David Kagel, a disbarred California attorney, pleaded guilty to orchestrating a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, 85, promised high returns through artificial intelligence trading bots and falsely claimed to hold $11 million in bitcoin to secure investments. He used his attorney position to instill trust, providing fake letters on…
Short-term implied volatility in the rupee has spiraled to the highest in nine months, suggesting mounting nervousness as India’s weeks-long election enters its final stretch. from Bloomberg Markets https://ift.tt/aoprhYm
The U.S. District Court for the District of Utah has dismissed the Securities and Exchange Commission’s (SEC) case against Digital Licensing, operating under the name Debt Box. The judge has also ordered the SEC to pay approximately $1.8 million in attorney and receivership fees. SEC Ordered to Pay $1.8 Million in Fees In a post…
Technological devices and the human body are no strangers. From glasses to hearing aids to pacemakers, we’ve been wearing, ingesting and implanting technology for decades. But soon, these devices will have the capacity to completely merge with the body while maintaining a real-time connection to an external machine. CNBC explains the “Internet of Bodies.” https://www.cnbc.com/video/2024/05/31/what-is-the-internet-of-bodies.html
On this episode of Voternomics, we discuss the potential outcomes of the country’s election and what they would mean for its economy. from Bloomberg Politics https://ift.tt/pm2us0A
The internet search giant says strange and incorrect answers have prompted more than a dozen technical improvements so far. https://www.wsj.com/articles/google-refines-ai-search-overviews-after-odd-results-38ad78e3
Donald Trump did not lose on Thursday. Our once venerated legal system did. And, by extension, all Americans lost something precious. Because the failure of justice is a failure of the people. The conviction of the former president in a Manhattan courtroom was preordained. With the inexorable verdict, the ideals of a fair trial and…
Companies in two capital markets are looking to implement the business model that Microstrategy, led by entrepreneur Michael Saylor, pioneered in the U.S. According to David Bailey, CEO of Bitcoin Magazine, who denied one of these markets to be Korea, these operations are currently in the negotiation stage. More Companies Looking to Adopt Microstrategy’s Bitcoin…
The social-media platform is teaming up with NewsNation to air separate events with the former president and Robert F. Kennedy Jr. https://www.wsj.com/articles/musks-x-plans-live-town-hall-with-donald-trump-ahead-of-election-6cf33daa
NIO’s shares rose sharply in Hong Kong on expectations the Chinese electric-vehicle maker’s deliveries would likely hit a record high in May. https://www.wsj.com/articles/nio-shares-jump-on-potential-record-sales-in-may-3495aa33