Mawson Infrastructure Group announced on Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin mining firm, on May 1, 2023, unveiled its plans to set up its miners at the new location by Q3 of this year, with an aim to raise the operation’s hashpower by 1 exahash per
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Top investors attending the annual Milken conference have warned against complacency following the rescue of First Republic, arguing the third seizure of a bank by US regulators since March threatens to constrain credit and worsen an economic slowdown. The seizure of First Republic and the rapid sale of the remains of the bank to JPMorgan
Liquid staking solutions such as Lido and Rocket Pool now have more total value locked (TVL) than decentralized exchanges (DEXs), making them the top category of DeFi protocols, according to data from crypto analytics platform DefiLlama. For the first time, the Liquid Staking category has surpassed DEXes in total value locked, making it the leading
Kroll Bond Rating Agency upgraded the state of New Jersey’s general obligation bonds to A-plus from A. The move Monday by KBRA followed upgrades from Moody’s Investor Service, S&P Global Ratings, and Fitch Ratings and was the fourth time in less than a month that a major rating agency raised the state’s credit rating. KBRA
Russian forces have suffered more than 20,000 fatalities in recent months as they battle to take the Ukrainian city of Bakhmut, according to a newly declassified estimate from the Biden administration. Overall there have been more than 100,000 Russian casualties, including the fatalities, since December, the White House said, a number that underscores the cost
Deloitte and PwC are giving extra coaching to their youngest UK staff after noticing recruits whose education was disrupted by lockdowns have weaker teamwork and communication skills than previous cohorts. Junior employees who spent part of their school or university years isolated from their peers have found it harder to adapt to the work environment,
Amid the collapse of the second, third, and fourth largest banks in American history, U.S. president Joe Biden reassured the public that the country’s banking system remains sturdy. However, the president also acknowledged the “threat by the speaker of the House to default on the national debt.” Biden Expresses Confidence in American Banking System Despite
Municipals were little changed Monday following the news of JPMorgan’s purchase of muni-laden First Republic Bank, while U.S. Treasury yields rose and equities were in the red to close the session. JPMorgan’s move injected a measure of certainty over the near-term fate of FRB’s $19.4 billion muni portfolio and the market itself. Triple-A yields were
Chicago hits the market this week with more than $1 billion of debt in three long-planned deals that will raise money to replace lead-lined water lines and other water and sewer projects and forward refund debt under the city’s Sales Tax Securitization Corp. The three transactions mark the final market outings under Mayor Lori Lightfoot
JPMorgan Chase & Co.’s purchase of First Republic Bank Monday brought some relief to municipal market participants worried that FRB’s sizable municipal portfolio would flood a market already acting cool toward a much smaller portfolio from the now-defunct Silicon Valley Bank. JPMorgan’s move injected a measure of certainty over the near-term fate of FRB’s $19.4
Maine has raised its tax revenue projections. The state legislature’s Revenue Forecasting Committee presented revised revenue projections to lawmakers on Friday, adding $233 million in revenue to the balance of the current fiscal year ending in June as well as a $71 million surplus expected for the $10 billion biennial budget passed at the end
The federal government’s draft Supplemental Environmental Impact Statement on Colorado River conditions isn’t likely to trigger significant rating changes, but it could spur the seven states that use the waterway to reach a consensus on additional supply cuts and the future of the watershed, S&P Global Ratings said. The federal government has encouraged the states
US financial regulators have recommended partly revamping American deposit insurance to increase coverage for day-to-day business accounts as a way to reduce the risk of bank runs, such as the ones that brought down Silicon Valley Bank and First Republic. The Federal Deposit Insurance Corporation said such a targeted increase would be more cost effective
In this article ETH= BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Bitcoin is under pressure as the Federal Reserve has indicated that rates could go higher than expected and after a major crypto-focused lender, Silvergate Capital, collapsed. Jonathan Raa | Nurphoto | Getty Images Cryptocurrencies took a dip on Monday to start the week and
These terms are more efficient than terms like “buy” and “sell” because they tell your position–your mindset on a particular stock or on the industry. Long: -Positive on the market -You can also be “long” on a particular stock: If you are long Nike, you’re expecting it to go up Short: -Negative on the market
Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 days, onchain fees have soared by over 153%, from a prior rate of $4.65 per transfer to a current average of $11.80 per transaction. The data highlights a substantial surge in the costs
Labour leader Sir Keir Starmer will on Tuesday face renewed pressure over his decision to appoint civil servant Sue Gray as his chief of staff, when ministers update parliament on their investigation into the matter. Gray, who led the inquiry into coronavirus lockdown parties in Downing Street and Whitehall, resigned from the levelling up department with
Jamie Dimon says the “mini-banking crisis is over.” JPMorgan Chase, the bank that he leads, prevailed in a weekend auction for the assets of First Republic Bank. FRB along with Silicon Valley Bank and Signature Bank had each built niche lending practices. These succumbed to the flight of uninsured deposits over the past two months,
Although the March 10 collapse of Silicon Valley Bank helped spark First Republic’s implosion on Sunday night, US regulators took a markedly different approach to cleaning up the mess this time around. When SVB failed in March, the Federal Deposit Insurance Corporation — the agency that manages US banking collapses — shut it down in
press release PRESS RELEASE. The rise of AI-generated art has created ethical concerns and challenges within the art community, as many artists perceive these tools as undermining their skills and exploiting their work for profit. Paysenger, a groundbreaking blockchain-based collaboration platform for content creators, fans, and brands, is poised to tackle these issues with its
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