A crackdown by the United States securities regulator on crypto staking could have unintended consequences for decentralized finance, according to the head of business development at Lido DAO. Jacob Blish — who leads business development at Lido’s decentralized autonomous organization — told Bloomberg in a Feb. 13 report that the most significant risk would be if the SEC
What’s the best language through which to understand the complex events of the world today? Is it economic? Political? Cultural? I’ve begun to think it might be psychological. Psychologists (at least many of those I know) tend to divide the world up into two types of personalities: paranoids, who operate as if they are always
Umm Anwar fled Syria for a new life in the southern Turkish city of Gaziantep. When, early last Monday, the rundown apartment block she now calls home began to shake uncontrollably, she found herself jolted back to her previous life. “I felt like I was back in Syria under the bombs,” said the mother of
One of the UK pension industry’s biggest asset managers abandoned mark-to-market pricing on funds reeling from the country’s government bond crisis last year, instead choosing higher values that presented a rosier picture of its position. The highly unusual and previously unreported move by Insight Investment came at the height of the September crisis that began
As the UK entered a cost of living crisis in recent months, private equity headhunter Sita Kolossa had a surreal conversation with a client about his salary. “He told me £1mn was not enough,” she said, sounding aghast, noting that this figure excluded his bonus. “I mean, what do I even do with that?”. While
The ill-gotten crypto from one of the industry’s largest exploits is on the move again, with on-chain data showing another $46 million of stolen funds has just shifted from the hacker’s wallet. The Wormhole attack was the third-largest crypto hack in 2022, resulting from an exploit of Wormhole’s token bridge in February 2022. Around $321 million
It is another week of British industrial unrest. Civil servants at the Driver and Vehicle Licensing Agency will also strike on Monday, followed on Wednesday by university staff — although no longer teaching staff in Wales — and then ambulance workers in Northern Ireland on Friday. At the least the UK government will be hard
Bridgewater Associates’ co-chief investment officer has warned about a recession that is “much more difficult” and “much more painful” than what we’ve been accustomed to. “The dam has been broken where fiscal policymakers are now part of the story,” said the executive of the world’s largest hedge fund. Bridgewater Executive’s Recession Warning Karen Karniol-Tambour, Bridgewater
Crypto-focused investment firm Pantera Capital says bitcoin has seen its lows and “we’re in the next bull market cycle.” Dan Morehead, the firm’s founder and managing partner, noted: “Over the long-term, bitcoin price has been in a secular uptrend of 2.3x annually over the past twelve years, on average.” Pantera Capital on the Next Bull
Blockstream CEO Adam Back believes the price of Bitcoin (BTC) could reach $10 million by the end of the sixth halvening in 2032, as long as Bitcoin layer-2 technology and wallet infrastructure improves. In a Feb. 12 Twitter thread, Back, one of the contributors to Bitcoin core, was explaining to his 509,000 followers in what
U.S. Federal Reserve Governor Christopher Waller has warned that crypto prices could fall to zero at some point. “Please don’t be surprised and don’t expect taxpayers to socialize your losses” when that happens, the Fed governor stressed. Crypto Prices Could Go to Zero, Fed Official Warns Federal Reserve Governor Christopher J. Waller warned about the
Taiwan has observed dozens of Chinese military balloon flights in its airspace in recent years, far more than previously known, adding to concerns that Beijing could be preparing for an attack on the country. “They come very frequently, the last one just a few weeks ago,” said a senior Taiwanese official. Another person briefed on
Ministers are taking a “big gamble” on energy prices easing further after failure to reach an agreement on increasing the UK’s gas storage capacity in time for next winter, the government’s top adviser on infrastructure has warned. Sir John Armitt, chair of the National Infrastructure Commission, told the Financial Times that while the UK needed
Israel’s president has appealed to the hardline new government to delay a contested judicial overhaul, warning that mounting political polarisation had left the country “on the brink of constitutional and social collapse”. In a primetime address on Sunday night, Isaac Herzog urged the new administration, headed by prime minister Benjamin Netanyahu, to seek a compromise
Since Luxor, a bitcoin mining pool, mined a record-setting 3.96 MB block (#774,628) on the Bitcoin blockchain, block sizes have been larger than they were prior to that block height in the past 12 days. Statistics show that blocks larger than 3 MB are now quite common, and demand for Ordinal inscriptions has risen as
Bitcoin (BTC) price is trying to recover over the weekend but the current bounce lacks conviction. This suggests that dip buyers are nervous to load up before the release of January’s consumer price index data on Feb. 14 as that could boost short-term volatility. Although the near term is uncertain, analysts at Delphi Digital expect
Russian authorities have released the recently arrested co-founder of crypto exchange Bitzlato, said to have processed illicit funds worth millions of U.S. dollars. Anton Shkurenko, who was questioned in Moscow, denies the French charges against him that became the reason for his brief detention. Shkurenko Says Potential Case Against Him in Russia Won’t Interfere With
US officials believe the two aerial objects shot down by US fighter jets in recent days were high-altitude balloons, but “much smaller” than the one brought down over the Atlantic last week, according to the top Democrat in Congress. Chuck Schumer, the Senate majority leader, said he had been briefed by Jake Sullivan, the US
Quay Tower is a magnificent new residential building situated directly on the Brooklyn waterfront and rising thirty stories. Its position directly across the water from the southern tip of Manhattan makes for spectacular harbor and city views. Together with the building’s amenities, they create a hotly-desired living experience. Everyone wants gorgeous sunset views, waterfront locations,
On Feb. 10, 2023, Republicans Patrick McHenry of North Carolina and Bill Huizenga of Michigan, both members of the U.S. House of Representatives, sent a letter to Securities and Exchange Commission (SEC) chairman Gary Gensler seeking answers about the arrest of FTX co-founder Sam Bankman-Fried prior to his scheduled testimony before the House Financial Services
David Solomon told a private gathering of Goldman Sachs’ top executives that he had erred by not cutting jobs earlier in 2022, according to people familiar with the remarks. Speaking to about 400 Goldman partners at a closed-door meeting in Miami this week, the chief executive said he took responsibility for being slow to reduce