Author: News Room

Rashawn Russell, a former investment banker, has been sentenced to 41 months in jail for wire fraud related to a cryptocurrency and access device fraud. Russell’s sentencing took place at the Eastern New York District Court in Brooklyn after his September 2023 guilty plea. Former Banker’s $1.5 Million Crypto Fraud Prosecutors detailed that Russell began soliciting investments in November 2020, targeting friends, former college classmates, and co-workers for his R3 Crypto Fund. He guaranteed some investors a 25% return and suggested to others that they could make up to 100%. Leveraging his background as a former investment banker and registered…

The Colorado Legislature sent a bill to the governor this week that seeks to limit children’s social media use by requiring, among other actions, a pop-up notification that informs young users of when they use a social media platform for an extended period of time. The bill is the latest state effort to regulate social media use amid widening fears that heavy usage is harmful for children. Democratic Gov. Jared Polis, who has previously voiced concerns over state regulation of social media, has not yet indicated whether he will sign the bill, and a spokeswoman said he was reviewing the final version sent…

Google Voice is a free internet telephone service that allows you to combine all your cellular services and forward calls to several devices at a time.Google Voice was launched in March 2009, after Google acquired the communications startup GrandCentral. Today, some 15 years later, Google Voice is part of Google Workspace, alongside other core services like Gmail, Google Calendar, Google Drive, and Google Meet.This internet telephone service remains free for almost all calls placed within the United States and Canada, with varying international rates. While you do have to have at least one existing phone line in order to use Google…

The flagship cryptocurrency Bitcoin ($BTC) has been seeing an influx of capital from whale wallets, which have been adding around $1 billion worth of BTC per day, according to data from the cryptocurrency’s blockchain. That’s according to the CEO of cryptocurrency analytics firm CryptoQuant, Ki Young Ju, who revealed on the microblogging platform X (formerly known as Twitter) that the robust accumulation suggests that these funds are “likely custody.” In his post, Young-Ju highlighted a parallel between Bitcoin’s current behavior and the market activity of mid-2020, before a bull run in 2021. During that period, Bitcoin’s price remained relatively stable,…

Bill Pruitt, a former producer on “The Apprentice,” describes the moment he says he heard former President Donald Trump use the N-word in a production meeting. CNN cannot independently verify his claims, and Trump’s campaign has flatly denied the allegations.

Direct File will be a permanent, free tax filing option—that’s the word from the U.S. Department of the Treasury and IRS. The announcement, which was made jointly by U.S. Secretary of the Treasury Janet L. Yellen and IRS Commissioner Danny Werfel, made clear that not only would the program be permanent, but it would be available to all 50 states and the District of Columbia for the 2025 filing season. However, not all taxpayers will benefit immediately. The pilot was limited to those with simple returns. Yellen acknowledged the challenges in rolling the program out to all taxpayers, saying, “over…

A Tesla investor accused Elon Musk of using insider information on his company to sell $7.5 billion worth of Tesla stock in 2022, according to a lawsuit filed Thursday in Delaware Chancery Court.The investor, Michael Perry, alleged in his suit that Musk knew Tesla would miss fourth-quarter expectations that year on vehicle deliveries and sold $7,530,113,926 worth of Tesla stock in November and December 2022 before the financial report was made public in January 2023.The suit alleged that Musk’s trades “would have netted him less than 55% of the amounts realized” had they been made after the quarter results were…

SHANGHAI (Reuters) – New home prices in China rose slightly for a ninth month in May, a private survey showed, driven higher by a slew of supportive steps to prop up the nation’s crisis-hit property sector. The average new home price across 100 cities rose 0.25% on month in May, following a 0.27% gain in April, the data from real estate researcher China Index Academy showed on Saturday. China’s property sector, a pillar of the economy, has lurched from one crisis to another since 2021 after a regulatory crackdown on high leverage among developers triggered a liquidity crisis. The government…

The landscape of cryptocurrency investments through Exchange Traded Funds (ETFs) continues to evolve with dynamic shifts, as indicated by recent data. An analysis of the latest trends reveals substantial movements within various Bitcoin-focused ETFs, showcasing their influence on market behavior and investor sentiment. Substantial Movements in Leading ETFs The data from May 31 illustrates significant activities across several prominent Bitcoin ETFs, reflecting the diverse strategies of asset managers and the fluctuating interest from investors. Fidelity’s Wise Origin Bitcoin Fund led the way, bolstering its holdings by 1,727 BTC, valued at approximately $116 million. This substantial addition brings Fidelity’s total Bitcoin…

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Donald Trump’s conviction by a New York jury on 34 felony counts is historic and unprecedented. No former president or major party presidential candidate has also been a felon. When CNN asked readers for their questions, a flood came in. Some of the more interesting and most-asked questions are below. And if there’s something we didn’t get to, ask us here. What are felons barred from doing? It varies by state. In New York, where Trump was convicted, there…