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☆ Billionaire Mark Cuban warns the next crypto implosion could come from 'wash trades,' report says
▼ + stars: | 2023-01-05 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Billionaire Mark Cuban thinks the next crypto meltdown could stem from wash trades. Wash trades are a form of pump-and-dump scheme to artificially generate interest around a crypto token. "I think the next possible implosion is the discovery and removal of wash trades on central exchanges," he told The Street. Wash trades are a type of pump-and-dump scheme that involve creating artificial interest in a financial asset, in this case a cryptocurrency. The report also said that in 12 "tier-2 exchanges," wash trades accounted for nearly 80% of the total trade volume.

☆ Here's why investors can expect returns in the S&P 500 this year after 2022's stock market bloodbath.
▼ + stars: | 2023-01-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

This time last year, the S&P 500 was coming off its all-time closing high, which had arrived on 2022's first day of trading. It's only happened four times, but when the S&P 500 sees back-to-back losing years, the second is always worse. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. And if you look at Bank of America's Sell Side Indicator, a year in the green for the S&P 500 seems to be in the cards. Morgan Stanley just revamped a nine-stock list that's beaten the S&P 500 by 18% over time.

☆ Iranian-made drones cost as little as $20,000 to make, but up to $500,000 to shoot down, a growing concern in Ukraine, report says
▼ + stars: | 2023-01-04 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Russia's Iranian-made drones cost as little as $20,000, but can cost much more to shoot down. Ukraine launched multiple costly missiles over New Year to deal with Russia's drones, NYT reported. While the Shahed-136 drones being deployed by Russia cost as little as $20,000 to make, shooting one out of the sky can cost between $140,000-$500,000, the paper reported. "Shooting $4 million missiles at $250,000 Russian cruise missiles might be justified if those missiles would hit sensitive targets. Shooting a $4 million missile at a $50,000 Iranian Shahed-136 drone would probably not," they said.

☆ Judge orders Sam Bankman-Fried to be blocked from accessing or transferring any FTX or Alameda assets
▼ + stars: | 2023-01-03 | by ( Sindhu Sundar | Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried denied any role in the recently reported transfers of funds involving Alameda. A federal judge sided with prosecutors and blocked him from accessing Alameda and FTX assets. US district judge Lewis Kaplan, who presided over Bankman-Fried's arraignment on Tuesday in which the FTX and Alameda founder pleaded not guilty, granted prosecutors' request to restrain him from such transactions. Kaplan's ruling blocks Bankman-Fried from those transactions, though it allows him to come to an agreement with prosecutors about a possible different arrangement. On Tuesday, Kaplan set October 2 as a date for a trial, though Bankman-Fried could work with prosecutors to negotiate a plea deal before then.

☆ Here's why these US Air Force A-10 attack aircraft rock fearsome shark teeth war paint
▼ + stars: | 2023-01-02 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +6 min

An A-10 pilot told Insider about the history of the shark teeth war paint. Those planes are the ones rocking the ferocious shark teeth war paint, he said. US Air Force Senior Airman Brandon Hill, 74th Aircraft Maintenance Unit dedicated crew chief, guides Lt. Col. Matthew Shelly, the 74th Fighter Squadron commander, at Moody Air Force Base, Georgia, June, 26 2021 US Air Force photo by Staff Sgt. The first P-40s to feature the shark mouth war paint were the British Royal Air Force Tomahawks. The 74th and 75th Fighter Squadrons are still part of the 23rd Fighter Group while the 76th is now a Reserve unit with 476th Fighter Group.

☆ The Ukraine war rages on without a clear end in sight. Here are 6 ways the conflict with Russia could play out
▼ + stars: | 2023-01-02 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +10 min

As Russia's war in Ukraine continues, there does not appear to be a clear end in sight. Russian victoryWhen it began its unprovoked invasion of Ukraine, Russia's goal was to take over the country completely. Rather than taking more territory, Russia's objectives in the current stage of war seem to be to weaken Ukraine's resources, economy, and army. Nuclear war and/or NATO interventionPutin has repeatedly made nuclear threats since he began the invasion of Ukraine and, in September, claimed that it was "not a bluff." One senior official previously said that a Russian nuclear strike could trigger a "physical response" from NATO itself.

☆ Mark Cuban on the habit all 30-somethings need to succeed: Without it, 'you're not expanding your mind'
▼ + stars: | 2022-12-31 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

If you can't come up with a New Year's resolution, Mark Cuban has you covered. On Sunday, the Dallas Mavericks owner told Bill Maher on the "Club Random" podcast that everyone over 30 should be reading every day. "Somebody 40 and over, even 30 and over, if you're not reading, you're f---ed… because you're not expanding your mind," Cuban said. "I tell my kids… 'Somebody who doesn't read lives one life, somebody who reads an unlimited number of lives.'" But Cuban said he had to adopt a different strategy for his son, now 13, who doesn't like to read.

☆ Crumbling tech stocks and recession fears have cratered the fortunes of the wealthiest Americans including Elon Musk and Jeff Bezos.
▼ + stars: | 2022-12-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Britta Pedersen-Pool/Getty Images; Arif Hudaverdi Yaman/Getty Images; KENZO TRIBOUILLARD/Getty Images; Mike Cohen/Getty Images; Yuqing Liu/Business Insider1. Besides the fallen crypto king, many of these shrinking fortunes can be chalked up to this year's bloodbath in the tech stocks. How has Elon Musk's involvement with Twitter impacted your outlook for Tesla stock? Tesla stock price on December, 29, 2022 Markets Insider10. Tesla stock climbed Wednesday as dip-buyers poured into the EV maker.

☆ This 1-minute wellness hack was the biggest ‘Shark Tank’ investment of the year—and Robert Herjavec offered $2.4 million for it
▼ + stars: | 2022-12-29 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

The largest investment on ABC's "Shark Tank" in 2022 didn't go to a robotics company or a vegan food empire. On a May 2022 episode, Robert Herjavec offered $2.4 million to Plunge, a Lincoln, California-based company that sells tubs designed for cold-water immersion. Kevin O'Leary offered Garrett and Duey $1.2 million for 18% of Plunge, while Barbara Corcoran offered $600,000 in cash and $600,000 in loan or line of credit for 20% of Plunge. CNBC Make It reached out to Plunge for an update, but the company declined to comment on the current status of their partnership with Robert Herjavec. Sign up now: Get smarter about your money and career with our weekly newsletterDon't miss:Mark Cuban offered multiple $1 million ‘Shark Tank’ investments this year—here’s what they have in commonI’m a health & wellness reporter.

☆ Mark Cuban wants to buy more bitcoin, says gold investors are 'dumb'
▼ + stars: | 2022-12-28 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Billionaire Mark Cuban is doubling down on bitcoin and says he even prefers investing in the digital asset over gold. However, Cuban called gold investors "dumb as f---" during his interview with Maher. However, there is a key difference between how gold and bitcoin derive value. On the other hand, bitcoin and other cryptocurrencies are a relatively new form of payment. Bitcoin prices are currently trending far below their January prices while gold has only diminished by a little over 1% year to date as of Dec. 27.

☆ Mark Cuban offered multiple $1 million 'Shark Tank' investments this year—here's what they have in common
▼ + stars: | 2022-12-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Mark Cuban, who built his fortune starting and selling tech companies, only offered two $1 million investments on ABC's "Shark Tank" in 2022. Instead, the owner of the NBA's Dallas Mavericks gave his biggest investments of the year to two food companies. It's not unusual for a "Shark Tank" investor and company to abandon or revise their partnership. In May, CupBop told CNBC Make It it was operating 36 locations across six U.S. states and more than 100 locations in Indonesia. Cuban, who went vegetarian in 2019, has invested millions of dollars over the past few years in other food companies on "Shark Tank."

☆ Ukrainian's 'know what we are fighting for,' Zelenksyy says in defiant Christmas message after Russian strikes
▼ + stars: | 2022-12-25 | by ( Henry Austin | Henry Austin Is A London-Based Editor For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

Ukrainians “know what we are fighting for,” President Volodymyr Zelenskyy said in a defiant Christmas message Saturday, hours after officials said 10 people were killed by Russian shelling in the southern city of Kherson. And Christmas bells can ring not so loudly and inspiringly through air raid sirens, or even worse — gunshots and explosions,” Zelenskyy said. Zelenskyy’s message came despite the fact that the majority of his compatriots are Orthodox Christians and mark Christmas on Jan. 7, in accordance with the Julian calendar. “This is not sensitive content — it’s the real life of Kherson,” Zelenskyy tweeted alongside images showing cars on fire, bodies on the street and building windows blown out. At least 10 people had been killed and 68 injured by the strikes, Kherson Regional Gov.

☆ Mark Cuban’s advice for young people starting a business: ‘It really comes down to one simple thing’
▼ + stars: | 2022-12-25 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Billionaire Mark Cuban was only 12 years old when he launched his first side hustle, so he knows what it takes to start a business at a young age. And, he says there's one simple thing you need to consider if you want to do it, too. "If it's a product, do something that's easy for you to get and easy for you to sell," Cuban said, adding: "It really comes down to one simple thing. As long as you don't mind putting in that work, especially after you choose your business opportunity, a world of opportunity can open up for you, Cuban told the high school students. "If you're willing to take the initiative and start a business, anything is possible," he said.

Take a page from the super-wealthy and successful by reading the books they wrote. Insider compiled a list of 30 books to help you learn how billionaires found success. The list includes "Shoe Dog" by Nike's Phil Knight and "Onward" by ex-Starbucks CEO Howard Schultz. Whether they want to launch an empire or become the best in their field, there's no better resource than books by people they aspire to be. Whether you or someone you know has set a goal to become a billionaire in the next year, these 30 books can provide some insight and lessons to what it's like to be at the top.

Companies Ledgerx LLC FollowNEW YORK, Dec 22 (Reuters) - Sam Bankman-Fried was released on a $250 million bond package on Thursday while he awaits trial over the collapse of the FTX crypto exchange, which a U.S. prosecutor called a "fraud of epic proportions." His defense lawyer, Mark Cohen, declined to comment after the hearing in Manhattan federal court. U.S. Magistrate Judge Gabriel Gorenstein set Bankman-Fried's next court date for Jan. 3, 2023, before U.S. District Judge Ronnie Abrams, who will handle the case. The bond is meant to ensure that if Bankman-Fried flees, the government could confiscate the family's assets - including their Palo Alto home - up to $250 million. Details of their cooperation were kept under wraps until Bankman-Fried left the Bahamas, according to court papers filed on Thursday.

But the visit also leaves several key questions unanswered, including how U.S. military support could evolve, whether Congressional support for the war will endure and - crucially - how the war will end. Biden announced that the United States would provide another $1.85 billion in military aid, including a Patriot missile defense system. The United States and its allies have been unwilling to provide other advanced weapons Ukraine has pleaded for. The next steps for Kyiv, the officials added, would be to receive additional air defense systems from the United States and other western countries along with better integrating them. "No more blank checks to Ukraine," Republican Representative Andy Biggs wrote on Twitter hours before Zelenskiy's visit to Washington.

☆ Bitcoin lost over 60% of its value in 2022—here’s how much 6 other popular cryptocurrencies lost
▼ + stars: | 2022-12-23 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

In the latest blow to the crypto space, Core Scientific, one of the largest publicly traded crypto mining companies in the U.S, which primarily mints bitcoin, filed for bankruptcy on Dec. 21, citing falling crypto prices and rising energy costs. Just 8% of Americans have a positive view of cryptocurrency as of Nov. 2022, according to the CNBC All-America Economic Survey. Overall, the crypto market has lost a little over $2 trillion in 2022 and popular digital coins such as bitcoin have fallen far below their 2021 highs. Here's how much the value of seven popular cryptocurrencies changed in 2022 as of Dec. 22, per CNBC's calculations. For this reason, financial experts typically advise against investing more into crypto than you're willing to potentially lose.

☆ Why we’re so bad at forming new habits—and how to be better
▼ + stars: | 2022-12-23 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

My younger, more disciplined sister hates resolutions: "Why wait for a calendar date to do something that's good for you? Make the decision to be better now," she says, as I eat Christmas cookie dough and promise to give up sugar starting Jan. 1. We need to better understand how habits are formed. So, how do you implement healthier habits without thinking too hard? When it's hard to exercise or eat perfectly or if you just really, really crave takeout from a single-use plastic container, forgive yourself.

If you're on the fence about electric vehicles, Josh Aviv wants to alleviate one of your top concerns: "range anxiety." That's the nervous feeling EV owners or prospective buyers get when they're concerned that their electric vehicle won't have enough battery power to reach its destination. There are currently more electric vehicles on the road than ever before — with a record 6.6 million sold in 2021, double the previous year's total. SparkCharge has raised roughly $30 million from investors like Mark Cuban, Tale Venture Partners and rapper Pusha-T. The investments currently value SparkCharge at about $110 million, Aviv says.

☆ The US is finally sending Patriot air defenses to Ukraine, but officials warn that it's not 'a silver bullet'
▼ + stars: | 2022-12-22 | by ( Christopher Woody | ) www.businessinsider.com time to read: +6 min

The US announced on Wednesday that it would provide Ukraine with a Patriot air-defense system. The Patriot system is highly capable, but officials caution that there's only so much it can do. The Patriot battery and accompanying munitions are part of a $1 billion package announced on Wednesday as a presidential drawdown, meaning its contents will be pulled directly from US stocks. Washington has previously pledged to send National Advanced Surface-to-Air Missile Systems, Hawk air-defense systems, and Avenger air-defense systems. A Patriot battery typically has eight launchers, each capable of firing four to 16 interceptor missiles depending on the type being used.

☆ Sam-Bankman Fried to be released on $250 million bail and will be required to stay with parents ahead of FTX trial
▼ + stars: | 2022-12-22 | by ( Jacob Shamsian | Sindhu Sundar | ) www.businessinsider.com time to read: +6 min

Sam Bankman-Fried was granted release on $250 million bail at a court hearing Thursday. He will be required to surrender his passport and stay with his parents ahead of a federal trial on a list of charges tied to the failure of FTX. Bankman-Fried will be required to attend a court hearing in California at 10 a.m. Friday, Gorenstein ruled. Another court hearing is scheduled for January 3 in Manhattan, where Bankman-Fried is expected to enter a plea. Criminal allegations against Ellison and Wang, first filed on December 19, were unsealed in court on Thursday morning ahead of Bankman-Fried's court appearance.

Bankman-Fried left the courthouse, surrounded by guards with assault weapons, and entered a vehicle, according to Reuters Video. The Ministry of Foreign Affairs in The Bahamas said in a statement that the foreign minister had signed off on allowing Bankman-Fried's extradition to the United States. Bankman-Fried was arrested on a U.S. extradition request last week in The Bahamas, where he lives and where FTX is based. [1/10] Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted out of the Magistrate Court building in Nassau, Bahamas December 21, 2022. This rule, which is in The Bahamas’ extradition treaty with the United States, says a person can be tried only on the charges for which they are extradited.

Bankman-Fried left the courthouse, surrounded by guards with assault weapons, and entered a vehicle, according to Reuters Video. Bankman-Fried was arrested on a U.S. extradition request last week in The Bahamas, where he lives and where FTX is based. [1/10] Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted out of the Magistrate Court building in Nassau, Bahamas December 21, 2022. This rule, which is in The Bahamas’ extradition treaty with the United States, says a person can be tried only on the charges for which they are extradited. Bankman-Fried has acknowledged risk-management failures at FTX, but has said he does not believe he has criminal liability.

It paves the way for the founder of the FTX cryptocurrency exchange to be flown to the United States as early as Wednesday afternoon. Bankman-Fried was arrested on a U.S. extradition request last week in The Bahamas, where he lives and where FTX is based. [1/8] Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted into the Magistrate Court building in Nassau, Bahamas December 21, 2022. This rule, which is in The Bahamas’ extradition treaty with the United States, says a person can be tried only on the charges for which they are extradited. Bankman-Fried has acknowledged risk-management failures at FTX, but has said he does not believe he has criminal liability.

NASSAU, Dec 21 (Reuters) - Sam Bankman-Fried left a Bahamas correctional facility and arrived in court on Wednesday morning, a source said, a day after the founder of the FTX cryptocurrency exchange signed papers paving the way for his extradition to the United States, where he faces fraud charges. Bankman-Fried is expected to sign additional papers in court finalizing his waiver of rights to fight extradition, another person close to the matter told Reuters. Bankman-Fried was arrested on a U.S. extradition request last week in The Bahamas, where he lives and where FTX is based. [1/6] Sam Bankman-Fried, founder and former CEO of crypto currency exchange FTX, leaves the Magistrate Court building in Nassau, Bahamas December 19, 2022. Wednesday's hearing will follow a confusing sequence of events this week that left the status of Bankman-Fried's expected extradition unclear.

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