CFTC Commissioner Believes Much of DeFi is Illegal
Commodity Futures Trading Commissioner Dan Berkovitz took a look at decentralized finance and found that it was “probably illegal”, as noted in his public statement. Berkovitz said he searched DeFi...
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First Solar to Capitalize on Growing Demand for Alternative Energy to Build a $680 M Solar Facility
Plans are underway for a $680 million First Solar’s third facility in Ohio, according to the company's press release. The solar-panel maker will begin construction once required permits and local...
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Coinbase Denies Involvement in Recovery of Colonial Pipeline Crypto Ransom
Cryptocurrency exchange platform Coinbase Global Inc. has denied any involvement in the recovery of the $2.3 million crypto ransom paid to hackers, an official said in a post. Chief Security...
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Surging Producer Prices in China Cuts into Business Profits
In May, China’s Producer Price Index increased by 9%, raising the cost of production while hurting business profits, according to data released by the National Bureau of Statistics of China....
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How America’s Rich Sidestep Income Taxes
Multibillionaires Jeff Bezos, Carl Icahn , Elon Musk, Michael Bloomberg, George Soros had at least a year in history, when their federal income tax payment was equal to zero. Information...
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Justice Departments Leads Agencies in Recovering $2.3M Paid to Colonial Hackers
U.S Justice Department and other federal agencies on Monday recovered 64 bitcoin valued at about $2.3 million paid to ransom attackers, according to Yahoo! Finance. The seized bitcoin was paid...
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Major Websites Resume after 1 hour Outage of Fastly CDN System
Most Major websites, including government and news websites resumed normal operations after disruption of services for almost an hour as Fastly’s CDN system experienced an outage, according to a report...
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Apple’s New Privacy Feature a Boost to its Business
Apple’s new privacy infrastructure is now part of its products giving it a competitive advantage over other industry players, according to CNBC. Privacy features in the upcoming operating systems iOS...
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FDA Approves Biogen’s Alzheimer’s Drug in a Disease Breakthrough
The approval of the controversial Alzheimer’s drug of Biogen Inc by the FDA is an unprecedented decision that will improve treatment for the brain deteriorating condition, according to a report...
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Tesla Cancels Flagship Model S Plaid Plus Amid Industry Chip Shortages
Elon Musk has revealed that Tesla will not continue with its flagship sedan, the Model S Plaid Plus, CNBC reports. Musk had promised that its Plaid Plus model, which is...
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Global Investment Firm Bets on Bitcoin Over Gold
Global investment firm SkyBridge Capital is betting on Bitcoin and the crypto space as it offers more returns than gold, Bloomberg reported. SkyBridge Capital Co-Chief Investment Officer and Senior Portfolio...
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Stocks Decline as Latest Jobs Data Could Force Fed to Move Rates
American stocks declined on Thursday as the latest jobs data could possibly pressure the Federal Reserve to adjust rates. The S&P 500, the Nasdaq 100, the Dow Jones Industrial Average,...
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