Business

This Week in Coins: Twitter Speculation Boosts Dogecoin, Bitcoin and Ethereum See Green

This week in coins. Illustration by Mitchell Preffer for Decrypt. last week a mixed bag flat for biggest coins, This week marked the first real signs of gain after the disaster in FTX’s bankruptcy spiral. Bitcoin (BTC) is up 2.7% over the past seven days and is currently trading at around $17,000. Its closest competitor, …

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Delta pilots will receive more than 30% in salary increases under new contract deal

A pilot drives past the windows of the renovated Delta terminal D at New York’s LaGuardia Airport on March 6, 2021. Timothy A. Clary | AFP | Getty Pictures Delta Airlines and the pilots union have reached a preliminary agreement for raises of more than 30% over four years, a milestone agreement that could sharply …

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The IRS Warns Americans To Report $600 Transactions From Payment Processors Or Audit At Risk

The Internal Revenue Service reminds taxpayers to report transactions of at least $600 made through payment networks like Venmo, Paypal, and Cash App. In a recently posted online statement, the IRS said that under the American Recovery Plan Act 2021, any payments made after March 11, 2021 in excess of $600 must be reported. The …

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Maxine Waters praises FTX founder Bankman-Fried for ‘candid’ interviews after billions lost

Democrats’ ties to FTX tarnish surveillance efforts. Hillary Vaughn of FOX Business opens up more about the collapse of the crypto exchange company. Maxine Waters, of Democratic Presidency of California, lauded the “candid” interviews with the press ahead of discredited financier Sam Bankman-Fried’s trial before a House committee. Waters made the comment via social media …

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Crypto broker Genesis owes customers of Winklevoss exchange $900 million

Digital asset trading group Genesis and its parent company, Digital Currency Group, owe $900 million to clients of the Winklevoss twins crypto exchange as FTX’s collapse hit the market. New York crypto exchange Gemini, run by Tyler and Cameron Winklevoss, is trying to recover funds after Genesis went astray last month due to the failure …

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Celsius users stuck with crypto collateral head to bankruptcy filing

Alan Knitowski has an MBA, has worked in technology and finance for over 25 years, and is the CEO of a Nasdaq-listed mobile software company. This hasn’t stopped him from being scammed by a crypto firm. Knitowski borrowed $375,000 and invested $1.5 million over several years from crypto lender Celsius. bitcoin as collateral. He did …

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Sam Bankman-Fried’s trade shop got special treatment at FTX for years

In a concession that shows how the former billionaire’s merchant store enjoyed preferential treatment over customers years before the 2022 crypto crisis, Sam Bankman-Fried said Alameda Research has been allowed to exceed normal borrowing limits on the FTX exchange since its early days. In an interview with the Financial Times, the 30-year-old Alameda talked about …

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