Author: Richard Madden

Richard doesn’t only cover Blockchain and crypto, but he does focus the bulk of his writing efforts on this emerging technology and how it is impacting not just US markets, but global markets too.

The Spanish securities regulator (CNMV) has warned investors against putting funds in crypto-related companies. Montserrat Martinez Parera, vice president of the organization, stated that lack of control is one of the causes of the downfall of the crypto exchange FTX, and that anyone looking at crypto as an investment must be very careful due to the lack of regulation in the area. Spanish Securities Regulator CNMV Warns About Crypto-Related Investments The Spanish securities regulator, the CNMV, has given its opinion about the recent downfall of FTX, one of the top three crypto exchanges at a worldwide level. At the inauguration…

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China’s health authorities on Tuesday blamed local governments for their handling of coronavirus outbreaks as Beijing distanced itself from the crisis after unprecedented protests against President Xi Jinping and his zero-Covid policy.The National Health Commission reaffirmed Beijing’s commitment to the zero-Covid measures and pledged to boost vaccination rates among the elderly, a day after police and security forces appeared to have stamped out demonstrations across at least 18 cities. Without acknowledging the protests directly, Chinese officials argued that public complaints centred on the implementation of China’s strict prevention and control measures — an area that is the responsibility of local…

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According to a tweet by Ryan Selkis, CEO of blockchain research firm Messari, Grayscale Bitcoin Trust’s (GBTC) controlling shareholders Genesis Global and Digital Currency Group cannot simply dump their holdings to raise more capital. Selkis explained that Rule 144A of the U.S. Securities Act of 1933 requires that issuers of OTC-traded entities give advance notice of proposed sales, and imposes a quarterly sales cap of either 1% of outstanding shares or weekly traded volume. 2/ DCG bought nearly $800mm worth of GBTC shares since the premium flipped to a discount in early 2021.DCG’s board authorized up to $1.2bn of share purchases…

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The head of Europe’s second-largest semiconductor equipment maker has warned that the US is turning up the heat on its allies to ensure key global chip companies fall into line behind Washington’s tough export controls on China. Benjamin Loh, chief executive of Dutch-listed ASM International, which develops equipment for the production of semiconductor wafers and chips, said the US was “putting a lot of pressure . . . to make sure that the Dutch government and the Japanese government follow as well”.He added: “The US government is hoping that this is going to be a multilateral thing going forward because they need to…

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Bitcoin miners could catch a break in a week or so, on or around Dec. 5, 2022, as the next difficulty retarget is expected to see a significantly large reduction. Estimates show the next difficulty retarget could drop anywhere between 6.13% and 10% lower. Presently, the difficulty change looks as though it could be 2022’s largest reduction if it surpasses the 5.01% decline recorded on July 21. Bitcoin’s Next Difficulty Retarget Is Expected to Decrease, Data Suggests a Notable Drop in the Cards When the last Bitcoin difficulty change occurred on Nov. 20, 2022, at block height 764,064, it increased…

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The US is pushing European allies to take a harder stance towards Beijing as it tries to leverage its leadership on Ukraine to gain more support from Nato countries for its efforts to counter China in the Indo-Pacific.According to people briefed on conversations between the US and its Nato allies, Washington has in recent weeks lobbied members of the transatlantic alliance to toughen up their language on China and to start working on concrete action to restrain Beijing.US president Joe Biden identified countering China as his main foreign policy goal at the start of his administration, but his efforts have…

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Crypto executives and politicians are becoming louder in their calls for crypto regulation as the aftermath of the FTX collapse continues to reverberate through the industry. In just the last 24 hours, the European Central Bank (ECB) president Christine Lagarde called regulation and supervision of crypto an “absolute necessity” for the European Union, while United States House Financial Services Committee Chair Maxine Waters announced that lawmakers will explore the collapse of FTX in a Dec. 13 inquiry. On Nov. 28, United States Senator and crypto supporter Cynthia Lummis described the collapse of FTX as a wake-up call for congress, according to…

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The billionaire owner of the NBA team Dallas Mavericks and a Stark Tank star, Mark Cuban, says that if he were the former FTX CEO Sam Bankman-Fried, he would be afraid of going to jail for a long time. “I talked to the guy and thought he was smart … I had no idea he was going to take other people’s money and put it to his personal use,” Cuban said. Mark Cuban on Sam Bankman-Fried and FTX’s Collapse Mark Cuban, a Shark Tank star and the owner of the NBA team Dallas Mavericks, talked about the collapsed crypto exchange…

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Shanghai’s Disneyland has become a barometer for the openness of China’s largest city, which in April entered a more than two-month shutdown © Kin Cheung/AP Shanghai’s Disneyland closed down on Tuesday for the third time this year as the city battles a growing outbreak of the virus.The theme park has become a barometer for the openness of China’s largest city, which in April entered a more than two-month shutdown and has since seen on-and-off restrictions as Beijing persists with its strict zero-Covid policy.The park will close from Tuesday while Disneytown, Wishing Star Park and two resort hotels will continue to…

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Bankrupt crypto exchange FTX has announced it will be “resuming ordinary” cash payments, salaries and benefits to its remaining employees around the world.The announcement came from new FTX CEO John Ray III on Nov. 28, as the insolvency professional looks to help FTX and its approximated 101 affiliated companies (FTX Debtors) navigate their way through the U.S. Bankruptcy Court in Delaware.”With the Court’s approval of our First Day motions and the work being done on global cash management, I am pleased that the FTX group is resuming ordinary course cash payments of salaries and benefits to our remaining employees around…

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Bitcoin (BTC) bears have been in control since Nov. 11, subduing BTC price below $17,000 on every 12-hour candle. On Nov. 28, a drop to $16,000 shattered bulls’ hope that the 7% gains between Nov. 21 and Nov. 24 were enough to mark a cycle low at $15,500.The most likely culprit was an unexpected transfer of 127,000 BTC from a Binance cold wallet on Nov. 28. The huge Bitcoin transaction immediately triggered fear, uncertainty and doubt, but the Binance CEO, Changpeng Zhao, subsequently announced it was part of an auditing process.Regulatory pressure has also been limiting BTC’s upside after reports…

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The writer is director of expression at Open Society FoundationsFor years, the rich and powerful across the world have used London’s libel courts to silence journalism. So-called “strategic lawsuits against public participation” (or Slapps) have left many outlets fearful of publishing legitimate reporting on corruption, illicit finance, political wrongdoing and much more.Now, leading figures and titles from across Fleet Street — including the Financial Times — are calling on Dominic Raab, secretary of state for justice, to swiftly end this abuse of British law. They are urging Raab to bring in an “anti-Slapp law”, aimed at deterring wealthy individuals from…

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JPMorgan has outlined key changes it expects in the crypto industry and its regulation following the collapse of crypto exchange FTX. The global investment bank envisages several new regulatory initiatives, including those focusing on custody, customer asset protection, and transparency. JPMorgan Expects Major Changes in Crypto Industry Post FTX Meltdown Global investment bank JPMorgan published a report Thursday outlining major changes it expects to happen in the crypto industry following the collapse of cryptocurrency exchange FTX. Global strategist Nikolaos Panigirtzoglou explained that “Not only has the collapse of FTX and its sister company Alameda Research created a cascade of crypto…

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After more than three decades in the municipal industry — more than 15 of them at RBC Capital Markets — municipal finance veteran Jaime Durando is retiring in April, the firm announced.Durando spent most of his 16 years at the global financial institution as managing director and head of municipal underwriting after arriving at RBC in 2006. Prior to joining RBC, he was head of municipal sales, trading and underwriting at Wachovia Securities.With the announcement of his retirement, and in conjunction with the continued evolution of the municipal franchise, the firm has named Catherine Crews, managing director, and Glenn McGowan,…

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I killed a man last night. I shot him three times. I aimed for the head but hit his shoulder. He staggered. I aimed again. I shot him in the chest. He fell backwards, I shot him again, this time in the stomach.Of course, I didn’t do any of this in real life. I did it in the 2022 third-person shooter Sniper Elite 5. (As you may have guessed, I am not very good at it.) Video games are big business. The sector’s revenues dwarfed those of the movie industry even before the pandemic. And war games are a big…

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China witnessed a spike in Covid cases and that has resulted in strict lockdown restrictions in several parts of the country. This triggered widespread protests in China and has possibly pulled the global stock markets lower. In addition to the turmoil in China, the cryptocurrency markets, which are already in a bear grip, are reeling under pressure from the Chapter 11 bankruptcy filing by BlockFi and its subsidiaries. Bitcoin (BTC) is down 21% in November, on track to its worst November performance since 2018.Daily cryptocurrency market performance. Source: Coin360The sharp fall in Bitcoin’s price has drastically reduced the number of wallets…

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Being three weeks removed from the FTX collapse, Bitcoin (BTC) analysts are combing through data to decipher whether more selling will continue or if a bear market floor has been reached. One thing miners, short-term and long-term holders have in common is they are losing in the Bitcoin market right now. According to on-chain analysis from Glassnode, the scale of both realized and unrealized losses amongst Bitcoin holders is one of the heaviest capitulation events in BTC’s history. Capitulation is hindering all groups from the increasing number of bankruptcies and dwindling miner revenue. Bitcoin’s realized losses fourth largest on record while…

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The U.S. Court of Appeals for the First Circuit rejected Puerto Rico credit unions’ appeal of the restructuring of their bonds found in the Puerto Rico plan of adjustment.The credit unions had appealed rulings by Puerto Rico Bankruptcy Judge Laura Taylor Swain on an adversary complaint and on their treatment by the plan of adjustment. Swain made her rulings in December 2021 and January 2022 in the U.S. District Court for Puerto Rico. First Circuit Senior Judge O. Rogeriee Thompson, writing for a panel of First Circuit judges, rejected the credit unions’ legal arguments against their treatment in the plan…

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You’re probably not going to buy new countertops or floor coverings online to improve the wellness potential of your home, but there are plenty of purchases worth considering this Cyber Monday. Here are eight ideas to enhance the wellness potential of your kitchen, bathrooms and bedrooms — all easily purchased through your favorite websites: Kitchen Ideas Portable induction burner increases cooking capacity without off-gassing into your kitchen. getty 1. Portable Induction Cooktop You’ve probably read by now that gas cooktop burners emit toxic gases into your home. Maybe you’re not ready to switch this major appliance, or you’re not sure…

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Reports on Monday detail that the zero-Covid policy protests in China have lowered market sentiment as U.S. equity markets show the top four Wall Street indexes are struggling. The global crypto market cap is down 3.5% and getting awfully close to dropping below the $800 billion mark. Precious metal prices, on the other hand, like gold and silver have remained steady and since Nov. 3, an ounce of gold has jumped 7.06% higher in value against the U.S. dollar. Gold and Silver Hold Steady Amid Turbulent Global Economy, Precious Metals Outpace Stocks and Crypto Assets Financial markets on Monday have…

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Municipals were better to start the week in constructive secondary trading while U.S. Treasuries pared back earlier gains to close the session mixed and equities ended in the red.Triple-A yields fell three to five basis points along the curve while UST were little changed to weaker by a basis point on the short end.The three-year muni-UST ratio Monday was at 63%, the five-year at 70%, the 10-year at 76% and the 30-year at 95%, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had the three at 63%, the five at 68%, the 10 at 77% and the 30…

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The UK Cabinet Office has told central government departments to stop installing Chinese-made surveillance systems on “sensitive sites”, citing security risks.Announcing the ban on Thursday, Cabinet Office minister Oliver Dowden said it would cover visual surveillance equipment “produced by companies subject to the National Intelligence Law of the People’s Republic of China”.He said the decision had been taken after a security review found that “in light of the threat to the UK and the increasing capability and connectivity of these systems, additional controls are required”.The move comes just over a week after Rishi Sunak, prime minister, said China posed a…

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In this article@LCO.1@CL.1Follow your favorite stocksCREATE FREE ACCOUNTTom Kaye of Plymouth, Pennsylvania tops off his neighbor’s gas tank for them on at a gas station in Wilkes-Barre, Pennsylvania, U.S. October 19, 2022. Aimee Dilger | ReutersOil prices are defying expectations and are barely higher on the year, as the outlook for oil demand continues to deteriorate for now.West Texas Intermediate crude futures for January settled higher Monday at $77.24 per barrel, following a drop to $73.60 per barrel, the lowest price since last December. WTI was up 2.2% for the year, after briefly turning negative earlier Monday.Gasoline prices at the pump…

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Staking technology provider Kiln has closed out a $17.8 million fundraising round featuring the likes of Consensys and Kraken Ventures. The company is eyeing ‘exponential’ growth in demand for ETH staking services from institutional clients in the future.Kiln is a software-as-a-service provider focused on enterprise-grade staking solutions across 16 different proof-of-stake blockchain protocols. Its infrastructure enables users to stake on-chain while maintaining asset custody on separate solutions as well as cloud platforms and validator clients.An announcement shared with Cointelegraph outlined growing institutionalization of cryptocurrency staking as a trend in the market. According to Kiln, this is driving the need for…

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On Nov. 28, users of decentralized finance, or DeFi, lending platform Compound Finance passed a proposal to impose restrictions on the maximum borrowing of 10 tokens on the protocol. The proposal was put forth by financial modeling firm Gauntlet and passed with a majority “Yes,” although total turnout amounted to less than 7% of the COMP tokens in circulation. Most notably, tokens such as Uniswap (UNI) and COMP had their borrow limits slashed from 11,250,000 and 150,000 to 550,000 and 18,000, respectively. Other less liquid altcoins on Compound, such as year.finance (YFI), had its borrow cap reduced from 1,500 to just…

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The Robie House of Oak Park, Illinois was an early commission of Frank Lloyd Wright’s and, because Fredrick C. Robie was an engineer and assistant manager at the Excelsior Supply Company, a bicycle company delving into the growing world of automobile manufacturing, the new house had a three-car garage. In 1909, the year the house was completed, the Robie House became one of the first American homes to incorporate a garage into the design. But Wright did not like garages, despite the fact that he added an enclosed garage space with fuel pumps to his own Oak Park home. They…

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The public agency that owns the stadium built for the former St. Louis Rams votes this week on an agreement to divvy up a $790 million settlement over the team’s 2016 departure, setting the stage for debate over how to put the funds to use.The tentative agreement to distribute the settlement reached with the National Football League team last November sends $250 million to the city, provides $30 million for the expansion of America’s Center convention center if approved by the city, with another $169 million going to St. Louis County, and $70 million pocketed by the public owner of…

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Trying to find meaningful holiday gifts can be a challenge, especially if you have a long list. Fortunately, home and decor gifts are usually an easy bet. After all, items like art, serving pieces, sheets, and towels are something you can give just about anyone to elevate the everyday. Whether you need to purchase something special for a spouse, friend, home chef, or coworker, here are 21 unique holiday gifts for the home. Mujen ShochuMujen shochuMujen You shouldn’t buy liquor for the bottle, but Mujen’s gorgeous bottles make it impossible not to. The favorite drink of Andy Cohen (it’s what’s…

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Bitcoin (BTC) has topped the crypto charts in a survey from down under. According to 2,000 Australians surveyed by the Independent Reserve Cryptocurrency Index (IRCI), Bitcoin is number one for brand recognition, ownership and overall sentiment. Bitcoin with the most brand awareness, and by a long shot. https://t.co/LqhYPXe3p8— Stephan Livera (@stephanlivera) November 28, 2022In the report, while 92% of Australians have heard of cryptocurrencies, Bitcoin enjoys the highest levels of brand awareness. Accordingly, 90.80% of respondents had heard about Bitcoin. Stephan Livera, a popular Bitcoin podcaster from Australia, shed light on the figures. Livera told Cointelegraph, “Bitcoin continues to grow in…

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House members led by Suzan Delbene, D-Wash., and Brad Wenstrup, R-Ohio, are urging House leaders to extend the 12.5% low-income housing tax credit allocation increase and lower the private activity bond requirement to 25% from 50% in a bid that responds to inflation as well as the affordable housing shortage gripping cities.That ask was detailed in a letter addressed to House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy and signed by 29 Democrats and 25 Republicans.”There is a pipeline of Housing Credit developments that are ready to go, but the program is vastly oversubscribed,” the letter said. “Due to…

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