The market cap of new memecoin Pepe (PEPE) has fallen $1.1 billion from its May 6 peak, though on-chain data shows it’s still being bought by some crypto whales. Over the last five days, the price of the memecoin has plummeted more than 56% falling from a peak of $0.00000431 to $0.00000193, according to CoinGecko.
UK house prices are falling less sharply as sales pessimism eases, according to a survey of estate agents that suggests the property market is stabilising following the recent surge in mortgage costs. The Royal Institution of Chartered Surveyors said on Thursday that its house price balance, which measures the difference between the percentage of surveyors
Economist Peter Schiff expects a lot more banks to fail, warning that “nobody’s money is safe in any bank.” He stressed: “When the Fed sets interest rates too low and prints a lot of money … it unleashes massive inflation, creates tremendous economic imbalances that result in financial crises and depressions when the bubbles burst.”
The US has for the first time transferred seized assets from a sanctions-hit Russian oligarch to send to Ukraine for the reconstruction of the war-ravaged country. The authorisation came on Wednesday from attorney-general Merrick Garland, who said additional moves of this kind would be forthcoming. “While this represents the United States’ first transfer of forfeited
A major sticking point in the Puerto Rico Electric Power Authority bankruptcy is the discrepancy over the size of bondholders’ claim, with the Oversight Board and bond parties $6.5 billion apart. The board, in a filing Tuesday, placed the value at 24% of principal and pre-petition interest due at time of the bankruptcy petition in
In this article SONO U HOOD GRPN DIS Follow your favorite stocksCREATE FREE ACCOUNT Robyn Beck | Afp | Getty Images Check out the companies making headlines in extended trading. Disney — Shares fell 4.7% after the company reported mixed fiscal second quarter results. Earnings came in line with estimates, while revenue slightly beat analysts’
Authorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, local media reported. Despite the government’s crackdown, illegal crypto mining continues to account for a serious amount of energy consumption, official figures suggest. Illegal Crypto Miners in Iran Steal 1.8 Billion kWh of Electricity, Official Says
You may have heard of the term “short squeeze” in the past – but didn’t know what it meant. I’m here to tell you what it is and how you can capitalize and profit from a short squeeze. What is a short squeeze? There are two players in the market. There are the “longs” and
More than $1bn of EU exports targeted by sanctions have disappeared in transit to Russia’s economic partners, a flow of “ghost trade” that western officials believe has helped sustain Vladimir Putin’s wartime economy. Public data analysed by the Financial Times found that only about half of a $2bn sample of controlled “dual use” items shipped
Ministers are drawing up plans to stop family members from joining overseas master’s students at British universities, as Rishi Sunak braces himself for figures showing record net migration to the UK. The Conservatives promised at the 2019 general election that “overall numbers will come down” but official data due this month is expected to instead
press release PRESS RELEASE. May 10 2023 Victoria, Seychelles – Bitget, the top derivatives and copy trading platform, has announced the listing of the ORDI token in the newly launched BRC-20 zone and has also revealed plans to bring other promising BRC-20 tokens to its platform. In addition to ORDI, Bitget has also announced a
Municipals were largely unchanged as the market digested another larger primary slate while U.S. Treasuries rallied after the release of economic data showed inflation has eased. Equities ended mixed. The Dormitory Authority of the State of New York priced and repriced its $1 billion-plus school revenue bond deal for institutions with yields falling on the
Republican US congressman George Santos has been charged by federal prosecutors with fraud, money laundering, theft of public funds and making false statements to the House of Representatives. The 34-year-old appeared in a court on New York’s Long Island on Wednesday afternoon, where he pleaded not guilty to a 13-count indictment and was released on
After a brief overshoot above $2,000 on May 6, the Ether price has returned to a tight range between $1,820 and $1,950, which has been the norm for the past three weeks. According to the latest Ether (ETH) futures and options data, odds favor the Ether price breaking below the $1,820 support, as professional traders have
Payments behemoth Paypal has disclosed in a Form 10-Q financial report filed with the U.S. Securities and Exchange Commission (SEC) that it is holding nearly $1 billion in cryptocurrency assets. This news comes on the heels of Paypal’s announcement that Venmo now facilitates external transfers of cryptocurrencies to wallets and exchange platforms. Paypal’s Crypto Holdings
Municipalities looking to access federal funding for expanding broadband access face a maze of one hundred programs administered through fifteen federal agencies. The persistent challenges were revealed during testimony Wednesday during the House Energy and Commerce Committee hearing that explored what’s happening to $100 billion being spent on broadband access while 24 million Americans households don’t
Financial advisory professional Jill Jaworski is the frontrunner for the chief financial officer post in Chicago Mayor-elect Brandon Johnson’s administration that will take office Monday. Jaworski, a Chicago-based managing director at the top-ranked financial advisory firm PFM Financial Advisors LLC, is the frontrunner among a shortlisted group of candidates under consideration for the post, according
Washington Gov. Jay Inslee signed into law a bill that expands the eligible uses of a tax increment financing program to spur infrastructure and economic development projects in the state. Tax increment financing is a tool for local governments to encourage private development and investment by tapping the increase in assessed property values that results
The Securities and Exchange Commission will introduce two rule proposals designed to help address the huge complexities and major concerns around the Financial Data Transparency Act that the municipal finance community has expressed since its passage. That’s according to Mary Simpkins, senior special counsel at the SEC’s Office of Municipal Securities, speaking at the SEC’s
More than 2,500 EU-derived regulations are set to remain on the UK statute book beyond the end of this year, the government has announced, in a climbdown welcomed by business groups but criticised by Tory Brexiters. Kemi Badenoch, the UK trade secretary, confirmed that the “sunset” clause in the Retained EU Law Bill, which mandated
Google has launched a revamped search engine powered by artificial intelligence, as it rushes to make up lost ground in the race to bring powerful new language models to the internet search business. The US tech group on Wednesday unveiled an overhaul of its search engine to incorporate AI advances that have been sweeping through