BlackRock, the world’s leading asset manager, announced on March 7 its decision to include spot Bitcoin exchange-traded funds (ETFs) in its popular Global Allocation Fund (MALOX) for retail investors. Its recent filing with the U.S. Securities and Exchange Commission (SEC) signaled BlackRock’s strategic shift toward cryptocurrency investments. BlackRock Global Allocation Fund Portfolio The asset manager’s...
Bitcoin ransomware attackers reportedly leaked “sensitive data” belonging to “millions” of Venezuelan mobile carrier Digitel customers onto the internet on February 12. Per the X channel VE sin Filtro, the attackers hail from the MedusaBlog hacking group. Bitcoin Ransomware Attackers ‘Demanded $5million Worth of Coins’ The group reportedly infiltrated Digital’s networks on February 2 and...
Kansas-based now-failed Heartland Tri-State Bank’s former head has pled guilty on Thursday for embezzling $47.1 million for a series of “personal crypto purchases.” This led to the bank’s failure in July 2023, at a complete loss of equity for investors, the U.S. Attorney’s Office for the District of Kansas noted. Shan Hanes, 52, who served...
Dycom Industries, Inc. (DY) announced Monday that Chief Executive Officer Steven Nielsen will retire on November 30, 2024 after 25 years of service. The company has named Executive Vice President and Chief Operating Officer Daniel Peyovich to succeed Nielsen upon his retirement. Nielsen remains CEO and Chair of the Board until his retirement, at which...
Digital Currency Group (DCG) founder and CEO Barry Silbert proposed a possible merger of Genesis and Gemini according to an email exchange back in 2022, recent court filings show. Back then DCG owned the now-bankrupt crypto lender Genesis. If the proposed “commercial partnership” had gone ahead the plan would have been to compete with cryptocurrency...
The Malaysia stock market has ticked higher in three consecutive trading days, adding almost a dozen points or 0.7 percent along the way. The Kuala Lumpur Composite Index now rests just shy of the 1,625-point plateau although it may be stuck in neutral on Friday. The global forecast for the Asian markets suggests profit taking,...
The Canadian market ended slightly up on Monday, lifted by gains in technology, real estate and energy sectors. The mood remained largely cautious amid a lack of significant triggers. The market, which slipped a bit deeper into the red around mid afternoon after moving in a narrow range till then, moved higher in the final...
Federal officials are transfering former FTX CEO Sam Bankman-Fried to a new prison in California. According to a recent report by The Wall Street Journal, Bankman-Fried’s spokesperson confirmed the move but did not provide the specific destination. People familiar with the matter stated that Bankman-Fried would likely be moved to a federal correctional facility in...
By Sarah Morland MEXICO CITY (Reuters) -Mexican restaurant chain operator Alsea on Monday posted a 37% jump in its net profit for the last three months of 2023, citing an uptick in sales linked to better consumer trends. The company\'s net profit touched 1.05 billion pesos ($62 million). Alsea, which operates chain stores including Starbucks...
The Japanese stock market is trading modestly higher on Monday, reversing the losses in the previous session. The benchmark S&P/ASX 200 is moving above the 38,700 level, following the broadly positive cues from Wall Street cues on Friday, with gains in index heavyweights and technology stocks. The benchmark Nikkei 225 Index is up 74.30 or...