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Tag: cryptocurrency

Stocks slated to rise for a second day as Dow futures add 100 points

NEW YORK / CNBC — Stock futures moved further into the green early Friday morning after major averages rebounded from a three-day losing streak in the last session, which was led by technology shares. Futures on the Dow Jones Industrial Average indicated an opening gain of about 101 points. S&P 500 futures increased by 0.3 percent and Nasdaq rising by 0.2 percent. Bitcoin, which shook markets with a 30 percent collapse earlier in the week, was stable for a second day around the $40,000 range. Major tech shares were set to continue their rebound. Tesla was higher by 2% in premarket...

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Scammers posing as Elon Musk are stealing from young investors, FTC says

CNBC — Scammers pretending to be Elon Musk have stolen at least $2 million from cryptocurrency investors over the past six months, the Federal Trade Commission said. Con artists are stealing from people in so-called “giveaway scams” where people pose as celebrities or known figures in the crypto-world. They promise to “multiply” the cryptocurrency that investors send — but pocket the crypto instead, CNBC reported. These crypto-scams have surged since October, hitting their highest level on record in the first quarter of 2021, according to FTC data. The timing line up with a...

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