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Oil Soars Over 10% In OTC Trading, Whether That Sticks Depends On How Long The War Lasts
Oil Soars Over 10% In OTC Trading, Whether That Sticks Depends On How Long The War Lasts
With war in the middle east raging, and the world's most important oil transit choke point - the Straits of Hormuz which accounts for 20% of daily global oil transit - "effectively" halted after at least three ships were attacked in the vicinity of the waterway - even as Iran’s Foreign Minister Abbas Araghchi told Al Jazeera TV his country has no intention to close the Strait of Hormuz and has kept it open...
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Apr 15, 2026 / Tyler Durden
Tether Launches Self-Custodial Wallet Supporting USDT, Bitcoin, & Tokenized Gold
Tether Launches Self-Custodial Wallet Supporting USDT, Bitcoin, & Tokenized Gold
Authored by Naga Avan-Nomayo via TheBlock.co,
Tether, issuer of the world’s largest stablecoin USDT, is stepping further out from behind the rails with the launch of its self-custodial wallet, which it says is designed to put its payments infrastructure directly in the hands of users, rather than operating solely as a backend layer for crypto markets.
The application, dubbed tether.wallet, targets "billions of users left behind by the traditional financial system," the firm said in a Tuesday announcement.
Tether stated that it also builds...
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Apr 7, 2026 / George D. O’Neill, Jr.
The Trillion-Dollar Illusion
The latest American-Israeli aggression against Iran has exposed the United States’ inability to defend our big bases in the Gulf Countries and smaller bases in Iraq. For decades, these countries have had to endure the ire of their populations who are unhappy with the presence of U.S. forces in their lands. Their citizens are painfully […]
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Apr 8, 2026 / Tyler Durden
S&P Slashes New Orleans' Credit Rating On "Structurally Imbalanced Operations"
S&P Slashes New Orleans' Credit Rating On "Structurally Imbalanced Operations"
New Orleans, home to Mardi Gras and muffulettas, has been governed by Democrats for decades, so it should come as little surprise that S&P Global Ratings has slashed the city's obligation rating to the third-lowest level of investment grade and placed it on a negative outlook.
S&P Global Ratings cut New Orleans' general obligation rating by one notch to BBB+ with a negative outlook, citing structurally imbalanced finances, shrinking reserves, and growing reliance on one-time desperate measures to meet cash needs.
"The...
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