Business

Bogus 'Bitcoin killer' cryptocurrency founder pleads guilty

A co-founder of the fraudulent cryptocurrency OneCoin, a pyramid scheme that conned billions of dollars from investors worldwide, pleaded guilty to wire fraud and money laundering charges, U.S. prosecutors said Friday.

Energy & Green Tech

'War of the states': EV, chip makers lavished with subsidies

States are doling out more cash than ever to lure multibillion-dollar microchip, electric vehicle and battery factories, inspiring ever-more competition as they dig deeper into their pockets to attract big employers and capitalize ...

Business

Is 2023 where crypto will go to die?

After a nearly apocalyptic 2022 that saw the collapse of one of crypto's largest players, questions about the future of the nascent industry have been swirling at tornadic speeds.

Spirit Airlines warns of layoffs, ExpressJet's fate in doubt

Spirit Airlines has warned up to 30% of its employees that they will lose their jobs in October, and regional carrier ExpressJet's future is in doubt after losing a key contract as the virus pandemic continues to hammer the ...

Business

FTX founder Sam Bankman-Fried jailed after bail revoked

A US federal judge on Friday ordered FTX founder Sam Bankman-Fried back to prison less than two months before his trial on fraud charges, revoking the disgraced cryptocurrency tycoon's bail over alleged attempts to tamper ...

Business

Crypto, NFTs are rife with 'mountains' of fraud, IRS says

IRS criminal investigators see cryptocurrencies and nonfungible tokens as ripe for fraud, including money laundering, market manipulation and tax evasion—and even celebrities could get caught up in the agency's probes.

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