Several hedge funds have suspended trading on Binance, one of the largest cryptocurrency exchanges, after the company has come under fire from regulators in several countries. Regulators in Britain, Hong Kong, Japan, and Lithuania have turned their sights on Binance in the last four weeks, alleging a variety of infractions. (See “More Trouble for Binance,”...
Tag: jul 27 2021
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BITCOIN: AN INFLATION HEDGE?
Bitcoin’s proponents have long touted the cryptocoin as a hedge against inflation, in part because there is only a fixed number of the coins in existence . Now, after rising from a high price below $7,000 in January 2020 to more than $60,000 this year, Bitcoin’s value haD been cut nearly in half since mid-April,...
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JPMORGAN GIVES ALL ADVISED CLIENTS ACCESS TO CRYPTO TRADES
JPMorgan Chase will give all clients asking investment advice, not just the wealthiest, the chance to trade cryptocurrency funds, according to Business Insider. Although clients have been pressing banks for access to crypto through their accounts, JPMorgan would be the first to grant the request. The bank’s advisors will not be allowed to recommend investments...
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IT’S WAR!
By Bradley J. Steiner, American Combato It is amazing how often individuals who are students of what they believe to be “self-defense” recoil from what we have to say or to write about defending against violent criminal attack being essentially the same thing as engaging in combat with an enemy during the course of a...
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CUBA CRACKS DOWN ON PROTESTERS
Cuba intends to prosecute protesters involved in the youth-led protests that broke out earlier this month that were seen as a historic challenge to the communist regime in Havana. Predictably, Cuba took swift action to stem the unrest and seems intent on making examples of these detainees. The Wall Street Journal pointed out that there are hundreds...
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TALIBAN VICTORY: ANOTHER U.S. MILITARY FAILURE
The U.S. military conducted airstrikes on Taliban positions outside the southern city of Kandahar—the birthplace of the militant group—that observers say underscores the dire situation in the country. The New York Times said the strikes “reflect both the level of American worry and the Afghan military’s continued need for U.S. air support, as Washington attempts to...
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U.S.: BOMBS AWAY IN SOMALIA
The U.S. Africa Command on Friday authorized its second round of airstrikes in northern Somalia amid clashes between Al-Shabab fighters and the country’s armed forces, reports said. The New York Times reported that the U.S. carried out two separate airstrikes last week to support the country’s Danab, the elite “American-trained Somali commando force.” The first airstrike...
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ETHIOPIA’S WAR: TIGRAYAN FIGHTERS OPEN NEW FRONT
The Tigray People’s Liberation Front continued on its move last week to repel federal troops in various parts of the country of 114 million people, which has raised new concerns that Ethiopia could be torn apart. As we have been reporting, Prime Minister Abiy Ahmed, the 2019 recipient of the Nobel Peace Prize, ordered a...
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BIDEN RAMPS UP PRESSURE ON CHINA
The Biden administration is continuing the pressure campaign put into place by the Trump White House—to counter China and rally allies. Reuters, citing a senior U.S. official, reported that Wendy Sherman, the U.S. deputy secretary of state, will be meeting with top officials in Tianjin, China, early this week to “underscore that we do not...
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FORGET DEMOCRACY, AI CAN ADVISE, SAYS “PROJECT DEBATER” CREATOR
From Israel comes a report that AI is being developed with the idea of offering alternatives to democratic voting. As literally dehumanizing as that sounds, it provides insight into the minds of AI innovators like Dr. Noam Slonim, part of an IBM Research Lab endeavor dubbed “Project Debater.” The abilities of AI developed by the...