Business / Finance
Engineer Gets 32 Months for Bitcoin Extortion Plot Against His Own Employer
Daniel Rhyne locked his company's IT administrators out of its network and demanded 20 BTC, then worth $750,000, to stop the shutdowns.
Crypto trading giant GSR's new vault business is a $100M bet on onchain credit
The firm is putting its own capital into stablecoin and tokenized gold vaults as institutional finance moves further onchain.
Chasing 100x tokens is game of ‘irrational exuberance,’ says Polymarket CEO
Some traders are looking for more predictable prediction market opportunities, rather than playing “hot potato” with the next 100x gem, according to Polymarket’s Shayne Coplan.
The Jaguar Type 01: a £150k gargantuan getaway vehicle utterly useless in the city
Too costly for most, too large for UK car parks and wheels bigger than a warlord’s pickup truck. But it does come in ‘London red’Jaguar targets young Americans with Type 01 EVThe …
Morning Minute: OKX Raises at $25B From Circle, Ripple, and StanChart
OKX raises more, $500M+ in crypto longs liquidated after a late evening selloff, and Abstract calls it quits.
Meet 10 finance leaders on Fortune’s Most Powerful Women Asia list
Finance chiefs at Huawei, ByteDance, and Sony are among the executives recognized in the 2026 ranking.
Swift blockchain ledger requires key internal layers, Taurus co-founder warns
Banks need their own permissioned ledger, wallet tools and smart-contract capabilities before they can use Swift’s tokenized-deposit network, Taurus’s Lamine Brahimi said.
Former Barclays traders have rate-rigging convictions quashed
Jay Merchant, Jonathan Mathew, Philippe Moryoussef, Alex Pabon, Colin Bermingham had their convictions overturned by the Court of Appeal.
Crypto card access doesn’t match global demand, Tangem says
Crypto card demand can be stronger where access is harder, Tangem says, as the company expands its self-custodial payment offering through Visa.
Here’s what bitcoin needs to break above $87,000
Your day-ahead look for Oct. 7, 2026
Royal Mail to cut up to 2,500 jobs amid restructure and fall in letter deliveries
Postal service says cuts will focus on head office and ‘support function roles’Business live – latest updatesRoyal Mail is to cut up to 2,500 jobs as the embattled company seeks t…
Tell us: are you affected by the 6% mortgage rate?
Will the mortgage rate rise change your plans to buy a house or move?The average cost of a five-year fixed-rate mortgage has hit the 6% barrier for the first time in three years.F…
Current price of oil as of October 7, 2026
When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
Live updates: Bitcoin slides under $84,000 as $550 million in bets get liquidated
Traders betting on higher prices took the brunt of the forced selling, while oil climbed on Iranian tanker attacks. Fed minutes are due later Wednesday.
Why Oura delayed its IPO
Oura, the smart ring maker, cited “uncertainty” as its reason for delaying its much-anticipated public offering.
Millionaire tax no more? Rightwing groups lead effort to repeal Washington state law
An initiative on November’s ballot aims to overturn the 9.9% tax on earnings above $1m – who’s winning the fight? Voters in Washington state will soon decide the fate of the state…
McDonald’s sued for alleged antitrust violations by using AI tool to determine pricing for franchises
Suit says AI tool allows independently owned franchises to exchange nonpublic price and sales informationMcDonald’s is facing a lawsuit in federal court over its alleged use of an…
Europol Warns Crypto Wallets Are 'Primary Risk' for Quantum Attacks
The EU police agency expects blockchains to adapt to the threat, while a second report weighs the risk of data stolen now and cracked later.
Royal Mail plans to cut 2,500 jobs
The postal service firm wants to cut head office and other non-frontline jobs by the end of 2027.
Bitcoin’s recovery stalls just short of rescuing its last underwater cohort
Yearly buyer cohorts and U.S. spot ETF investors offer a map of potential support and resistance as bitcoin retreats below $84,000.
Liquidations jump to $547 million as oil rally hits crypto market
Bitcoin fell below $84,000 as oil climbed on Iranian tanker attacks, while smaller tokens fell harder and liquidations rose to $547 million.
Trump-backed WLFI plans USD1 payments for online businesses
World Liberty Financial outlined plans to bring USD1 to major online platforms as Mesh announced a payments partnership scheduled to roll out this quarter.
AI is heading toward a cash-flow negative inflection point, and spending will slow in 2027, Wall Street thinks
Everything you need to know before you reach the office this morning.
P&R's two-pronged budget approach under fire
Critics of P&R say it shows there is no commitment to making savings within the States.