The Federal Bureau of Investigation (FBI) has launched a new unit to tackle crypto exploitation. The new team will work with the National Cryptocurrency Enforcement Team of the Department of Justice (DOJ) to combat “the criminal misuse of cryptocurrencies.” FBI Establishes New Crypto Unit; DOJ Appoints First Director for National Cryptocurrency Enforcement Team The Federal
The Puerto Rico Oversight Board is appealing the approved Plan of Adjustment’s treatment of up to $400 million of eminent domain claims. The claims against Puerto Rico will currently be paid in full or, in some cases, at high rates to the claimants and the board would like them to be paid at the rate
Recent research shows that decentralized exchanges that distribute tokens via airdrops see a big boost in user numbers and transactions. But, is building communities this way just crypto’s version of printing money? Airdrops — the disbursal of free tokens to early users as a way of rewarding and building momentum — have been around for
In this article SPCE Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya. Virgin Galactic Virgin Galactic announced Friday that Chairman Chamath Palihapitiya is stepping down from the space tourism company’s board of directors, effective immediately. Palihapitiya’s SPAC, or special purpose
In this article SHAK DKNG ROKU BLMN DE DBX Check out the companies making headlines before the bell: DraftKings (DKNG) – The sports betting company’s stock tumbled 13.2% in the premarket, despite a narrower-than-expected quarterly loss and revenue that beat estimates. DraftKings projects a wider-than-expected adjusted loss for the full year as costs continue to
A new climate change catastrophe report by CoreLogic, a real estate data analytics provider, takes a look at how many homes were affected in 2021 by hurricanes, severe weather, winter storms and wildfires and warns of the high price tag of property damage or loss. A natural hazard can not only devastate a community but
A sold sign is posted in front of a home in Phoenix, Arizona. Justin Sullivan | Getty Images Sales of previously owned homes in January rose 6.7% from December to a seasonally adjusted annualized rate of 6.5 million units, according to the National Association of Realtors. That exceeded Wall Street expectations significantly. Sales were 2.3%
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Municipals were stronger on Thursday with yields falling for the first time since Feb. 3 on triple-A yield curves, but underperforming an improved U.S. Treasury market in a flight-to-safety bid while Refinitiv Lipper reported $1.3 billion of outflows from mutual funds. Triple-A benchmark yields fell one to four basis points, with the larger bumps outside
In the emerging Web3 world, data is the most valuable commodity, and oracle solutions provide a valuable role in facilitating the accurate and secure transmission of data between blockchains and data sources. One project that is taking a different approach to developing oracles is API3 (API3), a project which harnesses application programming interfaces (APIs) to
Federal Reserve Bank of Cleveland President Loretta Mester said she supports raising interest rates next month and tightening policy at a faster pace if needed to curb inflation. “I believe it will be appropriate to move the funds rate up in March and follow with further increases in the coming months,” Mester said Thursday in
As the field of viable layer-one blockchain protocols continues to expand with newer entrants trying to solve the issue of high transaction costs and slow processing times, older projects find themselves utilizing their history and track record to set themselves apart and secure a market share that will ensure their survival through the next market
In this article ABNB RBLX Many companies appear to be ill-equipped to thrive in a post-Covid world, CNBC’s Jim Cramer said Wednesday. “I have not seen a lot of companies who are prepared for post-pandemic. I’ve seen a lot of companies that were kind of banking on a little more pandemic,” Cramer said. The “Mad
In this article WMT AN DASH CSCO NVDA PLTR Check out the companies making headlines before the bell: Walmart (WMT) – Walmart stock rose 2.9% in the premarket after the retail giant reported better-than-expected quarterly results. Walmart earned an adjusted $1.53 per share, 3 cents above estimates, issued an upbeat forecast, and announced a dividend
Renowned architect John F. Kelsey left his mark throughout Southern California. Perhaps most famously, he partnered with USC classmate Thornton Ladd to create what is now known as Pasadena’s Norton Simon Museum. Their shared belief was that space can be art too. Ladd & Kelsey are also credited with USC’s Student Activities Complex, the CalArts
The Trump International Hotel, Washington D.C. Janhvi Bhojwani | CNBC A House committee urged a federal agency Thursday to consider terminating the lease on a Washington, D.C., hotel held by former President Donald Trump and his business. The House Committee on Oversight and Reform cited accounting firm Mazars’ recent announcement that it is dropping the
Institutional investors can and do move the market. Discover how you can use this information to your advantage through the use of the Zacks Rank.
Illinois’ proposed budget puts the state on track for a possible upgrade, Fitch Ratings suggested in a report published Wednesday. Fitch rates Illinois BBB-minus, one notch below S&P Global Ratings and Moody’s Investors Service, which both upgraded the state last year. What Fitch ultimately does hinges on the final budget adopted by lawmakers. The state’s
Bitcoin miners are selling off coins from their stockpiles and shares in their companies after the profitability of mining took a dive since November. With Bitcoin (BTC) currently holding around $43,500, about 33% below the all-time high (ATH) of about $69,000 reached that month, miners are selling at a less-than-opportune time. However, electricity and equipment
Republicans’ procedural blockade of President Biden’s Federal Reserve nominees has left Senate Democrats with few options and could delay for months the revamp of the central bank’s board, according to analysts and political strategists. The 12 GOP members of the Senate Banking Committee decided not to show Tuesday for a scheduled vote by the panel,