Portrait of a 29-year-old billionaire: Can Sam Bankman-Fried make his risky crypto business work?

    Roger Parloff for Yahoo Finance “I hope to never be as wrong as I was in that conversation,” says Adam Yedidia. He is reflecting on a chat he had with Sam Bankman-Fried, his close friend and former MIT classmate, in fall 2017. Bankman-Fried was then inviting Yedidia to join him in launching a trading firm…

    Bitcoin jumped above $39,000 after Musk said Tesla might accept it again

    Bitcoin jumped above $39,000 in the last 24 hours after Elon Musk said Sunday Tesla Inc could accept Bitcoin again in the future. According to Coinbase, Bitcoin’s price surged to $39,095 (9% up) at the start of Sunday trading. Before, Tesla CEO Elon Musk clarified in response to a tweet of Cointelegraph, one of the…

    Bitcoin’s price falls after China blocked popular cryptocurrency-related social media accounts

    Bitcoin and most top cryptocurrencies continued their fall on Sunday amid investor concerns over Chinese regulatory risks. As China has blocked several cryptocurrency-related accounts on Weibo, a popular Twitter-like platform, this weekend, Goldman Sachs Group Inc.’s report warns that institutional adoption of the crypto industry may be a long process. The world’s largest cryptocurrency declined…