Burning Man's infamous 'Orgy Dome' is destroyed after dust storms rip through Nevada festival
The structure - an air-conditioned private tent with beds and mood lighting - was blown away on Sunday as extreme weather hit Black Rock City over the weekend.
Buy your own castle for £3.25million - it comes with stables, servants' quarters and even your own private railway
Ayton Castle, located in the countryside near Berwick-upon-Tweed, is complete with stables, a private chapel, servants quarters - and even a private railway.
Brits told to STOP moving to this popular hotspot - as UK man reveals why after living there for years
Harry Poulton moved from Brighton to Benidorm after visiting the Spanish resort on a lads holiday when he was 18 years old.
Katy Perry reveals she's seeking 'justice' during trial over $15 million mansion against 85-year-old veteran
When asked if she stands to 'gain money or anything else from the outcome of this litigation,' Perry responded, 'Yes…..' before revealing her answer.
The 5 new-season homeware items at John Lewis that buyers predict will sell out
The retailer just dropped a seriously impressive range of new pieces, featuring more than a few of the most-searched for interior trends of the moment.
The most dangerous country to take selfies revealed - as the UK makes the list
In today's golden age of social media, snapping selfies has become the norm - but what seems like a fun, harmless act can actually prove fatal, according to researchers.
Britain's 'baby deserts' REVEALED… as birth rates slump to lowest level ever - find out if you live in an area where having children is becoming rare
Alarming Office for National Statistics ( ONS ) data shows the fertility rate-the average number of children a woman has-in England and Wales slumped to 1.41 in 2024.
Scientists confirm a simple 16p-a-day supplement boosts weight loss and burns belly fat - but they're NOT safe for everyone
A new review by researchers in Iran suggests turmeric supplements could aid weight loss in people with diabetes and prediabetes.
3 Essex bank branches set to close in September as dates confirmed
They will close their doors for the final time next month
Citi Executive Warns Stablecoin Yields Could Drain Bank Deposits
An anonymous reader quotes a report from CoinTelegraph: Paying interest on stablecoin deposits could spark a wave of bank outflows similar to the money market fund boom of the 1980s, Citi's Future of Finance head Ronit Ghose warned in a report published Monday. According to the Financial Times, Ghose compared the potential outflows caused by paying interest on stablecoins to the rise of money market funds in the late 1970s and early 1980s. Those funds ballooned from about $4 billion in 1975 to $235 billion in 1982, outpacing banks whose deposit rates were tightly regulated, Federal Reserve data showed. Withdrawals from bank accounts exceeded new deposits by $32 billion between 1981 and 1982.
Sean Viergutz, banking and capital markets advisory leader at consultancy PwC, similarly suggested that a shift from consumers to higher-yielding stablecoins could spell trouble for the banking sector. "Banks may face higher funding costs by relying more on wholesale markets or raising deposit rates, which could make credit more expensive for households and businesses," he said. The GENIUS Act does not allow stablecoin issuers to offer interest to holders, but it does not extend the ban to crypto exchanges or affiliated businesses. The regulatory setup led to a significant reaction by the banking sector.
Several US banking groups led by the Bank Policy Institute have urged local regulators to close what they say is a loophole that may indirectly allow stablecoin issuers to pay interest or yields on stablecoins. In a recent letter, the organization argued that the so-called loophole may disrupt the flow of credit to American businesses and families, potentially triggering $6.6 trillion in deposit outflows from the traditional banking system.
Read more of this story at Slashdot.
Meghan Markle mocked over her bizarre word salads during latest interview, including phrases like 'when you anchor into your own knowing'
Viewers have mocked the bizarre word salads Meghan Markle used during an interview.
That's hardly fare! Couple return from work to find new bus stop at the end of their driveway - and buses block them when they want to get their car out
Christopher Harris and Michelle Smith said they had been aware of plans for the bus stop in the street in Beddau, Rhondda Cynon Taf, but those plans had been for further up the road.
The unusual breakfast request Princess Lilibet asks Meghan Markle for, as revealed in part two of With Love, Meghan
Meghan Markle revealed her children's favourite meals and that she 'doesn't like baking' on the second season of her lifestyle show With Love, Meghan.
Boeing 737 carrying 181 passengers makes emergency landing after tyre explodes on take-off in Sweden
The flight bound for Paris set off from Stockholm's Arlanda airport but soon the aircraft was back on the runway after the malfunction.
Trust in local media increases to 80 per cent, new survey shows
A new study has revealed that trust in local media has grown significantly over the past year.
Trust in local media increases to 80 per cent, new survey shows
A new study has revealed that trust in local media has grown significantly over the past year.
Superyacht sailor, 37, was killed after head injury when rigging system failed and he was hit by pulley, inquest hears
Sam Richmond, 37, was a member of the crew on board the 102ft Southern Wind yacht Farfalla when the accident happened on March 8, 2022.
Is this when Taylor Swift and Travis Kelce will tie the knot? How their career commitments hint to when they will marry - after he admitted he is happy to be 'Mr Taylor Swift'
The pop star, 35, and her football player fiance, also 35, announced that they are set to wed by sharing romantic snaps of their stunning proposal to Instagram, alongside the caption: 'Your English teacher and your gym teacher are getting married!'
RAF scrambles spy planes as Britain joins huge NATO hunt for Russian sub 'suspected of threatening US aircraft carrier' off Norway
In what defence sources are calling a 'highly unusual surge' of activity, NATO allies have deployed at least 27 specialist submarine-hunting sorties in a bid to track the vessel.
Stormzy scholar, 23, found dead in Cambridge University halls after taking antidepressants, inquest hears
Jordan Keyton, 23, had joined Downing College Cambridge in October 2019 to study chemistry, the inquest records.