Elon Musk is live at the Morgan Stanley conference providing an update on Twitter. He describing how Twitter has been made better for advertisers and its users. Elon Musk says he will make Twitter into the biggest Financial institution in the world using payments and other financial services by becoming an Everything App. Twitter is …
As of November 22 at 23:59 UTC, Binance users collectively held 575742.4228 BTC — that’s around $9.5 billion at today’s exchange rate. The Binance proof of reserves site is still showing that BTC figure despite reports of billions of dollars in withdrawals from Binance. This dashboard is quickly becoming the most popular on @nansen_ai Recommend …
Crypto exchange Binance is walking away from bailing out FTX. FTX has a shortfall of up to $8 billion. The Wall Street Journal reports that FTX Chairman and founder Sam Bankman-Fried is missing and may be on the run. As a result of corporate due diligence, as well as the latest news reports regarding mishandled …
Changpeng Zhao, 44, is worth about $100 billion and owns 90% of Binance and an unknown amount of cryptocurrency. Zhao was previously a member of the team that developed Blockchain.info and also served as chief technology officer of OKCoin. In April, 2021, Zhao said that nearly 100% of his liquid net worth was in the …
IonQ’s quantum computers are now powerful enough to demonstrate a state-of-the-art quantum algorithm from Goldman Sachs and QC Ware that could one day speed up Monte Carlo simulations. These simulations are key for problem solving in many industries, including finance, telecommunications, robotics, climate science, and drug discovery. Arxiv -Low depth amplitude estimation on a trapped …
Solvency is a concern for non-Tesla car companies. The Z-score formula for predicting bankruptcy was published in 1968 by Edward I. Altman, who was, at the time, an Assistant Professor of Finance at New York University. The formula may be used to predict the probability that a firm will go into bankruptcy within two years. …
A Tesla short-seller had an epiphany, but the ridiculous epiphany is that he realized that central banks are going to mostly engineer low-interest rates for decades. This is what should be embarrassing. There have been negative interest rates in Europe since 2014. Interest rates have mostly been below 1% in Europe since about 2009. Japan …
AscendEx will Launch SHOPX on May 6, 2021. This will provide access to the high-utility e-commerce token of the Splyt E-commerce Protocol. AscendEx was founded in 2018 as BitMax.io. AscendEx is a crypto and digital asset financial platform for professional and retail traders. It offers spot, futures and margin trading, and supports key elements of …
Federal Reserve Chairman Jerome Powell has just gave a zoom conference with two of his European counterparts that there is the possibility of Central Bank Digital Currencies. Jerome Powell talked about a possible move to Central Bank Digital Currencies. He said this would be slow but transparent process which would require specific authorization from Congress. …
People who reach a comfortable retirement have savings, assets and investments that enable them to pay for their spending without being required to work. Financial institutions and governments have described this as an achievable and desirable state for most of the middle class. It was generally argued that it was a crisis that people would …
Worldwide debt increased to $281 trillion and worldwide debt-to-GDP ratio is now over 355%. The Institute of International Finance’s global debt monitor estimated government support programs were half of the rise, while global firms, banks and households added $5.4 trillion, 3.9 trillion and $2.6 trillion respectively. During the 2008-2009 financial crisis the debt-to-GDP jumped 10 …