Forbes

Cryptocurrency staking platform StakeHound has filed a lawsuit against crypto custodian Fireblocks, alleging that the latter was responsible for losing $75 million worth of Ethereum (CRYPTO: ETH). What Happened: According to documents obtained by Calcalist, the suit filed at the Tel Aviv District...

In March, an unsecured database belonging to CVS Health Corp (NYSE: CVS) containing more than 1 billion data points was mistakenly posted online. The database contained searches conducted on its websites for medications and COVID-19 vaccines, Forbes reported. The leak was first...

What Happened: Berkshire Hathaway Inc (NYSE: BRK-A), led by renowned investor and Bitcoin (CRYPTO: BTC) critic Warren Buffett, has invested $500 million in Brazilian digital bank Nubank. In an announcement on Tuesday, the company said that the capital would also be directed towards the company...

Calculating valuations for sports franchises can be difficult. Several media publications provide annual estimates for valuations of sports franchises based on media rights, revenue and operating income. The latest English Premier League valuations from Sportico show a publicly traded team might...

Former Ripple Chief Technology Officer and Co-founder Jed McCaleb sold about 275 million XRP (CRYPTO: XRP) this month. As of press time, McCaleb's wallet still contains over 348 million XRP, equivalent to about $328 million. What Happened: According to blockchain data available...

The Forbes Top 10 Highest Paid Athletes list had a record four $100 million earners for the period of May 1, 2020 to May 1, 2021. The previous three years contained three $100 million earners. The $1.05 billion earned by this year's top 10 was up 28% from last year's and came...

The week kicked off with a large SPAC deal announced on Sunday, bringing a new global sports betting and online casino company public. Several other SPAC deals were announced throughout the week along with a couple rumors that could be worth a watch this week. Benzinga's "SPACs Attack...

One of the oldest financial media companies is in talks to go public via a SPAC merger. What Happened: Business news company Forbes Media LLC is in talks to go public, according to Reuters. The company is reportedly fielding offers from SPACs and bidders including Borderless Services and a...

Bank of New York Mellon (NYSE: BK), one of the largest custody banks in the world, has invested in cryptocurrency custodian Fireblocks. What Happened: The strategic investment was part of a $133 million Series C venture capital fundraise led by Coatue, Ribbit, and Stripes. “Engineering...

A dedicated team of IRS criminal investigation professionals is now working on identifying taxpayers who have omitted to disclose income from cryptocurrency. What Happened: In a Federal Bar Association presentation, Damon Rowe, the Director of the Office of Fraud Enforcement at the Internal...

Mark Cuban weighs in on the recent crypto craze. What Happened: An investor, the Shark Tank host, and the Dallas Mavericks owner Mark Cuban has shared his thoughts on investing in crypto with his followers on Twitter, calling crypto trades a bubble “exactly like the internet stock” one...

In 2010, Carlos Slim became the first non-U.S. resident to top Forbes' list of the world's richest people in 16 years, knocking Bill Gates from the top of the list. About Carlos Slim: Forbes now ranks Slim as the 12th richest person in the world, with a net worth of $59.4 billion....

A piece in Forbes over the weekend profiled Henrik Fisker and Geeta Gupta-Fisker as the “Billionaire Couple Taking On Tesla.” What Happened: The piece from Forbes profiled the pair as the first husband-and-wife power couple in the auto industry. Henrik is the leader of Fisker Inc (NYSE...