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Day: December 16, 2021

McDonald’s claws back $105 million from fired CEO Easterbrook, accused of hiding relationships from board

KEY POINTS McDonald’s announced Thursday it has settled its lawsuit against former CEO Steve Easterbrook, clawing back his severance payment valued at $105 million. The fast-food giant first brought a suit against its disgraced former chief executive in August 2020, claiming that he lied during the company’s internal probe into his behavior before his firing. …

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Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms

A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests. Beijing Court Invalidates Bitcoin Mining Contracts The Chaoyang District People’s Court in the …

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Ethereum is Burning at the Rate of 6.29 ETH per Minute

Burnt Ether is edging closer to the 1.2 million ETH mark, given that it’s burning at a rate of 6.29 ETH, approximately $24,361, per minute. Ever since the London Hard Fork or EIP 1559 upgrade went live on August 5, the burning feature was introduced every time Ethereum was used in transactions. One of the objectives was to eliminate …

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Adidas Originals to launch debut NFT collection

The iconic sportswear brand recently partnered with three distinguished members of the NFT space: Bored Ape Yacht Club, GMoney, and PUNKS Comics, to advance metaverse ambitions. Adidas Originals have announced the upcoming launch of their nonfungible token (NFT) collection titled Into the Metaverse. Although details on the supply are sparse at this time, it has …

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THE LARGEST CREDIT UNION IN IDAHO NOW OFFERS BITCOIN BUYING AND SELLING

The feature was made possible by a partnership between the credit union’s platform provider and NYDIG. The largest credit union in Idaho has integrated Bitcoin services into its platform. Idaho Central Credit Union customers can now buy, sell, and hold BTC from their banking accounts. The largest credit union in Idaho, U.S., has integrated Bitcoin …

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Commercial Bank Revenue Model and Functions: Loan Projections

The term commercial bank refers to a financial institution that accepts deposits, offers checking account services, makes various loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses. A commercial bank is where most people do their banking. Commercial banks make money by providing and earning …

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Nickel Mining Process – Luminos Mining Protocol

From the implementation of near nascent methods to the use of a highly advanced technology-based approach, there has been a significant increase in the production of Nickel. The process of mining this valuable metal unexpectedly differs because Nickel can be found in two different forms of ore – Sulfide and Laterite mining. Mining of Nickel …

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Price analysis 1205 BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, AVAX

BTC/USDT Bitcoin’s recovery from $55,600 on Dec.05 reached the 50-day simple moving average (SMA) ($60,350) on Nov. 10 but the bulls could not clear this hurdle. This indicates that bears are attempting to flip the 50-day SMA into resistance. BTC/USDT daily chart. Source: TradingView The moving averages are about to complete a bearish crossover and …

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A new method to public financial management is being developed.

New public financial management (NPFM) refers to reforms introduced in systems, procedures, organizations, and law for obtaining and effectively using public financial resources, which encompass not only expenditures but also revenues and debt in the context of public budgeting, accounting, internal and external control, and financial reporting. Reforms affect “how” to implement public policies searching …

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