Month: February 2022

Crypto: Can Russia use cryptocurrencies to evade Western sanctions? Likely, to some extent, but it’s ‘very hard to do at scale,’ says one analyst

As the U.S. and its allies aim to cripple Russia through sanctions for invading Ukraine, there has been some speculation around whether Moscow could gain leeway through cryptocurrencies, which are typically based on decentralized networks and don’t rely on any central authorities to maintain. The sanctions target Russia’s central bank, some state-owned companies and elite families, and include measures that

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The Tell: Sanctions take aim at Russia’s economy: Here’s who is most exposed

The U.S. and its allies are ramping up sanctions against Moscow in response to Vladimir Putin’s decision to wage war on Ukraine, putting a spotlight on countries with the biggest trade and financial exposure to the Russian economy. Monday certainly marked a day of shock and awe in terms of the financial market response to sanctions. Russia’s ruble USDRUB, -2.78%

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Should Crypto Exchanges Ban Russian Users? Kraken CEO’s Opinion

Amongst the fundamental values of crypto, an important point is having financial freedom for all. Crypto is meant to be an unbiased tool, untied to the strings of governments and banks, a tool against oppression and authoritarianism. If your money can be taken away from you by regimes and governments, is it truly your money? This is why people nowadays

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: After 200,000 COVID deaths in nursing homes, White House unveils reforms

The White House on Monday unveiled sweeping nursing-home reforms designed to improve the quality of care, ensure adequate staffing levels and make facility ownership more transparent. President Joe Biden will discuss the measures in his State of the Union address Tuesday night, the White House said, emphasizing the pandemic’s toll on long-term care residents and staff. The Centers for Medicare

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Will Crypto Help Russia Bypass New Sanctions?

SWIFT stands for ‘Society for Worldwide Interbank Financial Telecommunication.’ It is a cross-border payment system that allows customers all around the world to shop, send money, pay fees, and more. Now that Russia’s biggest financial institutions have been cut off from the system and the ruble has lost value, some have predicted that the country may turn to CRina or

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Why The MIT Chose Ethereum’s PoS As 2022 Top Technological Breakthrough

The Massachusetts Institute of Technology (MIT) published their 2022 technological breakthrough and included the Proof-of-Stake (PoS) consensus algorithm to be adopted by Ethereum. Posted via the MIT Technology Review, the algorithm occupies spot 6 in a top 10 rank. Related Reading | Ethereum Heads Towards 100K Transactions Per Second? Buterin Talks About Post-Merger Future Comprised of varied technological use cases,

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: 7 ways to help Ukrainians now as Russia’s invasion continues

While governments stack up financial sanctions against Russia as punishment for its invasion of Ukraine, everyday people are looking for ways to help besieged Ukrainians. More than half a million Ukrainians have fled Ukraine, population 43.7 million, for neighboring countries since Russian tanks and troops rolled in last week, Filippo Grandi, the United Nations’ high commissioner for refugees, said Monday. 

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Market Extra: Consumer watchdog fires warning shot to lenders over abusive auto repos as used-car prices soar

The top U.S. watchdog for households, the Consumer Finance Protection Bureau, issued a warning shot on Monday to lenders and loan servicers who may be tempted to illegally repossess cars as used vehicle prices soar. The CFBP said an extremely hot market for used cars, due in part to supply-chain bottlenecks during the pandemic, better not lead to illegal auto

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The Margin: President Zelensky is becoming a respected war hero — and a cultural icon

Ukraine President Volodymyr Zelensky was already winning the war of public opinion against Vladimir Putin, with many world leaders condemning the Russian president for his “unacceptable” invasion of Ukraine. And then came the “Paddington Bear” video.  News reports have suggested that Putin has isolated himself and his country by invading Ukraine. The unprovoked attack has activated NATO troops and united the

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Mars4 Metaverse Listing on KuCoin

Humans have always had the ambition to explore outer space. To this day, the Moon Landing remains etched in history as one of the most highly regarded events of all time, one that continues to inspire over half a century later. Space travel is still far from universally available, such that even the planets and moons of our Solar System

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CityWatch: NYC’s COVID battle: A new mayor and a—slightly—new approach

As the restrictions and mandates surrounding the COVID-19 pandemic are being phased out around the U.S., subtly different methods of combating the virus in New York City are emerging between current Mayor Eric Adams and his predecessor, Bill de Blasio.  In a Siena poll released prior to his departure from office, de Blasio’s favorability rating among New Yorkers sank, with

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Outside the Box: Tell workers their schedule earlier — and 2 more cheap but effective ways to hold on to part-time workers amid the Great Resignation

While the “Great Resignation” and low unemployment rates have bolstered the bargaining power of salaried workers, the life of a typical part-time, hourly employee remains filled with uncertainty. This chronic uncertainty increases stress, fatigue, irritability, and decreases memory and performance. The financial health of a company’s part-time workforce also has tangible consequences for its own economic performance. Simple, proactive policy changes

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The Moneyist: ‘I’ve felt like an outsider my whole life’: My father died without a will, leaving behind my stepmother and her 4 children. Do I have any rights to his estate?

Dear Quentin, My father died five years ago. His second wife survives. She has two adult children from a previous marriage, and two adult children with my dad. We all have a good relationship. I understand they didn’t have a will at the time of his passing.   Do I, as his eldest child, have any rights to his estate or

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Survey Finds Majority of Saudis Aware, but Only a Few Invest in Crypto

YouGov’s latest survey released on Monday indicates that digital banking has become increasingly popular in Saudi Arabia. According to the survey, nine out of ten respondents (91%) say that they prefer online banking. Furthermore, 86% of respondents have even shown intention to switch to digital-only banking methods in the future. ADVERTISEMENT The data from YouGov’s latest survey indicates that in

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: Could retirees help solve the employment crisis?

Employers are desperate for workers in the post-lockdown economy. Wages are being raised and benefits more generous, yet finding workers remains a struggle.  The U.S. Chamber of Commerce in its Quantifying the Nation’s Workforce Crisis – State of American Business 2022 Update, notes that “The most critical and widespread challenge facing businesses is the inability to hire qualified workers for open

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: Supreme Court considers federal reach in curbing power emissions in case with major implications for Biden’s climate agenda

President Joe Biden’s ambitious plan to address climate change faces a potential hurdle as the Supreme Court on Monday hears arguments in a case that could restrict federal reach at power plants and beyond. The court, whose 6-3 conservative majority has already shown reluctance in broadening federal agency scope, will consider the Environmental Protection Agency’s (EPA) authority to regulate greenhouse

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Coronavirus Update: U.S. daily COVID case numbers return to pre-omicron levels and New York to drop face mask requirements for students

The U.S. tally of daily cases of COVID-19 has returned to levels seen before the highly infectious omicron strain was discovered in November, helping to lower hospitalizations, the number of patients in intensive-care units and the daily death toll. The U.S. is now averaging about 65,858 cases of COVID a day, down 62% from two weeks ago, according to a

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Deep Dive: This new competitor to the ARK Innovation ETF focuses on disruptive companies but aims to reduce volatility

Harbor Capital Advisors of Chicago, which manages $62 billion in active strategies, is switching gears, having opened six exchange traded funds in September. The goal is to mitigate the type of volatility that has been disconcerting to investors who have invested in high-beta funds such as the the ARK Innovation ETF. During an interview, Kristof Gleich, Harbor’s chief investment officer,

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