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The secret life of Jimmy Zhong, who stole – and lost – more than $3 billion
Athens, Georgia, is home to the University of Georgia, and the police there are used to college town-type crimes: break-ins, bar fights and assorted rowdiness. That kind of thing. But the 911 call that came in on the night of March 13, 2019, was unlike anything the Athens-Clarke County Police Department had ever encountered. On […]
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The $8 billion Sam Bankman-Fried criminal trial starts today — here’s what’s at stake and how we got here
A year ago, Sam Bankman-Fried was revered as a titan of the industry and living large at a $40 million penthouse in the Bahamas, while he ran a crypto empire valued at $32 billion. On Tuesday morning in a Manhattan federal court in New York, the now disgraced founder and ex-CEO of the bankrupt crypto […]
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1st bitcoin ETF could be coming quickly as court guidelines in favor of Grayscale about SEC
Grayscale Investments at the NYSE, April 18, 2022. Supply: NYSE The District of Columbia Court of Appeals has paved the way for bitcoin exchange-traded resources. On Tuesday, the courtroom sided with Grayscale in a lawsuit versus the Securities and Trade Commission which had denied the firm’s software to transform the Grayscale Bitcoin Trust to an […]
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CNBC Day-to-day Open up: A ‘perfect storm’ battered U.S. stocks
Traders operate on the ground of the New York Stock Trade on August 16, 2023 in New York City. Michael M. Santiago | Getty Visuals This report is from present day CNBC Day-to-day Open up, our new, international marketplaces newsletter. CNBC Day by day Open delivers investors up to pace on anything they need to […]
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CNBC Day-to-day Open up: Skimming off the froth
Traders work the ground of the New York Inventory Trade in New York Town on May possibly 31, 2023. Spencer Platt | Getty Photos This report is from today’s CNBC Day-to-day Open, our new, international markets e-newsletter. CNBC Each day Open up brings investors up to pace on every thing they have to have to […]
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Crypto tokens plunged this week immediately after Gensler stepped up SEC’s industrywide crackdown
Gary Gensler, Chair of the U.S. Securities and Trade Commission, can take his seat right before the start of the Senate Banking, Housing, and City Affairs Committee listening to on Oversight of the U.S. Securities and Exchange Fee on Tuesday, Sept. 14, 2021. Bill Clark | CQ-Roll Get in touch with, Inc. | Getty Visuals […]
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CNBC Everyday Open: Apple failed to impress
Apple CEO Tim Cook dinner upcoming to Apple’s new Eyesight Professional virtual reality headset, at the Apple Park campus in Cupertino, California, on June 5, 2023. Josh Edelson | Afp | Getty Pictures This report is from today’s CNBC Each day Open up, our new, international marketplaces e-newsletter. CNBC Day by day Open up provides […]
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Apple and fintechs like Robinhood chase generate-hungry depositors as Fed fee hikes keep on
Critical Points With interest premiums soaring and regional financial institutions struggling, a amount of new entrants have entered the market place for significant-yield price savings accounts. Apple jumped into the sector last month, with a cost savings account that yields much more than 4%, though fintechs like Robinhood and Enhance offer you solutions with even […]
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Crypto 101: Consider you know crypto? Take a look at your awareness with this quiz
Bitcoin formally released in 2009, and now, 14 several years afterwards, in excess of 15,000 electronic coins make up the cryptocurrency market, according to crypto.com. But it hasn’t precisely been a sleek journey for crypto investors. Whilst the industry was after valued at all over $3 trillion, the crypto industry lost a minimal about $2 […]
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Bitcoin at $100,000? Insiders say the cryptocurrency could check new highs this calendar year
Cryptocurrency marketplace insiders forecast bitcoin could hit a new all-time significant in 2023 and maybe attain $100,000. It comes right after a pointed out trader bet that the electronic currency could go to $1 million in 90 times. Chris Ratcliffe | Bloomberg | Getty Visuals Bitcoin has rallied almost 70% so far this calendar year […]
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