Author: IA PressRoom

Souce: AdobeThe US Commodity Futures Trading Commission Chair Rostin Behnam, Coinbase’s Chief Legal Officer Paul Grewal and a slew of former regulators are set to testify Tuesday morning in front of a US congressional committee.The House Agriculture Committee will meet to discuss legislation to regulate cryptocurrencies and hear from Behnam, Grewal and former CFTC Chair Christopher Giancarlo, among others.The hearing titled, “The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets,” starts at 10 a.m. following news of a Securities and Exchange Commission complaint filed against crypto exchange Binance and days after House Agriculture Chair Glenn “GT” Thompson,…

Democratic Cherokee Nation Principal Chief Chuck Hoskin Jr. was re-elected with 63% of the vote in a four-way race, per results certified Monday.Hoskin, 38, and running mate Bryan Warner, needed 50% of the vote to avoid a runoff.”Today, we celebrate not only a victory but a renewal of our shared commitment to the principles that have guided our nation for centuries,” the two said in a joint statement.Cherokee Nation’s Principal Chief Chuck Hoskin Jr. won re-election to another four-year term as leader of the nation’s most populous tribe, according to results certified Monday by the tribe’s Election Commission.Hoskin, a 38-year-old…

Tech “visionaries” have been attempting to sell the world on a virtual-reality future for decades, largely using videogames and overwrought hype as a hook, but Apple Inc. took a more grown-up — and exciting — approach on Monday. When Apple AAPL, -0.76% finally showed off its much-anticipated augmented-reality headset, executives avoided the hype and the hypermasculine imagery that has long been associated with a technology that has never moved beyond niche. It was a welcome approach, and portends a potentially strong offering — though the wait for proof of that potential will be long. “ ‘Vision Pro will introduce us…

Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app While Elon Musk claims that “almost all advertisers have come back to Twitter,” some still don’t want anything to do with the company’s CEO.The New York Times, citing four people familiar with Twitter’s advertising situation, reported that certain brands that have returned to advertising on the platform are using Twitter’s adjacency controls to keep their content clear of increasingly troubling content — including Musk’s own tweets.Jason Kint, chief executive of Digital Content Next, told the Times…

Bitcoin drops 5% after US watchdog accuses Binance of multiple violations

© Reuters. FILE PHOTO: The offices of gene sequencing company Illumina Inc are shown in San Diego, California January 11, 2016. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – Illumina Inc (NASDAQ:) filed an appeal late on Monday against an order by the U.S. Federal Trade Commission, which is demanding that the company divest cancer diagnostic test maker Grail Inc because of concern that its ownership would stifle competition in the U.S. market for cancer tests.

© Reuters. FILE PHOTO: A view of Mexico city’s skyline during a sunset as cars are pictured along Reforma Avenue in Mexico City, Mexico in this picture taken through glass in a building, May 24, 2023. REUTERS/Henry Romero MEXICO CITY (Reuters) – Mexico on Monday pitched a series of tax incentives aimed at luring companies into investing in a business corridor that President Andres Manuel Lopez Obrador is developing in a southern isthmus in hopes of competing with the Panama Canal. The finance ministry said companies that invest in the so-called Inter-Oceanic Corridor connecting the Pacific port of Salina Cruz…

Source: vvicca/AdobeThe Russian megabank Rosbank says it has launched a “cross-border crypto payments” pilot.Per RBC, Rosbank has become the “first major” Russian bank to launch cross-border payments services “in cryptocurrency.”The bank has teamed up with a local crypto firm named B-Crypto for its initiative.B-Crypto works as an “intermediary” by “buying cryptocurrency abroad” on behalf of importers before “transferring [coins] to foreign suppliers.”The banks said that it was “already conducting pilot transactions with corporate and private clients.”B-Crypto reportedly specializes in “making international payments in digital currencies.”Companies can reportedly use the pilot platform to “pay for imported goods or services in cryptocurrency”…

Watch CNN’s full interview with Chairman of the Joint Chiefs of Staff Mark Milley on “The Lead with Jake Tapper” today at 4 p.m. ET. CNN  —  The top US general told CNN on Monday that while Ukraine is “very well prepared” for a counteroffensive against Russia, it is “too early to tell what outcomes are going to happen.” “They’re in a war that’s an existential threat for the very survival of Ukraine and has greater meaning for the rest of the world — for Europe, really for the United States, but also for the globe,” Chairman of the Joint…

SlavkoSereda/iStock via Getty Images Crude oil closed higher Monday but surrendered nearly all of its healthy early gains, as Saudi Arabia’s go-it-alone production cuts – allowing Russia and the rest of OPEC+ to keep pumping freely – only underscored the broader weakness in the oil market and the deepening cracks in the cartel. This weekend showed the “ultimate failure of the Saudis” to coordinate the OPEC+ members to undertake “what was required to bring better prices into the market,” Ed Morse, Citi’s global head of commodities research and managing director, told CNBC. “We have a potential for supply to be…