Cleveland, Ohio’s upcoming $70 million sale of taxable refunding bonds will free up capacity for new debt issuance. The city is pricing the bonds the week of Feb. 10 for an anticipated $7 million in savings, according to city debt manager Betsy Hruby. The bonds are secured by a subordinate lien of the city’s income
Month: February 2020
It was only December when the entire decentralized finance (DeFi) market was worth less than $700 million. Early this morning, it hit $1 billion, a figure that even the most fervent blockchain skeptics would have a tough time dismissing as meaningless. That figure is the measure of all the crypto held in projects that lend,
Harvard researcher Mutale Nkonde examines technology through the lens of whether it improves people’s lives. She is an expert on how technological systems impact communities of color and she’s helped craft bills on deep fakes, biometric surveillance and algorithmic bias that have been introduced to Congress. As part of our ongoing Election 2020 series, we
Traders fill orders in the S&P options pit near the close of trading on the Cboe Global Markets trading floor on January 31, 2020 in Chicago, Illinois. Scott Olson | Getty Images The uncertainty around the coronavirus could continue to carry more weight in markets than corporate earnings or the consumer inflation and spending data
Alexandru Mitrita #28 of New York City tries to work his way around Toronto FC defenders during 2019 MLS Cup Major League Soccer Eastern Conference Semifinal match between New York City FC and Toronto FC at Citi Field on October 23, 2019 in the Flushing neighborhood of the Queens borough of New York City. Ira
Drew Angerer | Getty Images Amazon could potentially tag-team with the world’s biggest wrestling brand to gain an advantage in the streaming wars, according to a Needham. Not only could the Jeff Bezos-led tech retail juggernaut buy the streaming rights to World Wrestling Entertainment content, but it also could potentially buy the whole company one
Altcoins had a pretty disappointing time in 2019, but since the turn of the year, it has been a different story, and one of the altcoins that could be watched closely at this point is Tezos (XTZ). Over the course of the past seven days, XTZ has enjoyed a sustained rally and has emerged as
The municipal market is taking down new-issuance with ease while taxable bonds continue to be a growing portion of the calendar. With rates low and demand significantly outpacing supply, some see a market in uncharted territory. “This is truly a golden age for our market,” said Dan Heckman, senior fixed-income strategist at U.S. Bank Wealth
U.S. President Donald Trump tweeted last year he isn’t a huge fan of bitcoin (BTC) and other cryptocurrencies. They’re “not money,” he wrote in July, saying their value is “highly volatile and based on thin air.” Now, crypto traders outside the U.S. can make their feelings known – and perhaps some money – on the
Why isn’t the average person into bitcoin? That was the question posed by Blockstream’s Selene Jin at the Advancing Bitcoin conference in London on Thursday, in a room with some of the most hardcore bitcoiners on the planet. Her answer? “Normies don’t understand money, have no long-term vision, or the ability to think outside the
Workers carry a wall frame for a home under construction at a K. Hovnanian Homes development in Plano, Illinois, U.S., on Wednesday, May 15, 2019. Daniel Acker / Bloomberg / Getty Images Economists forecast a slight pickup in job growth in January over December, but warmer weather could have been a positive factor that could
Fierce competition for lower-end homes, thanks to a combination of low mortgage rates and record low supply, is driving prices higher. That can make it difficult to figure out whether its cheaper, on a monthly basis, to own or rent. The answer is: It depends where you are. The nation’s top 50 metropolitan areas are
CNBC’s Jim Cramer expressed concerns about the fundamentals of Casper Sleep‘s business ahead of the online mattress startup’s Thursday debut as a publicly traded stock. Shares opened at $14.50, an over 20% increase from its offering price. “The losses here are staggering” for the business, Cramer said on “Squawk on the Street.” Casper, which started
Bakkt has announced that it will acquire loyalty program provider Bridge2 Solutions in a move that could open up a trillion-dollar market for the fledgling crypto exchange, according to the CEO of its parent company, the Intercontinental Exchange (ICE). Bridge2 is a loyalty rewards platform for merchants and financial institutions with a combined total of
The last of the week’s municipal bond issuers hit the screens as issuers continued to take advantage of near-record low interest rates. The market was little changed after getting hit the past two days with some weakness. Issuers pricing Thursday saw bumps in repricings and both exempts and taxables were well received. Taking a look
Blockstack is giving its long-term holders a new way to earn bitcoin. Announced Wednesday, the decentralized-web startup is rolling out a new consensus mechanism that essentially presents a fresh use case for the world’s most popular cryptocurrency. When version 2.0 of Blockstack’s Stacks blockchain comes out, miners on the network will need to post BTC
SEC Commissioner Hester Peirce wants to give legitimate crypto projects a shot at success without running afoul of U.S. securities laws. The two-year official at the Securities and Exchange Commission – nicknamed “CryptoMom” by the blockchain community – has formally proposed a safe harbor for token projects. It would give them some breathing room to
A view of the Casper mattresses during Casper’s LA celebration at Blind Dragon on July 9, 2015 in West Hollywood, California. Rachel Murray | Getty Images Mattress firm Casper priced its initial public stock offering at $12 a share on Wednesday evening, Dow Jones reported, a significant haircut to its prior price talk. The firm
Russia’s reluctance to jump on board a bigger OPEC production cut may signal a potential fissure within the oil producer alliance, known as OPEC plus. Led by Saudi Arabia, other OPEC producers and Russia were considering an emergency meeting to cut production in response to the impact of the coronavirus, but it’s not now clear
Signage is displayed at the FirstEnergy Corp. Bruce Mansfield coal-fired power plant in Shippingport, Pennsylvania. Justin Merriman | Bloomberg | Getty Images The best two sectors so far this year are the fast-growing tech sector and stodgy old utilities, continuing an odd race that has been going on for more than 18 months. The utilities
Craig Wright, the self-professed creator of Bitcoin (BTC), has been accused of abusing attorney-client privilege in order to block documents from being used as evidence in the ongoing trial against him. Australian computer scientist and businessman Craig Wright is being sued by the family of his deceased business partner Dave Kleiman for US$10 billion in
The muni market was weaker again on Wednesday with yields on the rise, yet that did not slow down the primary one bit. It did not matter if it was a traditional tax-exempt deal or a taxable deal — they were gone in a flash. Primary marketWednesday was the busiest day this week, as four
A U.S. court has dismissed a lawsuit accusing bitcoin cash proponents including Bitmain, Bitmain co-founder Jihan Wu, Kraken, Kraken founder Jesse Powell and Roger Ver of manipulating the cryptocurrency’s price during a 2018 hard fork that created bitcoin SV. Florida-based tech and blockchain development company United American Corp – “UnitedCorp” – accused nine defendants of
The coronavirus outbreak in China may impose a longer-term impact on the bitcoin network’s mining activity at a time when an estimated 65 percent of its computing power is located there. While Chinese miner manufacturers see rising demand for new equipment ahead of bitcoin’s scheduled halving in May, they estimate the disease may limit growth
Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images Check out the companies making headlines in midday trading. Ford — Ford was the biggest loser in the S&P 500 in early trading, with shares plunging more than 9% after the
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Homeowners rushed to take advantage of the sharp drop in interest rates last week. Refinance demand pushed mortgage application volume up 5% for the week to the highest level
Tesla CEO Elon Musk presented the first batch of made-in-China cars to ordinary buyers on January 7, 2020 in a milestone for the company’s new Shanghai “giga-factory”, but which comes as sales decelerate in the world’s largest electric-vehicle market. STR The Saudi Arabia Public Investment Fund dumped 39,000 shares of Tesla in the fourth quarter
Mastercard CEO Ajay Banga says his company left The Libra Association after his attitude towards the project deteriorated over proposals to link the coin with its own built-in wallet, Calibra, as well as the lack of a clear business model. In an interview with the Financial Times, the payment services chief, who has headed up
New muni and taxable muni issuance was easily absorbed as yields moved up off of the record lows they hit last week. “The new-issue deals continue to be easily absorbed,” said Peter Block, managing director, credit and market strategy at Ramirez. “Secondary market activity is robust with above-average bid-wanted lists and trading volumes. Dealer inventories
With Iowa election results still unconfirmed, Markets Daily is back and digging into the question… Would a blockchain have helped? Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary