Author: News Room

Ki Young Ju, the CEO of CryptoQuant, a cryptocurrency on-chain and market data platform, has raised concerns about the growing fashion of memecoin pre-sales, especially on the Solana blockchain. This criticism occurs in the wake of a marked increase in activity and attention on memecoins like “Slerf” and the presale of “areyoustupid.sol,” which have led to a notable surge in Solana’s transaction fees and overall on-chain volume. Impact of Memecoins on the Crypto Industry Ki Young Ju further clarified what impacts memecoins may have on the wider crypto ecosystem. He claimed that memecoins could outshine the work of dedicated teams…

The Supreme Court on Monday indefinitely blocked Texas from enforcing an immigration law that would allow state officials to arrest and detain people they suspect of entering the country illegally. The so-called administrative stay will remain in place while the court considers emergency appeals from the Biden administration and others, who want the justices to block enforcement of the law while their legal challenges to it play out. Monday’s order does not include an expiration date for the stay. The order came from Justice Samuel Alito because he oversees matters arising from the appeals court that is currently weighing the case.…

Dispatches from Ukraine. Day 754. Odesa mourns the death of at least 21 civilians in Russian missile strikes on March 15. The Kremlin’s mid-day attack on the southern city of Odesa came in two waves, designed to catch first responders arriving after the first round of explosions. A local paramedic, and a firefighter with the State Emergency Service, who had both arrived at the scene after the first missile strike, were among those killed. Thirty-nine people were rushed to the hospital; some three dozen others suffered minor injuries. On Sunday, March 17, compassionate Odesa residents gathered to pay their last…

OpenAI’s Sam Altman isn’t interested in beating Google at search.Building a better search engine than Google, Altman said, is “boring.””I don’t think the world needs another copy of Google,” Altman told podcaster Lex Fridman. OpenAI CEO Sam Altman says he isn’t interested in beating Google in the search business.”I find that boring. I mean, if the question is if we can build a better search engine than Google or whatever, then sure, we should go, people should use the better product,” Altman told podcaster Lex Fridman in an interview that aired Monday. “But I think that would so understate what this can…

Dry January — the annual rite of atonement that involves temporarily swapping cocktails for non-alcoholic libations — is becoming so popular that it’s showing up on Wall Street’s radar.On Friday, the head of the exclusive hotel and social club chain Soho House said the company saw a record rise in non-alcoholic drink sales during this year’s Dry January. The bump came even as members spent slightly less than last year on food and beverages in the three months before January.”What we also saw in January was a much bigger spike in non-alcoholic beverage consumption, much more than we’ve ever seen…

By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Monday denied a request by Donald Trump’s former aide Peter Navarro to avoid prison while he appeals his contempt of Congress conviction for defying a subpoena from a panel that investigated the 2021 Capitol attack. Navarro, who served as trade adviser during Trump’s presidency, is set to become the first senior member of his administration to be imprisoned for actions related to the attempt to overturn Trump’s 2020 election loss. Navarro is slated to arrive at around 11:30 a.m. ET on Tuesday at a federal prison in Miami to begin…

(Reuters) – The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus. The shift makes Japan the last central bank to exit negative rates and ends an era in which policymakers around the world sought to prop up growth through cheap money and unconventional monetary tools. Following are excerpts from BOJ Governor Kazuo Ueda’s comments at his post-meeting news conference, which was conducted in Japanese, as translated by Reuters: IMPACT OF CENTRAL BANK’S…

By Engen Tham, Ziyi Tang and Clare Jim SHANGHAI/BEIJING/HONG KONG (Reuters) – A rare Beijing directive to help Vanke beat a liquidity crisis has left lenders scrabbling for the assets that the state-backed developer has proposed for collateral, as parties pull out all the stops to arrest deterioration in the property sector. China Vanke is gasping for funding after sales in both January and February fell below the monthly break-even point of 20 billion yuan ($2.8 billion), meaning cash flowed out of the business, an internal memo showed. China’s property sector has been in the throes of a crisis since…

Here is what you need to know on Tuesday, March 19: The volatility surrounding the Japanese Yen and the Australian Dollar heightened during the Asian trading hours on Tuesday as investors assessed the monetary policy announcements from the Bank of Japan (BoJ) and the Reserve Bank of Australia (RBA). Later in the day, ZEW Survey from Germany and Consumer Price Index (CPI) data from Canada will be watched closely by market participants. The US economic docket will feature Building Permits and Housing Starts figures for February. The BoJ announced that it lift the interest rate by 10 basis points (bps) from…

South Korean regulators talked to officials from ASEAN, the Association of Southeast Asian Nations, and the OECD about crypto policy in Seoul on March 18. Per Yonhap, the event was hosted by the Seoul-based Financial Services Commission (FSC), South Korea’s top financial regulator. South Korean Regulators Aiming for International Crypto Cooperation? The FSC announced that its international conference would “share the progress of digital finance policies in ASEAN countries.” The parties said they wanted to “resolve risks” surrounding crypto and other matters. The regulator said the meeting was part of an event named “South Korea-OECD Roundtable: On Digital Finance in…