Monthly Archives: November 2022

Chinese-made drones are flying in restricted DC airspace, sparking new spying fears in the nation’s capital

A sign reading “No Drone Zone” is placed on a security fence at the National Mall in Washington, DC. JEWEL SAMAD/AFP via Getty Images There are rising concerns in DC about the potential for recreational Chinese-made drones to be used for spying. Congressional lawmakers have received classified briefings from US agencies on these concerns, per…

Billionaire bitcoin bull Mike Novogratz says crypto should and will be regulated and the FTX disaster has created a ‘deficit of trust’ in the whole industry

Mike Novogratz speaks at the SALT conference in 2015 Reuters/Rick Wilking The FTX disaster has created a “deficit of trust” in crypto, according to bitcoin bull Mike Novogratz. The industry should and will get regulated he said, pointing to the fallout of Sam Bankman-Fried’s crypto exchange. But while investors are being rocked by this bout…

El Salvador is moving toward raising $1 billion in bonds backed by bitcoin by broadening its bet on crypto

El Salvador’s President Nayib Bukele spoke at the Latin Bitcoin conference in El Salvador on November 20, 2021. MARVIN RECINOS/AFP via Getty Images   El Salvador is making moves that could lead the country to raise $1 billion in bitcoin-backed bonds.  The economy minister submitted a bill that seeks to broaden the legal framework to…

The best time to use your frequent-flyer miles on travel, and how to make them go further

One way to ease the blow of holiday travel to your wallet is to use frequent-flyer miles. By Ian Schofield / Shutterstock Booking with frequent-flyer miles is a great way to save money on holiday travel. However, some airlines require many more points for flights to and from the same destinations. Two economists say booking…

Oil drops 4% as the EU considers capping Russian oil prices between $65-$70, with the bloc split on the potential move

Suriyapong Thongsawang Oil prices fell Wednesday following reports the European Union is thinking about capping Russian oil prices at $65-$70 a barrel.  The Group of Seven nations has been working on a price cap since Russia’s invasion of Ukraine.  But several EU diplomats said the proposed range was too high, Bloomberg reported.  Oil prices retreated…

Microsoft: ‘Sony has more exclusive games … many of which are better quality’

Sony has more exclusive games than Xbox does, according to Microsoft, which claims that many of its rival’s first-party titles “are better quality.” Lest you believe Microsoft is dunking on its own game studios for no reason, the company made the assertion in a filing with the UK’s Competition and Markets Authority (CMA), which is…

How Theranos founder Elizabeth Holmes was sentenced to 11 years in prison

More than seven years after the first Wall Street Journal story about problems with Theranos’ blood tests, its founder, Elizabeth Holmes, was sentenced to over a decade in prison for defrauding the company’s investors. She had been found guilty on four counts of fraud during a months-long trial where her lawyers argued that she was…