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☆ Bitcoin could hit $100,000 by Inauguration Day, says crypto expert—what a Trump Presidency could mean for digital assets
▼ + stars: | 2024-11-14 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

"A Kamala presidency would have meant the same exact things for crypto and digital assets in four years' time as a Trump presidency," Brokate says. Part of crypto's upward price momentum stems from investor optimism in what a Republican-controlled government could mean for digital assets, Brokate says. But forward-looking investors say that the current market for crypto is barely scratching the surface of potential investor demand. That is, crypto advocates say, if the U.S. government provides a clearer regulatory framework for financial institutions to market and sell crypto and other digital assets to customers. Ideally, crypto enthusiasts say, the U.S. would eventually establish regulatory frameworks similar to the one that exists in Europe known as MiCA — Markets in Crypto Assets.

Persons: Kamala, Trump, Brokate, Federico Brokate, bitcoin, Geoff Kendrick, Andy Baehr, hasn't, Baehr Organizations: Republican, Trump, Crypto, CNBC Locations: U.S, Europe

☆ This crypto business just acquired a Swiss asset manager to take their business to the next level
▼ + stars: | 2024-10-28 | by ( ) www.businessinsider.com time to read: +4 min

The acquisition of Crypto Finance Asset Management by Matrixport is taking the crypto financial services hub into new markets. The new acquisition is an entry point to the European crypto asset management marketKeen to maximize what it offers its investors, Matrixport has gone one step further through the 100% equity acquisition of Crypto Finance (Asset Management) AG (CFAM), a licensed Swiss crypto asset manager. Previously part of the Deutsche Börse Group-owned Crypto Finance Group, following the all-cash acquisition, CFAM will be renamed to Matrixport Asset Management (MAM). Through the acquisition, Matrixport gains entry into the European crypto asset management market. With such an array of services available, the acquisition enables clients access to innovative crypto asset management products.

Persons: Matrixport, Keen, CFAM Organizations: Crypto Finance, Management, Asset Management, Deutsche Börse, Matrixport Asset, Swiss Financial Market Supervisory Authority, MAM, US Securities, Exchange, underwriters, APEX Group, Insider Studios Locations: Swiss, Europe, Hong Kong, Matrixport

☆ Coinbase is delisting some stablecoins in Europe this year. Here's what it could mean for the crypto stock
▼ + stars: | 2024-10-07 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Circle-issued USD Coin (USDC) did not hit the market until 2018. "Coinbase and Circle have a revenue sharing agreement — they share 50% of USDC revenue," he said. "If the market cap for USDC goes up revenue for Coinbase will increase as well." The market cap for dollar-backed stablecoins has been hitting all-time-highs in recent weeks after a sharp drop in 2023. Tether makes up more than 70% of the market cap of U.S. dollar-backed stablecoins, according to CryptoQuant.

Persons: Owen Lau, Oppenheimer, Lau, stablecoins Organizations: European Union, CNBC, . Locations: Europe, Crypto

☆ Robinhood launches crypto transfers in Europe as it pushes overseas expansion
▼ + stars: | 2024-10-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Retail investing platform Robinhood on Tuesday announced that it's offering customers in Europe the ability to transfer cryptocurrencies in and out of its app, broadening its product capabilities in the region as it presses ahead with international expansion. In December last year, Robinhood launched its crypto trading service, Robinhood Crypto, in the EU for the first time. Once MiCA is fully in place, Kerbrat said, every EU country will fall under the same unified regime. "In terms of total addressable market, [the EU] is as big as the U.S.," he told CNBC, adding, "it's definitely an interesting market for us." Robinhood is rolling out new features in the EU at a time when U.S. crypto firms are sparring with regulators at home.

Persons: Robinhood, Robinhood Crypto, Johann Kerbrat, Kerbrat Organizations: European Union, CNBC, EU, Securities and Exchange Commission Locations: Europe, ethereum, solana, EU, Crypto, U.S, Robinhood

☆ Magritte’s ‘L’empire des lumières’ could fetch $95M at Christie’s New York auction
▼ + stars: | 2024-09-22 | by ( Carlie Porterfield | ) edition.cnn.com time to read: +2 min

CNN —A rare painting from René Magritte’s famous “L’empire des lumières” series is estimated to sell for more than $95 million at Christie’s New York this fall, a sum that would break the Surrealist artist’s record at auction and represent a major win for the auction house after softened sales across the industry. “L’empire des lumières,” from 1954, is one of the 27 paintings in which Magritte explored light by painting a sunlit sky above a darkened street scene. René Magritte's L'empire des lumières Courtesy of Chrstie’sThe present painting comes from the estate of the late Mica Ertegun, an interior designer who was married to Ahmet Ertegun, a co-founder of Atlantic Records and a prolific art collector. “But of all the works she lived with, Magritte’s ‘L’empire des lumières’ most nearly captures her aesthetic philosophy in its balance and restraint,” Max Carter, Christie’s vice chairman of 20th and 21st century art, said in a statement. Last week, the auction house revealed it is acquiring Gooding & Company, a collector car auctioneer, 17 years after exiting the car market.

Persons: René, Magritte, Mica Ertegun, Ahmet Ertegun, Joan Miró, David Hockney, Ertegun, Andy Warhol, Magritte’s, ” Max Carter, Ertegun Magritte, Christie’s Organizations: The Art, CNN, Christie’s, Belgian, Atlantic Records, Humanities, Oxford University , Jazz, Lincoln Center, Fund, Gooding & Company Locations: York, ”, Sotheby’s, London, New York

☆ Crypto firm Circle gets approval to issue stablecoin in EU under bloc’s strict rules
▼ + stars: | 2024-07-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

In this article USDC.CM= Follow your favorite stocks CREATE FREE ACCOUNTLaunched in 2018 by crypto firm Circle, USDC is now the second-biggest stablecoin globally, with more than $30 billion worth of tokens in circulation. The company said it is also opening up its Circle Mint, which allows businesses to mint and redeem Circle stablecoins, in France. That's because according to MiCA, crypto businesses are able to offer their services in one EU country and "passport" them out into other markets within the bloc. After that point, crypto companies will have until July 2026 to become fully compliant with MiCA. Launched in September 2018 by Circle and crypto exchange Coinbase, USDC is now the second-biggest stablecoin globally, with $32.4 billion worth of tokens in circulation, according to CoinGecko data.

Persons: Circle, it's, Prudentiel, Jeremy Allaire, Allaire, cryptocurrencies, stablecoins, USDT Organizations: Getty, EMI, Union's, U.S ., Investors, European Union, Circle Locations: France, Crypto, U.S, European

☆ It's no wonder why 'Zone of Interest' earned 2 Oscars. It showed us the Holocaust like never before.
▼ + stars: | 2024-03-11 | by ( Mathias Döpfner | ) www.businessinsider.com time to read: +10 min

The images and sounds from A24's "Zone of Interest," which has earned a little over $24 million at the global box office, have haunted me since that weekend. AdvertisementUnlike most Holocaust films, Jonathan Glazer, the director of "The Zone of Interest," tells the story from the perpetrators' — and thus the murderers' — perspective. More precisely, he tells the story of Rudolf Höss, the camp commander of Auschwitz, one of the worst criminals of National Socialism. 'Zone of Interest' perfectly captures a life with no loveA still from "The Zone of Interest." Shortly after the meeting, the Höss family once again goes swimming in the river.

Persons: Axel Springer, Mathias Döpfner, Jonathan Glazer, —, Palme, Martin Amis, Rudolf Höss, Hedwig Höss, Rudolf, it's Rudolf Höss, Christian Friedel, Sandra Hüller, loveless, Hedwig, It's, Kurt Prüfer, Fritz Sander, Höss, Nora Mattaliano, Glazer, Queen, Mica Levi, resound, Höss strolls, Hannah Arendt, Eichmann Organizations: Service, Höss, Wannsee Conference, Holocaust, Museum Locations: WELT, Cannes, Auschwitz, Erfurt, Euphemistic, Berlin, Polish, Washington

☆ France's Rafale fighter jet is so popular its manufacturer can't keep up
▼ + stars: | 2024-03-04 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

France's Dassault Aviation may not be able to meet demand for its Rafale fighter jet. AdvertisementFrance's Rafale fighter has become so popular that the manufacturer may not be able to meet demand, according to a British think tank. Advertisement"The French aircraft maker aimed to produce 15 Rafales last year but only completed 13," IISS said. AdvertisementA French Dassault Rafale M fighter jet launches from the French aircraft carrier Charles De Gaulle during interoperability exercises with the aircraft carrier USS Dwight D. Eisenhower, March 3, 2020. This helps explain why the Rafale has become popular with India and several Middle Eastern nations.

Persons: —, IISS, Lockheed Martin, Richard Aboulafia, Charles De Gaulle, Dwight D, Eisenhower, Michael Peck Organizations: Dassault Aviation, Rafale, Service, International Institute for Strategic Studies, French Air Force, Navy, Defense News, Dassault, UAE, French, Lockheed, Dassault Rafale, US Navy, Kaleb, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: India, British, Ukraine, Egypt, Greece, Qatar, Croatia, UAE, Indonesia, Mica, France, , Michigan, Russia, Forbes

☆ Stablecoin expansion is bringing liquidity to crypto, but JPMorgan warns of challenges ahead
▼ + stars: | 2024-02-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The stablecoin market cap is growing again, which is a good sign for crypto market liquidity, but it hasn't fully recovered and could face regulatory challenges this year, according to JPMorgan. Stablecoins expanded by $60 billion between their May 2022 peak and their October 2023 low of $122 billion. But as investors anticipated the Securities and Exchange Commission's approval of spot bitcoin ETFs in the U.S., the market expanded by $9 billion between October 2023 and January 2024. This is generally a "positive sign" for crypto, according to JPMorgan analyst Nikolaos Panigirtzoglou. Despite bitcoin's stellar 157% gain in 2023 and nearly ideal setup for 2024, the crypto market has been struggling with low liquidity since last year.

Persons: Nikolaos Panigirtzoglou, Panigirtzoglou, Panigirtzaoglou, confidentially, — CNBC's Michael Bloom Organizations: JPMorgan, Securities, Exchange, U.S ., Bank, U.S Locations: U.S, Silicon, SVB, Europe, Crypto, USDC

Here's the state of play globally for crypto regulation and enforcement in 2023 — and a look at what to expect in 2024. "However, much of their work has involved providing guidance to the industry through enforcement actions," continued Levin. Crypto market participants nevertheless hope that the spate of legal challenges brought to crypto companies in 2023 will bring clarity in the form of new regulations. The U.S.'s dominant role in global finance and its focus on consumer protection plays a crucial role in its leading position in crypto regulation enforcement. The region has been increasingly warming to crypto assets, despite a broader anti-crypto push from China, which banned bitcoin trading and mining in 2021.

Persons: Al Drago, Binance, Sam Bankman, Renato Mariotti, Mariotti, Richard Levin, Nelson Mullins Riley, Levin, ada, Changpeng Zhao, Damian Williams, Brian Armstrong, Armstrong, Alyse Killeen, Scarborough's Levin, FinCEN, Killeen, Diem, USDC, Braden Perry, it's, Kennyhertz Perry, Perry, Bafin Organizations: U.S . Securities, Exchange Commission, Bloomberg, Getty, Regulators, Securities and Exchange Commission, U.S, Alameda Research, U.S . Justice Department's Securities, Commodities, CNBC, Capitol, SEC, Futures Trading Commission, Department of Justice, Scarborough, CFTC, Protocol Labs, Southern, of, Stillmark, Meta, Visa, Mastercard, U.S ., European, IRS, European Union, EU, France's Financial Markets Authority, AMF, Treasury, Monetary Authority of, Three Arrows, Terra Labs, Terra, Hong Kong Securities, Futures Commission, SFC, OSL Locations: Washington, Europe, Asia, U.S, Alameda, of New York, European, Crypto, Ireland, Germany, France, Italy, Netherlands, Singapore, Dubai, Hong Kong, Monetary Authority of Singapore, China, East, Africa

☆ Coinbase secures crypto license in France, pushing deeper in Europe amid rift with the SEC
▼ + stars: | 2023-12-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

POLAND - 2023/08/01: In this photo illustration, a Coinbase logo displayed on a smartphone with stock server lights in the background. France's AMF watchdog gave Coinbase a virtual asset service provider (VASP) approval, which is effectively a green light for the company to operate digital currency services in France. The VASP registration will allow Coinbase to offer custody of digital assets, buying or selling digital assets in legal tender, trading of digital assets against other digital assets, and operating a digital asset trading platform, the company said in a statement Thursday. The European Union has been working to introduce its Markets in Crypto Assets (MiCA) regulation, which would create a harmonized framework for crypto companies to operate in a regulated way in the bloc. Under MiCA, rather than having to secure registration in every EU market, crypto companies will eventually be able to use their VASP license in one country and "passport" into other countries to offer their services across the EU.

Persons: Omar Marques, Coinbase Organizations: Getty, France's AMF, European, Crypto Locations: POLAND, France, Europe, European Union

☆ Mica Ertegun, Glamorous Interior Designer and Philanthropist, Dies at 97
▼ + stars: | 2023-12-02 | by ( Robert D. Mcfadden | More About Robert D. Mcfadden | ) www.nytimes.com time to read: +2 min

In 2015, her $9 million gift created an atrium for Jazz at Lincoln Center. In recognition of that gift, she was named grand commander of the Holy Sepulcher by the patriarch of Jerusalem. Her $41 million gift for humanities scholarships at the University of Oxford in 2012 was the largest of its kind in Oxford’s 900 years. Amid Allied air raids, Mica, as her German nurse called her, was sent to the family’s country estate. Others paid their fares to Paris, where Mica got modeling jobs to support them.

Persons: Mr, Ertegun, Christ, Jerusalem, Queen Elizabeth II, “, Ahmet, Mrs, ” Mica Ertegun, Ioana Maria Banu, Natalia Gologan, Gheorghe Banu, King Carol II, King Michael I, Hitler, Mica, Stefan Grecianu, Friends Organizations: Jazz, Lincoln Center, University of Oxford, Communist Locations: Manhattan, Jerusalem, American, British, Bucharest, Romania, Mica, Zurich, Swiss, Paris, Canada, Lake Ontario

☆ As crisis deepens, Cubans scramble to migrate by any means
▼ + stars: | 2023-11-09 | by ( Dave Sherwood | ) www.reuters.com time to read: +5 min

The crowded terminal, a launch point for Cubans making their way by air to Nicaragua then overland to the United States, is one barometer of the frenzy to migrate from the communist-run island nation. For many, like Echavarria and his wife, it has also become a last resort as Cuba's economic crisis deepens with no end in sight. 'I GOT LUCKY'Artist Ernesto Perez, 51, told Reuters he had waited since 2015 for his turn to enter the United states legally under a family reunification program. Cuba blames the long-running U.S. trade embargo and Trump-era sanctions for fueling the economic crisis and the exodus of more than 400,000 Cubans leaving for the United States in the last two years. For many Cubans, however, Nicaragua remains the only viable option for getting off the island, said Yoany Bilbao, a 28-year old auto mechanic.

Persons: Alexandre Meneghini, Echavarria, Olga, Joe Biden, Alain Ferguson, Ferguson, Ernesto Perez, Perez, Brian Nichols, Yoany, Dave Sherwood, Ted Hesson, Ismael Lopez, Alien Fernandez, Mario Fuentes, Nelson Acosta, Mica Rosenberg, Rosalba O'Brien Organizations: REUTERS, Rights, Reuters, U.S, Central America, West, CBP, United, Trump, Senior U.S . Department of State, Thomson Locations: Panama, Havana, Cuba, Rights HAVANA, Havana's, Nicaragua, United States, Central, U.S, Florida, Mexico, Washington, San Jose

☆ UK confirms plans to regulate crypto industry with formal legislation
▼ + stars: | 2023-10-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The U.K. government on Monday confirmed plans to regulate the cryptocurrency industry, announcing in a consultation paper that it will look to bring in formal legislation for crypto activities by 2024. The government published its response to a consultation paper issued earlier this year, which outlined recommendations on regulating the crypto industry. The government aims to introduce laws for the crypto industry before Parliament by 2024, according to the paper. It is not immediately clear at this stage what U.K. laws on crypto will look like. Numerous bills are going through Congress, but the U.S. is far behind others when it comes to bringing about formal federal laws for the crypto industry.

Persons: Andrew Griffith Organizations: Government Locations: EU, Crypto, U.S

It would also require the Labor Department to compile a list of companies ineligible for federal contracts based on "serious, repeated, or pervasive violations of child labor laws." The Labor Department said earlier this month that in the 2023 fiscal year, which ended on Sept. 30, 2023, investigations had found close to 5,800 kids illegally employed in the U.S., an 88% increase from 2019. Another bipartisan Senate bill introduced on Thursday by Republican Marco Rubio from Florida, with Democrats Alex Padilla from California and John Hickenlooper from Colorado, and Republican Roger Marshall from Kansas, would require the Labor Department to report more details to lawmakers about the perpetrators and victims involved in child labor cases. A February 2022 Reuters story exposed child labor at Alabama chicken plants, revealing how unaccompanied Central American migrants in debt to human smugglers were working grueling factory shifts. Later, in November, the Labor Department filed a complaint against cleaning company Packers Sanitation Services Inc. (PSSI) for employing dozens of kids cleaning meatpacking plants around the country, some of whom suffered chemical burns and other injuries.

Persons: Cory Booker, Kevin Lamarque, Josh Hawley, Republican Marco Rubio, Alex Padilla, John Hickenlooper, Republican Roger Marshall, Rubio, Dick Durbin, Mica Rosenberg, Joshua Schneyer, Kristina Cooke, Aurora Ellis, Jonathan Oatis Organizations: Capitol, REUTERS, Democratic, Labor Department, U.S . Department of Agriculture, The Labor Department, Republican, Central, Packers Sanitation Services Inc, Hyundai, Kia, Reuters, Democratic Senators, Senate, Thomson Locations: Washington , U.S, United States, U.S, New Jersey, Missouri, Florida, California, Colorado, Kansas, Alabama, Korean, Mexico, Illinois, New York

☆ Coinbase picks Ireland as its main EU regulatory hub as U.S. authorities go on the offensive
▼ + stars: | 2023-10-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

If and when it is approved, Coinbase will have a universal "MiCA license" in Ireland, which it can then use to "passport" its services into Germany, France, Italy, the Netherlands and other EU countries. The rules will allow crypto companies to use one license in one country to operate across all 27 EU member states. Currently, Coinbase has an electronic money institution license and virtual asset service provider registration in Ireland; a crypto license in Germany; and national registrations in other EU member states including Italy, the Netherlands and Spain. Paul Grewal, Coinbase's chief legal officer, said that progress has been "slower" than he'd like when it comes to achieving crypto regulation in the U.S. "We're now seeing in court cases real questions being asked about the U.S. approach to crypto regulation and in particular securities regulation," he said.

Persons: Coinbase, Nana Murugesan, we've, Murugesan, Paul Grewal, isn't, Grewal, CNBC's Arjun Kharpal — Organizations: Getty, European Union, CNBC, Central Bank of Ireland, EU, U.S . Securities, Exchange Commission, SEC Locations: Crypto, Dublin, Ireland, Germany, France, Italy, Netherlands, Spain, U.S, San Francisco, United States, Central, Northern, Western Europe, North America, Europe, headcount

☆ EU securities watchdog warns investors over crypto market protections
▼ + stars: | 2023-10-17 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

Regulating crypto has become more urgent for regulators after the collapse of crypto exchange FTX and with huge volatility in bitcoin prices. "Even with the implementation of MiCA, retail investors must be aware that there will be no such thing as a ‘safe’ cryptoasset," the EU watchdog said in a statement. Full protections may not be available in EU states that grant an 18-month transitional period for crypto firms to operate without an EU licence, meaning customers may not be covered until July 2026. A significant number of crypto firms would probably continue to offer their services under the transitional terms until mid-2026, ESMA said. Crypto firms from non-EU countries will be allowed to provide services to customers in the bloc that have specifically requested them, and even then only on a "strictly limited" basis.

Persons: Bitcoin, Dado, ESMA, Crypto, Huw Jones, Emelia Sithole Organizations: REUTERS, Union, EU, European Securities and Markets Authority, Thomson

On Saturday, the sheer magnitude of the ancient Hopewell culture's reach was lifted up as enticement to a new set of visitors from around the world. Four other sites within the historical park — Hopewell Mound Group, Seip Earthworks, Highbank Park Earthworks and Hopeton Earthworks — join Fort Ancient Earthworks & Nature Preserve in Oregonia and Great Circle Earthworks in Heath to comprise the network. “Now is the time, and to have our traditional, our ancestral sites acknowledged on a world scale is phenomenal,” she said. “We need it culturally, we need it economically, we need it socially," she said. You can't take this away, and so, therefore, it draws us all together in a very unique way,” she said.

Persons: Glenna Wallace, ” Wallace, Bruce Lombardo, Julius Caesar, Mike DeWine, ” Nita Battise, ”, “, ” Kathy Hoagland, ” Hoagland, Chuck Sams Organizations: UNESCO, Heritage, Republican Ohio Gov, Park Service Locations: CHILLICOTHE , Ohio, North, Ohio, Shawnee, Oklahoma, Hopewell, North America, Chillicothe, ”, Columbus, Machu Picchu, China, Mound City, Scioto, ., Fort, Oregonia, Heath, Ross County, United States, Alabama, Texas, Frankfort , Ohio, American, America

He said in the short-term resources could be diverted if the conflict expands, such as staff at tech companies being called up as military reservists. "They will probably increase the investment in AI," Krosby said. "It could bolster support for more financial resources for tech for the military, which then ultimately transitions to the private sector tech companies," Krosby added. The tech sector has shown resilience in the past, overcoming a number of conflicts with Hamas in Gaza. Apjit Walia the Managing Director at DVN Capital said the Israeli tech sector "has historically bounced back from geopolitical tragedies."

Persons: Amir Cohen, Israel, Jack Ablin, Quincy Krosby, Jensen Huang, Benjamin Netanyahu, LPL's Krosby, Krosby, DVN Capital, Max A, Cherney, Mica Rosenberg, Steven Scheer, Kenneth Li, Megan Davies, Jamie Freed Organizations: Intel, REUTERS, FRANCISCO, Tech, Hamas, Cresset Wealth, Financial, Intel Corp, Sunday, Nvidia, Tel, Semiconductor, Meta, Apple, Microsoft, IBM, Google, Facebook, DVN, Thomson Locations: Petah Tikva, Tel Aviv, Israel, JERUSALEM, Gaza, Charlotte , North Carolina, United States, Silicon Valley, Kiryat Gat, Apjit, Francisco, New York, Jerusalem

WASHINGTON, Oct 5 (Reuters) - President Joe Biden's administration said on Thursday it will add sections to a border wall to stave off record migrant crossings from Mexico, carrying forward a signature policy of former President Donald Trump. Trump made building border barriers a central tenet of his first campaign for president with the rally chant, "Build That Wall." Homeland Security Secretary Alejandro Mayorkas said in a statement that there was "no new Administration policy with respect to border walls. From day one, this Administration has made clear that a border wall is not the answer." In another major enforcement action announced on Thursday, Biden administration officials said they would be resuming deportation flights to Venezuela, which had been suspended because of chilly relations between the two countries.

Persons: Joe Biden's, Donald Trump, Biden, Trump, Alejandro Mayorkas, Mayorkas, Will Joe Biden, Andres Manuel Lopez Obrador, Brian Snyder, Laiken, Eric Adams, Mica Rosenberg, Nandita Bose, Doina Chiacu, Jason Lange, Jeff Mason, Raúl Cortés, Dave Graham, Kristina Cooke, Heather Timmons, Howard Goller, Grant McCool Organizations: Trump, Republican Party, Democrat, Homeland, U.S, Reuters, Federal, Biden's Department of Homeland Security, Border Patrol, Texas National Guard, REUTERS, Center for Biological Diversity, Biden, U.S . Department of Justice, Democratic, New, New York City, Institute, Thomson Locations: Mexico, America, Starr County , Texas, Rio Grande, United States, Rio, Eagle Pass , Texas, U.S, Starr, Texas, Southwest, Venezuela, Colombia, Panama, Darien, New York, Chicago, Ecuador, Washington, Mexico City, San Francisco

[1/2] New York City Mayor Eric Adams delivers a speech during a meeting with migrants, community leaders, and mayors from the Mixteca region, in Puebla, Mexico October 5, 2023. That New York City's mayor has traveled thousands of miles to make his case highlights how the latest wave of migrants is reshaping the immigration debate among some Democratic leaders. Texas Governor Greg Abbott has been busing thousands of migrants north to New York, Chicago and other Democratic-controlled cities. They have said his remarks last month that the migrant crisis will "destroy New York City" are inflammatory. To counter this, the city should be making its own videos in the languages of the migrants traveling north, Goldfein said.

Persons: Eric Adams, Imelda Medina, Joe Biden, Adams, Greg Abbott, J.B, Pritzker, Biden, Brandon Johnson, Donald Trump, ADAMS, Joshua Goldfein, Goldfein, Jonathan Allen, Mica Rosenberg, Paul Thomasch, Howard Goller Organizations: New, New York City, REUTERS, New York, Democratic, York City's, Republican, Venezuela . Illinois, Democrat, Reuters, New York Immigration Coalition, Legal Aid Society, Thomson Locations: New York, Puebla, Mexico, New, Darien, U.S, Ecuador, Colombia, York, Texas, Chicago, Venezuela ., New York City, Panama

REUTERS/Brian Snyder/File Photo Acquire Licensing RightsWASHINGTON, Oct 5 (Reuters) - President Joe Biden's administration said on Thursday it will build additional sections of border wall to stave off record migrant crossings from Mexico, a policy reversal that embraces a signature measure of former President Donald Trump. Trump is the frontrunner for the Republican Party nomination to challenge Biden, a Democrat, in the 2024 presidential race. Trump made building border barriers a central tenet of his first campaign for president with the rally chant, "Build That Wall." Money that was allocated during the Trump administration is being spent now on a border wall because the administration has no other choice, a U.S. official said. "There is presently an acute and immediate need to construct physical barriers and roads in the vicinity of the border of the United States in order to prevent unlawful entries into the United States in the project areas," Mayorkas said.

Persons: Brian Snyder, Joe Biden's, Donald Trump, Biden, Trump, Will Joe Biden, we’d, Alejandro Mayorkas, Mayorkas, Eric Adams, Doina Chiacu, Mica Rosenberg, Andrea Ricci, Heather Timmons, Howard Goller Organizations: Texas National Guard, REUTERS, Rights, Trump, Republican Party, Democrat, Federal, Biden's Department of Homeland Security, U.S, Border Patrol, Homeland, New York City, Thomson Locations: Rio, Eagle Pass , Texas, U.S, Mexico, America, Starr County , Texas, Rio Grande, Venezuela, Venezuelan, United States, New York, Colombia, Ecuador

REUTERS/Jose Luis Gonzalez/File Photo Acquire Licensing RightsOct 5 (Reuters) - The United States is restarting deportations of Venezuelans who cross the U.S.-Mexico border unlawfully, Homeland Security Secretary Alejandro Mayorkas said on Thursday, part of attempts to curb a record number of migrant crossings. The record number of arrivals has strained resources in cities across the United States, with Democratic officials in New York and Chicago sounding the alarm. Frosty diplomatic relations between the U.S. and Venezuela had made it difficult for the U.S. to deport Venezuelans to their home country. Migration is the direct result of sanctions, the Venezuelan government added, repeating its frequent accusation that U.S. measures are a violation of international law. Washington has insisted Maduro must take steps toward free elections before it considers any further significant sanctions relief, though the U.S. has faced calls from some Latin American governments to take such action without further delay.

Persons: Jose Luis Gonzalez, Alejandro Mayorkas, Joe Biden, Mayorkas, Biden, Donald Trump, Yvan Gil, Washington, Nicolas Maduro, Maduro, Mica Rosenberg, Kristina Cooke, Julia Symmes Cobb, Vivian Sequera, Matt Spetalnick, Simon Lewis, David Ljunggren, Grant McCool, Chris Reese Organizations: REUTERS, Homeland, U.S, Republican, Democratic, Foreign, United, United Nations, Trump, Socialist, Thomson Locations: U.S, Mexico, Ciudad Juarez, United States, Venezuela . Washington, Venezuela, Mexico City, Darien, New York, Chicago, Venezuelan, Latin America, Caribbean, Colombia, Nicolas Maduro . Washington

The U.S. State Department considers Tamaulipas, where the two cities are located, to be the most dangerous state along the U.S.-Mexico border. Tens of thousands of people a day are competing for 1,450 slots, according to U.S. Customs and Border Protection (CBP). U.S. authorities temporarily suspended CBP One appointments in June in another Tamaulipas border city, Nuevo Laredo, due to "extortion and kidnapping concerns," the official said. Juan Rodriguez, head of the Tamaulipas migrant services agency, said the agency was "attentive" to the issue. Additional reporting by Jackie Botts in Mexico City, Daniel Becerril in Reynosa and Matamoros, and Kristina Cooke in San Francisco.

Persons: Wong, Luis Miranda, Joe Biden's, Biden, Bertha Bermúdez Tapia, Miranda, Olivia Lemus, Lemus, Juan Rodriguez, Laura Gottesdiener, Ted Hesson, Mica Rosenberg, Beth Solomon, Jackie Botts, Daniel Becerril, Kristina Cooke, Mary Milliken, Suzanne Goldenberg Organizations: REUTERS, Reuters, U.S . Department of Homeland Security, U.S . State Department, New Mexico State University, Gulf Cartel, Northeast, U.S . Customs, Border Protection, CBP, DHS, Biden, The U.S . State Department, Carolina, Thomson Locations: U.S, Mexico, New Jersey, REYNOSA, Mexican, Reynosa, Venezuela, Carolina, Matamoros, Tamaulipas, United States, Washington, Nuevo Laredo, Central, Northern Mexico, Chicago, The, Honduran, Venezuelan, New York City, Mexico City, San Francisco

[1/5] Migrants wait behind razor wire after crossing the Rio Grande into the United States in Eagle Pass, Texas, U.S., September 28, 2023. Reuters witnessed migrants crossing, sometimes dozens at a time and at times with small children, navigating strong currents to then make their way through the sharp wire put up by the Texas national guard. Once on U.S. soil they waited in the hot sun to turn themselves in to U.S. border officials for processing. Earlier this month nine migrants died as they were trying to cross the river into Eagle Pass. The Department of Homeland Security and Texas state officials did not respond to requests for comments on the crossings in Eagle Pass.

Persons: Brian Snyder, Joe Biden, Biden, Donald Trump, Greg Abbott, Abbott, Jason Owens, Owens, Johendry Chourio, Daniel Becerril, Laura Gottesdiener, Mica Rosenberg, Rosalba O'Brien Organizations: REUTERS, PASS, Texas, Texas Republican, Democrat, Border Patrol, U.S, Department of Homeland Security, Thomson Locations: Rio Grande, United States, Eagle Pass , Texas, U.S, Texas, PIEDRAS NEGRAS, Mexico, Venezuela, America, Eagle, Mexican, Piedras Negras, Eagle Pass, Monterrey, New York

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