Tag Archives: year

IRS seized $3.5B in crypto-related fraud money this year as illicit activity multiplies

The Internal Revenue Service’s Criminal Investigations Unit (IRS-CI) seized $3.5 billion from cryptocurrency-related fraud cases over the fiscal year of 2021, according to an annual report published by the agency, underscoring how the booming sector has also sparked a rise in the illicit use of crypto. According to the IRS-CI, 93% of the total money they seized this year came from crypto-related cases, the latest sign that fraudsters and scammers have found a way to leverage the soaring… Source link

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Lucid Air Named 2022 MotorTrend Car of the Year

Lucid’s first EV earns coveted award, recognizing Lucid Air’s unrivaled combination of efficiency, performance, and luxury with EV powertrain technology developed and manufactured entirely in-house – Lucid Air awarded MotorTrend’s Car of the Year against a formidable field of 24 competitors from major manufacturers – The win marks the first time that the initial product from a new automotive company has been awarded MotorTrend’s flagship Car of the Year award – Designed in Silicon Valley and… Source link

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Don’t expect relief from supply chain, inflation woes next year, either

Better grab those Oreos while you still can, and while they’re still relatively cheap. With global supply chains ensnared by bottlenecks, Mondelez International (MDLZ) expects next year to be nearly as bad as the current one. The snack giant’s CFO addressed the labor and truck shortages mentioned in Mondelez’s third-quarter earnings results — and came around to a dispiriting conclusion.  Although some economists had predicted shipping bottleneck relief could arrive by year’s end, “quite… Source link

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Code suggests Google’s folding Pixel will return to 12-megapixel camera next year

Google’s rumored foldable device could release next year with similar camera hardware to what older Pixel phones used prior to this year’s big Pixel 6 overhaul, 9to5Google reports. Reports about the device first emerged this summer, at which point it was expected to launch before the end of the year. Now the device, whose codename appears to have changed from “Passport” to “Pipit,” seems to be on track for a launch in 2022. These latest details have emerged thanks to code… Source link

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Robinhood users missed shiba inu’s 85-million-percent rally over the past year, with the token still unavailable to trade on the platform

The Shiba Inu breed is a muse in the crypto world. Getty Images Shiba inu has has seen astronomical gains over the last year, but Robinhood users have missed out. The meme coin is unlisted on the trading platform, but an online petition is aiming to change that status. Robinhood’s chief said the platform is waiting for more regulatory clarity on further coin listings. The price of the Shiba inu coin has sprinted up exponentially over the last 12 months but people who exclusively use Robinhood… Source link

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Bitcoin’s retreat from $66K may signal a whipsaw end to an ’emotional’ year

Bitcoin (BTC-USD) may finish 2021 defined by the same vertigo-inducing price action that took it from under $30,000 to a fresh record near $66,000 within the space of a few months, analysts say. On Thursday, investors booking profits in the wake of the successful launch of two Bitcoin futures-based exchange traded funds (ETFs) last week dragged the digital coin down by about 5% on the day. More new funds are expected to hit the market from issuers like VanEck, Galaxy Digital and Bitwise,… Source link

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‘Home prices will grow a further 16%’ by end of next year: Goldman forecast

If you thought home prices couldn’t go any higher, hold on to your hat: Goldman Sachs (GS) economists are forecasting even more price increases in the year ahead. “Our model now projects that home prices will grow a further 16% by the end of 2022,” wrote a Goldman Sachs team of economists led by Jan Hatzius in a recent note. “Of all the shortages afflicting the U.S. economy, the housing shortage might last the longest,” he said.  Home prices are currently up 20% year-over-year. The boom in… Source link

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Russian tech firm Yandex to test self-driving taxis in Moscow this year | The Mighty 790 KFGO

MOSCOW (Reuters) – Adventurous Muscovites may soon be able to travel around parts of Moscow in driverless taxis as Russian tech giant Yandex plans to start testing the autonomous vehicles in the city this year, the company said on Wednesday. Yandex, which operates a raft of services from online search to food delivery, has been testing self-driving technology for more than three years in Russia, Israel and the United States. Robotaxis will available through the company’s Yandex.Go… Source link

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