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 MoreWill Invest 94L become Tropical Storm Nadine? National Hurricane Center lowers its odds
The National Hurricane Center is tracking a tropical disturbance it has dubbed Invest 94L as it moves its way toward the Leeward Virgin Islands late this week, though the center has slightly dialed back the disturbance’s chances of becoming Tropical Storm Nadine.
Meanwhile, the NHC is also tracking another tropical wave in the western Caribbean Sea that has even lower odds of forming before it’s expected to veer westward into Central America.
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Billionaires Are Scooping Up These 4 Assets
The real estate industry has been on quite a journey over the last few years. After initially falling hard in the wake of the coronavirus and then quickly making a turn for the better, real estate prices have continued to soar to new heights since 2020. That’s just the housing market, though. What about the other assets that make up the real estate industry?
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