The Puerto Rico Oversight Board received some support in its battle over discovery with Puerto Rico Electric Power Authority bondholders, but the court has yet to weigh in. Puerto Rico’s Fiscal Agency and Financial Advisory Authority filed a joinder Thursday, supporting the board’s position on discovery. “There will be a time and place to bring
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Lawmakers in Massachusetts are considering legislation to establish a “baby bond” program, an effort proponents believe will help address racial wealth disparities. Following nearly a year of work by the office of State Treasurer Deborah Goldberg in researching potential plans the bill was submitted to state lawmakers this week. “Baby Bonds is a proactive approach
Software engineers and members of the development lab Ripplex want to create a cross-chain bridge for the XRPL network to bolster cross-chain transfers between different blockchain networks. According to a recent Github draft, the proposal outlines how the cross-chain bridge could function and suggests ways to prevent transaction replay. Ripplex Dev Proposes XRPL Cross-Chain Bridge
Bitcoin’s (BTC) 16% price gain between Feb. 13 and Feb. 16 practically extinguished the bears’ expectation for a monthly options expiry below $21,500. As a result of the abrupt rally, these bearish bets are unlikely to pay off, especially since the expiry occurs on Feb. 24. However, bulls were not counting on the strong price
JPMorgan Chase CEO Jamie Dimon said Thursday that containing inflation remains a work in progress for the Federal Reserve, while noting the U.S. economy continues to show signs of strength. “I have all the respect for [Fed Chair Jerome] Powell, but the fact is we lost a little bit of control of inflation,” Dimon said
A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole nearly $18,000 in electricity to power the crypto mining scheme. Former Cohasset School Employee Faces Charges for Electricity Theft in School
The price action of Optimism (OP) and Fantom (FTM) tokens have been quite identical since the last quarter of 2022. The difference is, volatility is slightly higher for OP, which surged 240% year-to-date, compared to the 180% gains seen in FTM. The Fantom Foundation has made several improvements since Q4 2022, which have catalyzed an
The White House is narrowing its search for a nominee to become the next Federal Reserve vice chair, intending to swiftly replace Lael Brainard, who became President Joe Biden’s top economic adviser this week. A top tier of candidates is taking shape led by Harvard University professor Karen Dynan and Northwestern University professor Janice Eberly,
Transit systems around the country have experienced a sputtering recovery from COVID-19, but the state of two large California agencies underscores how much the funding structure they had in place before the pandemic affects their fiscal recovery. Before the pandemic, the San Francisco Bay Area Rapid Transit System, which runs 131 miles of rail service
In this week’s episode of Market Talks, Cointelegraph welcomes Brenda Gentry, or as she’s known on Twitter, Cryptomom. Gentry has over 15 years of experience in traditional banking. She started researching and investing in cryptocurrencies during the 2020 lockdowns and made substantial returns in 2021 after which she launched Gentry Media Productions. She is currently on a
In this article MOS EBAY DPZ Follow your favorite stocksCREATE FREE ACCOUNT Lucid Air Courtesy: Lucid Motors Check out the companies making headlines in midday trading. Nvidia — The chip stock spiked 12% after Nvidia topped expectations on the top and bottom lines in its most recent quarter. Wall Street analysts approved of the results,
US prosecutors have widened their criminal case against Sam Bankman-Fried, adding new charges and detailing a “series of systems and schemes” through which they allege the FTX founder siphoned off billions of dollars from customer deposits. The updated indictment, released on Thursday morning, added charges including securities fraud and conspiracy to commit bank fraud. That
An anonymous Ethereum investor has lost more than $2 million trading Ether (ETH) since Sep. 9, 2022, on-chain data shows. Buying Ethereum high, selling low Spotted by on-chain monitoring resource Lookonchain, the “stupid money” trader spent $12.5 million in stablecoins to buy 7,135 ETH after it rallied 10% to $1,790 in September 2022. But a
Teaching cryptocurrency to children can be a great way to introduce them to the world of finance and technology. Here are some interactive ways one can utilize to teach cryptocurrency to children: Start with the basics and use analogies Start by defining and describing the nature of money. Inform your kids about the various types of
A municipal fintech platform for asset management firms, banks, insurance companies, and municipal advisors is being developed by Assured Guaranty’s new subsidiary, AG Analytics. The platform intends to deliver best-in-class technology and turnkey solutions to replace fragmented data resources used by municipal asset managers, analysts and other market participants. “Many asset managers are using too
According to statistics recorded this week on Tuesday and Wednesday, the layer two scaling project Arbitrum’s transaction count has surpassed Ethereum’s. On Wednesday, Arbitrum processed 1,090,510 transactions, compared to Ethereum’s 1,080,839 transfer count. L2 Scaling Solution Arbitrum’s Daily Transfers Skyrocket Layer two (L2) scaling networks have become popular over the last two years as secondary
Humza Yousaf launched his bid to be leader of Scotland’s governing Scottish National party in the town of Clydebank, where his Pakistani late grandfather settled in the early 1960s with hopes of a better life but “barely a word of English”. “I don’t think he could have imagined, in his wildest dreams, that his grandson
Should books be sanitised? And is it even possible to rewrite sections of text while remaining true to the author’s style and intentions? The debate over whether to retrofit historic literature, especially children’s books, for modern readers is not new — but it was reignited this week with The Daily Telegraph’s revelations that several of
Joe Biden has nominated former Mastercard chief executive Ajay Banga as World Bank president, picking a Wall Street veteran raised in India to oversee the institution’s biggest mission change in a generation. Banga’s nomination, a week after sitting president David Malpass abruptly resigned, comes as the US and other shareholder nations seek to expand the
Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The charges include operating an unlicensed money transfer business and conspiring to commit bank fraud. SBF Gets 4 New Charges Tacked Onto His Indictment The former CEO of FTX was originally indicted 72 days ago
On Feb 23, crypto exchange Coinbase announced the launch of Base — an Ethereum layer-2 network. The company claimed that this new network will offer a low-cost, secure, developer-friendly environment for building decentralized apps (DApps) on the blockchain. According to Coinbase, Base is designed to be a bridge for users into the crypto economy, offering