United States
How the U.S. Space Force plans to police outer space
Outer space is getting crowded, with both commercial endeavors and secretive military projects. And it’s going to be up to the newest United States military branch, the Space Force, to protect American interests there. Space launches in the U.S. have been on the rise, and participation by private companies has increased over the last decade. […]
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After the crypto crash, here’s what industry experts are waiting for next
A visual representation of Bitcoin cryptocurrency. Edward Smith | Getty Images Cryptocurrency companies dominated the main street at the World Economic Forum in Davos this year, a notable difference between this edition and the last one in 2020. The high-profile presence from the industry came even as the cryptocurrency market crashed. It was sparked by […]
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The energy in nuclear waste could power the U.S. for 100 years, but the technology was never commercialized
EBR-II at the US Department of Energy’s Idaho National Laboratory. Photo courtesy Idaho National Laboratory There is enough energy in the nuclear waste in the United States to power the entire country for 100 years, and doing so could help solve the thorny and politically fraught problem of managing spent nuclear waste. That’s according to […]
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Do Kwon is unlikely to face prison time for $60 billion UST crypto wipeout — fines and lawsuits are more likely
Do Kwon, co-founder and chief executive officer of Terraform Labs, leaves the company’s office in Seoul, South Korea, on Thursday, April 14, 2022. Woohae Cho | Bloomberg | Getty Images Do Kwon, the 30-year-old South Korean founder of a $60 billion stablecoin project that imploded last month, has a knack for convincing people to buy […]
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TerraUSD collapse will ‘probably be the end’ of most algorithmic stablecoins, crypto exec says
Luna, the sister cryptocurrency of controversial stablecoin TerraUSD, dropped to $0. The collapse of the algorithmic stablecoin TerraUSD has raised question about the future survival of similar crypto assets. Dan Kitwood | Getty Images News | Getty Images Algorithmic stablecoins like terraUSD, which collapsed and sent shockwaves through the cryptocurrency market, are unlikely to survive, […]
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Former OpenSea employee charged in first-ever NFT insider trading case
U.S. prosecutors are now going after insider trading in the crypto industry. On Wednesday, prosecutors in New York’s Southern District charged and arrested Nathaniel Chastain, a former product manager at the online marketplace OpenSea. The 31-year-old faces one count of wire fraud and one count of money laundering, in connection with a scheme to commit […]
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Here’s what’s in Biden’s $700 million military aid package for Ukraine
Ukrainian service members unpack Javelin anti-tank missiles, delivered by plane as part of the U.S. military support package for Ukraine, at the Boryspil International Airport outside Kyiv, Ukraine February 10, 2022. Valentyn Ogirenko | Reuters The U.S. is sending Ukraine advanced rocket-launcher systems and 1,000 Javelin missiles as part of the Biden administration’s latest effort […]
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Worried about the great sell-off? It’s time to mix it up, the pros say — here’s how
After the brutal sell-off in stocks, a multi-asset approach is back in the spotlight. CNBC Pro asks the experts how to invest to ride out the volatility — and make money in the process. The S & P 500 rallied last Friday to snap a seven-week losing streak, but it did little to mask the massive sell-off […]
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Top crypto firms go on the hunt for acquisition targets as market crashes
Two top cryptocurrency companies, Ripple and FTX, told CNBC that they’re on the lookout for acquisitions as the industry hopes to drive growth through buying other firms. It is a sign that some crypto firms feel that they’re large enough and well capitalized to splash the cash on acquisitions. Brett Harrison, president of cryptocurrency exchange […]
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Op-ed: After Davos, going ‘long’ on optimism in an anxious world
DAVOS, SWITZERLAND – A hedge fund investor told me she attends the World Economic Forum each year “so that I’ll know what to short.” In a world awash with geopolitical and economic pessimism, the dominant mood at this year’s Davos, her argument is that it might be time to go “long” on optimism. One can […]
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