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Oct 6 (Reuters) - Investigators at the U.S. Commodity Futures Trading Commission's enforcement division have concluded that the co-founder of Voyager Digital broke derivatives regulations before the failed crypto lender plunged into bankruptcy last year, Bloomberg News reported on Friday. Voyager filed for bankruptcy in July last year, becoming a casualty of a dramatic fall in prices that had shaken the cryptocurrency sector. "CFTC commissioners are now voting on whether to approve an enforcement action against him within days," said the Bloomberg report. The CFTC did not immediately respond to Reuters request for comment, while Ehrlich and his representatives could not be immediately reached. Reporting by Manya Saini in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.
Persons: Stephen Ehrlich, Luna stablecoin, Ehrlich, Manya Saini, Saumyadeb Organizations: U.S . Commodity, Voyager, Bloomberg, CFTC, Thomson Locations: Bengaluru
FILE PHOTO: A representation of cryptocurrency Ripple is seen in this illustration taken August 6, 2021. Torres said Rakoff had been considering Terraform’s motion to dismiss the SEC case, and was required to accept all reasonable inferences in the regulator’s favor. A trial in the Ripple case is scheduled for April 23, 2024. In its December 2020 lawsuit, the SEC accused Ripple of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP. The case is SEC v Ripple Labs Inc et al, U.S. District Court, Southern District of New York, No.
Persons: Dado Ruvic, Analisa Torres, Torres, Jed Rakoff, Rakoff, Brad Garlinghouse, Chris Larsen, Ripple Organizations: YORK, U.S . Securities, Exchange Commission, Ripple Labs, REUTERS, District, SEC, U.S, Terra, Binance, Court, Southern District of Locations: Manhattan, U.S, Southern District, Southern District of New York
She cited unpublished information from Vietnam's Ministry of Natural Resources and Environment, which did not respond to requests for comment. In recent years, Japanese investors Toyota Tsusho and Sojitz abandoned projects at Dong Pao after China ramped up supply, pummelling prices. Reuters GraphicsStill, rare earths at Dong Pao are relatively easy to access and are mostly concentrated in bastnaesite ores, according to the Hanoi University of Mining and Geology. The plant has capacity to process 5,000 tons of REO a year but the company plans to treble that to accommodate input from Dong Pao, Tuan said. The metallization process is controlled by China, which produces 90% of rare-earth metals, according to the U.S. Department of Energy.
Persons: Dong Pao, Blackstone, VTRE, Tessa Kutscher, Anh Tuan, Joe Biden, Kutscher, Sojitz, Dylan Kelly, Vingroup, Rivian, Dong, Tuan, David Merriman, John Rockhold, Dudley Kingsnorth, Francesco Guarascio @fraguarascio, Khanh, Melanie Burton, Trevor Hunnicutt, Mai Nguyen, Phuong, David Crawshaw Organizations: REUTERS, Australia's Blackstone Minerals Ltd, Vietnam's Ministry of Natural Resources, Earth JSC, U.S, . Geological Survey, Reuters, Toyota, Terra Capital, Blackstone, Hanoi University of Mining, REO, White House, Department of Commerce, U.S . Chamber of Commerce, Strategic, ASM, Reuters Graphics Reuters, U.S . Department of Energy, Western Australian School of Mines, Curtin University, Thomson Locations: Nam, Lai Chau, Vietnam, Pao, HANOI, Dong, Beijing, China, Hanoi, U.S, Dong Pao, VTRE, South, Khanh Vu, Melbourne, Seoul, Washington, Phuong Nguyen
LAND OF MILK AND HONEY, by C Pam ZhangA couple of summers ago, as I drove through Oregon amid a record heat wave across the Pacific Northwest, I pulled over at a trailhead to eat a plum. Wildfires were burning, temperatures hovered around 100 degrees and the pine forest in front of me had been rendered ghostly, the edges of everything lost and faintly browned by smoke. It was a shock, then, to bite into the fruit and taste its disruptive sweetness, how fresh and pure it was in spite of the surroundings. C Pam Zhang’s second novel, the follow-up to her Booker-longlisted western “How Much of These Hills Is Gold,” dwells with keen intelligence and rich insight at this nexus of food, pleasure, privilege and catastrophe, offering a mouthful of nectar that tastes faintly of blood. Channeling something of the fatalistic nostalgia of Marguerite Duras’s “The Lover,” she narrates: “If I hesitated at my younger self’s declaration that everyone would taste my food, that cooking was an art neither frivolous nor selfish — well.
Persons: Pam Zhang, Pam Zhang’s, Booker, , Marguerite Duras’s “, who’d, Aida Locations: Oregon, Pacific Northwest, California
Zodia Custody, a company that helps large institutions store their crypto, launched in Singapore on Tuesday in a bid to tap into the country's rapidly growing digital asset market. The development makes Zodia the first entity that is owned by and partnered with banks to provide digital asset custody services for financial institutions in Singapore, Zodia said in a news release. Zodia is also part-owned by SBI Digital Asset Holdings, the crypto division of Japanese bank SBI. "Singapore is a market that has been no stranger to the crypto world for a long time," Sawyer said. Standard Chartered has a "fantastic brand" in Singapore, Sawyer said, adding that the backing of such a large institution has helped boost its conversations with major financial firms.
Persons: Zodia, StanChart, Julian Sawyer, Sawyer, blockchain, Crypto, Zodia's, Coinbase Organizations: Standard Chartered, Northern Trust, SBI Digital Asset Holdings, SBI, CNBC, Starling, Chartered, Arrows, United, United Arab Emirates Locations: Singapore, British, Asia, Africa, Japan, Pacific, Abu Dhabi, United Arab, India
They understood the importance of self custody of bitcoin, bitcoin on bitcoin blockchain, not on other chains." Sunrise over Lisbon, Portugal Alexander Spatari | Moment | Getty ImagesThe San Francisco of EuropeA walk through Portugal's capital feels eerily similar to a stroll in San Francisco. "This makes Portugal a really attractive place for crypto users to live," explained Shehan Chandrasekera, a CPA and head of tax strategy at crypto tax software company CoinTracker.io. The only exception to the country's generous crypto scheme relates to companies registered in Portugal that deal in crypto. Cyclists photographed in Lisbon, Portugal, in October 2018.
Persons: Alexander Spatari, PORTUGAL —, maximalists, Lorenzo Primiterra, He's, Peter Pan, Primiterra, Terra Luna, bitcoin, solana, Greenfield, Portugal Alexander Spatari, Jemson Chan, Chan, CNBC Guy Young, Seb True, CNBC Seb, True, That's, it's, bitcoiners, I've, Stephen Knowles, cryptocurrencies, Shehan Chandrasekera, Katie Ananina, Ethena's Young, , Deley, Deley doesn't, that's, Didi Taihuttu, They've, Taihuttu Organizations: Campo Pequeno, maxis, CNBC Software, CNBC, titans, Securities and Exchange Commission, British, Abril, European, CPA, Cyclists, European Union, D7, Companies, Algarve Locations: LISBON, PORTUGAL, Lisbon, Italy, Portugal, Almada, Lisboa Region, outranking New York, Berlin, Singapore, European, Sunrise, San Francisco of Europe, San Francisco, bitcoin, Europe, Crypto, U.S, Egypt, Asia, Switzerland, it's, Puerto Rico, Australia, Canada, Ghent, Belgium, cryptocurrency, Cryptocurrencies, Lisbon's, Lagos, Angeles, Algarve
After several years, Ms. Allen became a nurse by graduating from a city program, and before returning to the pediatric hospital in her freshly earned nurse’s whites and cape, she worked briefly in Sea View’s adult wards. The most striking ornamental aspect of these pavilions was the six-foot-high terra-cotta frieze running around each building beneath its eaves. Here, against a backdrop of golden tiles, could be found polychrome images of doctors, seashells, garlands, red crosses and white nurses. The terra-cotta images were created using the “sectile” technique introduced at the 1900 World’s Fair in Paris. In June, New York City Health + Hospitals agreed to allow the New York City Fire Department to occupy the old Sea View staff house for 40 years.
Persons: Allen, Almirall, Christine Jetten, Terra Cotta, Organizations: New, Woolworth, New York City Health, New York City Fire Department Locations: New York, New Jersey, Delft, Holland, Paris, Dutch, New York City
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Sept 7 (Reuters) - Global securities regulators set out on Thursday their first blueprint to make participants in "decentralised finance" (DeFi)accountable for their actions and safeguard market stability. Such events have seen DeFi shrink from about $180 billion in late 2021 to about $40 billion currently, and the sector is also being used for moneylaundering, IOSCO said. Stakeholders in DeFi and their roles, and the organizational, technological, and communication mechanisms they use, tend to mimic those in traditional finance. Regulators have little standardised data on DeFI, a situation made worse by market participants using multiple pseudonymous addresses to obfuscate their activities, IOSCO said. Regulators should use existing laws or introduce new ones where needed to get a full picture of DeFI, including the identities of people and companies involved, IOSCO said.
Persons: Dado Ruvic, IOSCO, Tuang Lee Lim, Lim, Huw Jones, Frances Kerry Organizations: REUTERS, Terra, Regulators, DeFi, Thomson Locations: DeFi, IOSCO, United States
A video of California’s wildlife authority conducting a controlled burn at the Sacramento National Wildlife Refuge (NWR) in February is being misrepresented online as an arsonist sparking a wildfire. The 39-second clip shows an individual airboating through a wetland area and using a terra torch to burn some grassy sections. Reuters traced the video to the official Facebook page of the Sacramento National Wildlife Refuge Complex, a protected area managed by the U.S. Reuters reported in June 2023 on prescribed burning in California, which experts and fire officials consider an important tool to lower wildfire risks by preemptively burning dry timber and other fire fodder (here). The video shows prescribed burning at the Sacramento National Wildlife Refuge.
Persons: It’s Arson, Joanna Gilkeson, Read Organizations: Sacramento National Wildlife, Facebook, Reuters, U.S . Fish, Wildlife Service, Sacramento NWR Locations: Sacramento, California
To our modern eyes, the paintings lack the vitality and strength of the animals we are familiar with in Australia. So why did his paintings of the dingo and kangaroo — some of the earliest European representations of Australian animals — look so strange? "Pumpkin with a Stable-lad," a 1774 George Stubbs painting of the racehorse Pumpkin. But Stubbs’ kangaroo more closely resembles the rat-like Gerbua of Banks’ description than the creature we know today. My paintings of unfamiliar landscapes in Scotland and Ireland always seem to depict trees that look like eucalypts.
Persons: Joseph Banks, George Stubbs, Stubbs, ’ Stubbs, Banks, King George III, James Cook, , King, , Sydney Parkinson, Kharbine, Captain James Cook, it’s, Janelle Evans Organizations: CNN, England, Endeavour, Royal, Society of Artists, Victorian College of the Arts, Faculty of Fine Arts and Music, The University of Melbourne, Creative Locations: England, Australia, Tahiti, Great Britain, London, Nations, Banks, Scotland, Ireland
Terri Thomas’s family has been waiting for days. “It’s tragic — this hopeless feeling,” said Ms. Thomas’s niece, Terra Thomas, who lives in North Carolina. Spotty-to-nonexistent phone reception, especially in the immediate aftermath, made it hard for survivors to contact loved ones. Chief John Pelletier of the Maui Police Department urged people searching for loved ones to take a DNA test that could help identify their remains. Once the couple was able to inform loved ones they were safe, the social media attention proved helpful.
Persons: Terri Thomas’s, Thomas, Thomas’s, , , Terra Thomas, Jill Tokuda, “ It’s, Noelle Manriquez, John Pelletier of, Pelletier, ” Terra Thomas, Terri Thomas, Harry, Toni Troupe, Toni, Max Whittaker, ” Emily Cochrane Organizations: Democrat, Maui Police Department, , The New York Times, huskies, Credit, Facebook Locations: Lahaina, Hawaii, North Carolina, Maui, Congress, West Maui, State, Napili, Honokowai, Ohio, Midwest, Bali
Bitcoin was last lower by more than 6% at $26,099.00, according to Coin Metrics, following a stunning fall that began late Thursday. The crypto asset briefly dropped below $26,000 twice between late Thursday night and Friday morning. The move pulled the rest of the crypto market lower. For the week, bitcoin is down more than 11.5% and on pace for its seventh weekly loss in the past eight and its worst week since November. Coin Metrics measures a week in crypto, which trades 24 hours a day, from the 4:00 p.m.
Persons: Bitcoin, Ripple's XRP, bitcoin, Crypto Organizations: Solana, Street, Elon, SpaceX
BREAKING VASES IS an occupational hazard for florists, but for Wagner Kreusch it’s also a source of inspiration. The Brazilian-born, London-based botanical artist collects ceramics from makers around the world and when one of them accidentally slips through his fingers, he saves the fragments, reconfiguring the shards on the floor of his studio to look like the vessel has just toppled over, and arranges flowers (he prefers wild flora such as amaranth and mimosa) amid the chaos. Most recently, Kreusch, a certified ikebana instructor, transplanted a cluster of foraged roadside marigolds, root systems intact, and placed them amid a half-smashed terra-cotta garden pot he found at a market in Porto, Portugal. “They looked like they broke the vase to free themselves,” he says of the unruly cluster of yellow blooms. The gravitational pull is both literal and metaphorical; by building on the floor, they’re at once returning flowers to the earth (if only symbolically) and repositioning a flower arrangement’s hierarchy in a given room — these are designs that demand space, that shift the balance of focus from the mantel or dining room table, that make life a little inconvenient for the occupants.
Persons: Wagner Kreusch it’s, , , you’re Locations: Brazilian, London, Porto, Portugal, they’re
REUTERS/Andrew Kelly/File PhotoNEW YORK, Aug 9 (Reuters) - The U.S. Securities and Exchange Commission plans to appeal a recent court decision involving Ripple Labs that was a setback for the agency's efforts to oversee cryptocurrency markets. The SEC said an appeal could address legal issues on which there was "substantial ground for differences of opinion." Torres' decision was not a total victory for Ripple, as she found that it violated securities laws by selling XRP to institutional investors. The judge must decide whether to let the SEC appeal her decision, and put the case on hold. Ripple, and lawyers for Ripple, Garlinghouse and Larsen did not immediately respond to requests for comment.
Persons: Andrew Kelly, Analisa Torres, Ripple, Brad Garlinghouse, Chris Larsen, Torres, Jed Rakoff, Larsen, Gary Gensler, Coinbase, Jonathan Stempel, Chris Prentice, Jody Godoy, Chris Reese, Lisa Shumaker, Diane Craft Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Ripple Labs, SEC, U.S, District, Terra, Terraform Labs, Thomson Locations: Washington ,, Manhattan, U.S, Gensler, New York
The stablecoin, PayPal USD, is fully backed by the US dollar and is “designed to reduce friction” for payments within virtual spaces and provide faster, cheaper transfers of money across borders. But PayPal is betting on a future in which digital currency is more mainstream and merchants may request payment in stablecoins to avoid credit card processing fees. In May 2022, the “algorithmic” stablecoin TerraUSD collapsed when the crypto token backing it, Luna, collapsed. The value of PayPal USD, or PYUSD, doesn’t rely on a complex algorithm the way Terra did. In other words: every PayPal USD should be worth $1.00, no matter what.
Persons: , Dan Schulman, Stablecoins, Stablecoins aren’t, TerraUSD, Luna, Kwon, Charles Cascarilla Organizations: New, New York CNN, PayPal, Securities, Exchange Commission, Paxos Trust Locations: New York, cryptocurrencies, Venmo, Terra
Staged footage of a UFO plunging into the ocean, which was created for a Spanish advertising campaign in 2009, is being shared on social media, wrongly labelled as a real sighting. Películas Pendelton founder Luis Manso confirmed to Reuters in an email in February that the video was part of an advertising campaign for Terra. A video titled “Making of ‘El Ovni Gallego’” was uploaded to YouTube in October 2009 (youtu.be/fmxsZbssmDE). Media reports about the advertising campaign can be seen (here), (here), (here). Video shows a Spanish advertisement released in 2009, not a real UFO sighting.
Persons: El Ovni Gallego ”, Pendelton, Doyle Dane, Películas Pendelton, Luis Manso, El Ovni Gallego ’ ”, Edgar Lledó, Orson Wells, Wells, Read Organizations: Outmanoeuvring Fighter Jets, Helicopter, YouTube, Reuters, Terra, Hollywood, Media Locations: Spanish
Statista identified 40 firms as top digital payments companies. While digital payments is often the area that draws most investor buzz, lending generates more money in financial services. Statista identified 25 fintech companies that fall into the category of top alternate lending firms. They include American small business lending firm Biz2Credit, Irish e-commerce lending company Wayflyer, and Latvian loan refinancing startup Mintos. Digital business solutions
Persons: Monzo, there's, Statista, Afterpay, It's, Binance, eToro, Equity crowdfunding, hasn't, Peter Hazlehurst Organizations: JPMorgan —, Orange, Digital, U.S, SEC, European, Education, Equity, Republic, Tech, Federal Reserve, Bank of England, CNBC, Solaris Locations: fintech, Europe, Nigeria, Orange, Africa, Terra, U.S, Cayman Islands, American, Latvian, U.K
A Manhattan federal judge said in an opinion that cryptocurrencies are considered securities regardless of how they are sold. U.S. District Judge Jed Rakoff's decision Monday complicates SEC's litigation with both Ripple and crypto exchange Coinbase. The Ripple ruling was considered a win by the industry because it said a cryptocurrency may or may not be a security depending on who's buying it. The SEC has argued in cases against Binance, Coinbase and Kraken that many cryptocurrencies listed on popular exchanges are securities. The SEC has pursued numerous other crypto firms over the alleged unregistered offer and sale of securities, including Coinbase , Gemini and Genesis.
Persons: Hon Chang, joon, Kwon, cryptocurrencies, Jed Rakoff's, Coinbase, Rakoff, — CNBC's Lora Kolodny Organizations: UST, Securities and Exchange Commission, Terraform Labs, U.S, SEC, Binance Locations: Podgorica, Montenegro, Manhattan
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Persons: Dow Jones
LONDON, July 21 (Reuters) - British financier Guy Hands has stepped down as CEO and chairman of private equity firm Terra Firma Capital Partners, according to a company statement sent to Reuters. Richard Hands and Paul Hatter will lead the company as managing director and chief operating officer, respectively. "Guy wants to change the focus of his life giving him more time to work on his and his wife Julia's philanthropic interests whilst continuing to be involved in the portfolio businesses that are Hands Family Investments, as well as in the legacy Terra Firma fund investment Annington, sitting on the boards that work with those investments," the statement read. Guy Hands founded Terra Firma in 2002 through the spin-out of Japanese bank Nomura's Principal Finance Group (PFG), which he used to lead. Reporting by Pablo Mayo Cerqueiro, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Guy Hands, Richard Hands, Paul Hatter, Guy, Pablo Mayo Cerqueiro, Louise Heavens Organizations: Terra Firma Capital Partners, Reuters, Investments, Terra Firma, Nomura's, Finance Group, Thomson Locations: British
Terra Firma founder Guy Hands steps down from company's helm
  + stars: | 2023-07-21 | by ( ) www.reuters.com   time to read: +2 min
"When I founded Terra Firma over 20 years ago, I vowed that I would retire from the firm 'when I'm 64', as per the eponymous Beatles song. Terra Firma will be led by Guy's son and managing director Richard Hands and its chief operating officer Paul Hatter, the company said in a statement. Guy Hands founded Terra Firma in 2002 through the spin-out of Japanese bank Nomura's Principal Finance Group (PFG), which he used to lead. Terra Firma is now invested in 39 companies with an aggregate enterprise value of 51 billion euros ($56.7 billion), according to the company's website. Other business backed by Terra Firma include Australian cattle company CPC.
Persons: Guy Hands, Guy's, Richard Hands, Paul Hatter, Terra, Hands, Julia, Pablo Mayo Cerqueiro, Iain Withers, Louise Heavens, David Holmes Organizations: Terra Firma Capital Partners, EMI, Terra Firma, Reuters, Sky News, Nomura's, Finance Group, Citigroup, CPC, Thomson
Bitcoin made a stunning jump in the first half of 2023, hitting $30,000 again for the first time in months. Five market experts responded to CNBC questions via email, and three said they expect bitcoin to reach the $50,000 level by the end of 2023. That is a net annual reduction in selling of BTC 250,000 — a large number relative to bitcoin market turnover." "We previously predicted that this driver would add USD 10,000 to the bitcoin price," he added. Mobius said he expects bitcoin to climb to $40,000 by the end of 2023, citing investor "belief" in the digital coin.
Persons: Bitcoin, Carol Alexander, Geoff Kendrick, Kendrick, Antoni Trenchev, wouldn't, Mark Mobius, Tim Draper, Mobius, bitcoin, Draper didn't, , Kevin Schmidt Organizations: BlackRock, CNBC Pro, CNBC, Sussex University, SEC, British, Chartered, Standard Chartered, BTC, Federal Reserve, Mobius Capital Partners, Draper Associates, Trust, Fidelity, U.S . Securities, Exchange Commission Locations: Terra, Binance
"DEI leaders are facing extreme fatigue and burnout," says Chandra Robinson, vice president in the Gartner HR practice. "Unfortunately," she says, "with so much attention paid to DEI, undue pressures are put on DEI leaders to make progress" quickly. Half of DEI leaders say their biggest challenge is when other leaders fail to take ownership for driving diversity outcomes, and one-third say they have limited power to effectively drive change, according to a 2022 Gartner survey of 181 DEI leaders. Black women are more likely than women overall to aspire to executive roles, according to the joint Lean In and McKinsey "Women in the Workplace" report. But they also face more barriers to advance in their career: Black women leaders are more likely to be undermined at work, and 1 in 3 Black women leaders says they've been denied or passed over for opportunities because of personal characteristics, including their race and gender.
Persons: Karen Horne, Vernā Myers, Netflix's, LaTondra Newton, Terra Potts, Joanna Abeyie, Myers, Abeyie, Rachel Thomas, aren't, Chandra Robinson, Robinson, George Floyd, It's, Russell Reynolds, Thomas, they're, they've, they'd, Kelly Evans Organizations: Hollywood, North, North America DEI, Warner Bros, Academy of Motion Pictures Arts and Sciences, America, DEI, Gartner, Lean, McKinsey, Women Locations: North America, Corporate America
The Museum of Contemporary Art Chicago and the educator Romi Crawford have become partners in a new program that focuses on pairing instruction by artists of color with hands-on learning by students working alongside them. This intensive, semester-long course, which its founders announced on Monday, is called the New Art School Modality and will start in September at the museum. Traditional models of art education have become increasingly endangered as trusted schools — from the San Francisco Art Institute to the Watkins College of Art in Nashville — have fallen into bankruptcy or merged with larger institutions. The New Art School Modality is intended to create a sweet spot in academia. “The flashing words are experimentation and improvisation,” said Crawford, 56, an art historian at the School of the Art Institute of Chicago.
Persons: Romi Crawford, , Crawford Organizations: Contemporary Art Chicago, New, San Francisco Art Institute, Watkins College of Art, Terra Foundation, American Art, School of, Art Institute of Chicago Locations: Nashville
Joseph Pedott, whose decades of commercials for the zany plantlike figurines known as Chia Pets launched them into the pantheon of American consumer culture, died on June 22 in San Francisco. The origins of the Chia Pet’s popularity can be traced to March 1977, when Mr. Pedott (pronounced PEE-dot), an independent advertising executive, wandered around a Chicago home and housewares trade expo looking for new clients. “He said, ‘There’s this stupid item called the Chia Pet. I don’t know why anybody buys it,’” Mr. Pedott later recalled. The sales executive faxed Mr. Pedott a picture of the stupid item in question.
Persons: Joseph Pedott, Chia Pets, Sherry Ettleson, Pedott, , faxed Mr Locations: San Francisco, Chicago, Oaxaca, Mexico
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