Latest posts
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Blackstone’s LivCor Resolves DOJ Allegations of Rent Price Fixing
The U.S. Department of Justice (DOJ) announced on Tuesday that it has reached a settlement with LivCor, a property management subsidiary of Blackstone Inc., over allegations that competing landlords conspired to inflate rental prices by sharing sensitive pricing data via a software platform. In January, the DOJ initiated legal action against six major landlords, including…
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Gold and Silver Surge While Bitcoin Struggles: Understanding the Shift Towards Precious Metals
Recent analyses suggest a significant shift in investor sentiment as Bitcoin continues to grapple with the $90,000 threshold amid growing concerns of a prolonged bear market. The market is increasingly cautious, with investors reevaluating their risk exposure in light of potential challenges ahead. Despite Bitcoin’s attempts to stabilize, its price trajectory remains subdued, providing little…
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Shift in Ethereum Stablecoin Usage: B2B Transactions Surge 156%, P2B Payments Increase by 167%
The landscape of Ethereum-based stablecoin transfers is evolving, with recent data revealing that businesses and merchants are now transacting significantly more value on-chain compared to individual users. This trend indicates that Ethereum is quietly establishing itself as a settlement layer for corporate payments and consumer transactions, rather than merely facilitating peer-to-peer transfers. While the majority…
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CNOOC Launches New Xijiang Offshore Project in the South China Sea
CNOOC Limited has begun production at the Xijiang Oilfields 24 Block Development Project, a shallow-water oil initiative situated in the Pearl River Mouth Basin. This project utilizes existing infrastructure from the nearby Huixi Oilfields while featuring a newly installed unmanned wellhead platform, known as Xijiang 24-7. The development encompasses 10 production wells and aims to…
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China Maintains Benchmark Lending Rates for Seventh Consecutive Month
In a move that aligns with market expectations, China has kept its benchmark loan prime rates (LPRs) steady for the seventh month in a row as of December 22. Authorities appear to be taking a measured approach, indicating they are not pressed to implement additional monetary easing as the second-largest economy is on track to…
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Bhutan Invests 10,000 BTC in Mindfulness-Centric Economic Development
The Kingdom of Bhutan has advanced its incorporation of bitcoin (BTC) by dedicating a significant portion of its reserves to the establishment of Gelephu Mindfulness City (GMC), a new special administrative region. As announced in a press release to CryptoPotato, the country plans to deploy 10,000 BTC, approximately valued at $1 billion, to aid in…
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ByteDance Forms Joint Venture to Manage TikTok’s U.S. Operations
By David Shepardson WASHINGTON, Dec 18 (Reuters) – Chinese tech giant ByteDance, the parent company of TikTok, announced on Thursday that it has entered into binding agreements with three major investors to establish a joint venture dedicated to operating TikTok’s app in the United States. This move, led by American and international investors, aims to…
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Cannabis Firms Encounter Challenges in Securing Funding from Major Banks Despite Regulatory Changes, Experts Warn
Cannabis companies are grappling with high borrowing costs as large banks remain hesitant due to the federal illegality of cannabis. Although the reclassification of marijuana by U.S. President Donald Trump may alleviate some regulatory burdens, experts believe it won’t significantly improve access to capital from major financial institutions. Many cannabis firms have been forced to…
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Iconic Bitcoin Trader Increases Ethereum Investment Despite Over $70 Million in Losses
In an environment marked by fear and uncertainty, Ethereum is experiencing renewed selling pressure. Market analysts are increasingly forecasting a prolonged bear market extending into 2026, citing Ethereum’s struggle to surpass significant structural levels and the lack of strong momentum. While bulls strive to defend the crucial $2,800 mark that underpins short-term confidence, trading activity…
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Prominent Companies Announcing Layoffs in 2025 Include Verizon, IBM, Amazon, Starbucks, and American Airlines
Major firms like Verizon, Starbucks, Meta, Microsoft, and UPS have reduced their workforce this year. In October, Amazon announced it would lay off about 14,000 employees. The list of companies implementing staff reductions in 2025 is expanding, continuing a trend that follows two years marked by significant layoffs across several sectors, including technology, media, finance,…
