Following months of rumors and tension between two rivals, the world’s No. 1 crypto exchange, Binance, is buying Sam Bankman-Fried’s non-U.S. unit, FTX.com, in a consolidation that could create a colossus in the crypto...
Tensions have been rising for months between the founders of rival Cryptocurrency exchanges FTX and Binance. On Monday, the fight spilled over into the markets, sending the price of Bitcoin, Ethereum, and native FTX token FTT lower. On...
The Department of Justice reported on Nov. 7 that it found and seized stolen Bitcoin in 2021 — worth about $3.36 billion at the time — from a computer hidden under blankets in a popcorn tin in the bathroom closet of a man...
Bitcoin is experiencing an uncharacteristic period of price stability, and its movements relative to other assets may indicate that investors are starting to see the No. 1 crypto as a safe haven again after it was being traded basically...
Sam Bankman-Fried and FTX US — the U.S. affiliate of the FTX crypto exchange — are under investigation by the Texas securities regulator in an expanding probe by enforcement agencies into the billionaire founder and CEO’s...
Depending on who’s talking, Bitcoin and crypto prices could swing sharply by midweek — in either direction — or they could be stuck in the bear market another two-to-three months max, or longer. Justin Bennett,...
Reality TV star Kim Kardashian has paid $1.26 million to settle with the U.S. Securities and Exchange Commission on charges that she illegally promoted EthereumMax digital tokens in 2021 to her 405 million social media followers —...
While investors scramble to recover funds lost in the 2022 crypto market crash, the Internal Revenue Service is boosting efforts to raise more revenue from crypto owners and targeting U.S. taxpayers who failed to report and pay taxes...
A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration...
Sam Bankman-Fried, the former CEO of crypto giant FTX and trading firm Alameda Research, told ABC News he was ultimately responsible for the downfall of both companies.NASSAU, THE BAHAMAS -- Sam Bankman-Fried, the embattled former...
A rail strike would snarl various supply chains ahead of the busy holiday season.Hundreds of thousands of rail workers stand on the brink of a strike that would snarl the nation's supply chain, driving up prices for households...
What many Americans hoped would be the first normal holiday season in three years has instead been thrown into crisis by inflation, with Christmas on the horizonWASHINGTON -- Staffers at Bread for the City, a venerable charity in the...
Fed Chair Jerome Powell says the Federal Reserve will push rates higher than previously expected and keep them there longer to fight a stubborn bout of inflationWASHINGTON -- The Federal Reserve will push rates higher than previously...
A potential strike could begin ahead of the busy holiday season.A looming railroad strike could paralyze the nation's supply chain and passenger rail service ahead of the holidays."Let me be clear: a rail shutdown would devastate...
Delivery company DoorDash is eliminating more than 1,200 corporate jobs, saying it hired too many people when demand for its services increased during the COVID-19 pandemicDoorDash is eliminating more than 1,200 corporate jobs, saying...
Congress is moving swiftly to prevent a looming U.S. rail workers strikeWASHINGTON -- Congress is moving swiftly to prevent a looming U.S. rail workers strike, reluctantly intervening in a labor dispute to stop what would surely be...
U.S. markets were flat to modestly higher ahead of a closely watched speech by the Federal Reserve chief that may give clues about future interest rate hikesTOKYO -- U.S. markets are flat ahead of a highly anticipated speech by the...
A Walmart employee who survived the mass shooting at a store in Virginia has filed a $50 million lawsuit against the companyNORFOLK, Va. -- A Walmart employee who survived last week's mass shooting at a store in Virginia has filed...
President Joe Biden is asking Congress to intervene to avert a potentially crippling freight rail strike before Christmas, even if it means handing a defeat to Democratic allies in the labor movementWASHINGTON -- President Joe Biden...
The Minnesota Supreme Court hears oral arguments Wednesday on an attempt by environmental groups to cancel a key permit for the long-stalled PolyMet copper-nickel mineMINNEAPOLIS -- The Minnesota Supreme Court will hear arguments Wednesday...
President Joe Biden’s call for Congress to intervene in the railroad contract dispute undercuts efforts to address workers’ quality of life concerns and unions decried the moveOMAHA, Neb. -- Railroad unions on Tuesday decried President...
