Bert Foster

Here’s a summary of BlockFi’s rise and fall: – BlockFi, a crypto lender, was founded in 2017 by Zac Prince and Flori Marquez with the goal of providing credit services to the cryptocurrency market. – The company secured initial funding from ConsenSys Ventures in 2018, followed by larger investments from Galaxy Digital and Valar…

In the build-up to South Africa’s upcoming national elections, which are considered significant since the end of apartheid 30 years ago, the opposition Democratic Alliance (DA) has released a campaign video that has sparked controversy. The video shows the country’s flag being set alight, with a voiceover saying “This election is about survival.” The…

The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated a preliminary evaluation into 6,813 electric vehicles made by Fisker in 2023 due to complaints regarding the automatic emergency braking system. Eight consumers have reported unexpected activation of the braking feature without any visible impediments in front of their vehicles, causing sudden deceleration. Three…

According to recent reports, trading volume on major cryptocurrency exchanges decreased significantly in April for the first time in seven months. Spot trading volume on platforms like Coinbase Global, Binance, and Kraken fell by 32.6% to reach $2 trillion last month, as revealed by data from CCData. Similarly, derivatives trading volume also witnessed a…

The article highlights the emergence of Southeast Asia as a key center of gravity for the tech industry, previously considered a tech hinterland. Traditionally welcoming to Western investment, the region’s moment has arrived as China grows increasingly hostile to US firms and India becomes more challenging to navigate politically. The region’s growing workforce is…

The author, Justin Wales, argues that lawyers specializing in cryptocurrency and digital assets should have a deep understanding of the underlying technologies they represent before courts and regulators. While some prominent lawyers in the industry may dismiss the importance of technical knowledge, the author highlights the significant harm caused by lawyers who treat cryptocurrency…

Based on the latest information and analysis provided, the article suggests that while Palantir Technologies (NYSE: PLTR) continues to show strong revenue growth and profitability metrics, its elevated valuation multiples present a concern. Although the company’s Q1 results reflected an acceleration in revenue growth in both its Government and Commercial segments, the stock’s valuation…

The U.S. Commodity Futures Trading Commission (CFTC) has proposed a ban on event contracts that allow betting on political outcomes, citing concerns about their compatibility with public interest and drawing parallels to contracts related to war, terrorism, and assassinations. The proposed rule, approved by the three Democratic appointees on the commission, would forbid the…

While Japan’s traditional festivals like the naked festival, or hadaka matsuri, continue to demonstrate the country’s respect for tradition and cultural heritage, gender inequality persists. Women are still excluded from participating in these events, despite efforts to address Japan’s declining population. In February, the country’s oldest hadaka matsuri allowed women to participate for the…

Honda Motor Co., Japan’s second-largest automaker, anticipates another year of record profit due to robust demand for hybrid vehicles in the US and two-wheelers in Asia. For the current fiscal year ending in March 2025, Honda predicts an operating profit of ¥1.42 trillion ($9.1 billion), close to analysts’ projections of ¥1.43 trillion and surpassing…