A former Tornado Cash developer claims to be building a new crypto mixing service that aims to solve a “critical flaw” of the sanctioned crypto mixer — which he hopes will convince U.S. regulators to reconsider its position on privacy mixers. The code of a new Ethereum-based mixer, “Privacy Pools,” was launched on GitHub on
Billionaire Mark Mobius, founder of Mobius Capital Partners, says he cannot take his money out of HSBC in Shanghai, China. Citing severe capital control by the Chinese government, he stressed: “It’s crazy … They’re putting all kinds of barriers.” Mark Mobius Has Trouble Getting His Money Out of HSBC in China The founder of Mobius
When the UK suggested making board directors responsible for signing off internal controls over financial reporting, the reaction was furious. This was business unfriendly, City grandees thundered, it would deter good people from joining boards and bog down directors in bureaucracy. The proposal was modelled on the US Sarbanes-Oxley rules, which function perfectly well in
Thousands of developers, hackers, and crypto and blockchain enthusiasts descended upon Denver, Colorado in the United States for the ETHDenver conference from Feb. 24 to Mar. 5. With accommodation a limited resource in the Colorado capital city, many opted to seek refuge from the crowds and tight quarters at “hacker houses” — where sleep is
Latam merchants will be slower in adopting cryptocurrency payments compared to merchants in other regions, according to the latest payments survey conducted by Ripple and the Faster Payments Council. The survey, which polled close to 300 payment leaders at a worldwide level, suggests that massive crypto adoption for payments will solidify in three years. Ripple
The hopeful optimism of Bitcoin (BTC) traders seemed to dissipate in the first week of March as key on-chain metrics provided resistance. Now Bitcoin is threatening a retest of the $22,000 level, and a wave of short sellers would stand to profit if that occurred. If the short sellers’ strike price hits, some analysts believe
In this article KEY NSC WW Follow your favorite stocksCREATE FREE ACCOUNT Source: Weight Watchers Check out the companies making headlines after hours. WW International — Shares jumped more than 6% after WW International, also known as WeightWatchers, said it’s acquiring Sequence, a subscription telehealth platform with a focus on chronic weight management, for a
Labour is to review the UK business tax regime as part of efforts to make Britain the fastest-growing economy in the G7, shadow chancellor Rachel Reeves will announce on Tuesday. Reeves, giving a speech in London to the annual conference of Make UK, the trade body for Britain’s manufacturers, will say the review is intended
The United States equities markets are trying to extend their recovery at the start of the new week. One of the reasons that could be boosting investor confidence is that the yield on the benchmark 10-year note has slipped further to 3.924%. However, the bullish sentiment of the equities markets has not rubbed off on
Terawulf, a bitcoin mining operation, has announced that it has energized the first nuclear-powered bitcoin mining facility in the United States at the company’s Nautilus Facility in Pennsylvania. According to the company, approximately 1 exahash per second (EH/s) or close to 8,000 application-specific integrated circuit (ASIC) bitcoin miners are now online, and another 8,000 mining
Economic indicators did little to move fixed-income Monday as municipals were slightly firmer to start off the week, while U.S. Treasuries were a little weaker. Equities ended mixed. Tuesday and Wednesday will bring testimony from Federal Reserve Board Chair Jerome Powell and Friday will see the release of the February employment report. The market will
Iowa-based UnityPoint Health and New Mexico-based Presbyterian Healthcare Services are exploring a merger that would create a system with $10 billion in revenues. The two signed a letter of intent to consider merging last week. Both systems will now pursue a deeper evaluation that could lead to a definitive agreement and regulatory approvals. Each would
Unsteady leadership has challenged the financial stability of Wellfleet, Massachusetts, according to a state review of the town’s financial management that was recently made public. High turnover rates in key government positions over the last decade left the Cape Cod town of 4,035 without sustainable revenue streams and in need of fundamental reforms, the Division
Chinese companies are flocking to Switzerland to raise capital after being discouraged from listing in the US by geopolitical tensions and in Britain by tougher audit standards. Nine Chinese companies floated in Zurich last year, raising $3.2bn in the European country, according to SIX, the operator of the Swiss stock market. That far outstrips the
The UK’s most senior civil servant is considering an early departure from his role after leaked WhatsApp messages that have infuriated Conservative MPs. Simon Case, cabinet secretary, has told friends that he is “genuinely undecided” between trying to guide the civil service through a general election next year and resigning this year to give his
U.S. District Court Judge Laura Taylor Swain voided a 2022 Puerto Rico labor law, a win for the Puerto Rico Oversight Board, and perhaps an important precedent, according to an analyst. The law, Act 41, does not comply with the Puerto Rico Oversight, Management and Economic Stability Act because it was not submitted to the
The fiscal pounding hospitals took last year from labor and other pressures nearly erased the fiscal 2021 recovery for hospitals operating margins that have June 30 fiscal year ends, with the full and bleaker accounting of last year’s strains still to come, Fitch Ratings said. The not-for-profit hospital sector’s bruising margin wounds last year are well known
Turmoil continues at an Idaho community college district where management dysfunction was a major factor in a February downgrade. A Kootenai County district judge ordered North Idaho College trustees to reinstate Nick Swayne, the college president they had placed on administrative leave in December. Tumult that put its accreditation in jeopardy was cited when Moody’s
The price of Ethereum’s native token, Ether (ETH), has recovered 78% since June 2022. But this doesn’t guarantee further upside, particularly with declining trading volumes suggesting that the risk of a major correction is high. Ether volume profile drops 90% since March 2020 A “volume profile” indicator displays trading activity across prices, with the blue
The Rollkit development team has announced that Bitcoin has been integrated as a means for sovereign rollups to store and retrieve data. The developers have stated that it is now possible to run the Ethereum Virtual Machine (EVM) on Bitcoin as a sovereign rollup. However, some Ethereum proponents have expressed dissatisfaction with the technology being
Legislatures in 32 states so far this year have introduced more than 150 transportation funding-related measures, with more expected as legislatures in all 50 states settle into their sessions. That’s according to the January and February roundup of state bills by the American Road & Transportation Builders Association, which tracks transportation-related bills monthly through its