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A record number of companies have dropped plans to list on Shanghai’s tech-focused stock market, with regulators raising the bar for initial public offerings in order to pick out domestic champions that can help Beijing’s drive towards technological self-sufficiency. Public records show 126 companies have cancelled or suspended IPO applications on Shanghai’s Star Market so
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Hopes of approval for a spot Bitcoin (BTC) exchange-traded fund by the United States Securities and Exchange Commission boosted Bitcoin’s price by 27% in October. This improved sentiment, attracting aggressive buying by crypto investors. Bloomberg senior ETF analyst Eric Balchunas highlighted in a post on X (formerly Twitter) that ProShares Bitcoin Strategy ETF (BITO), the
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Crypto lender BlockFi announced its emergence from insolvency this week, just a few days after FTX announced that it successfully reclaimed approximately $7 billion in assets. FTX debtors, comprising FTX and affiliates, estimate that $8.7 billion has been misappropriated from customers. BlockFi has lent FTX more than $650 million, making it one of the exchange’s
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For college students and those nearing graduation, it’s common to think about the future, including their career. Every year, undergrads call, email, and communicate with me on social media to ask for advice. They’re typically focused on finding their first full-time paying job. While gaining employment and becoming self-sustaining is essential to cover living expenses,
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Researchers from Florida Atlantic University and the University of Mississippi recently published research indicating that blockchains with “full” blocks — especially when there’s a transaction queue — appear to have an added layer of protection against nefarious actors, money launderers and would-be fraudsters.  Dubbed “Bitcoin Blocksize, Custodial Security, and Price,” the team’s paper takes a
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Solana Labs unveiled an all-new incubator program for project development on the Solana blockchain on Oct. 26.  Title simply “Solana Incubator,” the program will offer fundraising, development, networking, and marketing support for web and blockchain projects seeking to build on Solana’s platform. Building a web3 startup on the Solana network? ️ Today, @SolanaLabs introduces their
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A Louisiana congressional committee voted down plans for a $2 billion-plus public-private partnership that would replace an aging toll bridge near Lake Charles, a move that project proponents say will cost the state and provide for few alternatives. In an 8-6 vote on Tuesday, the Louisiana State Legislature’s Joint Transportation Highway and Public Works Committee
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Bitcoin (BTC) fell below $34,000 after the Oct. 26 Wall Street open as consolidation at 17-month highs continued. BTC/USD 1-hour chart. Source: TradingView $33,000 becomes do-or-die BTC price level Data from Cointelegraph Markets Pro and TradingView showed BTC price behavior challenging intraday lows. The largest cryptocurrency had attempted to push higher still the day prior,
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Jen Flood will be Michigan’s budget director, replacing Chris Harkins who is leaving the post next month. Gov. Gretchen Whitmer announced Thursday. Flood currently serves as deputy chief of staff, overseeing legislative affairs, federal affairs, policy, appointments, and community engagement divisions within the Democratic governor’s office. Jen Flood, Michigan Gov. Gretchen Whitmer’s current deputy chief
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Longtime muni market veteran Steve Winterstein’s strong interest in technology has been a constant in the direction of his 30-year career. “I’ve always been deeply interested in technology, and how to make workflows a lot more efficient and effective,” Winterstein said. After decades in the business and working with other firms focusing on tech, most
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The Securities and Exchange Commission overstepped its authority when it classified Coinbase-listed cryptocurrencies as securities, the exchange has argued in its final bid to dismiss a lawsuit by the securities regulator. In an Oct. 24 filing in a New York District Court, Coinbase chastised the SEC claiming its definition for what qualifies as a security
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