The collapse of cryptocurrency exchange FTX is unprecedented, and in some ways, unbelievable. As the firm seeks bankruptcy protection, at least $1 billion in customer funds is missing, according to a Reuters report. A bankruptcy court filing revealed debtors have been in contact with the U.S. attorney’s office, the Securities and Exchange Commission, the Commodity Futures…

Embattled cryptocurrency exchange FTX filed for bankruptcy protection Friday after a week of catastrophic hits to the platform. The company also announced that Founder and Chief Executive Officer Sam Bankman-Fried, known as SBF, is stepping down. The collapse of FTX this week has rippled through the entire cryptocurrency realm, tanking coin values. Bitcoin’s value dropped…

Federal prosecutors seized a sizeable fortune in stolen bitcoin last year. The pilfered cryptocurrency wasn’t kept in a safe or a lockbox at the bank. It was found in an old popcorn tin. For the last 10 years, the federal government has been looking for billions of dollars’ worth of bitcoin stolen from Silk Road.…

The Federal Reserve issued its fourth consecutive interest rate hike, raising the benchmark rate by 0.75%. Rising prices and fears of a recession have made the economy the most important issue for many Americans as they prepare to vote in the 2022 midterm elections. Just about everyone is feeling the impact of the current economic…

For thousands of years, humans have used physical money to pay for goods and services. But in a time where people can answer an international call from a watch, do they really need that wad of cash? Or is it time for a digital dollar? In the U.S. and around the world, there’s growing movement…

The Kardashian-Jenner family is the biggest influencer collective in the world. Kris, Kim, Kylie, Kourtney, Khloe and Kendall have more than 1.2 billion followers combined. A profile that large allows the clan to make highly lucrative deals to promote pretty much anything, and we have the promos that landed them in legal hot water in this…

Concerns about the state of the economy come with worries about job security. In fact, half of companies are expecting to cut staff according to a PwC survey of more than 700 executives. The same survey found many executives are also planning hiring freezes and even rescinding job offers. But many companies have already trimmed…

Several major crypto mining companies in Texas are powering down their facilities to provide energy companies relief. Triple-digit temperatures this summer have pushed the state’s energy grids to the brink. ERCOT, the agency that manages electricity distribution for the majority of the state, is asking customers to conserve energy in any way they can.  While…

Bitcoin and other cryptocurrencies tumbled Thursday amid a massive sell-off in the space, triggered by a risk-off and collapse of stablecoins. Based on estimates from CoinMarketCap, about $200 billion in wealth was wiped from the cryptosphere in 24 hours. Bitcoin dipped below $26,000 Thursday morning before recovering some, down about 11% over the 24-hour period.…

When it comes to the stock market, there have been a lot of “worsts” in 2022, from the worst January since 2009 to the worst quarterly decline in two years. Now, with interest rates skyrocketing, inflation at a 40-year high and experts predicting increasing likelihood of recession in the next two years, investors are looking…