Aurelia Butler

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  • 163 Shares169 Views

    in Cryptocurrency

    Silk Road’s Ross Ulbricht Issues Thanksgiving Post After Teasing His Possible Coming Release

    In this X post, he once again hinted that he might be released from prison for good soon, saying that he has “a lot to be thankful for this year.”Earlier this week, on Nov. 26, Ulbricht tweeted that he is beginning to “get used to the reality” that he might be released from prison permanently soon, hinting at the pledge made by the new U.S. political leader during the election campaign that he would end Ross Ulbricht’s prison sentence once he takes the office. He stated that 11 years is enough for the crime the Silk Road founder committed.The Silk Road was founded in 2011 as a marketplace where users would be able to trade without the government’s supervision and control, with Bitcoin used as the currency for payments. However, it was drug and arms dealers who became the most active sellers on that platform. In 2012, the FBI shut down the Silk Road, sending Ross Ulbricht to prison for two lifetime sentences. He has spent more than 4,000 days behind bars already, according to a tweet he published in the middle of September.Now, he believes that after 11 years in prison cells, his sentence might be cancelled thanks to the change in U.S. political leadership. The crypto community has been supporting Ulbricht all these years, signing a petition requesting that he should be set free and conducting various public campaigns, attracting attention to his case.This article was originally published on U.Today More

  • 125 Shares199 Views

    in Economy

    Markets will have to get used to Trump’s mercantilist mindset

    Standard DigitalStandard & FT Weekend Printwasnow $29 per 3 monthsThe new FT Digital Edition: today’s FT, cover to cover on any device. This subscription does not include access to ft.com or the FT App.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

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    in Economy

    Eurozone inflation rose to 2.3% in November

    $1 for 4 weeksThen $75 per month. Complete digital access to quality FT journalism. Cancel anytime during your trial.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print edition More

  • 88 Shares189 Views

    in Cryptocurrency

    Hydration Unveils Decentralized Borrowing Platform on Polkadot

    Hydration has announced the launch of its decentralized borrowing platform, the Hydration Money Market. The new platform allows users to supply cryptocurrency as collateral, earn interest on their deposits, and borrow various digital assets.Built on the Polkadot blockchain, the platform emphasizes efficiency and innovation in the decentralized finance (DeFi) ecosystem. Hydration introduces on-chain prioritized liquidations, a mechanism designed to minimize losses and prevent exploitation during liquidation events.The platform operates as a fork of the AAVE v3 protocol, offering over-collateralized borrowing capabilities and enabling users to explore advanced strategies, such as leveraging positions and arbitraging interest rates. These features cater to users seeking diverse, risk-adjusted financial strategies within the DeFi space.Hydration’s launch is a step forward in its mission to democratize access to financial tools while ensuring sustainable protocol development. The project’s focus on transparency and user-centric design aligns with the broader goals of fostering a robust, decentralized financial ecosystem.For more information, users can visit hydration.net, app.hydration.net or follow Hydration on X (formerly Twitter).About HydrationHydration is a blockchain-based platform dedicated to enhancing financial accessibility and innovation through decentralized tools. By leveraging Polkadot’s scalability and interoperability, Hydration aims to empower individuals and institutions with secure, transparent, and efficient solutions for borrowing, lending, and managing digital assets.ContactValery Hydratorvalery@intergalactic.limitedThis article was originally published on Chainwire More

  • 150 Shares159 Views

    in Cryptocurrency

    Bitcoin, dollar and this asset are most vulnerable into 2025 positioning-wise: JPM

    Using their Cross Asset Positioning Monitor, JPMorgan highlights potential vulnerabilities as markets adjust to shifting liquidity and demand dynamics.Bitcoin and the U.S. dollar are flagged for positioning risks.The bank said it sees “elevated equity positions, modestly long duration positions, close to neutral credit positions, elevated long dollar positions, underweight positioning in commodities ex gold, elevated positions in bitcoin but more modest longs in gold.””Thus from a positioning point of view the most vulnerable asset classes into 2025 are equities, the dollar and bitcoin and the least vulnerable are non-gold commodities,” said the bank.On bonds, the global supply-demand balance is expected to deteriorate in 2025.The bank projects a $0.9 trillion decline in global bond demand compared to 2024, alongside a relatively modest $100 billion reduction in net supply.They explain that this imbalance could result in upward pressure on yields, with the Global Aggregate Bond Index yield potentially rising by 40 basis points.Central banks will play a crucial role in these dynamics. JPMorgan notes that while the Federal Reserve is expected to end balance sheet contraction in early 2024, it will continue shifting from mortgage-backed securities (MBS) to Treasury bills.They add that the European Central Bank (ECB) is set to fully stop reinvestments in its PEPP portfolio, and the Bank of Japan (BoJ) is likely to accelerate net bond sales in 2025.JPMorgan notes that together, these actions contribute to modest improvements in central bank bond demand, but not enough to offset the broader decline in global demand. More

  • 113 Shares129 Views

    in Economy

    How the car industry is exposed to Trump’s tariffs

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  • 175 Shares109 Views

    in Economy

    ‘I would know’: Adani Group CFO says no bribery carried out by group executives

    “We reject all of this strongly on behalf of the individuals,” Adani Group CFO Jugeshinder Singh told reporters at an event in Mumbai.”We believe it is not warranted, we know for sure 100% that nothing of this sort happened. If we were paying that amount of cash to someone I would certainly know, so we know nothing happened,” Singh said.U.S. authorities accused Adani, 62, his nephew and executive director Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes of $265 million to secure Indian solar power supply contracts, and misleading U.S. investors during fund raises there.The ports-to-power conglomerate has previously denied the charges as “baseless” and vowed to seek “all possible legal recourse”.”As a group there will not be any action (on the U.S. indictment) but individuals will be taking steps,” Singh said on Friday.The U.S. indictment has had major ripple effects: Adani shares have plummeted last week, at least one Indian state is reviewing its power deal with Adani, Indian parliament has been disrupted amid political uproar and TotalEnergies (EPA:TTEF) has decided it will not make any more investments in the group.India’s foreign ministry, in the country’s first official reaction to Adani’s indictment, said on Friday that bribery allegations against the billionaire was a legal issue between private companies and the U.S. Department of Justice and that New Delhi has not received any request on this case from Washington. More

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    in Economy

    US equity funds attract inflows for fourth successive week

    Investors bought $12.78 billion worth of U.S. equity funds, a sharp jump in net purchases from the around $3.03 billion worth a week earlier, LSEG Lipper data showed.Trump selected fiscal hawk Scott Bessent for the role of U.S. Treasury Secretary last week, boosting market expectations that debt levels would remain under control in his second term.The large-cap and small-cap funds segments drew inflows totaling $5.27 billion and $3.11 billion, respectively. Multi-cap and mid-cap funds, however, saw net outflows of $419 million and $137 million, respectively.U.S. sectoral funds were in big demand, attracting about a net $4.72 billion, thanks to notable $2.08 billion, $990 million and $962 million net purchases in the financials, consumer discretionary and technology sectors, respectively.U.S. bond funds remained popular for a 26th successive week, securing about $6.92 billion in net weekly inflows during the week.Investors bought $3.01 billion of general domestic taxable fixed income funds for a 15th consecutive weekly net purchase. U.S. short-to-intermediate investment-grade funds and mortgage funds also attracted $1.53 billion and $1.48 billion, respectively, in net inflows.Investors, meanwhile, sold around a net $2.37 billion worth of U.S. money market funds following the $26.82 billion net outflow in the prior week. More