Author: Anthony M. Orbison

The co-founder of Aptos (APT) believes that the layer-1 crypto project is on the verge of massive mainstream adoption. In a new interview with crypto influencer Scott Melker, Aptos CEO and co-founder Mo Shaikh says that the speed of the Aptos network makes it a highly attractive blockchain for payments. He also says that Aptos’ new cold storage wallet card designed to hold a user’s digital asset portfolio could make crypto payments more mainstream. “I think in one to two years we would love to see card and mobile wallet penetration increase to greater than 20% of all cardholders or…

Stay informed with free updatesSimply sign up to the Accountancy myFT Digest — delivered directly to your inbox.The head of KPMG US says the industry urgently needs to make it easier and cheaper to become an accountant, to head off a “brewing crisis” in the profession.With the numbers of US students taking accounting courses falling sharply, Paul Knopp became the first head of a Big Four firm to publicly back scrapping the requirement for a fifth year of higher education on top of the typical four-year undergraduate degree.In an interview with the Financial Times, Knopp backed an “apprenticeship” model to…

One key difference between gas-powered cars and electric vehicles is that one needs to be filled with a combustible liquid—either gasoline or diesel—and the other has to be plugged in. In the 1950s and 60s, when interstate highway travel was in its infancy, full-service service stations like those run by Texaco used to do much more than just fill up gas. Don’t miss the move: Subscribe to TheStreet’s free daily newsletterIn an ad aired in the 1960s, Texaco bragged that its attendants would not only fill up your car but also inspect vital components, like the battery, wipers, engine oil, fan belt,…

The crypto market recorded a notable bearish momentum over the past day, bringing increased liquidations. According to data provided by CoinGecko, the global crypto market capitalization declined by 3% in the past 24 hours — falling from $2.31 trillion to $2.27 trillion. This shows a roughly $40 billion decrease. The daily trading volume, however, rallied by 50%, reaching $99.5 billion. Many of the leading cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), saw downshifts. BTC is currently trading at $62,400 and ETH is hovering close to the $2,400 mark. The market-wide decline brought a $220 million liquidation, per data from Coinglass.…

When TV star Rob McElhenny took a gamble on the minnow Welsh football team Wrexham AFC in 2020 with fellow actor Ryan Reynolds, the self-confessed football novice wanted to look the part. What better way than to find a vintage 1970s replica jersey donning the “Wrexham Lager” sponsor? McElhenney first set about a futile search of the Racehorse Grounds for any leftovers, but he was left empty-handed. He asked Wrexham AFC’s director Shaun Harvey: “‘Why would they just either throw them out or give them to family and friends? Aren’t they valuable?’ “And he said, no, they weren’t valuable. They…

BRASILIA (Reuters) -Brazil’s Supreme Court cleared X to resume service in the country on Tuesday, after the social media platform reversed course and started complying with court rulings billionaire owner Elon Musk had previously vowed to resist. Supreme Court Justice Alexandre de Moraes, who had been locked in a months-long feud with Musk, gave X the green light to resume operations in Latin America’s largest country effective immediately. In the decision, Moraes said X had met all the necessary requirements to start operating again in the country. The platform formerly called Twitter had been suspended in Brazil, one of its largest…

New Onchain data from IntoTheBlock reveals that Ethereum users have staked 28.9% of all Ether supply, revealing long-term interest in the asset. Staking a crypto asset means locking it into a blockchain network, prohibiting it from being sold or purchased until it is unstaked. Staking Ethereum allows holders to reap long-term rewards and typically signals confidence and interest in the token.IntoTheBlock revealed the new data in a post to X on October 8. According to the data compiler, the percentage of ETH staked is up over 5% from the start of the year. Additionally, over 15.3% of staked Ethereum has…

(Bloomberg) — Chinese equities led losses in the region on Wednesday after weak economic data and as Beijing refused to commit to more economic stimulus.Most Read from BloombergThe benchmark CSI 300 Index tumbled as much as 7.4%, its biggest fall since 2020 with the losses erasing Tuesday’s gains, when markets returned from the Golden Week holiday.A gauge of Asian shares fell for a second session on Wednesday with stocks in Hong Kong falling more than 3%. US equity futures also slipped following a report that the US Justice Department was weighing a breakup of Google.Concerns in China have mounted that…

Facebook started off with relatively simple ad targeting, but things got interesting when they launched the like button in 2009.People started to like everything from their favorite dog memes to movies and local bars. Facebook soon saw dollar signs, realizing all those thumbs-ups could provide advertisers with granular targeting options.Now, Facebook’s parent Meta Platforms  (META)  plans to use AI advertising to fuel growth. “We’re leveraging AI to provide increased automation for advertisers,” said CFO Susan Li during the July earnings call.Meta has been updating its AI tool, Meta AI, to help advertisers create content more easily. The company recently announced that…

Ethereum staking continues to grow this year despite the emergence of spot exchange-traded funds (ETFs) and the digital asset’s price relative price weakness.On Oct. 8, blockchain analytics firm IntoTheBlock reported that Ethereum staking rose by 5.1% this year, with 28.89% of the total ETH supply now staked, up from 23.8% in January.Dune Analytics data estimates that there are currently around 37.79 million ETH staked, worth approximately $84.8 billion, contributed by over one million validators. IntoTheBlock also reports that 15.3% of this staked ETH has been locked for at least three years, reflecting strong investor confidence in Ethereum’s long-term potential.Ethereum Staking…