far as to say that he is the most powerful boss in the world. He is involved in companies that are at the heart of technological innovations such as Tesla (TSLA) – Get Free Report and SpaceX. And…
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