Coinbase bankruptcy rules updated

After posting a huge earnings miss, here is the latest version of the Coinbase Terms of Service, the addition of text that included the following: “Custodially held crypto assets may be considered to be the property of a bankruptcy estate,…

SoftBank’s Vision Funds Report $27 Billion Loss

SoftBank’s two Vision Funds have posted historic investment losses of ¥3.5 trillion ($27.5 billion) over the 12 months to March 31 as the funds’ biggest holdings were pummeled by rising interest rates and Beijing’s crackdown on the tech sector. These…

81,000 millionaires left Hong Kong in 2021

In mid-March, Bartra interviewed nearly 500 Hong Kong residents aged 18 and above through an online questionnaire. According to the poll, 79 percent of the respondents indicated that they are considering emigration or will consider this in the future; 48…

Some inadequate rescue plan for Terra crypto

Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’. The Terra crypto Twitter account shared some points of Do Kwon’s initial rescue plan: expanding the base pool, burning UST and staking LUNA. The Terra rescue story…

90% Of Nations Are Planning CBDCs

Digital currency is code for money the government can track and either withhold or augment depending on if the holder has acted in accordance with the government’s desires. A new report from the Bank of International Settlements estimates that up to 90%…

China Has ‘Financial Nuclear Bombs’

China Has ‘Financial Nuclear Bombs’ If West Levies Russia-Style Sanctions, Beijing Warns Multiple analysts at Chinese state-linked think tanks and banks have weighed in on the Biden administration’s recent threats to punish the world’s second-largest economy over China’s refusal to…

Professor Michael Hudson about Superimperialism

Interview with Michael Hudson, economist and professor at the University of Missouri-Kansas City – author of Super Imperialism and Killing The Host KATIE HALPER:  Professor Michael Hudson, thank you so much for joining us.  We’re really excited to have you….

Putin tells UN chief: Kosovo set Donbass precedent

Russian President Vladimir Putin hosted UN Secretary-General Antonio Guterres in the Kremlin on Tuesday for talks revolving around the Ukrainian crisis. The two discussed the situation on the ground, with Putin explaining to the UN chief Russia’s reasons for launching…

Fidelity To Allow Bitcoin Investments In Retirement Plans

“We fully expect that cryptocurrency is going to shape the way future generations think about investing for the near term and long term.” Investment giant Fidelity will reportedly enable its 23,000 business clients to offer Bitcoin accounts for their workers’ 401(k)s later…

Over $13 Million In ‘Bored Ape’ NFTs Stolen By Hackers

“The hacker posted a fraudulent link to a copycat of the Bored Ape Yacht Club website…” Millions in ‘Bored Ape’ NFTs were stolen after hackers breached the Bored Ape Yacht Club NFT project, then advertised a fake distribution of NFTs known as…

FBI Warns of Targeted Cyber Attacks On Food Plants

FBI warns of targeted cyber attacks on food plants after mysterious rash of fires. “A significant disruption of grain production…”  The FBI’s Cyber Division published a notice this past week warning about increased cyber-attack threats on agricultural cooperatives, which comes at a time when…

Sig Sauer Won The Big NGSW Gun Contract

United States Army Awards NGSW Contract to Sig Sauer – Earlier this week, the United States Army announced that it had selected Sig Sauer to produce the Next Generation Squad Weapons (NGSW), which will replace the legacy M4 carbine and M249 light machine gun. Following…