These strips will change the way you sleep
These strips will change the way you sleep
(Bloomberg) -- Alexander Höptner was leading the Börse Stuttgart when he jumped at the chance to take a top job with BitMEX, a pioneering cryptocurrency exchange known for its high-risk offerings.Just a few months later, the people who hired him found themselves fugitives wanted by the U.S. government. Federal prosecutors in New York charged outspoken co-founder Arthur Hayes and other senior officers at the company with failing to deploy an adequate anti-money laundering operation at the derivatives trading platform. Hayes, along with fellow owners and co-founders, resigned from his day-to-day leadership duty at the exchange’s holding company.Now Höptner is tasked with steering BitMEX out of its biggest-ever crisis and transforming a renegade crypto startup into something much more staid. His goal: amend relationships with global regulators while also expanding businesses ranging from spot trading to brokerage and custody services.“I was coming from the regulated and classical world. I have a lot of touch points with the regulators already,” the 50-year-old said in his first sit-down interview since starting the CEO role in January. “Now I’m working on the crypto side and bringing the crypto side to the regulated world,” said Höptner, currently in Hong Kong while he considers a permanent base in Asia.See the Bloomberg Television interview here.He declined to comment on the criminal charges against the BitMEX co-founders, or on a parallel civil action by the U.S. Commodity Futures Trading Commission alleging BitMEX illegally allowed Americans to trade on the platform. Hayes, who was in Singapore, discussed surrendering to U.S. authorities in April, according to a court filing unveiled this week.Read more: BitMEX Founders Charged With Failing to Prevent LaunderingBack in his native Germany, Höptner helmed the Börse Stuttgart when it became the country’s first regulated trading venue for digital tokens in 2019, and before that spent over a decade with the rival Frankfurt Stock Exchange. It didn’t take him long to accept the BitMEX job offer, he said, because he had been contemplating a move into crypto derivatives on the global stage.“Alex wants to move faster in the crypto economy. He knows it’s not possible for him to do that in Stuttgart,” said Thomas Munz, a former board member at the German exchange who retired in October.Already, there are some changes in the company’s tone and policies. In January BitMEX said it had verified the identities, locations, and credentials of all of its customers, a program it kicked off in August. Corporate customers now represent about 60% of volume -- totaling $1 trillion over the past year -- as the exchange expands beyond its core following of risk-loving retail traders. On average, users apply single-digit leverage to multiply their bets, it said. That’s far from the highest leverage of 100 times the platform allows, which also gives the name to its holding company, 100x Group.Höptner says he’s engaging with regulators globally to get to the point where BitMEX can provide services on a regulated basis, and also work to help shape government oversight.“We are approaching regulators where we are currently present, but we will also reach out to regulators where we are not,” he said.Just as rivals like Binance are chipping away at BitMEX’s market share in derivatives, Höptner is preparing to expand BitMEX’s offering into spot trading and adjacent areas like brokerage and custody, handling transactions and assets for clients.“We have to very fast make up our mind how we want to approach these aspects and then see whether we could find a partner or whether we build something or buy something,” he said.He also has to contend with the memory of Hayes, a poster boy for the early, more freewheeling days of cryptocurrencies. The 34-year-old trader-turned-entrepreneur recently broke a silence maintained since the indictment in a blog post championing crypto’s rally and meme stocks like GameStop Corp.On stepping into the shoes of the iconic founder, Höptner said: “I’m not trying to be somebody else. I am who I am.”(Updates with CEO exploring a permanent base in the fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
A session is cancelled because of "potential threats" from a militia to storm the Congress building.
Campaign groups say half a million people will fall into poverty because of Rishi Sunak's benefit changes.
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2021) - BlockchainK2 Corp. (TSXV: BITK) (OTCQB: BIDCF) (FSE: KRL2) wholly owned subsidiary Amplify Games ("BlockchainK2" or the "Company") is pleased to announce that the Se7enSins http://www.se7ensins.com/ gaming community is joining the Amplify Alliance and will be part of the first gaming sites to launch on the Amplify storefront. Se7enSins is a community of over 1 million avid gamers and is excited to partner with ...
Governments pushing ahead with increased online services run the risk of alienating large numbers of their citizens due to concerns around data privacy, according to How can digital government connect citizens without leaving the disconnected behind? a new EY survey of 12,100 respondents across 12 countries. Conducted by Ipsos MORI, the survey further reveals a roadmap for governments attempting to deal with the increased digitization of services brought on by the COVID-19 pandemic.
GAME OF THE WEEKEND: No. 2 Michigan and Michigan State will meet twice in four days, Thursday and Sunday. The Wolverines are motivated to strengthen their case for a No. 1 seed in the NCAA Tournament. The Spartans have been in college basketball's showcase 22 times in a row and everyone in the program desperately wants to extend the streak.
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ANNOUNCEMENT NO. 56 - 4 MARCH 2021 Attached please find the full report as a PDF file as well as the full company announcement including Q4 2020 figures. Annual Report 2020 and Outlook 2021 Today, the Board of Directors approved the annual report for 2020. The full report in English is attached as PDF file and contains the following highlights: ResultsAdjusted result (“profit/loss for the period” adjusted for “profit from sale of vessels etc.”) for the year 2020: USD 106 million (2019: USD 23 million). Asset Management: USD 29 million (USD -3 million)Dry Operator: USD 59 million (USD 8 million)Tanker Operator: USD 18 million (USD 18 million) Asset Management: NORDEN has during 2020 adjusted the exposure from Tankers to Dry Cargo. Dry Operator: Outstanding result with record-high activity levels, underlining the unit’s ability to adapt its position and make use of volatile markets. Tanker Operator: Positive results in first half of 2020, while worst effects of second half 2020 were mitigated through active management of position. Guidance Following a very strong performance in 2020, NORDEN expects lower earnings in 2021 with an expected Adjusted Result for 2021 in the range of USD 20 to 60 million. NORDEN remains committed to returning cash to its shareholders through the Company’s dividend policy, paying out minimum 50% of the annual Adjusted Result. ”NORDEN delivered an outstanding performance in challenging and volatile markets, achieving an Adjusted Result of USD 106 million in 2020 – the best group result in 10 years. The result reflects the recent transformation of our business model and strategy to an asset-light platform based on trading opportunities, using data as an asset and strengthening our customer focus. The Board of Directors recommends a dividend payment of DKK 9 per share in line with our dividend policy of returning minimum 50% of the annual Adjusted Result to our shareholders.” CEO Jan Rindbo Conference call and audiocastA telephone conference as well as an audiocast will be held today at 10:30 a.m. (CET), where CEO Jan Rindbo and CFO Martin Badsted will comment on the annual report. Participants can join the audiocast to view and listen to the live presentation, while conference call participants have the ability to ask questions at the end of the call. The accompanying presentation will be available on NORDEN’s website prior to the conference call and audiocast. It is requested that all conference call participants have joined the call by latest 10:25 a.m. (CET): Danish participants: (+45) 3272 0417and international participants: UK: +44 (0) 2071 928338 or USA: +1 646 741 3167. Confirmation code: 5992705. The audiocast will be available on NORDEN’s website subsequently. Audiocast link: https://edge.media-server.com/mmc/p/r8s4vixq For further information: Thomas France, Investor Communications Partner, +45 3315 0451. Key figures and financial ratios Amounts in USD million20202019201820172016Income statement Revenue2,597.82,583.92,451.41,808.61,251.2Contribution margin435.6295.0132.3116.876.1EBITDA342.5217.572.568.130.6Profit and loss from sale of vessels, etc.-18.2-22.214.171.124-45.5Depreciation, amortisation and impairment losses-201.9-156.9-44.3-42.2-49.6EBIT119.456.839.423.3-64.5Financial items, net-26.7-32.7-6.9-0.9-12.2Profit/loss for the year86.019.228.824.6-45.6Adjusted results for the year 1105.722.820.028.4-34.6 Statement of financial position Total assets1,824.81,742.41,464.41,326.51,301.0Equity902.5859.0826.8834.4801.4Liabilities922.3883.4637.6492.1499.6Invested capital1,246.31,283.5970.2836.7753.8Net interest-bearing debts/assets-343.8-424.5-143.4-2.3-47.6Cash and securities331.6209.3188.6219.4263.9 Cash flows From operating activities396.0280.5-15.86.3-79.7From investing activities-45.1-90.9-78.4-0.2102.1- hereof investments in property, plant and equipment-27.1-102.7-202.7-75.4-36.8From financing activities-228.2-211.295.43.0-85.3 Environmental and social figures EEOI (gCO2/tonnes-mile) 126.96.36.199.89.0LTIF (million working hours) 188.8.131.52.60.9 Share-related key figures: No. of shares of DKK 1 each (including treasury shares)40,700,00042,200,00042,200,00042,200,00042,200,000No. of shares of DKK 1 each (excluding treasury shares)37,805,53339,311,53339,923,93340,467,61540,467,615No. of treasury shares2,894,4672,888,4672,276,0671,732,3851,732,385Earnings per share (EPS), DKK14344-8Diluted earnings per share (diluted EPS), DKK14344-8Dividend per share, DKK9.02.52.00.00.0Book value per share, DKK145146135128140Share price at year-end, per share DKK 1109.6106.792.4116.5110.5 Other key figures and financial ratios: EBITDA ratio13.2%8.4%3.0%3.8%2.4%ROIC9.4%5.0%4.4%2.9%-8.4%ROE9.8%2.3%3.5%3.0%-5.5%Payout ratio (excluding treasury shares) 465.3%76.6%41.7%0.0%0.0%Equity ratio49.5%49.3%56.5%62.9%61.6%Price/book value0.80.70.70.90.8Total no. of ship days153,195138,327122,85293,73879,060USD rate at year-end605.76667.59651.94620.77705.28Average USD rate653.43667.03631,74659.53673.27 Key figures for 2016-2018 are not restated to reflect IFRS 16. The ratios were computed in accordance with ”Recommendations and Financial Ratios” issued by the Danish Association of Financial Analysts. However, “Profit and loss from sale of vessels, etc.” is not included in EBITDA. Please see definitions in the section “Definitions of key figures and financial ratios”. The figures are adjusted for the Company’s holding of treasury shares. 1) “Adjusted result for the year” is computed as “Profit/loss for the period” adjusted for “Profit and loss from sale of vessels, etc.”, including adjustment from sale of vessels in joint ventures. 2) The Energy Efficiency Operational Indicator (EEOI) is a measurement of efficiency and is defined as the amount of CO2 emitted per tonne of cargo transported 1 mile. 3) Lost Time Injury Frequency (LTIF) is the frequency a seafarer is unable to work for more than 24 hours per 1 million working hours due to work-related injury. 4) The payout ratio was computed based on proposed dividends for the year, including extraordinary dividends paid during the year. Attachments No. 56 Annual report 2020 and outlook 2021 (1) Annual Report 2020 Key figures and ratios
Three Premier League clubs are on Erlig Haaland’s shortlist for a new home.
(Bloomberg) -- The head of the U.K.’s Debt Management Office is hardly batting an eye over the meltdown in U.S. Treasuries that sent shockwaves across global bond markets last week for one key reason: liquidity at home.Chief Executive Officer Robert Stheeman argues gilts are more insulated from the turmoil because of the market’s smaller size and network of primary dealers, or banks tasked with backstopping the market by buying and selling the securities even at times of unexpected volatility.“I think that will certainly help us cope with whatever the market decides to throws at us this year,” he said in an interview on Wednesday. “We’re not the world’s reserve currency, but we do have, without any doubt -- and I say this with a very high degree of confidence because I see the numbers -- a level of liquidity in gilts which frankly stands out.”Last week’s startling gyrations in U.S. Treasury yields sparked investor concern over liquidity in the world’s most important bond market, with reverberations felt across the globe through poorly-received government bond auctions and rising borrowing costs. And it poses a challenge to the DMO, which plans to sell more debt than expected next fiscal year.Read More: Bank of England Aligns With the Fed Over Rout in Bond MarketIn PerspectiveYet for all of the turmoil in recent weeks, U.K. 10-year yields, at 0.78% on Wednesday, remain around 15 basis points below their average going back to the Brexit referendum in June 2016.The 30-year yield premium over five-year counterparts has fallen from the highest level since 2018, back toward the range set in the final four months of last year. Recent bond auctions show that demand for gilt remains robust, with demand for five- and 10-year notes almost triple the amount on offer and the highest since May and October, respectively.“I’m not for a minute denying that it was a significant move over the last few weeks,” Stheeman said of the rise in gilt yields. “But one does need to look at the longer-term context of where yields are today on a historical basis.”No CrisisWhile several measures indicate more elevated funding stress and stretched liquidity in gilt markets, they are far from crisis-era levels.Bid-ask spreads for 10-year gilts have risen in the past two weeks, but are down from the end-February peak. Meanwhile, the premium between three-month sterling Libor and the overnight rate rose to almost four basis points, the highest since July. That’s well below the high set last March at 61 basis points.Heightening borrowing costs have caught the attention of U.K. politicians, with Chancellor Rishi Sunak warning that rates may rise. Yet while the national debt has risen past a record 2 trillion pounds ($2.8 trillion), historically low interest rates means the cost of servicing it is low.Green PlansThe U.K. will likely take advantage of cheaper borrowing costs when it issues its first green debt, Stheeman said. Britain plans to issue green gilts twice in 2021 as it looks to build out a green bond curve, the DMO said in a statement Wednesday, with a minimum issuance of 15 billion pounds.Britain will be a relatively late entrant to the green bond market, which surpassed a record $1 trillion in issuance last year. The Treasury and DMO are working on the technical aspects of the instruments, Stheeman said, and looking at questions such as whether the country will create its own green bond standards similar to those in development from the European Union.There is some evidence that governments that borrow using green debt can save money, as demand drives up prices and pushes down yields. With the Treasury committed to reducing Britain’s debt levels, green gilts could provide slightly cheaper financing by tapping a rush of pent-up demand from specialist funds.“Right now, the chances of us also doing something which could be extremely attractive from a cost effectiveness perspective are certainly rising,” Stheeman said.(Adds context in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
New Zealand police said on Thursday they have arrested two people following a threat made against the mosques that were the scene of mass murder by a white supremacist nearly two years ago. Police said an online threat was made earlier this week against the Al Noor mosque and the Linwood Islamic Centre, which were targeted in New Zealand's most deadly shooting in 2019. No information about the nature of the threat was supplied and neither suspect has been named.
It took Sheila Ford Hamp about one second to respond when asked about the potential for women in key roles in the NFL. “The sky is the limit for anything females want to do,” said Hamp, the principal owner of the Detroit Lions.
TikTok owner ByteDance is working on a Clubhouse-like app for China, sources familiar with the matter said, as the global success of the U.S.-based audio chat service inspires a rush of copycats in the country. At least a dozen similar apps have been launched in the past month, with momentum picking up after Clubhouse was blocked in China in early February. Clubhouse had seen a surge in users who participated in discussions on sensitive topics such as Xinjiang detention camps and Hong Kong independence.
For every three-point field made in both the men's and women's basketball tournaments, Pacific Premier Bank will be donating $100 to organizations focused on social injustice. After round one of the 2021 Pac-12 Women's Basketball Tournament, teams have made a total of 54 threes ($5,400).
‘There’s a lot that’s been lost already’ Meghan says, when asked about potential falling out
The number of employees in Germany on reduced hours as part of pandemic-related short-time work schemes rose to 2.8 million in February from 2.7 million in the previous month, the Ifo economic institute said on Thursday. This represented 8.5% of overall employees after 8.1% in January, the Ifo institute said, adding that the estimate was based on replies from its monthly business sentiment survey. "The picture is divided: while short-time increased, especially in hospitality and retailing, it is going down in manufacturing," Ifo labour market expert Sebastian Link said.
When six-year-old Ainara Fuertes was in pain with an ear infection late last year, her parents wanted to take her to an emergency room at their local public hospital in the Madrid suburb of Valdeolmos-Alalpardo. Ainara has since recovered, but her parents Diana and Javier decided, like hundreds of thousands of people across western Europe, to sign up for private health insurance to complement state coverage. In Spain alone, almost 470,000 people signed up to health policies last year, a 47% increase from 2019.