Alex Gluchowski, the co-founder and CEO of zkSync creator Matter Labs, has denied copy-pasting code from Polygon Zero, after the zero-knowledge scaling firm accused them of copying the code from their system without proper attribution. On Aug. 3, Polygon Zero published a long blog post saying they believe Matter Labs copied what they described as
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The Bank of Canada (BOC) reported a decline in the ownership of Bitcoin (BTC) and cryptocurrencies in the country last year as neither market conditions nor regulations sided in the favor of Canadian crypto investors, according to a BOC study published last week. The annual Bitcoin Omnibus Survey (BTCOS) conducted by the Canadian central bank
AP Møller-Maersk has warned that a contraction in global trade will prove longer and deeper than the container shipping giant had feared, as companies cut their inventories in the face of recession risks in Europe and the US. The Danish shipping and logistics group said on Friday that global container demand — regarded as a
European stocks edged higher on Friday, as a sell-off in bond markets abated and investors welcomed forecast-beating results from Amazon, before turning attention to the closely watched US jobs report for clues on how the world’s largest economy held up under rising borrowing costs. Europe’s region-wide Stoxx 600 Europe index was up 0.1 per cent
Bitcoin (BTC) has not yet seen the majority of its gains this cycle, one popular trader believes. In a tweet on Aug. 3, Credible Crypto doubled down on his bullish BTC price thesis. Credible Crypto: Bitcoin still to see “biggest upside moves” After over a month of acting within a tight trading range, traders’ patience
Predictions that Bitcoin (BTC) will see a six-figure price by the end of next year continue to surface despite BTC price losing the $30,000 level in recent days. But for publicly-listed Bitcoin miners, in particular, a price north of $100,000 may be more of a necessity than a forecast if their business models are to remain profitable. Bitcoin
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday. At 10:30 yesterday morning I thought, for a shining moment, that I had at last managed to write a perfectly timed column. After warning in the morning’s letter that rising bond
United States President Joe Biden may have inadvertently become Bitcoin’s latest brand ambassador in a new “cringe” video advertising merchandise for his reelection campaign. On Aug. 3, President Biden tweeted: “A cup of Joe never tasted better” along with a video of himself drinking coffee from a mug. A cup of Joe never tasted better.
For tech investors, generative artificial intelligence has fuelled a powerful rally this year, helping pull the entire US stock market higher. While the sector’s companies have been only too willing to predict great things from the technology, one thing has been notably lacking: precise forecasts of exactly when generative AI will have an impact on
Hedge funds have lost more than $6bn this year betting against cruise lines and hotels after underestimating the resilience of US consumers. Cruise lines Royal Caribbean and Carnival are two of the 10 most heavily shorted companies in the S&P 500 but have confounded short sellers’ expectations by more than doubling in value so far
The writer is a former chief investment officer at Bridgewater Associates After outperforming peers for 12 out of the last 13 calendar years, could US equities dominate for another decade? At first glance, another 10 years with the US on top seem unlikely. History shows relative equity performance alternating between US and non-US equities. High
The writer was US deputy attorney-general under George HW Bush. Norman Eisen, White House special counsel in the Barack Obama administration, also contributed Tuesday’s indictment of Donald Trump is a turning point of enormous importance for the US — and for the global community of democracies. On January 6 2021, we witnessed the appalling culmination
Russia’s defence minister used a recent visit to Pyongyang to request an increase in North Korean arms supplies, the White House said on Thursday. Sergei Shoigu vowed to strengthen military ties with North Korea on a visit to mark the 70th anniversary of the Korean war armistice last week, during which he attended a military
The United States Securities and Exchange Commission (SEC) has been recently inundated with applications for Ether (ETH) futures exchange-traded funds (ETFs), with a grand total of 11 Ether-based filings being submitted in less than a week. The latest ProShares ETF application was filed on Aug. 3 and proposes an equal weight Bitcoin (BTC) and Ether
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Japan’s salary and benefits packages for expats remained the highest in Asia, a new report has found. The average expatriate package in Japan costs employers $370,183, according to “MyExpatriate Market Pay” survey by data company ECA International. That’s however 12% lower than last year, due to the weak Japanese yen, which has fallen 9% this
Shares in payment technology firm Block Inc. tumbled after hours despite its second-quarter results beating earnings expectations, including a 34% year-on-year increase in Bitcoin (BTC) revenue. In a Q2 earnings call, Block reported a whopping $2.4 billion in Bitcoin sales on its Cash App platform, with gross profit from Bitcoin sales coming in at $44
KKR is in advanced talks to buy US book publisher Simon & Schuster from Paramount for more than $1.6bn, said people familiar with the matter, which would settle the fate of the storied company after years of uncertainty. US regulators last year blocked a proposed merger of Penguin Random House and Simon & Schuster that
Japan abuse probe: A UN working group is to publish findings on Friday of an investigation into human rights abuses in Japanese workplaces. It is to include sexual harassment claims against the late Johnny Kitagawa, founder of country’s largest male talent agency, who denied such allegations. Julie Fujishima, president of the company and Kitigawa’s niece,
Donald Trump pleaded not guilty on Thursday during a first court appearance in the latest criminal case brought against him, in which the former US president is accused of attempting to overturn the results of the 2020 election. The hearing at federal court in downtown Washington came two days after the Department of Justice charged