35 Burst results for "$7 Million"
Mark Levin
China's Naval Dominance Rises as U.S. Focuses on Diversity
"Around the world the upper hand. China wants to set the stage right now to be able to have absolute naval supremacy in the South China Sea. What are we worried about in the United States of America? Back home? We're worried about that? We're looking at the warnings of history to think to ourselves, hey gee, maybe we should try to do something about this? Nope. Instead, what we're worried about is are we spending enough on diversity, equity, inclusion and accessibility? DOD The has scaled up its spending on DEIA in the past three years, jumping from $68 million in fiscal year 2022 to $86 .5 million in fiscal year 2023. But that figure surged another $28 .2 million to $114 .7 million in the department's initial year 2024. If a DOD's initial request for DEIA funding in the final legislation, the department will have spent $270 million on diversity initiatives across the last three years. $270 million on diversity initiatives. Biden's Pentagon has repeatedly pushed for further adoptions of the DEI agenda in its operations. The department's strategic management plan for fiscal years 2022 to 2026 listed one of its goals as
Ethereum Daily
A highlight from Rafts $R Stablecoin Suffers $3 Million Exploit
"Welcome to your Ethereum news roundup, here's your latest for Friday November 10th, 2023 Raft suffers a 3 .3 million dollar exploit, Oboe Network will launch to main it open beta on December 1st, Aragon introduces a plugin for multi -chain governance, and an Etherrock NFT sells for 100 ETH. All this and more starts right now. Stablecoin protocol Raft experienced an exploit resulting in a loss exceeding 3 million dollars. Raft allows users to mint its rStablecoin through collateral depositions using Ether or Liquid Staking tokens as collateral. An attacker was able to mint 6 .7 million uncollateralized rStablecoins using a series of flash loans. The stablecoins were then swapped for ETH on Balancer. Unexpectedly, the attacker burned 1 ,570 Ether, valued at around 3 .3 million dollars, by transferring it to a null address. The Filema engineer 0xNGMI noted that the burn led to a net loss for the attacker. Raft has since halted the minting of new r tokens. Users who have active positions on Raft can still repay their positions and withdraw their collateral. Obel Network is set to launch its Mainnet Open Beta on December 1st, allowing anyone to operate distributed validators on Mainnet. Distributed validators, which distribute a validator's key across multiple nodes, enhance Ethereum's fault tolerance by ensuring continued validation even if a node in the cluster goes offline. Obel also introduced the Obel SDK, a TypeScript tool for creating and managing DV clusters, and Obel Splits, a series of smart contracts for handling reward, principal, and fee allocation within DV clusters. Obel is also launching a credential program for validators who successfully complete DV -related tasks. Argon introduced a multi -chain governance plugin that uses Layer 0 for cross -chain messaging and zkSync era for cost -effective vote settlement. The plugin allows DAOs to manage assets and permissions across multiple EVM chains from a single Mainnet DAO contract, helping improve cross -chain protocol governance. The plugin is open source and will be available on the Argon app in early 2024. And lastly, an Ether Rock NFT sold for 100 Ether, which is equivalent to about $209 ,000. Ether Rock is a collection consisting of 100 NFTs, each featuring a distinct clip -art image of a rock. The collection was originally created in 2017. Following the sale, the minimum price to acquire an Ether Rock NFT is now 150 Ether. In other news, Poloniex suffers a $120 million exploit, RISC -0 introduces Bonsai Pay, and ERC -7556. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you on Monday.
Coronavirus
A highlight from Rafts $R Stablecoin Suffers $3 Million Exploit
"Welcome to your Ethereum news roundup, here's your latest for Friday November 10th, 2023 Raft suffers a 3 .3 million dollar exploit, Oboe Network will launch to main it open beta on December 1st, Aragon introduces a plugin for multi -chain governance, and an Etherrock NFT sells for 100 ETH. All this and more starts right now. Stablecoin protocol Raft experienced an exploit resulting in a loss exceeding 3 million dollars. Raft allows users to mint its rStablecoin through collateral depositions using Ether or Liquid Staking tokens as collateral. An attacker was able to mint 6 .7 million uncollateralized rStablecoins using a series of flash loans. The stablecoins were then swapped for ETH on Balancer. Unexpectedly, the attacker burned 1 ,570 Ether, valued at around 3 .3 million dollars, by transferring it to a null address. The Filema engineer 0xNGMI noted that the burn led to a net loss for the attacker. Raft has since halted the minting of new r tokens. Users who have active positions on Raft can still repay their positions and withdraw their collateral. Obel Network is set to launch its Mainnet Open Beta on December 1st, allowing anyone to operate distributed validators on Mainnet. Distributed validators, which distribute a validator's key across multiple nodes, enhance Ethereum's fault tolerance by ensuring continued validation even if a node in the cluster goes offline. Obel also introduced the Obel SDK, a TypeScript tool for creating and managing DV clusters, and Obel Splits, a series of smart contracts for handling reward, principal, and fee allocation within DV clusters. Obel is also launching a credential program for validators who successfully complete DV -related tasks. Argon introduced a multi -chain governance plugin that uses Layer 0 for cross -chain messaging and zkSync era for cost -effective vote settlement. The plugin allows DAOs to manage assets and permissions across multiple EVM chains from a single Mainnet DAO contract, helping improve cross -chain protocol governance. The plugin is open source and will be available on the Argon app in early 2024. And lastly, an Ether Rock NFT sold for 100 Ether, which is equivalent to about $209 ,000. Ether Rock is a collection consisting of 100 NFTs, each featuring a distinct clip -art image of a rock. The collection was originally created in 2017. Following the sale, the minimum price to acquire an Ether Rock NFT is now 150 Ether. In other news, Poloniex suffers a $120 million exploit, RISC -0 introduces Bonsai Pay, and ERC -7556. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you on Monday.
The Dan Bongino Show
Dinesh D'Souza: The Police State Uses Plea Bargaining to Exploit Systems
"A it's a it's a it's an entity of war with itself in this police state there's story a of this grand canyon university sued the biden administration in court did quite well now they find cells on the end of a on the receiving end of a regulatory onslaught and a 37 .7 million dollar fine there's a whole editorial in the wall street journal for nonsense nonsense total nonsense that nobody takes seriously the day same donald trump's in court for a civil trial for a civil trial with no victims for he paid off where the banks have no are not litigants in the case i mean isn't the process the punishment for these police state people fully understand when they get the reins of government that they can make people's lives i mean i saw this in my own case going back to two thousand thirteen you know you just feel the vulnerability when you are up against the full power of the u .s government they have unlimited resources they have a massive federal rule book that's like an accordion and it's very easy for them just to reach in and here pull out this sheet and then they have the power of using the legal bludgeoning that sometimes goes by the name plea bargaining which is hey well you know you're facing 10 years but if you plead guilty and you'll get only a year but then of course the left gets to jump up and down and go see see he admitted he did it even though even an innocent person would have every incentive to take the plea deal so this is a stacked system and I think what's really bad is that the system is now being exploited ruthlessly by this combination of left -wing ideologues who make up juries left -wing judges who are willing to abuse the system left -wing prosecutors coming out of the Biden regime so the police state is very real and were even discovering it in small ways and things happening to the movie itself almost in a kind of stunning confirmation of the movie the the movie itself is being in a sense thwarted
The Bitboy Crypto Podcast
A highlight from $1.96 Billion Crypto Powerhouse! (What You Need To Know About Compound)
"Listen up, folks. I need you to stop saying yes to crappy 0 .1 % interest your bank offers because, frankly, they're making billions and robbing you blind. And that's why I'm here to tell you about Compound Finance and its native token comp and how it could be the best way to make your money work for you. But be careful. This video may make you never want to use a bank ever again. It's time to discover crypto. Compound is a permissionless and decentralized finance protocol that was founded by Robert Leshner and Jeff Hayes back in August of 2017. And about a year later, the Compound protocol launched on the Ethereum blockchain. It started out with $25 million raised in a seed round in 2018 and $8 .2 million worth of venture funding that was raised at the end of 2019. Compound has notable investors like Bain Capital, Coinbase, Dragonfly Capital, Polychain Capital, A16Z and Paradigm. Then, in the midst of global lockdowns, Compound ICOed in June 2020. ICO means Initial Coin Offering, which is similar to an IPO in TradFi land. Initially, 42 % of the tokens were allocated to liquidity mining, about 24 % to shareholders, 22 % to the founders and team, and then 7 .7 % to the community and 3 .7 % to future team members. Within 5 days of the ICO, the price of Comp jumped to over $300. And at the height of the last bull run of 2021, one Comp was worth over $900 USD. Comp has a total supply of $10 million and its circulating supply has reached almost $7 million. Comp is inflationary and with a little over 1 ,200 Comp emitted per day, Comp is estimated to reach its maximum cap around July 2024. These emissions are distributed to the protocol users, half going to suppliers of the assets and the other half to the borrowers. Other than holding Comp as an investment vehicle, you can also use it for governance, submitting and voting on proposals. Okay, so let's talk a bit more about what the protocol actually does. But before we do, make sure you like this video, subscribe to the channel if you haven't already. Compound creates money market funds in the crypto space, pulling tokens from users with algorithmically determined interest rates based on the supply and demand for the tokens. So if a lot of people want to borrow USDC, but not a lot of people are lending, the interest rate goes up and vice versa. Compound uses smart contracts, which are autonomous decentralized digital contracts that automatically execute tasks once a certain requirement is met. Compound smart contracts allow peer to peer borrowing and lending directly without a centralized intermediary like a bank or the mob. But who am I kidding? They're basically the same thing. When you lend an asset on Compound, you receive a new asset representing what you're lending. For example, if you lent USDC, you'll receive CUSDC in return. You can supply tokens through the protocol and earn a return as well as take out a loan. And Compound covers its expenses by taking a small percentage of the interest earned. Compound was also one of the first platforms to introduce yield farming, which means users lock up their tokens to earn rewards. But you may be thinking, wait, didn't a ton of lending platform just go into bankruptcy? Looking at you, Celsius and BlockFi, why is Compound better? Well, remember, those other companies were centralized entities, not to mention their loans were under collateralized and the management of those companies made really bad investment decisions with their users funds. The collapse of these companies actually leaves Compound in a rosy light because it shows exactly how much collateral protocols need to demand to provide sustainable loans. With a decentralized platform, the community votes on the direction of the protocol. So there's less opportunity for the greed and recklessness of the few to completely wreck the life savings of the many. But remember, I'm not recommending you put your life savings into any one platform. In fact, I'm not recommending anything. This isn't financial advice, and you always have to do your own research and practice proper risk management. There's no way to earn yield on crypto that is 100 % safe. But Compound has almost $2 billion total value locked with $2 .34 billion of collateral that's backing $889 million worth of borrowing. That's about 1 .5 times the amount of the loans that Compound has given out, which means the platform will be able to weather the ups and downs of the bear and bull markets. And funnily enough, BlockFi, Celsius, and Compound were all founded in 2017, and yet Compound is the only one who made it out of the dark depths of the 2022 bear market, alive and kicking. Plus, Compound doesn't require KYC or identity verification, so you can borrow or earn interest without giving away your priceless personal information to an entity that could really do anything it wants with your data. But another reason we think Compound is worth talking about is that it's been vigorously audited and verified in comparison to the other decentralized lending platforms, which means Compound is attempting to make your assets as secure as possible. And Compound is so concerned about security that it takes every opportunity to learn from the mistakes of other protocols. Back in October 2022, Compound paused the supply of YFI, ZRX, BAT, and Maker to protect against market manipulation attacks after a Comp governance proposal called out the low liquidity for these tokens and potential vulnerabilities for the platform. And after Ave experienced an exploit attempt back in the fall of 2022, Compound passed a proposal that imposed loan limits and introduced borrowing caps for certain coins in an attempt to lower risk. This brings me back to how important the open source decentralized governance is for the safety of Compound. The community has the platform and the user's best interest in mind and work together to protect them. Compound has been quietly building over the past year in anticipation of the forthcoming bull run. In May 2023, Compound announced it would now be available on Arbitrum, which is the largest layer two scaling solution in terms of total value locked. For now, you can only use ARB, GMX, Wrapped ETH, and Wrapped Bitcoin to borrow USDC, which is another tip by Compound to manage risk on its platform. And if that wasn't enough hype for you, Compound also recently launched a mechanism called Encomber, which allows users to retain ownership of their tokens while granting other users the right to transfer their tokens. This is a huge milestone for the platform because it provides a ton of potential use cases. Obviously, this assists the current lending markets because users can encumber their tokens as collateral to lending markets, allowing them to maintain custody. This also creates an opportunity for trading where a user could encumber their tokens to a logic contract that has the option to buy the tokens at a certain price. And if that price isn't met or the contract expires, the tokens never leave the seller's account. But I know there are countless potential use cases for this technology, and I'm excited to see where it goes. The other big piece of Compound news is that the founder resigned over the summer. You think that would make investors nervous, but funnily enough, it had the opposite effect. The price of Comp skyrocketed from a low in June around $26 to a high in July of almost $80. That's almost a 3X during the bear market, folks. Robert Leshner, who you'll remember as one of the Compound founders, resigned as CEO to focus on his new business venture, Superstate Trust, which is a fund focusing on short -term government bonds, government agency securities and other government -backed instruments. Leshner had already raised $4 million from a variety of DeFi investors when he made this announcement. And the coolest part about Superstate is that it plans to use Ethereum blockchain as a secondary record -keeping tool. This seems to mean that the shares in the fund will be recorded on ETH. Leshner wrote, This statement implied that Superstate shares might eventually be available on Chain, causing rumors to run rampant that Comp holders might receive an airdrop of Superstate tokens. If you want to pick up some Comp, you can get it on various centralized exchanges like Binance, Coinbase and Kraken, or you can check out decentralized options like Uniswap or SushiSwap. I think Comp is a sleeping giant that will crush the next bull run. But I'd love to hear what you think. Are you an investor in Comp? Do you think you'll go back to its all -time high in the next bull run? Or will it soar past to the moon? Leave a comment below and tell me what you think. And I'll see you at the top.
The Breakdown
A highlight from Will the WSJ Retract Their Bogus Crypto Terror Financing Reporting?
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Thursday, October 26th, and today we are talking about crypto Twitter versus the Wall Street Journal. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, if you have been anywhere near crypto Twitter for the last couple of days, you know that there is a war going on. It is a proxy battle of our ongoing war with the Elizabeth Warren faction and Operation Choke Point 2 .0 that is specifically focused now on the Wall Street Journal. Now, the leader of our faction in this battle has been Nick Carter. Yesterday on October 25th, Nick did a quick recap of the situation which we'll use to start before we broaden things out. Nick writes, So just to recap, Wall Street journalists Angus Berwick and Ian Talley write a flurry of articles citing elliptic data claiming that PIJ, a Hamas affiliate, raised $93 million in crypto and cites BitOK claiming Hamas raised $41 million. Senator Warren uses this article to claim Hamas raised over $130 million in crypto. This article is her sole citation in her letter. The entire letter depends on the Wall Street Journal article. Over 100 members of Congress sign the letter, which asks for the Biden administration to further crack down on crypto. Chainalysis comes out with an article disputing the WSJ claims, saying that instead of $82 million of terror financing, the real figure is around $450K. It's unclear which wallets they are referring to. Either way, it looks like the Wall Street Journal analysis is vastly overstated. WSJ refuses to follow up or retract, instead writing more articles relying on their claims. Nick then asks a set of questions about where the BitOK report is and whether they stand by it, whether Elliptic was going to make a statement, and could Chainalysis confirm which WSJ claim they were responding to. When it came to the seriousness of this, Nick pointed out, Because this letter was signed by fully 20 % of the U .S. Congress and the entire thing relies on the WSJ article and it is directing the national security apparatus against the At the end of the day, if the WSJ analysis is correct, I want to know that. If it's false, it's a gigantic scandal and we absolutely deserve to know that. Bitcoin is money for enemies and yes, bad people will use it. We also have tools to interdict that and limit its use in illicit finance. We just deserve to know the truth, and none of the WSJ, Elliptic, nor BitOK are helping us find it out right now. For the sake of the entire industry, Elliptic needs to do the right thing and either defend the WSJ or refute them. So that brings us up to where we start our piece, which is that the firm in question here Elliptic published a blog post seeking to set the record straight on how Hamas was using crypto as a funding source. Elliptic had originally published in July that Israeli officials had seized crypto wallets containing $93 .7 million. The seizure order was targeting funds raised by Palestinian Islamic Jihad, which is another designated terrorist group. The initial report from Elliptic clearly stated that Now, this report was picked up by the Wall Street Journal, as you might have grokked by now, which used it as a source for an article published on October 10th, just days after the horrific attack in Israel. Entitled Hamas Militants Behind Israel Attack Raised Millions In Crypto, the article was fairly clear in its contention. It stated that Hamas's lightning strike on Israel last weekend has raised the question of how the group financed the surprise operation. One answer? Cryptocurrency. Now, of course, as you also heard and as you've no doubt already seen, that article was used as the basis for a letter from Senator Elizabeth Warren and over 100 of her congressional colleagues. The letter was sent to the White House and the Treasury demanding action on crypto's use in terrorism financing. The following day, however, Chainalysis published a blog post questioning the numbers contained in the original Elliptic report, and in particular, the way that they had been interpreted by the Wall Street Journal and Warren. Chainalysis noted that when Elliptic quoted the $93 million number, they were including funds held in an exchange wallet. According to blockchain forensics performed by Chainalysis, they found that only 450 ,000 of that larger sum was tied to wallets identified as belonging to terrorist organizations. The rest of that $93 million was presumed to be funds owned by innocent users of the exchange due to a lack of contrary information. Then from there, we waited. A week passed with no acknowledgement of this issue from Elliptic or the Wall Street Journal. And of course, as you've heard, this issue was a big deal to many in the industry. It appeared as though Elizabeth Warren was using a misinterpretation of blockchain analytics data to drum up support for her crypto anti -money laundering bill. That bill deals with on -chain KYC requirements and frankly isn't even related to the issue of exchanges servicing terrorist groups. Now, just a few hours after that viral tweet thread that you heard from Nick Carter a moment Elliptic released a blog post claiming that indeed the Wall Street Journal had misinterpreted their report. They wrote, The rest of the post explained how crypto had become an increasingly poor tool for terrorist financing with the rise of blockchain analytics. Elliptic noted the most public crypto financing campaign since the attack has been from pro -Homas news organization Gaza Now. The campaign has only raised $21 ,000 in crypto donations and most of those funds have already been frozen. Elliptic was unequivocal in calling out the misuse of their report, stating that as a significant source of funds for Hamas and other terrorist groups, but the data simply does not support this. No public crypto fundraising campaign by a terrorist group has received significant levels of donations relative to other funding sources. They explained that, Careful and detailed understanding of blockchain analysis is needed whenever approaching a nuanced and sensitive topic such as this. As for the Wall Street Journal and Elizabeth Warren, at the time of recording there has been no retraction or public statement. Ian Talley, one of the authors of the Wall Street Journal article acknowledged the outrage on Twitter but did not offer a retraction or admit that his article had been used in a misleading way by Warren. Instead, he doubled down, publicly standing by his reporting. Talley noted a few caveats that he had buried deep in the article, as if they were enough to offset the inflammatory headline. Throughout the article, Talley had used qualifiers attached to what we now know to be wildly inflated numbers based on no real evidence. For example, he wrote that PIJ received as much as $93 million in crypto. In his follow -up tweets, Talley seemed to be making the point that these minor caveats were enough to live up to journalistic standards, despite the inflammatory and misleading headline and opening paragraphs. Later in the evening, as the full weight of crypto Twitter descended upon him, which is to be fair, no easy thing to bear, Talley devolved into posting bizarre quotations which seemed at times to insult his critics for not being smart enough to read his article properly and understand its nuance. Of course, the Warren letter contained none of this supposed nuance, stating plainly, between August 2021 and this past June, Hamas and PIJ raised over $130 million in crypto. This false claim was wedged between two references of the Wall Street Journal article to give it an air of credibility. Today's episode is brought to you by Kraken. For far too long, the whole financial system has been standing still, too slow, only on for certain hours. Overly designed for some types of people, but not for others. Crypto, at its best, represents progress. It asks the question, what if? It invites people in instead of leaving them out. It's on 24 -7, 365, and moves at the speed of real life. Not everyone believes it, we've got our fair share of detractors, but that's the way it always is when you're building something new. Kraken is a crypto company that has been through the highs and lows of the industry, facing forwards towards progress throughout. And now they're inviting us to see what crypto can be. Learn more at kraken .com slash the breakdown.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 14:30 Parabolic Blow-Off Top Will Send Bitcoin to $300K
"In today's show, I'll be breaking down the latest technical analysis as Bitcoin price gets a new $25 ,000 target as the SEC decision day boost and GBTC, the grayscale Bitcoin trusts and this just in half of all the Bitcoin supply hasn't moved in two years. Quoting the high priest of Bitcoin, we're not fricking selling. Max also said back in 2013, I was trying to get the Palestinian central bank to switch to Bitcoin as a way to establish independence and freedom. If they had their economy would be near the biggest in the region now preach also breaking news. The president of Madeira announces the launch of a Bitcoin business hub to foster local innovation, Bitcoin game theory and full effect. Also, the bombshell was dropped. Caroline Ellison revealed secret recording, a recording offering a trove of explosive revelations surrounding FTX. We'll also be discussing what happens if the SEC doesn't appeal the grayscale spot Bitcoin ETF ruling as the deadline is today. We'll also be discussing MicroStrategy CEO Michael Saylor, predicting a spot Bitcoin ETF could increase the price of Bitcoin by 10 to 100 X, bringing the price action to $270 ,000 to $2 .7 million per coin. I'm also going to be sharing with you a theory could explode over 2100 % hitting a target of $35 ,000 according to a $820 billion global bank. I'll be breaking down this report as well as a crypto analyst predicts the next Bitcoin cycle top at $135 ,000 as well as Mark Yusko predicts a parabolic blow off top coming for Bitcoin after $300 billion in institutional money arrives. In fact, I'll be breaking down his $300 ,000 price target, which he says should be arriving soon. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show.
The Greg McAfee Show
Discover Why Businesses Fail: The Reasons Leaders Must Be BOLD
"You know, there's top reasons why businesses fail. Complacency, not putting the customer first, not relentlessly being innovative, growing too fast without a plan, hiring wrong, lack of money, bad partnerships, no marketing, branding or advertising, lack of change, and not having good counsel or good coaching. Well, all those are true and we could go on and on and on why businesses fail. Every single day, there's 30 .7 million small businesses in the United States today. Fifty percent of them fail the first year. You know, and 66 % of those have financial challenges. I've talked a lot on this short show that we've had for 120 -some shows now that I've produced. We've talked about financial issues. That's huge. However, nowhere do we talk about why businesses fail because leaders need to be more bold. And that's what we need to talk about more. You know, I've done it wrong. I've done it wrong several ways. I've been in business 33 years now. So I know what doing it wrong means. I've learned from doing it wrong. And here's some things that I've learned about keeping people too long on your team. Number one, I had lack of help. So I just kept someone because a body was better than nobody. And I had lack of training, so we can't replace them fast enough. And the employee was just a nice person and they desperately needed this job. So we kept them too long. And for some, it's avoiding conflict. You just don't want to have conflict. So you just leave them on your team and they don't produce and you're losing money with them, but you just keep them. And then there's hoping that some miracle that God will just provide a miracle to help these people and their performance. And you're just hoping that they will improve and God can do anything. We know that, but it doesn't happen and we still keep them. So, and maybe we just feel guilty about our weak leadership and that we're not doing it right and we're not training them well enough and we're not setting expectations well enough. So we just leave them on the team. By the way, when we do that, it just affects the entire team,
The Dan Bongino Show
Charles Marino: Majority of the Millions of Migrants Cannot Be Vetted
"And it's over. Good night, Irene. You're not going to save him in time. Yet this is the craziest thing. We have this open border policy where we're not only letting people in, we're not vetting them at all because there's no link up in the computer systems where we we can vet these people. They come from a country, say like Afghanistan, that doesn't have a DMV like we know it. They're not. There's a photo, I get retinal scans going on. The guy could say, my name is Joe Smith Afghanistan. from We're like, oh, OK, come on in. I mean, you're guaranteeing an assault on the president. when And their lives are at stake, I guess the point I'm making, when their lives are at stake, security's airtight. Yet when our lives are at stake, they don't seem to care at all. The border's totally open. No, you're We're not taking the same care with respect to the safety and security of the American public based on who we're letting into the country. And let me reinforce what you're saying. Look, I know you know what you're talking about. listeners Your know, you know what you're talking about. But let me reinforce it anyway. You are exactly right. Of the eight million people that have been encountered, the majority of them cannot be thoroughly vetted. This is a fact. We do not share information with the majority of countries of origin that we're encountering at the border. And then you add to that the 2 .7 million got aways, which is probably likely more likely six million. And then there are those, that bucket that goes totally undetected, where we don't know how many of those have made it into the country. Look, this has been one of the most asinine national security approaches by any administration in the history of this country. It undercuts directly every single agency that is tasked with protecting the homeland. This is not putting them at an advantage to stop the next attack in the United States. This is putting them at a serious and disadvantage they know that and that's why the threat level in the country right now is blinking
Ethereum Daily
A highlight from Uniswap V3 Contracts Live On zkSync Era
"Welcome to your Ethereum news roundup, here's your latest for Thursday October 5th, 2023. Uniswap v3 contracts go live on zksync era, party protocol deploys on base, open zeppelin releases contracts version 5 .0, and favor raises a 7 million dollar seed round. All this and more starts right now. Uniswap v3 contracts have been deployed on zksync era, with the first implementation featured on OkuTrade, a DeFi trading platform developed by GFX Labs. Partially funded by a grant from the Uniswap Foundation, OkuTrade serves as a user interface for Uniswap, offering a sex -like experience for traders. OkuTrade features order books, price and depth charts, and trading history. The launch on zksync era includes initial trading pairs for USDC and Ether and USDC and Wrapped Bitcoin. OkuTrade has just over $400 ,000 in TVL on zksync era, an EVM compatible zk rollup. zksync era is the fourth largest rollup by Total Valley Lock. Party protocol, an on -chain group coordination platform, launched on base mainnet. The protocol allows users to pull funds towards a shared objective and distribute ownership via membership NFTs. Participants can then propose and vote on how collective funds are distributed or spent. While the protocol is live on Ethereum mainnet, its expansion to base enhances accessibility with reduced transaction fees. Users on base can now crowdfund, create membership NFTs, pull assets for NFT purchases, and host both public and private on -chain parties. OpenZeppelin released Contracts version 5 .0, a major update to its Solidity library for Ethereum and EVM chains. The release introduces a simplified codebase, enhanced security features, and optimizations for reduced gas usage. It integrates modern best practices like the use of namespaced storage conforming to ERC -7201. The update includes fuzzing and formal verification rules for testing protocols. Tooling enhancements have also been made to the OpenZeppelin Contracts wizard. Contracts version 5 .0 is natively integrated with OpenZeppelin's Defender security platform and is accessible in hardhat and foundry development environments. And lastly, Favor, a Web3 social app built on LAN's protocol, raised a $7 million seed round at an $80 million valuation, according to TechCrunch. The mobile app allows users to sign up via email, create content, and monetize their profiles while maintaining ownership. Favor plans to use the fresh capital to onboard new team members, further development, and form ecosystem partnerships. In other news, Circle deploys its cross -chain transfer protocol on BaseTestnet, Wallet Connect releases its Verify API, Conduit announces partner integrations, and Fracks releases its v3 docs. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
Coronavirus
A highlight from Uniswap V3 Contracts Live On zkSync Era
"Welcome to your Ethereum news roundup, here's your latest for Thursday October 5th, 2023. Uniswap v3 contracts go live on zksync era, party protocol deploys on base, open zeppelin releases contracts version 5 .0, and favor raises a 7 million dollar seed round. All this and more starts right now. Uniswap v3 contracts have been deployed on zksync era, with the first implementation featured on OkuTrade, a DeFi trading platform developed by GFX Labs. Partially funded by a grant from the Uniswap Foundation, OkuTrade serves as a user interface for Uniswap, offering a sex -like experience for traders. OkuTrade features order books, price and depth charts, and trading history. The launch on zksync era includes initial trading pairs for USDC and Ether and USDC and Wrapped Bitcoin. OkuTrade has just over $400 ,000 in TVL on zksync era, an EVM compatible zk rollup. zksync era is the fourth largest rollup by Total Valley Lock. Party protocol, an on -chain group coordination platform, launched on base mainnet. The protocol allows users to pull funds towards a shared objective and distribute ownership via membership NFTs. Participants can then propose and vote on how collective funds are distributed or spent. While the protocol is live on Ethereum mainnet, its expansion to base enhances accessibility with reduced transaction fees. Users on base can now crowdfund, create membership NFTs, pull assets for NFT purchases, and host both public and private on -chain parties. OpenZeppelin released Contracts version 5 .0, a major update to its Solidity library for Ethereum and EVM chains. The release introduces a simplified codebase, enhanced security features, and optimizations for reduced gas usage. It integrates modern best practices like the use of namespaced storage conforming to ERC -7201. The update includes fuzzing and formal verification rules for testing protocols. Tooling enhancements have also been made to the OpenZeppelin Contracts wizard. Contracts version 5 .0 is natively integrated with OpenZeppelin's Defender security platform and is accessible in hardhat and foundry development environments. And lastly, Favor, a Web3 social app built on LAN's protocol, raised a $7 million seed round at an $80 million valuation, according to TechCrunch. The mobile app allows users to sign up via email, create content, and monetize their profiles while maintaining ownership. Favor plans to use the fresh capital to onboard new team members, further development, and form ecosystem partnerships. In other news, Circle deploys its cross -chain transfer protocol on BaseTestnet, Wallet Connect releases its Verify API, Conduit announces partner integrations, and Fracks releases its v3 docs. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
Telecom Reseller
A highlight from Cybersecurity attack on MGM may have begun with a ten-minute phone call: How it happened, Special Mutare Podcast
"This is Doug Greenan, I'm the publisher of Telecom Resiller, and I'm very pleased to have with us once again Chuck French of Mutari. Chuck, thank you for joining me today. Doug, a pleasure. Thank you. Well, we're, you know, we have talked in the past about cyber security, and of course on this podcast series, we've been doing a lot of work on that all year long, but this time I think it's a little bit less abstract. We're doing this literally while, even as we're recording this, MGM hospitality company is being basically hacked. You can't make a reservation on their line. There's still many operational problems that they're having. So we have the spectacle of one of the world's richest and most well -prepared companies, you know, having basically an episode about which we've talked about many times in this program. So Chuck, we're going to be sort of diving into that to find out, you know, what that's all about. And if anything can be done by, you know, the rest of us who are maybe in companies that have fewer resources, less visibility and so on. But what is Mutari? Well, Mutari is a 30 -year -old, not just more than 30 years old, but we're an independent software vendor, been focused in business communication software for all those years. We're based in Chicago, 400 enterprise customers. We enjoy a pretty good reputation for building great software and supporting it in the way that our customers enjoy, very little turnover of our employees, our customers, our partners. And as an organization, we're buying the company right now through an employee stock ownership. And I tell people this every time I meet them, because I think it's important. We're aligned and we're the most aligned company you've ever spoken to, Doug. And we're aligned around buying the company, but with a specific purpose. We need to do it around solving a problem. And then for the last couple of years, we are focused on being the leader in voice threat defense, which is why this conversation is so timely. You know, before we get off the topic of your company's core identity, I understand Mutari is actually a Latin word. Yes, it means to change in Latin. So think mutant, mutate. I always have to remind myself of that to make sure I'm saying Mutari. Pretend you're an Italian person saying Mutari, right? It's Latin for to change. And at first, I didn't know what to make of the name because everybody has a hard time with it. But I really do think it's more apt today than ever because this world, by the day, changes faster and faster and faster. And we know how to respond to that. We're agile a company that still acts like a perpetual startup. Well, let's talk about today because as we were just discussing before we started our podcast, and I'm sure a lot of our watchers, listeners are paying close attention to this. I am really just dazzled as much as we've talked and talked with you and many other people about the cybersecurity threat. I think very few of us imagined that what you guys have been telling us in terms of, gee, guys, you know, this could be really bigger than anyone could imagine. Well, here we are. It's seven days. It's still unfolding. I welcome anybody to go to our website and look in the resources column for all the content we put out there around this specific topic. Long -form articles about all of this, statistics, everything you'll ever want to know about the voice. And I'll bring it back to voice, Doug, because you didn't mention it yet. But, you know, the MGM ransomware attack, the cybersecurity attack that's happened has really brought MGM to its knees. You mentioned people can't make reservations. People can't get into the rooms right now, right? You can't, machines are not working. You know, from some estimates, MGM right now, because their systems are all offline, is losing somewhere between $3 million and $7 million a day and $1 million in pure cash. So those would be revenue and a million in cash every day because of this. And why this is so interesting to our firm is because the catalyst for all of this was a voice call. It was a telephone call from someone into the IT area, the customer service area of the IT department at MGM that allowed the bad actors to get the credentials necessary to put their software in, to allow them to take control of all of MGM, a voice call. So how about that? Well, you know what, it's very interesting because for those of you who are movie fans and like the Ocean's Eleven series, not the original with Frank Sinatra, but the more recent one from 20 years ago, there was, for those of you who are telecom fans, there was a PBX hack in that. That was part of what they did. And that was still in the era when the PBX was mostly a non -integrated system, a separate system running alongside the rest of IT. And of course, in the last 20 years, that's been departed. And now, you know, that call presumably occurred on the same set of servers, I think, that a lot of this is happening. Yeah. So, you know, so let's dive into this. So this is exactly what happened. This apparently started with a phone call. And then you were telling me that once they got in, they were able to do sort of some sort of horizontal thing. Tell me more about that, what that means. Yeah. And so I'll provide a little context around that. These are not people who, you know, stumbled upon this and, oh, I was able to get the credentials and so forth. These are large, large, sophisticated organizations, virtual organizations that are all over the world. And when I say sophisticated, and I know I've mentioned this in the past, these are, they have HR departments. They have areas where they can adjudicate conflicts. They have health plans in these organizations and they have specialization. So oftentimes what happens, and if you were to go on the dark web, you know, you can actually purchase some of these things. You can purchase the software to be able to enact these things. But there's just like in a hospital, right? You might have people whose job is the anesthesiologist, then you have the physicians and you have the nurse. They have that regarding ransomware attacks. So are there things called initial access brokers, people whose sole job is to be able to get access to a system. And that might be where their job ends. They sell that, they sell that and they put that in the marketplace. Another group picks it up, say, we're going to be the group now harvests us. That means they take the credentials and they go laterally and they infiltrate systems throughout an organization. They don't do anything. They lay late for a little while. I want to make sure that if you're backing up the copies, they're in the backups, all of their software is there. They lay in there. And then ultimately there comes a day when they say we're going to attack. And that's when someone, and I'm sure you've seen these before the screen pops up, you know, someone, some administrator that, you know, we have your data. You know, here's the information. Send some, you know, so much Bitcoin to so and so. Well, the encrypt your files and destroy them and still proof of life, if you will, to that end, and then you can continue on your way. So, yes, to answer your question, they received through three socially and through social engineering, a customer service person. It's this organization and they this group they call swirly spiders. I forget. I forget the name of these. Yeah. Yeah. They they. Yeah, that's right. That's right. They went ahead and then got access and told MGM that they had their systems in and ultimately MGM ignored them. And guess what happened to MGM when they didn't take this group seriously, everything that we're talking about today.
The Bitboy Crypto Podcast
A highlight from Are Millionaires Buying Bitcoin? (Time Is Running Out)
"Seven out of 22 private families have already deployed some of their money into Bitcoin or crypto that is seven out of 22 Call it a third tiny tiny bits two and a half million dollar allocation 397 ,000 families requires 37 million What's up everybody welcome to another Saturday edition of the alpha series with myself Kelly Kellum director the bit lab Academy I'm so excited to have an incredible guest on today. Another one. Mr Gary Cardone and we're gonna be diving into that here in a few moments And if you want to watch the full length of this interview The link is in the description down below and you also see a link at the end of this video Stick around because we have a lot that we're gonna be digging into about Bitcoin and aetherium and this digital asset ecosystem So without any further ado, it's mr. Gary Cardone. How are you doing my friend? I'm so happy to have you here Doing good, man doing good. It feels like it's the end of a week and it's only what thirsty So I've been to three states already and I think eight podcasts or some crazy number so it just keeps getting more interesting and I Think it's becoming very clear what the real opportunity is. So I'm doing good Well before we really dive into this I have to just express my gratitude for you being here I've had the opportunity to be on a number of different podcasts and spaces with you and You even kind of pulled me aside at one point we got on about our zoom call and just talking life and markets and so many people get so focused on the dollar and the you know, What is the thing that makes money and you did something that I absolutely commend in business in life? Which is who's the person who's the person underneath this? How can we how can I help you? How can you help me and I just want to say I thank you for that and I appreciate you and As we're diving into this before we even get into it What if somebody were to walk up to you on the street and pose the question or even the resistance about Bitcoin an? Opportunity that is or isn't there underlying What would be your brief sort of you know few minute? This is why whether your retail or institution? Why is Bitcoin? Despite the price action that's been going on. It might feel frustrating zoomed in on a one -hour chart Why is this something that is an absolute? Necessity for people's attention to at least pay attention to if not yet get involved in how many green lights do we need? Okay Now this is the math two and a half million dollars I have far more than two and a half million dollars and I am NOT a super hotnet war player Okay, which like I'm probably at the very bottom of the food chain Seven out of 22 private families have already deployed some of their money into Bitcoin or crypto that is seven out of 22 Call it a third tiny tiny bits two and a half million dollar allocation 397 ,000 families requires 37 million Bitcoin 37 million Bitcoin will allow a extremely wealthy guy like me to buy 92 Bitcoin. That's it So you guys consider and do the math all you want but like no everybody's thinking about the under bank We should think about the over bank. The over bank will drive this market I've been saying this forever The under bank are going to come along when this when the value of a Satoshi is somewhere between a penny and half a penny Then we'll see Satoshi's working But that means bitcoins price actually has to move so Satoshi's become something that can be exchanged In the meantime, you're gonna have a lot of tokens make up the little payment rails, right? Whether they're fake tokens or CD DC tokens or whatever tokens they are. They're gonna fill that gap until we're there So that that's my best explanation and by the way, that's before 62 millionaires across planet Earth deploy $2 ,500 So just Just $2 ,500 each for these millionaires Okay for the multi wealth the super well it's You can do it over ten years $25 ,000 a pop or you can do it all at one time. Okay, they need 5 .7 million Shit, the millionaires can't even buy $2 ,500 worth of crypto do without moving this market substantially Okay, there's not five million Bitcoin floating around So that is my thesis. Okay. I don't know any rich people that have ever found a product that They can beat their neighbor to bind like guys like us love doing that. Well, I can buy something you can't have that is awesome So I think we forget I can I think actually most high net worth players Have are already at max consumption That they look literally no more planes. They don't need anything else. I don't need anything else now. It's all just investment It's all the future so You can do that math any way you want. You can take those three hundred ninety seven thousand dollars and factor that down to 10 % I am wrong by 90 % It's still four million Bitcoin Okay, any way you work this number you can also back into it and say well The high net worth players are actually moving into an eight hundred trillion dollar market, you know I have assumed that no one even changes their allocation to eight hundred trillion.
Tech Path Crypto
A highlight from 1243. Marques Brownlee WRONG on Solana Saga | Best Phone Value For Web3
"All right, so today we're going to dive into a response video to Marques Brownlee. You might know him as MKBHD. Now what Marques did was he jumped into the Solana phone. So we're going to break it down, give you guys some insights, and maybe give you a second opinion here. I think you'll like it. My name is Paul Baron. Welcome back in The Tech Path. Let's go over to Marques' YouTube page. And as you'll notice here, Marques Brownlee, 17 .4 million subscribers right now. And he did this phone review right here, which of course many of you will recognize this. If you're on our channel, maybe you're brand new to understanding what's happening. You just searched out something and thought, hey, this is a Solana phone. What is that? He got 1 .2 million video views on this in about 18 hours. So when you look at the impact on Solana and also the impact, I think, on Web3, Marques actually has a lot to say here. So we're going to break down some clips for you. Let's go to this first one. Take a look. Now I know I have been notably skeptical on crypto and Web3 and blockchain and the metaverse and all that sort of stuff over the past couple of years. So you may consider me biased, but I still think if you took the crypto out of this phone, it would at least have potential for one specific crypto stack. One that happens to also be tanking pretty hard and has been tanking for months. This becomes the perfect embodiment of crypto in 2023 at best ahead of its time. All right. So, I mean, hit on a lot of things here. First of all, I agree with him when it comes to the device itself. The hardware is, I would say, a middle -of -the -road, run -of -the -mill hardware. That's not really the advantage of what the Saga brings to a user or to an owner of it. We'll break down a lot of what that is. Before we go there, getting into who this phone is for and then understanding the real strengths of it is, most of the time, is pretty typical of a Marques Brownlee review. It just did not exist here. I think he really weighed heavily on the hardware side of it. And that, I think, was the undoing of really giving the Saga, but more importantly, Web 3, a chance. I want to clip over to this next clip right here of iJustine. Listen in. Now, one of the problems that I've run into, and if you were also into NFTs or crypto, is how difficult and not secure things are to transact on mobile. Now, most of the time, you do need a desktop or you need to have a wallet app browser, and it's super frustrating to try to navigate. And it's also not entirely secure. Now, what I do like about the Saga is that they're introducing a seed vault, so your salon of private keys and seeds are stored securely protected by a dedicated hardware security module called a secure element. I like this because you actually own your assets and you can transfer or sell them if you want. I kind of think of this when I was playing Animal Crossing for my entire island that I've spent 1 ,700 hours playing and building. If that was something that was on the blockchain, I would be able to easily transfer that entire island to someone else. And each one of those assets wouldn't just be something that I would have in the game. It would be something that I physically, well, digitally owned and would be able to do whatever I wanted with them. Now, if there was some other game that was on that particular blockchain that also decided to share those same assets, I could then take those assets into, I don't know, for example, if it's Call of Duty. I could maybe take some of my wardrobe, the outfits that I had made or created in Animal Crossing or purchased, and I could wear them in Call of Duty. So I'm going to be either going up with this ship or I'm going to be going down with it. I like the fact that, first of all, that's exactly right. The salonophone is for a person like iJustine, someone who is a gamer, someone who is into digital assets, someone who is looking at the next generation of digital privacy and digital ownership. Here's Unbox Therapy. Just to give you guys a size capacity, that's 20 million subs right there on Unbox Therapy. Lou does a great job. And you go back to Marques, we'll go up to his channel right here, 17 million subs right there. And then over here to iJustine, also another tech reviewer, iJustine, at 7 million. So you can imagine the kind of damage that tech reviewers that have this much authority and influence can do. And it doesn't mean that they shouldn't because they should be able to review these devices, give honest opinions, and be able to come up with a solution that maybe can help you. And I think that's the missing part here. All right, so I want to go to this next clip real quick and listen in to this one. There's basically three things that make this a cryptophone instead of just another regular Android phone. So the Solana Mobile Stack, the Seed Vault, and the DApp Store. So the Solana Mobile Stack is an SDK for apps to connect to the Solana blockchain, which, I mean, it's cool that it's built in, but the obvious downside being this does not work with any other blockchain. So no Bitcoin, no Litecoin, no Ethereum. This is just focused on the Solana blockchain. Now price is another thing that comes into play. And I agree again with what Marques said here, but listen into his response on price. A thousand dollars. And that's this one right here. Does any of this justify a thousand dollar price tag? Not really worth a thousand bucks, right? So that's why literally less than a year after it came out, the price plummeted from a thousand to $600. So now the real question is, would you pay, would anybody pay $600 for a barely above average well -built Android phone that happens to have some crypto features built in? You can get a lot more phone for 600 bucks for the same price you could get a Pixel 7 or probably a Pixel 8 by the time it comes out. All right. So just to be clear on this again, and back to the previous clip there, when he was talking about Ethereum and Bitcoin, yes, Bitcoin, why would you need that on there? There's not really a use case for Bitcoin on a device like that. However, Ethereum, yes, there is and can be used within the Solana ecosystem. So that's, again, just another scenario. Now price -wise, the value of these phones drop very quick, very fast. In many cases, a lot of these phones end up being, you know, giveaways on plans that go through the systems, whether it's AT &T, mobile, T -Mobile, etc. One thing about Solana, if you follow them and when they release the saga, they only needed to get, I think, to about 15 ,000 or 20 ,000 phones total. That was like the ecosystem that would make this a successful launch. And that would give them enough data and enough examples of how use cases within the Dapp store and also within the wallet aspect of what this phone brings to Web3 to start to really see new development start to occur. And that's when I think we'll start to see the leap forward in other technology. I want to go to this next one because this starts to bridge the gap on the value of this phone, not at just the price alone. Listen in. And something that comes with the Solana Dapp store, something that we haven't seen any other app store do, because the Solana Dapp store allows you to have this direct relationship with consumers, you can do new things like reward them. So we're introducing the saga Genesis token. It's an NFT that establishes that they are a saga user. And because we can establish that relationship, we're going to give them rewards. They'll immediately get 20 USDC and a small amount of Sol to get them started on their journey. But we aren't stopping there because this is an open platform. So this is open to any Dapp, and they're already taking advantage. So you can expect to see exclusive sticker packs from folks like Dialect, plus not getting you off a wait list, a $25 credit from Magic Eden, exclusive mints of 2 ,000 new, brand new Klainosaurs, and many more. So we're excited because this is the first time that you actually get rewarded for using your phone. It's the phone that keeps on giving. A scenario that plays out for all phone makers in the future, and that is figuring out utility, use case, and value within an ecosystem. And that's where I think Solana is doing some interesting things. So right here was the pass that they were talking about, just the saga pass when you buy one of these phones. Then you go into other scenarios right here. This was the saga pass cards. These were just some of the cards, again, that you got. And we'll continue to get additional values out of this. And as partnerships start to come in, this is where these, because remember, each one of these cards, each one of these NFTs, each one of these assets, whether it's a whitelist scenario that plays into this or others, especially as we start to see more partnerships and more use cases really start to move into the Web3 ecosystem. That's where Solana's value and where the value of the saga becomes very interesting because now you're getting paid, essentially, to have this device. There is nothing else out there like that on the market at all. The real secret mission, though, I think that is here is the fact that this is going to bridge the gap into digital ID. And digital ID is you own and manage all of your assets, including your own personal identification as opposed to Facebook, Twitter, Apple, et cetera, owning you right now. And that's the way it is today. Further into this, I want to get in and just show some of the things you could have got. This is kind of an interesting aspect of this particular phone. With every one of these phones, you get a device -bound, non -transferable NFT, which is the Genesis token, which in itself is kind of a unique technology. And as you start to understand the NFT market, you're going to understand that utility is going to be one of the killer apps of the future. And when you have that kind of use case built into hardware technology, along with wallet security, digital ID, the future of how mobile computing will be done really starts to change things up quite a bit. Further into this, here was Magic Eden. If you have a Solana Saga, there's 25 USDC waiting for you. Set up your Saga Genesis token, sign in, and then head over to the rewards hub and claim. Bonk was, of course, airdropped directly into the Saga and the pre -orders. Here was Solana Mobile. This was another advantage, concluding the first mint on Kleenasors, one of the hottest NFTs out there right now. And again, this will only continue to grow. And I think this is where the value of that phone keeps ticking down after, whether you think about that retail price tag, if you bought one when it was $1 ,000, it's probably a different, you're a different kind of buyer than anybody out there because you're a crypto native and that value to you is much greater than the $1 ,000 price tag of that phone. But the $600 phone buyer maybe is a little different buyer. And now they're starting to look at true value. So imagine all those value points that have been added to the Solana phone over time here and it starts to just chip away and it continues to add to it. So that, to me, is a pretty cool thing. And if you just look at current value of Kleenasors right there, I mean, they're at $17 right now, Sol trading around, you know, anywhere between $19 to $21. So not bad. So here was a tweet from Solana Mobile. It's been said before, Saga is the phone that keeps on giving over the past few weeks. We've got 100 whitelist spots across the hottest NFT mints on Solana just for Saga users. Take a look at the whitelist spots and we've got away so far.
Tech Path Crypto
A highlight from 1232. Gensler Demands All NFTs & Royalties Destroyed SEC Infighting Continues
"All right, so the hits keep coming for the SEC, and when I say hits, hits across the bow because they are taking incoming fire like crazy. Today we're going to be breaking down what the SEC is trying to do in the NFT space. You guys are going to really love this one. My name is Paul Beryl. Welcome back into Tech Path. Let's go right to it. I want to jump over to the SEC charges on the LA -based media and entertainment company Impact Theory for unregistered offering of NFTs. Couple of things they note here, Impact Theory raised approximately $30 million and hundreds of investors. Theory emphasized that it was trying to build the next Disney and as successful it would deliver a tremendous value to founders key purchases. There was a founder NFT. And then they ordered it to pay a combined total of $6 .1 million in the disgorgement. The order was also establishing a fair fund to return the monies. This is where it gets crazy. The monies that injured investors paid to purchase the NFTs. Impact Theory also agreed to destroy all founders keys and its position and or control published for notice of the order on its website and social and eliminate any royalties that Impact Theory might otherwise receive from the future secondary market transactions involving the founders keys. So this is a pretty heavy position I think overall. And the fact that they're asking for these kinds of actions first of all starts to showcase that the SEC doesn't really understand NFTs apparently. And I think this is the scenario that is really going to play out as to the struggle that is happening within the SEC and what I'm talking about is between Hester Peirce and of course Gary Gensler. I want to jump over to Hester's statement right here, NFTs and the SEC statement on Impact Theory. Now this is coming in from these two commissioners, Ueda and Peirce. Let's go right to some of the highlights here. NFTs were not shares of company and did not guarantee or generate any type of dividend or purchase. Adults should be able to spend their money as they choose, totally agree. Even if the NFT sales were fit squarely within the Howey test, this sets off facts as one of the warrants on enforcement action. The typical cure for a registration violation is a rescission offer which the company already made in the form of a repurchase program. So that's interesting. It also paid out a total of $7 .7 million worth of Ether. Presumably other purchasers likewise could have sold their NFTs back to the company. So this is another scenario that all of these kind of aspects, at least Hester Peirce seems to understand the scope of where NFTs are in the market, how a smart contract works, how all this plays out. Further on they go in to say commissions should have grappled with these questions long ago. Any attempts to use this enforcement action as a precedent is fraught with difficulty. In other words, these are just more case losses if we were to get into a scenario of the case going to a judge. How should recent legislative editors construct a framework of crypto inform our thinking about the application of security laws and NFTs? That's a big question. What type of information do these purchasers want? Might other regulatory frameworks be more appropriate? All of this is good. These are great questions for determining this. And then would compliance with any requirements be prohibitively costly? If so, what alternative approaches would be more workable, but still achieve the commission's objectives of protecting investors and the integrity of the marketplace? Totally agree. This settlement includes an undertaking by the issuer to destroy the NFTs in its position. And then also what precedence does not set is the future cases in which the NFTs at issue represent unique pieces of digital art of music. And then number nine, they go on to say, is that the settlement includes an undertaking to revise the smart contracts, which you can't do. Or any other programming codes or computer codes underlying the key NFTs to eliminate the royalty. Given that one of the promising features of the NFTs is the ability to reward creators with royalties every time an NFT, of course, is sold, what a precedent does not set for its future cases. This is getting to a point now where it's comical. And of course, understanding this technology, and it just does not seem like what has happening at the SEC makes any sense at all. As I said in a previous video, they have to be very educated litigators in understanding where this technology is moving. And this is one of the monetary systems and technologies that is going to be driving the markets for the next several decades. So they need to get under on this. It's a big one. I want to play this clip right here. Let's jump to this. This is an interesting one. This is Tom Bilyeu of Impact Theory responding to this. Listen to this from his Twitter space. The settlement is what's called a neither admit nor deny basis. So I am not admitting to agreeing with the SEC's take on it. And at the same time, I'm not denying anything from the SEC. And the reason that we wanted to settle was we ran the map. And the reality is that the thing that seemed best for the community was to instead of spending the double amount that it would have cost us over the settlement to end up in either the same place, possibly worse, possibly better, but possibly worse situation, we'd rather take that money and put it into what we're building. The SEC right now is not able to give the industry clarity yet moving forward, which I think is going to be very, very, very important. And for them to give the clarity, I think the commission has five voting members, three of them voted against this, and they believe that the commission really has to answer eight or nine questions to give the industry clarity. And so we were very encouraged to see that, to see that they're trying to think about how this moves forward. All right. So I think impact theory, obviously, to break it down, it is financial. It's an issue where you have one of the biggest litigators in the land going directly at a business that has no ability to really defend itself at a level like, say, a Mark Cuban or someone else who's willing to really go and spend a lot of money to fight this off. So Tom basically said, hey, we're going to go ahead and settle it. It doesn't mean we're right. It doesn't mean we're wrong. What they can't claim is victory. And it's a scenario that we think we can take the difference in what we settle and what it'll cost to defend this and may win, may not win, and reposition that into profitable and more innovative. Good decision, I think, on their part. I think any business owner would make that decision of going and not trying to fight against the SEC. But the good point that he also made was that at least some of the commissioners, three of the five, have already started to align these question alignments. That was the questions we just read through here recently on the show. And I think this is the factor. This is the things that have to be answered. But again, it just showcases that this is so idiotic. All right. So here was another tweet from John Deaton. I might be in trouble. Under Gary Gensler's interpretation of the U .S. securities law, my sign game warned MJs could pose a problem. So this is another issue. This is the thing we've talked about. And it's kind of the whole issue of the Howey case in general of the secondary market sales. And again, if you look at flow, flow comes in just in. Disney's Mickey and Friends digital toys are making their way to crypto on flow. Again, this is another scenario where we're going to see digital assets gain value. Does that mean that they are securities? Does that mean what? This is the kind of silliness that we're facing in the technology scope only because it's dealing with money. Every technology that has moved into innovation in the past has never dealt with the monetary system like this technology. And it's why the SEC is running around in shambles trying to defend this and basically trying to run roughshod over the industry as a whole. I want to go to another clip. Let's take a look at this one. I think you're gonna like this is Cenk Uygur on Young Turks listening. Now I've seen this in three different cases in the last two months or so. There is no reasonable expectation of profit. That's not a thing.
Bloomberg Radio New York - Recording Feed
Monitor Show 07:00 08-27-2023 07:00
"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. On the Bloomberg Terminal. I'm Tim Stenebeck. Did you buy that 30 million dollar car? I did not. Alright, just checking. I'm Carol Masler. Have a good and safe weekend everyone. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Three U .S. Marines have been killed in a crash during a training exercise in northern Australia. Defense officials say 23 Marines were on board the Osprey aircraft when it happened early today on Melville Island north of Darwin. Three died in the crash. Five others were taken to Royal Darwin Hospital in serious condition. A statement from the Marines says recovery efforts are ongoing. The cause of the crash is under investigation. The gunman who killed three black people at a store in Jacksonville, Florida was seen at a historically black university just minutes before the shooting. Jim Forbes has more. Authorities say the gunman who opened fire at a Dollar General store early Saturday afternoon had posted a racist manifesto online and was targeting black people. Officials at Edward Waters University say the gunman was seen on campus just before the shooting and was turned away after refusing to identify himself. I'm Jim Forbes. Former President Donald Trump's campaign says it's raised $7 million since his mugshot was released. A campaign official saying Saturday they've made nearly $20 million since Trump was indicted and arraigned in Washington. They say $7 million of that was raised in the three days after Trump was processed in an Atlanta jail and his mugshot taken. Thousands gathered at the Lincoln Memorial.
Crypto Banter
A highlight from The U.S. Just BANNED DeFi (What It Means For Crypto)
"The US has just tried to kill DeFi, and it could take a lot of other cryptocurrencies down. Now, this video isn't clickbait. So if you clicked on this video expecting me to spin some sort of other narrative, I'm not even joking. The US has just released a new document, a new proposal from the BINDED Administration, which outlines its plan to regulate cryptocurrencies. And honestly, some of the lines in this document are absolutely shocking. And if this goes through, it's going to have major ramifications, not only for the entirety of DeFi, but crypto itself. And I want to talk about exactly what the ramifications can be. Without further ado, let's get straight into what exactly this proposal was, what they're trying to do with crypto, and give you the step -by -step breakdown of what this could actually mean for cryptocurrency. So what you need to know is that essentially the US Treasury and the IRS, which is their tax department, just introduced a tax proposal that I think could effectively kill DeFi as we know it, especially in the US market. And we know this is still the biggest market for finance and cryptocurrency worldwide. Essentially, they just released a proposed cryptocurrency regulation proposal. You know, the BINDED Administration has been working on their updated proposal that may deem applications like Uniswap, Metamask, that's right, even crypto wallets, even Etherscan to be brokers and thus be forced to implement KYC. And that would obviously have huge ramifications for cryptocurrency and also all the tokens related to this. And I'm not just fearmongering. I'm going to give you my take and I'm also going to tell you exactly what's happening. Now, let's read exactly from the news article as it first broke here. They said the proposed rules would also apply to other digital assets such as NFTs. They would also apply to DeFi finance platforms which use software to link crypto buyers and sellers directly rather than routing their orders through a company such as Coinbase. Obviously, what the US government wants is they want all transactions to happen through exchanges which they order, which they regulate like Coinbase. They want to get their hands, of course, on every single cent of tax dollars that they can. And they will also use that as an excuse in order to overregulate or overreach in the DeFi sphere. Now, DeFi by nature is decentralized, right? The US shouldn't be able to touch it. But they're really trying here with these proposed changes to make tweaks to the law which enable them to force a lot of these applications to implement KYC or essentially face major sanctions like we saw with tornado cash. I think the problem DeFi is facing at the moment is that a lot of the founders just don't really feel comfortable operating the US in the US because even if technically they aren't doing anything wrong, they don't want to face DOJ action over money laundering and all sorts of crazy claims in case they are viewed to have overreached or overstepped past the law in the eyes of the US jurisdiction. So a lot of these guys are going to really back off and maybe even stop offering their products in the US if they feel threatened. But without getting too carried away with some of the impacts here, let's just go through some of the proposed tax rules and read through the official document that we did get from the US Treasury and IRS today. So essentially to recap, the proposed tax rules. Metamask is considered a broker and has to KYC and report all its users unless it removes the swap function. Uniswap is a broker and is required to update its UI to a new KYC version. Anything with a multi -sig is also a broker and would be required to add KYC. We can see here that the latter exclusion does not therefore exclude wallet softwares like Metamask from the definition of a facilitative service if the software also provides users with direct access to trading platforms. What they're saying is, look, if you can essentially trade on an application, even if you're a wallet, if you have swaps, we're going to consider you to be a broker and brokers have to KYC their customers. That's essentially the TLDR on what they're saying here. Reading the second part again, I actually think it's worse, says Spreak. They're saying that Uniswap and anyone else that can change the fees on their contracts are going to be required to increase fees to maximum to force users to stop using their platform slash move on to the new KYC version of the platform. This is only phase one. Next, they will come for unhosted wallets and force all the brokers to share your info between each other to create a consolidated 1099. Of course, any activity outside of regulated brokers, your 1099 basis will be wrong. Have fun getting audited. That is pretty crazy. Now, Adam Cochrane breaks this down and gives his take on what he thinks this means for crypto. He highlights one specific line here from the filing that says operators of websites that interact with wallets. Given that a wallet seems to be defined as the actual blockchain account rather than using the software, this technically means that this would find everything including Etherscan and tax software to be brokers. This isn't just heinous overreach. This is a failure to fundamentally understand the technology of crypto. It's like requiring every browser company to get a postmaster license just because they deal with email. And we can't complain about ChokePoint. Sorry, we can complain about ChokePoint all we want, but it's not. It's a regulatory capture because brokerages will be able to offer their services through wallet, through walled gardens that defeat the entire point of the DeFi system. What he's saying here is, look, as I said before, the US would rather just have all the centralized exchanges under their purview and be able to capture essentially the upside to cryptocurrency because if there's more trading volume, they directly capture that for disincentivizing users to use DeFi and use CFI instead. This treasury administration is attempting to declare that viewing or broadcasting public information without custody, profit, or control of that information makes you a broker like Etherscan, like MetaMask. That's about as close to thought gram as you can get. Get the fuck out. P .S. regulation is going to happen and some isn't bad, but this industry wants reasonable regulation that understands the technology and doesn't hand DeFi back to the plutocracy of middlemen who have effed over generations of this economy. This is what we asked and I 100 % would side with Adam Cochrane here in his take. If you don't want to read the full document, you can read it. I did link it in my tweet if you want to check out my tweet, but these are basically the main points that you need to know. They're essentially trying to implement KYC on websites or DeFi applications that they consider brokers. But by nature of this, you could consider MetaMask to be a broker. You could consider any crypto bridge to be a broker. Any DeFi application that has any sort of interaction with tokens and swapping, that could be a broker. So all of your DEXs, etc. So is this going to kill crypto? What does this mean for DeFi? Well, to be honest, DeFi is immutable. So I guess this is the beautiful thing about what decentralized finance is. It's essentially built for this, right? It's built so it can't be like regulated in this manner. It's built so no one centralized party, even be it the US government, can step in and stop it. It is built for this. So DeFi exists for this very purpose. It is owned by the people. It's controlled by the people. That's why tokens act as governance. So the people or the holders of the tokens have control over the applications. But what saddens me to see is the overreach of the Biden administration. It saddens me to see that these proposals can be so overzealous and like ill thought through because they didn't even think through a lot of these claims. And it just makes me sad that the US is going down this path, especially in the context of the DOJ action against the tornado cash founder who, look, he just created an app, right? All this guy did was create a platform. If money launderers were going to use it to money launder, that's their prerogative. But the fact that he's being sanctioned for money laundering, it's absolutely crazy. And as I said, this may disincentivize project founders from offering infrastructure in the US. So what does all this mean? Well, the lucky thing is this hasn't officially been approved yet. These are proposed regulations from the US, but they aren't official regulations. A lot still needs to happen from a legislative perspective for this to actually come into action. And you've got to remember, this is just in the context of the Biden administration. If someone else gets elected next year, well, it's going to be a completely different ballgame in terms of how crypto is regulated. The other thing is with cases like tornado cash and even the Binance and the Coinbase cases, these still have to go through the courts of law. And like we saw with the SEC versus the XRP case, oftentimes the court of law does hold the truth. And the key to the truth could very well mean that the US doesn't have jurisdiction to regulate in such a manner. And in that case, it would be a big win for crypto. So the US hasn't completely killed crypto yet, but today it did take a huge step in the wrong direction because obviously forcing KYC upon users essentially eliminates the purpose of DeFi. Like why have DeFi if everyone has to be KYC, if every single thing needs to be monitored and tracked and audited, I mean, that's just basically CFI, right? So I do think effectively the US wants to kill DeFi, but it's not even just the US, it's mainly just the current administration. And if that changes, then I think also the approach to regulating crypto changes, but DeFi being immutable, I don't think this will knock it down. And the other thing is, you know, across multiple jurisdictions in the world, like Europe has its own MICA regulatory framework for these kind of assets. Australia is building their own, Hong Kong's building their own, Dubai is doing their own, you know, Singapore is doing their own. All of these countries are having their own take on how they want to regulate crypto and regulate DeFi. So even if the US does somehow pass some crazy sanction or some crazy limits or KYC order upon every single DeFi protocol, crypto will still survive. Will it take a hit? Yes, because the US users are obviously a massive part of the market, but it will still survive. I just feel sorry for all the project founders in the US right now that are having to deal with such a gray area from a regulatory perspective. So that's all I have to say on that for now, but I will keep you updated. But for the rest of this video, we still have a lot to talk about. We just had Jackson Hole, which was Jerome Powell's presser, which I want to break down and talk about how this is affecting the market because Bitcoin is moving right now. And then I also want to discuss Pepe. I want to talk about the Pepe crash this morning and give my take on whether I think Pepe is dead, whether I think, you know, this is a good buying opportunity, what I think you should do with Pepe and what I'm doing with Pepe. So those are the two major conversations I want to have now to wrap up the show. Let me know what you think of the first segment in the comments below in relation to the US sanctions. Now, before we get into the presser summary and then the Pepe stuff, I want to give a shout out to one of our official show partners, OpenX. I actually just wanted to give you a quick update, to be honest, on what I did today. So basically, I staked 200 ,000 of my OX tokens and I made a bold move. I decided to lock them for a year. I don't know necessarily like how this is going to pan out. It's a little bit of an experiment, but basically the logic behind staking it for a year is I earn $400 in weekly rewards. By the way, 200 ,000 tokens is around $10 ,000 of the tokens. And essentially that comes out to around a 200 % yield per annum, which means I would theoretically break even in six months if it maintains a $400 weekly reward. The major caveat being over time, this could drop if the token value changes, and I don't expect to break even that quickly. If I do, amazing. If I don't, it's okay. I'm still going to get access to the airdrops. So the whole reason behind why I staked and locked is so I can get boosted rewards on their airdrop programs for their justice tokens, for their duties tokens, and for their FMT tokens as well. They're doing lots of kind of these airdrop launchpad style rewards for stakers of the OX token, which is obviously the governance token of the OpenX exchange. So just want to give you a little update there because I did say in past shows that I would stake just was updating you that I did decide to stake for an entire year. So I guess I'm committed to this for the long term. Let's hope I can keep cashing in these $400 weekly rewards for the foreseeable future. I do think it'll drop. But if the token can hold up in value and even go up over time, which I hope it does, then I should do well off it. Not financial advice. I'm not saying you should buy, you should stake. They are a show partner. So just want to give full disclosure there. But just wanted to give you a little update in what I'm doing. You want to learn anything else about OpenX or even use the actual exchange, which by the way, is a great exchange to trade on. There is a link in the description if you want to check it out and use it. But yeah, just give me an update. So speaking of updates, let's talk about what happened at Jerome Powell's Jackson Hole speech. Kabisi let us summarize this by saying, number one, they're prepared to raise further if needed. We all know Jerome Powell would say that. Number two, the Fed would not change the 2 % inflation target. We all knew that he would say that. Three, they will proceed carefully on whether to hike again. That's not really news, is it? Four, lowering inflation will require softer labor markets. Obviously, five, above trend growth, it could warrant more rate hikes. We all know this higher for longer stances. Still the one he's taking. It seems like a long pause is coming, Kabisi said. Kabisi also said that the odds of a 25 bps rate hike in September more than doubled to 21 % after Powell's speech. Odds of an additional rate hike this year just hit a two -month high. So people are anticipating now after the speech, we will get more rate hikes. And that's why Bitcoin did respond. We'll get into that in a second. Rate cuts are now not expected to begin until June 2024. So it delayed the rate cut cycle slightly. The Fed wants 2 % inflation and will do whatever it takes to get there. The rollercoaster ride continues. However, none of that was really a shock with Alex Kruger saying the speech was a major non -event. Markets reacted positively for a moment as there were concerns he may talk higher terminal rates, which didn't happen. Equities flat, bonds flat, crypto asleep. Just noise. Crypto was asleep, but we did see Bitcoin starting to decline and drop below this 26k level. On the smaller timeframes like the one hour and the four hour, the 26k level is super, super important. But on the daily and the weekly timeframe, which for me are more important for my long -term buyers and my longer -term swing trades, we are still holding above this zone with the key support level on some exchanges, which we wicked into being 25k. And you can see even clearer on the weekly chart that the 25k level is also super important. If we look at the I'll show you EMA 200 and also the QEMA, which we did break down below, but we are now touching. So very, very important to see how Bitcoin reacts to this zone. We are on support on this EMA on the weekly. However, we also have to keep in mind we have that horizontal support as well at the 25k zone. So that is really what I'm looking at for Bitcoin. No updates there, but I will be doing a live stream on Sunday where I'll be doing live research. We'll be doing a Q &A. I'll be telling you what I bought this week because I did make some big market moves. But I'm saving those buys and my trades for Sunday because I'm going to make this a thing. Every weekend we get together, we do a live stream, we discuss trades, etc. Now, one trade I may be making that I haven't made yet, but I do want to talk about now is Pepe because I'm getting a lot of questions. Is Pepe dead? What should I do with Pepe? Will Pepe ever recover, etc.? I want to discuss that right now. So look, seeing looking at the Pepe chart, we can see that it did have a huge correction of around 25 % this morning. Reason for that being a lot of FUD started to occur around Pepe. And this wasn't FUD that was based in complete fiction. A lot of this was fact. And I'll explain what the facts are. The facts are the team via their multisig cashed out $15 .7 million worth of Pepe to exchanges. So this was across, I think, OKEx, Binance, Bybit and some other minor exchanges as well. That's just natural profit taking, right? I mean, I know it's not good when you see the team selling tokens. But at the end of the day, they kind of have the right to sell tokens when you think about it. Like they made the project. I know it's not a good sign and the market, of course, reacted accordingly. But it is also the prerogative of the team if they want to take some profits. I think that's normal, especially if they want runway. However, the very weird part about this was they reduced the multisig requirements from five out of eight to two out of eight. What does that mean? Well, whenever you approve a transaction and you're a crypto project, typically you want more than half of your executive team to vote on transactions before they occur. This is stopping one rogue employee or director from ragging the entire project, right? So if they have eight people on the multisig, so eight, you know, let's say executives. Previously, they required five of the eight, so more than 50 percent to approve a transaction. This might be a sell. This might be a buy. This might be selling Pepe to exchanges. This could be a, you know, some sort of major tokenomics tweak, et cetera. But they actually lessen the requirement from five out of eight to two out of eight. And this started to raise a lot of question marks. I mean, was there an internal dispute? Why was none of this communicated on the socials? Will the selling continue? Like, why did they decline it? The really weird thing for me is the Pepe coin each Twitter account didn't post about this. And in fact, if you go into their Twitter account, I'll get up their account now. You can see they haven't posted for days. And I think this sale comes at a really bad time because people are saying, look, they haven't posted since August 12th, which is over 13 days ago, almost two weeks. They haven't actually done any reply since August 13th, which is about two weeks ago. Yet they're dumping tokens and they're changing their multi -situ requirements. And it caused a lot of fun and panic. And I do think that these questions alone do justify a repricing to the downside. Of course, Pepe is going to be worth 20 percent less after this FUD because there was a fundamental knock on the project. And that was a trust knock. And although meme coins don't typically have the most trust in the market, to become like a solidified meme like Doge or Shib, you need some sort of trust in the team. This eroded some of that trust. So publicly, it was definitely bad for the project. And they went about this the wrong way if you ask me. They really should have at least come out in front of it and said, look, we're reducing the multi -situ. This is why. Even lie to us. Tell us something. Tell us there was an internal dispute. Be honest. Or just say, you know, these are the reasons why we do it. Or even just tell us we're going to sell because we want to, I don't know, develop new products and we want to keep runway for the team. And blah, blah, blah. Even that's better than just selling and not saying anything, right? So it definitely just justifies the repricing to the downside. And it did raise some red flags.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Analysts Split on Why Ether Outperformed Bitcoin Last Week
"This episode of Markets Daily is sponsored by Kraken. It's Monday, August 21st, 2023, and this is Markets Daily from CoinDesk. Hi, I'm Michelle Musso here with your crypto markets roundup. On today's show, we're talking Bitcoin, crypto killer apps and more. And just a reminder, CoinDesk is a new source and does not provide investment advice. Bitcoin and Ether traded flat over the weekend after sliding last week. Alternative tokens showed muted price movement as markets seemed to stabilize following one of the largest liquidation events in recent months. Bitcoin remained steady at around $26 ,000 with little change on Ether from Sunday's $1 ,670. Meme coin Shibu Inu slid 2%, increasing losses to more than 21 % in the past week following the botched launch of its Ethereum layer 2 network, Shabarium. Transactions stalled in the hours after the network went live last Wednesday with over $1 .7 million worth of tokens in a bridge said to be stuck due to a bug in the code. Last week's market crash saw Ether, the native token of Ethereum's blockchain, take smaller losses than the industry's leader Bitcoin. Analysts are split on the reason for Ether's outperformance given Bitcoin is usually the preferred asset during market slides. The Ether -Bitcoin ratio rose more than 2 % past week. The uptick in the ratio seems unusual because investors typically prefer Bitcoin, the biggest and the most liquid cryptocurrency, during times of stress. Historically, the ratio has declined during market swoons and rally during upswings. However, this time, according to Noel Acheson, the author of Crypto is Macro Now newsletter, says that optimism about an impending U .S. launch of Ether futures -based exchange -traded funds, or ETFs, likely helped the price of Ether. Back to Bitcoin, Bitcoin and the U .S. inflation -adjusted bond yield are moving again in opposite directions, exhibiting the strongest negative correlation in four months. The current reading indicates the renewed influence of traditional finance and macro factors on the Bitcoin price. Stay tuned for after the break when we'll take a look at the apparent Ether money machine, FriendTech.
Bloomberg Radio New York
"$7 million" Discussed on Bloomberg Radio New York
"If you will for the underserved financial community. But nonetheless, key headline is they are reaffirming their outlook for 2023. Stocks still unchanged in the after hours. Yeah, Carol, we are getting some headlines as well from Bed Bath & Beyond, which I'm told is your favorite stock. You can't escape that company. I always get last minute going. Mike was talking about that record drop at the close down about 49%. Well, we are getting more headlines after the bell that seemed to be boosting the shares after hours to the tune of about 3% this time coming as they aim to close about 360 Bed Bath & Beyond stores as well as completing their equity offering. Their public equity offering excuse me, the offering does proceed to immediately repay that ABL facility and the default under their credit pact has been waived. So perhaps a little bit of a sigh of relief when it comes to Bed Bath & Beyond. All right, sharers of Bed Bath & Beyond, as you said, up about 3% vertex also out with an updated announcing a new $3 billion stock buyback that stocks down about 2.8% in the aftermarket. All right guys, that's a wrap our cross platform coverage, some earnings, and closing up the markets on this fed day. I'm calling it a J Powell fed day. Beyond the bell, our cross platform on radio TV on YouTube and also on Bloomberg originals. We will see you again same time, same place tomorrow. It means you want to be the stars of chase. That's number one. But you say but you tell the world you know what makes you all the way. All right, you know what that is, right? You watch a Super Bowl and you know what's always kind of a staple when it comes to the commercials. Is that wiser? And that's an old Budweiser commercial. Does that ring familiar to you? I haven't heard that one. You recognize that one? It's an old poets and old one. 70s. Yeah, that's an old one, Paul. It's going back a little bit. All right, well, the big game is this weekend. Will it be the eagles? Will it be the chiefs that take home the Lombardi trophy? Time will tell, but already a winner is Fox, which sold out of its in game ads, some topping $7 million with more on it. Let's get to Bloomberg news media reporter Jerry Smith here in our Bloomberg interactive broker studio. Good to have you here with Mike and myself. That sounds pretty optimistic. Pretty nice. Yeah, there was a lot of uncertainty, obviously coming into this Super Bowl with the economy. We've seen a lot of advertisers pull back their budgets. But that's certainly didn't dissuade a lot of advertisers from spending on the Super Bowl. It is funny, right? Because on the mobile, the social we've all been worried about advertising, but not for the big game here. Yeah, I mean, it's the power of live sports and advertisers are still willing to pay upwards of $7 million for a 32nd ad because this is the largest TV event of the year. You're talking about getting your brand in front of over a 100 million people, people watch the commercials for the Super Bowl unlike a lot of times the program. I don't go fast forward. I watch them. I got to say as a lifelong Philadelphia Eagles fan. Just this conversation alone is making me anxious. I was trying to pretend this game actually wasn't. But Jerry, you said? Is that what it's all about, the fact that the Super Bowl is the one thing you can't fast forward or watch on demand, you know, that this live advertising, this is sort of the last bastion for live advertisers to really make their statement. Yeah, if you look at it, I mean, one of the craziest stats you'll see is last year over the top 100 most watched shows on TV. I think 94 of them were sports. Wow. And the vast majority of those were NFL games. So you think about your dramas and your comedies and how they've increasingly moved from cable to streaming services. Live sports is still, you know, it's still really dominant. It's expensive though, right? For everybody who wants to air it. It's expensive for everyone involved. I mean, the advertisers certainly for the Super Bowl are paying top dollar. These TV networks are spending an enormous amount of money acquiring the rights to these games. So everybody's spending more. And the important thing to think about is the entire cable TV industry really depends on live sports. A lot of the people who still subscribe to cable who are not the cord cutters are watching sports. So if these TV networks the day that an Amazon or an Apple years from now starts taking exclusive rights to some of these big events and more people cut the cord, the whole industry is really going to be it's almost like a Domino's. I want to go back to the ads in a moment, but let's just stay here with the sports rights because we are increasingly seeing the streaming companies pay up or want to have those exclusive sports rights or will it be exclusive at some point or will it be where they show it network show is it going to the point where streaming has it only? I think we're years away from that and I think the NFL is the best example where the NFL did deals with the big TV networks. The NBC CBS Fox ESPN and so they have the rights for the next decade, but they also did a deal with Amazon where Amazon had the exclusive rights to Thursday Night Football. So if you think about some other sports, the NBA now is in the process of renegotiating their deal currently, it's on TNT and ESPN could potentially an Amazon or an apple, get some of those games. That's a really big question in the sports media industry. And for the average consumer, I think you're looking at a future where you have to have cable and you have to have multiple streaming services if you want to be able to watch all the sports that you want to see. Obviously last year, the crypto ads were the big buzz. I'm assuming not so much this year, but is there any sort of growth industry that pops out as buying a lot of ads this year? I remember back in the dot com day. There's always the funny E trade ads and stuff like that. Is there something to take that crypto place? Yeah, I think what's really interesting is that this is going to be the first time in more than three decades that you're going to see Super Bowl ads from alcohol brands that are not Anheuser Busch InBev. It was really interesting to find out that they had the exclusive rights to be the alcohol brand for the Super Bowl since back since 1989 that gave up those rights in June. So now you're going to see ads from Molson Coors, which owns Miller lite and Coors light. You're going to see ads from for crown royal whisky. So you're starting to see more and more alcohol ads. No other alcohol that ever was shown. I'm trying to remember. That's in a national Super Bowl ad. Anheuser Busch, and they're famous for their ads for the Super Bowl that you think about the clydesdales. You think about the frogs. They're classics, but they were they had the exclusive rights to be the exclusive alcohol brand, and that's over now. So you're going to see more alcohol brands, you're certainly not going to see as many crypto ads as we did last year when there were so many of them people called it the crypto bowl. No, Tom Brady. No. Yeah. In crypto. But I think you're going to also think you'll see a lot of the same players that you see year after year, the Doritos ad, the Pepsi ads. You're going to see a ton of celebrities, which is pretty standard. And it always seems like the
Daily Pop
"$7 million" Discussed on Daily Pop
"I could put my kids to bed and then his secretly sneak out and go have a whole alternative life. Daily pop. There is so much to discuss today, including some shocking royals drama. Kim whitley and Caroline Bryan are back, everybody. Girl now. I thought it was going down in Calabasas, honey. But the heat is up in London, a huge royal family scandal just took a surprising turn. The queen's son Prince Andrew has settled his sexual assault case. Now the woman who claims he sexually abused her when she was a teenager, agreed to drop her case upon receipt of an undisclosed amount. She claimed Andrew abused her multiple times at Jeffrey Epstein's homes. Now Andrew denies these allegations. This is a major scandal for the royal family. Do you think this settlement was Andrew's way of making it go away or the royal families? The firm they don't like. The firm don't play. But it's not going to go away. He acts like he, all this stuff, but did he forget there's a picture? Right? I mean, I don't see it going away. You know, I think that because he has so much ego in privilege. He would have fought this tooth and nail because he had the resources. I think the royal family was like, look, we are tired of this, dragging our names through the mud. We just want to honor Prince Philip and his legacy. We want your mother to have the next ten years of her life, not be drawn out and run through the mud. I mean, remember what happened with Johnny Depp Amber Heard? All she wanted was $7 million. Are you not guilty? Your movies make billions of dollars. That franchise is worth billions. The 7 million is the green juice budget budget. Right. Just give her the 7 million and go about your business, but they drug this out for years. Right. And they're hoping this is going to go away, but I mean, I'll be honest with you. You know, they're going to need another season of The Crown. You know, they got to have some scandal. Right. Right. And she took his title away and I think she should have. Because they've taken remember the uncle. The uncle, he got kicked out. He married Americans. Yeah, she does not play, honey. She the grandson. Yeah. She's gone. Off to America. Right. And now the favorite son, it's rap. They can't call him, your highness, his name is drew. They don't even call him by his government name. They don't even come by. Though, because she had to do what she had to do. This is the queen. But it's also as a mother. I mean, that's gotta be heartbreaking to have to. No, you gotta do. You have to push it. And by the way, taking away your royal titles is not like heartbreaking. Having to hear that your son has been a part of potentially been a part of this. I think that the queen knows that his country first and family second and I hate to say that. No, no, that's how they wrote it. The crowd is first. You gotta watch the show. The crowd is first and then the family. I don't care who it is. But let me tell you something. I know something that's about to happen. I was feeling in my bones. What? I bet you that they give Meghan and Harry, their titles back. Because of this, because of this. That's true. And I think they're going to do it. To make it. Oh, look what we're doing. Yes. Yes, because this is a big scandal. I don't know. You don't think so? I think the queen is just angry. I think she is angry. And she's like, don't play with me. She is not playing. You know what else is not playing either. Honey joy, behar. Honey. Oh, I saw that. All the drama we will be now joy is feeling the heat. She was not having it yesterday when Sarah hydes touched her arm. Take a look. It was something up a west side, two CBC stores. CBD. CBD. Jesse Helms. Why don't you rest a little bit? Don't touch me. I thought it was just don't touch the hair. I can't touch it. Don't touch me there. But I am a disclaimer at the moment. Thank you. I am from all the times that this bitch has hit me in the eye. I know. I have now medicinally. I didn't know. Rewind that. We want to see that. She said, sir. After all those times that bitch don't hit me. By the way, I get there on top. What I tell you, you get older women on TV they okay, all I'm going through menopause, oh my God, they are 8 they mad hot. It's about going on. Yeah, it's a lot. That's cold blooded. Just to say that on TV. Hold on. Let me see that one. 'cause I need to see, 'cause you know I say a bitch all the time. I am a discipline at the moment. Thank you. Well, I am. From all the times that this bitch has hit me. I know. How to have a disagreement. That was a friend. Friendly B as a bitch connoisseur. Yes, you are. I am the Webster's of bitches. 'cause I love to throw a B word out, okay? That was a friendly. I thought it was funny. That was friendly. That was no big deal. And she said she is medicinally in need because her nerves are high. Honey, Whoopi went away for 8 days and joy had to carry the show. Try carrying a show for 8 months. Everybody's.
KCRW
"$7 million" Discussed on KCRW
"Puts us a right at about mid point of the number of acres burned. That burned in 2020. And we could be in the same boat even as the called or fire near Lake Tahoe moves closer to containment. A new assessment shows just how damaging the blaze has been. It's destroyed 776 single family homes and hundreds of other structures. Practically leveled the small town of grizzly flats and overall has burned through about 218,000 acres. Meanwhile, the Dixie Fire that's been burning for eight weeks in Northern California is about to become the largest wildfire in California recorded history is closing in on last year's August complex fire, which burned more than a million acres. KCRW's Kaylie Wells says the Dixie Fire now stands at 920,000 Acres and counting to give you a sense of just how much land that is. It's roughly three times the size of Los Angeles. Although the fire started nearly two months ago, it's still only about 60% contained. If it burns some 100,000 additional acres. The destructive wildfire will break the record. The Dixie Fire is just one of many record breaking fires that are fueled by the hotter and drier conditions caused by climate change. Out of California's 20 largest wildfires. More than half have occurred in the past five years, and eight of them have happened since last year. California has seen thousands of fire incidents so far in 2021, but at least locally, the worst may be yet to come because the Santa Ana winds that heightens Southern California's wildfire risk. Typically don't start until the fall Kcrw's Kaylie Wells. And an L. A man will plead guilty to illegally obtaining more than $7 million in Covid relief funds and gambling's on the cash away in Las Vegas, the U. S attorney's offices, Andre Marnell, applied for the money by submitting fake an altered documents.
WLS-AM 890
"$7 million" Discussed on WLS-AM 890
"Know one of the signatures of the S one co sponsors that want to nationalize our election and put more control in D. C. He's on board with the 3.5 trillion trillion Dollar boondoggle that's essentially going to subsidize green energy. So he is a big government liberal Democrats that's basically put his steak with Democratic Party and I think it's important. We have people representing Arizona, the U. S senate that have been tried true and tested and can articulate and defend our values. And I've told people this before Mark what I've done And sometimes I'm on Fox shows whatever is that Arizona's got a purple State in the sense that I got more votes than cinema or MCs Sally, even though people like Tom Steyer spent $7 million last month attacking me, people can draw their own conclusions. Why the big tech people come after me. But the point is, is that You. You need someone that can not only take a punch been given by someone that understands what freedom is all about Someone that understands that it's not more than one generation away from extinction, and we have to fight for that. It's not something we pass on our kids in her blood, and I have lived it. I know it. And if you look at what I've done consists with her on my career, whether it's at the Goldwater Institute, whether it's being a gang prosecutor, I have always stood up. I've got one minute 11. Okay, Mr Attorney who else is running in the Republican primary? You know, my my focus has always been on but give me their names. Give me their names. Who are they? There's some guy that Peter Thiel supporting and Who else? Some guy who's Who's a solar guy here in Arizona. All right, Listen, I'm running out of time. Here's what I want to do. I've studied your background. I've talked to a number of people in Arizona and other people that I trust. We're not in Arizona. And I want to endorse you. We've got to win.
KSFO-AM
"$7 million" Discussed on KSFO-AM
"Much risk you actually have right now and then reducing your risk to your retirement saving never has to recover. From another 2000 and eight market crash again. Understanding and then reducing your fees, understanding and manage your income taxes, earning competitive return without taking too much risk. And lastly, developing an actual written plan in writing. We'll sit down with you and help you understand all of these issues. You might wonder if you're like our other clients. And if we can even help you most of the people we meet with have between one million to $7 million in assets, not including the real estate. We can meet with you for free. As long as you have a minimum of $500,000 saved. Call us right now, and we'll help you create your own financial road map. We will also success. How you may qualify for a free, customized written plan. We promised the consultation is free, and there is no obligation. You have absolutely nothing to lose. Unless you don't make that call. Once again, Here's your number to call dial Pound 2 50 on your cell phone and say the keyword money again dial pound 250 on your cell phone. And say the keyword money that will get you a complimentary financial review with the team at Peak Financial Freedom Group serving you throughout Northern California, Pick up the phone and dial pound 250 on your cell phone and say the key word money. It all starts with a simple phone call. So pull out your cell phone and dial pound 2 50 say the keyword money. Stay tuned. There's more coming up on the peak financial freedom. Our with Jim and Dan is your current advisor, providing you everything you need to feel confident about your money in these crazy times. Sure, he or she is probably a nice person. But is everything in writing for you? Do you have a written retirement income plan is your risk in writing is exactly how you're going to use your money in the future in writing to make you feel more confident Pig financial can help by meeting with you in person. You're on a Web meeting Our latest book, Mama Secret Recipe for retirement success at the Amazon.
KGO 810
"$7 million" Discussed on KGO 810
"B s survey of the world's central banks. These are you know, like our Central bank is the federal Reserve. Every country has got one and you be Estes did a survey of them all. And 25% of the world's central bankers say that Bitcoin and other digital assets have investment potential because they are uncork elated assets. 80% of central bankers said they expected every major country to offer a central bank digital currency within the next five years. You will soon have a digital dollar, according to this prediction. Why are the bankers saying that they're doing this? They say that it will enhance the world's retail payment system. It will improve clearing and settlement it will reduce crime and money laundering. China already has its digital currency in trials. Bahama launched the sand dollar last year. Sweden says they're going to launch their digital currency next year. And El Salvador has become the first country to approve Bitcoin. As legal tender takes effect in three months. 70% of the population in El Salvador don't have access to traditional financial services. The World Bank, though, rejected El Salvador's request for help with implementing Bitcoin as legal tender, So you've got some advancing with it, and some still resistant. Hong Kong is also on the list. They say they're going to debut their digital currency by 2025. The European Union has plans for a digital wallet. They want the countries within the EU to have a safe way for their citizens to access services online. The digital wallet will securely store payments and passwords and let citizens from all 27 countries log into local government websites where they can pay utility bills Using a single I'd for example. Users will be able to store official documents such as a driver's license will be able to use the APP to access fingerprint and retina scanning. All of this through Blockchain technology. An emphasis a huge consulting company, 250,000 employees based in India. Its chair, is calling on India to embrace digital assets as an asset class. Let it be bought and sold like a commodity, he says. He said quote just like you have some of your assets in gold or real estate. You can have some of your assets in crypto. And then there's defy, decentralized finance the next big thing that's coming This is where you deposit assets onto the Blockchain as collateral. Last year, there was a billion dollars on D five platforms. Now there's $100 billion a 100 X increase in just one year. And who is developing all this stuff? Well, one such person is a fellow named guy, Josh Knake. Yeah. Josh is a developer of a defi protocol and he's managing $7 million in Cryptocurrency on his digital platform. He's 13 years old. When you say we try that one again, huh? Yeah, He's 13, he says quote age is.
WGR 550 Sports Radio
"$7 million" Discussed on WGR 550 Sports Radio
"This year goes by. I get a good sense that Pollard maybe is even a better running back at this point that Ezekiel Elliott is and I move on from Ezekiel Elliott. Problem. Is this why you never do this cowboy's paid a giant contractors, particularly it. And sucks for them because by the way they have one of the best wide receiver trios in football with a Mari Cooper CD lamb in Michael Gallop, and I'm sure they love to have money to be able be able to re sign Michael Gallop after the season. They can't do that, in part because they had to go give their running back. Ah, giant sum of money next year if the Cowboys wanted to move on from Ezekiel Elliott $23 million in dead cap space. $23 million. You are not doing that. His cap. It's 16 millions. You'd be costing yourself $7 million to do that. And then even the year after it's still $7 million, so That's why you just never pay a running back. And that's why you never drafted running back that high like his equal, Ezekiel Elliott, because then you feel the pressure to have to pay him once that time comes so What do you think of Ah fantasy prose ranking Justin Jefferson over Stefan Diggs. Let's Let's get into that after the break digs is for Oh, wait. What are we looking at? I'm sorry. I'm not on P p r. I was on fantasy prose. Okay, I am too. Eggs behind Jefferson. This is dynasty or you're looking at draft rankings. This is might be dynasty. Fantasy Football Dynasty rankings. Okay, Okay, That's my bad. Well, let's get into that when we come back, though, because that's the interesting conversation also because those two were traded for each other essentially last year, so yeah digs and fantasy football. There's not much to talk about Alan, but we're doing a little fantasy hour here. Appetizers two, We got appetizer takes thrown our way at 803 Oh, 5 50. It's the nightcap, Jody BSE and Brennan Keeney here and W G R. Want to talk to sneaky Jody BSE Collar text us Now at 716803 Oh 5 50 or call toll free 18885 52 5 50 tweet us all the time at W g r 5 50. I'm Tom Wilson on the roads just like on the ice. I keep it tough. Lindsay Automotive Group gets me with over 1400 great choices A rough and tumble G.
KQED Radio
"$7 million" Discussed on KQED Radio
"Argue Survivor Yeah. But the money has come slowly. We found it in its first year, 2020. The trust spent $51 million on overhead while just $7 million went to fire victims. Sasha Po lost her house in paradise and rents in Chico while she waits. It's a trust that set up for fire victims. Yet so many months and years down the line Fire victims haven't seen much post says she wants more transparency into where those dollars which come from funds for victims are going The vast majority of them haven't gotten anything so far. Representatives of the Fire victim trust have declined KQ. Edie's repeated interview requests in a YouTube video posted this week, Trustee John Trotter acknowledged the frustration of fire victims. It also predicted more delays. We're dealing the hand we were dealt, and we're doing the best we can. Was still walking uphill on this. We're not. We're not near the top yet. We're getting. We're making progress. We're getting there. The trust has picked up the pace of payments in recent weeks, with $250 million distributed to date that's still a small fraction of the $13.5 billion promised. Terry Lindsey says it's not enough. At Saturday's rally. She spoke about the trauma her family has experienced as tears ran down the face of her daughter, Erica, who was seven.
WFAN Sports Radio_FM
"$7 million" Discussed on WFAN Sports Radio_FM
"The Falcons had an opportunity to trade him before the NFL draft. They made the decision not to trade him. I think a lot for financial reasons. It is certainly in their best interest if they're gonna move him to trade him after June one So they're making a trade for Julio. I think, at some point between now and the start of training camp A couple of the teams that were thrown out for Julio. Were as follows. The Ravens, the Niners, the Patriots, the Colts, the Chargers and the Titans. I think it's pretty important to know. What are you getting with Julio Jones? From 14 until 19. He was one of the The re best receivers in the league. Arguably the best He was a 1400 yard receiving guy Gonna have at least 80 yards and was gonna have between 68 touchdowns this season was a monster player. Was a monster player. But last year an injury happens. And you're now looking at it like All right. What does that mean? Was that just a one off? He battled with the hamstring tightness. What do you really have only missed a couple of games, but because the Falcons weren't one of the contenders last year in the NFL Is it a situation where they may be held in Madison games with younger players like you kind of got to do your due diligence when it comes to an acquisition for a guy like Julio Jones? But there's no denying when he's healthy, and if he still has a lot left in the tank Julio Kimble and is one of the better receivers in the NFL. And if you're a team looking to make a move to get over the hump Acquire a player who you think can be the difference between winning or losing or missing the playoffs and making the playoffs. I'd be fairly interested in Julio Jones. So his contract right now his calf it is $23 million. After June one. There's a $7 million difference to bring the calf number down, so it would then go to $16 million. So It's certainly in the Falcons interest to wait a little bit. It's in your best centers of the team. Also to wait a bit as his cap number is going to go down. And I expect for us to see some movement here coming up in the next 4 to 6 weeks, But step one is knowing that the Falcons are fielding offers and knowing that there is ah buzz and rumors sort of around Ah, player of Julio's caliber. I do think he's going to get traded, and I think the Chargers make a lot of sense. The services of Julio Jones. 855 to 1 to 4 to 27. Let's head out to the West Coast. Casey isn't Sacramento. Hey, Casey. How we, don't they? Hey, man, Um, I'm sitting here thinking that Washington football team would be an awesome place for Julio. They certainly have any fever. They they certainly have a need, but I just feel like there may be There may be a year or two away from being at this point where they're going to make that trade. They got uncertainty on who their quarterback's gonna be. I don't know of Washington is a team that would trade a first round pick for wide receiver where I don't know if he drastically changes where they are,.
WTOP
"$7 million" Discussed on WTOP
"Tens of thousands of certified delegates will vote at 39 locations across the state, and it's hard to predict who is going to win, Virginia political analyst Bob Holsworth explains. What makes this so complicated? Is this notion of rank choice voting? So in a typical convention. What would happen is that if everybody was in one place, he would have the first ballot and then the bottom person of the seven delegates or the bottom two or three would be removed. And then the delegates would all vote again. What is happening in the Republican convention? Now they're using something that's used in a number of localities. Actually, some in Northern Virginia called ranked Choice Voting, where there are seven candidates, and every delegate will have the opportune. You need to vote for candidates one through seven in terms of their order of preference. Now, some may only vote for one candidate. Some may vote for three candidates. But what will happen is that in all likelihood, no candidate is going to get 50% of the vote on the first ballot. So the question then becomes what happens to the candidates who are voted in second place. And in third place on these pallets do they eventually pick up enough votes to get over 50%? So because of the peculiar Garrity of the voting system in this convention. It's very difficult to gauge who's ahead. Now, having said that, Ah lot of people believe that the strongest candidates right now my PEOPIE cider, Kirk Cox and Glenn Young Ken Cox is a former speaker of the house very well known, but he also voted for Medicaid expansion, and he is being hammered in a lot of mailings for being too much of a moderate on that. Young can insider have done something that we have never seen in a convention before. They have spent each about $7 Million and mailings on television ads and trying to gain delegates reached delegates make the case for why they are the best candidate here, So we have to see whether or not $7 million will actually be enough for one of these candidates to win, But that's one of the reasons why they're seen in the lead right now. Virginia political Landless Bob Holsworth. The Democrats are holding a primary election to select their candidates, and that election is June 8th. But early voting has already started coming up What a virtual academy will look like any other Randall County I'm John Doman. It's 7 13.
WDUN AM550
"$7 million" Discussed on WDUN AM550
"Yesterday that will battle human trafficking and Georgia. One of them allows victims to actually sue their traffickers. The second paves the way for those victims to change their names to offer better protection. Currently, Georgians wanting to change their name must file a petition for name change, and there must be public notice in the local paper. This bill will protect the victim's privacy by allowing them to file there. Petitions confidentially. Ah, third bill requires schools to teach human trafficking awareness. It's a now law of course, you could soon pay more to rent a vacation home in Georgia short term under new legislation signed into law yesterday. CNN's Rob stabbed her with that story. The bill signed by Governor Camp Forces Reynold Platforms like Airbnb and V R B o to pay hotel taxes. Come July, 1st. The companies will have to collect $5 for each night of lodging, plus excise taxes. Those Congar Oh, up to 8% Keep in mind, these would be on top of any taxes levied by a county or city. So who ultimately pays all these short term runners? Of course, This new measure is expected to raise about $7 million Was for the state in the 2022 fiscal years. Wdun news time is 804 authorities hoping the public can identify a woman who might have been one of the last people to interact with a murder victim from Bethlehem. Roseanna Delgado was found dead in Gilmer County a week ago. G B ie after day, releasing a video from April 16th of the woman who could be an associate of the woman, the G B. I continues to search for this five suspects wanted for Delgado's murder. A car accident.
WDUN AM550
"$7 million" Discussed on WDUN AM550
"Kemp signing three bills into law yesterday designed to battle human trafficking in the state. Now, one of those measures allows victims to sue their traffickers. A second paves the way for them to change their names in order to offer better protection and then a third require schools to teach human trafficking awareness. You could soon pay more to rent a vacation home in Georgia Short term thanks to some new legislation. CNN's Rob stabbed her with that story was signed by Governor Camp Forces rental platforms like Airbnb and V. R B O to pay hotel taxes. Come July, 1st. The companies will have to collect $5 for each night of lodging, plus excise taxes. Those Congar oh, up to 8% Keep in mind, these would be on top of any taxes levied by a county or city. So who ultimately pays All these short term runners. Of course, This new measure is expected to raise about $7 million for the state in the 2022 fiscal years. Ah car accident yesterday on Atlanta highway kills one driver and injures another Hall County Sheriff's Office spokesman Derek Boost says the accident happened just south of friendship rode around 2 30 in the afternoon involved two vehicles and SUV and a car. And it did claim the life of one of the drivers who is a woman, and it also injured. The second driver who was a man there spend no information released about which driver might have been at fault in the accident. A booth says. Those details won't be made known until a thorough investigation takes place. Also, the victims Identities have not been released. At this point, a man and woman found dead in a car in a parking lot outside of the Hall County business on Thompson Bridge Road yesterday afternoon. And employees at a nearby business called 911. After seeing the bodies in the vehicle. The whole county sheriff's Office says both the man and the woman had suffered gunshot wounds. Detectives are investigating this particular case as an assisted suicide and suicide..
WTOP
"$7 million" Discussed on WTOP
"Warrants and 37 right now, lease birds had some sleep there. 34 right, National Hillary. It is 40 at Reagan National. Thank you. Mike. Brought to you by new Look home design right now. Save 50% on all roofing materials, or 21, now on double D T. O P. Former President Trump resisted calls for a special enrollment period for the roughly nine million Americans who lost their health insurance during the pandemic. But a recent executive action by President Biden Opens up enrollment to government health insurance markets starting today, it's available for people who don't have coverage through work, and it will make finding a plan less of a hassle. If you've lost your job. The window opened on the order of President Biden, who told the government health insurance markets that ended their annual enrollment periods in December to reopen the affordable Care act created state based insurance markets for people to buy individual coverage either for themselves or their family. Christopher Cruz w T o p News The insurance enrollment window will remain open through mid May. In most states. Today's February 15th the day after Valentine's Day, putting us right in the heart of Black History Month, a DC movie critic is celebrating by saluting 28 Days of black love on the silver screen him, Gordon, president of the Washington Area, Film Critics Association, suggests Carmen Jones the All black cast led by Dorothy Dandridge, the first African American woman nominated for best actress Harry Belafonte, dying. Carol made her film debut in this For the Love of I V very different side of City 48 that we hadn't seen 67 with that trio of landmark Felt to sir with love. Guess who's coming to dinner and in the heat of the night and Claudine The role was initially for the late Diane Sands, who was dying of cancer. So she wanted dying Carol to do the role. A woman who has six kids and falls in love see his fullest on wtp dot com. Jason friendly deputy of the news, hundreds of admirers stood in line to pay their fines. Respects to Sicily Taison in New York. Today, they traveled from as far as Atlanta, Los Angeles to honor the pioneering black actor at Harlem's famed Abbas in Ian Baptist Church. She died January 28th at age 96. She was still working near the end of her life, including recurring TV roles. Just last year. Among her many career accolades, Cicely Tyson picked up an Emmy for the 1974 TV classic. The autobiography of Miss Jane Pittman. She got a Tony Award in 2013 for her performance in the trip to Bountiful. It is 4 23 NBA legend Michael Jordan is donating $10 million to open to new health clinics near his hometown of Wilmington, North Carolina, and they're specifically meant to help people in need. CBS this morning anchor Gayle King. This comes after he already donated $7 million back in 2017 Open to clinics and Charlotte, the Michael Jordan family clinics provide primary medical care and mental health services. To underinsured or uninsured communities. Dr. Michael Hogan has worked very closely with Michael Jordan on his efforts. He told us how the clinics impact the community. You have a place that's thinking more about just here's a prescription. Go take this medication, but but really pulling in the pieces that maybe barriers for them. To achieve their best health and live their best quality of life. Those two clinics are supposed to open an early 2022 next in money news What you'll pay.
ESPN Chicago 1000 - WMVP
"$7 million" Discussed on ESPN Chicago 1000 - WMVP
"Between 6.5 and $7 Million on a one year deal with the Chicago Cubs. Per a source. He won't join the conversation. It's Friday night calls all calls welcome here on Black and Abdullah. 3123323776 bread and Gardner. You're on ESPN 1000. What's up, Brad? How much guys I guess doing. We're good. You stole my thunder. I was gonna say, how can you not talk about area but With all these bears calls. Honestly, I don't want once and I I don't want polls. So to me draft either Bring Mitch back and run it back. You see how bad it gets? We're bringing Fitzpatrick and maybe catch lightning in a bottle. Red. What is the to sell jail? What's the to sell jail? You sell jail? Yeah, I looked. I'd look up Gardner, Illinois, and it said that the two cell jails were curious to wear Gardner Wasp. That's what it's like an hour South Chicago All right up 55 interesting. It's like one of the original jails on route 66. It's I want to waste your time stopping to see it. No, I won't. Alright. Thanks. We learned something right. Appreciate spread. Have a good night, right? Brian Gardener. Yeah, I've never heard of guard when I looked it up the things like you know how I thought it was like the name of a town or something. I'm like, What is to sell jail was heads. If I had to find out multiple souls, I learned some bowling too. Hold in Las Vegas, OSI on the ESPN, Chicago and Colin, You're on ESPN 1000. What's up? All right, so my felt with bears. Like me as office space right now. And that thing going on and they need to bring in. They need to bring in the Bob to consult and start legitimately asking themselves. Is this the right thing to do for the for the organization? Because it's just It's like they're running on Hawaiian shirt day and you know everyone's got their head in the clouds and I just want to see them do something right for once, but they want and enough's Thank Colin. Real quick for me. Could you do something for me? Yes, Repeat after me. It's one small step for man for man. One giant leap. One diabetes. For mankind. Kermanshah. Thank you. Beautiful today. Thank you calling. We appreciate the phone call, you know, Last time he called it so that when he was on the moon that time he kind of sound like he was in submarine. Did you hear that? The high pitch people in the background? Yeah. Johnny in Vegas. I don't know any sudden move, Johnny. How are you? So for the hunt for Red October? What's up? Liberty? Bill? Boys. What? A Friday night so called the best Thanks for taking my call Guys on this trip playlist. Listen, uh I like like you said, Abdullah. I'm calling in five and my time. Better Monday morning. Uh, 30, man, Uh, you take that tray tunes one, So he made a new one. He told me certain it was like you gotta bring some heat on cap. So we did that so That that that song Thank you guys. So much for operation from that. That's one number two. Hey, uh, not to make fun of your fight night callers. But Robert Three bullets going to get that right hand man, right? Yeah. Thanks. Thank you. I guess we'll go to some MBA notebook now. The notebook for my man. What.
The IT in the D show: This is what happens when geeks, alcohol, pop culture and current events get together
"$7 million" Discussed on The IT in the D show: This is what happens when geeks, alcohol, pop culture and current events get together
"Twenty one. This is the one and only it in the show we wait. Is kobe gone now or do. We still have to wait till the twentieth of that. The v v georgia or the twentieth. When well yeah. Because the tomorrow's the georgia thing for control the senate and then the twenty and then. The sixth is the electoral college right. And then the twentieth deficient soul and so okay gone. But hey this is bob sales guy. That's debut gig randy do. The twitter's is doing the twitter you can find online at. It in the d dot com and make a quick shout. Episode is brought to you by our friends at twisted tea. If i'm right about the twenty four hours actually good luck. Finding it anywhere like because dude even distributors can't get their hands on that shit now. Memes have gotten to the point where they're looking at a beard truck with a twisted. Tnn they're like holy shit. The swat team has rolled up into town. It means ridiculous. I mean i love. I love that the guy that cracked the dude upside the head with the twisted pecan is. He's in one of the like bartenders and drinking groups that i went on facebook. And he's selling autographed. Twisted pecans for like twenty five bucks a piece. And i'm like dude good for you get the money while you can. Because nobody's nobody's gonna care in two weeks but get about twelve seconds like yeah. Nobody's nobody's gonna care in two weeks but you get that money and and do your thing. That sounds amazing. Was the ob wan going Us weapon for more civilized elegant. Or dude i liked the there is the one where it and they took the sabre out of hand and put in a can of twisted tea. In the young lincoln that was dropped the f bomb so the young ling had ama on reddit and apparently when antiquated walked in the room. He just yell booze loud as he could to like starter kids so that they would have that..
KOMO
"$7 million" Discussed on KOMO
"1000 FM 97 7 couple news time 8 31 It's 42 degrees. Art Sanders Top local stories from the camo 24 7 News Center. Up. TOC 750, members of the National Guard will be activated to help protect the state Capitol In Olympia, the same time of mob was raiding the U. S Capitol Wednesday. An angry group of up to 100 people breached the gate of the governor's mansion. They stood on the lawn and demand to see Governor Jay Inslee. He did not come out, initially said yesterday that safety is a top concern will be security. We do understand the threat level is high. Given what happened the nation's capital and did it together his residence. This comes of the state legislatures set to open its yearly session next week in the same group pledges to go inside the closed building. The Guard members will assist the State Patrol and local police. Governors changed to a regional cove It tracking plan has leaders in one big county discussing whether it'll help or hurt them more from comas Ryan Harris at this week's Pierce County Board of Health Meeting, County executive Bruce Damn, IRS, said the plan will require some reeducation. Our community is going to be very confused. But county health officer Dr Anthony Chen says it makes sense because of the lines. Pierce County with others based on hospital resource is where earlier drafts would have linked them with other counties in a way that didn't make sense. Chan also says it'll save them. The huge process needed to move to the next phase and express my frustration like when we had a surge in the summer and then again in the fall. There was not a quick way for us to move backwards, Original say start was kind of optimistic chances They still need to work out with state how the key measures attract Ryan Harris come Oh news in counties out with a plan to get covert vaccines in the arms of people as quickly as possible when the next phase of the rollout begins, which is in about three weeks. Seattle King County Public Health expects to have two large vaccination centers open also planned to have a fleet of vans. Which will carry contractors to give the shot at large workplace is an individual homes. County executive Constantine says they hope to give the shot to 70% of adults by Augustine County. That's more than one and a quarter million people. And it would take six months under a very aggressive plan that administers 16,000 vaccines each day cost to start Cole the cost to start the program is $7 million. County leaders call that a down payment On the program. Coma News Time a 34 and traffic every 10 minutes on the forest from the Dubin Law Group Traffic Center Tama Fulton. Gamba Span in Spanaway, a stall that's blocking the right lane on north bound highways. Seven just north of military roads. You want to stay to the left to get by much for a crash in Seattle and First Avenue south. That's South Finley Street, partially blocking with the emergency crews on the scene at him, Uncle T O still watching our crash on South Bound Highway 5 to 5. I said, Wait 5 to 6. It's been moved over to the right shoulder but who is causing a bit of a slow down our next camel traffic at.
KOMO
"$7 million" Discussed on KOMO
"Moh news 1000 FM 97 7 Come on news time. 4 31 Good afternoon. I'm Rick fan sites with ELISA Jaffe is we continue with our top stories now from the Coma 24 7 News Center. In county is about to start a program that aims to get the Corona virus vaccine sent out quickly. Combos Charlie Harper tells us the initial cost of the plan is $7 million, and that cost sounds like it's just the beginning. Seattle King County Public Health Director Patty Hey says the initial plan is to set up a least two sites to vaccinate people and then hire contractors and vans to go out to work places in homes to give the shots. We are hoping for funding from the federal state level. In the $7 million is an incredible down payment to help us take that first step towards the much larger scale effort that will be unnecessary, he says. The shots will be free of charge. County executive warrants even had an aggressive pace of giving shots of 16,000 people a day it would still take about six months. He gets 70% of adults in the county vaccinated. Charlie Harder, come on news. The governor's changed to a regional covert tracking plan has leaders in one big county discussing whether it will help or hurt them. We have more from comas rang and Harris this week's Pierce County Board of Health Meeting, County executive Bruce Damn, Myers said the plan will require some reeducation. Our community is going to be very confused. But county health officer Dr Anthony Chen says it makes sense because of the lines. Pierce County with others based on hospital resource is where earlier drafts would have linked them with other counties in a way that didn't make sense. It's Chan also says it'll save them. The huge process needed to move to the next phase and express my frustration like when we had a surge in the summer and then again in the fall. There was not a quick way for us to move backwards. The original state start was kind of optimistic chances. They still need to work out with the state how the key measures attract. Ryan Harris come Oh news. New employees at Western State Psychiatric Hospital will learn how to understand mentally ill patients through virtual reality Training CO. Most to Romero Pez more. The VR training introduces new staff to Lena, a single mom living with schizophrenia. Nothing could.