UK hopes of securing a quick deal to deepen digital trade ties with the US have run into the diplomatic sands amid growing resistance to such pacts in Washington, technology industry insiders have warned. The sector’s frustrations emerged as Prime Minister Rishi Sunak landed in Washington for a meeting with President Joe Biden at which
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Unfinished buildings, abandoned part way through construction, in Wuxi, China, on Tuesday, May 16, 2023. China’s economic recovery is losing momentum after an initial burst in consumer and business activity early in the year, prompting calls for more policy stimulus to bolster growth. Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images
The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows due to recent lawsuits by the United States securities regulator. Armstrong’s net worth was slashed by $289 million and Zhao’s by $1.33 billion within a span of 30 hours after the Securities Exchange Commission (SEC) sued Binance
Morgan Stanley rainmaker Rob Kindler is leaving to join elite law firm Paul, Weiss, Rifkind, Wharton & Garrison after 17 years with the Wall Street investment bank where he advised on some of the largest-ever corporate takeovers. Paul Weiss said Kindler was joining as a partner and would chair its mergers and acquisitions practice. He
What is Volatility? -The magnitude of the change -It is independent of direction, it refers to the change of ups and downs Why is it Important? -The more volatile the market is, the crazier it gets -Trends are harder to spot when they are more volatile -Swing trading becomes riskier -It is better to stick
The US securities regulator requested a temporary freeze on assets linked to Binance, the world’s largest cryptocurrency exchange, one day after it sued the company on more than a dozen charges. In a filing late on Tuesday, the Securities and Exchange Commission requested a temporary asset freeze on several Binance-linked entities, as well as repatriation
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UK Prime Minister Rishi Sunak will arrive in Washington on Wednesday pledging to build an “economic alliance” with the US to counter global threats, while trying to paper over trade tensions between the two sides. Downing Street admitted before the visit that Britain had given up on seeking a free trade deal with the US
The Optimism network has concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees, and enacting additional security features, according to an announcement from network developer OP Labs. The upgrade is part of a series of reforms the developer says will help create a “Superchain” of scaleable Web3 networks based on Optimism’s
The UK Cabinet Office will tell central government departments to remove all surveillance equipment made by Chinese companies including Dahua and Hikvision from sensitive sites in an attempt to limit potential intelligence-gathering by Beijing. Announcing the decision on Tuesday, the Cabinet Office said the government was “committing to publish a timeline for the removal of
In this article COIN GTLB THO HQY ZION KEY Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Here are the stocks making the biggest moves in midday trading on Tuesday, June 6. Coinbase —
Municipals were firmer in spots, while U.S. Treasuries were weaker on the front end of the curve and equities closed the session in the black. Triple-A benchmarks were bumped up to five basis points on the short end, depending on the scale, while UST yields rose up to four basis points 10 years and in.
House Republicans on Tuesday sharply criticized responses from the Federal Reserve and the Department of Treasury, taking the agencies to task for rate hikes that they said damaged the municipal and other markets, thwarted transparency, and cracked the banking system. The comments came during a House Financial Services Committee hearing on Tuesday. The discussions included
The owner of the Telegraph Media Group has been threatened with receivership by lender Lloyds Banking Group over a longstanding debt owed by the parent company controlled by the Barclay family. AlixPartners, the restructuring group, has been lined up to act as receivers of Press Acquisitions, which controls the Telegraph newspapers, if Lloyds decides to take
On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and Bitcoin. Technicals show that altcoins are at a crucial turning point between a positive and a negative breakout. Glassnode’s analysis of Uniswap and futures trading volumes reveals that the uptrend that began in the first quarter
Jay Olson has been named New York City deputy comptroller for public finance, Comptroller Brad Lander said Tuesday. He replaces Marjorie Henning who retired at the end of April. Olson, who has more than 20 years of experience in the city’s public finance market, was most recently senior assistant director at the Mayor’s Office of
Muni Pride, the first LGBTQ+ networking group for the municipal bond industry, has doubled in size over the past two years as it expands beyond California. The three San Francisco-based industry leaders who launched the organization in 2019 decided to rebrand from California Muni Pride to match the growing national reach of the group for
On June 6, decentralized finance (DeFi) lending platform Defactor Labs said that it tokenized $100 million worth of Alpha Bonds using the ERC-3643 token standard. The bonds, tokenized on the Polygon (MATIC) network, will be lent to small- and medium-sized enterprises using real-world assets, such as receivables, as collateral. Defactor Labs partnered with law firm
A rare Victorian-era home―its gas-lit heyday marked by white-glove soirees―has come to market in San Diego’s Bankers Hill district. The 1889 Queen Anne-style home, with its dome-topped tower, wraparound gingerbread porch, carriage house and impeccably maintained interior is priced at $6.485 million. “This is one of San Diego’s best,” says Bruce Coons, an architecture historian
Fresh off enacting a tax credit program tied to private school education, Oklahoma will directly fund a religious charter school — a move the state’s attorney general called unconstitutional and potentially costly for the state to defend. In a 3-2 vote Monday, the Oklahoma Statewide Virtual Charter School Board approved an application from the Roman
Venture capital firm Sequoia announced an impending split that will see the company break into three distinct partnerships serving the United States, China, and Asian markets separately. The move, announced on June 6, is intended to decentralize back office functions for the company. Citing increased global financial complexity and a growing brand confusion, per a