Author: Press Room

Alex Mashinsky, founder and chief executive officer of Celcius Network Ltd., during a panel session at the Blockchain Week Summit in Paris, France, April 13, 2022.Benjamin Girette | Bloomberg | Getty ImagesNew York Attorney General Letitia James sued former Celsius Network CEO Alex Mashinsky on Thursday, alleging that Mashinsky defrauded hundreds of thousands of investors out of billions of dollars at the now-bankrupt cryptocurrency exchange.Mashinsky publicly assured his customers that investing with Celsius was both safer and more lucrative than leaving their investments in a traditional bank. At one point, deposits at the crypto exchange were valued at $20 billion,…

CNN  —  States are kicking off 2023 with a bevy of tax changes for their residents and businesses. Some 38 states had noteworthy alterations – mostly net tax reductions – take effect on January 1, according to the right-leaning Tax Foundation. They have lowered individual and corporate income tax rates, exempted more products from sales taxes and reduced the amount of retirement or military pension income subject to taxation. “We are seeing the culmination of two years of substantial tax cutting across the country, in response to historically high revenues and a desire for states to remain competitive in a…

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If you’re planning to invest your hard-earned money in stocks, bonds and other assets this year, let humility be your guide. After all, markets were rocked in the past three years by events few predicted: The pandemic. Several, sometimes violent, threats to democracy. Russia’s widely condemned invasion of Ukraine. The list goes on. In response, stocks and bonds, which typically don’t move in the same direction, moved down in tandem in 2022, with both ending the year deep in the red. Crypto, meanwhile, imploded. So, what’s in store for this year? The International Monetary Fund is predicting a recession for…

CNN  —  President Joe Biden on Thursday announced he is expanding a program to accept up to 30,000 migrants per month from Cuba, Haiti, Nicaragua and Venezuela – along with a plan to expel as many migrants from those countries who circumvent US laws – as his administration confronts a surge of migrants at the southern border. In a speech from the White House, Biden also unveiled plans to visit the US southern border on Sunday, stopping in El Paso, Texas, to meet local officials and address border security issues. It will be his first stop at the border as…

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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Security newsBug bounty and security services platform Immunefi published a new report which found that, in the Q4 of 2022, the crypto and decentralized finance (DeFi) ecosystem reached $1.62 billion in total losses, with the Q4 alone representing 41% of the total losses in 2022. This is a 119.2% increase to Q4 2021 when hackers and fraudsters stole $739 million. In total, the crypto and DeFi ecosystem saw a loss of $3.95 billion in 2022, a 51.2% decrease compared…

MOSCOW, Idaho — A victim’s mother wiped away tears Thursday as Bryan Christopher Kohberger, the man accused of killing four University of Idaho students, made his first courtroom appearance in the state.The handcuffed Kohberger, wearing an orange jail jumpsuit, faced Latah County Magistrate Judge Megan Marshall and answered “yes” when she asked whether he understood his rights and the charges against him.He is accused of killing Ethan Chapin, 20, of Conway, Washington; Madison Mogen, 21, of Coeur d’Alene, Idaho; Xana Kernodle, 20, of Avondale, Arizona; and Kaylee Goncalves, 21, of Rathdrum, Idaho, inside a Moscow home on Nov. 13.The four charges of…

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Source: YouTube