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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.
The Biden administration is blaming record high inflation partly on Trump’s China tariffs
Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. U.S. tariffs on Chinese imports survived a change in administration, but the trade-war-era levies may not survive record inflation. “We’re certainly looking at where we see costs being raised and,...
Futures signal more selling on Wall Street as growth fears mount
May 19 (Reuters) - U.S. stock index futures fell on Thursday, signaling more selling on Wall Street as investors kept a close eye on the impact of rising inflation on the U.S. economy and corporate earnings. The S&P 500 index (.SPX) and the Dow Jones Industrial Average (.DJI) on Wednesday...
Cathie Wood says it's 'ridiculous' that Tesla got booted out of the S&P 500's ESG index
Ark Invest boss Cathie Wood, a longtime cheerleader for and investor in Elon Musk's EV maker, tweeted the move is "not worthy of any other response."
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Going beyond its guidance on Russian gas payments is not 'advisable,' EU says
BRUSSELS, May 19 (Reuters) - It is not "advisable" for companies to go beyond the European Commission's guidance on how to keep paying for Russian gas without breaching EU sanctions against Moscow for its invasion of Ukraine, a Commission spokesman said on Thursday. "We have given guidance to the member...
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