A survey of the top 20 tokens indicates a relatively flat trading day, with Bitcoin (BTC) clinging to support above $40,000. Several lower-ranking altcoins managed to post double-digit gains on the back of recent protocol developments. Continue Reading on Coin Telegraph More
“If you see the volumes of Tether compared to the rest of stablecoins, they are insanely higher. They are even 10 times higher on a bad day,” he pointed out. Continue Reading on Coin Telegraph More
Tornado Cash is a popular cryptocurrency mixture used to obfuscate the trail of transactions for privacy. The Chainalysis Sanctions Oracle (NYSE:ORCL) can validate if a cryptocurrency wallet address has been included in a sanctions designation from the United States, European Union or United Nations. But Tornado Cash co-founder Roman Semenov later clarified that the instrument only blocks access to the decentralized application, or DApp, interface and not the underlying smart contract. Continue Reading on Coin Telegraph More
In a Friday announcement, the White House said Barr was Biden’s pick to supervise the Federal Reserve and set the regulatory agenda for its leadership. Barr was on the advisory board of Ripple Labs from 2015 to 2017, served as the Treasury Department’s assistant secretary for financial institutions under former President Barack Obama, and taught courses on financial regulation at the University of Michigan. According to the White House, he was “a key architect” of the Dodd-Frank Act — legislation that continues to influence financial policy in the United States.Continue Reading on Coin Telegraph More
SpaceX CEO Elon Musk recently stated that he is more than capable of affording to purchase Twitter. This said, he is worth a staggering $300 billion. Musk said that his big plan for the company is to change the user experience on the platform.Musk told Chris Anderson in a TED Talk held at a TED conference in Vancouver on Thursday that he is seriously considering changing the way that the platform handles controversial content.He plans to do this by not promoting certain Tweets as well as adding the ability to edit Tweets and the edit history. Under his leadership, Twitter will also encourage free speech, while still respecting the laws of various countries.Musk stated that “A top priority I would have is eliminating the spam and scam bots and the bot armies that are on Twitter.” He added to this by saying that “They make the product much worse. If I had a Dogecoin for every crypto scam I saw, we’d have 100 billion Dogecoin.”According to a filing by the United States Securities and Exchange Commission, Musk offered to buy Twitter’s shares. This excludes the 9% that he already owns.He offered to buy the shares at $54.20 per share. At the time of the publication the shares were worth around $45.08. The shares have risen by 30% in the last month.People’s reactions to Musk owning Twitter are relatively mixed. Many applauded this move by Musk as a great business move. Others seem to agree less and believe he might not be a good fit for the company considering his own immature and controversial behavior on the platform.Continue reading on CoinQuora More
Ksenia Yudayeva said the Russian economy and its financial sector were in good shape before Feb. 24, and now many companies were experiencing the need to find new suppliers and logistics.The Russian financial sector and economy have taken a hit from sweeping western sanctions imposed over what Moscow calls a “special military operation” in Ukraine. More
MANCHESTER, England (Reuters) – A consortium led by Chicago Cubs owners the Ricketts family has pulled out of the running to buy Premier League club Chelsea, the family said on Friday, leaving three bidders remaining.Final bids for the club, which was put up for sale by owner Roman Abramovich following Russia’s invasion of Ukraine before sanctions were imposed on the oligarch by the British government, were submitted on Thursday. The Ricketts family, who had partnered with U.S. billionaires Ken Griffin and Dan Gilbert, submitted a cash-only offer and had been included on the four-bid shortlist produced by U.S. Bank Raine Group, who are overseeing the sale.”The Ricketts-Griffin-Gilbert Group has decided, after careful consideration, not to submit a final bid for Chelsea F.C,” the statement read. “In the process of finalising their proposal, it became increasingly clear that certain issues could not be addressed given the unusual dynamics around the sales process. We have great admiration for Chelsea and its fans, and we wish the new owners well.”The Ricketts family’s surprise withdrawal leaves groups led by LA Dodgers part-owner Todd Boehly, former Liverpool chairman Martin Broughton and Boston Celtics co-owner Steve Pagliuca as the remaining Chelsea bidders.The Ricketts family had met with supporters groups after it emerged that the Chelsea Supporters’ Trust (CST) said that 77% of its members did not support their bid for the club. The reaction was in response to leaked emails from 2019 in which American businessman Joe Ricketts described Muslims as his “enemy”. Joe was not involved in the Chelsea bid, with daughter Laura and son Tom fronting the consortium.However sources close to the deal told Reuters that their withdrawal was not as a result of the fan reaction, but due to differences between the parties within the consortium.They had outlined a list of commitments if their bid to buy Chelsea was successful, saying they would never allow the Premier League club to participate in a European Super League while also exploring the option of redeveloping Stamford Bridge. More
Russian and Belarusian trucks are stuck in long queues at the EU’s eastern borders as hauliers try to get out of the bloc, hours before a ban on their vehicles comes into force on Saturday.Lorries are backed up for more than 40km in Poland and have been waiting between three and 10 days to leave, according to people in the logistics industry, who say thousands of trucks are affected after Brussels imposed sanctions on the Russian and Belarusian fleets.Jan Buczek, head of Poland’s ZMPD, a trade body for Polish transport groups, said that in recent days the queue at the Koroszczyn border crossing into Belarus — which lies on the main route from Berlin to Moscow — had reached 80km.“There is no way the Belarusian and Russian trucks will all manage to leave Polish territory by tomorrow,” he said.According to data from Poland’s National Revenue Administration, the wait at the Koroszczyn crossing was 33 hours on Friday morning, while at the more northerly Bobrowniki checkpoint it was 56 hours. Haulage groups said there were also long queues at border crossing points in Lithuania and Latvia.The EU introduced sanctions this month prohibiting trucks operated by Russian or Belarusian companies from entering or remaining in the bloc, with exemptions for vehicles transporting food, medicine, mail and energy. It set a deadline of April 16 to exit the bloc. The sanctions were part of the EU’s latest attempt to punish Russia for its invasion of Ukraine.With customs officials making rigorous checks on vehicles crossing the border, thousands of vehicles could fail to make it out in time and would be at risk of being seized by national authorities.The situation has been exacerbated because a crossing between Poland and Belarus at Kuznica has been closed since Belarus’s authoritarian regime orchestrated a migration crisis on its borders with the EU last winter.Aliaksandr Kuushynau, a senior executive at Gurtam, which provides software for GPS fleet tracking, said that according to his company’s data about 10,000 Russian and Belarusian vehicles were still in the EU. “These vehicles will not make it back into Russia in the next few days,” said Kuushynau.Another industry source said: “It’s a tricky situation. We think there are at least a few thousand [Russian and Belarusian trucks] still in the EU.”Buczek said that roughly 3,000 Polish trucks in Belarus and Russia could be put at risk by any action against the Russian and Belarusian lorries waiting at the Polish border.“We should look for a benign solution, because any aggressive form of action by Europe against the Russian and Belarusian trucks at the border will instantly spark retaliation against our trucks that are on the way or coming back from markets like Mongolia, Kazakhstan and Uzbekistan,” he said.Luis Gomez, president of Europe at XPO Logistics, one of the world’s biggest trucking companies, said the situation could put further strains on the haulage sector in Europe but would probably have less impact than the exodus of 100,000 Ukrainian drivers from an industry already suffering from staff shortages. More
