Biden Admin Threatens COVID Funds over Arizona’s School Mask Mandate Ban
Estimated Reading Time: 2 minutes Arizona has two months to let schools force mask mandates or risk losing its share of COVID-19 aid from the federal government. In a letter from the U.S. Treasury Department sent to Gov. Doug Ducey’s office Friday, the Treasury reiterated its position stated in October 2021, warning that the state […]
Archegos founder Bill Hwang convicted at criminal trial over $36B fund’s collapse
Archegos Capital Management founder Sung-Kook “Bill” Hwang was convicted by a jury in a criminal trial in Manhattan federal court on Wednesday after prosecutors accused him of manipulating markets ahead of the 2021 collapse of his $36 billion private investment firm. Jurors began deliberations Tuesday morning, a day after closing arguments in the trial of […]
Feds unlikely to claw back Washington’s $1.1 billion in mishandled funds: Auditors
(The Center Square) – Despite a recent audit finding Washington state agencies mishandling more than $1 billion in federal COVID-19 aid, the State Auditor’s Office says it’s not common for federal departments to demand those tax dollars back from the state. A recent report from the SAO found a record 86 issues with how 11 state agencies […]
NYC hotels are set to take in over $1 billion in taxpayer funds to support migrants: Report
New York Post report New York City hotels will receive more than $1 billion in tax dollars to convert their buildings into migrant shelters. Of the 193 migrant shelters currently in operation in the city, 153, or about 80 percent, are motels, hotels or inns. A May analysis found that the city is paying an […]
US Bitcoin ETFs See $20.45M Outflow: Nine Funds Remain Flat – CryptoPotato
US spot Bitcoin ETFs experienced net outflows of $20.45 million on Wednesday. Interestingly, only two of them made moves amid market uncertainty. Grayscale’s GBTC saw outflows of $26.99 million, while Fidelity’s FBTC gained $6.55 million. The remaining nine funds, including BlackRock’s IBIT, Bitwise’s BITB and VanEck’s HODL, did not report inflows. US Bitcoin ETF Market […]
Kamala Harris to inherit $240m Dem funds if Biden drops out
Kamala Harris is poised to take over for Joe Biden if he drops out of the presidential race, in part because she’s the only one who can control the Democratic Party’s $240 million war chest, sources told The Washington Post. A number of prominent Democrats are lining up to replace the ailing 81-year-old Harris, but […]
Arizona Gets a Win in Court Challenge to Biden COVID Funds Tax Restriction
Estimated Reading Time: 2 minutes A federal appellate court dealt President Joe Biden a loss Thursday, ruling that Arizona can challenge the administration’s rule prohibiting states from using COVID-19 funds to lower taxes. Biden rallied support and passed the American Rescue Plan Act in March of last year. That law provided funding for states to […]
Government Funds AI Tools for Whole-of-Internet Surveillance and Censorship
Estimated Reading Time: 6 minutes I feel scared. Very scared. Internet-wide surveillance and censorship, enabled by the unimaginably vast computational power of artificial intelligence (AI), is here. This is not a futuristic dystopia. It’s happening now. Government agencies are working with universities and nonprofits to use AI tools to surveil and censor content on the […]
Bitcoin Funds Lost $630 Million, But BTC Bears Are Still On the Sidelines – Decrypt
It’s been a rollercoaster ride for crypto investment funds as the latest data from CoinShares shows heavy outflows for the second consecutive week. Digital asset investment products saw net outflows of $584 million last week, bringing the two-week total to a staggering $1.2 billion. This sharp reversal comes after a record $2 billion in inflows […]
CoinStats warns users to move funds from wallets created on platform following security incident – The Block
Security • June 22, 2024 at 4:40pm EDT Published 1 minute ago upon CoinStats, a popular app that helps users create wallets and track their crypto portfolios across different chains, has warned users who have created wallets using the app to transfer their funds following a “security incident” affecting the platform. The platform noted on […]