Columbus, OH

CoinDesk

Bitcoin financial services firm Swan Bitcoin pulled its plan to take the company public, discontinued its managed mining unit and cut staff across several units. Swan CEO Cory Klippsten said in a social media post that the company will still offer bitcoin {{BTC}} financial services and free bitcoin education. "Without the expectation of significant near-term revenue from our Managed Mining unit, we are pulling our plans to IPO in the near future," Klippsten wrote in the X post. "Accordingly, Swan is pulling back from our accelerated spending plan for our core financial services business. Unfortunately, this includes staff cuts across many functions," he added. ANNOUNCEMENT - @Swan is unlikely to continue with our Managed Mining business in the near term. Without the expectation of significant near-term revenue from our Managed Mining unit, we are pulling our plans to IPO in the near future.Accordingly, Swan is pulling back from our…

Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit

New Jersey State

"This transaction marks a final chapter in the wind-down and is the best possible outcome for customers of BlockFi," said Mohsin Y. Meghji, Plan Administrator of BlockFi Inc.

BlockFi Administrator Submits Plan in Court to Make Customers Whole

Initial demand for the spot ether ETFs could be less than anticipated in part because the funds cannot stake their ETH, Wintermute and Kaiko predict. Wintermute sees roughly 62% less inflows over the next year than bitcoin ETFs have received in six months. A couple of prominent crypto firms see...

Ethereum ETFs Could See Underwhelming Demand, Partly Due to Lack of Staking, Two Research Firms Predict

Reuters

HONG KONG (Reuters) - Asia's first inverse bitcoin exchange-traded fund that allows investors to bet on a fall in the cryptocurrency, is set to debut in Hong Kong on Tuesday. Hong Kong's CSOP Asset Management said it will launch the CSOP Bitcoin Futures Daily (-1x) Inverse Product on the city's stock exchange on Tuesday morning.

Hong Kong to launch Asia's first inverse bitcoin ETF

Wiz has walked away from a deal with Google that would have valued the company at $23 billion. CEO Assaf Rappaport told employees the company would pursue an IPO as originally planned. "Saying no to such humbling offers is tough," Wiz co-founder Assaf Rappaport wrote in a memo obtained by...

Wiz walks away from $23 billion deal with Google, will pursue IPO

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

On Friday, Binance’s U.S. affiliate received approval from a federal judge to invest certain customer assets in U.S. Treasury bills. This ruling lifts restrictions previously imposed by the U.S. Securities and Exchange Commission (SEC), according to Binance.US. The court order mandates Binance.US to transfer cryptocurrency to a third-party custodian...

Binance.US Receives Approval to Invest Customer Assets in U.S. Treasury Bills

North Carolina State

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Charlotte, NC

Town Talks

When it comes to grocery shopping, consumers often debate the prices at different stores. In North Carolina, two chains are particularly known for their higher prices:. Locations: 16 across North Carolina, predominantly in larger cities like Charlotte and Raleigh.

North Carolina Is Home To Two Of The Most Expensive Grocery Stores in America

Illinois State

Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

Leading exchange Gemini has issued a bullish XRP statement after the token's massive price spike. Cryptocurrency trading platform Gemini recently highlighted XRP's stunning price growth. "Rise and vibe XRP fam," the exchange giant said in a post on the X social media platform. The exchange has noted that the price...

Bullish XRP Statement Issued by Exchange Giant Gemini

Can You Park in Front of Someone’s Property in North Carolina?. Parking on crowded city streets and neighborhoods can be challenging, and many wonder if it's permissible to park in front of someone’s property. Here's a breakdown of North Carolina's parking rules:

Can I legally park in front of someone’s home? What North Carolina law says

Denver, CO

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

David Heitz

A dangerous drug that is being mixed into fentanyl is causing those who inject it to develop a rash of sores that resembles a case of flesh-eating bacteria. People experiencing homelessness around Denver can sometimes be seen with these bloody, weeping wounds. I recently mentioned this phenomenon to a fentanyl user who told me about the xylazine connection.

Denver homeless people suffer sores as xylazine enters fentanyl supply

Coral Gables, FL

Edmond Thorne

Tragic End for South Florida Hispanic Building Tycoon Sergio Pino. Fort Lauderdale, FL - In a shocking turn of events, prominent South Florida homebuilder Sergio Pino was found dead in his Coral Gables home on Tuesday morning. The Miami-Dade County Medical Examiner's Office confirmed that Pino died from an apparent suicide.

South Florida Tycoon Dead After FBI Raids on Homes and Office

Brooklyn, NY

Morristown Minute

CLIFTON, N.J. - Juan De La Cruz Infante Torres, a 52-year-old from Brooklyn, New York, has been sentenced to 57 months in prison after pleading guilty to charges related to a drug trafficking conspiracy. The sentence, delivered by U.S. District Judge Michael A. Shipp in Trenton federal court, comes after Torres admitted to conspiracy to distribute and possess with intent to distribute fentanyl, as well as possession with intent to distribute the drug.

Brooklyn Man Sentenced for Fentanyl Trafficking in New Jersey

European investor Pollen Street Capital invests 35 million EUR in alternative lender Finbee Verslui and this investment will enable more than 1,500 businesses to be financed faster and on more favorable terms than before. Lending faster and on better terms. “Our mission is to empower the country’s small and medium-sized...

Finbee Verslui Raises 35 Million EUR Investment to Focus on Business Financing in Lithuania

SEC has rescheduled its closed meeting for July 25, causing XRP's price to rise amid speculation of potential settlement in Ripple case. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Ripple v. SEC: XRP Price up as New Closed Meeting Date Set

Global Finance has announced its selection of global winners for the 26th annual World’s Best Banks , the 2024 World’s Best Bank is JP Morgan. “JP Morgan topped its global competition across numerous business lines through its deep expertise, leading client service, and broad product offerings. The bank’s growing investment in talent and technology ensures its continued growth and profitability.” said Joseph Giarraputo, founder and editorial director of Global Finance.

JP Morgan – World’s Best Bank 2024

Entrepreneur

Venture capitalist Mark Stevens is Nvidia's second-largest shareholder.

He Bought Nvidia Stock in 1993. Now It's the Backbone of His $8.8 Billion Net Worth.

Nebraska State

Omaha, NE

NewsByJoshua

In a recent development, Wellpath has announced layoffs affecting 64 employees in Omaha, Nebraska, following a change in contract that necessitated the closure of its healthcare operations at a specific location.

Surprise layoffs hit Nebraska as an unexpected company downsizes

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

NewsBreak

Crypto-Friendly Bank Revolut Plans to Sell $500M of Employee Shares at $45B Valuation: WSJ

Early employees of startups are often given shares as part of their compensation, which they can sell when the company goes public. Revolut may be aiming...

Crypto-Friendly Bank Revolut Plans to Sell $500M of Employee Shares at $45B Valuation: WSJ

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