Day: September 20, 2022

Crypto market maker Wintermute loses $160 million in DeFi hack

Posted on by Robin Edgar

Evgeny Gaevoy, the founder and chief executive of Wintermute, disclosed in a series of tweets that the firm’s decentralized finance operations had been hacked, but centralized finance and over the counter verticals aren’t affected. He said that Wintermute — which counts Lightspeed Venture Partners, Pantera Capital and Fidelity’s Avon among its backers — remains solvent Read more about Crypto market maker Wintermute loses $160 million in DeFi hack[…]

economic and fiscal effects on the United States from reduced numbers of refugees and asylum seekers – around $11.1 billion per year

Posted on by Robin Edgar

International migrants who seek protection also participate in the economy. Thus the policy of the United States to drastically reduce refugee and asylum-seeker arrivals from 2017 to 2020 might have substantial and ongoing economic consequences. This paper places conservative bounds on those effects by critically reviewing the research literature. It goes beyond prior estimates by Read more about economic and fiscal effects on the United States from reduced numbers of refugees and asylum seekers – around $11.1 billion per year[…]