Why Margin Calls and Bot Liquidations Are Roiling Crypto

The pain now buffeting DeFi apps was triggered after centralized crypto lenders Celsius Network and Babel froze deposits and the rumored collapse of fund Three Arrows Capital sent crypto prices down by double digits over the course of a week. Celsius had worked with many DeFi apps to earn the high returns it offered. Much … Read more

Ship Crash in Indonesia Adds to Global Paper-Product Disruptions

A ship crashed into a bridge near Palembang in Indonesia’s South Sumatra linking a private terminal owned by Asia Pulp & Paper (APP) with its plant, known as OKI, Letchumi Achanah, APP’s head of strategic engagement and advocacy, confirmed after a Bloomberg request. The company is unable to provide details because the matter is still … Read more

Biden to Speak on Supreme Court’s Voiding of Roe v. Wade

The high court’s decision, released shortly after 10 am in Washington, wipes out the constitutional right to abortion, likely rendering the procedure illegal or at best severely restricted in half the country. Many Democratic congressional leaders and other senior figures in the party, including former President Barack Obama, have also decried the court’s action. .

Crypto Hackers Steal $ 100 Million With Horizon Bridge Attack

Computer code displayed on screens arranged in Danbury, UK, on ​​Monday, Jan. 4, 2021. In the spring, hackers managed to insert malicious code into a software product from an IT provider called SolarWinds Corp., whose client list includes 300,000 institutions. Photographer: Chris Ratcliffe / Bloomberg .