The International Monetary Fund’s (IMF) economic counselor has warned of the side effects of sharp monetary tightening. Noting that “Inflation is much stickier than anticipated,” he stressed that “financial risks have risen.” IMF Economist’s Warning Pierre-Olivier Gourinchas, Economic Counsellor and the Director of Research of the International Monetary Fund (IMF), shared his global economic outlook in a blog post published…
In brief Launched by veteran app developers, Perplexity AI not only provides answers to questions and prompts but also includes links to citations and related topics. The currently free AI chatbot is available via web browser and the Apple App Store. In the digital cafeteria where AI chatbots mingle, Perplexity AI is the scrawny new kid ready to stand up…
The Shapella hard fork has officially been executed on the Ethereum Mainnet— meaning that Ethereum validators can finally withdraw their staked Ether (ETH) from the Beacon Chain. The long-awaited upgrade took effect at 10:27 PM UTC on April 12. Through Ethereum Investment Proposal EIP-4895, staked ETH was pushed from the Beacon Chain to the Ethereum Virtual Machine (EVM) otherwise known…
ETH withdrawals are now live. At 6:27 pm EST, Ethereum’s Shanghai upgrade was successfully implemented, enabling the withdrawal of staked ETH and effectively finalizing the network’s years-long transition to proof of stake. Last September, Ethereum successfully executed its highly anticipated merge event, forever changing both how ETH is created and how transactions on the Ethereum network are validated. The upgrade…
Ethereum is expected to complete its highly anticipated Shanghai upgrade just minutes from now. That means the network behind the world’s second-largest cryptocurrency will finally allow users to withdraw the ETH that has been locked up over the past two years. But what does that mean for institutional investors? Will they be more attracted to the asset? Will big money…
Paxos, a fintech company that offers blockchain-based solutions for the global financial industry, has announced its decision to withdraw from the Canadian Market. The company released a statement on its website informing customers that they will no longer be able to transact from their Paxos accounts starting from June 2nd, except for withdrawing their funds. The move comes as Paxos…
According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S. Commodity Futures Trading Commission (CFTC), and Tron founder Justin Sun’s being sued by the Securities and Exchange Commission (SEC) five days earlier. Binance US…
Texas lawmakers in the state’s Senate have approved a bill aimed at largely removing incentives for crypto miners operating under the seemingly friendly regulatory environment. In a 30-1 vote on the floor of the Texas State Senate on April 12, lawmakers in the 88th legislative session passed Senate Bill 1751, legislation that would amend sections of the state’s utilities and…
Billionaire investor Warren Buffett doubled down on his Bitcoin criticism today, once again suggesting that the asset is nothing more than a get-rich-quick scheme. In a Wednesday interview with CNBC, the Berkshire Hathaway boss said he didn’t blame people for wanting to get involved in what looks like “easy money.” The “Oracle of Omaha” has long been a Bitcoin skeptic,…
A joint task force featuring investigators from the Calgary police department and analysis from blockchain data firm Chainalysis, dubbed the Western Canada Cryptocurrency Investigations Centre, was officially launched on April 12. In a blog post announcing the partnership, Chainalysis cofounder and chief strategy officer Jonathan Levin remarked that “this demonstration of public-private partnership to solve novel issues in financial services…
