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Manchin calls for deal on Social Security, Medicare, Medicaid in new Congress Centrist Sen. Joe Manchin (D-W.Va.) on Thursday called for a broad bipartisan deal to protect the solvency of Social Security, Medicare and Medicaid, popular programs that face serious funding issues over the next few decades. “You’re going to get your financial house in…
Five ways Netanyahu’s return could shake up Israel and the world Former Israeli Prime Minister Benjamin Netanyahu is set to return to power after teaming up with far-right parties to win this week’s elections. Results from the election show Netanyahu’s conservative coalition is expected to win as much as 65 seats in the 120-member Knesset….
5 key takeaways from the Federal Reserve’s rate hikes The Federal Reserve ramped up its battle against inflation Wednesday with another large interest rate hike amid griping that the central bank’s efforts will plunge the U.S. into a recession. The Fed boosted its baseline interest rate range by 0.75 percentage points for the fourth…
Federal Reserve hikes interest rates by 75 basis points for fourth time this year The Federal Reserve on Wednesday hiked interest rates by three-quarters of a percentage point, pressing even harder on the brakes of the economy in a scramble to slow inflation. The Federal Open Market Committee, the panel of Fed officials responsible for…
” 5,000 miles apart: Thailand and Hungary to jointly explore blockchain tech “ The financial technology associations for Thailand and Hungary have signed a bilateral Memorandum of Understanding (MOU) to support the introduction of blockchain technology to their respective financial sectors. The MOU, signed by the Thai Fintech Association (TFA) and the Hungarian Blockchain Coalition…
” Celsius Network’s bungling showed why centralization can’t protect privacy “ In Celsius Network’s recent court filing, the billion-dollar centralized finance (CeFi) platform exposed more than 14,000 pages of customer identity and on-chain transaction data without user consent — a prescient reminder that privacy absent decentralization is no privacy at all. As part of its…
Musk moves quickly to remodel Twitter Elon Musk wasted no time beginning to remodel Twitter after closing his deal to acquire the company Thursday night, quickly cutting key staff, doubling down on plans to lift lifelong bans and previewing plans for a council to determine content decisions. The changes he’s made so far confirmed suspicions critics had about the direction the billionaire space…
Musk plans to end lifetime Twitter bans Twitter owner Elon Musk plans to end lifetime bans on the platform as he steps into the role of CEO at his newly acquired company. Musk, who closed his $44 billion deal with Twitter on Thursday, does not believe in lifelong prohibitions from social media sites, an anonymous…
Five questions looming as Elon Musk’s Twitter deal nears closing Elon Musk appears to be on the cusp of finalizing his $44 billion deal to take over Twitter ahead of a court-imposed Friday deadline, but the future of the platform remains uncertain as the billionaire space and auto executive prepares to jump into the social media scene. Ahead of the expected closing,…
” United Kingdom banks hate crypto, and that’s bad news for everyone “ In 2018, the United Kingdom’s Financial Conduct Authority (FCA) wrote to the heads of the country’s biggest high street banks to emphasize the importance of due diligence when dealing with crypto businesses. That seems to have led to widespread high-risk ratings and…