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Bitcoin staking protocol Babylon recently resumed additional BTC deposits and withdrew approximately $1.5 billion worth of its flagship cryptocurrency shortly after launch as investors rushed to stake their coins within an hour and a half. . According to data shared by the protocol on social media, over 23,000 BTC has been staked since Babylon resumed deposits, and according to the data dashboard, 25,000 stakers currently hold a total of 23,891.6 BTC on the protocol. are. 🎉 Cap 2 completed! 🎉Today, Babylon has reached an incredible milestone of staking approximately 23,000 Bitcoins on Cap 2.We would like to express our sincere…

Over a year ago, I started conducting weekly interviews with technology company executives to find out where technology is driving real change in housing and to stay on top of trends, especially artificial intelligence (AI). Open AI released the first version of ChatGPT on November 30, 2022. Mortgage and real estate companies began developing use cases in 2023. But what has happened over the past year, and especially the last six months, is incredible. AI is changing the mortgage and real estate landscape more than any technology before it. And that impacts everything within the organization, from staffing levels and…

TD Bank’s American arm reportedly plans to plead guilty to anti-money laundering failures. The Wall Street Journal (WSJ) reported late Wednesday (October 9) that the Toronto-based bank will pay about $3 billion in fines and agree to limits on its growth in the United States as part of a plea deal. It was reported. Under the plea agreement, the Office of the Comptroller of the Currency will impose an asset cap that would prevent TD’s retail operations from expanding beyond a certain level in the United States, people familiar with the matter told the Journal. In addition, the Justice Department…

U.S. stocks fell on Thursday after the latest consumer inflation data was higher than expected, raising expectations for the path of interest rates.The Dow Jones Industrial Average (^DJI) was down about 0.2%, and the S&P 500 (^GSPC) was down about 0.3%, but both hit new all-time highs. The Nasdaq Composite Index (^IXIC), which has a high proportion of tech stocks, also fell by 0.5%.U.S. government data showed consumer prices rose 0.2% last month, beating the 0.1% rise that Wall Street had expected. On an annualized basis, prices rose 2.4% versus the expected 2.3%. The index was more closely watched than…

The Kip Ninninger Scholarship Foundation (KNSF) will hold its annual charity golf tournament on Thursday. The tournament is a significant event that serves as one of the organization’s largest scholarship fundraisers of the year.This event honors the legacy of Christopher “Kip” Dowell Ninger, a talented 19-year-old state wrestling champion whose life was tragically ended in a car accident in 2021. Up to 30 teams are expected to participate in this memorable event. The tournament will tee off Thursday at 12:30 p.m. at Boattour Country Club in Troutville.The Kip Ninninger Scholarship Fund, established in 2021, is designed to honor Kip’s vibrant…

State Street Global Advisors (SSGA), the asset management arm of State Street, has released a report assessing the relative merits of tokenization for various asset classes. SSGA has $4.4 trillion in assets under management. The company is bullish on the concept of tokenization, noting that it can make markets “faster, cheaper, more transparent, and more accessible.” However, they argue that it will take time to reap the full benefits as it requires building an entire ecosystem. Its construction itself would address many of the current barriers. Other frictions, such as legal issues and bureaucracy such as the old land registry,…

Florida real estate insurance company faces bankruptcy due to Hurricane Milton | Insurance Business USA Reinsurance Florida property insurance company faces bankruptcy due to Hurricane Milton Successive storms could put insurance companies at risk of collapse reinsurance Written by Mav Rodriguez Florida’s property and casualty insurance market is in crisis following the devastating landfall of Hurricane Milton, which hit the state just weeks after Hurricane Helen. Milton ranks as one of the most powerful storms of the season, and its impact could lead to significant financial strain, especially for insurance companies focused solely on Florida, AM Best warns. are. Florida-only…

San Mateo County leaders are asking Gov. Gavin Newsom to intervene and declare a state of emergency over California’s home insurance crisis. The move follows other counties, including Shasta, Placer and San Bernardino, calling on the state to take action. The San Mateo County Board of Supervisors voted 4-0 to adopt a resolution calling for a state of emergency. District 3 Supervisor Ray Moeller is leading the effort, as his constituents, some of whom live in unincorporated areas, have been affected by rising costs and complete cancellation of home insurance policies. said. “Right now, with the increase in wildfires and…

Secure Choice program not scheduled to start until 2026 Minnesota small business owners may remember that in 2023, the state Legislature passed a new mandate called the Secure Choice Retirement Program (SCRP). The program requires all employers with five or more employees to either i) offer their employees their own employer-sponsored retirement plan or ii) a state-run retirement plan known as SCRP. requires automatic enrollment of employees. We are aware of the active efforts of large payroll management companies to encourage small business owners to participate in retirement plans. These marketing pitches falsely suggest that SCRP obligations begin on January…

Chinese investments in Mexico, widely seen as a convenient detour to avoid U.S.-imposed tariffs, could be six times the amount reflected in official data, it was announced Thursday. Estimates were made by a risk consulting firm in a report.Washington-based Rhodium Group has completed more than 700 foreign direct investment transactions from China to Latin American countries, with a cumulative value of US$13 billion. If both figures are accurate, they would obscure the official tally of the total investment stock, i.e. the cumulative level of direct investment.Chinese investment is mainly in the form of factories producing cars, electronics and consumer goods.…