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What Yearn Finance’s ‘Blue Kirby’ Incident Means for Pseudonymity

October 13, 2020

Satoshi Nakamoto proved a pseudonymous founder doesn’t have to be a deal breaker. Blue Kirby, however, has reminded cryptocurrency investors that fake names can still be a red flag.

For those who didn’t spend last weekend on Crypto Twitter, Blue Kirby is the handle of a now-infamous figure in the decentralized finance (DeFi) community who appears to have absconded with some $1 million worth of ether (ETH).

As detailed in two worthwhile reads, DeFi community members allege Blue Kirby unfairly exercised influence over the Yearn.Finance ecosystem and then conducted a questionable initial coin offering (ICO) for a non-fungible token (NFT) marketplace called “Off-Blue.”

While the above sentence may sound to normies like so much word salad, the Blue Kirby fiasco marks the latest in a series of cautionary tales from 2020’s “DeFi Summer.” The episode shows how – absent compensating factors – permissionless technology, pseudonymous identities and borderless marketplaces can

Kamala Harris on Trump’s debt: ‘It means you owe money to somebody’

October 8, 2020

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Kamala Harris gave a blunt refresher on President Donald Trump’s finances early on in the vice-presidential debate Wednesday night.
“It would be really good to know who the president of the United States — the commander-in-chief — owes money to,” Harris said, referring to The New York Times’ investigation into Trump’s taxes that found him in debt for hundreds of millions of dollars in debt, $139 million of which he’s on the hook for within five years.
“Because the American people have a right to know what is influencing the president’s decisions, and is he making those decisions on the best interests of the American people — of you — or self-interest.”
“Just so everyone is clear, when we say in debt, it means you owe money to somebody” Harris said.
She also took a dig at Trump for how little he paid in federal income taxes.
“When I first

Here’s What Australia’s Budget Means for Stocks

October 7, 2020

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(Bloomberg) — Australia’s decision to support a swath of industries to help stimulate an economic recovery in the wake of the coronavirus pandemic means there will be few “losers” in the stock market, according to analysts.

Pedestrians are reflected in a window as they walk past an electronic stock board at the ASX Ltd. exchange centre in Sydney, Australia.

© Photographer: David Moir/Bloomberg
Pedestrians are reflected in a window as they walk past an electronic stock board at the ASX Ltd. exchange centre in Sydney, Australia.

Treasurer Josh Frydenberg unveiled a budget Tuesday that forecast a shortfall of A$213.7 billion ($152 billion) in fiscal 2021, and pushes debt and deficit to a peacetime record amid a raft of tax cuts, wage subsidies and investment in infrastructure and manufacturing. Australia’s benchmark stock index rose 0.9% as of 1:21 p.m. Sydney time.

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Australia is trying to drive a private-sector led recovery and get people back to work as it seeks to recover from its first recession in more than three decades. Potential tax

Groundwater depletion means ‘peak grain’ has come and gone for several High Plains states

October 6, 2020

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Oct. 6 (UPI) — Peak grain has already passed for several High Plains states, according to a new survey of groundwater depletion across the region.

To more accurately predict future grain yields, researchers looked at the relationship between levels of water extraction from the Ogallala aquifer and the amounts of grain harvested in each state over the last 50 years.

Researchers adapted analysis techniques previously used to study the relationship between peak oil production and peak grain production. The research team detailed the results of their analysis in a new paper, published Tuesday in the journal PNAS.

“We were inspired by insightful analyses of U.S. crude oil production,” lead study author Assaad Mrad, doctoral candidate at Duke University, said in a news release. “They predicted a peak in crude oil production a decade in advance.”

The new analysis showed Texas and Kansas reached peak grain in 2016. Grain yields in

Asana Stock Opens at $27 a Share. Here’s What That Means for Its Market Value.

September 30, 2020

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The website home screen for Asana

Gabby Jones/Bloomberg

Asana

shares opened at $27, above the $21 “reference price” announced by the New York Stock Exchange last night for the company’s direct listing, and has since ticked above the $29 level.

With about 154 million shares outstanding, San Francisco-based Asana (ticker: ASAN) at the first trade had a market capitalization of about $4.2 billion. Asana provides cloud-based project management software. The company’s founder and CEO is Dustin Moskovitz, who also was a co-founder of Facebook.

Asana recently reported revenue for its fiscal second quarter ended July 31 of $52 million, up 57% year over year, with a non-GAAP (generally accepted accounting principles) loss of $13.7 million, or 34 cents a share.

For the third quarter, the company sees revenue of $53.5 million to $54.5 million, with a non-GAAP loss of 36 to 38 cents a share. For the January

What the Work-From-Home Boom Means for Your Future

September 29, 2020

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While major corporations furloughing workers and declaring bankruptcy tends to get the biggest headlines, our culture’s dramatic shift to working from home is the true breakout business story from this pandemic. The transition has certainly had its share of ups and downs, but rapidly growing acceptance indicates this is a trend that is almost certainly going to shape the future of work.

While Covid-19 restrictions caused an abrupt shift, working from home was already accelerating. Research from FlexJobs found that the number of people in the United States who worked from home grew by an astounding 159 percent between 2005 and 2017.

MBA BY THE BAY: See how an MBA could change your life with SFGATE’s interactive directory of Bay Area programs.

Much of this growth can be attributed to freelancing. Upwork’s Freelancing in America 2019 survey found that the number of Americans who did freelance work grew from 53

Police reversal means Port Washington house will remain a home, not a potential parking lot

September 27, 2020

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Neighboring residents of the Port Washington Police District said they are “relieved” to hear that the district is selling a Derby Road property officials purchased months ago and considered turning into a parking lot.

“It’s a huge weight off our shoulders,” said James Marotta, who lives on the street. “Everyone is just grateful and ecstatic. … [It’s] a big relief.”

Marotta was among dozens of residents who criticized the police district for failing to inform neighbors of the $780,000 purchase in March of 4 Derby Rd., a property separated from the district’s headquarters on 500 Port Washington Blvd. by a 4-foot-tall fence. The residents also pushed police officials to drop their plan to build a parking lot on their residential block.

Earlier this month, officials said the district had no plans to expand its headquarters onto Derby Road and reiterated their need to revamp the aging headquarters built in 1959.

Insurance Totaled My Car – What This Means

May 2, 2020

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“Your vehicle is a Total Loss.” These words, more often than not, spark immediate controversy between an insured and their insurance company. The main cause of controversy between an insurance company and an insured as it relates to total loss is that most people feel their vehicle is worth more than it really is.

A vehicle, though historically not a good investment, is very personal to us. Many of us spend a great deal of time in our vehicles each day and grow attached to our car. Many others ”trick out” their cars and inherently feel that their modifications enhance the value of the car.

I thought it might help some folks if they heard exactly how an insurance company views this and how they go about compensating you for your car should it be determined to be a totaled. There are typically two main things involved in understanding this … Read More

The website home screen for Asana