tyb
tyb and morning
morning B
the whole dbase.
wow someone didn't say " well it's still there either way"
Monumental 'tardness
Goodbye Elon, Hello Steve Cohen: Point72 To "Get Big" In Crypto
On Wednesday afternoon, the world's 2nd richest man, Elon Musk, infuriated over 21 million bitcoin faithful (that's how many Americans are said to own the cryptocurrency) with his faux ESG concerns when he stunned everyone when he announced that he was shocked, shocked to learn that bitcoin mining uses electricity (just what do you think all those Teslas run on, Elon) and won't accept it any more as payment, bitcoin tumbled as much as 10% overnight, sliding from a high of $55K to as low as $47 before rebounding, dragging the entire cryptocurrency space with it and TSLA stock too.
But with Elon out - and good riddance to that primadona - a far more reputable financial presence appears set to fill his place. The Block Crypto reports that , Steve Cohen's Point72 is set to make a "sizable entrance" into the crypto market, according to several people familiar with the firm's business.
The $17BN+ Point72 is said to be taking a very holistic approach to the $2 trillion crypto market, "investing from both its venture capital arm, Point72 Ventures, and deploying long/short strategies on the hedge fund side." The fund is among several large investment firms currently eyeing the market, and follows in the footsteps of Eric Peters' One River Asset Management which last December became one of the first major institutions to announce a major allocation to bitcoin, when it revealed it had invested $600MM in bitcoin and ether, an investment that has returned multiples since then.
As for Point72, the firm is poised to "get big in crypto," according to one source who spoke with Cohen. Another source corroborated that view, noting the firm is trying to bring on the right talent.
Another hedge fund, Izzy Englander's $50BN multi-strat, pod-based Millennium, has been dabbling in the crypto market via exposure from Grayscale's Bitcoin Trust, according to TheStreet. We also reported previously that Ray Dalio's Bridgewater, the world's biggest hedge fund, has also warmed up to the market, although it has yet to unveil its allocation into crypto on behalf of its clients.
Point72 recently raised $1.5 billion after suffering losses from its stake in Melvin Capital, which found itself on the losing end of the surge in GameStop. At the time, Business Insider reported the new capital would help the firm "take advantage of new opportunities in the market."
https://www.zerohedge.com/markets/goodbye-elon-hello-steve-cohen-point72-get-big-crypto
Colonial Pipeline paid hackers nearly US$5M in ransom
Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two people familiar with the transaction. The company paid the hefty ransom in untraceable cryptocurrency within hours after the attack, underscoring the immense pressure faced by the Georgia-based operator to get gasoline and jet fuel flowing again to major cities along the Eastern Seaboard, those people said.Once they received the payment, the hackers provided the operator with a decrypting tool to restore its disabled computer network. The tool was so slow that the company continued using its own backups to help restore the system, one of the people familiar with the company’s efforts said.
A representative from Colonial declined to comment.
The hackers, which the FBI said are linked to a group called DarkSide, specialize in digital extortion and are believed to be located in Russia or Eastern Europe.On Wednesday, media outlets including the Washington Post and Reuters reported that the company had no immediate intention of paying the ransom. Those reports were based on anonymous sources.
Ransomware is a type of malware that locks up a victim’s files, which the attackers promise to unlock for a payment. More recently, some ransomware groups have also stolen victims’ data and threatened to release it unless paid -- a kind of double extortion.
The FBI discourages organizations from paying ransom to hackers, saying there is no guarantee they will follow through on promises to unlock files. It also provides incentive to other would-be hackers, the agency says. Such guidance provides a quandary for victims who have to weigh the risks of not paying with the costs of lost or exposed records.
A report released last month by a ransomware task force said the amount paid by ransomware victims increased by 311% in 2020, reaching about $350 million in cryptocurrency. The average ransom paid by organizations in 2020 was $312,493, according to report.
Colonial, which operates the largest fuel pipeline in the U.S., became aware of the hack around May 7 and shut down its operations, which led to fuel shortages and lines at gas stations along the East Coast.
https://www.bnnbloomberg.ca/colonial-pipeline-paid-hackers-nearly-us-5m-in-ransom-1.1603285
"untraceable cryptocurrency"
same fuggen people as the dbase tards?
If they had another down day then the same shit that habbened with Archegos would have started up again.
So I guess we are back to the "inflation is transitory" mantra
Hilarious
Massive blaze breaks out at Brooklyn power plant: FDNY
A massive blaze broke out on the roof of a Brooklyn power plant Thursday morning, according to FDNY officials.
The fire began at the commercial building at 2701 West 6th Street at 9:17 a.m. and quickly grew to a second alarm — drawing 25 units, with 100 FDNY personnel, to the scene. Video posted to Citizen shows a large, billowing dark cloud of smoke rising from the roof.
No injuries were immediately reported, and firefighters were still battling the blaze by around 10 a.m.
https://nypost.com/2021/05/13/massive-blaze-breaks-out-at-brooklyn-power-plant-fdny/
GTMO845 US Navy Beech Huron heading for San Juan, PR from Gitmo
chek't
Myanmar coup latest: Junta sells off scarce dollars as kyat crashes
Thursday, May 13
10:15 p.m. Even as Japanese journalist Yuki Kitazumi is set to be released from detention, another local reporter faces imprisonment. A Myanmar court has sentenced Min Nyo, a reporter of independent broadcaster Democratic Voice of Burma, to three years in prison, Kyodo reports, citing his employer. Min Nyo was arrested on March 3 while covering an anti-coup demonstration in the central Bago region and was charged with inciting social unrest, Kyodo reports.
9:00 p.m. Myanmar authorities will drop the charges against detained Japanese reporter Yuki Kitazumi, who was arrested last month on suspicion of spreading false information, state television reports. State TV says that while Kitazumi "violated laws," he will be released in light of the friendship between Myanmar and Japan and the interest of their future relations. Kitazumi's release follows a request made by a special envoy of Japan for national reconciliation in Myanmar, the broadcaster says. Kitazumi was found to have supported the Civil Disobedience Movement and violated visa rules, according to the news report. The former Nikkei reporter has worked as a Myanmar-based freelance journalist and runs a video production company.
5:00 p.m. By Thursday night, the kyat reference rate had fallen by 6.7% against the dollar in a week, despite the central bank intervention.
3:30 p.m. The Central Bank of Myanmar announces that it has auctioned off another $6 million at an average exchange rate of 1,669.5 kyats on the dollar -- 30 kyats below a similar sell-off on Wednesday and one of the lowest rates in history.
11:30 a.m. The senior imam in Myanmar's Muslim community requests devotees not to celebrate Eid at the end of the fasting month of Ramadan in the normal way by wearing new clothes, socialising and going out. The imam pointed to similar self-imposed restraints applied by Buddhists during Thingyan, the normally exuberant water festival in April marking the lunar new year. The gestures are part of the civil disobedience movement against the State Administration Council, the ruling junta.
12:30 a.m. United Nations experts urge global businesses to press Myanmar's military to stop human rights abuses. "Because the risk of gross human rights violations has greatly increased in Myanmar, action by States and human rights due diligence by business, and investors, should be rapidly and proportionately heightened," Surya Deva, vice chair of the Working Group on Business and Human Rights, says in a statement. Tom Andrews, the U.N. special rapporteur on human rights in Myanmar, echoes this call. "The revenues that the military earns from domestic and foreign businesses substantially enhances its ability and capacity to carry out these grave violations," Andrews says.
https://asia.nikkei.com/Spotlight/Myanmar-Coup/Myanmar-coup-latest-Junta-sells-off-scarce-dollars-as-kyat-crashes