OpenSea's former head of ventures, Kevin Pawlak, has allegedly been involved in multiple dubious business dealings, pump and dump schemes, and conflicts of interest
Head of Exxon's shale oil business faces sexual assault charge in Texas
South Korea-based cryptocurrency exchange Upbit says over 159,000 hack attempts were made on its network in H1 2023 — up 117% from H1 2022. The firm now upped the proportion of funds it holds in cold wallets to 70% to strengthen security.
With news of massive new investments in Anthropic from Google and Amazon, FTX creditors are celebrating. SBF's prosecutors are not.
Consumer Financial Protection Bureau director Rohit Chopra cited the need to reduce hacks and unauthorized transfers relating to cryptocurrencies and plans to issue guidance on how the Electronic Fund Transfer Act applies to crypto.
The amount of money purportedly held in bankrupt crypto exchange FTX's insurance fund did not reflect reality, according to its co-founder Gary Wang.
Former FTX CTO Gary Wang said that FTX used random numbers to falsify the value of its supposedly $100 million insurance fund.
OpenAI’s CEO, Sam Altman, says Bitcoin helps solve corruption, while popular podcaster Joe Rogan believes Bitcoin could possibly become a “universal viable currency.”
The Lexington Candy Shop in New York City has served burgers, fries and shakes to hungry patrons for decades. In August 2022, this old school business met the new world when Nicolas Heller, a TikToker and Instagrammer with 1.2 million followers known as New York Nico, popped in for a traditional Coke float – Coke syrup, soda water and ice cream. “The next day (after the video was posted), the lines started forming at 8 in the morning,” John Philis, the diner’s third-generation co-owner, recalls with amazement.
House Republicans have been trying to put their stamp on various issues important to business, from energy to ESG investing. All that is now ground to a halt.
Most would not think of 2022 as a particularly good year for those involved in the business of metaverses. It was a period in which Meta’s Reality …
XRP holder's lawyer John Deaton criticizes sympathizers of ex-FTX CEO Sam Bankman-Fried during his trials related to their crypto venture's collapse.
HTX initially threatened to take legal action against the hacker if they didn’t return the funds by Oct. 2, however, the matter has now been resolved.
Sam Bankman-Fried knowingly used FTX clients' funds without permission to invest through his personal hedge fund, the disgraced cryptocurrency titan's former business partner testified in court on Friday. Gary Wang Zixiao, a co-founder of FTX with Bankman-Fried, has already pleaded guilty to multiple counts related to the cryptocurrency trading platform's stunning collapse, and has agreed to cooperate with federal prosecutors. He is the first major witness to appear at his former partner's trial
The IRS may bring criminal charges against ERC companies that allegedly were persuading small business owners to fraudulently claim the credit.
A look at some of the more outlandish schemes attributed to Sam Bankman-Fried in Michael Lewis' book, "Going Infinite."
Elon Musk provided a few details on X’s plans for streaming, but did not say if payments services or crypto would be integrated.
Sam Bankman-Fried has been on trial at a federal court in Manhattan since October 3. Take a look at the highlights of the first week.
Was Sam Bankman-Fried willing to do anything — and lie to anyone — in order to keep Alameda Research afloat?
This week, the U.S. Supreme Court heard a case brought by groups representing payday lenders, who argue that the way the Consumer Financial Protection Bureau is funded is unconstitutional. Most of the justices seem skeptical of the claims, but a decision is not expected until next year. CFPB Director Rohit Chopra says the agency will continue to work while the case is being decided and that the U.S. Solicitor General gave a "stellar argument." One of the big issues for the CFPB at the moment are big tech and payment systems. Chopra says "the U.S. is really lurching towards a market structure that's more like we see in China. One that is fueled by a lot of surveillance and even censorship. One that actually mixes up banking payments with commercial activities." Chopra adds that the U.S. has a history of "trying to separate banks from the real economy, so that they are supporting other businesses, not steering towards those businesses." Chopra points to big tech businesses trying to create their own currencies as a one way the tradition is being upended. Chopra also stressed the need to make sure that these systems are not "trafficking fraud" and how regulators need to take a close look at stablecoins. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Investors include General Catalyst, LocalGlobe, SIG, and Balaji Srinivasan.
The Clorox Company (CLX) recently suffered a cyberattack attributed to the hacker group known as "Scattered Spider", according to a Bloomberg report. The same group was allegedly responsible for recent breaches against Las Vegas casino-hotel operators MGM Resorts International (MGM) and Caesars Entertainment (CZR). Clorox stated that the security incident is expected to result in sales losses exceeding 20%. Forrester Principal Analyst for Security Allie Mellen emphasizes all organizations are potential targets for cyberattacks, with hackers favoring those that impact "business continuity." She advises organizations to implement security measures and policies across all facets of a business, not solely within the security department. "It's not surprising to see that these are the types of targets that they would choose in particular because many of the organizations that they're choosing to target rely on continuous uptime," Mellen tells Yahoo Finance, adding: "and that's especially true for organizations like casinos and consumer goods, so ultimately those are gonna be huge targets because they're the ones who are really going to feel the pain from these types of attacks." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Microsoft is edging closer to finalizing its proposed $68.7B acquisition of Activision Blizzard, with an announcement set for next week.
Top five liquid staking providers, including Lido, Coinbase, Figment, Binance and Kraken, control more than 50% of staking on the Ethereum network, JPMorgan analysts said.
Solana’s v1.16 update introduces “Confidential Transfers,” enhancing user privacy with encrypted SPL token transactions.
Burnt announced its public testnet for Xion, a Layer-1 blockchain that will use the Circle-issued USDC as its main transactional currency.
Binance’s spot market share plummeted from 55% in January 2023 to as low as 34%, according to crypto analytics platform CCData.
Stars arena, a friend.tech-inspired social finance platform built on Avalanche, has patched an exploit that saw hackers escape with $2,000.
