Category: general

general

Ex-Eddie Irvine Euro 1983 Porsche 911 Turbo

This 1983 Porsche 911 Turbo is a European-market example that was imported to the US in 1986, and it was owned by former Formula 1 driver Eddie Irvine before it was purchased by the current owner on BaT in November 2021. Over $29k of work in 2025 included overhauling the four-speed manual transaxle, wiring repairs, reupholstering the front seats, adding Fabspeed stainless-steel exhaust components, deleting the air injection pump, rebuilding the fuel distributor, and replacing the air intake coupler, oil line gaskets, bell crank throttle bushings, carpeting, tires, dampers, and assorted brake components. Finished in metallic blue over black leather upholstery, the car is powered by a turbocharged 3. 3-liter flat-six and equipped with a Kenwood CD stereo, a rear wiper, a rear spoiler, and 16″ Fuchs alloy wheels. This 930 Turbo is now offered on dealer consignment with an owner’s manual, service records, a clean Carfax report, and a clean Texas title.

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Dow Jones climbs 570 points with government closure end in sight

The post Dow Jones climbs 570 points with government closure end in sight appeared com. The Dow Jones Industrial Average (DJIA) found some room to move higher on Tuesday, despite a general malaise setting into other major stock indexes as the AI tech rally continues to sputter. The Dow has launched itself back toward the 48, 000 region as investors bank on a resolution to temporarily fund the US government and resume the flow of critical labor and inflation data. Investor hope for a government closure solution remains high The US government has pivoted to finding the necessary votes to pass a temporary funding bill that will see federal services resume operations, at least through the end of January before the cycle of political standoffs and government services hostage-taking can begin again. A near-term reopening of the federal government following what has become the longest US government shutdown in American history will bring a deluge of official labor and inflation figures, which are necessary datapoints for the Federal Reserve (Fed) to continue delivering the market’s much-desired interest rate cuts. AI operational costs likely to run much higher than everyone thinks Renowned bear speculator Michael Burry noted on X-nee-Twitter earlier this week that most of the growth expectations surrounding the ongoing AI tech rally may be built on faulty accounting. According to the legendary investor, AI “hyperscalers”, or companies that provide compute power and rent data access to AI projects, are intentionally understating the depreciation costs of constantly upcycling data warehouse infrastructure to meet ever-growing data-crunching demand. According to Burry, the bulk of the investment cash being sunk into the AI space will continue to be burned at a faster-than-expected rate as AI demand chews through data infrastructure, and tech providers are overstating their future income expectations by drastically understating their equipment replacement costs. Dow Jones daily chart Source:.

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‘Cryptoqueen’ scammer Zhimin Qian jailed 11 years in the UK

The post ‘Cryptoqueen’ scammer Zhimin Qian jailed 11 years in the UK appeared com. Zhimin Qian, the Chinese “cryptoqueen” arrested for masterminding a $5. 5 billion Bitcoin scam, has received an 11-year jail sentence in the U. K. Summary Chinese Bitcoin scammer Zhimin Qian has been handed an 11 years prison sentence. The 47-year old masterminded a multi-billion-dollar crypto scam that impacted 128, 000 victims in China. UK authorities seized 61, 000 BTC from Qian following her arrest. Zhimin Qian, 47, the mastermind of a major crypto fraud scheme that saw over 128, 000 people across China defrauded between 2014 and 2017, was sentenced to 11 years and eight months at London’s Southwark Crown Court. Reuters reported on the development. The “Goddess of Wealth”, also known as Yadi Zhang, pleaded guilty to two charges of money laundering in September. On November 11, Judge Sally-Ann Hales handed down the prison sentence. Qian’s arrest followed an extensive dragnet set up by UK police targeting the fraudster, who fled China and tried to assume a new identity in Britain. Notably, the jailing so far caps a significant case that saw British police seize over 61, 000 bitcoin (BTC), one of the world’s largest BTC seizures. That haul, at current Bitcoin prices, is worth over $6 billion. Initially, she claimed to be a victim of a government crackdown in China and a “successful crypto entrepreneur”. But investigations revealed that Qian’s company offered an investment to unsuspecting investors who put nearly 40 billion renminbi (approximately $5. 5 billion) into it. The fraud that followed saw her embezzle over 6 billion renminbi, with proceeds hodled in Bitcoin. When Chinese authorities closed in on the architects of the scam, Qian fled. She eventually entered the UK with fake documents and embarked on a laundering spree. Authorities say she.

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ADA Eyes $0.79, DeepSnitch AI Presale Rockets 50%

The post ADA Eyes $0. 79, DeepSnitch AI Presale Rockets 50% appeared com. Crypto Presales Bank of England stablecoin rules reshape crypto markets. Cardano price prediction targets $0. 79 while DeepSnitch AI presale rockets with $510k raised at $0. 02244. The Bank of England just unveiled a sweeping new framework mandating that sterling-backed issuers hold at least 40% of their liabilities in deposits directly with the BoE. Meanwhile, Bitcoin traders are eyeing a potential breakout above $112,000, a level that could trigger a short squeeze. And in the US, Coinbase is stepping back into the token launch arena with Monad, its first offering under a new regulated token sale platform. But 100x potential lies in a rare few places, and one of them is early-stage presale DeepSnitch AI, which has surged past $510, 000 priced at $0. 02244 per token, nearly 50% above its launch price. Bank of England stablecoin framework signals regulatory maturity The Bank of England’s newly proposed stablecoin regime targets systemically important stablecoins likely to underpin everyday retail, corporate, and cross-border payments. Under the framework, issuers could hold up to 60% of their reserves in short-term UK government debt, while the rest must sit as BoE deposits for safety. The proposal also caps individual holdings at roughly £20, 000 per token. Clearly, the UK wants to balance innovation with prudence. Bitcoin, meanwhile, reclaimed above $106k as the US government shutdown neared its end. Analysts suggest a break above $112k could spark a short squeeze despite weak demand for leveraged longs. Then, there’s Coinbase’s new token sale platform debuting with Monad, which offers retail investors their first regulated access to primary token offerings since 2018. The platform hosts roughly one sale.

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Brazil’s Central Bank Introduces Landmark Crypto Rules for 2026

The post Brazil’s Central Bank Introduces Landmark Crypto Rules for 2026 appeared com. The Central Bank of Brazil has approved three key resolutions No. 519, No. 520, and No. 521, that define how companies working with virtual assets will operate and be authorized in the country. The measures also regulate the use of cryptocurrencies in foreign exchange and international capital transactions. The decisions followed public consultations with members of the crypto industry, banking sector, law firms, and international organizations. All three resolutions will take effect on February 2, 2026. Resolution No. 520 establishes the rules for Virtual Asset Service Providers (VASPs) companies officially permitted to offer crypto-related services. These will be divided into intermediaries, custodians, and crypto brokers, and can operate only with Central Bank authorization. The regulation covers areas such as customer protection, anti-money laundering (AML), counter-terrorism financing, corporate governance, information security, and data transparency. Meanwhile, Resolution No. 519 defines the authorization process for both new and existing companies in the crypto sector. It also updates rules for segments previously overseen by the National Monetary Policy Council, including foreign exchange brokers and securities distributors. The Central Bank emphasized that the new framework will standardize deadlines, applications, and compliance obligations for all companies planning to operate legally in Brazil’s crypto market. Crypto Transactions Now Treated as Foreign Exchange Operations For the first time, Resolution No. 521 equates certain cryptocurrency operations with foreign exchange and international capital transactions. From now on, the following actions fall under the new category: international payments or transfers using crypto assets; transactions settling international obligations, including card payments; transfers between independent wallets (if the owner is identified); purchase, sale, or exchange of crypto assets linked to fiat currency. For companies not authorized to operate in the foreign exchange market, international crypto transactions are capped at $100,000. Licensed operators must follow standard foreign exchange protocols. The new rules.

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