Author: MNK News
An advertisement in Hong Kong features an illustrated President Donald Trump holding bitcoin.May James/Zuma Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. The growth of crypto—decentralized digital currency that doesn’t rely on the backing of a bank or government—is one of the most transformative financial developments of the 21st century. And yet cryptocurrencies still baffle so many. How risky of an investment is it? Where do I buy it? And, wait, what is crypto again? On this week’s More To The Story, host Al Letson sits down…
A massive Internet blackout struck Afghanistan on September 29, evidently imposed by the Taliban regime to “prevent immoral activities,” as a spokesman for the Islamist junta put it. Radio Free Europe (RFE) noted that Taliban officials were spotted “severing fiber-optic cables in multiple provinces” a few weeks ago, causing local Internet outages. On Friday, a regime spokesman in the northern province of Balkh said the cables in his region were cut on the orders of Taliban Supreme Leader Haibatullah Akhundzada. Three days later, the Internet went dark in most of Afghanistan and mobile phone service was sharply degraded. “Recent studies…
Conflux Network, which claims to be the only regulatory-compliant public blockchain operator in mainland China, has been allowed to experiment with offshore yuan stablecoins as Beijing seeks to secure a position in the new global financial order, according to its founder.Conflux had received a tacit green light from Chinese authorities to explore the development of offshore yuan stablecoins, and was aiming to have up to 300 million yuan (US$42.1 million) worth of tokens issued on its blockchain by the end of this year, its founder Fan Long said in an interview on Tuesday.“Previously, we weren’t given such opportunities,” Long said.…
Bitcoin price started a recovery wave and traded above $114,200. BTC is now consolidating gains and facing hurdles near $114,750. Bitcoin started a fresh recovery wave above the $114,000 zone. The price is trading above $114,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $113,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it clears the $114,750 zone. Bitcoin Price Eyes Upside Break Bitcoin price managed to stay above the $112,000 zone and started a recovery wave. BTC…
WASHINGTON (AP) — The White House is withdrawing the nomination of E.J. Antoni to lead the Bureau of Labor Statistics, according to a White House official and an AP source who spoke on the condition of anonymity to discuss the action, which has yet to be publicly announced.The White House official declined to say the reasons for withdrawing the nomination, only to say that Antoni was a talented economist and that President Donald Trump plans to announce a new nominee soon. The Senate received paperwork formally withdrawing Antoni’s nomination on Tuesday. From AP’s Standards and Stylebook teams: The AP is…
Hedera’s HBAR declined about 1.6% for the day to hover near $0.211, but the overall outlook into “Uptober” remains positive. Related Reading Momentum is supported by increasing ETF optimism, with new trust and ETF discussions bringing HBAR into the same conversation as large-cap altcoins, along with renewed engagement from SWIFT. Hedera Makes Global Partnerships Hedera representatives participated with SWIFT, Citi, and Germany’s Bundesbank on a Sibos panel to discuss digital-currency interoperability, highlighting Hedera’s role in real-world finance. Meanwhile, Wyoming’s Frontier Stablecoin pilot, which selects HBAR for low-cost, high-speed settlement, continues to validate Hedera’s enterprise-first approach. Under the Hedera Governing Council,…
The world’s largest cryptocurrency conference, Token2049, kicked off in Singapore on Wednesday, attracting a record-breaking 25,000 attendees amid growing adoption of digital assets by institutions and individuals globally, partly driven by a friendlier regulatory environment in the US.Participants from more than 160 countries formed a queue stretching hundreds of metres outside the Marina Bay Sands convention centre in the morning. The two-day event features five simultaneous forums and hundreds of industry-related booths, complemented by live music, coffee stands and even a tattoo station.Donald Trump Jnr, the oldest son of US President Donald Trump and co-founder of World Liberty Financial, was…
Microsoft hosts ready-to-use political censorship software on its Azure Marketplace in China, further evidence of how the company has aided the development and implementation of the country’s repressive system of political control. An Associated Press investigation revealed American tech companies like Dell, IBM, and Microsoft are increasingly recognized to have played a pivotal role in the construction of the modern Chinese surveillance state over the last two decades by providing critical hardware and software. Less documented is the role some U.S. companies have played in enabling mass censorship. Microsoft in particular aids and abets censorship by the Chinese government far more…
A driverless Waymo car was caught on camera illegally passing a school bus in Atlanta, Georgia, on Monday. The autonomous vehicles are becoming notorious for erratic driving in cities where they are allowed to operate. Video footage taken on a woman’s cellphone shows a driverless Waymo vehicle passing a school that had its stop sign out and lights flashing as children were exiting the bus, according to a report by 13 WMAZ. Watch Below: “Yeah, that’s a problem,” Georgia State Rep. Clint Crowe (R-District 118) said in reaction to seeing the video footage. Last year, Crowe co-sponsored Addy’s Law, which was…
MINNEAPOLIS (AP) — President Donald Trump’s administration said Tuesday that the state of Minnesota and its governing body for high school sports are violating a key federal law against sex discrimination by allowing transgender athletes to compete in girls sports.The ruling came from the civil rights offices at the U.S. Department of Education and the Department of Health and Human Services. The agencies said the Minnesota Department of Education and the Minnesota State High School League are violating Title IX “by allowing males to compete in female sports and occupy female intimate facilities.”The agencies said they found that the league…