The Blockchain Association has filed an amicus brief in an ongoing lawsuit by think tank Coin Center against the Treasury Department and its sanctions watchdog, the Office of Foreign Asset Control. In the suit, filed last October, Coin Center has alleged…
Quote of the Day "The comparisons between the AI hype-frenzy and the Dotcom boom are obvious and endless. They’re also largely correct. We’re at the beginning of the story, not the end." (Dave Nadig) Chart of the Day In May, the…
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The automakers paid the federal government for falling short of efficiency standards for cars and trucks in recent years.General Motors and Stellantis paid a combined $363.8 million in penalties for failing to meet federal fuel-economy standards for cars and trucks they…
By Lambert Strether of Corrente. Bird Song of the Day Malagasy Turtle-Dove, Rd Along Coast Between Table Mtn And St. Augustin, Mangrove Bay, Toliara, Madagascar. “Singing from tree top.” At least this dove sounds like a dove! * * * Politics…
Crypto exchanges would gain a path to registering with the U.S. Securities and Exchange Commission (SEC) and would be able to trade digital securities, commodities and stablecoins all in one place under a proposal from the Republican chairs of the two…
A recently released report issued by The Blue Sky Coalition, a non-profit organization of leaders representing businesses in marine shipping, suggests that real-time monitoring is an essential component of an effective decarbonization strategy. Real-time monitoring is unique because, unlike other proposals,…
Topline3M and several U.S. cities tentatively agreed to a settlement worth at least $10 billion over water pollution claims involving so-called forever chemicals, Bloomberg reported Friday—a deal that has bumped the company’s stock and allowed it to possibly avoid appearing in…
When I went to Spider-Man: Across The Spider-Verse yesterday, I wasn’t sure what to expect. It’s been five years since the wonderful Into The Spider-Verse came out, and that movie totally blew my mind. But five years and a pandemic later,…
UN casts doubt on carbon removals, prompting industry backlash More than 100 companies and experts involved in the emerging carbon removals market write to UNFCCC in dismay over briefing note raising concerns over viability such technologies. - by Michael Holder (@michaelholder)…
ToplineInsurance provider Haven Technologies will reportedly slash 70% of its workforce this week amid a slew of major layoffs, including at software service provider Zendesk and job search site ZipRecruiter, as recession fears and high inflation continue to push employers to…
On June 1, 2023, the U.N. Resident and Humanitarian Coordinator in Ukraine, Denise Brown, marking International Children’s Day, condemned the crimes perpetrated by the Russian forces against children in Ukraine. As he indicated, over 1,500 children have been killed and injured…
In the evolution towards a full multi-chain future, bridges remain more vulnerable to hacks than cryptocurrency networks themselves. In 2022 alone, over $2 billion in assets was stolen from token bridge exploits. The worst part is that they could have all…
Here are the pricing model lines that Bitcoin might have to stay above if the bullish momentum of the cryptocurrency has to continue. These Bitcoin Pricing Models Are Currently Near The Spot Price In a new tweet, the on-chain analytics firm…
Opinion Join us on social networksthe FDIC had asserted that any purchaser “must agree to give up all the crypto business,” though the agency walked back those claims.I don't want to alarm, but since the turn of the year, a new…
News Join us on social networkstokenize intangible assets such as loyalty points and voting rights, as previously reported by Cointelegraph. Enabling banks and brands to issue and custody any tokenized asset using @0xpolygon@taurus_hq, the European digital asset infrastructure leader is now fully…
Federal Reserve officials have signaled that they could hold interest rates steady at their upcoming meeting in June — pausing after a string of 10 straight rate increases to assess whether their changes so far are sufficient to slow the economy…
The crazy thing about this week’s streaming guide isn’t what’s new, but what’s over. For weeks now I’ve posted about Yellowjackets, Succession and Barry and all three of those shows wrapped up their seasons last weekend. The second two wrapped up…
Negotiations to prevent a government default reaffirmed that the big drivers of future deficits are all off the table in a divided Washington.The bipartisan deal to avert a government default this week featured modest cuts to a relatively small corner of…
At every company I have ever worked, from small startup to big corporations, there had always been a capped vacation day policy. Vacation days would range from 10 to 20 days a year, depending on your role within the organization. But…
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The titans of U.S. tech have rapidly gone from being labeled by their critics as self-serving techno-utopianists to being the most vocal propagators of a techno-dystopian narrative. This week, a letter signed by the more than 350 people, including Microsoft founder…
ToplineRodolphe Jaar, who pleaded guilty in March to plotting the 2021 murder of Haitian President Jovenel Moise, was sentenced to life in prison Friday, the Associated Press reported, setting a precedent for the 11 other defendants involved in the case who…
Binance’s market share has dropped to its lowest level in eight months, according to data from CCData. Although the exchange is still the largest cryptocurrency platform by trading volume, it has seen its market share decline consecutively over the past three…
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Users of Apple’s new Apple Savings service, launched in April in partnership with Goldman Sachs, are reporting severe delays in withdrawing or moving their deposits. Customers have struggled for weeks to retrieve amounts as high as $100,000 stranded in Apple Savings…
Major League Baseball and Diamond Sports Group, which owns the Bally Sports branded family of regional sports networks, have been at loggerheads for some time. After testimony before a bankruptcy court, and a judge’s ruling, the days of the league being…
In a recent post, Ripple CTO, David Schwartz, explained Automated Market Makers (AMMs) – a vital component in the decentralized finance (DeFi) framework, and their trading strategies for profit. Schwartz states that AMMs thrive when an asset is volatile but does…
US in talks over deal to plug Turkmenistan methane leaks The US is engaged in talks with Turkmenistan over a proposed deal aimed at plugging the gas-rich central Asian nation's vast methane leaks, according...
Shiny Happy People: Duggar Family Secrets, the four-episode Amazon Prime docuseries that explores the lives of the controversial stars of TLC’s 19 Kids and Counting and Counting On, premiered Friday, and at least two of the show’s subjects aren’t happy about…
ToplineThe Justice Department has wrapped up its investigation into classified White House documents found at former Vice President Mike Pence’s house after leaving office, multiple outlets report, clearing Pence of any wrongdoing before the ex-VP reportedly launches his presidential campaign next…
Rather than face a potential contempt of Congress vote in the GOP-controlled House, the FBI has agreed to hand over a subpoenaed document from the Biden family investigation which a whistleblower says contains allegations that Joe Biden, when he was VP,…
This week Diamond Sports Group was involved in an eighteen-hour, two-day court hearing with Major League Baseball over media rights payments. The financially beleaguered DSG, a subsidiary of Sinclair, runs Bally Sports, the nation’s largest regional sports network with television rights…
ToplineThe tech-heavy Nasdaq hit a 14-month high Friday, largely driven by massive gains from a handful of the widely tracked tech index’s largest companies, while the Dow Jones industrial average is set for its best day in five months as optimism…
ToplineFinancial giant Chase Bank tweeted Friday some of its customers are seeing duplicate fees and transactions on their checking accounts, though the source of the glitch has not yet been made public. Key Facts The New York-based bank tweeted it’s “working…
With the summer music season unofficially underway, including upcoming festivals such as Governors Ball, Riot Fest, Bonnaroo and Bumbershoot, a new concert experience is making its debut starting this Friday—featuring headliners LCD Soundsystem, boygenius (the indie rock supergroup of Phoebe Bridgers,…
This week, Sotheby’s announced the next sale of rare NFTs from bankrupt 3AC’s coveted collection seized by liquidators in July 2022. The highlight of this sale is Dmitri Cherniak's “The Goose,” which is expected to fetch a golden sum. Meanwhile, Mercedes…
News Join us on social networkssaid it would be opening a proposed rule change for amendments to its risk management requirements applicable to swap dealers and futures commission merchants. Romero said in a public statement that the proposal could allow the…
The Central Bank of Kenya said "pain points" in the country's payments systems can be addressed by innovations structured around the existing ecosystem and that a central bank digital currency (CBDC) "may not be a compelling priority." In a statement published…
Authored by Peter Reagan via Birch Gold Group,Two years ago, we referenced various reports about Americans’ savings (consumer and retirement), reporting that they had dropped to the lowest point in years.Unfortunately, things haven’t improved much since then.We just discussed the state of consumer…
by Calculated Risk on 6/02/2023 11:59:00 AM Today, in the Calculated Risk Real Estate Newsletter: Year-over-year Rent Growth Continues to DecelerateA brief excerpt: Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in…
Markets News Join us on social networksrevealed a bullish bias on both Bitcoin (BTC) and the largest altcoin, Ether (ETH).QCP Capital: Bitcoin consolidation “played out perfectly”Bitcoin price has been ranging between $26,000 and $31,000 since mid-March, but analysts are increasingly calling time…
Yesterday we pointed out something stunning (and a big problem for the Biden administration): while the US economy has added 3.3 million jobs from the pre-covid highs (make that 3.8 million after today's blowout print)...... all of the new jobs have…
Bitcoin is recording minor profits on higher timeframes but has been unable to display significant price action. In this context, volatility is reaching a record low, but the status quo could suddenly shift in the short term. As of this writing,…
Featured image by Austin Distel via Unsplash Starting a business takes courage, creativity, a lot of elbow grease, capital, and financial support. The chief difficulties lie in coming up with great business ideas, executing them, and ensuring you can fund your…
What is cryptocurrency investment? Cryptocurrency investment in its most basic form is the process of buying digital currencies and holding them in the hope that the market falls in your favour while your portfolio increases in value. The value of a…
Authored by Alex Wu via The Epoch Times,China has resumed COVID-19 PCR testing in Beijing and Shandong Province amid rising re-infections, while the regime’s top health advisers have warned of a new wave of mass infections.Since May 29, mainland netizens have…
by Calculated Risk on 6/02/2023 11:01:00 AM The BEA released their estimate of vehicle sales for May this morning. The BEA estimates sales of 15.05 million SAAR in May 2023 (Seasonally Adjusted Annual Rate), down 6.5% from the April sales rate,…
The Atlantic hurricane season officially kicked off on Thursday, and it's already showing signs of an active start. The National Hurricane Center said a tropical depression is churning in the Gulf of Mexico northwest of Ft. Myers, Florida. Initially called Invest 91L, the system…