Aurelia Butler

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  • 125 Shares139 Views

    in Economy

    Ukraine’s Zelenskiy says he met top businessmen during U.S. visit

    Zelenskiy said the businessmen, who included Michael Bloomberg, Larry Fink and Bill Ackman, were prepared to make major investments in rebuilding Ukraine after its war with Russia.”The American entrepreneurs and financiers confirmed their readiness to make large-scale investments in our country immediately after the end of the war and the receipt of security guarantees,” he posted on Telegram, along with photos of the meeting.”We are working for the victory and reconstruction of Ukraine.”On a trip to the U.S. and Canada this week, Zelenskiy sought continued military and financial support for Kyiv’s effort to fend off Russia’s 19-month-old invasion. More

  • 138 Shares199 Views

    in Economy

    China state asset manager plans $14 billion emerging industry fund -report

    The fund has already received investment intentions from more than 20 central government-owned enterprises as well as local governments and private investors, and will start operating by the end of this year, the newspaper said.China’s state-owned enterprises (SOEs) have been ramping up investment in emerging and strategic industries such as artificial intelligence, new energy, new materials and biotech as part of Beijing’s SOE reforms.China Reform Holdings was set up in 2021 and tasked with deepening SOE reforms. It managed nearly 860 billion yuan of assets at the end of 2022, according to the company’s website. ($1 = 7.2980 Chinese yuan renminbi) More

  • 113 Shares129 Views

    in Economy

    Biden says Republicans should live up to budget deal

    The deal reached between congressional Republican leadership and his administration in May would have funded essential domestic and national security priorities and still cut the budget deficit by $1 trillion over the next 10 years, Biden said at a congressional awards dinner on Saturday.”Now a small group of extreme Republicans don’t want to live up to the deal,” he said.A shutdown would harm food safety, cancer research and children’s programs, Biden said, adding that ensuring that the government is funded is one of the core functions of congress.” (I)t’s time for Republicans to start doing the job America elected them to do. Let’s get this done,” he said.Biden also cast his 2024 campaign against likely Republican challenger former President Donald Trump as a battle against political extremism.”I wish I could say our threat to democracy ended with our victory in 2020 but it didn’t,” Biden said. “Our democracy is still at stake, don’t kid yourself.” More

  • 113 Shares149 Views

    in Cryptocurrency

    Coinbase holds 5% of all Bitcoin in existence: Data

    According to Arkham, the exchange’s holdings amount to almost 5% of all existing Bitcoin. Arkham said that Coinbase holds a total of 947,755 BTC. At the moment, Bitcoin’s circulating supply is around 19,493,537, according to coin information website CoinGecko. Continue Reading on Coin Telegraph More

  • 113 Shares99 Views

    in Cryptocurrency

    Ethereum network fees hit 2023 lows, on-chain activities rise

    The Ethereum (ETH) blockchain witnessed a significant reduction in network fees, with users paying a mere $1.15 per transaction, Santiment data shows. The current decline in Ethereum’s transaction fees carries with it a historical pattern that bodes well for the network’s utility. As transaction fees drop, Ethereum becomes a cheaper choice for users to interact with its versatile platform. This development holds the promise of boosting Ethereum’s overall market value.Lately, there has been a notable rise in the level of on-chain transactions within the Ethereum network. The figure, totaling 1,089,893 user active wallets (UAW), marks the second-highest activity level in Ethereum’s history. Blockchain analysts at Santiment noted that such spikes in on-chain activity could be a signal for potential price rebounds.This increased activity suggests growing interest and utility in the Ethereum network, which may positively impact its market capitalization in the coming months.While the wider cryptocurrency landscape sees significant price dips, Ethereum has remained above the $1,500 mark.In June, analysts expressed optimism in the world’s second-largest crypto, with some predicting Ethereum’s ascent to a historic high of $3,000. What fuels this bullish sentiment is the remarkable dwindling of ETH reserves on exchanges, plunging to an unprecedented low of 12.6%.This scarcity of Ethereum in exchange wallets underscores the platform’s robust demand, offering a compelling narrative amidst turbulent crypto seas. This scarcity of tokens available for sale on centralized exchanges is considered a bullish sign of Ethereum’s future performance.In a significant move, Grayscale recently filed an application for an Ethereum futures-based exchange-traded fund (ETF). This application follows a previous filing under the Securities Act of 1933, the same regulatory framework governing commodities and spot Bitcoin (BTC) ETFs.Notably, Grayscale‘s filing for an Ethereum futures ETF marks an important distinction, as the SEC has previously approved Bitcoin futures ETFs under both the Securities Act of 1933 and the Investment Company Act of 1940, which regulates most security-based ETFs. This move by Grayscale reflects the growing institutional interest in Ethereum.In the midst of Ethereum’s journey, co-founder Vitalik Buterin’s voice resonates with a clear vision. Buterin places a strong emphasis on two pivotal pillars: privacy and decentralization. These principles, he asserts, are not mere aspirations but core priorities guiding Ethereum’s path forward.In a crypto landscape marked by change, Buterin’s commitment to these ideals illuminates Ethereum’s enduring quest for a more private, decentralized, and inclusive digital future He expressed concerns about the vulnerability of centralized entities like custodial exchanges, which can be easily corrupted. Buterin advocates for direct transactions on the Ethereum blockchain to empower users and enhance security.After facing resistance on July 14, Ethereum’s (ETH) price has been on a downward trend. Today, ETH is trading at $1,593, reflecting a 2.7% price decline in one week. Ethereum’s market capitalization stands above $191 billion, according to CoinGecko.The Relative Strength Index (RSI) of Ether on the weekly timeframe currently stands at 21.8, indicating a potential oversold condition. Ethereum has a critical support level of $1,500.While Ethereum’s recent price decline may worry investors, its fundamental developments and growing institutional interest suggest a promising future. This article was originally published on Crypto.news More

  • 113 Shares169 Views

    in Cryptocurrency

    Venezuela authorities seize Bitcoin mining machines from notorious prison 

    The Venezuelan government sent out over 11,000 soldiers and police to take back the Tocorón prison which served as the headquarters of the notorious Tren de Aragua gang. The development marked the first time that authorities would take action against the country’s most feared criminal group that extended its operations to neighboring countries. According to reports, members of the feared gang were involved in illicit activities including human trafficking, kidnappings, extortion, and prostitution. The prison had facilities such as a baseball field, swimming pool, a zoo, a nightclub, and a casino for inmates. There were also Bitcoin mining machines that were used to illegally mine BTC. Remigo Ceballos, Venezuela’s Interior and Justice Minister, revealed that four guards were arrested during the raid, on the suspicion that they aided the gang members. Some inmates managed to escape during the raid, while the government evacuated the prison’s 1,600 inmates to other locations. Ceballos declared the clampdown as successful, adding that authorities were prepared to “go against all the criminals and accomplices.”Venezuela’s regulators suspended Bitcoin mining operations in March, following investigations into an alleged corruption scheme involving the use of cryptocurrency wallets to redirect funds belonging to Petróleos de Venezuela SA (PDVSA), a state-run oil company. However, Bloomberg reported in June that the temporary ban was destroying the crypto-mining industry that once thrived in the country.This article was originally published on Crypto.news More

  • 188 Shares159 Views

    in Cryptocurrency

    Binance.US scores against SEC, Mt. Gox delay repayments, and other news: Hodler’s Digest, Sept. 17-23

    Mt. Gox trustee Nobuaki Kobayashi has officially changed the deadline for paying back the exchanges creditors from Oct. 31, 2023, to Oct. 31, 2024. Presently, the Mt. Gox estate holds some 142,000 Bitcoin (BTC), 143,000 Bitcoin Cash (BCH), and 69 billion Japanese yen. Mt. Gox was one of the earliest cryptocurrency exchanges, once facilitating more than 70% of all trades made within the blockchain ecosystem. Following a major hack in 2011, the site subsequently collapsed in 2014 due to alleged insolvency; the fallout affected about 24,000 creditors and resulted in the loss of 850,000 BTC.Continue Reading on Coin Telegraph More