Tag: business

Cooper Morgenthau embezzled $5 million from three different companies and lost almost all of it trading cryptocurrencies and “meme stocks.” The former CFO of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million that was used to trade cryptocurrencies and “meme stocks.” An April 27 press release from the…

Zuckerberg expects Reality Labs operating losses to increase year-over-year in 2023. Meta suffered a nearly $4 billion loss from its metaverse unit with Reality Labs in what was otherwise a solid first quarter for the Mark Zuckerberg-led social media empire, which posted a final profit of $5.7 billion. While the $4 billion loss follows a…

The crypto business guidelines were reportedly revealed by the chief executive of Hong Kong’s Securities Futures Commission, Julia Leung. The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month. The plans were reported by Bloomberg on April 27, which cited comments from the SFC’s chief executive Julia Leung on…

Palihapitiya did concede the crypto sector has “pushed more boundaries” than other startup sectors, which may have attracted the SEC’s attention. Regulators in the United States have choked out the cryptocurrency sector to the point of death, according to Bitcoin bull and billionaire tech investor Chamath Palihapitiya. “Crypto is dead in America,” he boldly claimed in an April…

Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York. Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York. According to reports and court filings, crypto exchanges Gemini…

A vulnerability impacted wallet addresses created through the browser extension between Nov. 14 and 23, resulting in nearly $170,000 in losses. Crypto wallet Trust Wallet has disclosed a security vulnerability that resulted in nearly $170,000 in losses for some users. The vulnerability has been patched, according to the company. Trust Wallet found out about the issue through…