Our weekly roundup of news from East Asia curates the industry’s most important developments. Thailand’s crypto UBI Thailand may soon have a national airdrop in the works where every citizen 16 years and older will receive 10,000 Baht ($285). According to local news reports on August 30, Thailand’s ruling Pheu Thai party will consult the
(Click here to subscribe to the Delivering Alpha newsletter.) “It’s very difficult to buy a sports team and lose money,” Carlyle Co-Founder David Rubenstein recently said in an interview for a CNBC podcast. Historically, that purported upside has only been enjoyed by the wealthiest of the wealthy. But most major U.S. sport leagues have – just within the last
The Department of Health and Human Services has sent a letter to the Drug Enforcement Agency recommending that marijuana be reclassified to Schedule III, down from Schedule I, and if passed, the change could have an impact on how local governments collect taxes on cannabis businesses. That’s the latest in the Biden Administration’s efforts towards
Municipals were steady to firmer in spots to close out August as inflows returned to muni mutual funds. U.S. Treasury yields fell and equities were mixed ahead of Friday’s employment report. Triple-A benchmarks were bumped up to three basis points, depending on the scale, while UST yields fell three to four basis points. The two-year
Human ID project Worldcoin signed up over 9,500 users in Argentina in a single day in August, setting a record for single-day signups. To achieve this feat, facilitators onboarded participants at an average rate of less than nine seconds per person, according to an Aug. 31 announcement from the project. Argentina is one of the
The guilty plea this month by Anaheim, California’s former mayor underscores the long slog the city faces in restoring its image and finances after an FBI corruption probe became public amid the city’s efforts to recover financially from the COVID-19 pandemic. Harry Sidhu, the ex-mayor, agreed to plead guilty to federal felony charges for obstructing
Many developers and design firms have looked to the adaptive reuse of underutilized office buildings as an answer to today’s dearth of affordable housing. But a superior solution may be found in converting the schools of yesteryear to much-needed housing. That is the conviction of architects at Moody Nolan, the nation’s largest Black-owned architecture firm,
In a recent interview,Reid Hoffman, ex-COO of PayPal Inc PYPL , blasted Tesla and SpaceX CEOElon Muskfor his handling of a merger that led to the creation of PayPal. Musks internet banking firm, X.com, merged with Confinity, a security software company co-foundedby Peter Thiel, in 2000.The union of these two companies eventually brought about PayPal.
The Biden administration released a list of the first 10 prescription drugs Medicare will now be able to negotiate prices on, which could lead to a savings of some $100 billion over the next decade. The price negotiation was established as part of 2022’s Inflation Reduction Act and is a massive blow for Big Pharma,
The Cripto Latin Fest 2023, held in Bogot, Colombia, Aug. 16-19,wasn't just another crypto conference. It was a testament to the resilience and passion of the Latin American crypto community. As the city felt the tremors of an unexpected earthquake on Aug. 17, the spirit of the attendees remained unshaken. Voices from the Ground: Fabian
Gracy Chen has parlayed her success as a TV journalist covering financial news and interviewing some of the big names from crypto, into becoming an entrepreneur, founder, and leader in the Web3 space. Chen was an on-air journalist working for Phoenix Television, one of the largest media organizations in Asia. Her position allowed her to
FintechFluidAI, a fintech platform operating in the tokenized market, announced Monday it has teamed up with I-X, the artificial intelligenceinitiative of Imperial College London. This partnership is the first globally recognized university AI collaboration to be partially financed through cryptocurrency. Thejoint mission? Addressingpressing inefficiencies in the digital asset market, primarily fragmented liquidity. The crypto realm
In a major move, RaribleRARI/USD , a prominent decentralized NFT platform, has announced its decision to cease aggregating orders from other NFT marketplaces, including OpenSea and LooksRare. This strategic shift is in line with Rarible's renewed focus on fully embracing the royalty system for its artists and creators.Why the Change? Rarible's decision stems from its
In a recent interview,Reid Hoffman, ex-COO of PayPal Inc PYPL , blasted Tesla and SpaceX CEOElon Muskfor his handling of a merger that led to the creation of PayPal. Musks internet banking firm, X.com, merged with Confinity, a security software company co-foundedby Peter Thiel, in 2000.The union of these two companies eventually brought about PayPal.
The Biden administration released a list of the first 10 prescription drugs Medicare will now be able to negotiate prices on, which could lead to a savings of some $100 billion over the next decade. The price negotiation was established as part of 2022’s Inflation Reduction Act and is a massive blow for Big Pharma,
The Cripto Latin Fest 2023, held in Bogot, Colombia, Aug. 16-19,wasn't just another crypto conference. It was a testament to the resilience and passion of the Latin American crypto community. As the city felt the tremors of an unexpected earthquake on Aug. 17, the spirit of the attendees remained unshaken. Voices from the Ground: Fabian
Gracy Chen has parlayed her success as a TV journalist covering financial news and interviewing some of the big names from crypto, into becoming an entrepreneur, founder, and leader in the Web3 space. Chen was an on-air journalist working for Phoenix Television, one of the largest media organizations in Asia. Her position allowed her to
FintechFluidAI, a fintech platform operating in the tokenized market, announced Monday it has teamed up with I-X, the artificial intelligenceinitiative of Imperial College London. This partnership is the first globally recognized university AI collaboration to be partially financed through cryptocurrency. Thejoint mission? Addressingpressing inefficiencies in the digital asset market, primarily fragmented liquidity. The crypto realm
In a major move, RaribleRARI/USD , a prominent decentralized NFT platform, has announced its decision to cease aggregating orders from other NFT marketplaces, including OpenSea and LooksRare. This strategic shift is in line with Rarible's renewed focus on fully embracing the royalty system for its artists and creators.Why the Change? Rarible's decision stems from its
Titan Global Capital Management USA LLC, a New York-based fintech investment adviser, hasagreedto pay over $1 million to settle charges brought by the U.S. Securities and Exchange Commission (SEC). The charges pertain to misleading statements made by Titan about performance metrics and the custody of clients' crypto assets. The settlement represents the first violation under