Author: GT

MANALAPAN, Fla. (AP) — The NHL has launched a front office app that modernizes the league’s roster, contract and salary cap information.The league worked with SAP to develop an app for Apple iPads that streamlines Central Registry data, cap and long-term injury status and no-trade and no-move clauses and lays it all out for general managers and league executives to access at their fingertips for the first time. Announced Thursday, GMs have been trying it out since late December.“Instead of traveling with a booklet of heavy — it looks like a magazine or a Bible, almost — having everything in…

A 40 times high-stakes Bitcoin trader has reemerged with a new $27.5 million bet in favor of shorts against BTC, placing a liquidation price of $85,545. The recent position follows the same trader’s earlier closing of a massive short just before the FOMC meeting, suggesting a more aggressive stance as the market demonstrates increased volatility. Whale goes 40x long on Bitcoin with a $44.2 million position, liquidating at $83,393. Source: Crypto_goos Bitcoin, close to $84,000 after 4% in the green, fell as the Federal Reserve kept interest rates steady at 4.25%- 4.5% while reiterating text on two cuts in 2025.…

View of the Peace Monument sculpture in front of the Petroleos de Venezuela (PDVSA) headquarters in Caracas, on December 2, 2022.Miguel Zambrano | Afp | Getty ImagesPresident Donald Trump is considering extending Chevron’s license to pump oil in Venezuela, people familiar with the matter told The Wall Street Journal.Trump said in late February that he would reverse a Biden administration decision that allowed Chevron to restart production in Venezuela. The Treasury Department gave Chevron until April 3 to wind down its operations.But the president was open to extending the license during a meeting with Chevron CEO Mike Wirth and other…

Nvidia’s GTC conference kicked off with a series of announcements highlighting its role in advancing autonomous driving technology. The chipmaker provides automakers and autonomous vehicle companies with a handful of Nvidia-branded tools to help power self-driving cars and create digital twins of factories. On Tuesday, companies including Torc, Gatik, and even General Motors announced plans to use Nvidia products for vehicle production, from warehouse robotics to automated driving.  To avoid any confusion among the slew of brand names Nvidia has bestowed upon its hardware and software tools, here’s a quick glossary of terms: Drive AGX: Nvidia’s in-vehicle supercomputer that processes…

BANGKOK (AP) — The price of XRP (XRP-USD) jumped more than 6% Thursday after the CEO of cryptocurrency company Ripple said U.S. regulators have dropped its four-year-old case against the company. The Securities and Exchange Commission sued Ripple and two of its executives in late 2020 after they raised $1.4 billion by selling XRP crypto coins. The SEC under the Biden administration held that digital assets like cryptocurrences should be regulated like securities, such as stocks, and should be considered commodities like gold or oil. Securities generally face stricter regulations. The Trump administration is easing those rules. CEO Brad Garlinghouse…

Ribbit Capital, a venture firm known for its fintech investments, is raising $500 million for a new fund, a filing with the U.S. Securities and Exchange Commission (SEC) revealed on Wednesday. The new capital appears to be a part of the Palo Alto-based venture firm’s latest flagship fund, titled Ribbit Capital Y, the SEC filing suggests. In 2023, Ribbit Capital raised $800 million, reportedly for its tenth flagship fund, Ribbit Capital X. The venture firm has invested in (and exited) some of the world’s biggest fintech startups, including Nubank, Affirm, and Robinhood. In addition to backing North American startups, the…

A federal judge Tuesday found the Environmental Protection Agency (EPA) acted in an “arbitrary and capricious” manner when terminating contracts with three nonprofits. The judge issued a temporary restraining order that requires the EPA and Citibank to give nonprofits access to funds in their accounts. The restraining order is the latest development in a lawsuit brought by three nonprofits that were recipients of grants from the Greenhouse Gas Reduction Fund, a part of the Inflation Reduction Act signed into law in 2022. The EPA asked Citibank to freeze the accounts over alleged concerns about waste, fraud, and conflicts of interest.…

Over the long term, the cryptocurrency industry has steadily accumulated value, but it has been a wild ride. With the prices of Bitcoin (CRYPTO: BTC) already down by 22% from their all-time high of $109,358 (reached on Trump’s inauguration day, Jan. 20), buying these assets at the wrong time could expose your portfolio to tremendous volatility. Let’s explore what the rest of the year might have in store. Bitcoin’s latest rally is demonstrably linked to the Trump Administration. Despite falling sharply from all-time highs, prices for the digital currency are still up by more than double since President Trump’s election…

Telegram founder Pavel Durov said today that the service now has more than 1 billion active users. This number is up from last year’s reported 950 million monthly active users. Durov also noted that the company registered $547 million in profits last year. He had announced the company’s profitability in December but hadn’t provided any numbers at that time. The founder, who recently returned to Dubai after clearance from France, also took a jab at Meta-owned rival WhatsApp and called it a cheap imitation. “Ahead of us stands WhatsApp — a cheap, watered-down imitation of Telegram. For years, they’ve desperately…

As the April tax deadline approaches for more than 340 million Americans, crypto taxes are once again in the spotlight. But what’s different this year? Starting this year, the Internal Revenue Service (IRS) will require brokers — such as crypto exchanges, hosted wallet providers, and payment processors who handle crypto transactions — to report them on Form 1099-DA, a new form specifically for digital asset transactions. Kell Canty, CEO of Ledgible, tells TheStreet Crypto: “Starting for calendar year 2025, brokers must issue a 1099-DA with gross proceeds on sales of digital assets to go out in early 2026. This is…