Author: News Room

New research suggests that Solana has emerged as a standout. It draws comparisons to tech giant Apple, especially for its innovative approach to melding hardware and software. However, the allure of Solana extends beyond just another Apple mimic. Unlike Apple’s hardware-centric approach, Solana inverts the equation, focusing on leveraging hardware to enhance and broaden the Web3 experience. How Solana Stands Out in the Crypto Market Co-founder Raj Gokal often articulates Solana’s vision as the “Apple of crypto.” It highlights the ambition to innovate through software, introducing new functionalities and experiences rather than only facilitating hardware sales. This analogy, while apt…

CNN confronts North Carolina’s GOP nominee to lead public schools who tweeted conspiracy theories CNN’s Shimon Prokupecz breaks down his interaction with Michele Morrow, a conservative activist who won the GOP nomination to lead North Carolina’s public school system, whose tweets between 2019 and 2021 called for the execution of prominent Democrats and referenced QAnon.

Topline The city of Chicago is suing firearms manufacturer Glock, accusing the company that makes one of the most popular handguns in America of “willfully” ignoring a design that allows users to install third-party modifications known as “auto sears” that make the weapons fully automatic. Key Facts According to the suit, auto sears allow “anyone with $20-$25 to spare and a desire to circumvent long-standing federal and state prohibitions on possessing fully automatic machine guns” to do so in about five minutes with common household tools and instructions readily available online. Auto sears allow modified Glock handguns to fire at…

Russian President Vladimir Putin has tasked Russia’s FSB spy network with helping businesses counter Western sanctions.The move follows increased Russian spy activity since Russia started the war in Ukraine.It shows how Moscow is aiming to counter tightening trade restrictions from the West. Russian President Vladimir Putin just gave Russia’s post-Soviet KGB spy network an assignment: counter Western sanctions and help Russian businesses expand into new markets.On Tuesday, Putin — a former KGB agent himself — called on the Federal Security Service, or FSB, spy network “to provide support to our companies that are actively developing despite the obstacles created for…

Investors ramped up bets that the first rate cut would come in June after Wednesday’s Fed meeting. CME’s FedWatch Tool showed expectations of a June cut hit 70%, up from 55% earlier in the day. The Fed’s dot plot forecasts three cuts in 2024. Market expectations for a June rate cut spiked Wednesday following the Federal Reserve’s decision to hold interest rates steady and its nod to three rate cuts still in the cards for 2024.Federal Open Market Committee members voted unanimously to keep rates within the 5.25% to 5.5% range. The decision was in line with expectations and marked…

By Rae Wee SINGAPORE (Reuters) – The dollar fell broadly on Thursday after the U.S. Federal Reserve maintained its interest rate cut projections for the year in the face of upside surprises on inflation, and did not strike a more hawkish tone as some investors had feared. The Australian dollar jumped after data on Thursday showed employment rebounded sharply in February and the jobless rate dived far below forecasts, pointing to a still-tight labour market there. The was last 0.33% higher at $0.6608, after having risen more than 0.4% to a one-week top of $0.6615 in the wake of the…

In a series of transactions this week, Novo Holdings A/S, a significant shareholder in Spruce Biosciences, Inc. (NASDAQ:SPRB), has sold a substantial number of shares, amounting to over $1.35 million. The transactions took place over three consecutive days and involved the sale of common stock at varying prices. On March 18, 2024, Novo Holdings A/S began the series of sales, disposing of 842,020 shares at an average price of $0.7684. This was followed by a sale of 593,000 shares on March 19 at an average price of $0.755. The final sale occurred on March 20, with 359,979 shares sold at…

AUD up 0.83% vs. USD after Fed holds policy steady. Wall Street up, praises US economy, labor strength post-Fed. US 10-year yield dips, Dollar Index down, hints AUD/USD rise. Mixed Australia PMI, strong job outlook may sway RBA policy. The Australian Dollar soared 0.83% against the US Dollar on Wednesday as the Federal Reserve held rates steady while maintaining their monetary policy outlook from last year, with 75 basis points (bps) of rate cuts in 2024. As the Asian session begins, the pair trades at 0.6595, up 0.14%. Aussie Dolar gains momentum amid the beginning of Asia session Wall Street…

Where many cryptocurrencies have taken a hit, Solana has shown resilience, which might become a foundation for an upcoming price reversal. Despite the overall downturn, Solana’s price performance has held relatively steady, suggesting the potential for a strong rebound soon. During the market’s downturn, Solana’s drop in value was not as steep as Ethereum’s, which lost 25% of its value from its local high. This relative strength hints at underlying support for Solana among its investors, which could fuel a more pronounced bullish reversal in comparison to other cryptocurrencies. The key support level for Solana appears to be around the…

Foremost Group CEO Angela Chao was intoxicated last month when she accidentally drove her Tesla X SUV in reverse over a wall into a pond on the Texas ranch she owned with her husband, billionaire venture capitalist Jim Breyer, according to a police report released Wednesday.Chao drowned after friends and rescue workers tried without success to get the 50-year-old shipping executive out of the submerged vehicle.That desperate effort is detailed in the new report, which concluded she died from an “unfortunate accident.”A toxicology report later showed that Chao had a blood-alcohol concentration of .233, the Blanco County Sheriff’s Office said…