Category: Business

Monero, traded as ticker XMR, seems to be the only cryptocurrency able to escape the solid downtrend lately and the approaching hard fork is not the only cause. While it is a definite motivator, there are at least four additional main reasons. The first is obviously the new trend in sanctions. 1. The sanctionsFirst, the west has essentially sanctioned anyone they could get their hands on with suspected ties to Russian oligarchs, including their uncles and children. This year’s US…

Firms now control a significant portion of the rental market in the United States and Canada, raising rents in the service of turning profits. They also continue to receive tax breaks and subsidies. When the US federal government forecloses on homes due to residents’ inability to pay their mortgage, for instance, the homes are then resold to investment firms at big discounts. The corporate landlords then either resell or rent those homes. “With help from the federal government, institutional investors…

Positive content published on the private Monero / XMR cryptocurrency was once hard to come by, what with all the focus on crime and money laundering. It’s worth noting that Monero is a private currency for regular people who value the fundamental right to privacy. We archived some of the positive sources, as such articles tend to disappear shortly after publishing. Even the Wayback Machine failed to archive one of these. XMR Crypto Prices Spike as Monero Bulls Coordinate Mass…

ExxonMobil (XOM.N) has suspended its liquefied natural gas project in Russia’s Far East, Interfax news agency quoted a Russian governor as saying on Monday, after the firm announced plans to quit the country following Western sanctions. ExxonMobil said last month it would exit its Russian oil and gas operations, which it had valued at more than $4 billion, and halt new investment due to sanctions on Russia over Ukraine. read more The decision would see Exxon pull out of managing…

The Justice Department has filed a complaint against two laboratory CEOs, one hospital CEO and other individuals and entities, alleging False Claims Act violations based on patient referrals in violation of the Anti-Kickback Statute and the Stark Law, as well as claims otherwise improperly billed to federal healthcare programs for laboratory testing. According to the United States’ complaint, laboratory executives and employees at True Health Diagnostics LLC (THD) and Boston Heart Diagnostics Corporation (BHD) allegedly conspired with small Texas hospitals,…

OKX was founded in 2017 and is headquartered in Seychelles (East Africa), per Investopedia and other sources. “The site claims over 20 million users in more than 100 countries.” An issue of concern for the company is “low liquidity for certain currencies.” Investopedia’s verdict is that “due to some inconsistencies, unclear information, and past customer experiences, it’s a good idea to proceed with caution.” Corruption Ledger expanded the scope of the investigation and looked at various reviews posted online on…

Deutsche Bank AG fired a number of top bankers in New York after a tab run up at a strip club was expensed as legitimate business spending, according to people with knowledge of the matter. Ben Darsney, former Americas head of equity capital markets, Ravi Raghunathan, Brandon Sun and Daniel Gaona were fired after seeking reimbursement for a restaurant visit, the people said, asking not to be identified discussing a private matter. Once the bank discovered the issue, it decided…

As the Russian invasion of Ukraine nears its fifth week, it has been shown that cryptocurrencies have helped Ukrainian refugees in more than one way after being forced from their homes. Crypto has made it possible for donations worth tens of millions of dollars to pour into the country while allowing some Ukrainians to take a portion of their life savings with them as they flee across the border. One of them is a 20-year-old man identified by the pseudonym…

U.S. President Joe Biden warned Chinese President Xi Jinping in a video conference on Friday of “implications and consequences” should China support Russia’s invasion of Ukraine. Xi told Biden that his country does not want the war. The brief White House statement described the conversation as “focused” on Ukraine. But much lengthier summaries released by the China side portrayed a more wide-ranging discussion, including “the situation in Ukraine,” and said that the U.S. had requested the call. Biden pointed out…