FBI creates fake cryptocurrency in sting operation to catch market manipulators
In brief: The FBI is known for elaborate sting operations, but its recent takedown of an alleged group of fraudsters working the crypto market was particularly innovative because it created its own token as part of the ruse. This operation marks a significant step in law enforcement efforts to combat criminal behavior in the rapidly evolving cryptocurrency space.
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Read MoreUber, Lyft shares jump after Tesla’s ‘toothless’ robotaxi reveal
UBER Technologies and Lyft have climbed in early trading, after Tesla’s Elon Musk offered few details on the carmaker’s plans for a self-driving vehicle service that could compete with ride-hailing.
Uber’s stock jumped as much as 5.4 per cent and Lyft’s advanced up to 3.7 per cent in premarket trading on Friday (Oct 11),
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Read MoreUber and Lyft Get a Pop From Tesla Robotaxi Day
Tesla stock was lower following its Robotaxi event. Shares of the ride-hailing companies Uber and Lyft, however, were getting a boost.
There are a couple of seemingly contradictory reasons why.
“The Tesla event, although hyped, still lacked plenty of details and a believable timeline,” wrote Melius Research analyst Conor Cunningham.
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Read MoreHow are options taxed? Key things to know about capital gains taxes on options
Importantly, this article deals with how options trades are taxed for those who are not running a business in options trading. Those running a trading business are subject to different treatments. The …
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Read MoreThe Best Robotaxi Stock to Buy Now (Hint: Not Tesla)
Tesla’s stock price hinges on its Robotaxi service, but you can get its biggest competitor practically for free.
Tesla (TSLA 1.04%) held an event showing off its robotaxi ambitions on Oct. 10. It unveiled the Cybercab and Robovan, two autonomous vehicles designed with a robotaxi service in mind.
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Read MoreThe Burst
The Ivy
Will This Fake Meat Stock Sizzle?
Plant-based products, including meat alternatives, have been booming — and it’s anything but a fad. By 2030, it is estimated that the plant-based meat market will be worth $24.8 billion, growing at a CAGR (compound annual growth rate) of 19.3%.
Impossible Foods has the largest brand name but a few big players have carved out meaningful market shares,
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