Crypto
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From McDonald’s to Morgan Stanley, UBS says these stocks are favorably positioned for AI.
With lawmakers bringing a debt-ceiling deal back from the brink over the holiday weekend, Wall Street looks ready to show its appreciation with a fresh 10-month high possible for the S&P 500 SPX on Tuesday. Once we get through that, though, expect the focus to pivot quickly to fresh jobs numbers on Friday. Those gains…
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Generation Z’s favorite investment may be a cause for concern. Here’s why.
[]Generation Z is getting smarter about their money, with some starting to invest even before they turn 18, according to a new report. []The survey by FINRA Investor Education Foundation and the CFA Institute, which defines Generation Z as those aged between 18 to 25, concluded that 6 in 10 owned at least some investments.…
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$400 million in crypto was stolen in the year’s first quarter, a 70% decline from the same period in 2022, analysis shows
Less crypto is being stolen this year, thanks to industrywide implementation of anti-money-laundering standards, and increased efforts by law enforcement and regulators to go after bad actors, according to new research by TRM Labs, a blockchain intelligence company, published Tuesday. Around $400 million in cryptocurrencies was stolen across nearly 40 attacks in the first three…
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Tech-stock picks that are small and focused: This fund invests in unsung innovators. Here are 2 top choices.
When investors think of technology stocks, they might automatically gravitate toward “the next big thing,” or to the giant companies that dominate the S&P 500 SPX, -0.14%. But Robert Stimson, chief investment officer of Oak Associates Funds, makes a case for diversification through exposure to smaller innovators which he believes are “overlooked in this environment.”…
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‘Fraud is fun’: Teen hacker charged with breaking into DraftKings accounts leading to theft of $600,000
A boastful teenage hacker has been charged with orchestrating a break-in to the sports betting website DraftKings, which led to $600,000 being drained from hundreds of customer accounts. Joseph Garrison, 18, of Madison, Wis., is accused of using stolen log-in and password combinations he bought on the dark web to hack his way into 60,000…
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Ex-CEO of Silicon Valley Bank says no bank could have survived a run ‘of that velocity and magnitude’
The former chief executive of Silicon Valley Bank plans to tell lawmakers Tuesday he did the best he could under the circumstances, and will apologize for the bank’s collapse. “The leadership team and I made the best decisions we could with the facts, forecasts, and outside expert advice available to us at the time,” Greg…
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Pepe coin had a meteoric rise, but has lost 70% of its value in a week. What’s behind the latest meme crypto’s swings?
Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Crypto investors have recently witnessed the meteoric rise of another meme coin. Three weeks after it was launched, Pepe coin, a token in reference to the internet meme Pepe the Frog, saw its market capitalization rise to as high as $1.6 billion…
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Recession fears fuel investors’ search for havens. Is bitcoin a good choice?
Investors are increasingly worried that a recession may begin in the U.S. later this year, as the Federal Reserve on Wednesday raised its key interest rate for the 10th time in a row, while growing evidence points to a slowing U.S. economy. In search of a “safe haven”, some investors have turned to bitcoin BTCUSD,…
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Binance twice pauses bitcoin withdrawals due to ‘large volume’
Crypto exchange Binance paused bitcoin withdrawals twice Sunday, saying the blockchain was congested by too many pending transactions. “We’ve temporarily closed #BTC withdrawals due to the large volume of pending transactions,” Binance said Sunday night on Twitter. “Our team is currently working on a fix and will reopen $BTC withdrawals as soon as possible. Rest…
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LeBron James pictured wearing $791 Nike sneakers that are only available via an NFT. Here’s how that works.
In a new set of photos of basketball star LeBron James in Los Angeles, he’s seen wearing red and black Nike sneakers. While it may appear like a regular pair of shoes, the process of obtaining them isn’t as straightforward as buying them with cash or a credit card at a store. The special-edition sneakers…