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Bitcoin’s price has fallen to its lowest point in over a week as traders stare down prospects of shifting U.S. monetary policy and continued tightening of regulation of cryptocurrencies in China. At 20:00 UTC on Monday, the price of the world’s foremost crypto began declining from around $35,466 to a low of $33,221. Prices were up slightly on the hour, and one bitcoin was changing hands for roughly $33,793 at the time of publication. The move marked the largest single daily loss for the… Source link

A Republican has won a mayoral race in a South Texas Hispanic Democratic bastion, sparking celebration from the GOP nationwide and alarm from some Democrats. Why it matters: Javier Villalobos’ victory Saturday in Mexican American-majority McAllen, Texas, comes as some Latino Democrats say their party has been ignoring Mexican Americans in Texas, New Mexico and California as the Republican Party makes dents in areas once solidly blue. Stay on top of the latest market trends and economic… Source link

A Republican has won a mayoral race in a South Texas Hispanic Democratic bastion, sparking celebration from the GOP nationwide and alarm from some Democrats. Why it matters: Javier Villalobos’ victory Saturday in Mexican American-majority McAllen, Texas, comes as some Latino Democrats say their party has been ignoring Mexican Americans in Texas, New Mexico and California as the Republican Party makes dents in areas once solidly blue. Stay on top of the latest market trends and economic… Source link

The NBA announced on Monday that New York Knicks coach Tom Thibodeau has been named Coach of the Year. Thibodeau edged Phoenix Suns coach Monty Williams for the honor. Williams (45) actually got more first-place votes from media members than Thibodeau (43), but Thibodeau’s 351 points edged Williams’ 340 to secure the award. Utah Jazz head coach Quin Snyder (161 points) finished a distant third.  The award is Thibodeau’s second. He also won the honor in 2011 as head coach of the Chicago… Source link

(Reuters) -A report on the origins of COVID-19 by a U.S. government national laboratory concluded that the hypothesis of a virus leak from a Chinese lab in Wuhan is plausible and deserves further investigation, the Wall Street Journal said on Monday, citing people familiar with the classified document. The study was prepared in May 2020 by the Lawrence Livermore National Laboratory in California and was referred to by the State Department when it conducted an inquiry into the pandemic’s… Source link

The Philadelphia 76ers and president of basketball operations Daryl Morey were each fined $75,000 by the league over Morey’s recent tweets about Stephen Curry, the NBA announced on Monday afternoon. The tweets, the league said, violated its anti-tampering rule. Daryl Morey told Steph Curry to ‘join’ his brother Seth in a tweet The tweets in question came on June 3, one day after the 76ers closed out their opening-round playoff series with the Washington Wizards. Morey took a screenshot of… Source link

On Sunday, Salvadoran President Nayib Bukele tweeted out his new profile picture. It featured the popular, young upstart standing at a podium with a bitcoiner’s blood red laser eyes (instead of the usual statesman’s stare). In the background stand a few national guardsmen.  The day before, in a pre-recorded video screened to the 12,000 attendees of Bitcoin Miami, the 39-year-old president announced he had drafted a bill to present to the nation’s legislature to make bitcoin an official… Source link

After four years as a standout at the U.S. Naval Academy, Cameron Kinley signed with the Tampa Bay Buccaneers in May as an undrafted rookie free agent. But when the Bucs start mandatory minicamp Tuesday, Kinley won’t be there. He will instead be required to immediately commission for the rank of ensign. Cadets who attend the Naval Academy commit to active-duty military service after graduation. A 2019 policy directive allows for graduates pursuing a career in professional sports to delay… Source link

Crypto investing pioneer and former hedge fund manager Mike Novogratz has stacked up billions of dollars by making bold bets on digital assets. He’s built up his crypto ecosystem company Galaxy Digital (BRPHF) into something akin to a crypto Berkshire Hathaway (if there were such an equivalent in crypto) through investments in promising blockchain projects and his recent record setting $1.2 billion acquisition of custody giant BitGo. And similar to the way equity investors turn to… Source link

Stock futures opened near the flat line Monday evening after a meandering session during the regular trading day. Contracts on the S&P 500 ticked up. Earlier, the index ended just a tick below the flatline and was less than half a percent below its all-time high. The Dow also ended lower, while the Nasdaq pushed into positive territory. Investors this week have been digesting signals from officials over the path forward for monetary and fiscal policies, and what these might suggest for… Source link