On a brisk night in November, a few dozen people huddled into a basement bookstore in Washington DC to hear Cal Newport opine on the state of technology, work and society at large. Newport, a 40-year-old MIT-trained computer scientist, spends much of his time researching distributed algorithm theory and teaching undergrads maths and theory as
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The argument over whether journalist Isabel Oakeshott was right to leak more than 100,000 WhatsApp messages given to her for the purposes of ghostwriting a memoir by the former health secretary and Tory MP Matt Hancock is, ostensibly, about the ethics of journalism. Those who defend Oakeshott argue that she has behaved as any decent
President Volodymyr Zelenskyy this week recommitted his forces to defending the eastern city of Bakhmut just as western officials and even some Ukrainian soldiers suggested it might be wiser to pull back. The battle for Bakhmut, raging for nine months, has become an attritional trap, with Russians and Ukrainians trying to deplete each other’s ranks
Joe Biden will release a multitrillion-dollar budget plan on Thursday, sharpening the contrast with Republicans on taxes, social programmes and defence ahead of looming fiscal battles and the likely launch of his re-election campaign. The annual proposal comes as the US president and White House officials increasingly see a clash of economic ideologies as a
On March 8, Coinbase announced the launch of its Wallet-as-a-Service (WaaS) product. The WaaS product aims to “bring the next hundred million consumers into Web3 through a seamless wallet-onboarding experience.” The Coinbase WaaS offers wallet infrastructure application programming interfaces (APIs) to companies, enabling them to build their own custom Web3 crypto wallets. Coinbase’s Wallet-as-a-Service Aims
Stablecoins and Ether (ETH) are commodities and should come under the purview of the United States Commodity Futures Trading Commission (CFTC), its chairman has again asserted at a recent Senate hearing. At the Mar. 8 Senate Agricultural hearing, CFTC chair, Rostin Behnam, was asked by Senator Kirsten Gillibrand about the differing views held by the
Six people involved in a cryptocurrency “Ponzi scheme” that raked in about $100 million over five years have pled guilty to a series of fraud and money laundering charges, each carrying a maximum sentence of 20 to 30 years of prison. One of the founders of “AirBit Club,” Pablo Renato Rodriguez, was the latest to
Britain’s top financial regulator, the Financial Conduct Authority (FCA), has widened its crackdown on unauthorized cryptocurrency ATMs. “There are currently no crypto ATM operators registered with the FCA, which they must be to operate legally,” the regulator noted. FCA Cracks Down on Illegal Crypto ATMs Britain’s top financial regulator, the Financial Conduct Authority (FCA), announced
Bitcoin mining firm Marathon Digital has paid off its term loan and terminated its credit facilities with crypto-friendly Silvergate Bank, just as the bank announced it will be winding down operations. Marathon announced on Mar. 8 that it had prepaid its outstanding loan balance earlier that day, and would be terminating the revolving line of
Nobel Prize winner Paul Krugman complained on Twitter Wednesday that he was experiencing issues with the centralized payment processor Venmo. His tweet was followed by a barrage of bitcoin supporters who insisted that Krugman was now realizing the importance of censorship-resistant payment systems. Krugman’s Experience Highlights the Growing Interest in Censorship-Resistant Payment Systems Nobel Prize
EY has “paused” its plan to split in two amid a fierce dispute over how much of its tax business should stay with the audit side of the firm. Julie Boland, the head of EY’s US business, who has been picked to run EY after it spins off its consulting arm, told partners on Wednesday
JPMorgan Chase is suing Jes Staley, a former top executive, in an attempt to make him liable for any penalties the US bank might have to pay if it is found to have facilitated Jeffrey Epstein’s sex trafficking crimes in two high-profile lawsuits. Staley, who is alleged in the lawsuits to have “personally observed” Epstein
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details of Silvergate’s Wind Down and Liquidation Plan Over the last six months, Silvergate Capital Corporation’s
In this article LDI MDB UBER FOSL SIVB Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | Lightrocket | Getty Images Check out the companies making headlines after the bell. Uber — The ride-sharing platform’s shares gained 2.5% after Bloomberg reported that the company is weighing a potential spinoff of its freight logistics unit. related
Britain is planning to tackle chronic shortages in the labour market by opening its doors to more foreign workers, starting with looser rules for the construction sector. While the priority for ministers is to tackle inactivity among the UK workforce, government officials acknowledge that will not be enough to fill the 1.2mn job vacancies and
Women have been part of the crypto space since its genesis, developing projects, communities and brands, as well as tackling many trenches that this emerging industry demands. Yet, they have been less involved in starting Web3 businesses. According to the Web3 Career Market report by crypto exchange KuCoin, 27% of female professionals in the field
Illinois expects another $575 million of general fund revenues in the current fiscal year as steady income and sales tax collections through February pushed worries over an economic slowdown and the impact of a potential recession further out on the horizon. The legislature’s non-partisan Commission on Forecasting and Accountability raised its estimate for revenues
Municipals were little changed in secondary trading Wednesday amid an active primary market with two billion-dollar deals priced, although details on one were not immediately available. U.S. Treasury yields were weaker in spots and equities ended mixed. The three-year muni-UST ratio was at 59%, the five-year at 61%, the 10-year at 66% and the 30-year
On March 7, onchain observers noticed that Vitalik Buterin, the co-founder of Ethereum, had allegedly sold billions and trillions of airdropped ERC20 tokens, resulting in a gain of an estimated $700,000 in value. The market liquidity of the airdropped tokens was shallow, and the relatively unknown ERC20 tokens plummeted in value after Buterin reportedly sold
EY has “paused” its plan to split in two amid a fierce dispute over how much of its tax business should stay with the audit side of the firm. Julie Boland, the head of EY’s US business, who has been picked to run EY after it spins off its consulting arm, told partners on a
In this week’s newsletter, read about how Yuga Labs’ first Bitcoin-based nonfungible tokens (NFTs) earned $16.5 million in 24 hours, and how the Bitcoin NFT market can reach $4.5 billion by 2025. Check out how Binance’s artificial intelligence NFT generator got 10,000 mints 2.5 hours after its launch, and find out how the Flare blockchain