Dogecoin Creator Jackson Palmer Says He Will Not Return To Cryptocurrency
Jackson Palmer, the co-creator of the meme-inspired cryptocurrency dogecoin, has said that he will not return to cryptocurrency.
“I am often asked if I will “return to cryptocurrency” or begin regularly sharing my thoughts on the topic again. My answer is a wholehearted “no”, but to avoid repeating myself I figure it might be worthwhile briefly explaining why here…” Palmer tweeted.
Dogecoin was created by software engineers Billy Markus and Palmer and was released 7 years ago on December 6, 2013. The pair decided to create the cryptocurrency as a joke, making fun of the wild speculation in cryptocurrencies at the time. Dogecoin features the face of the Shiba Inu dog from the “Doge” meme as its logo and namesake.
Recently, the cryptocurrency has become very popular and is one of the top 10 cryptocurrencies by market value. Dogecoin now has a market value of roughly $54 billion dollars. Earlier this year, it hit an all-time high of nearly $0.74.
Meanwhile, bitcoin, the most popular cryptocurrency among the lot, peaked over $63,000 in mid-April, before losing over half of its value. It is currently trading at $31,000.
Watch live: CDC advisory panel discusses rare autoimmune disorder linked to J&J vaccine
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A Centers for Disease Control and Prevention advisory panel is meeting Thursday to discuss a serious, but rare, autoimmune disorder linked to Johnson & Johnson's Covid-19 vaccine.
The CDC's Advisory Committee on Immunization Practices meeting comes a little over a week after the Food and Drug Administration announced a new warning label for the J&J shot after 100 preliminary reports of Guillain-Barre syndrome were detected in J&J recipients.
U.S. CBO sees debt default in Oct or Nov if no debt limit hike
WASHINGTON, July 21 (Reuters) – The U.S. Treasury Department is likely to be unable to pay its bills and provide funding for certain benefit programs sometime in October or November unless Congress approves legislation extending the agency’s statutory borrowing authority, the non-partisan Congressional Budget Office forecast on Wednesday.
“If that occurred, the government would be unable to pay its obligations fully, and it would delay making payments for its activities, default on its debt obligations, or both,” the CBO said.
Kiszla: Why can’t we stop loving the Olympics? Like life, the Games are a big mess that brings out the best in human spirit.
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Kinder Morgan quarterly profit falls 62% on lower volumes
July 21 (Reuters) – Kinder Morgan said on Wednesday its second-quarter profit fell 62.4% from the previous quarter, when the U.S. pipeline operator saw a one-off demand surge for natural gas and electricity due to a winter storm in February.
Adjusted profit stood at $516 million, or 23 cents per share, in the second quarter ended June 30, compared with a profit of $1.37 billion, or 60 cents per share, in the first quarter.
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Autonomy's Lynch says disappointed with extradition ruling
- HP has alleged that Lynch fraudulently inflated the value of Autonomy before its sale. Lynch denied the charges.
Mike Lynch, the British tech billionaire who sold his data company Autonomy to Hewlett Packard, is disappointed that a British court has ruled against him and ordered his extradition to the United States, his lawyer said on Thursday.
HP has alleged that Lynch fraudulently inflated the value of Autonomy before its sale. Lynch denied the charges.
"Dr Lynch is disappointed that the court has ruled against him without waiting for the High Court's judgment in the civil case that examined all these issues. Dr Lynch denies the charges against him," lawyer Chris Morvillo of Clifford Chance said.
"At the request of the U.S. Department of Justice, the court has ruled that a British citizen who ran a British company listed on the London Stock Exchange should be extradited to America over allegations about his conduct in the UK.
"We say this case belongs in the UK. If the Home Secretary nonetheless decides to order extradition, Dr Lynch intends to appeal."
China's yuan basket index hits fresh 5-year high
SHANGHAI, July 22 (Reuters) – China’s central bank on Thursday set its official yuan midpoint at the firmest level in a week, lifting its value against its major trading partners to a new more than five-year high.
The People’s Bank of China (PBOC) set the midpoint at 6.4651 yuan per dollar prior to the market open, 184 pips or 0.28%, stronger than the previous fix of 6.4835. It was the firmest since July 15.
And the strengthened official guidance rate has pushed China’s trade-weighted yuan basket index to 98.77, the highest since March 15, 2016, up 4.15% so far this year, according to Reuters’ calculations based on official data.