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Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.As the Dogecoin (DOGE) founder Elon Musk continues to make headlines in the crypto world, driving the Dogecoin (DOGE) price up and down, investors are looking for more stable options, singling out Polkadot (DOT) and Collateral Network (COLT) as the best alternatives, with the latter in particular seeing forecasts of a 3500% price surge in the coming weeks.>>BUY COLT TOKENS NOW<<Collateral Network (COLT)Collateral Network (COLT) has been the talk of the town as it has become the first decentralized crowdlending platform for real-world assets, like fine art,…

1. New York Many New Yorkers would be surprised to see The Big Apple clinch the number one spot among North American cities (and the 13th globally), considering the delays and disruptions that have long-plagued the system and been exacerbated during the pandemic.In their analysis, The Oliver Wyman Forum gave the city credit for having “several major multimodal hubs” along with service that runs through the night. The analysis did note the need for upgrades and modernization in the New York City metro system, and federal funding has come through for some upgrades to various stations. However, the city is anticipating…

Elon Musk says Twitter is relying on Wikipedia to help decide which news outlets to label “government-funded media.” It recently labeled NPR “state-affiliated media,” a move Musk later said might have been wrong, before changing it to “government-funded media.” NPR gets less than 1% of its funding directly from the federal government. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Twitter relies on a Wikipedia page to help inform its decision on what news organizations’ accounts get labeled as “government-funded media.”Elon Musk told as…

The biggest victim of last month’s US banking crisis comes from an unlikely location: Sweden. The Scandinavian country’s largest pension fund Alecta fired its chief executive on Tuesday after a bet on niche US banks went spectacularly wrong, leading to $2bn in losses and a huge blow to its reputation in a nation where trust is foremost of all virtues.Alecta, consistently ranked Sweden’s best-performing pension fund, has pursued a strategy of concentrating its equity portfolio on a few, large investments — about 100 at the last count. But three of them were US lenders that collapsed last month or whose…

Former President Donald Trump raised a combined $18.8 million in the first quarter of 2023 through his joint fundraising committee and his campaign – and saw a spike in donations after being indicted by a Manhattan grand jury on March 30 – according to new figures provided by his campaign. The campaign told CNN it also raised $15.4 million in the two weeks after charges were filed against the former president, showing how much his supporters have rallied around Trump after learning of the indictment. The Trump campaign said the fundraising figures suggest his legal woes have benefited him both…

BlackRock reported first-quarter adjusted earnings Friday morning that beat expectations and net inflows that surprised on the upside, pushing the stock higher. Adjusted earnings were $7.93 a share in the first quarter, down 17% from a year ago but still beating estimates of $7.78. Total revenue was $4.2 billion, down 10% from a year ago. BlackRock shares (ticker: BLK) were up 3.2%, at $692.03, in recent trading. The S&P 500 was down 0.3%. Total assets under management (AUM) at the New York-based asset manager stood at $9.1 trillion, up modestly from the fourth quarter but still down 5% from a…

Wealth inequality in the United States is “more extreme and dangerous than income inequality” and could be alleviated by a federal wealth tax, a new report says. The nation’s billionaires are almost a third richer than they were at the beginning of the COVID-19 pandemic in 2020, according to new calculations by the global charity Oxfam, which published the report this week. The number of U.S. billionaires is almost 60% higher than it was a decade ago, reaching more than 700, Oxfam said. “The huge rise in pandemic wealth followed trillions of dollars being injected into financial markets to avert…

Federal Reserve officials, meeting days after the collapse of Silicon Valley Bank, agreed that the stress in the banking sector would slow U.S. economic growth, but were uncertain about how much, according to minutes of the meeting released Wednesday. The twelve voting members on the Fed’s interest-rate committee “agree that recent developments were likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring and inflation, but that the extend of these effects were uncertain,” the minutes said. Members also said they would continue to be “highly attentive” to inflation risks. Given their…

© Reuters. FILE PHOTO: Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. REUTERS/Aly Song (Reuters) -Billionaire Elon Musk is working on launching an artificial intelligence start-up that will rival ChatGPT-maker OpenAI, the Financial Times reported on Friday citing people familiar with his plans. Twitter-owner Musk is assembling a team of AI researchers and engineers, according to the FT report, and is also in discussions with some investors in SpaceX and Tesla (NASDAQ:) Inc about putting money into his new venture. Musk’s plan for the firm comes weeks after a group…