Author: MNK News
Whole New Ballgame: Billionaire owner Steve Cohen is a lifelong Mets fan who vowed to bring a World Series back to Queens within five years. Daniel Shirey/MLB Photos via Getty Images The bidding war for the most sought-after free agent in baseball history included the usual suspects who have spent freely on superstars for decades—the New York Yankees, Los Angeles Dodgers and Boston Red Sox—but none could top Steve Cohen, the league’s new heavy hitter. The 68-year-old Cohen, whose estimated net worth of $21.3 billion is twice as large as any other Major League Baseball owner’s fortune, reportedly agreed Sunday…
Crypto finance service provider Bitcoin Suisse says the crypto bull market will continue in 2025, and projects that Ethereum staking exchange-traded funds could outperform Bitcoin. Bitcoin Suisse shared the forecast in its outlook for the next year, with key points including the U.S. adopting a Bitcoin (BTC) strategic reserve as other countries follow and BTC trading to an all-time high above $180’000. The Swiss-regulated crypto startup also foresees financial giants stepping up to unveil institutional rollups on Ethereum (ETH). However, one of its biggest projections for 2025 is that Ethereum-staking ETFs could surpass Bitcoin ETFs. “While Bitcoin ETFs shattered records…
Topline President-elect Donald Trump nominated Kari Lake to lead the government-funded news outlet Voice of America, Conair heir Leandro Rizzuto Jr. as ambassador to the Organization of American States and Silicon Valley China hawk Jacob Helberg for a key economic advisory role in the State Department, among a flurry of new appointments on Wednesday and Tuesday as Trump continues to fill out his cabinet. Arizona Republican U.S. Senate candidate Kari Lake speaks at her Election Eve Rally outside the … [+] Yavapai County Courthouse in Prescott, Arizona.Getty Images Key Facts Trump has chosen people for most Senate-confirmed Cabinet-level jobs, including…
A federal court has denied TikTok’s request for a temporary pause of a law that could result in a ban of the app next month. The ruling, which came in response to an emergency injunction filed by TikTok earlier this week, is the latest legal setback for the company as it tries to avoid a total ban of its app in the United States.In its request for a delay in the law taking effect, TikTok indicated that it planned to appeal to the Supreme Court. The company’s lawyers also cited the possibility that President-elect Donald Trump may want to take…
Actor Jamie Foxx credited God and the power of prayer for saving his life last year after he suffered a life-threatening stroke that landed him in the hospital, resulting in a long recovery journey. In his Netflix comedy special, Jamie Foxx: What Had Happened Was…, the Django Unchained star revealed the for the first time that he had suffered “a brain bleed that led to a stroke.” “God is good,” Foxx proclaimed in his special released on Tuesday, adding, “I’m glad to be here — a lot of people prayed to make sure I was here. Yes, and I appreciate every prayer.”…
Jeremy Allaire, cofounder and CEO of Circle.© 2023 Bloomberg Finance LP Circle and Binance have joined forces in a partnership deepening ties between USD Coin (USDC), a stablecoin with $41 billion in assets under management, and the world’s largest crypto exchange. The collaboration, announced today at Abu Dhabi Finance Week, isn’t about introducing USDC to the Binance exchange—where it’s already available—but expanding its role within Binance’s suite of trading products and services. This includes additional USDC trading pairs and special promotions on USDC across trading, according to CEO Richard Teng. Binance will also adopt the stablecoin for its corporate treasury…
Justin Sun-backed BiT Global has sued crypto exchange Coinbase for unfairly delisting WBTC to uplift a competing Bitcoin product. BiT Global launched a $1 billion lawsuit against Coinbase, alleging the U.S. crypto exchange illegally replaced its Wrapped Bitcoin (WBTC) product with a “knock-off” cbBTC token. Wrapped Bitcoin was the first tokenized Bitcoin (BTC) asset in crypto, allowing users trade BTC on networks like Ethereum. BitGo initially oversaw custody for WBTC since its January 2019 launch. However, BitGo announced a deal in August 2020 to share operations among three companies, including Sun’s BiT Global. The new deal reached, a subject of…
US Rep. Billy Long (R-MO) is seen with a fake US bill in his pocket reading “45” during a visit to the border wall near Pharr, Texas on June 30, 2021. (Photo by Sergio FLORES / AFP) (Photo by SERGIO FLORES/AFP via Getty Images)AFP via Getty Images President-elect Donald Trump announced he has tapped former Congressman Billy Long as Commissioner of the Internal Revenue Service (IRS), even though current IRS Commissioner Danny Werfel is serving a term that would normally run until late in 2027. Long does not have any formal training in tax, law, or accounting, does not have…
Amazon is planning a $1 million donation to president-elect Donald Trump’s inaugural fund, as founder Jeff Bezos and other tech leaders shore up ties with the incoming administration. The Wall Street Journal reports that the donation is being prepared as Jeff Bezos, Amazon’s executive chairman, is slated to visit Donald Trump next week at his private Mar-a-Lago club in Palm Beach, Florida, according to people familiar with the matter. Bezos and the company decided on the contribution earlier this week and communicated it to Trump’s team. “Bezos is donating through Amazon,” according to a person close to Bezos. In addition to…
The Federal Trade Commission (FTC) has seen an alarming rise in gamified job scams over the past year. The FTC says that reports of job scams have quadrupled each year since 2022 topping out at 20,000 reports at a cost of $41 million in total during the first six months of the year.Job or task scams often involve the scammer asking someone to do a relatively simple task online such as liking videos or rating product images in assigned sets using terms like “product boosting” or “app optimization,” according to the FTC. People are promised higher payments for completing a…