Bitfinex faces New York allegations of losing $ 850M in copayment funds

Bitfinex faces New York allegations of losing $ 850M in copayment funds

A popular cryptocurrency trading platform, Bitfinex has to deal with the New York Attorney General's Office (NYAG) for allegedly hiding more than $ 800 million in customers and corporate money. The NY State Supreme Court Appeals Department overwritten the appeal on Thursday, after the company argued that tether (USDT) is not a security or traditional good. Last year in April, prosecutors in New York alleged that Bitfinex lost $ 850 million from its customers and corporate partners. The charges stem from allegations from NYAG and New York Attorney General Letitia James.

Bitcoin Bull Mike Novogratz said it would hold more gold than Bitcoin

Bitcoin Bull Mike Novogratz said it would hold more gold than Bitcoin

Billionaire investor Michael Novogratz recently detailed in an interview that he thinks global investors should hold more gold in their portfolios and own fewer bitcoins. Novogratz's statements followed his recent advice last month when he said investors should watch gold and bitcoin. Michael Novogratz has been a renowned investor and hedge fund manager at Fortress Investment Group for many years. Now Novogratz is a big believer in digital currencies and in 2017, he told the press that 20% of his net worth was in bitcoin (BTC) and ethereum (ETH).

China exempts additional American goods

China exempts additional American goods

Types of ores, precious metals, semiconductor components ... are in the list of China exempted from tax for the US from May 19 until mid-2021. China has announced a new list of 79 US products eligible for import duty exemption in the context of Beijing increasing purchases of goods from the United States. Products exempted from this round include ores, precious metals, semiconductor components, medical disinfectants, chemicals and petrochemicals, etc. China's Ministry of Finance said the tax exemption will take effect from May 19 and expires on May 18, 2021. However, within 6 months from May 19, importers must apply to China Customs to be considered for tax exemption.

Giants are lucky, full of money pockets during the epidemic

Giants are lucky, full of money pockets during the epidemic

Luck at a time when the global economy is struggling because of Covid-19, the billionaires boom to see. The richest billionaire of all time Jeff Bezos, the Amazon boss, set a record of "pocketing" $ 6.4 billion after just one day after the stock rose above the all-time high. Amazon shares jumped 5.3% on April 14, reaching a new record of $ 2,283 per share. This stock is currently up over 20% this year. The Amazon boss is worth an estimated $ 138 billion, far exceeding other wealthy billionaires in the world.

Indian billionaire regained the richest man in Asia from Jack Ma

Indian billionaire regained the richest man in Asia from Jack Ma

Indian billionaire Mukesh Ambani once again usurped Jack Ma's richest man in Asia after a deal with Facebook. On April 22, billionaire Ambani's fortune increased $ 4.7 billion to $ 49.2 billion after Reliance Industries' stock jumped 10%. This boost helped the billionaire's fortune be about $ 3.2 billion higher than what Jack Ma owned, according to the Bloomberg Billionaires Index. On April 21, Facebook announced that it would buy back 9.9% of the businessman Jio Platforms of Ambani for $ 5.7 billion. With the deal, Facebook will have access to Jio's 370 million registered customers.

How rich is the close casino boss of President Trump?

How rich is the close casino boss of President Trump?

Gambling billionaire Phil Ruffin is known for his long-standing close relationship with US President Donald Trump. According to Forbes, he currently owns a fortune of $ 3.2 billion With a net worth of $ 3.2 billion, Forbes ranks billionaire Phil Ruffin as the 319th richest person in the United States and the 8th largest in the world. Most of that money he makes comes from casino and real estate businesses.

Elon Musk dismisses Warren Buffett's work as 'boring', but investing must be boring to make money

Elon Musk dismisses Warren Buffett's work as 'boring', but investing must be boring to make money

The founder of Tesla always made statements that made public opinion. Most recently, on the May 7 broadcast, Elon Musk commented that the Warren Buffett-like investment was very boring and he did not admire Warren Buffett. Billionaires Elon Musk and Warren Buffett. Photo: Getty Images Billionaire Elon Musk did not hesitate to give his opinion on legendary investor Warren Buffett. During Tesla's recent earnings report, Elon Musk called Warren Buffett's famous investment strategy "mediocre".

'Evaporating' more than 1,100 points, Dow Jones witnessed the strongest decline in history

'Evaporating' more than 1,100 points, Dow Jones witnessed the strongest decline in history

US stocks fell sharply in a volatile trading session on Thursday (February 27), when investors were concerned the COVID-19 epidemic could spread in the US. A series of warnings from businesses and analysts on the corona virus have put pressure on key indicators, causing them to fall into the regulatory zone, CNBC reported. Ending the Thursday session, the Dow Jones index evaporated 1,190.95 (equivalent to 4.4%) to 25,766.64 points. The S&P 500 lost 4.4% to 2,978.76 points, while the Nasdaq Composite lost 4.6% to 8,566.48 points.



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