Russia is in the process of negotiating a free trade deal with India in order to substitute part of the products and investments that were banned by sanctions enacted after the Ukrainian conflict erupted. Russia is now the largest oil supplier of India, with the country taking advantage of the discounted Russian crude. Russia and
United States Senator Elizabeth Warren blamed the Bitcoin (BTC) mining industry for rising energy prices in American households based on unverified mainstream reporting. However, Crypto Twitter was not ready to let it slide and unanimously decided to clarify the disinformation. While Senator Warren has prominently spoken against the crypto ecosystem, the latest dig at Bitcoin
A court in Singapore has extended creditor protection for Babel Finance by another three months, Bloomberg reported on April 18. According to Babel co-founder and former CEO Flex Yang, the moratorium will now last until July 21, enabling the firm to pursue its restructuring plan via a new decentralized finance (DeFi) project known as Hope.
Chinese commodities rallied but equities failed to hold on to early gains after China reported better than expected growth in the first quarter alongside mixed readings elsewhere in the economy. China’s gross domestic product grew 4.5 per cent year on year in the first quarter, coming in well above analysts’ expectations of a 4 per
China’s first-quarter gross domestic product data showed an economy rebounding following one of its worst years for growth in decades after the country’s largest cities were locked down to stem a coronavirus outbreak and a global slowdown hit demand for exports. But while the figures indicated China was on track to meet or exceed its
Pressures in the UK labour market are starting to ease, but wage growth has not slowed as much as economists expected, according to official data released on Tuesday. Figures from the Office for National Statistics showed average wages in the private sector, excluding bonuses, were 6.9 per cent higher in the three months to February
A four-year-old video of United States Securities an Exchange Commission (SEC) chair Gary Genser giving praise to smart contract platform Algorand (ALGO) is circulating on Twitter following the SEC declaring ALGO is an unregistered security. In the video, Gensler referred to Algorand as a “great technology” while he was contemplating whether a “high performance” smart
TBD and the Africa-focused cryptocurrency exchange platform Yellow Card recently partnered to launch a fiat on and off-ramp that enables payments in some 16 African countries through Bitcoin rails. The objective of this arrangement is to make cross-border payments not only more affordable and accessible, but compliant as well. Hedging Against Inflation With BTC TBD,
The ETHGlobal Tokyo hackathon drew to a close on Sunday, as builders from around the world competed for $375,000 in prizes. The event was kicked off with the first-ever ETHGlobal “Pragma” summit, sponsored by Verse, among others. Engineers and representatives from Bitcoin.com also took part in the summit and hackathon, and shared their thoughts on
When the word “migrant” hits the headlines, it is often accompanied by the word “crisis”. But another story about migration is playing out, too — one in which countries are increasingly vying with one another to draw skilled workers to their shores. There has always been a global competition to lure the top scientists, computer
The barns and milking sheds of Takis Kazanas’s farm are dwarfed by the majestic mountains that overlook the Thessalian Plain. Cattle have been raised on this green expanse of land in northern Greece for millennia, but now regulators in Brussels are discussing rules that will lead to farms like his being treated as industrial plants,
China’s gross domestic product expanded 4.5 per cent year on year in the first quarter, as strong growth in exports and infrastructure investment as well as a rebound in retail consumption and property prices drove a recovery in the world’s second-largest economy. The official figure, which exceeded analyst expectations of a 4 per cent rise,
The Bitcoin (BTC) Lightning Network has integrated into the corporate email address of Michael Saylor, a Bitcoin bull and co-founder of business intelligence software firm MicroStrategy. In an April 17 tweet, the former chief executive of the firm shared a screenshot with his 3 million Twitter followers of a few transactions sent to “saylor@microstrategy.com” from
Jeremy Clarkson has become an unlikely hero after his turn in Clarkson’s Farm, which follows his hapless attempts to work the land on his Cotswold property. And not just to petrolheads or even beleaguered farmers, but to everyone who simply cannot get anything done. The TV host’s battle to operate a shop and open a
Countries from the Sub-Saharan Africa (SSA) region face a “big funding squeeze” which is forcing some of them to cut spending on health, education, and infrastructure. According to Abebe Aemro Selassie, people from the region are already “feeling the effects of the funding crisis.” The IMF says countries from the SSA region should also consider
The police service of the Canadian city of Calgary is launching a Cryptocurrency Investigations Centre in partnership with blockchain analytics firm Chainalysis to help combat crypto crime. The center “will enable law enforcement to tackle crime that takes place using blockchain technology,” Chainalysis described. Canada’s Cryptocurrency Investigations Centre The police service of Calgary, the largest
The UK government is failing to protect workers against the rapid adoption of artificial intelligence systems that will increasingly determine hiring and firing, pay and promotion, the Trades Union Congress warned on Tuesday. Rapid advances in “generative” AI systems such as ChatGPT, a program that can create content indistinguishable from human output, have fuelled concern
Corporate defaults around the world reached their most elevated level since December 2020 last month, jerked higher by the collapse of Silicon Valley Bank and Signature Bank. Fifteen Moody’s-rated corporate borrowers defaulted on their debt obligations in March, up from 12 in February and six in January, the agency said. That uptick took global defaults
Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), has issued her opinion on the recent attempts of the institution to change the definition of “exchange” under the Exchange Act Rule. According to Peirce, the institution is now expanding its reach to solve “problems that do not exist,” stifling innovation in the
According to statistics compiled by user @Henrystats on Dune Analytics, the number of accounts, or wallet addresses, for Ethereum layer-2 scaling solution Arbitrum (ARB) surpassed 5 million on Apr. 17. Aside from individual addresses, there are now more than four million active accounts in the ARB ecosystem with nearly 200 million transactions having been completed
Massachusetts’ House of Representatives overwhelmingly passed a $659 million tax cut package, handing off to the Senate one of the largest tax cut proposals in state history. In a 150–3 vote, the Democratic-majority House approved a $659 million proposal introduced by Rep. Ronald Mariano last week, a package in line with, but notably smaller, than