Changpeng Zhao: “Binance.US Accepts International Clients”
In a recent twitter “ask me anything” (AMA), Binance chief Changpeng Zhao admitted that Binance.US accepts international clients, shedding some light on whether the American counterpart’s assets are commingled with the global exchange. “The recent [Binance] US to Binance.com international transactions… Binance.US accepts international clients,” said Zhao. “They are market makers that work on both, […]
Tesla: Lost A Twitter’s Worth In A Day, Dropped From US Top 10 Public Firms
But ARK Invest CEO Cathie Wood somehow sees something to still load up more than 25,000 shares of the electric vehicle giant. Tesla (Nasdaq: TSLA) continues to plummet to record lows as the firm’s shares last closed at $112.71, declining by 19% just in the last five days–which coincidentally are some of the firm’s highest […]
Mango Markets $114M Crypto Hacker Arrested, Charged With Fraud
Prosecutors in New York arrested cryptocurrency trader Avraham Eisenberg in Puerto Rico and charged him with fraud for rigging the Mango Markets exchange and attempting to steal $114 million. Eisenberg is accused of manipulating the price of Mango perpetual swaps, which are futures contracts that allow traders to keep bets open. According to a federal […]
Biden, DOT To Examine Southwest Airlines Canceling Flights Due To Crew Scheduling Error
Southwest Airlines passengers could be spending the rest of their holidays stuck in airports as the airline has been cancelling over 8,000 of its flights in the last three days. The firm seeks to recover from the severe winter weather and staffing shortages that delayed tens of thousands of passengers and luggage over the busy […]
Bitfarms Closes Out 2022 With Management Shake-Up
Bitfarms (TSX: BITF) is undergoing an end-of-year management shakeup of sorts. The firm has slightly rejigged its executive team, which includes the resignation of the firms CEO and co-founder, Emiliano Grodzki. Grodzki, whom co-founded the company along with Nicolas Bonta in 2017, will be moving to a director-only role with the company, while President and […]
Zoltan Pozsar: G7 Investors Should Worry About Gold-Backed Renminbi Eclipsing Dollars, Commodity Encumbrance
Credit Suisse contributor Zoltan Pozsar has continued his ongoing series about Bretton Woods III where commodities will dictate the new world order. For his last dispatch of the year, he described how the world is now shifting to a multipolar order “being built not by G7 heads of state but by the ‘G7 of the East’ (the […]
When Climate Goals Backfire: NYC Electric Garbage Trucks Aren’t Powerful Enough to Double as Snowplows
Electrifying everything in the name of going carbon neutral sometimes just doesn’t work: as it turns out, NYC’s all-electric garbage trucks can’t double as snowplows because they just aren’t powerful enough. That is what New York City’s Department of Sanitation is learning, as the shortcomings of electricity-powered vehicles are hindering the city’s zero carbon goals. […]
House of Representatives Bans TikTok On All Official Devices
TikTok, the popular Chinese-owned video-streaming app, has now been banned on United States House of Representatives-issued devices. The House’s Chief Administrative Officer Catherine Szpindor sent a memo to all lawmakers and staff on Tuesday, declaring the app “high risk due to a number of security issues,” and instructing all involved to delete it from all […]
Adidas Is Stuck With $530 Million Worth Of Yeezy Sneakers After Cutting Ties With Kanye West In October
Adidas (ETR: ADS) has a US$530 million Yeezy problem. Two months after severing ties with Kanye West, who now goes by Ye, Adidas is left with more than half a billion dollars worth of unsold Yeezy sneakers, according to the Financial Times. People familiar with the matter told FT that the German sportswear giant is […]
The New York Times Slammed For Writing Another Sam Bankman-Fried “Puff” Piece
In a recent article titled “In the Bahamas, a Lingering Sympathy for Sam Bankman-Fried,” New York Times journalist Rob Copeland quotes local Bahamians who appear to be mainly positive about the cryptocurrency exchange founder. According to the story, Bankman-Fried’s positive assessments from residents originate from his millions of dollars in gifts to local charities, churches, […]