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The United States is seeking to increase its involvement in the fight against Mexican drug cartels.On October 24th, Russia released a war report stating that its tactical and operational aviation, attack drones, missile units, and artillery units across various military clusters struck 147 locations used by the Ukrainian armed forces, including energy and transportation infrastructure, long-range drone storage and launch sites, and temporary deployment points for Ukrainian troops and foreign mercenaries. Russian air defenses shot down one Storm Shadow cruise missile, four Neptune missiles, and 1,297 fixed-wing drones.October 24th - According to Axios, sources familiar with the matter say that U.S. politicians believe that AI leaders are increasingly becoming a political burden. Lawmakers from both parties, congressional staff, and Washington politicians all want AI founders to act more and talk less, focusing on product development while ensuring safety, much like leaders in other large industries. AI industry leaders pronouncements on digital awareness and global catastrophe have escalated an already complex regulatory debate into a near-irresolvable moral scare. Instead of actively promoting the benefits of AI and the shared prosperity it promises—a core element of any successful political campaign—AI leaders have repeatedly warned of potential existential threats. Lawmakers say the messages from AI executives often oscillate between a vision of prosperity and a doomsday scenario, sometimes even simultaneously conveying both signals in the same public event. Lawmakers and regulators point out that this stark contrast exacerbates political instability and further intensifies an already strong public backlash against the AI industry.The Saudi-led coalition said it had intercepted and destroyed two ballistic missiles fired by Yemens Houthi rebels toward Taif and Yanbu.On October 24, Ukrainian Defense Minister Herman Khmara announced that, according to monitoring data from the Ukrainian Ministry of Defense, the Starlink and StarShield satellite communication systems have regained their functionality, with terminals maintaining stable communication even at speeds exceeding 400 kilometers per hour. Khmara stated that this progress is of significant importance to frontline operations, supporting troop movement, drone missions, military logistics, and battlefield communication support. He added that Ukraine will continue to monitor the operational status of both systems and plans to conduct higher-speed tests to determine the systems maximum speed capacity and comprehensively assess the level of communication capability recovery.

Celsius Network hires advisors to prepare for potential bankruptcy

Jimmy Khan

Jun 27, 2022 14:59

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According to persons familiar with the situation, the Wall Street Journal reported on Friday that Celsius Network LLC has recruited restructuring specialists from the advising firm Alvarez & Marsal to provide advice on a potential bankruptcy petition.


As the latest indication of the financial market collapse affecting the cryptosphere, the New Jersey-based bitcoin lending firm earlier this month temporarily halted withdrawals and transfers owing to "extreme" market circumstances.


The Wall Street firm Goldman Sachs was seeking to acquire $2 billion from investors, according to a second story from CoinDesk, in order to purchase troubled assets from Celsius.


According to the story, which cited two people familiar with the situation, the planned arrangement would enable investors to acquire the assets at potentially significant discounts if the bitcoin lender declares bankruptcy.


As of a month ago, Celsius has $11.8 billion in assets. Requests for comment from Reuters were not immediately answered by the corporation or Alvarez & Marsal.


The market for digital assets has experienced tremendous volatility in recent months as investors flee riskier investments out of concern that draconian interest rate increases to combat persistent inflation may cause the country to enter a recession.