Revenue from pig butchering scams, where perpetrators cultivate relationships with individuals and convince them to participate in fraudulent schemes, increased nearly 40% in 2024 from the previous year, the firm estimated in a report published on Thursday. The company pointed to marketplaces that support pig butchering operations and the use of GenAI as factors making it easier and cheaper for scammers to expand operations. Indeed, GenAI technology could potentially "exponentially scale crypto scams", Chainalysis said.
GameStop stock pops after report company may invest in crypto
Gamestop shares rose in after-hours trading Thursday as speculation continues to build around the company using its cash reserves to buy bitcoin.
Tesla stock finds support, for now
It has been a wild week for Tesla's stock.
Michael Saylor says Bitcoin will be ‘unaffordable’, predicts $5 million BTC price
Michael Saylor predicts Bitcoin will reach $5 million, citing three major catalysts — a spot Bitcoin ETF, bank custody with lending, and fair value accounting for BTC on corporate balance sheets.
Russia's stock market had a fantastic day after Trump's cease-fire chat with Putin
The Moscow Exchange index surged the day after news emerged that Trump and Putin had spoken for more than an hour about the Ukraine war.
GameStop CEO Ryan Cohen fuels speculation retailer will invest its $4.6 billion cash pile in Bitcoin
Reportedly the games retailer is considering whether to invest some of the cash in its war chest to buy BTC coins, which have soared following Trump's November election.
Italy's Juventus shares rise after crypto firm Tether buys stake
MILAN (Reuters) -Shares in Italy's top-flight soccer club Juventus rallied on Friday, after cryptocurrency firm Tether said it had become a minority shareholder, without disclosing the size of its stake. Turin-based Juventus is controlled by Italy's Agnelli family through their investment company Exor, which holds a 64% stake in Italy's most successful club. The holding did not sell any shares to Tether, a spokesperson said.
AI Hype Supercharges Chinese Stocks to a Three-Year High
(Bloomberg) -- Chinese stocks in Hong Kong extended a recent rally as the nation’s growing capabilities in artificial intelligence boosted optimism over the market’s outlook, while a potentially momentous show of support for the private sector gave sentiment an extra lift. Most Read from BloombergProgressive Portland Plots a ComebackWhy American Mobility Ground to a HaltSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MaySaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterC
Wabtec’s earnings and outlook disappoint Wall Street
Locomotive builder Wabtec’s shares declined despite fourth-quarter revenue and profit increases. The post Wabtec’s earnings and outlook disappoint Wall Street appeared first on FreightWaves.
BlackRock ties Fink's pay to private market expansion
Top asset manager BlackRock said on Friday it has changed the way Chairman and CEO Larry Fink will be compensated to reflect the company's recent expansion into private markets, which Fink spearheaded last year. BlackRock, whose assets grew to $11.6 trillion last year, said in a U.S. Securities and Exchange Commission filing it has included "carried interest" in Fink's compensation, an executive incentive paid in the alternative asset management industry consisting of a share of the profits that funds generate.