A culprit in the infamous 2020 Twitter hack who phished thousands of dollars in Bitcoin from Twitter users has been sentenced to five years in prison for his crime, as well as for a separate SIM swapping scheme. During the sentencing in the U.S. District Court for the Southern District of New York on Friday,…
A new exchange-traded fund (ETF) backed by Bitcoin (BTC) futures and with 2x leverage is set to go live on Tuesday after the Securities and Exchange Commission (SEC) appears to have given the greenlight. The ETF, sponsored by Volatility Shares Trust, will be listed on the CBOE BZX Exchange under the ticker BITX, according to an SEC filing….
Disgraced crypto boss Sam Bankman-Fried had shot a tutorial video on cryptocurrency for MasterClass, a platform that offers courses taught by celebrity experts. The video, made last summer, was not included with other lessons presented by crypto and blockchain experts that MasterClass announced in December last year following FTX’s collapse in November. Bankman-Fried’s MasterClass was apparently scrapped after it…
Asset management giant BlackRock’s recent application to launch a Bitcoin exchange-traded fund (ETF) has stirred a debate within the crypto community, with mixed reactions and concerns about the involvement of traditional financial giants in the industry. The world’s largest asset manager’s move to enter the crypto space is seen by many as a significant validation for the…
A Brooklyn-based bathhouse and spa has sparked debate after it revealed it was operating a small-scale Bitcoin (BTC) mining operation that heats its swimming pools. In a Wednesday Instagram post, Bathhouse revealed that its pools are heated with byproduct energy from Bitcoin mining. The bathhouse uses the heat generated from Bitcoin mining rigs, hardware systems that execute the Bitcoin network’s…
Now-defunct cryptocurrency exchange FTX has sued a former aide of Hilary Clinton and the former aide’s investment firm, K5 Global, to retrieve $700 million in funds. On Thursday, the company filed a complaint in Wilmington, Delaware, bankruptcy court, asking back the $700 million its founder Sam Bankman-Fried transferred to K5 entities in 2022. The lawsuit names K5 Global, Mount Olympus Capital, and…
The finance expert shared the warning on The Martin Lewis Money Show The button issue arises when travellers take out cash or pay with plastic READ MORE: The world’s 50 best restaurants for 2023: Eatery in Peru is No.1 Money expert Martin Lewis has warned Britons that there’s one button they should never press while holidaying overseas. When travellers…
Venezuela’s ban on cryptocurrency mining has severely damaged the industry that President Nicolás Maduro once supported. Back in March, the state regulators ordered a halt on mining cryptocurrencies after an investigation into a corruption scheme in which crypto wallets redirected payments owed to the state-run oil company Petróleos de Venezuela. So far, around 80 people have been arrested in…
Most investors are enjoying the recent bounce in equity prices, but for some shareholders the bounce has been more of a catapult. Shares of Celsius (NASDAQ: CELH), Nu (NYSE: NU), and Wayfair (NYSE: W) have soared more than 50% just in the second quarter. The three stocks have risen 51%, 62%, and 61%, respectively, since the end of March. The gains are substantial, but…
Warren Buffett says a “too-high purchase price” can undo a decade’s worth of stock market returns. It’s not enough to buy a good company, you need a good entry point too. One way to do this is to look at stocks near their 52-week lows. A company at its cheapest price in a year could end…
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