The Islamic Revolutionary Guard Corps (IRGC), in the presence of Commander-in-Chief Major General Hossein Salami, unveiled three new pieces of defense hardware developed in Iran. Among them is a new long-range radar with the ability to detect and attack stealth aircraft. The new radar system is called the Quds ( some sources said that the Qods). According to local media, the new radar is designed for detection of aerial platforms (including low-flying aircraft and unmanned aerial vehicles), measurement of their range, azimuth and range rate, automatic target tracking and classification,transmission of radar information into an integrated control system. – ADVERTISEMENT – […]
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The Islamic Revolutionary Guard Corps (IRGC), in the presence of Commander-in-Chief Major General Hossein Salami, unveiled three new pieces of defense hardware developed in Iran. Among them is a new long-range radar with the ability to detect and attack stealth aircraft. The new radar system is called the Quds ( some sources said that the Qods). According to local media, the new radar is designed for detection of aerial platforms (including low-flying aircraft and unmanned aerial vehicles), measurement of their range, azimuth and range rate, automatic target tracking and classification,transmission of radar information into an integrated control system. – ADVERTISEMENT – […]
Outgoing FCC Chair Ajit Pai Praised By Industry Organizations By Todd Spangler, Variety. December 2, 2020 Outgoing FCC Chair Ajit Pai Praised By Industry Organizations2020-12-022020-12-02https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/12/pai.jpg200px200px Above photo: FCC Chairman Ajit Pai testifies during a Senate Commerce, Science and Transportation committee hearing on June 24, 2020. AP. NOTE: It is no surprise the telecoms loved Ajit Pai, a former Verizon lawyer. He took the chairman’s position with a clear agenda to gut any regulations that impaired the telecom’s ability to profit despite what the evidence showed and what the public supported. The hashtag #PaiLies became popular during his four years. No doubt, he […]
Groups Call For Federal Investigation Of City Over Toxic Industry By Brett Chase, Chicago Sun Times. November 19, 2020 Groups Call For Federal Investigation Of City Over Toxic Industry2020-11-192020-11-19https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/11/chic.png200px200px Above photo: Residents on the Southeast Side have opposed the move of General Iron to their neighborhood. Sun-Times staff photo. City moving heavy industry to low-income neighborhoods. City’s role in relocating General Iron from Lincoln Park to a majority Latino neighborhood is one of many actions that violate civil rights, complaint alleges. The city of Chicago’s role helping General Iron move from affluent white Lincoln Park to a majority-Latino Southeast Side neighborhood to […]
How Government And Private Industry Let The Main Street Of A Black Neighborhood Crumble By Tony Briscoe, Haru Coryne, and Mick Dumke, Pro Publica. November 12, 2020 How Government And Private Industry Let The Main Street Of A Black Neighborhood Crumble2020-11-122020-11-12https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/11/chicago.png200px200px Above image: Illustration: Lisa Larson-Walker, Source Images: Chicago Public Library, Special Collections, Department of Urban Renewal Records. Disinvested. A half-century after Chicago’s uprisings in 1968, a once-thriving retail strip in East Garfield Park still suffers from broken promises, bad policy and neglect. Growing up in Chicago’s East Garfield Park neighborhood in the 1960s, Annette Britton spent a lot of time on Madison Street. […]
Russia has deployed a significant disinformation campaign against the Ukrainian defense industry to drive out the independent competitor. The Russian disinformation campaign has pushed fake news online in Egypt, Algeria, India, Peru, Nigeria, Czech Republic, Indonesia, Bangladesh and Saudi Arabia to discredit Ukraine as a reputable and reliable partner. Russia is actively intervening in the information space of other countries where Ukraine claims to win a tender for the supply of goods intended for military use and dual-use items. – ADVERTISEMENT – CONTINUE READING BELOW – Just last month, Russia, through its curators, transmitted false reports and information that Ukraine allegedly […]
How A Key Pentagon Official Turned China Policy Over To Arms Industry And Taiwan Supporters By Gareth Porter, Global Research. October 31, 2020 How A Key Pentagon Official Turned China Policy Over To Arms Industry And Taiwan Supporters2020-10-312020-10-31https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/10/randall-schriver-e1604178649566.jpg200px200px Above photo: From The Grayzone. The “Fortress Taiwan” arms deal overseen by ex-Assistant Secretary of Defense Randall Schriver is one of the most provocative U.S. moves against China in years. And a big win for his think tank’s arms industry and Taiwanese patrons. When the United States finalized a set of seven arms sales packages to Taiwan in August, including 66 upgraded F-16 fighter planes […]
New Report: More Than $1Billion From War Industry And Government Going To Think Tanks By Cassandra Simpson, Responsible Statecraft. October 23, 2020 New Report: More Than $1Billion From War Industry And Government Going To Think Tanks2020-10-232020-10-23https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/10/weapons-e1603462042646.jpg200px200px Above photo: U.S. Air Force Gen. Paul J. Selva, Vice Chairman of the Joint Chiefs of Staff; Ms. Christine Wormuth, former Under Secretary of Defense for Policy; Mr. Rob Weiss, Vice President and General Manager of Advanced Development Programs at Lockheed Martin; and Ms. Susanna Blume, Senior Defense Program Fellow at the Center for New American Studies (CNAS); at CNAS 2018 Annual Strategic Competition Conference […]
Profits for the second-largest carrier in the US have plummeted amid the ongoing pandemic due to a steep decrease in passenger demand, it was stated during the firm’s third quarter reports. United Airlines has reported adjusted losses per share of $8.16 compared to $4.07 last year, much lower than estimated of $7.53, Smarter Analyst reported on Thursday. According to the Chicago-based carrier, the airline’s average daily cash burn was $25m in Q3, down from $40m in the second quarter, due to a 59 percent reduction in operating costs. But revenues fell 78.1 percent year-on-year to $2.49bn, falling short of estimates of […]
Gasoline prices are posted at a Mobil gas station in Candia, N.H., on April 30. The coronavirus pandemic has renewed a critical debate about just when global oil demand will peak. Charles Krupa/AP hide caption toggle caption Charles Krupa/AP Gasoline prices are posted at a Mobil gas station in Candia, N.H., on April 30. The coronavirus pandemic has renewed a critical debate about just when global oil demand will peak. Charles Krupa/AP Oil is facing an existential crisis. There has never been so much uncertainty about the future of a commodity that keeps the global economic engine running. And it’s not […]
Although not a bulwark of the Norwegian economy, the tourism industry accounts for over 165,000 jobs in a nation of 5.4 million and corresponds to 1.8 percent of its GDP. According to new analysis by the Confederation of Norwegian Enterprise (NHO), total tourist consumption between January and August of 2020 fell by a staggering NOK 41 billion ($4.4 billion) compared with the same period last year, the news outlet Kampanje reported. The decline in tourist consumption was most significant among foreign tourists, with a 68% decline in the period – from NOK 46 billion (nearly $5 billion) to NOK 14 billion […]
British hospitality venues will reportedly challenge the legality of the government restrictions imposed on the sector as London is about to announce new measures that are likely to affect the industry in Northern England. Lawyers representing more than 10 hospitality organizations, including such major associations as the Night Time Industries Association (NTIA) and the British Beer and Pub Association, are expected to file a legal challenge to the latest round of anti-coronavirus restrictions with the Downing Street on Monday – the day when the government plans to outline new measures to slow down the rising infection rate, The Guardian reported. The […]
Libya’s National Oil Corporation (NOC) has announced it is ending force majeure on the Sharara oilfield, the nation’s largest deposit, marking another milestone for the recovery of the country’s oil production. In a statement released on Sunday, the NOC said it has instructed the operator of the southwestern field, Acacus, to start production arrangements, taking into consideration public safety and process safety standards. The corporation which operates Libya’s energy sector said that the move follows an agreement with the Petroleum Facilities Guard. According to the NOC, the group pledged to ensure that there would be no “security breaches.” Also on rt.com […]
Between BitMEX action, the U.K.’s derivative ban and the new U.S. Department of Justice enforcement framework, regulations are coming for crypto. On this week’s Breakdown weekly recap, NLW looks at a cross-section of regulatory news, including: NLW discusses why these might reflect a new moment in crypto history, what it means for current builders in bitcoin and DeFi, and why recruiting corporate allies like Square will become more important than ever. Source link
Indian business and industry leaders are seeing signs of recovery after the coronavirus crisis wiped out nearly a quarter of the country’s economy in the last quarter. “The more I converse with CEOs of various organisations, the more I get convinced that there is an improvement in the macro-economic situation, especially over the last month or so,” Axis Bank’s chief executive and managing director, Amitabh Chaudhry, told the Economic Times. Read more While the banker believes the recovery is imminent, he says the process could be slow or “L-shaped,” which is usually accompanied by persistent unemployment and stagnant economic growth. Chaudhry […]
The UK events sector has warned the government of the “existential threat” it is facing, claiming 90,000 redundancies will follow unless the industry receives tailored support. In an open letter to Boris Johnson and Rishi Sunak on Thursday, the Events Industry Alliance (EIA), an umbrella group for trade bodies, asserted that the industry would face mammoth job losses when the government’s furlough scheme finishes at the end of October. The letter has been signed by 334 companies across the events and exhibitions supply chain, as well as the Labour Party. The EIA calls for a tailored “events industry hibernation support package,” […]
A Western weapons-industry funded think tank claims Russia’s military capability is at its strongest since the Cold War period, and its forces are better equipped and more professional after ten years of investment and reform. The International Institute for Strategic Studies (IISS), says Russia’s modernization and recent combat experience means it now has a highly capable army. It is worth noting that the organisation is funded by the likes of Lockheed Martin, BAE Systems, Raytheon and Boeing: All of whom have a vested business interest in promoting the idea of threats to Western military hegemony. “Today, Russia fields capable conventional armed forces, […]
Fortress On A Hill: Understanding The War Industry By Danny Sjursen, Fortress on a Hill. October 1, 2020 Fortress On A Hill: Understanding The War Industry2020-10-012020-10-01https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/10/foh-e1601566805917.jpg200px200px Podcast: Play in new window | Download (Duration: 1:02:41 — 31.4MB) | Embed Subscribe: Apple Podcasts | Android | Email | Google Podcasts | Stitcher | TuneIn | Spotify | Blubrry | | More Christian Sorenson stops by the podcast to discuss his new book “Understanding the War Industry”, a detailed look at contracting within the U.S. military industrial complex and how its giant war chest gets funneled to an endless list of contractors, without question to its necessity or what could have been purchased in its place. Everyone from libertarians to mainstream liberals to anarchists utters the words […]
Stephannia Swain is a cook who was laid off as a result of the pandemic. COVID-19’s economic aftershocks have hit the hospitality industry especially hard. Kimberly Paynter/WHYY hide caption toggle caption Kimberly Paynter/WHYY Stephannia Swain is a cook who was laid off as a result of the pandemic. COVID-19’s economic aftershocks have hit the hospitality industry especially hard. Kimberly Paynter/WHYY Stephannia Swain, 52, has had the same job for almost her entire adult life, cooking at the Warwick Hotel in Philadelphia. “We only have six cooks and we’re all lifers,” she said. With 30 years of experience, Swain was the most […]
The United States wants to impose restrictions on SMIC, China’s largest chip maker. The US Department of Commerce has banned companies from supplying SMIC with components and equipment without a special license. The department sent a letter about the new policy to the largest US suppliers. Earlier, similar restrictions were imposed on Huawei. A number of American media outlets have got hold of the Department of Commerce’s letter, which stressed that the Chinese Semiconductor Manufacturing International Corporation (SMIC) was being allowed to produce dual-use products. Back in April, the US authorities revised export restricting rules. If earlier the United States restricted […]
After passing $2 billion in locked assets, there’s now more value in Uniswap than there was in the entire DeFi space on July 9. Source link
Workers’ Rights In Globalised Industry By Ben Chacko, Morning Star Online. September 26, 2020 Workers’ Rights In Globalised Industry2020-09-262020-09-25https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/09/bangladesh.jpg200px200px How can we protect them? Over the summer the Morning Star reported on a new study showing that major fashion brands were complicit in union-busting by Third World suppliers in the garment industry. Editor Ben Chacko spoke to IndustriALL general secretary VALTER SANCHES to find out what trade unions can do to tackle abuses stretching across international supply chains. The Covid-19 crisis and the lockdowns imposed as a result hit the garment industry hard, causing order cancellations and job losses in producer countries. […]
On Wednesday, Senate Republicans issued a report about Hunter Biden’s position at Ukraine’s Burisma Holdings while his father Joe Biden, then the US vice-president, was overseeing the Obama administration’s policy for the country. The report eventually alleged that Hunter Biden’s post on the company’s board of directors was “problematic”. Hunter Biden, son of Democratic presidential candidate Joe Biden, has allegedly sent “thousands of dollars” to people who have links to human-trafficking rings, the sex industry or prostitution, according to a footnote to the GOP report cited by the New York Post. The 87-page report focusing on Hunter’s previous business dealings in […]
The Venezuelan agency responsible for regulating cryptos has legalized the mining industry, but in the process mandated it be centralized under government control. Source link
Report: Huawei Sanctions Would Destroy US Chip Industry By Hispan TV, Orinoco Tribune. September 9, 2020 Report: Huawei Sanctions Would Destroy US Chip Industry2020-09-092020-09-09https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/09/huawei-e1599660157697.jpg200px200px Above photo: General view of a Chinese telecommunications giant Huawei manufacturing factory in China. Huawei will build its own manufacturing factories in China to address US sanctions with production lines with zero US components. The Chinese telecommunications giant Huawei plans to build its own manufacturing factories to face the US restrictions imposed against it with production lines with zero US components, according to a report published in the Hong Kong digital medium Asia Times. The online newspaper, quoting […]
The ambitious multi-million pound project will work along with two major government investment strategies aimed at bolstering domestic technologies amid Washington’s contentious trade war. Chinese tech giants such as Huawei Technologies and Semiconductor Manufacturing International Corp (SMIC) are set to launch a “domestic replacement” fund by the end of 2020 to boost mainland firms hit by US sanctions, reports revealed. China Europe Capital, a venture capital firm, plans to raise 5bn yuan (£566.3m) to facilitate start-ups in the semiconductor, artificial intelligence (AI) and 5G industries, chairman Zhang Jun said in a statement. “China and the US are in a Great Power […]
Opening day brings a small bump in business to Cornwall’s, mostly from neighborhood regulars. But the initial rush would fizzle out soon after, leaving the family-owned pub just barely covering its costs. Tovia Smith/NPR hide caption toggle caption Tovia Smith/NPR Few people have been looking forward to colleges reopening – and staying open — this fall, as much as the adults who run Cornwall’s Tavern in Boston’s Kenmore Square. A go-to for students and faculty at Boston University, the family-owned pub has been counting on the back-to-school crowds to help it survive. In an industry hard-hit by the pandemic, it’s a […]
The cruiseliner industry had been enjoying “robust growth” since 2018 but the coronavirus pandemic has knocked it sideways. In March thousands of tourists were stranded on cruise ships in Latin America, the Caribbean and the Far East after COVID-19 was reported on board. The Cruise Lines International Association (CLIA) says the global shutdown caused by the coronavirus pandemic will cost the industry around US$50 billion and lead to the loss of 334,000 jobs. The cruise industry went into a tailspin in March when the virus was discovered on board several ships which were then forbidden from docking in countries on their itinerary. © AP Photo […]
The news comes after the Trump administration extended a ban Chinese firms doing business with US tech companies in May, forcing the world’s largest contract chipmaker to block shipments of processors to the world’s largest IT equipment provider as the measures were due to enter force in September. US restrictions on Huawei Technologies have sparked a massive stockpiling of chips in the global semiconductor industry amid a shortfall in funding from Washington, an analyst told Reuters on Monday. Washington pledged roughly $22.8bn in June to the US chipmaking industry but the funds may not be sufficient as they cover just half […]
Vice-President Bharrat Jagdeo has warned ExxonMobil his government will pass legislation to make the transnational oil giant pay its way in the small South American nation. Guyana’s newly-elected government is looking to former colonial power the UK as a partner to expand its natural resources sector. Natural Resources Minister Vickram Bharrat, an MP for the ruling People’s Progressive Party/Civic (PPP/C), met on Tuesday with the outgoing UK High Commissioner Greg Quinn and his deputy Ray Davidson, who will be acting in the role. “The dialogue centred on capacity building within the oil and gas sector, forestry, and Guyana’s access to UK markets for […]
https://cdn1.img.sputniknews.com/img/107617/63/1076176304_0:107:3260:1941_1200x675_80_0_0_dcbb84a0976c7e95fa44fd2fe95ceb9a.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/latam/202008201080222894-maduro-extends-venezuelan-oil-industry-reform-commissions-operation-by-six-months/ BUENOS AIRES (Sputnik) – The operation of the Venezuelan oil industry reform commission has been extended by six months, President Nicolas Maduro said. According to the president, the stability of the oil market and good oil prices are a guarantee of the global economy’s recovery. “We will continue to be restored… I am moving on to signing a decree to extend the powers of the presidential commission, which has worked for six months, until 19 February, so that it can continue working”, Maduro, whose speech was broadcast on Twitter, said. In February, Maduro signed […]
The Trump administration said it will begin leasing oil exploration blocks in Alaska’s Arctic National Wildlife Refuge (ANWR), inflaming opposition at a time when it may not even be economically attractive to drill in the region. Interior Secretary David Bernhardt said Monday that opening up 1.5 million acres of federally owned land in the refuge will create thousands of jobs and marks “a new chapter in American energy independence.” The first lease sale could take place by the end of this year, four years sooner than is required by 2017 legislation. A tax bill passed that year by Congress, then controlled […]
Chaturbate executive Shirely Lara is a sex industry veteran who sees bitcoin as a crucial part of her business. The bitcoin-friendly porn executive talks with CoinDesk reporter Leigh Cuen about bitcoin, sex and feminism. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS. This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Chaturbate COO Shirley Lara, one of the most experienced platform executives in the adult content industry, has been keen on bitcoin’s potential since 2018. “We accept 20 different cryptocurrencies for token purchases. The most popular ones are bitcoin, ethereum and litecoin,” Lara said. Experts, including […]
Fossil Fuel Industry Pollutes Black And Brown Communities By Gin Armstrong and Derek Seidman, Eyes on the Ties. July 28, 2020 Fossil Fuel Industry Pollutes Black And Brown Communities2020-07-282020-07-28https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/oil-and-gas-industry-logos-from-creative-commons.jpg200px200px Above: Creative Commons Photos: Shell Gas Station (Mike Mozart); Chase (longislandwins); Chevron (Roo Reynolds); Wells Fargo (Mike Mozart); BlackRock (Thomas Hawk). While Propping Up Racist Policing. As movements for racial and environmental justice escalate across the US, these struggles – which, as groups like the National Black Environmental Justice Network point out, must be seen as one – have a common foe: the fossil fuel industry. The same companies that drive environmental racism in Black and Brown […]
Not all central bank digital currencies (CBDCs) are created equal, a Georgetown Law Professor said during a Commodity Futures Trading Commission (CFTC) tech advisory meeting last Thursday. A digital currency backed by the Federal Reserve was one of the main topics discussed during the four hour-long remote meeting, organized by the commission’s technology advisory committee (TAC). Chris Brummer, Georgetown Law Professor and Faculty Director of the Institute of International Economic Law, presented an overview of CBDCs, explaining how one might be designed and issued, on behalf of TAC’s Virtual Currencies Subcommittee. CBDCs have graduated from a niche idea to a topic […]
The crypto space has reacted positively to the new changes made to the BitLicense, Linda Lacewell, superintendent of the New York Department of Financial Services (NYDFS), said Tuesday. Discussing recent updates to the state’s contentious crypto regulatory framework as part of the Global Leaders Webinar Series sponsored by Global Digital Finance (GDF) in partnership with Global Blockchain Business Council, Lacewell said some in the space may “curse” the regulator, but the new changes have been received rather well. “The reaction has been very positive, and beyond positive,” she said. The session was hosted by Jeff Bandman, former fintech adviser to the […]
In 2009, 16-year-old comics fan Aviva Maï met a thirtysomething artist, who flirted with her by text and took her out on a date. For a long time after that—a period when Maï thought they were friends—she received occasional texts from him expressing regret that he’d missed his chance of dating her. The texts made her uncomfortable. Slowly, she began to question the series of events. Slowly, she realized that they hadn’t been friends at all. On June 15, amid nationwide protests around police violence and racism, Maï, now an artist and model, tweeted an oblique reference to that creator. Later […]
Canadian actress Pamela Anderson has long been an outspoken environmentalist and an honorary director of People For the Ethical Treatment of Animals (PETA). Just last year, she sent a letter to Canadian PM Justin Trudeau, making him a peculiar offer on how to save “taxpayers’ money” by serving vegan meals in prisons. Playboy star Pamela Anderson thanked Prime Minister Justin Trudeau for providing a recent boost to Canada’s vegan industry and offered to mentor him in adopting vegan lifestyle, according a letter she’d written which was shared by the Canadian Press. “Sensuality includes being engaged in the world and caring about […]
https://cdn1.img.sputniknews.com/img/107973/85/1079738549_0:204:2001:1329_1200x675_80_0_0_ba02a3bdfab9e1d3f9978d7cc596ffd4.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/asia/202006281079738579-seoul-aims-to-boost-marine-shipping-industry-ties-with-china-japan-amid-pandemic—report/ MOSCOW (Sputnik) – South Korean Ministry of Oceans and Fisheries said on Sunday that Seoul was planning to grow its ties with neighbouring China and Japan in the marine shipping industry to cope with COVID-19 pandemic by using advanced technologies, the state-run Yonhap news agency reported. According to the media outlet, the country is expected to discuss such prospects with Beijing and Tokyo during an online ministerial meeting scheduled for Monday. “South Korea, China, and Japan have been enjoying economic growth through specialization and cooperation, connected by marine logistics”, Oceans Minister Moon Seong-hyeok said, […]
Mike Padgham, chair of the Independent Care Homes Group (ICG), explains why many care and nursing homes in England and Wales were already on shaky ground, financially speaking, even before the outbreak of the coronavirus disease 2019 (COVID-19). Padgham runs four separate care homes as well as provides voluntary support and representation to other providers via the ICG. Sputnik: You have been warning of care and nursing homes “closing in the wake” of the COVID-19 pandemic. Why do you think that’s a real possibility? Michael Padgham: We have been warning for many years that due to chronic Government under-funding, the social care sector […]
For a second month in a row, the bitcoin market lacks a clear directional bias, with prices largely restricted to a narrow range of $9,000 to $10,000. However, the cryptocurrency’s liquidity on derivative exchanges continues to heat up, a sign of a sustained rise in investor interest. On a relatively new exchange like the Antigua-based FTX, the order book depth, as represented by the number of buy and sell orders at each price, now matches the depth seen on industry leader BitMEX. Bid/offer spreadSource: Skew One derivative seeing growth is bitcoin perpetuals, a form of futures contract, but without an expiry […]
Russian IT firms may enjoy significantly lower income tax and insurance payments, according to a plan laid out by Prime Minister Mikhail Mishustin. The tax break envisages a nearly twofold reduction of insurance payments – from 14 percent to 7.6 percent – while income tax could be cut to three percent from the current level of 20 percent, Russian business daily Vedomosti said, citing two government officials. Additionally, the prime minister reportedly offered to cancel value-added tax (VAT) on software and IT development ads on foreign digital platforms and provide special subsidies for developers. Also on rt.com Most Russian companies face […]
Adult performers are entering a new era of awareness—and their empowerment may shape the future of porn. When COVID-19 shut down the adult entertainment industry, performers fell back on many of the things they were already doing, creating and selling content directly to their fans. Realizing professional porn isn’t necessary for a lucrative career, many performers are now making even more money in a safe environment they control. For as many options as porn performers have, the directors of porn (who are not also talent themselves) have far less. Where directors and companies fit in a post-COVID-19 world may very well […]
Top Shelf View From the BanksIn an investor note, JPMorgan Chase & Co. analysts noted bitcoin’s success in outperforming traditional assets in March on a volatility-adjusted basis, and also found liquidity on major bitcoin exchanges was more resilient than for traditional assets such as equities and gold. Meanwhile, Mason Privatbank Liechtenstein AG is the latest private bank to offer digital asset custody through a partnership with Hong Kong-based Hex Trust. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Elsewhere, payment […]
Rumors that India might be considering a new ban on crypto may be premature, exchange founders and startup CEOs working in the sector believe. Indian news site The Economic Times created a stir Friday by suggesting that lawmakers in India, where the Supreme Court only overturned a punitive banking ban from the Reserve Bank of India (RBI) four months ago, were planning on slapping a new ban on crypto companies. The story, titled “With a law, India plans lasting ban on crypto,” cited one unnamed “senior government official” who told The Economic Times that, “A note [presumably on crypto] has been […]
In this audio interview, CoinDesk’s Leigh Cuen and adult content creator Allie Awesome talk about payments and money in the sex industry, especially the trends impacted by the coronavirus crisis. From how porn performers and entrepreneurs deal with Bitcoin Twitter to the ways the pandemic changed our digital sex lives, Cuen and Allie explore what actually drives demand for censorship-resistant systems. The biggest problem? Allie and other performers and sex workers basically have their digital advertising and distribution platforms controlled by third parties that aren’t responsible to the workers. For example, OnlyFans briefly froze Allie’s account earlier this year. Although she regained access, her distribution […]
Demonstrators protesting the death of George Floyd hold up placards near the White House on June 1 in Washington, D.C. Mandel Ngan/AFP via Getty Images hide caption toggle caption Mandel Ngan/AFP via Getty Images Demonstrators protesting the death of George Floyd hold up placards near the White House on June 1 in Washington, D.C. Mandel Ngan/AFP via Getty Images As protests demanding racial justice have multiplied since the death of George Floyd in Minneapolis police custody last week, the spirit of reckoning has also spread across America, including within the music industry. One initiative seeks to redress the historic inequities of […]
Doctors Demand Hospital Industry Stop Funding Dark Money Lobby Group By Jake Johnson, Commondreams. May 29, 2020 Doctors Demand Hospital Industry Stop Funding Dark Money Lobby Group2020-05-292020-05-29https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/05/ny-nurses-protest-for-patiens-over-profits-e1590761599424.jpg200px200px Above photo: New York City nurses and other hospital professionals protest dangerous working conditions and a change in sick leave policies during the Covid-19 pandemic on April 17, 2020. Andrew Lichtenstein/Corbis via Getty Images. Battle Covid-19, Not Blocking Medicare for All. “The AHA should immediately leave the PFAHCF and redirect that money to supporting patients and frontline healthcare workers.” A progressive organization of 23,000 physicians from across the U.S. demanded Thursday that the American Hospital Association […]
Russia’s crypto industry is pushing back against a set of bills that would make it more difficult to operate in the Eurasian country. Russian lawmakers introduced a set of draft bills regulating digital assets earlier this month, which would effectively ban any transactions using crypto within the country’s borders. In response, the crypto community has filed a number of protest letters. If the proposed regulation is passed, the Russian economy could lose up to $10 billion in taxes annually, which the crypto industry would otherwise be able to pay if it could operate legally, says a letter by crypto lobbying group […]
The top media union in North America is launching a historic advocacy campaign in a desperate effort to gin up political support to help stave off the economic crunch on the news industry. The effort being undertaken by the 30,000-plus member NewsGuild-CWA will involve a six-figure digital ad campaign, direct lobbying on Capitol Hill, and a new website where—among other things—laid off and furloughed journalists will chronicle the industry’s plights. The goal is both immediate and long term: to get Congress to OK giving direct grants to workers at news outlets; to expand access to the small business lending program so […]
The Proof of Stake Alliance (POSA), an industry advocacy group, is publishing a series of recommended standards for companies participating in a proof-of-stake consensus protocol in an effort to reduce regulatory clampdowns on different networks. The group met with members of the U.S. Securities and Exchange Commission (SEC) earlier this year to discuss their proposals and discuss staking more broadly, as well as submit a white paper detailing the industry recommendations. The alliance includes Bison Trails, Coinbase, Polychain, Tezos and the Cardano Foundation, among others. “We’re coming out with some industry-driven solutions around staking as a service which we believe will […]
The Russian government has allocated 23.4 billion rubles ($316 million) to support domestic airlines, which are suffering tremendous losses as a result of coronavirus-related restrictions. The subsidies were unveiled on the government website early Thursday following Russian President Vladimir Putin’s call to support the troubled sector. According to the document, air carriers will have to use at least 60 percent of the funds on wages for their employees. The rest can be spent on leasing payments (30 percent at most), payments for aircraft parking, as well as other operating activities. The companies will have to wait 20 work days after applying […]
The UK government has confirmed that the film and television industry can restart as long as it abides by the social distancing guidelines – including the two-meter rule – leading many to wonder how on earth it can be achieved. With an increased number of people stuck indoors, relying on in-home entertainment such as Netflix, Amazon Prime Video, Disney+ and various UK channel players, some feared there may be a lengthy gap in new content releases later in the year, due to the coronavirus pandemic and lockdowns bringing production to a halt. Also on rt.com What’s in the UK government’s Covid-19 […]
Coffin manufacturers in Germany say they’re struggling to make money despite serving a crucial public health role, because the market has been flooded with cheaper imports from Eastern Europe. The country’s casket producers are calling for financial aid to help prop up Germany’s dwindling coffin making industry, while pointing out that safe and hygienic burials are particularly important during the coronavirus pandemic. Just 20 percent of the 950,000 caskets needed annually in Germany are made there, with local producers saying the market has been flooded by cheaper imports from Eastern Europe. The Federal Association for Funeral Services has requested the government […]
Securitize is rolling out a common identification system for its customers that it hopes will streamline the know-your-customer (KYC) process for all participants in the security token ecosystem. The company announced its new identification service, Securitize ID, Thursday, saying any individual who completes their KYC process with the transfer agent can use the same information when trying to onboard with any other company which adopts the service. Securitize ID will be a standard that other companies working on security token issuances can adopt, said Carlos Domingo, Securitize’s CEO and cofounder. “Within the ecosystem of the companies we work with for participating […]