An unwitting cryptocurrency holder has reportedly fallen victim to an eye-watering $4.46-million phishing scam. According to data from Etherscan, $4.46 million in Tether (USDT) was withdrawn from a Kraken crypto exchange wallet and eventually sent to an address ending in “ACa7.” Blockchain security firm PeckShield has labeled the address as being owned by a phishing scammer.
An ongoing legal battle over Florida’s attempts to take over the Miami-Dade Expressway Authority isn’t showing signs of abatement. Four years after Gov. Ron DeSantis signed off on a bill that sought to dissolve the toll road authority, known as MDX, and replace it with the state-managed Greater Miami Expressway Agency, or GMX, both parties
Municipals were steady Wednesday as U.S. Treasuries were mixed fiollowing the Fed’s decision to hold interest rates. Equities ended the trading session down. As was expected, the FOMC held rates in a range between 5.25% and 5.50%, but the dot plot in the Summary of Economic Projections showed 12 of 19 members expect another 25-basis-point
If you’re contemplating where to buy a house and settle in, you shouldn’t only take into consideration the city and state. Factors that are significant in their relation to homeowning, such as property taxes and school districts, operate on a smaller, more detailed level than the city-level. Therefore, shopping for homes in terms of ZIP
Receive free UK politics updates We’ll send you a myFT Daily Digest email rounding up the latest UK politics news every morning. Ford has criticised anticipated moves by the UK government to delay its net zero efforts, even as home secretary Suella Braverman attacked previous government commitments as “arbitrary”, “punitive” and “totally unrealistic”. Car manufacturers
The U.S. Federal Reserve Building in Washington, D.C. Win Mcnamee | Reuters Today, the Federal Reserve will publish its latest economic forecasts. There will be an intense focus on the Summary of Economic Projections, which is the Fed’s own estimates for GDP growth, the unemployment rate, inflation and the appropriate policy interest rate. The summary will
A for sale sign in front of a home in Arlington, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates rose again last week, and so did demand for refinances, which at face value doesn’t make a lot of sense. Applications to refinance a home loan jumped 13% last week
Cryptocurrency exchange CoinEx is set to resume deposit and withdrawals for its users more than a week after it suffered a $70 million hack due to compromised hot wallet private keys. In previous correspondence with Cointelegraph, the exchange outlined its priority to build and deploy a new wallet system to facilitate activities for the 211 blockchains
Moody’s Investors Service revised the outlook on the New York Metropolitan Transportation Authority to positive from stable “based on the significant increase in state tax support that will offset the post-COVID ridership losses and structurally balance projected budget gaps.” The positive outlook “reflects the significant improvement in MTA’s financial forecast due to the state-authorized increase
Municipals were weaker Tuesday as triple-A yields rose in sympathy with U.S. Treasuries. Equities ended the session down ahead of the close of the Federal Open Markets Committee meeting Wednesday. Triple-A yields were cut two to seven basis points, depending on the scale, while UST yields rose four to six basis points, pushing the two-,
An empty parking lot is pictured in front of a Planet Fitness gym and fitness club in Alhambra, California, on May 12, 2020, after stay-at-home orders in Los Angeles County were extended until July amid the Covid-19 pandemic. Frederic J. Brown | AFP | Getty Images Check out the companies making headlines in midday trading.
Receive free Cboe Global Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Cboe Global Markets news every morning. The chief executive of Cboe Global Markets has resigned after failing to disclose personal relationships with colleagues. Edward Tilly, who has been at Cboe for 35 years, “did not disclose personal
Our weekly roundup of news from East Asia curates the industry’s most important developments. Token 2049, one of the largest crypto conferences of the year, attracted a record 10,000 attendees, 300 speakers and 5,000 companies during the two-day event in Singapore. From Sept. 13–14, attendees entering the majestic Marina Bay Sands Convention Expo and Center
JLL released its Construction Trends and Mid-Year Outlook several days ago, updating its 2023 Construction Outlook published in March. The new report, with its updated set of projections, highlights several hurdles the industry faces during a time of enormous economic uncertainty. Specifically, the report examines general construction industry health, along with the state of the
This week, Cointelegraph reporter Joe Hall takes podcast listeners back to school — Bitcoin (BTC) school. On the latest episode of Decentralize with Cointelegraph, listeners can indulge in interview snippets, soundbites and pearls of wisdom from the likes of Blockstream CEO Adam Back and Tether chief technology officer Paolo Ardoino, as well as professionals in cybersecurity and from Chainalysis.
The lawyer responsible for laundering $400 million from the OneCoin fraud has been denied a motion seeking a new trial, despite a prosecution witness having perjured themselves in the trial against him in 2019. According to a Sept. 18 report from Bloomberg, 54-year-old lawyer Mark Scott argued that he didn’t know OneCoin was a fraudulent
Georgia Gov. Brian Kemp has suspended his state’s gasoline tax for one month as prices at the pump continue to increase. Kemp cited high fuel costs and persistent inflation when he declared a legal state of emergency last week and signed an executive order suspending Georgia’s 31.2 cents-per-gallon tax on gas and 35-cents-per-gallon tax on
Canadian fintech corporation WonderFi, a firm backed by billionaire Kevin O’Leary, recently announced a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM. The partnership, announced on Sept. 18, will shore up Localcoin’s crypto ATM offerings throughout Canada with Bitbuy’s exchange platform and the “deep liquidity” that comes with it, according to a press
California Gov. Gavin Newsom made a pair of big climate-change related announcements this weekend as Climate Week NYC kicked off in New York City. During a Sunday interview at the event, Newsom said he plans to sign into law two bills approved by state lawmakers intended to force major corporations to be more transparent about
U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to stubbornly high mortgage rates. Builder confidence in the single-family housing market fell 5 points in September to 45 on the National Association of Home Builders/Wells Fargo Housing Market Index. The decrease follows a 6-point drop in August. Anything