August 2024 - cypherpunks - lists.cpunks.org

VC, PE Firm Says Chinese Co. Cost $150M SpaceX Investment
by Gunnar Larson 09 Aug '24

09 Aug '24

VC, PE Firm Says Chinese Co. Cost $150M SpaceX Investment <https://www.law360.com/capitalmarkets/articles/1867489?nl_pk=abe82add-2a33-…> By Katryna Perera A California-based venture capital and private equity firm has sued a Chinese company in California federal court, claiming Elon Musk's SpaceX rejected its planned $150 million investment after the Chinese company breached its promise to abide by strict confidentiality requirements and instead publicized its involvement in the planned investment. Complaint attached | Read full article » <https://www.law360.com/capitalmarkets/articles/1867489?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1867489?nl_pk=abe82add-2a33-…>

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Willis Defends Staying On Trump's Ga. Election Case
by Gunnar Larson 09 Aug '24

09 Aug '24

Willis Defends Staying On Trump's Ga. Election Case <https://www.law360.com/mergersacquisitions/articles/1867957?nl_pk=a34c25b5-…> By Emily Johnson Georgia prosecutors have pushed back against former President Donald Trump's request for appellate intervention in his election interference case, arguing District Attorney Fani T. Willis doesn't have a conflict of interest and Trump failed to persuade the trial court that she had a conflict due to a relationship with a former outside counsel. Brief attached | Read full article » <https://www.law360.com/mergersacquisitions/articles/1867957?nl_pk=a34c25b5-…> | Save to favorites » <https://www.law360.com/mergersacquisitions/articles/1867957?nl_pk=a34c25b5-…>

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E-Discovery Quarterly: Rulings On Hyperlinked Documents
by Gunnar Larson 09 Aug '24

09 Aug '24

E-Discovery Quarterly: Rulings On Hyperlinked Documents <https://www.law360.com/newyork/articles/1866071?nl_pk=ac5a3855-e47c-4403-be…> Recent rulings show that counsel should engage in early discussions with clients regarding the potential of hyperlinked documents in electronically stored information, which will allow for more deliberate negotiation of any agreements regarding the scope of discovery, say attorneys at Sidley. Read full article » <https://www.law360.com/newyork/articles/1866071?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1866071?nl_pk=ac5a3855-e47c-4403-be…>

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DOJ Investigating Formula 1 Over Andretti Denial
by Gunnar Larson 09 Aug '24

09 Aug '24

DOJ Investigating Formula 1 Over Andretti Denial <https://www.law360.com/compliance/articles/1867772?nl_pk=ab5ce197-c1fb-4d8e…> By Matthew Perlman Formula One's owner Liberty Media Corp. disclosed Thursday that the U.S. Department of Justice is investigating antitrust concerns surrounding the denial of Andretti Formula Racing LLC's bid to join the F1's championship series, following a letter from lawmakers. Read full article » <https://www.law360.com/compliance/articles/1867772?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/1867772?nl_pk=ab5ce197-c1fb-4d8e…>

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Fed Hits Customers Bank With Crypto-Related Consent Order
by Gunnar Larson 09 Aug '24

09 Aug '24

Fed Hits Customers Bank With Crypto-Related Consent Order <https://www.law360.com/compliance/articles/1868016?nl_pk=ab5ce197-c1fb-4d8e…> By Sarah Jarvis The Federal Reserve said Thursday that it had entered into an enforcement action with Pennsylvania-based Customers Bank, pointing to risk management and anti-money laundering compliance deficiencies tied to the bank's "digital asset strategy." Order attached | Read full article » <https://www.law360.com/compliance/articles/1868016?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/1868016?nl_pk=ab5ce197-c1fb-4d8e…>

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Bank Of Cyprus To Quit LSE, Weighs Athens Move
by Gunnar Larson 09 Aug '24

09 Aug '24

Bank Of Cyprus To Quit LSE, Weighs Athens Move <https://www.law360.co.uk/financial-services-uk/articles/1867667?nl_pk=a94fc…> By Najiyya Budaly Bank of Cyprus said Thursday that it plans to ditch its place on the London Stock Exchange in favor of a proposed listing on the Athens bourse, to boost its profile among investors in the region and enhance the liquidity of its shares. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1867667?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1867667?nl_pk=a94fc…>

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The Top Corporate Crime Cases Of 2024 So Far
by Gunnar Larson 09 Aug '24

09 Aug '24

The Top Corporate Crime Cases Of 2024 So Far <https://www.law360.co.uk/financial-services-uk/articles/1857565?nl_pk=a94fc…> By Christopher Crosby The partial acquittal of two retired British executives on bribery charges as part of a major Serious Fraud Office investigation, the first bribery conviction of a foreign official and Julian Assange's shock plea deal are just a few of the blockbuster cases so far in 2024. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1857565?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1857565?nl_pk=a94fc…>

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Retail trader demand for Rumble stock hits record after Trump picks Vance for VP nominee
by Gunnar Larson 08 Aug '24

08 Aug '24

Retail trader demand for Rumble stock hits record after Trump picks Vance for VP nominee PUBLISHED THU, JUL 18 20249:58 AM EDTUPDATED THU, JUL 18 20242:13 PM EDT [image: thumbnail] Jesse Pound <https://www.cnbc.com/jesse-pound/>@/IN/JESSE-POUND <https://linkedin.com//in/jesse-pound>@JESSERPOUND <https://twitter.com/@jesserpound> WATCH LIVE <https://www.cnbc.com/live-tv/> https://www.cnbc.com/2024/07/18/retail-trader-demand-for-rumble-stock-hits-…

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We Charted the Plunge and Rebound in the Nikkei Versus Nomura and Citigroup; the Correlation Is Frightening
by Gunnar Larson 08 Aug '24

08 Aug '24

https://wallstreetonparade.com/2024/08/we-charted-the-plunge-and-rebound-in… By Pam Martens and Russ Martens: August 8, 2024 ~ Remember the Repo Crisis in the fall of 2019 when the Federal Reserve had to jump in with both feet and make billions of dollars in revolving emergency loans each weekday to the megabanks on Wall Street? And remember when Wall Street On Parade was the only media outlet that named the banks that got the money and graphed the largest borrowers when the Fed released the granular loan data two years later? Well, guess what. Two of the financial firms that played a starring role in the repo crisis of 2019 appear to be part of the cast in the current trading debacle in Japan that’s spilling into global markets – if their share price performance is any indicator. The graph above shows that the Japanese financial firm, Nomura, and the giant U.S. megabank, Citigroup, are trading in eerie correlation to the trading debacle in Japan. The graph below shows that Nomura was the largest borrower from the Fed in the 2019 repo crisis, borrowing a stunning $3.7 trillion in term-adjusted revolving loans, while Citigroup ranked fifth. (Citigroup ranked as the number one largest borrower of emergency loans from the Fed during the 2008 financial crisis, taking $2.5 trillion in revolving loans from December 2007 through July 2010, according to the Government Accountability Office.) Fed's Repo Loans to Largest Borrowers, Q4 2019, Adjusted for Term of Loan Much of the blame for the recent stock selloff has been characterized by the media as the unwinding of the “yen carry trade.” (Clearly, geo-political factors are also playing a role.) Providing false comfort to investors, Bloomberg News had a top headline early this morning that declared that “JPMorgan Says Three Quarters of Global Carry Trades Now Unwound.” Unless JPMorgan Chase has an omnipotent crystal ball, it has zero chance of knowing what every global hedge fund is doing, what its megabank competitors are doing, what international asset managers, life insurers, and sovereign wealth funds are doing. Recall the spring of 2021 when the supposedly smartest trading houses on Wall Street didn’t know they were being conned by family office hedge fund Archegos until it blew up in their face, leaving some of the megabanks with billions in losses? (See Archegos: Wall Street Was Effectively Giving 85 Percent Margin Loans on Concentrated Stock Positions – Thwarting the Fed’s Reg T and Its Own Margin Rules.) Or how about the $6.2 billion in losses JPMorgan suffered in the London Whale scandal because it couldn’t keep tabs on what its derivative traders in London were doing? Or what Bernie Madoff was doing in his business account at JPMorgan Chase? Or what Jeffrey Epstein was doing in his multitude of related accounts at JPMorgan Chase as they facilitated an international sex-trafficking operation. The problem with attempting to analyze the unwinding of the yen carry trade and who is getting caught up in a destructive cycle of selling securities to meet margin calls is that there are a vast number of ways that large traders could be losing money and an equally vast arena of related exposures. There could be related currency losses; related derivative losses; related stock portfolio losses and related shaky counterparties. Let’s say, hypothetically, that traders had made wrong-way leveraged bets on the Japanese yen or U.S. Dollar or U.S. tech stocks – or all three. Attempting to unwind that tangled mess is unlikely to be resolved in a week’s time. According to the Office of the Comptroller of the Currency (OCC), as of March 31 of this year, JPMorgan Chase Bank held $966 billion in spot foreign exchange contracts; Goldman Sachs Bank USA held $952 billion; Bank of America held $523 billion; and Citigroup’s Citibank held $442 billion. Those four commercial banks’ holdings of spot Forex accounted for 90 percent of spot Forex at all 4,568 federally-insured commercial banks and savings associations in the United States at the end of the first quarter, according to the most recent OCC report. (See page 17 at this link.) That level of concentration is equally frightening at taxpayer-backstopped financial institutions. Related Article: A Nomura Document May Shed Light on the Repo Blowup and Fed Bailout of the Gang of Six in 2019

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Re: [spam][crazy][fiction][random] Non-Canon MCBoss Spinoffs
by Undescribed Horrific Abuse, One Victim & Survivor of Many 08 Aug '24

08 Aug '24

so now i am trying to port it to c++ to organize it better this is harder, i can't do c++ effectively while confused on an ipad i made the attached c++ code today at a student center that i think or hope is also open to the public. it performs the same code for the inverse involute, calculates optimized points for an involute curve rasterized to 1.0 unit output precision via subdivision, and starts to lay out classes for a gear assembly. it's another stretch for me to use c++ again. excited the rasterization seems to work.

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