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News & Articles By Belle Carter
12/19/2022
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By Belle Carter
Sam Bankman-Fried’s ex-girlfriend may have fed the government information that led to his arrest
The former CEO of Alameda Research trade company Caroline Ellison, who also happened to be Sam Bankman-Fried’s (SBF) ex-girlfriend, was spotted in a Lower Manhattan coffee shop earlier in the month. This sparked speculations that she was in New York to meet with law enforcement officials. Legal experts even claimed that she likely flipped on […]
12/19/2022
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By Belle Carter
Used car prices drop 14.2% due to influx of new cars, higher borrowing costs
User car prices this year are down 14.2 percent compared to 2021, according to the Used Vehicle Value Index by the car auction company Manheim. This is the largest used car price dive ever based on the firm’s data. According to auto service organization Cox Automotive, the continued hike in borrowing rates and the influx […]
12/16/2022
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By Belle Carter
SEC reveals Sam Bankman-Fried squandered FTX missing funds on political donations and himself
Federal documents have exposed that Sam Bankman-Fried (SBF), founder of the collapsed cryptocurrency exchange FTX, has taken billions of dollars out of the “Ponzi scheme” company to spend on his personal needs and countless political donations. The controversial mogul, who was arrested in the Bahamas on December 12 and is now facing charges following his company’s […]
12/14/2022
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By Belle Carter
EU mandates crypto firms report users’ holdings to tax authorities, evoking surveillance concerns
The European Union (EU) announced on December 8 that it will mandate cryptocurrency firms to register their European users’ holdings to tax authorities. It could have wide-reaching implications, including forcing non-EU based companies to have to register with tax entities within the bloc. The new law, which is inspired by international standards designed to curb crypto […]
12/14/2022
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By Belle Carter
Chinese police bust gang that laundered $1.7B in cryptocurrency using Tether stablecoins
Chinese law enforcement recently arrested 63 people who allegedly used cryptocurrency to launder a total of 12 billion Chinese yuan or $1.7 billion. The suspects, allegedly part of a criminal gang, were arrested as part of Beijing’s crackdown on digital currency trading. Officers from the public security bureau (PSB) of Tongliao City in China’s Inner […]
12/07/2022
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By Belle Carter
Amazon to fire 20,000 employees – the largest staff reduction in company’s history
People with knowledge of the matter have confirmed that multinational e-commerce and tech giant Amazon will be laying off 20,000 of its employees, including top managers, data scientists, software engineers and other corporate workers. This represents the largest staff reduction in the company’s history. The latest update from sources, who requested anonymity because they were […]
12/06/2022
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By Belle Carter
Corporate America fires 13% of workforce, creates fewer jobs amid recession fears
Giant companies in the U.S. resorted to mass layoffs in preparation for an eventual economic recession. Moreover, they were also slow to hire and create jobs over the past few months. In October alone, 13 percent of employees were laid off – the highest jump since February 2021. Job creation and hiring also slowed down […]
12/05/2022
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By Belle Carter
Study: Soaring fuel prices could kill more Europeans this winter than the war in Ukraine
A recent study conducted by British news portal the Economist concluded that the soaring fuel prices in Europe could kill more people during winter than the ongoing conflict between Russia and Ukraine. The high prices and dwindling fuel supply can be attributed to the economic sanctions placed by the West on Russia due to its invasion of […]
11/30/2022
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By Belle Carter
Companies no longer require college degree for some higher-paying jobs, preferring more extensive work experience instead
Some major players in the industry are taking out the college degree requirement for many high-paying jobs amid the tightening of the labor market. The Wall Street Journal reported that Alphabet Inc.’s Google, Delta Air Lines Inc. and International Business Machines (IBM) Corp. have lowered the educational attainment required for some positions. The big companies leaned toward hiring […]
11/29/2022
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By Belle Carter
Russia to establish a national cryptocurrency exchange
Russian legislators have been collaborating on creating a national cryptocurrency exchange, a move that was reportedly supported by the Ministry of Finance and the Central Bank of Russia. These government entities have a long history of conflict over crypto legislation in the nation, but have now come together to support the initiative. According to local […]
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