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STAMFORD, Conn., Dec. 05, 2024 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the Designed for Life home and technology brand, today announced that it will release its financial results for the third quarter of fiscal 2025 before market open on Thursday, December 12, 2024. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 877-407-3982 (international callers please dial 201-493-6780) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at investor.lovesac.com. A recorded replay of the conference call will be available within two hours of the conclusion of the call and can be accessed online at investor.lovesac.com for 90 days. About The Lovesac Company Based in Stamford, Connecticut, The Lovesac Company (NASDAQ: LOVE) is a technology driven company that designs, manufactures and sells unique, high-quality furniture derived through its proprietary Designed for Life approach which results in products that are built to last a lifetime and designed to evolve as customers' lives do. The current product offering is comprised of modular couches called Sactionals, premium foam beanbag chairs called Sacs, the Sactionals StealthTech Sound + Charge System, and the most recently launched PillowSacTM Accent Chair. As a recipient of Repreve's 7th Annual Champions of Sustainability Award, responsible production and innovation are at the center of the brand's design philosophy with products protected by a robust portfolio of utility patents. Products are marketed and sold primarily online directly at www.lovesac.com, supported by direct-to-consumer touch points in the form of our own showrooms, as well as through shop-in-shops and pop-up-shops with third party retailers. LOVESAC, DESIGNED FOR LIFE, SACTIONALS, SAC, SEAT, and STEALTHTECH are trademarks of The Lovesac Company and are Registered in the U.S. Patent and Trademark Office. Investor Relations Contacts: Caitlin Churchill, ICR (203) 682-8200 InvestorRelations@lovesac.comB. Metzler seel. Sohn & Co. Holding AG Invests $1.71 Million in HubSpot, Inc. (NYSE:HUBS)
LAS VEGAS , Dec. 12, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner ® ("CleanSpark" or the "Company"), today announced that it intends to offer, subject to market conditions and other factors, $550 million aggregate principal amount of convertible senior notes due 2030 (the "Convertible Notes") to the initial purchasers for resale in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). CleanSpark also expects to grant the initial purchasers of the Convertible Notes an option to purchase, within a 13-day period beginning on, and including the date on which the Convertible Notes are first issued, up to an additional $100 million aggregate principal amount of the Convertible Notes. The offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the offering may be completed. The Company intends to use the net proceeds from the offering to pay the cost of the capped call transactions (as described below), to use up to $125 million of the net proceeds to repurchase shares of the Company's common stock (the "common stock") from investors in the Convertible Notes, and the remaining net proceeds for the repayment in full of amounts outstanding under Company's line of credit with Coinbase , capital expenditures, acquisitions and general corporate purposes. The Convertible Notes will be senior unsecured obligations of the Company. The Convertible Notes will not bear regular interest, and the principal amount of the Convertible Notes will not accrete. The Convertible Notes will mature on June 15, 2030 , unless earlier repurchased, redeemed or converted in accordance with their terms. Prior to December 15, 2029 , the Convertible Notes will be convertible only upon satisfaction of certain conditions and during certain periods, and thereafter, the Convertible Notes will be convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The Convertible Notes will be convertible into cash, shares of the common stock or a combination of cash and shares of the common stock, at the Company's election. The initial conversion rate and other terms of the Convertible Notes will be determined at the time of pricing in negotiations with the initial purchasers of the Convertible Notes. In connection with the pricing of the Convertible Notes, the Company expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers of the Convertible Notes and/or other financial institutions (the "option counterparties"). If the initial purchasers of the Convertible Notes exercise their option to purchase additional Convertible Notes, the Company expects to use a portion of the net proceeds from the sale of the additional Convertible Notes to enter into additional capped call transactions with the option counterparties. The capped call transactions are expected generally to reduce potential dilution to the common stock upon conversion of any Convertible Notes and/or offset any cash payments the Company is required to make in excess of the principal amount of converted Convertible Notes, as the case may be, with such reduction and/or offset subject to a cap. In connection with establishing their initial hedges of the capped call transactions, the Company expects the option counterparties or their respective affiliates to purchase shares of the common stock and/or enter into various derivative transactions with respect to the common stock concurrently with, or shortly after, the pricing of the Convertible Notes. This activity could increase (or reduce the size of any decrease in) the market price of the common stock or the Convertible Notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to the common stock and/or purchasing or selling shares of the common stock or other securities of the Company in secondary market transactions following the pricing of the Convertible Notes and prior to the maturity of the Convertible Notes (and are likely to do so on each exercise date for the capped call transactions or following any termination of any portion of the capped call transactions in connection with any repurchase, redemption or early conversion of the Convertible Notes). This activity could also cause or avoid an increase or decrease in the market price of the common stock or the Convertible Notes, which could affect holders of the Convertible Notes' ability to convert the Convertible Notes and, to the extent the activity occurs following conversion of the Convertible Notes or during any observation period related to a conversion of the Convertible Notes, it could affect the amount and value of the consideration that holders of the Convertible Notes will receive upon conversion of such Convertible Notes. The Company also expects to repurchase shares of its common stock from certain of the investors in the Convertible Notes in privately negotiated transactions effected concurrently with the pricing of the Convertible Notes, and the Company expects the purchase price per share of the common stock repurchased in such transactions to equal the closing price per share of the common stock on the date the offering of the Convertible Notes is priced. The Convertible Notes and any shares of common stock issuable upon conversion of the Convertible Notes, if any, have not been registered under the Securities Act or securities laws of any other jurisdiction, and the Convertible Notes and such shares of common stock may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and any applicable state securities laws. The Convertible Notes will be offered by the initial purchasers only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act. This press release shall not constitute an offer to sell, or a solicitation of an offer to buy the Convertible Notes, nor shall there be any sale of the Convertible Notes or common stock in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About CleanSpark CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner ® , is a market-leading, pure play Bitcoin miner with a proven track record of success. We own and operate a portfolio of mining facilities across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin , energy, operational excellence and capital stewardship, we optimize our mining facilities to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by securing the most important finite, global asset – Bitcoin – positions us to prosper in an ever-changing world. Visit our website at www.cleanspark.com . Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts, such as statements concerning the proposed terms of the Convertible Notes, the capped call transactions and the proposed share repurchases, the completion, timing and size of the proposed offering of the Convertible Notes, the capped call transactions, and the anticipated uses of proceeds from the proposed offering (including the capped call transactions and proposed share repurchases). All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as "plan," "believe," "goal," "target," "aim," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would," "will" and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of CleanSpark's management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others, the risk that the Company may not be able to consummate the Convertible Notes transaction, the capped call transactions or the share repurchase on satisfactory conditions or at all, and other risks described in the Company's filings with the Securities and Exchange Commission (the "SEC"), including under the heading "Risk Factors" in those filings, and other risks it may identify from time to time. Forward-looking statements contained herein are made only as to the date hereof, and the Company assumes no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as expressly required by applicable law. Investors: Harry Sudock , SVP 702-989-7693 ir@cleanspark.com Media: Eleni Stylianou 702-989-7694 pr@cleanspark.com View original content to download multimedia: https://www.prnewswire.com/news-releases/cleanspark-inc-announces-proposed-private-offering-of-550-million-of-convertible-notes-302330757.html SOURCE CleanSpark, Inc.Returning to the office a few days a week is worth the commute, experts say
What the hell do the experts have to say? Kylie Kelce, who is expecting her fourth daughter with husband Jason Kelce, recently revealed that the couple is “not going to stop” cursing in front of their young kids. The WAG made the controversial statement on Monday when she announced she will be hosting a new podcast called “Not Gonna Lie.” She plans to use the platform to share her “brutally honest opinions” on motherhood, including swearing in front of your children. “I’m not going to stop cursing in front of my kids. My kids hear the F-word on a daily basis,” she confessed in the clip. “They know that it’s, quote, a ‘grown-up word,’” she added. Cursing when children’s precious ears and malleable brains are near is such a sensitive topic that it’s actually illegal in some situations. Although the U.S. Supreme Court has struck down such bans on public profanity, the federal government protects children from exposure to swearing by censoring language in the media. Some local governments even go so far as to consider cursing in front of youngsters a misdemeanor punishable by up to six months of jail time and/or a fine of up to $1,000. While Kelce’s admission may have shocked some, she’s not alone. A Care.com survey showed that although 93% of moms and dads make an effort not to curse in front of their kids, eight out of 10 admitted to messing up, parenting site MetroKids reported . But you can put your parental guilt on pause: there is little evidence that hearing or using profanity is harmful to children. “There’s no proof that exposure to ordinary profanity — four-letter words — causes any sort of direct harm: no increased aggression, stunted vocabulary, numbed emotions or anything else,” Benjamin K. Bergen, a professor of cognitive science at the University of California at San Diego, wrote in the Los Angeles Times. “All the worries about parents swearing around their kids are ill-founded,” the author of “ What the F: What Swearing Reveals About Our Language, Our Brains, and Ourselves ,” insisted after researching the issue. His work, which is commonly referenced and agreed with by other experts, claims that obscenities that aren’t used aggressively won’t be detrimental to children. Some research has even found that cursing can be cathartic, correlated with a person having a good vocabulary, and can cause people to be looked upon in a positive light. But words do matter. Why the expletives are being used and to whom they’re directed are important factors to consider. “When swearing involves slanderous statements and slurs about social and racial groups, for example, it can have a negative impact,” Janice Ebenstiner, a child and family therapist, told Parents Canada . A study published in The Journal of Early Adolescence found a correlation between children who were exposed to abusive homophobic slurs and increased stress, anxiety, depression and a decreased sense of belonging. Swearing at children is also never OK. Although more research is needed to defend the widely held belief, most experts agree that purposefully cursing at a child to reprimand, scare or demean them is abusive. “Social science says a word in and of itself does not cause harm, if you’re yelling at your children with these words and calling them names, you need to question if there is emotional mistreatment going on,” Caroline Clauss-Ehlers, PhD, psychologist and associate professor at Rutgers University’s Graduate School of Education, told MetroKids. But it seems that casually dropping an F-bomb while your children are in earshot isn’t detrimental. Many parents’ main concern is whether or not their children will repeat what they hear, but experts claim their reactions could vary and depend on their age. Some may be deterred from swearing — “If your parents do it, it’s not cool to do it,” Bergen said. But others, especially those just learning to speak, may become foul-mouthed mimickers. If that becomes the case, experts advise playing it cool. “Just give the curse word zero attention,” Kristin Gallant, of the toddler parent coaching resource Big Little Feelings, told Yahoo. “When you don’t give it any attention, it’s not ‘fun’ for your toddler, so they won’t give it any attention either. “Giving no reaction means your toddler’s brain won’t be triggered to think, ‘When I say this, Mommy/Daddy pays attention to me!’ And if they don’t think the behavior will trigger your attention, they’re way less likely to do it.”
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Kolkata: Senior West Bengal minister Firhad Hakim on Sunday said that the Centre should be held responsible for unabated illegal migration from Bangladesh. His assertion came in the wake of the BJP attacking the West Bengal government following the arrest of suspected Ansar-al-Islam Bangladesh members who were allegedly trying to spread the terror outfit's network in the eastern state. He was asked about reports that two of the eight arrested terrorists were working to set up a sleeper cell in Murshidabad district and one of them, a Bangladeshi national, had even procured fake identity card and passport to carry on subversive activities. "The onus lies with the Union Home Ministry which is helmed by Amit Shah . Why is he not taking steps to strengthen security along the Bangladesh border? Why is the Border Security Force not succeeding to stop infiltration of Bangladeshi nationals? "We have been repeatedly asking the Centre to step up border surveillance but it seems Shah is more busy belittling B R Ambedkar and flaunting his anti-Dalit mindset than stopping infiltration by forces that are a threat to the security of the country," Hakim told reporters on the sidelines of an event. Hakim was alluding to certain comments made by Shah in Parliament early this week which triggered a massive row and countrywide protests by opposition parties, including Congress and TMC, against Shah and the BJP. 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"We have zero tolerance for any subversive activity and illegal immigration. But the Centre should do its job," he said. BJP's IT cell in-charge Amit Malviya said in a post on X, "Illegal infiltrators obtaining voting rights have become a significant part of the TMC's voter base, enabling their continued grip on power. Immediate and decisive action is essential to address this grave threat to democracy and national security." Claiming that West Bengal urgently needs a thorough revision and cleanup of its voter list to address alarming security and electoral integrity concerns, Malviya said, "Assam Police Special DGP Harmeet Singh has revealed that after a regime change in Bangladesh, the caretaker government released Jasimuddin Rahmani, leader of Al-Qaeda's South Asian affiliate, Ansarullah Bangla Team (ABT), from prison. Since then, Rahmani has ramped up efforts to expand ABT's operations in India, focusing on Assam and West Bengal to establish footholds and incite unrest across the region." "Currently, ABT's activities are concentrated in Murshidabad, where evidence links them to trafficking women into terror networks. Police have recently arrested eight terrorists associated with the group," Malviya said. "In a startling development, it was discovered that one of these terrorists, Shada Rati Sheikh, operating under the direction of Farhan Ishraq, right-hand man of Ansarul Bangla chief Jasimuddin Rahmani, holds voter ID cards for two separate constituencies -- Kandi and Hariharpara -- in Murshidabad, West Bengal... Notably, after the Khagragarh bomb blast involving Bangladeshi terrorists, she dismissed it as an RSS conspiracy, and her administration allegedly destroyed evidence under the then Bardhaman OC's supervision. This incident is just the tip of the iceberg," he alleged. Reacting to the allegations, TMC spokesperson Kunal Ghosh accused the BJP of politicising the serious issue of national security, forgetting the Centre's role in guarding the frontiers. He also commended the state police for tracking the terrorists and arresting them, busting the terror module with support from police forces of other states. On Friday, ADG Supratim Sarkar had told reporters that the duo was part of a group of eight people apprehended by West Bengal, Kerala and Assam Police. Inquiries revealed they had specific plans to target the 'chicken's neck corridor' in Siliguri which connects Northeast with the rest of the country, Sarkar had said. Sarkar also pointed out that Murshidabad had become a transit route for members of banned Bangladeshi outfits like Ansar-al-Islam. (You can now subscribe to our Economic Times WhatsApp channel )
Top bosses from the renewable energy sector are pushing for a greener future, urging housebuilders to fit solar panels on every new home. The call to action has been directed at Deputy Prime Minister Angela Rayner and Energy Secretary Ed Miliband , with hopes they will support the so-called Sunshine Bill set for discussion in the Commons early next year. The bill, championed by Liberal Democrat MP Max Wilkinson and scheduled for debate on January 17, aims to legally require new homes to be equipped with solar panels. Wilkinson has described the initiative as "just really, really obvious", highlighting its potential to cut carbon emissions and reduce living costs. “Taking this one simple step would pay back to new homeowners, via lower energy bills, in just a few short years, helping protect homeowners from high and fluctuating energy bills,” according to the letter. It continued: “Pressure on the wider grid would be reduced and the likely outcome would be a reduction in the country’s emissions too, in line with climate change targets.” The letter, signed by figures including Ecotricity CEO Asif Rehmanwala and E. On Next's director of residential newbuild Matthew Hart, points out: "The twin crises of high energy bills and climate change present this country with many challenges, but there are also a number of solutions that could be relatively easily implemented." They believe that incorporating solar energy into new residential buildings is one such solution. Mr Wilkinson remarked: "Following the shortest day of the year (Saturday), it’s time the Government finally commits to a sunnier future." He shared with the PA news agency: "One of the things that I think is just really, really obvious is that when we’re building new homes, they should be built to high standards of energy efficiency and that they should include renewable energy generation because that’s good for the planet, but also, it’s really, really good for people’s bills." "We all know that we’ve had the energy bills crisis over the last few years and fuel bills for households remain stubbornly high, so it seems obvious that we should put solar panels on the roofs of houses, so those bills are going to be lower." The Cheltenham MP described the cost of adding solar panels as "marginal" compared to the overall cost of constructing a home, stating it "pays back to the new homeowner within five or six years anyway, so it really is a win-win". In response to questions about the potential of the Sunshine Bill – formally known as the New Homes (Solar Generation) Bill – to combat climate change, Mr Wilkinson said: "There are the big international impacts that you’re talking about on climate change, but that doesn’t mean that we shouldn’t make those marginal gains locally where we can, particularly when they can have a really profound positive impact on people’s day-to-day lives." He expressed his Christmas wish, saying: "All I want this Christmas is for the Government to support the Sunshine Bill. Lower energy bills would be the perfect gift not just for me, but for the nation." In an October press release, a Government spokesperson stated that they "want solar panels on as many new homes as possible, because they are a vital technology to help cut bills for families, boost our national energy security, and help deliver net zero". However, the press release also confirmed that a final decision on the typical number of solar panels to be included in new homes is "yet to be made", emphasising that it is "a fundamental principle of building regulations that we do not constrain innovation by prescribing any specific technology". Mr Miliband has previously shown support for Mr Wilkinson’s proposal, stating in the Commons last Tuesday when asked about plans for "new homes to come with solar panels on the roof as standard": "I am very, very sympathetic to this, and we are in discussions with our colleagues across Government and watch this space." Looking for more from MyLondon? Subscribe to our daily newsletters here for the latest and greatest updates from across London.CleanSpark, Inc. Announces Proposed Private Offering of $550 Million of Convertible Notes
Is the world more dangerous than ever for travelers? A global risk expert weighs inNEW YORK (AP) — Bitcoin topped $100,000 for the first time this week as a massive rally in the world's most popular cryptocurrency, largely accelerated by the election of Donald Trump, rolls on. The cryptocurrency officially to rose six figures Wednesday night, just hours after the president-elect said he intends to nominate cryptocurrency advocate Paul Atkins to be the next chair of the Securities and Exchange Commission. Bitcoin has soared since Trump won the U.S. presidential election on Nov. 5. The asset climbed from $69,374 on Election Day, hitting as high as $103,713 Wednesday, according to CoinDesk. And the latest all-time high arrives just two years after bitcoin dropped below $17,000 following the collapse of crypto exchange FTX . Bitcoin fell back below the $100,000 by Thursday afternoon, sitting above $99,000 by 4 p.m. ET. Even amid a massive rally that has more than doubled the value of bitcoin this year, some experts continue to warn of investment risks around the asset, which has quite a volatile history. Here’s what you need to know. Cryptocurrency has been around for a while now. But chances are you’ve heard about it more and more over the last few years. In basic terms, cryptocurrency is digital money. This kind of currency is designed to work through an online network without a central authority — meaning it’s typically not backed by any government or banking institution — and transactions get recorded with technology called a blockchain. Bitcoin is the largest and oldest cryptocurrency, although other assets like ethereum, XRP, tether and dogecoin have also gained popularity over the years. Some investors see cryptocurrency as a “digital alternative” to traditional money, but most daily financial transactions are still conducted using fiat currencies such as the dollar. Also, bitcoin can be very volatile, with its price reliant on larger market conditions. A lot of the recent action has to do with the outcome of the U.S. presidential election. Trump, who was once a crypto skeptic, has pledged to make the U.S. “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. His campaign accepted donations in cryptocurrency and he courted fans at a bitcoin conference in July. He also launched World Liberty Financial, a new venture with family members to trade cryptocurrencies. On Thursday morning, hours after bitcoin surpassed the $100,000 mark, Trump congratulated “BITCOINERS” on his social media platform Truth Social. He also appeared to take credit for the recent rally, writing, “YOU’RE WELCOME!!!” Top crypto players welcomed Trump’s election victory last month, in hopes that he would be able to push through legislative and regulatory changes that they’ve long lobbied for — which, generally speaking, aim for an increased sense of legitimacy without too much red tape. And the industry has made sizeable investments along the way. Back in August, Public Citizen, a left-leaning consumer rights advocacy nonprofit, reported finding that crypto-sector corporations spent more than $119 million in 2024 to back pro-crypto candidates across federal elections. Trump made his latest pro-crypto move when he announced his plans Wednesday to nominate Atkins to chair the SEC. Atkins was an SEC commissioner during the presidency of George W. Bush. In the years since leaving the agency, Atkins has made the case against too much market regulation. He joined the Token Alliance, a cryptocurrency advocacy organization, in 2017. Under current chair Gary Gensler, who will step down when Trump takes office, the SEC has cracked down on the crypto industry — penalizing a number of companies for violating securities laws. Gensler has also faced ample criticism from industry players in the process. One crypto-friendly move the SEC did make under Gensler was the approval in January of spot bitcoin ETFs, or exchange trade funds, which allow investors to have a stake in bitcoin without directly buying it. The spot ETFs were the dominant driver of bitcoin's price before Trump's win — but, like much of the crypto’s recent momentum, saw record inflows postelection. Bitcoin surpassing the coveted $100,000 mark has left much of the crypto world buzzing. “What we’re seeing isn’t just a rally — it’s a fundamental transformation of bitcoin’s place in the financial system,” Nathan McCauley, CEO and co-founder of crypto custodian Anchorage Digital, said in a statement — while pointing to the growth of who's entering the market, particularly with rising institutional adoption. Still, others note that the new heights of bitcoin's price don't necessarily mean the asset is going mainstream. The $100,000 level is “merely a psychological factor and ultimately just a number,” Dan Coatsworth, investment analyst at British investment company AJ Bell, wrote in a Thursday commentary . That being said, bitcoin could keep climbing to more and more all-time highs, particularly if Trump makes good on his promises for more crypto-friendly regulation once in office. If Trump actually makes a bitcoin reserve, for example, supply changes could also propel the price forward. “It is hard to overstate the magnitude of the change in Washington’s attitude towards crypto post-election,” Matt Hougan, chief investment officer at Bitwise Asset Management, said via email Thursday, reiterating that prices could keep rising if trends persist. “There is a lot more demand than there is supply, and that’s usually a pretty good recipe for success.” Still, as with everything in the volatile cryptoverse, the future is never promised. Worldwide regulatory uncertainties and environmental concerns around bitcoin “mining" — the creation of new bitcoin, which consumes a lot of energy — are among factors that analysts like Coatsworth note could hamper future growth. And, as still a relatively young asset with a history of volatility, longer-term adoption has yet to be seen through. Today’s excitement around bitcoin may make many who aren’t already in the space want to get in on the action. For those in a position to invest, Hougan says it's not too late — noting that bitcoin is still early in its development and most institutional investors “still have zero exposure.” At the same time, Hougan and others maintain that it's important to tread cautiously and not bite off more than you can chew. Experts continue to stress caution around getting carried away with crypto “FOMO,” or the fear of missing out, especially for small-pocketed investors. “A lot of people have got rich from the cryptocurrency soaring in value this year, but this high-risk asset isn’t suitable for everyone,” Coatsworth noted Thursday. “It’s volatile, unpredictable and is driven by speculation, none of which makes for a sleep-at-night investment.” In short, history shows you can lose money in crypto as quickly as you’ve made it. Long-term price behavior relies on larger market conditions. Trading continues at all hours, every day. Coatsworth points to recent research from the Bank for International Settlements, a Switzerland-based global organization of central banks, which found that about three-quarters of retail buyers on crypto exchange apps likely lost money on their bitcoin investments between 2015 and 2022. At the start of the COVID-19 pandemic, bitcoin stood at just over $5,000. Its price climbed to nearly $69,000 by November 2021, during high demand for technology assets, but later crashed during an aggressive series of rate hikes by the Federal Reserve. And the late-2022 collapse of FTX significantly undermined confidence in crypto overall, with bitcoin falling below $17,000. Investors began returning in large numbers as inflation started to cool — and gains skyrocketed on the anticipation and then early success of spot ETFs, and again, now the post-election frenzy. But lighter regulation from the coming Trump administration could also mean less guardrails. This story has been corrected to refer to Anchorage Digital as a crypto custodian, not a crypto asset manager.
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Ebonkoli 0-0 0-0 0, Diallo 1-1 0-0 2, Grady 4-7 5-9 16, Petty 7-15 2-4 18, Faas 3-7 0-2 7, Kopp 4-11 9-10 20, Ijeh 0-0 0-0 0, Nyeri 0-3 1-2 1, Hall 0-1 0-0 0, Ammons 0-0 0-0 0, Gob 0-0 1-2 1. Totals 19-45 18-29 65. Adewale 1-1 0-1 2, Klaczek 2-4 1-1 7, Joshua 3-9 1-2 7, Langford 7-8 2-4 16, Marshall 6-16 4-6 18, Neely 2-4 6-7 10, Briggs 1-3 0-0 2, Reddish 1-3 2-2 5, Strand 0-0 0-0 0, Taylor 0-0 0-0 0. Totals 23-48 16-23 67. Halftime_Albany (NY) 34-31. 3-Point Goals_UMKC 9-27 (Grady 3-5, Kopp 3-7, Petty 2-8, Faas 1-4, Hall 0-1, Nyeri 0-2), Albany (NY) 5-19 (Klaczek 2-4, Marshall 2-8, Reddish 1-3, Briggs 0-2, Joshua 0-2). Rebounds_UMKC 35 (Ebonkoli 8), Albany (NY) 16 (Langford 6). Assists_UMKC 14 (Diallo, Kopp 4), Albany (NY) 11 (Joshua, Neely 3). Total Fouls_UMKC 19, Albany (NY) 22. A_100 (12,000).
Charlotte Lam Hong Kong's low-altitude economy is lagging behind, but it has the potential to catch up by learning from the mainland, according to Stephen Wan, director of Net Zero Agriculture. Wan said the mainland has been developing its low-altitude economy for two decades, generating economic benefits of 500 billion yuan (HK$533 billion) last year. This figure could quadruple to 2 trillion yuan by 2030, driven by rapid growth and widespread civilian applications like drone technology in agriculture, logistics and rescue operations. In contrast, Wan said Hong Kong has not made significant strides in developing its low-altitude economy. For example, Hong Kong still relies on traditional methods, such as using crane lorries to trim tree branches that encroach on neighboring homes, he said. "By utilizing drones equipped with the right tools, this task can be completed much more efficiently," he said. Currently, Hong Kong designates its low-altitude airspace at 300 feet or below, significantly lower than the 1,000 or 3,000 meters permitted in some other regions. In the latest policy address, the government announced the establishment of a working group to develop low-altitude economies and formulate strategic plans. Also, it plans to amend the civil aviation law governing drones over 25 kilograms, with proposals set to be tabled in the Legislative Council by the first half of next year. In response to the government's call to action, some universities, including the University of Hong Kong and Polytechnic University, are launching master's programs in low-altitude economics starting September next year. "This is a positive step, but the mainland has been exploring this field for two decades," Wan said. He added that in the mainland, drone operators conducting short-distance operations must complete 25 days of training and pass a licensing exam, with long-distance operations requiring 28 days of training. In contrast, drone operators in Hong Kong currently receive only five days of training. Wan suggested that Hong Kong should align its standards with those of the mainland, noting the importance of well-trained drone operators for fostering a robust low-altitude economy. Wan also proposed a ratio of one operator for every four drones, saying this level of operational efficiency could enhance Hong Kong's competitiveness.‘Favourite purchase this winter,’ Shoppers say as they race to Uniqlo for £15 thermals, but you need to be quick