Sam Bankman-Fried: Founder of Crypto platform FTX on trial accused of ‘massive fraud’
By Jack Mendel A US prosecutor has told jurors that FTX founder Sam Bankman-Fried was on top of the world a year ago before his historic fraud was exposed, leaving customers and investors without at least 10 billion dollars (£8.23bn)…
It’s Not Personal: Why Clarence Thomas’ Trip to the Koch Summit Undermines His Ethics Defense
by Justin Elliott, Joshua Kaplan and Alex Mierjeski ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. For months, Supreme Court Justice Clarence Thomas and his allies…
What today’s labor leaders can learn from the explosive rise and quick fall of the typesetters union
Formerly cutting-edge technology. iStock/Getty Images Plus Can a seemingly robust labor union simply collapse? The news is full of stories about growing union power – but just because a union is strong now doesn’t mean it’ll stay that way. Important…
Lego’s ESG dilemma: Why an abandoned plan to use recycled plastic bottles is a wake-up call for supply chain sustainability
Legos are designed to last for decades. That posed a challenge when the toymaker tried to switch to recycled plastics. AP Photo/Shizuo Kambayashi Lego, the world’s largest toy manufacturer, has built a reputation not only for the durability of its…
Jim Cramer Sees “Uniform Negativity†on Wall Street: Is a Bounce Coming?
For better or for worse, Mad Money host Jim Cramer is the face of the financial markets for many retail traders and investors. With his penchant for bright lights and shouting, Cramer’s doesn’t appeal to everyone, but there’s no denying…
Chase Bank customers can now pay mortgages using crypto through FCF Pay
Chase Bank customers can make cryptocurrency payments for credit card bills, loans, and mortgages. Accepted cryptocurrencies include Bitcoin, Ethereum, Shiba Inu, XRP, Dogecoin, Binance Coin, Tether, and USD Coin. Despite this collaboration, Chase Bank maintains its stance of settling payments…
Bitcoin To $20K, Ethereum To $1K? Prominent Venture Capitalist Predicts Market Bottom
Prominent crypto venture capitalist Chris Burniske shared his insights on Wednesday about the current state of the cryptocurrency market, suggesting a phase of selling exhaustion might be approaching. In a series of tweets, Burniske, the founder of Placeholder Capital expressed…
Sam Bankman-Fried’s High-Profile Crypto Trial Begins: Meet The 12 People Deciding His Fate
The trial of Sam Bankman-Fried, founder of defunct cryptocurrency exchange FTX is underway, and a jury of 12 will be deciding his fate. Wednesday’s court proceedings primarily revolved around opening statements, and the first two witnesses’ testimonies, according to TechCrunch….
Basel Committee’s Crypto Crackdown: Banks Should Disclose Digital Asset Holdings
The Basel Committee on Banking Supervision, in an effort to increase transparency and oversight in the banking sector, wants banks to disclose their crypto asset holdings. What Happened: The committee made the decision during the recent meeting, which took place…
Former BlackRock Insider Foresees Bitcoin ETF Green Light By SEC Within Months
Steven Schoenfield, former managing director at BlackRock (NYSE: BLK) and current CEO of MarketVector Indexes, anticipates the Securities and Exchange Commission (SEC) will greenlight a Bitcoin (CRYPTO: BTC) spot ETF within “three to six months.” This prediction was shared during…