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SAN FRANCISCO (AP) — A former interim mayor of San Francisco announced Tuesday he's running for his previous job, joining a competitive field of candidates who say the city has crumbled under the watch of Mayor London Breed, who is up for reelection this year. The lawyer and former city supervisor said he had not planned to return to politics but feels he has the right skills to turn San Francisco around. While she's not on the March 5 ballot, Breed is pushing a pair of public safety proposals that are. Critics say the ballot measures are not in line with San Francisco voters who value privacy over surveillance and encouraging rather than mandating participating in drug treatment programs. Meanwhile, political action committees supporting Breed have raised $1.3 million, including $200,000 from Michael Bloomberg, former New York City mayor.

Persons: —, London Breed, Mark Farrell, Breed, Ed Lee, San, ” Eric Jaye, “, ” Jaye, San Jose . San, Farrell, Ahsha Safaí, Daniel Lurie, Levi Strauss, she's, Lurie, E, Miriam Haas, Haas, Michael Bloomberg, Safaí Organizations: FRANCISCO, San Francisco, London, Associated Press, Democratic, New York City Locations: San Francisco, Francisco's, San Jose ., San Jose . San Francisco, New York

☆ What bitcoin investors can learn from the halving of Litecoin this week
▼ + stars: | 2023-08-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Traders have been looking to next spring's Bitcoin halving as a beacon of hope while regulatory uncertainty weighs on the industry and trading volumes remain suppressed. "The Litecoin halving has a bit of a price cyclicality associated with it as well, and those patterns seem to be repeating," he told CNBC. The token typically finds its trough and then its peak ahead of the halving, whereas bitcoin tends to peak well after its halving. Litecoin's trough to peak returns fell from 550% in its first halving cycle in 2015 to 504.8% in its second halving cycle three years later. "The Litecoin halving hasn't had as much of a pre-event momentum build like, say, a Bitcoin halving or Ethereum upgrade," said Michael Safai, managing partner at the crypto trading firm Dexterity Capital.

Persons: Litecoin, Greg Cipolaro, Cipolaro, Michael Safai Organizations: Management, CNBC, Traders Locations: NYDIG, Stone

London Breed sailed to victory as the mayor of San Francisco. Times were good; the pandemic had yet to happen. If homelessness and crime worried San Franciscans, few of them blamed her. Now San Francisco is reeling, its downtown plagued by fentanyl markets and tent camps, its employers straining to repopulate office buildings with a decidedly more remote labor force. More than 70 percent of voters have told pollsters that the city is on the wrong track, and some 66 percent disapprove of the mayor’s job performance.

Persons: London Breed, pollsters, Breed, Ahsha, Daniel Lurie, Levi Strauss Organizations: London, Times, San Francisco, Supervisors, San Locations: San Francisco, Francisco

[1/2] Belgian Foreign Minister Hadja Lahbib appears before the External Relations committee at the Belgian Parliament to be questioned by lawmakers after delegations from Iranian and Russian cities were granted visas to attend a mayors' convention, in Brussels, Belgium June 26, 2023. REUTERS/Yves... Read moreBRUSSELS, June 29 (Reuters) - Belgian foreign affairs minister Hadja Lahbib on Thursday survived a vote of no-confidence in Parliament after granting visas to delegations from Iranian and Russian cities to attend a mayors' convention in Brussels earlier this month. When in Brussels, the Iranian delegation filmed Belgian-Iranian lawmaker Darya Safai and Iranian opposition members. The opposition had called for Lahbib's resignation over the scandal, but 79 MPs voted in support of the minister while 50 voted against and four abstained. Two members of coalition parties Ecolo-Groen and PS abstained symbolically to voice that Lahbib will have to regain their parties' trust.

Persons: Hadja Lahbib, Yves, Read, Darya Safai, Lahbib's, Marine Strauss, Charlotte Van Campenhout, Leslie Adler Organizations: Belgian, REUTERS, Thomson Locations: Brussels, Belgium, BRUSSELS, Belgian

☆ Belgian foreign minister in turmoil over Iran, Russian delegates invitations
▼ + stars: | 2023-06-19 | by ( Marine Strauss | ) www.reuters.com time to read: +2 min

BRUSSELS, June 19 (Reuters) - Belgian foreign affairs minister Hadja Lahbib is facing calls for resignation after granting visas to delegations from Iranian and Russian cities to attend a mayors convention in Brussels last week. State secretary for external relations & foreign trade of the Brussels government Pascal Smet resigned on Sunday over the all-expenses paid trip. I am now asking the organizers, Metropolis, to bear these costs," Smet told a press conference on Sunday. Why only three weeks after the release of Olivier Vandecasteele, she accepts that terrorists come to Brussels? And why must the name of Belgium always be sullied by foreign relations which it cannot manage to control?"

Persons: Hadja Lahbib, Lahbib, Olivier Vandecasteele, Pascal Smet, Smet, Darya Safai, Safai, Marine Strauss, Benoit Van Overstraeten Organizations: Belgian, Brussels Urban, European Commission, Sunday, Thomson Locations: BRUSSELS, Belgian, Brussels, Vandecasteele, Iran, Iranian, Belgium, Bogota, Kyiv, Tehran, Kazan

☆ Bitcoin drops below $25,000, Tether's stablecoin falls under its dollar peg
▼ + stars: | 2023-06-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Standard Chartered predicts that bitcoin could fall to $5,000 in 2023 as part of their research on potential market surprises next year. Cryptocurrency prices fell after the Federal Reserve's June meeting, with bitcoin falling below $25,000 for the first time since March. On Thursday, bitcoin was lower by around 4% at $24,866.92, according to Coin Metrics, while ether fell more than 5% to $1,632.47. And selling pressure weighed on Tether (USDT), which lost its peg to the U.S. dollar on most exchanges Thursday, falling to 99 cents in its biggest drop since November. "Given how thin trading volumes are at the moment, a sizable (but not massive) sell order is enough to set off liquidations."

Persons: bitcoin, Altcoins, Polygon's, Cardano's, Stocks, Michael Safai Organizations: Chartered, Federal, Metrics, U.S, Federal Reserve

☆ Cryptocurrencies fall as investors weigh the Fed's latest rate decision, bitcoin slides toward $25,000
▼ + stars: | 2023-03-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Ether's superior gains have come as investors anticipate a major upgrade to the ethereum blockchain called "the merge." Cryptocurrencies fell on Wednesday as investors weighed the latest policy decision from the Federal Reserve. The Fed enacted a quarter percentage point interest rate increase at the conclusion of its latest policy meeting, expressing caution about the recent banking crisis and indicating that hikes are nearing an end. A 25 basis point increase was widely anticipated. The decision makes it the ninth consecutive interest rate hike and the second quarter-point increase in a row after a series of bigger rate hikes were implemented throughout 2022.

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