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Founders Fund, the venture capital firm founded by billionaire Peter Thiel, is investing once again in bitcoin and ether, sources said, signaling Silicon Valley's renewed interest in cryptocurrency markets. From late summer to early fall last year, the fund invested $200 million to acquire crypto tokens, half in bitcoin and the other half in ether, the two largest crypto currencies, two sources with direct knowledge of the matter told Reuters. The previously unreported move by the prominent Silicon Valley venture capital firm underscores some institutional investors' return to token investments, once the hottest investment strategy before the crypto market crashed in 2022. The outsized bet marks a comeback for crypto markets, which suffered in 2022 after the collapse of crypto exchange FTX and other big players crushed prices, tarnished the industry and prompted a regulatory crackdown. In 2022, the price of bitcoin crashed to nearly $15,000, its lowest price s...

Best Buy is recalling nearly 1 million pressure cookers and separate inner pots due to a defect that can cause hot foods to spew out, posing burn hazards NEW YORK -- Best Buy is recalling nearly 1 million pressure cookers and separate inner pots due to a defect that can cause hot foods to spew out, posing burn hazards. The recalled pressure cookers, sold under the brand Insignia, have incorrect volume markings on their inner pots that can cause consumers to overfill them. As a result, hot food and liquids can be ejected from the device when it's vented or opened, according to a Thursday notice from the U.S. Consumer Product Safety Commission. To date, Best Buy has received 31 incident reports of the cookers ' contents being expelled under pressure , including 17 reports of burn injuries — some of which were second-degree and severe burns. The 930,000 Insignia Multi-Function Pressure Cookers and inner pots — which were sold separately as replacements — under recall were sol...