Decentralized finance (DeFi) is growing fast. Total value locked, a measure of money managed by DeFi protocols, has grown from $10 billion to a little more than $40 billion over the last two years after peaking at $180 billion. Total value locked in DeFi as of Nov. 2022. Source: DefiLlama The elephant in the room? … Read more
Google paid Activision Blizzard approximately $360 million to prevent the troubled publisher from allegedly competing directly against the Play Store. The deal was one among at least 24 agreements the search giant signed as part of its Project Hug initiative, according to court documents seen by Reuters. The financial details of Project Hug – later … Read more
FTX declared bankruptcy this month with $900 million in assets against $9 billion in liabilities. Its founder and former CEO, Sam Bankman-Fried, is being questioned by police in the Bahamas, and many customers are unable to withdraw their deposits. Its holdings of Serum’s SRM, a token Bankman-Fried developed, dropped from a value of more than … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content ORLANDO — The euphoria that engulfed markets last week after surprisingly soft U.S. inflation figures was understandable. But be careful what you wish for. Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia … Read more
Bob Pockrass FOX NASCAR Insider When Alex Bowman returned to racing after missing five weeks because of a concussion, he returned to a car that was the same for the most part except for the area he can control. Tyler Reddick didn’t miss any races, but he raced at Phoenix a week after he retired … Read more
The Bank of England is pushing lenders to do more to prevent a repeat of the pension funds crisis in September, unleashed after the former chancellor Kwasi Kwarteng unveiled his tax-cutting “mini” Budget. The fiscal plan, delivered on September 23 and subsequently ripped up by new chancellor Jeremy Hunt, triggered a sharp fall in UK … Read more
Chinese President Xi Jinping, right, welcomes German Chancellor Olaf Scholz at the Great Hall of the People in Beijing on Friday. Kay Nietfeld / Pool / AFP / Getty Images hide caption toggle caption Kay Nietfeld / Pool / AFP / Getty Images Chinese President Xi Jinping, right, welcomes German Chancellor Olaf Scholz at the … Read more
View gallery Image Credit: Courtesy of Eric LaRokk/Civic Cipher Kanye West sparked major backlash when he wore a “White Lives Matter” shirt for his Yeezy Season 9 fashion show during Paris Fashion Week on Oct. 3, 2022. Kanye’s use of the white supremacist phrase, categorized by the Anti-Defamation League as a hate slogan, pushed it back into the news. With … Read more
The writer is a former senior colonel in the People’s Liberation Army and now senior fellow at the Center for International Security and Strategy at Tsinghua University and China Forum expert Will Putin use nuclear weapons in Ukraine? This billion-dollar question matters not only to Kyiv and Europe, but also to China. So far Beijing … Read more
Movie studios go to great lengths to keep storylines from their films to leak and superhero movies are known to take the secrecy one step further. Paul Dano is opening up about his time filming The Batman and the “special binder” that had a “tracking device” to maintain everything under wraps. “Don’t lose this. Put … Read more