Tag: FX

It’s a huge twist.  The crisis of confidence in the cryptocurrency industry deepened on November 9 after Binance announced that it would no longer buy FTX.com, owned by ex-billionaire Sam Bankman-Fried.  The day before, Changpeng Zhao, the CEO and co-founder of Binance, the world’s largest bitcoin buying and selling platform by volume, announced that he…

Sports teams welcomed the multi-million dollar partnerships in 2021 from cryptocurrency companies like FTX, an exchange to trade digital assets. The abrupt downfall and the pending acquisition of FTX, a popular cryptocurrency exchange, by Binance on Nov. 8, leaves the future of those partnerships up in the air. Investors have often been wary of companies purchasing…

It is a movie that has already been seen over and over again.  At some point, it becomes annoying and boring because the scenario is always the same. You only have to change the protagonists and actors and you get the same result.  This movie is one that features the cryptocurrency industry that wants to…

Share to FacebookShare to TwitterShare to LinkedinTopline No one bagged Wednesday night’s billion-dollar Powerball draw, sending the jackpot soaring to a nearly record-breaking $1.5 billion for the next draw, the lottery said, though any lucky winner will face a hefty tax bill and take home much less than the headline prize—here’s how much. Wednesday’s Powerball…

Share to FacebookShare to TwitterShare to LinkedinTopline No one bagged Monday night’s billion-dollar Halloween Powerball draw, sending the jackpot soaring to $1.2 billion for the next draw on Wednesday, the lottery said, though any lucky winner will face a hefty tax bill and take home much less than the headline prize—here’s how much. Wednesday’s Powerball…

Share to FacebookShare to TwitterShare to Linkedin  Illustration by Forbes; Photos by Jeremy Moeller/Getty Images; Jonathan Knowles/Getty Images Adidas has initiated a hiring freeze but suggested it does not plan to conduct layoffs after it cut ties with hip-hop mogul Ye, forfeiting a multibillion-dollar business that had become increasingly problematic in recent weeks. “This is…

Share to FacebookShare to TwitterShare to LinkedinDietrich Mateschitz turned Red Bull into an energy drink associated with adventure and extreme sports, tapping creative marketing along the way. He died at age 78, Getty Images It’s not often that one person kicks off a whole new beverage category. But Dietrich Mateschitz used his marketing smarts to…

Share to FacebookShare to TwitterShare to LinkedinTopline Brett Favre spoke for the first time Tuesday about his alleged involvement in a multi-million dollar Mississippi welfare scam—a scandal for which the Hall of Famer and former Green Bay Packers quarterback does not face any criminal charges—arguing he has “done nothing wrong” and has been “unjustly smeared”…

Share to FacebookShare to TwitterShare to LinkedinTopline Younger rich Americans are far more likely to shun traditional investments in favor of ones they view as more likely to bring higher returns than their older peers, according to a Bank of America survey released Tuesday. The younger elite are piling into crypto. AFP via Getty Images…

Reassuring internally and externally. This is the mission that Ulrich Körner set for himself at a time when Credit Suisse, founded in 1856, is going through one of the most difficult and painful periods in its history.  Körner, who took over as CEO last August, wants to give the impression that all is well, that…