Author: Press Room

Hello and welcome to the latest edition of the Cryptofinance newsletter. This week we’re reviewing the FT’s Crypto and Digital Assets Summit.What a difference a year makes. This week the FT hosted its second annual crypto summit, a chance to take stock and to anticipate the latest trends. What stood out was just how much attitudes and expectations had evolved in 12 months.Last April, at the FT’s inaugural summit, the industry’s evangelists and enthusiasts came ready to preach the promise of crypto, buoyed by Super Bowl ads and pricey NFTs. It turned out to be very height of the market.Weeks…

The outgoing chief of France’s Société Générale’s has dismissed the risk of US banking turmoil spreading to Europe, arguing the region’s tougher regulation was a “fundamental contrast” that helped shield the sector. Frédéric Oudéa, who is stepping down this month after 15 years at the helm of the bank, said he was “confident the European banking sector would continue to be extremely solid in the coming quarters”. In the US, he added: “I think that turbulence could continue.”“You have a lot of smaller and medium-sized banks [in the US] that are not regulated in the same way as in the…

Shiba Inu. Source: Adobe81% of Shiba Inu (SHIB) investors are now in the red, with the world’s second most popular meme coin having largely failed to emulate the bull market seen in other major cryptocurrencies like Bitcoin and Ethereum this year.That’s according to data from IntoTheBlock, whose summary of six on-chain and exchange signals is “mostly bearish”, with four bearish, one neutral and only one bullish.SHIB/USD was last changing hands around $0.0000086, down around 45% from earlier yearly highs in the $0.000016 area, with yearly gains eroded to now only around 10%.Shiba Inu’s losses have been cascading in recent days…

Why It Matters: The sharp decline is a victory.The W.H.O.’s declaration is an acknowledgment that the world successfully managed an international outbreak even while still reeling from the Covid-19 pandemic.The initial response to the outbreak sputtered, much as it did when Covid began to spread. But most countries were able to quell their epidemics with a combination of vaccination and behavioral changes among affected communities.Mpox was the W.H.O.’s second global emergency in two years, and the seventh since 2007. The organization lifted the designation for Covid last week, a momentous if largely symbolic milestone.Background: Mpox caught the world by surprise.In…

These are the stocks posting the largest moves before the bell.

A mother and daughter have touched millions of hearts on TikTok after one immediately made the trip to see the other who just received a cancer diagnosis.Maria Karpinska, 88, traveled over six hours to see her daughter, Elizabeth Pawlak, 64, who had recently learned she had stomach cancer. The moment when Karpinska walked through the hospital room door was captured on video by her granddaughter, Estera Pawlak (daughter of Elizabeth Pawlak).MOTHER’S DAY: THE BEST ONE-LINERS AND LIFE ADVICE I’VE EVER GOTTEN FROM MOM”Motherhood is so powerful, Estera Pawlak captioned the footage, which was viewed over 4.8 million views times on TikTok.…

Calling all Kyles: The City of Kyle, Texas, is holding a Kyle Fair, hoping to break the world record for largest same-name gathering. The event will be held on May 21 at, of course, Lake Kyle Park. Whether you’re Kyle Lowry, Kyle Mooney, Kyle Richards, Kyle MacLachlan or Kyle Schwarber – all Kyles are welcome, as long as you spell it that way.The city has attempted to break the record three times before. Kyle’s arch nemesis: Ivan. The city of Kupreski Kosci in Bosnia and Herzegovina gathered 2,325 people named Ivan in 2017, setting the world record.  “We need tall Kyles,…

A FIFA fund to compensate for unpaid wages helped 225 players in the latest round of payments, including 61 in Portugal and 50 in Greece, the governing body of soccer said Friday.The $16 million FIFA Fund for Football Players was created in 2020 with the FIFPRO player union. Some clubs were suspected of closing down to avoid paying salaries and then re-started anew as a “phoenix” operation.FIFA allocated $4 million to applications for financial help from the 2021 calendar year.BRAZILIAN DICTIONARY ADDS ‘PELÉ’ AS ADJECTIVE FOR ‘EXCEPTIONAL, INCOMPARABLE, UNIQUE’The payments included 22 for players from Greek club Doxa Drama, plus…

Anyone in the U.S. who used Facebook in the last 16 years can now collect a piece of a $725 million settlement by parent company Meta tied to privacy violations — as long as they fill out a claim on a website set up to pay out money to the social network’s users. The settlement stems from multiple lawsuits that were brought against Facebook by users who claimed that the company improperly shared their data with third-party sources such as advertisers and data brokers. The litigation began after Facebook was embroiled in a privacy scandal in 2018 with Cambridge Analytica, which scraped…

A perennial favorite among holidaymakers, Greece consistently ranks among the top 10 vacation destinations in Europe.But now it wants tourists to get to know lesser-known locations across its thousands of sprawling islands.”We’re moving beyond sea and sun. We want to prolong the tourism season in both time and space,” Olympia Anastasopoulou, secretary-general for tourism policy and development at Greece’s Ministry of Tourism, told CNBC Travel.For that, the country is investing in its more remote locations, including Syros, Amorgos and Milos, as part of its “All you want is Greece” campaign.To ease overtourism, popular hot spots such as Mykonos and Santorini…