Author: apiuser apiuser

Iran warned that United States President Donald Trump’s threat to destroy Tehran’s nuclear facilities is a “clear red line,” stressing that crossing it would have “severe consequences,” Fars News reported on Friday, citing an anonymous official.

“The Islamic Republic of Iran has always shown that it will not surrender to bullying. If the US is seeking a diplomatic solution, it must distance itself from the language of threats and sanctions and adhere to its international obligations,” the official allegedly said.

Trump has repeatedly warned that the US could launch airstrikes targeting Iran’s nuclear sites if the deal between the two countries isn’t reached.

NN: We are approaching a critical phase. This could trigger a nuclear exchange

 

Several major United States banks are discussing the launch of a joint stablecoin, a type of digital currency meant to maintain a fixed value, The Wall Street Journal reported, citing people familiar with the matter.

The talks involve JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. along with companies they co-own such as Early Warning Services LLC, which operates Zelle, and The Clearing House Payments Co. LLC, which runs a real-time payments network. The proposed stablecoin aims to speed up payments, especially for cross-border transactions and help banks “compete with the crypto industry.” The effort reportedly remains in early stages and may shift depending on demand and regulation.

NN: This is a big mistake

Coinbase Global said it’s working with law enforcement to track down an unknown “threat actor” that paid its contractors working in support roles for the company outside the U.S. to obtain personal information of its customer base. Coinbase did not say how many of its clients were affected, but it had already informed them about the breach after it detected it months ago and fired the contractors involved. Coinbase said customer passwords and private keys were protected by its systems, and “at no time were any of the targeted contractors or employees able to access customer funds.” However, the affected data included names, home and email addresses, phone numbers, the last four digits of Social Security numbers, masked bank-account numbers and some bank-account identifiers. The breach also included government-ID images such as passports and driver’s licenses, account data such as balance snapshots and transaction history and limited Coinbase corporate data such as documents, training materials and communications to support agents. Coinbase said it plans to open a new support hub in the U.S. as well as take other prevention measures. It estimated expenses of $180 million to $400 million for remediation costs and voluntary customer reimbursements related to the problem, and said the dollar figure could change as it assesses the impact. It did not say if the cost estimates include the price of launching a U.S. service center. “The threat actor appears to have obtained this information by paying multiple contractors or employees working in support roles outside the United States to collect information from internal Coinbase systems to which they had access in order to perform their job responsibilities,” the company said. Coinbase said it has already terminated the personnel involved and “implemented heightened fraud-monitoring protections” in previous months after its security monitoring detected the trouble.

 

China said it would “fight to the end” and take countermeasures to “safeguard its own rights and interests” after United States President Donald Trump escalated his tariff threats against the Asian nation.

The statement came after Trump said on Monday that he would impose an additional 50% tariff on China, effective Wednesday, if Beijing doesn’t withdraw its 34% retaliatory tariff on US goods. “The US’ threat to escalate tariffs on China is a mistake on top of a mistake, which once again exposes the US’ blackmail nature,” China’s Commerce Ministry said.

“China will never accept this. If the US insists on its own way, China will fight to the end,” the ministry stressed.

nickguarino.com

Trump calls this medicine temporary in nature. I call this a bear market and the start of a great depression

nickguarino.com

As you know we have been Shorting the shit out of this latest mania

Major cryptocurrencies experienced declines on Friday, with Bitcoin sliding under $84,000, as market participants reacted to an unexpectedly strong inflation gauge reading alongside concerns over the recent trade measures announced by US President Donald Trump. The core Personal Consumption Expenditures Price Index (PCE) increased by 0.4% during February, recording its biggest monthly gain in more than a year, according to U.S. Commerce Department data released Friday. Analysts had projected a 0.3% rise. Bitcoin slumped 3.73%, selling for $83,977 at 11:10 am ET. Ethereum plummeted 5.90%, selling for $1,884 a minute later.

The price of Bitcoin fell 3.5% on Thursday and continued its downward trajectory from earlier this week despite United States President Donald Trump’s call for the US to become the “undisputed Bitcoin superpower.”

Investors remained focused on the impact of Trump’s tariffs on the economy and the renewed tensions in the Middle East.

Bitcoin slumped 3.55% at 12:47 pm ET and sold for $83,811.210, while Ethereum sank 5.01% at the same minute to sell for $1,954.4662.

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