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Bloomberg

$300 Million Crypto Hack Raises DeFi Security Concerns

Bloomberg's Anna Irrera joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Decentralized finance is in the midst of the largest coordinated rescue in its history. This comes a week after a security breach at a small crypto protocol called KelpDAO triggered a $10 billion run on Aave, the largest DeFi lending protocol.

Leia mais: $300 Million Crypto Hack Raises DeFi Security Concerns
Bloomberg

DeFi Rescue Hurts Anti-Wall Street Pitch After $10B Run

Bloomberg's Anna Irrera joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Decentralized finance is in the midst of the largest coordinated rescue in its history. This comes a week after a security breach at a small crypto protocol called KelpDAO triggered a $10 billion run on Aave, the largest DeFi lending protocol.

Leia mais: DeFi Rescue Hurts Anti-Wall Street Pitch After $10B Run
Bloomberg

Kalshi Says Surveillance Systems Keep Eye Out for Insider Trading

Robert Denault, head of enforcement at Kalshi, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Prediction markets have quickly grown from a niche corner of finance to a multibillion-dollar industry with big Wall Street investment, but a growing list of insider trading allegations is bringing concerns about the platforms all the way to the White House.

Leia mais: Kalshi Says Surveillance Systems Keep Eye Out for Insider Trading
Bloomberg

Kalshi Discusses Insider Trading Concerns

Robert Denault, head of enforcement at Kalshi, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Prediction markets have quickly grown from a niche corner of finance to a multibillion-dollar industry with big Wall Street investment, but a growing list of insider trading allegations is bringing concerns about the platforms all the way to the White House.

Leia mais: Kalshi Discusses Insider Trading Concerns
Bloomberg

OpenAI Hits Back at Growth Fears, Says 'Firing on All Cylinders'

OpenAI pushed back against concerns over its sales growth on Tuesday, saying its consumer and enterprise businesses are "firing on all cylinders" despite a report about the AI startup missing internal targets. The ChatGPT creator said it continues to see growth in demand from business customers and its nascent advertising business. "The mood internally is incredibly positive," the company said in a statement. The Wall Street Journal reported late Monday that OpenAI had fallen short of several internal targets as rivals gained ground. OpenAI described the report as "prime clickbait." Rudina Seseri, Glasswing Ventures Founder & Managing Partner joined to discuss on Bloomberg Businessweek Daily.

Leia mais: OpenAI Hits Back at Growth Fears, Says 'Firing on All Cylinders'
Bloomberg

Canada Launches Sovereign Wealth Fund for Major Projects

Canada will create its first sovereign wealth fund to provide financing for large infrastructure projects and domestic companies, Prime Minister Mark Carney said, pledging to offer Canadian investors the opportunity to buy in. The new vehicle, dubbed the Canada Strong Fund, will be seeded with C$25 billion ($18.4 billion) from the federal government, Carney announced Monday in Ottawa. It will be professionally managed and independent of the government, meant to "invest alongside the private sector in nation-building projects, on a fully commercial basis," he said.  Peter Bethlenfalvy, finance minister of Canada's Ontario Province joined Balance of Power to discuss, the Iran war's impact on energy markets and efforts by governments to counter it.

Leia mais: Canada Launches Sovereign Wealth Fund for Major Projects
Bloomberg

DIGI: Finding the Cracks in the US Consumer | Meredith Whitney

Meredith Whitney, the CEO of Meredith Whitney Advisory Group, breaks down the illusion of a strong US consumer, revealing a widening gap between wealthy spenders and struggling households. She explains how government stimulus is temporarily masking deeper cracks, and why the economy could face a sharp reality check after the election.

Leia mais: DIGI: Finding the Cracks in the US Consumer | Meredith Whitney