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☆ 'Crocodile Of Wall Street' and the battle over billions in stolen bitcoins
▼ + stars: | 2022-10-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Crocodile Of Wall Street' and the battle over billions in stolen bitcoinsOn the morning of Aug. 2, 2016, all around the globe, thousands of unsuspecting crypto investors woke up to find their digital wallets mysteriously wiped out. News broke of a shocking digital heist: nearly 120,000 bitcoins stolen from Bitfinex and the start of a manhunt for the hackers. It has all the ingredients of a wide-screen thriller … only this one is true, and is unfolding to be "super, super weird," according to one of the investors targeted in the hack. 45:14 an hour ago

☆ U.K. Regulator’s Enforcement Director to Step Down Next Year
▼ + stars: | 2022-10-18 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

The executive director for enforcement and market oversight at the U.K.’s Financial Conduct Authority, which also supervises compliance by U.K. cryptocurrency firms with anti-money-laundering laws, said he would step down next spring, the agency said Tuesday. Steward served as the executive director of enforcement at the Securities & Futures Commission of Hong Kong. He previously served as deputy executive director of enforcement for the Australian Securities and Investments Commission. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEW Since January 2021, the FCA has served as the anti-money-laundering (AML) compliance supervisor for cryptocurrency firms in the U.K.

☆ DeSantis' reputation as a social misfit who doesn't like people is a 'total fabrication,' his senior campaign advisor says
▼ + stars: | 2022-10-18 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +4 min

Ron DeSantis of Florida has for the last year received in-depth profile treatment from the media amid speculation that he'll seek the White House in 2024. That portrait, says Phil Cox, senior advisor to the DeSantis gubernatorial campaign, is "bullshit" and "a total fabrication." Cox said DeSantis "has a good sense of humor and cares about people." "Ron's strength as a politician is that he doesn't give a fuck," the New Yorker article said. "Republican voters love him because he says what he's going to do and he goes and does it," Cox said.

☆ News Corp. stock up, Fox shares down as investors weigh possible merger
▼ + stars: | 2022-10-17 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

Shares of News Corp. rose while Fox shares fell Monday as investors weighed the possibility of Rupert Murdoch's media companies recombining nearly decade after they split. The companies had announced Friday that they were exploring a merger, with each News Corp. and Fox saying they formed special committees to explore the possibility. News Corp. has a market capitalization of around $9.45 billion, while Fox Corp. is worth about $14.76 billion. Alphabet has a market cap of $1.32 trillion, Apple's market cap is $2.29 trillion and Amazon's market cap is $1.15 trillion. The source said Irenic would oppose the combination of News Corp. with Fox if the real estate arm remained undervalued.

☆ Credit Suisse downgrades Fox, says reunion with News Corp. could hurt more than it would help
▼ + stars: | 2022-10-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Fox 's potential reunification with News Corporation could actually be a set back from the stock's value, Credit Suisse warned. He said the potential combination of Fox and News Corp. would be a bad investment — and even just the idea could hurt the stock. "The pivot seems a tacit admission of challenges for Fox," he said in a Sunday note to clients. "Even if this merger does not ultimately come to fruition, the investment backdrop for Fox has been altered." He said a stock merger could take place, or one could rein if there's a perceived discount involved.

☆ Rupert Murdoch’s odd reunion simplifies succession
▼ + stars: | 2022-10-17 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, Oct 17 (Reuters Breakingviews) - Rupert Murdoch is seeking to stitch his empire back together again. The media mogul’s family trust wants to reunite News Corp (NWSA.O) and Fox (FOXA.O) almost a decade after they split. The boards of News Corp and Fox said Friday they had formed special independent committees to explore a potential merger. Rupert Murdoch and his family trust control approximately 42% of voting shares in Fox and 39% of voting shares in News Corp. The companies split in 2013.

Oct 14 (Reuters) - Rupert Murdoch started a process that could reunite his media empire, News Corp (NWSA.O) and Fox Corp (FOXA.O) disclosed on Friday, saying they would consider combining at his behest, nearly a decade after the companies split. If a deal goes through, the combination will allow Murdoch greater control over his media assets and help the companies trim costs. Media companies are fighting decades-low growth in advertising sales and for users' attention against deep-pocketed social media and content websites. It make sense, in this context, to reunite Fox and News Corp to create a company with complementary assets and greater scale, the person familiar with the proposal said. His son Lachlan Murdoch is chairman and CEO of Fox Corp.As of market-close on Friday, News Corp had a market cap of $9.31 billion and Fox Corp was $16.84 billion, according to Refinitiv.

"The chancellor will come to the despatch box," he said when asked by Sky News whether the corporation tax plan would definitely stay. Newspapers reported that some lawmakers who never wanted Truss to replace Boris Johnson as leader in the first place already wanted her out. "I think that changing the leadership would be a disastrously bad idea, not just politically but also economically, and we are absolutely going to stay focused on growing the economy," Cleverly said of Truss. But a fire-sale in the government bond market has driven up borrowing costs and mortgage rates and forced the Bank of England to intervene to protect pension funds. read moreMeanwhile, as Truss battled with the turmoil, she met King Charles for a weekly audience at Buckingham Palace between monarch and prime minister on Wednesday.

With no end in sight, photojournalists continue to document the devastating conflict between Ukrainian forces and Russian troops. View all 79 PhotosEditor’s Note: The gallery contains graphic images and will be updated frequently with the latest coverage from AP and Getty photojournalists on the frontlines. Oct. 15, 2023 | Kherson, Ukraine | A Ukrainian serviceman jumps out of the boat onto the shores of Dnipro at the frontlines. (Alex Babenko/AP)

Persons: Alex Babenko Organizations: AP, Getty Locations: Ukrainian, Russian, Kherson, Ukraine, Dnipro

☆ Powerball's jackpot is now $420 million and Mega Millions' top prize is $494 million. Here's how to handle a huge windfall
▼ + stars: | 2022-10-12 | by ( Sarah O'Brien | Nicole Webb | Senior Vice President Financial Advisor At Wealth Enhancement Group | ) www.cnbc.com time to read: +3 min

Powerball's jackpot is an advertised $420 million for Wednesday night's drawing. Mega Millions' top prize is even more: $494 million for the next pull, set for Friday night. Of course, the chance of a single ticket matching all six numbers drawn in either game is tiny: 1 in 292 million for Powerball and 1 in 302 million for Mega Millions. Nevertheless, it's worth giving thought to what you'd do if you were to beat the odds and land such a windfall. The process of figuring out how to handle a huge amount of money can take several months, Stanzak said.

☆ These are the 10 best colleges in the U.S.—and there isn't one public school on the list
▼ + stars: | 2022-10-12 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

The U.S. News released its annual ranking of the best national universities. The list has a mix of schools — including public and private — that offer a diverse range of undergraduate and graduate programs. It also offers details about the cost of tuition and fees for the 2022-2023 school year and the total undergraduate enrollment. Notably, not one public school made it into the U.S. News top 10. The Ivy League school offers highly-ranked graduate programs through the Princeton School of Public and International Affairs and the School of Engineering and Applied Science.

☆ Treasury Fines Crypto Exchange Bittrex $53 Million
▼ + stars: | 2022-10-11 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

The U.S. Treasury Department imposed two enforcement actions with fines totaling $53 million against cryptocurrency exchange Bittrex Inc. for alleged violations of sanctions and anti-money-laundering laws, the agency said Tuesday. The Treasury said Tuesday’s actions highlight the importance of crypto firms maintaining risk-based sanctions and anti-money-laundering compliance programs, and that noncompliance with these requirements can result in enforcement actions and exposure to potential abuse by illicit actors. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEW OFAC alleged that Bittrex failed to prevent people located in jurisdictions facing U.S. sanctions, including Ukraine’s Crimea region, Cuba and Iran, from using its platform to conduct crypto transactions between 2014 and 2017. FinCEN said Bittrex also failed to file required suspicious activity reports between 2014 and 2017.

☆ Nord Stream gas 'sabotage': who's being blamed and why?
▼ + stars: | 2022-09-30 | by ( Joanna Plucinska | ) www.reuters.com time to read: +6 min

Russia's foreign ministry said on Thursday it was "unthinkable" that an investigation into ruptures on the Nord Stream 1 and 2 gas pipelines would proceed without Moscow's participation. President Vladimir Putin said on Friday the United States and its allies blew up Nord Stream. U.S. President Joe Biden said on Friday damage to Nord Stream was a deliberate act of sabotage. Map of Nord Stream pipelines and locations of reported leaksWHY SABOTAGE A PIPELINE? "They already succeeded in stopping Nord Stream 2.

A gas leak from Nord stream 1 is seen in the Swedish economic zone in the Baltic Sea in this picture taken from the Swedish Coast Guard aircraft on September 28, 2022. The European Union is investigating the cause of the leaks in the Gazprom-led (GAZP.MM) Nord Stream 1 and 2 pipelines under the Baltic Sea and has said it suspects sabotage. "The attack on strategic infrastructure means that the strategic infrastructure in the entire EU has to be protected," the EU official in Brussels said. Russia had halted deliveries via Nord Stream 1, saying Western sanctions had hampered operations. Nord Stream 2 had not started commercial operations.

☆ Blackstone’s Schwarzman kickstarts UK asset grab
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, Sept 28 (Reuters Breakingviews) - Britain’s currency crisis may have an upside after all – at least for foreign investors. Blackstone’s (BX.N) Steve Schwarzman is paying 80 million pounds for 17th-century country estate Conholt Park, the City A.M. newspaper reported. But it’s exactly the kind of purchase that will make more sense the lower the pound goes. And to the extent that future cash flows are denominated in dollars or euros, the sterling purchase price should rise. U.S. investors just bought Chelsea soccer club, while Saudi Arabia’s sovereign wealth fund last year swooped on rival Newcastle United.

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☆ Amazon Prime Day 2022: What we know about the October sales event
▼ + stars: | 2022-09-26 | by ( Zoe Malin | Zoe Malin Is The Associate Updates Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +15 min

This is the first time Amazon is hosting Prime Day twice in one year, but it’s not the first time Prime Day has been scheduled for October. Because you know another one will be around the corner soon enough.”Do I need a Prime membership to get Amazon Prime Day discounts? July 2022 Prime Day bestsellersEvery year, Amazon announces bestselling Prime Day products worldwide as well as in select countries. One of the biggest differences between July’s Prime Day and October’s Prime Day is consumer mindset. One of the biggest differences between July’s Prime Day and October’s Prime Day is consumer mindset.

☆ Crédit Agricole Subsidiaries to Settle Alleged Violations of U.S. Sanctions
▼ + stars: | 2022-09-26 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

Two subsidiaries of French bank Crédit Agricole Group’s corporate and investment banking arm have agreed to pay more than $1.12 million in civil penalties to settle alleged violations of U.S. sanctions, the Treasury Department said on Monday. Separately, CFM Indosuez Wealth, a Monaco-based indirect subsidiary also of Crédit Agricole Corporate and Investment Bank, has agreed to pay $401,039 for allegedly violating sanctions against Cuba, Iran and Syria, OFAC said. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEW Representatives of Crédit Agricole Corporate and Investment Bank didn’t immediately respond to a request for comment. The two subsidiaries were responsible for implementing the compliance policies of their two parents, Crédit Agricole SA and its investment banking arm, but failed to do so from as early as 2011 until 2016, according to OFAC.

☆ Winter's approach sets the clock ticking for Ukraine and Russia
▼ + stars: | 2022-09-25 | by ( ) www.cnbc.com time to read: +6 min

A destroyed Russian tank is seen as Ukrainian serviceman rides a tractor and tows a Russian military vehicle, amid Russia's invasion on Ukraine, near the village of Dolyna in Kharkiv region, Ukraine September 23, 2022. Russia, meanwhile, pressed on with its call-up of hundreds of thousands of men to throw into the seven-month war, seeking to reverse its recent losses. The Russian mobilization — its first such call-up since World War II — is sparking protests in Russian cities, with fresh demonstrations Sunday. It is also opening splits in Europe about whether fighting-age Russian men fleeing in droves should be welcomed or turned away. For Ukrainian and Russian military planners, the clock is ticking, with the approach of winter expected to make fighting more complicated.

☆ These 7 states have the least air pollution in the U.S.
▼ + stars: | 2022-09-24 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

That's good news for residents of several states, according to a new U.S. News and World Report analysis, which ranked all 50 states according to how polluted they are and the risk that pollution poses to their population's health. That ranking is consistent with other 2022 analyses: The American Lung Association (ALA) says Vermont's cities are among the cleanest by air quality in the country, and have low levels of the most harmful and widespread types of air pollution. The state's Burlington-South metro area in particular is one of only two U.S. cities that rank as the cleanest for the worst types of air pollution, which include particle pollution and ozone air pollution. In 2022, the ALA said the state's air quality got "mixed grades." Several pieces of research point to the state's poor air quality.

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☆ Delaware prepares for potential arrival of migrants after DeSantis chartered flights to Martha's Vineyard
▼ + stars: | 2022-09-20 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

Ron DeSantis and Texas Gov. A Texas sheriff announced on Monday that he is opening a criminal investigation into the transport of migrants to Martha's Vineyard, saying they were "lured" with "promises of a better life." DeSantis had suggested in November that he could send migrants to Biden's home state of Delaware. Newsweek reportered on Tuesday that the same aircraft that flew migrants to Martha's Vineyard is bound for Delaware Coastal Airport in Sussex County, Delaware, "though there is no evidence at this time that migrants will be on board." Last week, Republican Sen. Ted Cruz of Texas tweeted "Rehoboth Beach, Delaware next" and tagged Abbott and DeSantis.

The company’s lawyers will also depose Musk lieutenant Jared Birchall and lawyer Alex Spiro in the coming days, Tuesday filings show. News of the deposition plans comes as Twitter co-founder and former CEO Jack Dorsey is set to be deposed Tuesday by lawyers for the company and Musk. The new depositions are the latest sign that the legal battle between Musk and Twitter (TWTR) is heating up. The judge overseeing the acquisition dispute has ruled that Musk could add to his claims based on Zatko’s disclosure. Twitter has also subpoenaed Musk and a number of his associates as part of its case.

☆ The GOP's American psychosis didn't start with Trump. It won't end with him, either.
▼ + stars: | 2022-09-18 | by ( David Corn | David Corn Is A Veteran Washington Journalist | Political Commentator. He Is The Washington Bureau Chief For Mother Jones Magazine | ) www.nbcnews.com time to read: +15 min

This piece has been adapted from "American Psychosis: A Historical Investigation of How the Republican Party Went Crazy,” by David Corn. Some reporters feared Goldwater supporters were about to storm the stage and physically attack the governor. The Republican Party — those then in control of it — thought otherwise. They were guided by what Trump adviser Kellyanne Conway once called “alternative facts.” For many of the Capitol Hill assailants, Trump and his paranoia had become a theology. Excerpted from "American Psychosis: A Historical Investigation of How the Republican Party Went Crazy."

☆ QAnon song plays and MAGA supporters give unusual finger salute as Trump speaks at JD Vance rally in Ohio, video shows
▼ + stars: | 2022-09-18 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

Former President Donald Trump spoke at a rally for JD Vance on Saturday in Youngstown, Ohio. A QAnon song played while he spoke about Ukraine, "Fake News," and Hunter Biden's laptop. Last month, Trump posted a video on his social media platform Truth Social using the same audio, per Media Matters. At the time, the former president's spokesperson claimed to Vice that it was not a QAnon song but music by the composer Will Van de Crommert. People point their fingers to the sky during a speech by former President Donald Trump at a rally in Youngstown, Ohio.

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