Month: November 2020

Chinese government-backed blockchain initiative, the Blockchain Service Network, or BSN, is introducing support for another batch of major blockchain protocols. On Nov. 26, it announced that it will integrate Polkadot, Oasis and Bityaun into its ecosystem on Nov. 30. Polkadot’s blockchain protocol is designed to connect multiple specialized blockchains into one unified network. Polkadot also enables
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South Africa Unveils New Crypto Rules as Usage Soars Exponentially The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.” South Africa’s Crypto Regulation South Africa’s … read more. Silk Road
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Thus far, the risk pooling discussion has focused on annuities. Another form of risk pooling for longevity is available through life insurance, and this chapter* explores the ways that life insurance can potentially be incorporated into lifetime financial planning. This discussion is mostly about whole life insurance in comparison to term life insurance, but other
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Federal Reserve officials discussed providing more guidance on their bond-buying strategy during their Nov. 4-5 policy meeting. “Many participants judged that the Committee might want to enhance its guidance for asset purchases fairly soon,” according to meeting minutes published Wednesday by the Fed. In addition, “most participants judged that the guidance for asset purchases should
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Today’s seesaw markets can be worrisome to investors saving for retirement. Watching account values rise and fall can cause you to feel anxious about your simplified employee pension (SEP) plan. However, your SEP has more advantages than disadvantages, even during times of market volatility. Key Takeaways A simplified employee pension (SEP) is a type of individual retirement
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U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell are seated to testify before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington, U.S., September 22, 2020. Joshua Roberts | Reuters The Federal Reserve could provide clues
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Chinese state media are marshalling fringe theories to argue that the coronavirus pandemic began outside China, ahead of a World Health Organization investigation into the origins of the virus. People’s Daily, the official Chinese Communist party newspaper, said in a Facebook post on Wednesday that “all available evidence” suggested the virus “did not start in central
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Aviva is resuming dividends paused in the first wave of coronavirus infections, though the payment will be rebased following the recent sale of its Singapore and Italy businesses. Amanda Blanc, chief executive officer, said Aviva’s simplification programme was making good progress and set a target for total 2020 dividends at 21p, down from 30p in
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The slump in annuity sales stemming from low interest rates hasn’t extended to some products designed for protection and a little bit of upside during economic turmoil. Fixed-rate deferred annuities such as multi-year guaranteed annuity products, as well as registered index-linked annuities — also known as structured or buffered variable annuities — are moving at
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Analysts are pointing to demand from financial institutions and publicly listed companies as the primary forces behind BTC’s sudden re-test of its all-time highs. “The primary reason for the steady grind up in Bitcon has been the increased interest and aggressive buying activity from institutions,” said Nick Cote of gamified trading platform Hxro Labs. “A
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It was a day for the record books as the Dow Jones Industrial Average crossed and closed above 30,000 for the first time in history. The combination of positive vaccine news, the official transition from the Trump administration to the Biden administration acknowledged by President Trump, the naming of Janet Yellen as Biden’s choice for
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