BUSINESS

Cryptographer Adam Back likened Ethereum to ponzi schemes, an apparent double down to his 2019 statement that the popular blockchain is similar to medical company Theranos for overselling the state of its technology.

Jeff Bezos has sold $7.2 billion of his shares in Amazon stock so far in 2020, in part to fund the lunar landing project of his company, Blue Origin.

Morgan Creek CEO Anothony Pompliano believes Bitcoin will become more valuable than gold because of its digital nature and its scarcity.

Younger investors deploy their money on more high risk assets like Bitcoin and tech stocks while older investors prefer bonds, which are generally safe, and gold, which has been a store of value for thousands of years.

There are no plans for Microsoft to rename Xbox Live or to shut down the Xbox Live Gold service.

Manhattan District Attorney Cyrus Vance has sought financial documents from Deutsche Bank as part of his criminal investigation into the Trump Organization.

U.S. stocks rose on Wednesday although ADP private payroll report showed small growth.

The federal government has contracted for hundreds of millions of doses of the various vaccine candidates, with phase 3 clinical trials just getting started.

The upcoming events will feature a variety of popular movies throughout the coming months.

Cheetos Mac 'n Cheese will be available in three different flavors, each for less than a dollar.

Companies like Quicken Loans have stepped into mortgage originations as banks moved out.

The Cruise Lines International Association said it will reevaluate its Oct. 31 suspension by Sept. 30.

The digital age has brought with it a constant stream of opportunities for entrepreneurs to grab. The business world goes through constant evolution and change.

Ancestry, which operates in more than 30 countries, generates more than $1 billion in annual revenue.

The department said it will offer a record $112 billion of Treasury securities next week to refund about $49.5 billion of privately-held Treasury notes and bonds maturing on Aug. 15, 2020.

The agreement includes 100 million doses of a COVID-19 vaccine with the option for 300 million additional doses.

Facebook’s Instagram unit has launched a new video tool – Instagram Reels – that will reportedly compete directly with TikTok, which is facing pressure to sell its U.S. assets to Microsoft or another company.

Uber will provide workers a $500 stipend for office equipment if they chose to work from home.

Purdue Pharma filed for bankruptcy last year and faces more than 2,000 lawsuits over opioid crisis

U.S. stocks rose on Wednesday as the White House and Democrats keep talking over new stimulus

The airline, which is controlled by Bain Capital, has slashed 3,000 jobs.

The money crunch is a sure thing if the government scraps the $600 enhanced jobless benefit.

Bitfinex's latest initiative to retrieve the Bitcoins stolen from its exchange in 2016 is to reward anyone who can connect them to the hackers, as well as reward the hackers themselves if they return the stolen funds.

Tether increased its market cap by 136% since the beginning of the year.

Even as the coronavirus shut everything down, sales for PlayStation 4 games stood at 91 million over the period covering March until the end of June.

Rep. Tom Emmer thinks the United States should find a way to provide regulatory clarity on cryptocurrencies or risk losing young talent who would set up shop elsewhere where laws are clear regarding the industry.

Scammers are targeting desperate Americans with scams involving online shopping and free groceries amid the economic downturn due to COVID-19, a consumer protection group said Tuesday.

He Xiangjian has a net worth of $29 billion. The founder of Midea used to only drink sugar water for breakfast to save money when the company was just starting. His perseverance paid off as Midea is now known as one of the world's biggest home appliance makers.

Virgin Atlantic has filed for Chapter 15 bankruptcy protection as the company seeks to chart a new way forward amid the ongoing COVID-19 pandemic.