Reported about 2 months ago
As digital platforms increasingly control content and data, the issue of ownership for creators is more critical than ever. Rob Nelson and Elacity CEO Sasha Mitchell discuss how blockchain technology can empower creators by enabling them to reclaim ownership of their data and monetary support. They highlight the limitations of traditional platforms like Spotify and advocate for a decentralized system that allows direct monetization and fair compensation, ultimately giving creators more freedom and control over their narratives.
Source: YAHOO
Reported about 2 months ago
The article discusses how institutional investors are reshaping Bitcoin's role within the global financial landscape. Rob Nelson suggests that Bitcoin's value may correlate more closely with the strength of the U.S. dollar rather than traditional market movements. David Gokhshtein emphasizes that the involvement of major financial institutions, such as BlackRock, indicates growing confidence in Bitcoin's long-term value. He compares Bitcoin's potential growth to that of gold and highlights its resilience during global uncertainties, portraying it as a significant store of value.
Source: YAHOO
Reported about 2 months ago
In a recent discussion, experts highlighted the potential for blockchain technology to revolutionize various sectors, drawing parallels to the industrial revolution. They emphasized the importance of making blockchain intuitive and seamlessly integrated into everyday life, similar to the evolution of online commerce. Notably, applications such as decentralized finance (DeFi), stablecoins, and non-fungible tokens (NFTs) are already addressing real-world issues, while innovations like blockchain-based medical records and energy infrastructure promise to enhance user experience and drive broader acceptance of the technology.
Source: YAHOO
Reported about 2 months ago
Paetongtarn Shinawatra has been officially endorsed by King Maha Vajiralongkorn, making her Thailand's youngest prime minister at 37. Following a successful parliamentary vote, she expressed her commitment to serve diligently. The endorsement follows her party's coalition with various political factions, succeeding her father's political legacy amidst a complex history of the Shinawatra clan in Thai politics.
Source: YAHOO
Reported about 2 months ago
As traditional platforms increasingly restrict creators, discussions highlight how Web3 technologies could empower artists to regain control over their digital content. Experts like Rob Nelson and Rebecca Barkin emphasize the need for a more inclusive ecosystem for diverse creators, allowing direct engagement with their communities. Barkin suggests that blockchain can revolutionize content distribution, enabling creators to maintain ownership and transparent payments, thus fostering a new era of artistic expression.
Source: YAHOO
Reported about 2 months ago
In a significant by-election victory, Malaysia's ruling party Barisan Nasional secured a seat formerly held by the opposition Malaysian Islamic Party in Kelantan, bolstering Prime Minister Anwar Ibrahim's support amid growing economic recovery. The win, which saw Barisan Nasional receiving 9,091 votes against PAS's 5,739, empowers Anwar to pursue challenging financial reforms, including substantial civil service salary increases, as he aims to improve the country's fiscal health.
Source: YAHOO
Reported about 2 months ago
Some of Australia's superannuation funds have endorsed Prime Minister Anthony Albanese's plan to stimulate green manufacturing, which aims to unlock private capital for emission reductions and climate goals. The Albanese government seeks to pass the Future Made in Australia bill by year-end, mirroring the US Inflation Reduction Act, to boost domestic manufacturing and high-tech industries. Experts emphasize that collaboration between industry and government is vital for achieving favorable investment conditions, although Green party opposition threatens the bill's progress due to concerns over fossil fuel funding.
Source: YAHOO
Reported about 2 months ago
As the fall harvest approaches, the refrigerated truckload market is witnessing increased volatility, with the Reefer Outbound Tender Reject Index (ROTRI) and Reefer Truckload Index (RTI) trending higher. The ROTRI has consistently exceeded 8% since June, a notable rise compared to previous years, while the RTI has jumped around 13% since late April. Past fluctuations were often linked to harvest seasons; however, this year's challenges seem more widespread, signaling a need for heightened caution among those in the refrigerated shipping sector.
Source: YAHOO
Reported about 2 months ago
South Korean AI chip manufacturers Rebellions Inc and Sapeon Korea Inc have officially agreed to merge, following prior negotiations that began in June. This move aims to enhance their competitiveness against global leaders in AI chips, including Nvidia. Notably, Sapeon's investors include major firms like SK Telecom and SK Hynix, while Rebellions recently secured $15 million from Wa'ed Ventures, bringing its total funding to over $225 million.
Source: YAHOO
Reported about 2 months ago
Canada's two largest railroads, Canadian Pacific Kansas City and Canadian National, are preparing for potential work stoppages due to a labor dispute with the Teamsters union. This situation could severely disrupt cross-border trade with the U.S., particularly affecting shipments of hazardous materials and agricultural products. As negotiations continue, and with thousands of carloads worth about $1 billion handled daily, there are significant concerns about the economic repercussions if a resolution is not reached soon.
Source: YAHOO
Reported about 2 months ago
All eyes are on the Jackson Hole symposium where Federal Reserve Chair Jerome Powell will give a keynote address discussing the economic outlook, with expectations surrounding potential rate cuts. The event, set against a backdrop of crucial market shifts, will also feature appearances from other central bank leaders and key economic data releases that may influence future rate decisions.
Source: YAHOO
Reported about 2 months ago
Polish Prime Minister Donald Tusk has urged the supporters of the Nord Stream pipelines to apologize and remain silent following renewed discussions about the sabotage of the pipelines in 2022. His comments came after a German intelligence official suggested that Poland might have supported the attack, a claim Poland has vehemently denied, attributing such statements to Russian disinformation. As investigations continue, Polish officials maintain that the pipelines, which were designed to transport gas from Russia to Europe, hinder Poland's security interests.
Source: YAHOO
Reported about 2 months ago
Social media platform X has announced the suspension of its operations in Brazil, citing threats to arrest its legal representative by Supreme Court Justice Alexandre de Moraes if the company did not comply with censorship orders. While X is removing its staff in Brazil, it claimed that services would still be available to Brazilian users. This move follows previous clashes between X and de Moraes regarding issues of free speech and misinformation.
Source: YAHOO
Reported about 2 months ago
Media platform X, owned by Elon Musk, has announced the immediate closure of its operations in Brazil, citing censorship orders from judge Alexandre de Moraes. The company alleges that Moraes threatened legal representatives with arrest unless they complied with demands to remove certain content. Despite the platform's shutdown, X remains accessible to users in Brazil.
Source: YAHOO
Reported about 2 months ago
Lamborghini CEO Stephan Winkelmann unveils the new Temerario supercar, which succeeds the Huracán with a V8 bi-turbo engine and three electric motors, generating 907 horsepower. Despite global economic concerns, Winkelmann notes that luxury sales remain robust due to a 'YOLO' mindset post-COVID, contributing to Lamborghini's continued success and record sales in 2024.
Source: YAHOO
Reported about 2 months ago
Amid rising financial stress, the use of Payment-in-Kind (PIK) debt in corporate filings has surged, raising alarms among ratings agencies and investors. PIK allows companies to defer interest payments, often leading to hidden leverage that complicates future debt refinancing. While this approach may provide temporary relief during cash flow challenges, experts warn it could mask underlying liquidity issues and create unsustainable debt levels, particularly affecting private equity firms grappling with higher borrowing costs and lower valuations.
Source: YAHOO
Reported about 2 months ago
Chechen leader Ramzan Kadyrov has invited Tesla's CEO Elon Musk to Russian Chechnya after a video showed him driving a Cybertruck equipped with a machine gun. Kadyrov praised the vehicle as one of the best cars globally and expressed his intentions to donate it to Russian forces. He also emphasized his desire to showcase further developments from Musk to aid their military efforts in Ukraine.
Source: YAHOO
Reported about 2 months ago
Vice President Kamala Harris's campaign has announced a significant advertising reserve of $370 million, set to run from Labor Day to Election Day. This includes $170 million for television ads in battleground states and over $200 million for digital ads on platforms like Hulu and YouTube, targeting high-viewership moments and conservative-leaning independents.
Source: YAHOO
Reported about 2 months ago
Israel is cautiously optimistic about a potential cease-fire in Gaza, following high-level discussions with Qatari and Egyptian mediators about a new US proposal. Prime Minister Netanyahu's office indicated that the US intends to increase pressure on Hamas to accept the plan, which could lead to significant progress in negotiations. Despite this hopeful outlook, regional tensions remain high with ongoing conflicts, including recent rocket attacks from Hezbollah.
Source: YAHOO
Reported about 2 months ago
Lamborghini's CEO, Stephan Winkelmann, shares insights on the new Temerario hybrid supercar, describing it as the natural progression from the Huracan. He highlights how the 'YOLO' mindset among consumers is continuing to drive sales of luxury exotic cars.
Source: YAHOO
Reported about 2 months ago
Donald Trump is set to rally voters in northeastern Pennsylvania, aiming to regain support from conservative, working-class citizens just as Vice President Kamala Harris gains momentum in her campaign. Trump's remarks come during a pivotal Democratic National Convention while he tries to highlight economic challenges linked to the Biden administration and counter Harris' appeal to voters, especially in his previous stronghold of Wilkes-Barre.
Source: YAHOO
Reported about 2 months ago
Media platform X announced it is ceasing operations in Brazil immediately, citing 'censorship orders' from judge Alexandre de Moraes. The company claims Moraes threatened legal representatives with arrest if they did not comply with orders to remove certain content. X published a document indicating a hefty daily fine and arrest decree, prompting the closure to ensure staff safety. Despite the shutdown, the platform remains accessible to Brazilian users.
Source: YAHOO
Reported about 2 months ago
Chinese electric vehicle manufacturer BYD has announced plans to establish a car production facility in Karachi, Pakistan, marking its entry into the country's automotive market. The company, in partnership with Mega Motors, intends to sell three vehicle models and build flagship stores in major cities. BYD aims to promote environmental responsibility and technological innovation in Pakistan, launching operations at the new plant in 2026.
Source: YAHOO
Reported about 2 months ago
Vice President Kamala Harris is scheduled to hold a roundtable discussion with the Teamsters, a major labor union, despite the fact that its President, Sean O'Brien, has not been invited to speak at the upcoming Democratic National Convention in Chicago. O'Brien, who recently attended the Republican National Convention and criticized both major political parties, requested to address the Democratic Convention but has not received a response.
Source: YAHOO
Reported about 2 months ago
German battery manufacturer Varta has reached a restructuring agreement with its creditors that includes a significant capital injection from Porsche. The deal will reduce Varta's debt from €485 million to €200 million, with Porsche and major shareholder Michael Tojner set to become new owners and infuse €60 million in funding. Varta aims to stabilize its finances while maintaining jobs and keeping manufacturing in Germany, although existing shareholders will lose out as the company exits the stock exchange.
Source: YAHOO