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Texas Pacific Land Crashes After Largest Shareholder Dies Land-and-royalty company Texas Pacific Land Corp. crashed the most since early Covid after the head of its largest shareholder unexpectedly died.  Bloomberg reports that Murray Stahl, CEO of Horizon Kinetics and a TPL board member, died on Thursday, sending shares spiraling lower by 17% in late-afternoon trading. This marked the largest intraday decline in the stock since early 2020. Stahl was described as a longtime believer in TPL, one of the largest private landowners in Texas, with most of its acreage concentrated in the...

The US Treasury Department’s Office of Foreign Assets Control said on Wednesday that it would allow some sales of Venezuelan oil to private businesses in Cuba, marking an easing of the US oil embargo, though it’s unclear if the limited sales will bring real relief to the island. The OFAC statement said that its new […]

Adam Back Says Quantum Threat To Bitcoin Is Decades Away, Urges Gradual Migration To Post-Quantum Security Authored by Micah Zimmerman via BitcoinMagazine.com, Blockstream CEO Adam Back pushed back on concerns that quantum computing poses an imminent threat to Bitcoin’s cryptographic security, arguing that current progress in the field remains far from the level required to break real-world encryption. Speaking in an interview with Bloomberg, Back noted that much of today’s quantum research is still in its early experimental phase. He pointed to the limited capabilities of existing quantum hardware, which often lacks full error correction and...