Libra co-founder and chief economist of Calibra Wallet Christian Catalini has attempted to clear up misconceptions in relation to the planned digital coin in an interview with CNN’s Julia Chatterley. The release of the whitepaper on Facebook’s (NASDAQ:FB) proposed coin back in June prompted massive debate from politicians around the world, most of which vehemently
Month: November 2019
The biggest cryptocurrency in the world by market cap started off the year with a rally that went on for six months, but since then, it has been a bit chaotic. On Monday, Bitcoin slumped to its lowest level in six months after the Chinese central bank, The People’s Bank of China (PBOC), launched a
Analysts are influenced to some extent by the “stories” issuers tell, and stakeholders take for granted that at least some receive the benefits of doubt from raters. Subjectivity is a feature that should be embraced and exploited by the storyteller — usually Treasurers — to the benefit of the entities they represent — whether those
BNY Mellon chose Marco Polo because the blockchain works well for open account financing, which makes up around 85 percent of trade finance, and works well for large corporates, Kim said. (In open account transactions, the goods are shipped and delivered before payment is due; with letter-of-credit financing, the bank guarantees a buyer’s payment ahead
Instead of institutional participation, the hype led to a kind of “adverse selection” phenomena, said Lippiatt, attracting people who didn’t have a better option to raise funds, or who had spent a lot of money building blockchain token infrastructure and wanted to follow through with one of their own projects.
A customer walks towards the entrance of a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017. Christopher Lee | Bloomberg | Getty Images Check out the companies making headlines after the bell: CVS Health shares popped more than 2% before settling around its closing price of $76.58 following
In 2015, best friends Noah Isaacs and John Meadows set out to bring the commercial real estate appraisal industry into the 21st century, even if it had to drag it there kicking and screaming. The appraisal report is often the key bottleneck in a commercial real estate transaction, taking an average of 2-3 weeks to be delivered. And
In this handout image supplied by ITV, Prime Minister Boris Johnson and Leader of the Labour Party Jeremy Corbyn shake hands during the ITV Leaders Debate at Media Centre on November 19, 2019 in Salford, England. Jonathan Hordle | Getty Images News | Getty Images Foreign buyers who want to own a property in England
China’s hand in cementing a phase one trade deal with the U.S. keeps getting weaker even though many American media outlets keep reporting otherwise because they seem to like Chinese President Xi Jinping better than President Donald Trump, CNBC’s Jim Cramer said on Monday. Cramer said on “Squawk Box” the mainstream media wrongly thinks that
Bitfinex and its sister stablecoin issuer Tether have been handed another lawsuit alleging both firms manipulated the crypto market, following a similar such suit last month in New York, which claimed the companies created “the largest bubble in human history.” The second suit has been filed by Eric Young and Adam Kurtz at the district
A nascent initiative that has the potential to cause significant market confusion has recently been introduced in the world of municipal bond reference data. Under the seemingly positive banner of “open symbology,” alternative security identifiers are being promoted as a reference data panacea, able to deliver accuracy, flexibility and global scope at a lower cost
Nathalie Salman | Getty Images Goldman Sachs strategists expect a “baby bear” market in bonds next year, with a mild move higher in interest rates due to a better economy, subdued global inflation and the lack of central bank policy easing. In a sweeping outlook for 2020, the firm’s strategists say they do not expect
The 1,436 square foot Wee Barn, in Corning, N.Y., was built with modular and panelization by Apex … [+] Homes and designed by architect Geoffrey C. Warner of Alchemy Architects. Courtesy of Geoffrey C. Warner Sheri Koones and her husband lived in a 6,800 square foot house in Greenwich, Conn., but then the kids moved
Airbnb is losing a key executive ahead of its expected public debut in 2020. Belinda Johnson announced Friday, in an email to staff viewed by CNBC, that she is stepping down as COO on March 1. In the email, Johnson said that she needs to prioritize more time to spend with her family. “It starts
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Venture capital funding for clean energy technology companies has declined after years of lackluster performance drove investors to other sectors. But a new fund is making a big bet that it’s possible
Grayscale Bitcoin Trust is trading higher by 3% after it filed Form 10 with the United States Securities and Exchange Commission (SEC) to become the first-ever crypto fund to report to the regulator. Major Development The crypto ecosystem has grown at a breakneck pace over the past few years, and it can be said that
Gary, Indiana, has closed on a sale-leaseback bond transaction to keep the city afloat financially. The $40 million bond was privately placed with Dallas-based private lender Preston Hollow Capital LLC at a rate slightly lower than the city had originally agreed to and within the city’s recovery budget. Backers of the deal call it a
CHICAGO – NOVEMBER 21: Nordstrom signage is visible at its store November 21, 2003 in Chicago. Nordstrom, Inc. reported net earnings of $45.5 million, or $0.33 per diluted share, for the third quarter of 2003, which ended November 1, 2003. For the same period last year, net earnings and earnings per diluted share were $18.4
The Arch on Historic North Campus at the University of Georgia, adjoining downtown in Athens, … [+] Georgia Getty A freshwater spring percolates over a one-block, daylighted stretch as an open creek alongside Spring Street in Athens, Georgia. Historically known as the town spring and the founders’ spring, the natural watercourse was one of the
A “Sold” sign is displayed outside a townhouse in the Queen Anne neighborhood of Seattle, Washington, March 10, 2019. Chona Kasinger | Bloomberg | Getty Images The supply of homes for sale is falling across the nation, as demand soars and attractive mortgage rates pull buyers off the sidelines. At the end of October, inventory
Robert Iger, Chairman and CEO at The Walt Disney Company speaks in Laguna Beach, California, October 22, 2019. Mike Blake | Reuters (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Here are some of the best analyst calls on Wall
The cryptocurrency industry has come a long way from the days when it used to be tough for people to buy tokens online and hence, the emergence of Bitcoin futures did not come as a massive surprise for most market watchers. So what does newly-created crypto exchange Bakkt have in store? Let’s dig in. Key
The Seattle area’s regional transit agency plans to continue collecting vehicle registration taxes that were rescinded by a statewide ballot measure until bonds that use the taxes as a funding source are paid off. The board of the Central Puget Sound Regional Transit Authority, better known as Sound Transit, met Thursday to discuss the Nov.
Santa Claus waves to the crowd during the Macy’s Thanksgiving Day Parade in New York City. Getty Images It’s Thanksgiving time, and investors’ thoughts turn to holiday shopping and a year end Santa rally in the stock market. Some analysts think both could be pretty good this year. While Black Friday has probably lost some
Could the sun be setting on many commercial real estate jobs, as a result of technology disruption? Photo by Gary Hershorn/Getty Images Technology and automation have inexorably advanced over the last few decades. They have seemingly altered everything, say some observers, but commercial real estate. That is now rapidly changing. Dramatic tech disruption threatens the
WeWork’s new executive chairman, Marcelo Claure, held an all-hands meeting with employees on Friday and outlined his plans to get the embattled office-sharing company back on track and working towards profitability. For over an hour, Claure spoke broadly about WeWork’s values as well as the company’s need to regain trust with both members and the public,
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on October 3, 2019 in New York City. Drew Angerer | Getty Images An unusual trend in the stock market emerged recently as the latest sign that perhaps greed is the driving force behind the rally
Almost all the leading altcoins are shrinking in value today after Bitcoin (BTC) crashed below the $7,000 mark earlier on Friday before recovering to around $7,300 at the time of writing. The sizeable decline in BTC sent crypto investors scrambling as altcoins followed suit, with Ethereum (ETH), Ripple (XRP), and Binance Coin (BNB) leading the
The year commenced with a massive rally in Bitcoin (BTC) that ultimately led to a sustained bull run, and the price of the world’s biggest cryptocurrency eventually reached levels that raised visions of 2017’s climb. However, that eventually came to an end, and the last few months have been pretty tough for the crypto industry
In an appearance on Fox TV Friday morning, President Trump said a trade deal with China is close, and while the statement helped markets rally, most observers remained skeptical, expecting trade tensions to continue into next year. “The bottom line is we have a very good chance to make a deal,” he said. President Trump
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