Category: Featured
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Arkon Energy Raises $110M for US Bitcoin Mining Expansion, AI Cloud Service
Expanding in the US and Enhancing AI Cloud Service Project Australian firm Arkon Energy is making strides in expanding its bitcoin mining operations in the United States, just six months after entering the North American market. To fuel this growth, the company has raised an impressive $110 million in a funding round led by Bluesky […]
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SEC admits inaccurate statements, defends freezing crypto startup DEBT Box’s assets
Judge Demands Explanation The actions of SEC lawyers in the case were criticized by Utah’s top federal judge, Judge Robert J. Shelby, in November. He demanded that they provide a basis for their request to freeze DEBT Box’s assets through a restraining order. Specifically, he wanted clarification on the SEC’s claim that the company was […]
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2023 Highlights and 2024 Predictions: DAOs Navigate Hacks, Lawsuits, and Governance
Separation of Powers One notable example is the governance structure of the Token House, which operates on Optimism’s OP token distributed through an airdrop. Through voting, members actively participate in determining protocol upgrades and inflation adjustments. In contrast, the Citizen House adopts an identity-based governance approach to fund Optimism’s retroactive public goods initiative. Individuals contributing […]
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2024 Outlook: Investor Concerns Grow as Inflation Debate Heats Up
Debate on Inflation Outlook The inflation outlook has sparked a heated debate, and esteemed businesspeople have expressed doubts regarding central banks’ control over the problem. While the latest consumer price data for the eurozone, the United States, and the United Kingdom provide some encouraging news about headline inflation trends, core inflation, which excludes volatile energy […]
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Rising Prices Dampen Christmas Spirits Across Europe
Christmas Dinner In the UK, Ireland, France, and Germany, poultry like turkey, goose, or duck typically takes center stage on the Christmas table. However, the rising cost of grain, fueled by the conflict in Ukraine, higher transportation and processing expenses, and increased labor costs, has affected these proteins. Bird flu problems have also contributed to […]
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U.S. Consumer Inflation Holds Steady, As Spending Continues Amid Inflation Pressures
Personal Consumption Expenditures : The core personal consumption expenditures price index, which excludes volatile food and energy prices, witnessed a 0.1% increase for the month, marking a 3.2% rise from the previous year, according to a report released by the Commerce Department. Economists Forecast vs. Actual Figures: Contrary to economists’ expectations of a 0.1% rise […]
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Housing Affordability Hits Record Low as Mortgage Rates Soar: Redfin Report
Affordability Plummets Amidst Mortgage Rate Spike The decline in housing affordability can be attributed to multiple factors, with the Federal Reserve’s aggressive interest-rate hike campaign being a primary driver. Mortgage rates climbed above 7% last year for the first time in almost two decades. Although the average rate for a 30-year fixed loan currently stands […]
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Hong Kong Embraces Crypto with Plans for Spot Crypto ETFs
Strict Requirements for Custody and Valuation In a move that sets Hong Kong apart from its neighboring Chinese mainland, the city is gearing up to pave the way for spot crypto exchange-traded funds (ETFs). The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority, in a joint circular, announced that they are ready […]
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Cryptocurrency Community on High Alert as SIM-Swap Attacks Target Prominent Figures
Notable Figures Fall Victim to Attacks Several prominent cryptocurrency influencers and projects have recently fallen victim to SIM-swap attacks. On December 22, the official X (formerly Twitter) account of Manifold Trading, as well as its co-founder Jae Chung, were compromised by a SIM-swap hacker. Despite the account being protected by an email address and password, […]
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Confidentiality Orders Shape Landmark SEC vs. Terraform Labs Trial
Significance of the Protective Order The agreement on the protective order, reached by the legal teams representing both the SEC and Terraform Labs, including its co-founder Do Kwon, highlights the complexity and high stakes of this case. Currently detained in Montenegro, Do Kwon has been at the center of the legal storm ever since the […]