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OPEC Admits Defeat in Battle of Oil Forecasters

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The group’s secretariat has slashed demand estimates by 27%, moving closer to the view of the IEA.

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How to respond to Trump 2.0

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Donald Trump has started his second term as predicted: with a fusillade of executive orders, memos, vows, musings and overheated rhetoric. The world has had at least a year to brace itself for the return of the America First agenda to the White House. No one can say they are surprised by this approach, or by most of Trump’s initiatives — radical and divisive as some of them are. Even so, his full-throated unleashing of the animal spirits of American capitalism has unnerved some traditional allies. Now the world has to decide how to respond to the whirlwind that seems set to accompany, if not encapsulate, Trump’s second administration.

America, too, has a big question to answer. Much of the focus in the opening days of Trump’s new presidency has been on issues that secured his re-election, in particular reducing immigration and cutting back what his supporters call the “deep state”, otherwise known as the federal government. He is right to attend to the concerns of the voters who sent him back to the Oval Office. But how should Americans respond if, as his opponents fear, he indulges his baser instincts and starts undermining the pillars of its democracy? 

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There is a simple answer to both questions: values in addition to interests. Trump’s withdrawal from the Paris climate accord cannot, for example, become an excuse for the EU to slow its decarbonisation agenda; it should, though, ease the regulatory burdens and simplify its rules.

On the domestic front, too, now is the time to pick the right fights. US courts should be prepared for a battle royal over Trump’s more controversial initiatives, such as his bid to end birthright citizenship, which is enshrined in the 14th amendment of the constitution.

Trump’s opening foray has underlined a widespread sense that an era has ended. It has met a wearied response from America’s allies, who see it as intensifying the threats to the multilateral order. But it is important to note that many elsewhere in the world view Trump more favourably and like the idea of a more inward-looking America. It is possible, too, that some of his initiatives may have desirable outcomes. It will take more than Trump’s threat of tougher sanctions on Russia to bring Vladimir Putin to the table to negotiate a fair peace deal in Ukraine. But the president’s blunt — and unexpected — warning this week was a step in the right direction, as well as a reminder of how he sees unpredictability as an asset.

More broadly, allies have to accept that some of Trump’s prescriptions may prove a much-needed call to action. Just as in his last term he prodded Nato’s members to spend more on defence, this time his backing for less regulation and bureaucracy and lower taxes will force EU leaders to confront with greater urgency the continent’s problem of competitiveness.

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These are early days. The fact that Trump has not started a new trade war with China or Europe does not mean one will not be under way next week. Whatever unfolds, it is a time for cool heads. Anwar Ibrahim, Malaysia’s prime minister, told the Financial Times this week that he and other east Asian leaders thought that, after an initial period of turmoil, the global trading system would survive intact. We have to hope he is right.

Trump is now at the height of his powers, controlling both houses of Congress, with a conservative majority on the Supreme Court and with the following wind of re-election. At home and abroad, it is vital not to be distracted by the more performative elements of his agenda, to accept that sometimes he may be right, but most of all to stand up for what matters. The political capital of second terms can dissipate rapidly — if rashness and hubris prevail.

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TRUMP and MELANIA cryptos spark controversy, Lightchain AI an option

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TRUMP and MELANIA cryptos spark controversy, Lightchain AI an option

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Lightchain AI emerges as an option amid the controversy surrounding TRUMP and MELANIA cryptocurrencies.

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The launch of cryptocurrencies by Donald Trump and Melania Trump has stirred controversy, fueling debates about their impact on the market.

Amid this turbulence, Lightchain AI stands out as a promising option for investors seeking innovation and reliability. The project, now in its presale phase at $0.005625 per token, has already secured $12.3 million, reflecting strong market confidence.

With its advanced blockchain framework and integration of artificial intelligence, Lightchain AI aims to offer a transformative solution in the ever-evolving cryptocurrency landscape.

Controversy surrounding Trump and Melania’s cryptos

President Donald Trump and First Lady Melania Trump launching TRUMP and MELANIA meme coins has sparked significant controversy. Ethics experts are voicing concerns over potential conflicts of interest, as Trump-associated organizations reportedly hold substantial stakes in these cryptocurrencies.

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Critics argue that the situation bears resemblance to a pump-and-dump scheme, where the value of the coins could be artificially inflated for profit.

The timing of the launch, coinciding with Trump’s entrance into the presidency, has intensified scrutiny regarding the propriety of using political popularity for monetary benefit.

Lightchain AI captures attention amid uncertainty

Amid market uncertainty, Lightchain AI emerges as a potentially stable option through its robust foundation, clear tokenomics, and transparent governance. 

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The tokenomics ensures sustainability and fair distribution, with a total supply capped at 10 billion LCAI tokens. Key allocations include 40% for presale, 28.5% for staking rewards, 15% for liquidity pools, and smaller portions for marketing, treasury, and team incentives. This strategic structure balances ecosystem growth and long-term value.

Low latency further enhances its appeal, aiming to make real-time AI applications seamless. Optimized workflows and parallelized processing will enable task completion with minimal delays, even under high computational demands.

Transparency and governance ensure community trust through decentralized decision-making. Token holders will vote on proposals, fostering accountability. Together, these elements make Lightchain AI a promising project.

Conclusion

Amid the chaos stirred by Trump and Melania’s cryptocurrency ventures, Lightchain AI is emerging as a beacon of potential stability. With cutting-edge technology, solid tokenomics, and transparent governance, it’s setting a new standard for sustainable cryptos.

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For more information on Lightchain AI, visit the website, whitepaper, X, or Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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Domino Effects: Insurance after LA fires, immigration enforcement, sober spirits | Wall Street Week

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This week, we look at the future of insurance in Los Angeles after devastating wildfires, President Trump’s economic argument for immigration enforcement, and the growing trend of non-alcoholic beer and spirits. We go to Davos for the annual World Economic Forum’s gathering of business and world leaders as they face a more insular and less collaborative world. (Source: Bloomberg)

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NYT Connections today — my hints and answers for Saturday, January 25 (game #594)

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NYT Connections today — my hints and answers for Tuesday, December 17 (game #555)

Good morning! Let’s play Connections, the NYT’s clever word game that challenges you to group answers in various categories. It can be tough, so read on if you need clues.

What should you do once you’ve finished? Why, play some more word games of course. I’ve also got daily Strands hints and answers and Quordle hints and answers articles if you need help for those too, while Marc’s Wordle today page covers the original viral word game.

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Early Ethereum ICO Investor Apes Into What Is Predicted To Be The Biggest Craze In 2025, Remittix! This Will Make Many Millionaires

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Early Ethereum ICO Investor Apes Into What Is Predicted To Be The Biggest Craze In 2025, Remittix! This Will Make Many Millionaires

An early Ethereum ICO investor is making waves by jumping into Remittix, a new project predicted to be the biggest craze of 2025! With huge potential and exciting features, Remittixis expected to make many millionaires. As interest grows, people are starting to see the power of this presale token. Let’s dive in and see why Remittix is getting so much attention and could change the game!

Ethereum Faces Price Decline Amid Market Struggles

As the market for more general cryptocurrencies suffers, Ethereum (ETH) is losing appeal. Its price just fell below $3,300 to show an investor’s negative attitude. Notwithstanding these difficulties, Ethereum’s future seems bright especially with the possible approval of Ethereum ETFs (Exchange-Traded Funds). Should accepted, these ETFs might pave the path for significant institutional investors, thus influencing Ethereum’s price in the next few years.

Ethereum is finding it difficult to sustain increasing momentum right now. Concerns among traders have resulted from its inability to remain above highs over $3,400. Reduced demand from long-term holders and less money entering Ethereum-based investment products are mostly responsible for this price decline. Now testing important support levels, Ethereum may suffer further losses if it falls short of staying above current levels.

For Ethereum’s long-term future, there is still hope however. The acceptance of Ethereum ETFs might result in major institutional investment, thereby probably raising Ethereum’s value. Analysts believe that, particularly as more investors get engaged, if institutional access improves, Ethereum’s price will be soaring once again..

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Moreover, even if Ethereum is having temporary difficulties, the possible approval of Ethereum ETFs might act as a spark for next expansion. Investors should monitor these events as they could affect Ethereum’s performance in the next months and years.

RTX Set to Surge Higher in the 2025 Bull Run

If you’re looking for a promising cryptocurrency to invest in, RTX might be the one to watch. RTX is growing more and more popular as the world of cryptocurrencies expands as it can address important issues in the $180 trillion cross-border payment sector. This industry which handles international money transfers may be delayed and expensive. Remittix seeks to transform that by means of quicker, less expensive, more safe payments made utilizing blockchain technology.

Users of the Remittix platform may transfer money straight to bank accounts anywhere in the globe. With quick transfers free of hidden costs, it turns over more than forty different cryptocurrencies into fiat money akin to dollars or euros. Remittix is therefore a more reasonably priced choice than conventional banking systems. Using the Remittix Pay API, companies may also take bitcoin payments and convert them into fiat, therefore giving a straightforward approach for managing digital assets.

Remittix’s $RTX coin forms its central focus. Staking, governing and getting platform incentives all depend on this coin. RTX’s restricted overall supply of roughly 1.5 billion increases to its demand and exclusivity. At its current stage of presale phase, the RTX token is now valued at $0.0297, which presents a fantastic investment chance. Experts estimate that the coin may rise 25x during the presale and witness above 1,500% increases after official release.

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For anyone looking to invest in the best coins to buy now or the best coin to invest today, RTX offers a solid option. Expected to explode in value during the 2025 bull run is its creative answer to a significant worldwide problem.

Discover the future of PayFi with Remittix by checking out their presale here:

Website:https://remittix.io/

Socials: https://linktr.ee/remittix

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. 

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TRUMP, DOGE, BONK ETF approvals likely, but Cathie Wood won’t invest: Finance Redefined

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ARK Invest’s Cathie Wood said she won’t buy the Trump token due to its lack of utility, as she remains focused on Bitcoin, Ether and Solana.

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Trump won’t deliver on maximum tariff pledges, says his former commerce secretary—merely making the threat is enough

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EXCLUSIVE: Wilbur Ross, who served as commerce secretary in Trump’s first cabinet, said the president will not have to follow through on tariff threats. Read More

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OpenAI’s Project Stargate sparks reactions from Microsoft, Meta CEOs

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OpenAI’s Project Stargate sparks reactions from Microsoft, Meta CEOs

“All I know is I’m good for my $80 billion.”

Rarely does a one-liner so perfectly capture the state of the moment. Here, you have Microsoft CEO Satya Nadella saying he’s “not in the details” about Stargate, the supposedly multi-hundred-billion AI infrastructure project driven by his marquee investment, OpenAI.

Nadella not being read in on the nebulous details of Stargate says a lot about how much Microsoft and OpenAI have drifted apart. Microsoft is mentioned in the Stargate press release since OpenAI’s models are still exclusive to Azure. But the most striking aspect of Stargate is not that the money isn’t there for it yet; it’s that OpenAI’s biggest backer has decided to not participate in what Sam Altman is calling “the most important project of this era.” As Nadella made clear on CNBC this week, he’s running his own, $80 billion AI infrastructure buildout and, going forward, OpenAI can get additional compute — with his blessing — elsewhere. 

While it received fewer headlines this week, I found Nadella’s response to Elon Musk on X even more illuminating. In his response to Musk saying, “on the other hand, Satya definitely does have the money,” Nadella responded: “😂 And all this money is not about hyping AI, but is about building useful things for the real world!” 

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That post can only be interpreted as a dig at Altman. Nadella could have funded Stargate for OpenAI. He didn’t. What does he know that the rest of us don’t?

The splashy Stargate unveiling at the White House certainly accomplished its goal, which was clearly getting everyone to talk about big numbers. The headlines it generated prompted Mark Zuckerberg to make sure everyone ended the week knowing his data center will be even bigger than Stargate.

In a Friday post on his Facebook page, Zuckerberg said that Meta’s planned 2GW data center in Louisiana “is so large it would cover a significant part of Manhattan,” with a map view of the square footage overlaid on the city to send the point home. 

From his post (my emphasis added): “We’ll bring online ~1GW of compute in ‘25 and we’ll end the year with more than 1.3 million GPUs. We’re planning to invest $60-65B in capex this year while also growing our AI teams significantly, and we have the capital to continue investing in the years ahead.”

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I have no doubt that Altman, Masayoshi Son, and Larry Ellison will be able to raise the billions they need to lessen OpenAI’s dependence on Microsoft for compute. (The US government isn’t giving money to Stargate, which makes the optics of announcing it alongside Trump all the more bizarre.) Ultimately, this all points to the theme that is quickly coming to define 2025: Big Tech sees AI as the most existential technology of the coming era and will keep spending like hell to make sure OpenAI doesn’t completely run away with it.

Steve Huffman,
Illustration by William Joel / The Verge | Photo by Greg Doherty/Variety via Getty Images

AMA with spez

Few companies had as good of a 2024 as Reddit. Since going public last March, the company’s stock has soared 300 percent, giving the social network a valuation of $32 billion.

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It’s an about-face from where Reddit was before going public, when its moderators were raging against its hurried platform changes and there was backlash to the company selling its data to Google and OpenAI.

With those controversies now seemingly in the rear-view mirror, Reddit is focused on growing its user base, staying profitable, and using AI to help people search its site more easily. I caught up with CEO Steve Huffman at CES a few weeks ago to hear his priorities for 2025, how he’s leading Reddit, his thoughts on the AI scaling debate, content moderation, and more…

The following interview has been edited for length and clarity:

Your IPO did very well. What have the last nine months or so been like for you personally?

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We have a saying at Reddit that good numbers make good meetings. So we’ve had some good meetings.

Preparing to go public was intense. It’s telling the story over and over and over, which I enjoy doing, but it’s a lot of work. I think more than most new companies, we are in the public company rhythm already: close the quarter, do the audits, do the board meeting, earnings, and all of that. So it hasn’t been a major change for us from an operating point of view.

It’s a really exciting time for the new investors and employees. You won’t catch us complaining. What I keep telling the company is that everyone should be very proud of the work they’ve done and don’t take these moments for granted. I just tell them, look, enjoy the view. If you look at our history, there are lots of ups and downs. No doubt there are challenges in our future.

With your market cap where it is now, are you thinking of making swings you didn’t think you could make a year ago?

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There are two classes of things that we would do. One is to execute the core strategy. We’ve got to hire. We’ve got to build. I think we’re very reasonable in terms of our investment size. The one sentence strategy for us is to grow the product and stay profitable. 

What can you do with a high stock price? Maybe you can look at M&A that you wouldn’t otherwise. I’d say that’s not really our orientation right now because the acquisitions we’ve done over the last two years have been these 25-to-50-million-dollar deals. It’s kind of a sweet spot for us to get tech and teams. I’d say we’re always watching the market, but we’re not pursuing anything big or crazy right now because I like the core strategy. I think we can do what we want to do within our current capabilities.

What’s the main product focus for Reddit this year? 

The first is the core of Reddit, which is community conversations. Everyone has a home on Reddit, but do you see that home in your first session? There’s a whole other dimension to our work, which is Reddit as an information source. Reddit has all of this incredible information. For the users who have a question that needs an answer, can we give them that answer? We just got into testing Reddit Answers. I’m finding that really helpful for searches about current events. A year from now, it’s a monetization product. It’s one of the few products where it kind of scratches every itch, so it’ll be a big focus. 

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What do you make of this debate about whether the AI industry has run out of data?

I think we’d have a different answer to that question literally every month. We want to have good relationships with other people in this space. We’re open for business.

At the same time, we want to maximize the value we get out of our own data. We have not experienced conflict between the two at this point. I love the [data licensing] relationships we have — the major ones being Google and OpenAI. At this point, we don’t need to make any particular partnership. I’d say they’re all nice to have but nothing is existential for us. 

One of the challenges is that the AI companies don’t know what product they’re building. It’s not a bad thing. They are iterating themselves. ChatGPT itself, the central product in this conversation, was a demo. Then, a year later, it’s the most important piece of enterprise technology on Earth with questionable economics. That makes it very exciting. I don’t think any of these companies would be offended to hear me say that. 

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You were one of the first social media CEOs I saw to be very critical of TikTok. How does a US ban affect Reddit?

If you look at Reddit’s traffic graph over the last 19 years, you will not see the rise and fall of any particular platform. I think every content type should work on Reddit. Video on Reddit is largely camera-out — what I’m looking at — as opposed to camera-in, or who am I? That’s social media. I think the ban is the right thing to do for reasons I’ve mentioned that honestly have nothing to do with competition. 

With Meta’s moderation changes, the broader conversation around social media feels like it’s changing right now. 

For the last 10 years, people have been talking about whether speech is the problem,  which is a crazy thought. You can’t have freedom without speech. I think that detour through questioning and relitigating core values of America, hopefully that era is coming to a close.

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Are people playing politics? Of course, people always are. On the topic of moderation, we always just try to do things the right way, which, not coincidentally, are aligned with American values. It’s a Democratic platform. We believe very much in the power of people and the wisdom of crowds and voting processes. That is Reddit. So I’m glad to see a return to where we have been most of my life, which is an appreciation for free speech. 

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As always, I want to hear from you, especially if your data center is even bigger. Respond here, and I’ll get back to you, or ping me securely on Signal.

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UnitedHealth confirms 190 million Americans affected by Change Healthcare data breach

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UnitedHealth has confirmed the ransomware attack on its Change Healthcare unit last February affected around 190 million people in America — nearly double previous estimates.

The U.S. health insurance giant confirmed the latest number to TechCrunch on Friday after the markets closed.

“Change Healthcare has determined the estimated total number of individuals impacted by the Change Healthcare cyberattack is approximately 190 million,” said Tyler Mason, a spokesperson for UnitedHealth Group in an email to TechCrunch. “The vast majority of those people have already been provided individual or substitute notice. The final number will be confirmed and filed with the Office for Civil Rights at a later date.” 

UnitedHealth’s spokesperson said the company was “not aware of any misuse of individuals’ information as a result of this incident and has not seen electronic medical record databases appear in the data during the analysis.” 

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The February 2024 cyberattack is the largest breach of medical data in U.S. history and caused months of outages across the U.S. healthcare system. Change Healthcare, a health tech giant and UnitedHealth subsidiary, is one of the largest handlers of health, medical data, and patient records; it’s also one of the biggest processors of healthcare claims in the United States.

The data breach resulted in the theft of massive quantities of health and insurance-related information, some of which was published online by the hackers who claimed responsibility for the breach. Change Healthcare subsequently paid at least two ransoms to prevent further publication of the stolen files.

UnitedHealth previously put the number of affected individuals at around 100 million people when the company filed its preliminary analysis with the Office for Civil Rights, the unit under the U.S. Department of Health and Human Services that investigates data breaches.

In its data breach notice, Change Healthcare said that the cybercriminals stole names and addresses, dates of birth, phone numbers, email addresses, and government identity documents, which included Social Security numbers, driver’s license numbers, and passport numbers. The stolen health data also includes diagnoses, medications, test results, imaging, and care and treatment plans, as well as health insurance information. Change said the data also includes financial and banking information found in patient claims.

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The breach was attributed to the ALPHV ransomware gang, a prolific Russian language cybercrime group. According to testimony by UnitedHealth Group’s CEO Andrew Witty to lawmakers last year, the hackers broke into Change’s systems using a stolen account credential, which was not protected with multi-factor authentication.

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Who owns the most XRP? Top XRP holders and ownership distribution explained

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Who owns the most XRP? Top XRP holders and ownership distribution explained

Ripple’s XRP token, one of the most popular cryptocurrencies in the world, has surged close to 600% in the last 3 months. With such a wild increase, it is important to address the following question: Who owns the most Ripple (XRP)?

You see, a token’s distribution has to be diverse, as concentration means that the majority holder of the token can heavily manipulate the price at any major buy or sell position. Understanding who holds the most XRP can be key for investors to make a long-term buying or selling decision about this popular cryptocurrency. 

In this article, we’ll provide an overview of the number of XRP holders, the token holder distribution, and the possible impacts of this ownership in the future.

Overview of XRP holders

Ripple Labs, the creator of the XRP token, is reported to hold the largest share of the token’s supply, amounting to 46 billion XRP. Also, Chris Larsen, the co-founder of Ripple Labs, reportedly holds 5 billion XRP. Major cryptocurrency exchanges also hold a substantial amount of XRP, with Binance holding 1.83 billion tokens.

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As of January 24, 2025, XRP is trading at approximately $3.16 per token. The cryptocurrency has experienced an intraday high of $3.18 and a low of $3.04. The 24-hour trading volume stands at $8.2 billion, contributing to a market capitalization of around $182 billion.

Who owns the most XRP? - 1

XRP 1D chart | Source: crypto.news

How many people own XRP?

Due to the anonymous nature of cryptocurrency transactions on the blockchain network, it is almost impossible to calculate the number of XRP holders. However, it is possible to track the multiple wallet addresses that hold this token. 

According to the latest data collected by Bithomp, there are approximately 6,032,259 active XRP account holders who hold a total of 99,986,575,397 XRP. While these numbers provide an estimate of XRP holders, the actual number may be different, as many users may hold multiple wallets, and some wallets will also belong to many crypto exchanges. 

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Top XRP holders

According to the latest data from Coincarp, 41.04% of the XRP token supply is held by the top 10 wallets. Meanwhile, the top 20 holders own 50.30% of the total supply, and if we talk about the top 50 and top 100, they hold 63.71% and 71.74% of the total supply.

As for centralized crypto exchanges, Upbit is the leader among XRP owners, with 4.37% of the total supply, followed by Binance with 1.31%, Bitbank with 0.58%, and Korbit with 0.12%. 

Distribution of XRP among holders

If we look at the distribution among XRP owners, we can see that wallets in the range of 1 million to 10 million XRP account for 6.42% of the total XRP supply. Following this, wallets between 100,000 to 1 million XRP hold 11.14%, and smaller XRP holders with 1000 to 100000 XRP own 7.53% of the total supply. Meanwhile, holders with 1000 or fewer XRP tokens make up a small percentage of the total XRP token supply, highlighting the dominance of larger accounts in this token.

Ripple Labs and XRP ownership

Founded in 2012, Ripple Labs is the creator of XRP, a company that focuses on real-time payment solutions. Its primary offering is known as RippleNet, a technology used by major institutions for cross-border payments. While Ripple Labs does hold the largest share of XRP tokens, amounting to 46 billion XRP tokens, most of it is locked in escrow with scheduled releases to manage token supply effectively.

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This major ownership does promote the ecosystem’s growth, but it also points to the centralization of the token’s supply, which goes against the core principles of blockchain technology.

The impact of XRP ownership distribution

As mentioned above, a few entities hold a significant portion of the XRP token supply, with the top 20 holders collectively controlling 50.53% of the total supply. While it is common for many cryptocurrencies which are in their early stages to have a concentrated supply among a small number of holders, it is not good in the long run especially when it comes to price stability and market behaviour.

If major holders were to sell off their XRP holdings in a small amount of time it can drastically affect the token’s price, and more importantly, it can dent the project’s reputation forever. It is advisable to do your research before investing in any token and take a look at its tokenomics, total supply, and the convention of token holders as well.

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