Hints and tips:
...Yesha Yadav, law professor at Vanderbilt University, doubted that “a much more ‘boring’ Binance 2.0 would be able to attract the kinds of dominant volumes it has done historically”....
...The token now trades below $2, compared to more than $26 at the beginning of November....
...US President Joe Biden said Israel and Hamas were “very close” to an agreement. 2....
...Zhao’s comments align with China’s Global Security Initiative, a manifesto which analysts think ultimately aims to reduce America’s role in global defence....
...China’s economy has shown signs of stabilisation in recent weeks after mixed signals last year, when Beijing said gross domestic product grew 5.2 per cent despite weak export revenue and property sales....
...Other figures present included Hock Tan, chief executive of Broadcom, Joshua Cooper Ramo, co-chief executive of Kissinger Associates, Peng Zhao, chief executive of Citadel Securities and Bill Hornbuckle...
...The very clever tech behind bitcoin was undermined because it didn’t take human nature into account. 2....
...Kevin Zhao, head of global sovereign and currency at UBS Asset Management, in an October interview on CNBC similarly said that markets were acting to restrain runaway borrowing....
...“We want to spend 2 per cent of time making decisions, and 98 per cent of time doing them,” Zhao said during an internal meeting in Binance’s Shanghai office a recording of which has been seen by the FT....
...Clips from CNBC, CBS News and Good Morning America The FT Weekend Festival is back on Saturday, September 2 at Kenwood House Gardens in London!...
...The EIA estimates that bitcoin mining accounts for 2.2 per cent of total electricity consumption in the US and is worried about its growing demands and states’ ability to maintain other services....
...The Moroccan earthquake struck last Friday and has claimed the lives of at least 2,800 people and destroyed more than 30,000 homes....
...“This time last year almost everyone was predicting a recession and buyers were more cautious, [saying] ‘Maybe I don’t need that second home’”, reflects Chen Zhao, head of economic research at Redfin, a...
...The launch comes just weeks after the US restricted the sales of high-performance chips to China that can be used in AI systems. 2....
...: Prime Minister Benjamin Netanyahu remains a long way from his objectives despite the deal his government struck with Hamas. 2....
...Binance chief Changpeng Zhao has resigned and pleaded guilty to a US criminal charge of failure to protect against money laundering....
...But the Japanese taxpayer is a major shareholder in Shinsei Bank via two government institutions that cannot sell for less than ¥349bn ($2.34bn), or about ¥7,450 per share....
...Last month alone, it processed $2.8tn in crypto coin and derivatives transactions, according to CryptoCompare data....
...But on November 2, a 12-person New York jury needed less than five hours to reach unanimous agreement that Bankman-Fried was guilty of seven charges....
...Fact 2 Most unresolved inflation episodes involved ‘premature celebrations’ This argument seems particularly pertinent today....
...FTX trial: The New York fraud trial of Sam Bankman-Fried has not only shed light on the chaotic collapse of the crypto exchange but also on his fateful rivalry with Changpeng Zhao....
...PDD reported $2.5bn of cash flow, even as it appears to throw very large sums at the expansion of Temu....
...“We have an advantage as a central company and as a state team,” China Mobile vice president Zhao Dachun said in Hong Kong last week, hinting that his company expects to have an edge in obtaining contracts...
...Here’s more on the Gulf states’ AI ambitions. 2....
...The Cold War between FTX’s Sam Bankman-Fried (SBF) and Binance’s Changpeng Zhao (CZ) went nuclear this week. Crypto was the biggest loser in the ensuing radioactive fallout....
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