What’s in and what’s out for Ethereum’s Shanghai upgrade

Ethereum core developers have opted to prioritize the enabling of staking withdrawals via the Shanghai upgrade first before implementing The Surge-related Ethereum Improvement Proposal (EIP)-4884. As reported by Cointelegraph, the next key milestone on Ethereum’s roadmap is the Shanghai upgrade, which will enable withdrawals for ETH stakers/validators from the Beacon Chain — among other things. EIP-4884 … Read more

Commercial Lines ‘Stable’ With a Close Eye on Inflation

New You can now listen to Insurance Journal articles! As a whole, the outlook for the U.S. commercial lines segment continues to be stable, according to AM Best, but the industry rating agency had some warnings in its latest report. Rate changes at renewal remained strong, catastrophe losses have been lower, underlying underwriting results have … Read more

SEC calls on firms to disclose exposure to crypto bankruptcies and risks

The United States Securities and Exchange Commission (SEC) has issued new guidance that could see publicly traded companies disclose their exposure to crypto assets. In a statement released on Dec. 8, the SEC’s Division of Corporation Finance said that the recent upheaval in the crypto asset market has “caused widespread disruption” and noted that companies … Read more

FEC probe demanded after SBF ‘admitted’ to making dark money donations

A watchdog group has demanded an investigation into Sam Bankman-Fried’s political donations, claiming the former FTX CEO  “admitted” to donating tens of millions to Republicans under the table in violation of federal law. The Citizens for Responsibility and Ethics in Washington (CREW) filed the complaint with the Federal Election Commission (FEC) on Dec. 8, citing … Read more

Fannie and Freddie Agree to Accept Citizens-as-Backstop Plan

New You can now listen to Insurance Journal articles! It took more than four months, but Fannie Mae and Freddie Mac have now agreed to accept an innovative but temporary solution to Florida’s property insurer rating predicament. The mortgage-buying giants on Wednesday sent letters to primary mortgage lenders, notifying them that they had studied and … Read more

What Paul Krugman gets wrong about crypto

In mid-November, as crypto markets reeled in the aftermath of FTX’s meltdown, Nobel Prize-winning economist Paul Krugman made use of his New York Times column to disparage crypto assets — again. Despite his unquestionable academic credentials, Krugman reiterated a common misunderstanding in his attempt to understand crypto assets — by conflating Bitcoin (BTC) with other … Read more