Football is a simple game. Twenty-two players chase a ball for 90 minutes, and at the end the team with the highest wage bill wins. My version of Gary Lineker’s original line on the inevitability of German victory may be less witty than his, but it captures something of English football’s growing credibility crisis. The
Crypto exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to North Korea, according to blockchain analytics firm Elliptic. The firm noted that the stolen funds, which were dormant until recently, originated from the June 2022 hack of Harmony’s Horizon Bridge. North Korea-Linked Crypto Frozen by Binance and Huobi Blockchain analytics firm
As an all-out struggle for AI dominance breaks out in the tech industry, Wall Street has placed an early bet on who the biggest winners will be: the companies that make the weapons that will be used by all combatants. That means specifically, the advanced chips needed for “generative AI” systems such as the ChatGPT
I grew up hearing stories of life on the wards. My beloved great-aunt was a nurse in the era when there was camaraderie, heroic doctors, and everyone was scared of matron. No question of contracting out cleaning: you did it yourself, with matron hovering over you to check there wasn’t a smidgen of dust. Tea
Cryptocurrency investors funneled as much as $4.6 billion into crypto tokens suspected to be part of “pump and dump” schemes in 2022. A Feb. 16 report from blockchain analytics firm Chainalysis “analyzed all tokens launched” in 2022 on the BNB Smart Chain and Ethereum blockchains and found thatover 9,900 bore characteristics of a “pump and
Famous actor Keanu Reeves says dismissing crypto or criticizing its volatility will only “make it better in terms of how it’s safeguarded.” The Matrix star added that the principle and ideas behind an independent currency are “amazing.” Keanu Reeves Praises Crypto Famous actor Keanu Reeves talked about cryptocurrency in an interview with Wired, published Tuesday.
Only days after reports of United States regulatory scrutiny of Paxos and Binance USD (BUSD), cryptocurrency exchange Binance has minted nearly $50 million worth of TrueUSD (TUSD). The transaction took place on Feb. 16, according to data from Etherscan, and also comes two days after Binance CEO Chanpeng ‘CZ’ Zhao said in a Feb. 14
Galaxy Digital CEO Mike Novogratz says he wouldn’t be surprised if the price of bitcoin returns to $30,000 next month. “When I look at the price action, when I look at the excitement of the customers calling, the FOMO [fear of missing out] building up, it wouldn’t surprise me,” the executive shared. Bitcoin Could Return
When US short seller Nathan Anderson decided to take on Indian conglomerate Adani Group, he faced the ultimate challenge for someone in his line of business: India’s anti short selling rules. The founder of New York-based Hindenburg Research has not detailed how he structured his financial bet against the infrastructure group, which he has accused
Portugal has become the second EU country this week to scrap “golden visas” for wealthy non-Europeans, joining Ireland in abolishing a programme that helped pull in foreign investment but sparked controversy. António Costa, Portugal’s prime minister, said on Thursday that his government would stop issuing new golden visas in order to “fight against price speculation
The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asset securities fraud.” The securities watchdog insists that Kwon raised billions from investors by creating an “interconnected suite of crypto-asset securities,” many of which were involved in
DoorDash enjoyed an after-hours trading bounce after reporting stronger-than-expected earnings for last year’s fourth quarter, showing signs of healthy post-lockdown growth for the food delivery business. DoorDash, the market-leading food delivery group in the US, ahead of Uber Eats, grew its monthly active user base to 34mn, up 28 per cent on the same period
Bitcoin (BTC) price rallied over 12% on Feb. 15, marking the highest daily close in more than six months. Curiously, the movement happened while gold reached a 40-day low at $1,826, indicating some potential shift in investors’ risk assessment for cryptocurrencies. A stronger-than-expected U.S. inflation report on Feb. 14 showed consumer prices rising 5.6% year-on-year,
In this article TXRH MRNA AMAT DKNG DASH Follow your favorite stocksCREATE FREE ACCOUNT Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines in midday trading. DoorDash — The online food delivery platform’s shares jumped 7% after it reported a revenue beat and upbeat guidance. The company’s fourth-quarter revenue came in
The Pentagon’s top China official is to visit Taiwan in the coming days, a rare trip to the island by a senior US defence policymaker that comes as relations between Washington and Beijing are mired in crisis over a suspected Chinese spy balloon shot down two weeks ago. Michael Chase, deputy assistant secretary of defence
The chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has called for a comprehensive regulatory framework for cryptocurrencies. “Recent crypto meltdowns have made clear that we need a comprehensive framework to regulate crypto products to protect consumers and our financial system,” said the senator. US Lawmaker Wants Comprehensive Regulatory
The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted. Uzbekistan Updates Rules for Operations With Proceeds From Crypto Exchange Transactions The Central Bank of
The Georgia Ports Authority and the Army Corps of Engineers have signed an agreement to expand the Port of Brunswick, a move state officials said will help prepare the port for expansion. The agreement, announced Monday, clears the way for the Corps to begin dredging and widening certain sections of the port to accommodate larger
Municipals extended their sell-off Thursday, as the front end of the curve was hit the hardest. U.S. Treasuries were weaker, and equities ended in the red. Triple-A benchmarks were cut 13 to 17 basis points at the one-year, depending on the scale, pushing it to around 3%. Muni-UST ratios rose on the short end. The
Tesla is recalling nearly 363,000 of its electric cars because flaws in a version of its full self-driving software could cause crashes, according to a US government regulator. The recall covers certain Model S and Model X vehicles manufactured between 2016 and 2023, as well as Model Ys made since 2020. Tesla sold 1.3mn vehicles
US President Joe Biden plans to talk to Xi Jinping, his Chinese counterpart, to “get to the bottom” of the situation involving the suspected Chinese spy balloon that was shot down off the coast of South Carolina two weeks ago. Biden said he gave the order for a US fighter jet to shoot the balloon,