The CEO of crypto exchange Kraken, Jesse Powell, says U.S. regulators “let the bad guys get big and blow up because it serves their agenda.” The executive explained: “Bad guys operate with huge competitive advantages. They suck up users, revenue, and venture capital that would otherwise have gone to good guys.” Kraken’s CEO Has a
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The staking services offered by cryptocurrency exchange Coinbase are “fundamentally different” to what was offered by its peer exchange Kraken — which recently came under fire from the United States securities regulator — according to Coinbase’s head lawyer. Paul Grewal, Coinbase’s chief legal officer, made the comments Feb. 21 in his response to a shareholder
Solana Spaces will close down its two Solana (SOL)-themed, community-oriented retail stores in New York City and Miami at the end of the month, as the physical stores didn’t onboard as many users as initially anticipated. Solana Spaces tweeted the news on Feb. 21, sharing a note from founder Vibhu Norby explaining the reasons behind
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned that U.S. crypto regulation is “getting very, very aggressive.” Noting that regulators are now “regulating by enforcement, penalties, and massive fines,” O’Leary emphasized the importance of staying out of the way of the SEC, Chair Gary Gensler, and other regulators. Kevin O’Leary Shares Outlook for
Missing Chinese investment banker Bao Fan was preparing to move some of his fortune from China and Hong Kong to Singapore in the months leading up to his disappearance, according to four people with knowledge of his plans. The billionaire founder and chair of investment bank China Renaissance, who brokered some of China’s biggest tech
On Tuesday, all four major U.S. benchmark stock indexes fell as real estate data showed home sales dropped by 0.7% last month and Russian President Vladimir Putin suspended the nuclear arms control treaty with the United States. Additionally, the chief U.S. equity strategist at Morgan Stanley said the stock market is in a “death zone”
China and Russia agreed to oppose all forms of “unilateral bullying” and “promote democracy in international relations” during a meeting of Beijing’s top diplomat and Vladimir Putin’s security chief in Moscow on Tuesday, China’s state-run news service Xinhua said. The meeting between Wang Yi and Nikolai Patrushev came after the Chinese diplomat attended the Munich
In this article TOL CZR PANW COIN CSGP Follow your favorite stocksCREATE FREE ACCOUNT Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Palo Alto Networks — Shares of the software
As state governments across the country debate whether structural racism exists, whether it should be compensated for with reparations, or discussed in classrooms, a group of minority real estate professionals is about to hold its next conference addressing related homeownership and career issues in the last week of Black History Month. SHIBA Explained The National
Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest cryptocurrency exchange by trade volume, has increased its usd coin holdings by
The price of Ether (ETH) rallied 18% between Feb. 13 and Feb. 16 but has since been range trading near the $1,700 level. Despite the recent price improvement, Ether derivatives metrics remain neutral-to-bullish ponder the investors the tighter regulatory environment and the potential impact of Ethereum’s Shanghai upgrade. Investors’ biggest concern right now is regulation, especially
UK prime minister Rishi Sunak is exploring a 5 per cent pay rise for public sector workers to end an escalating wave of strikes after the Treasury was given an unexpected £30bn windfall. In a sign of a change of mood after months of strife, the Royal College of Nursing on Tuesday called off a
Bondholders, bond insurer Syncora Guarantee, bond trustee U.S. Bank National Association, and others launched new attacks on the Puerto Rico Oversight Board’s proposed Puerto Rico Electric Power Authority disclosure statement and plan of adjustment. These groups and a committee of claim assignees for National Public Finance Guarantee-insured PREPA bonds all objected to the plan’s superior
A bill introduced in California’s legislature would prohibit banks or lenders with business customers that manufacture firearms from working on the state’s public finances. Senate Bill 637, introduced Thursday by California Sen. Dave Min, D-Costa Mesa, applies to every aspect of the state’s public finances including municipal bonds, capital projects and the state’s debt portfolio,
Amid a housing market plagued by high mortgage rates and low inventory, home sales are ticking up and price declines are leveling off as buyers prepare for the spring sales season. But sellers have yet to join the fray — the number of homes for sale is the second-lowest on record — meaning stiff competition
Chancellor Jeremy Hunt woke up on Tuesday to much better UK public finances data than expected. Public borrowing remains high, but is £30bn lower than anticipated 10 months into the 2022-23 financial year. Improvements in the public finances are a double-edged sword for Hunt. He now has a £30bn windfall, according to data from the
A government review that gave the green light to Conservative anti-strike legislation has been condemned as “not fit for purpose” by an official panel of experts. The department for business on Tuesday published its “impact assessment” of the Strikes (Minimum Service Levels) bill. The measure, now going through parliament, is designed to curb the impact
According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics from exchanges, and cryptocurrency application download statistics gathered by BIS researchers suggest that most median retail crypto
Most mattress company executives would say they’re in the “sleep business,” but Jack Dell’Accio, founder and CEO of Essentia, says he’s in the wellness industry. That’s because Essentia approaches mattresses differently from other brands. They don’t make mattresses with springs or standard memory foam. Like many direct-to-consumer brands, they only have a few showrooms. What
Build America Bond subsidy payments are subject to federal budget sequestration, and public power agencies that floated the bonds are not eligible for refunds, the U.S. Court of Appeals for the Federal Circuit ruled Friday. The ruling stems from a three-year-old lawsuit brought against the United States by six Midwestern public power agencies, led by
Around the pandemic, a small corner of the business world had a Linda Evangelista moment. Except the supermodel came pretty cheap. Evangelista said in 1990 that elite catwalkers didn’t “wake up for less than $10,000 a day”. A small club of company bosses couldn’t rouse themselves without the chance of a future payout of £100mn.