Last updated: May 3, 2024 10:52 EDT | 2 min read The CEO of CF Benchmarks, a subsidiary of cryptocurrency exchange Kraken, predicts that crypto exchange-traded funds (ETFs) in Hong Kong will overcome their lackluster start and accumulate over $1 billion in assets under management (AUM) by the end of 2024.CF Benchmarks, based in London, offers reference data for crypto ETFs, primarily focusing on bitcoin products such as BlackRock’s IBIT. The company currently oversees approximately $24 billion in AUM in this market, representing about half of the crypto benchmarking market.Despite the relatively low trading volume during their recent debut, CF Benchmarks is now collaborating with…

The resurrection of Carvana’s stock price from its 2022 lows has amounted to a monumental rise in the fortunes of its chief executive and his father. CEO Ernie Garcia III, who co-founded the company, and his father, Ernie Garcia II, who bankrolled it, have seen a combined $11 billion increase in their net worths since December 2022, thanks to a 3,000% increase in share price from that time, Bloomberg reported Thursday. When the Carvana stock hit its low point, there were murmurs that the online used car dealership was headed for bankruptcy court, falling after a titanic rise during the…

Last updated: May 3, 2024 13:10 EDT | 2 min read The Nigerian SEC’s upcoming meeting with crypto industry leaders holds major implications for the future of cryptocurrencies in the country. A Friday report from CoinTelegraph reveals that the Nigerian Securities and Exchange Commission (SEC) will meet with crypto exchanges to discuss the state of crypto regulation in the African nation. The country has detained two Binance executives charged with money laundering and tax evasion.Nigerian SEC To Meet With Crypto Exchanges On Crypto RegulationAccording to CoinTelegraph’s interview with Lucky Uwakwe, Chair of Nigeria’s Blockchain Industry Coordinating Committee (BICCoN), the upcoming…

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Former Victoria’s Secret model Rosie Huntington-Whiteley, mother of two, announced in a social media post via Instagram that she is stepping down from her role as CCO at Rose Inc, the beauty brand she founded in 2018. The British founder said in the post, “I founded Rose Inc with a vision to foster a beauty community and create exceptional products in line with my values and beliefs. However, due to significant changes within the business, I’ve made the considered decision to step down from the brand.”The assortment of clean products for sale included makeup, skin-care and beauty tools, including brushes…

MEXICO CITY — Mexican authorities said Thursday they have found tents and questioned three people in the case of two Australians and an American who went missing over the weekend in the Pacific coast state of Baja California.This comes as multiple bodies were found in the area where a burned white pick-up truck was discovered, a source familiar with the investigation told News.María Elena Andrade Ramírez, the state’s chief prosecutor, would not say whether the three people questioned were considered possible suspects or witnesses in the case. She said only that some were tied directly to the case, and others…

The milestone came and went with little fanfare.After more than four years with COVID-19, the Centers for Disease Control and Prevention recently reported the lowest new, weekly coronavirus hospitalizations since the pandemic began. There was no celebration or publicized statement. It’s safe to say that most Americans had no clue about the occurrence – though that may just be how they’d prefer it.The CDC started publishing weekly COVID-19 hospitalizations in August 2020, so the data doesn’t represent the entire pandemic. Still, experts agree that it’s a noteworthy trend, and likely accurate as wastewater viral activity levels are low and deaths…

LOS ANGELES — The Los Angeles Lakers fired coach Darvin Ham on Friday after just two seasons in charge.The Lakers announced on social media that they were dismissing Ham four days after their season ended with a first-round playoff loss to Denver in five games.Ham led Los Angeles to the Western Conference finals less than a year ago in his first season as an NBA head coach. He had replaced Frank Vogel, who was fired by the Lakers exactly 18 months after winning the franchise’s 17th championship in 2020.Ham had two winning seasons and made two playoff appearances, but that’s not enough…

Share on PinterestResearchers say people with depression may benefit from treatment with psilocybin. Yana Iskayeva/Getty ImagesIn a new study, psilocybin from so-called magic mushrooms showed better results fighting depression than a placebo, niacin, or microdoses of psychedelics.Researchers also reported that psilocybin showed greater effects on people with secondary depression related to an underlying disease.They did note that the findings were limited due to a lack of diversity among study participants.A new study from scientists in the United Kingdom says psilocybin – the active ingredient in so-called magic mushrooms – is an effective treatment for depression. Published inThe BMJ, the peer-reviewed…

Last updated: May 3, 2024 13:54 EDT | 1 min read Navigate the complexities of the UK’s AI Market Competition, where copyright and fair play are under scrutiny. On May 2nd, Baroness Stowell of Beeston, a member of the UK’s House of Lords, urged the British government to take a stronger stance on addressing copyright issues and ensuring fair competition within the UK’s AI market competition.Policymakers Draw UK Government’s Attention To Generative AIBaroness Stowell of Beeston wrote a letter to the UK Secretary of State expressing her disappointment in the government’s insufficient efforts to modernize copyright laws in light of advancements…

As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That’s why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we’ll bring you hard-hitting investigations, well-researched analysis and timely takes you can’t find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.Contribute as…

It’s been a busy week for Bella Hadid, who is in the throes of promoting her new fragrance Orebella. While the supermodel and perfumier has channeled her inner angel and tried out the office siren trend, some may wonder if Hadid has abandoned her recent shift toward Westernwear. Fear not, while she’s trading in the cowboy hat and turquoise jewelry, her latest outfit is a city slicker’s homage to cowgirl style. After all, a gal’s gotta stick to her guns in the Wild Wild West (Village).Hadid opted for an urban take on cowgirlcore. She wore a white tank top over…

Ukraine has been rationing ammunition and bullets; meanwhile the Russian army has been using ‘human wave’ tactics by sending poorly trained recruits to the frontline in a bid to force Ukraine use up all of its ammunition. ADVERTISEMENTIn Ukraine, the army has been on the backfoot over the last few months; and despite the US package of $61 billion (€56.6 billion) of military support, experts say it will be sufficient merely to hold the frontline and possibly regain some lost territory.The situation has deteriorated in large part due to a serious shortage of ammunition and weapons from Western allies; where…

Hoda Kotb and Al Roker Kwaku Alston/NBCUniversal; Virginia Sherwood/NBC Celebrities are just like Us — always ready for the weekend. “Sheinelle [Jones] and Jacob [Soboroff] are here. Hoda [Kotb] and Craig [Melvin] are getting a little jump on the weekend,” Savannah Guthrie announced at the top of Today’s Friday, May 3, episode. Also missing from the first two hours of the NBC morning show were Carson Daly and Al Roker, whose “Popstart” and weather segments were done by Soboroff, 41, and Dylan Dreyer. Dreyer, 42, was not in New York City for Friday’s episode as she traveled to Kentucky with…

WASHINGTON (AP) — The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market.Friday’s government report showed that last month’s hiring gain was down sharply from the blockbuster increase of 315,000 in March. And it was well below the 233,000 gain that economists had predicted for April.SEN. ELIZABETH WARREN, PROGRESSIVES URGE FED CHAIR TO LOWER INTEREST RATESYet the moderation in the pace of hiring, along with a slowdown last month in wage growth, will likely be…