How Bitcoin-Backed Loans Are Creating A New Financial Symbiosis

We’ve all heard the boiling frog analogy: if you throw a frog into boiling hot water, it jumps out. However, if you put the frog in warm water and slowly raise the temperature, the poor amphibian would get cooked. In this analogy, those who hold dollars, i.e., me and you, are the frogs, and inflation is the temperature of the water. If inflation rises slowly, the purchasing power of our dollars goes away, and it’s hard for us to notice– but the fact remains, we are getting cooked. If inflation j...

Does digital ID have risks even if it’s ZK-wrapped?

The following is a guest post and opinion from Evin McMullen, Co-founder & CEO at Billions.Network.Zero-knowledge (ZK)-wrapped identity was lauded as a silver bullet to solve everything about presenting yourself online—providing verifiable, privacy-preserving proof of personhood without the need to trust governments, platforms, or biometric databases.But as Ethereum founder Vitalik Buterin argued in June, encryption alone can’t fix “architecture-level” coercion. When identity becomes rigid, cent...

A hate crime law was meant to protect against prejudice. It ended up sowing further division

A ferocious debate that has raged across social media, legal chambers, police stations and Scottish politics also played out on the streets of Edinburgh this weekend. Scotland’s Hate Crime and Public Order Act came into force last week, a contentious law that expands existing legislation to include transgender identity as a protected characteristic from hate crimes. “We must remember why this Bill is so necessary, every day in Scotland around 18 hate crimes are committed,” Scottish First Minis

Israeli director receives death threats after calling for ceasefire at Berlin film festival

Israeli journalist and film director Yuval Abraham said he is receiving death threats and has canceled his flight home from the Berlin International Film Festival amid backlash to an acceptance speech in which he decried the “situation of apartheid” and called for a ceasefire in Gaza. Abraham and his Palestinian co-director Basel Adra accepted the Best Documentary award for their film “No Other Land,” which chronicles evictions and demolitions of Palestinian homes in the occupied West Bank by I

UN warns of ‘full-scale civil war’ in Sudan after weekend airstrike kills dozens

The United Nations has warned that Sudan could be on the verge of all-out-war after a weekend airstrike killed dozens in a residential area in the Sudanese city of Omdurman. At least 22 people were killed and many injured in a shelling attack early Saturday, the country’s health ministry said, as months of infighting between Sudan’s rival military forces continue to rage on across the country. United Nations Secretary General Antonio Guterres said the weekend bombing was an indication that Sud

Greenpeace activists tried to block a Russian oil tanker heading to Norway | Business

Norwegian police arrested seven Greenpeace activists on Monday after they chained themselves to a Russian oil tanker to try to prevent it docking at a port in Norway operated by Exxon. The Ust Luga — loaded with Russian jet fuel worth $116 million — was on its way to Slagentangen port, about 53 miles south of the capital Oslo, when activists chained themselves to its anchor, Aud Hegli Nordø, a spokesperson for Greenpeace Nordic, told CNN. The Slagen oil terminal is owned by Esso, a subsidiary

COP26 ended with the Glasgow Climate Pact. Here's where it succeeded and failed

Nearly 200 countries adopted the Glasgow Climate Pact in Scotland on Saturday at talks known as COP26, after nearly two weeks of wrangling on everything from how much to limit global warming, what to say about fossil fuels and whether the worst-hit countries by the climate crisis should be compensated. Some are calling it a success, others a failure, and many say it’s something in between. Here’s what’s in it so you can decide for yourself. First ever mention of fossil fuels … with a lot of ca

English whisky? A spirits pioneer tries to survive the pandemic and Brexit

The native New Yorker founded Cotswolds Distillery six years ago after realizing the picturesque area of southern England had an abundance of barley, and tourists who might be looking for a local, premium beverage to sample while on vacation. "In the beginning, the local village was probably thinking who the hell is this Yank coming in and wanting to make whisky of all things?" Szor told CNN Business. But Szor was onto something. Despite being overshadowed by huge Scottish operations that pump