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$3,000,000,000 Worth of Bitcoin (BTC) Forfeited to US Government By Former Silk Road Founder
Silk Road founder Ross Ulbricht is forfeiting billions of dollars worth of Bitcoin (BTC) and other crypto assets to the US government. According to a new court filing, Ulbricht will relinquish any claim to over 69,000 BTC and undisclosed amounts of Bitcoin Gold (BTG), Bitcoin SV (BSV) and Bitcoin Cash (BCH) worth a combined $3 billion as part of a settlement.
Indonesia, the world's top cooking-oil exporter, says it's going to ban exports of the oil this week, and it's sent the global prices of edible oils soaring
Indonesia accounts for about half of the world's supply of palm oil — the world's most widely used vegetable oil.
Elon Musk trumpets Tesla's foray into car insurance — after Warren Buffett warned any automaker would struggle in that business
Tesla has started underwriting auto insurance. Buffett previously said he would bet against any car company becoming a big winner in the space.
Rouble firms, heading back towards multi-year highs vs dollar, euro
May 23 (Reuters) - The Russian rouble strengthened on Monday, heading back towards multi-year highs hit against the dollar and euro last week, supported by capital controls and an upcoming month-end tax period. At 0754 GMT, the rouble was 2.5% stronger against the dollar at 58.74 , not far from...
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Moody's says increase in India's export duties on iron ore, pellets to raise costs for steel mills
NEW DELHI, May 23 (Reuters) - India's imposition of higher export tax on iron ore and various intermediate products such as pellets will raise costs for steel mills, Kaustubh Chaubal, vice-president, corporate finance group, Moody's Investors Service, said on Monday. However, strong domestic steel demand provides arbitrage opportunity for a...
Apple Opens Wuhan Store, Says This Feature Makes It Unique Among All China Outlets
IPhone maker Apple Inc AAPL has opened a new store in Wuhan, China — its first in the Hubei Province. What happened: The Cupertino-based tech giant said its Wuhan store, which opened on Saturday, brings in a never-seen-before feature in its China stores: an exclusive pickup area for products ordered online.
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