A New Orleans resident has been charged for selling bitcoin without registering with the Financial Crimes Enforcement Network (FinCEN). If convicted, the seller may receive a maximum of five years in prison, a maximum $250,000 fine, up to three years of supervised release, and a $100 mandatory special assessment. Bitcoin Seller Faces Jail Time The
Month: June 2021
Thanks to the Tax Cuts and Jobs Act enacted in 2017, use of donor-advised funds (DAFs) is soaring. They remain one of the best ways for many people to maximize the tax benefits of charitable giving. Contributions to DAFS increased by 80% from 2015 to 2019, according to the National Philanthropic Trust (NPT). Grantmaking from
A California bill that would require cities and counties to post on their websites how much police brutality and misconduct lawsuits cost them annually is gaining momentum. Assembly Bill 603, authored by Assembly Member Kevin McCarty, D-Sacramento, passed with a unanimous vote in the Assembly and is being heard July 5 in the Senate Committee
Nicole Ahsinger has sealed her spot as the sole U.S. women’s trampoline representative at next month’s Tokyo Olympics. Until earlier this month, the U.S. was in jeopardy of not qualifying in the event for the first time since trampoline, a discipline of gymnastics, made its Olympic debut in 2000. Then, at the final World Cup
The key to the emergence of the boom-bust cycle is the expansion in money supply out of “thin air.” The increase in the supply of gold has… by Frank Shostak via Mises According to the Austrian business cycle theory (ABCT), the boom-bust cycle emerges in response to a deviation in the market interest rate from
Decentralized finance has become one of the fastest-growing sectors within the cryptocurrency ecosystem over the past year. At the time of writing, the total value locked in DeFi has exploded to over $100 billion. Despite impressive figures, decentralized finance is still in the beginning stages of development, which begs the question: What’s next for this
The most important economic indicator for investors in the automotive sector is, not surprisingly, auto sales, but the unemployment rate and consumer confidence are important to watch as well. One more number to keep an eye on is the current interest rate. It’s not technically an economic indicator, but the direction of loan rates has
Hong Kongers were the mourners and the city’s newsstands the funeral parlour as residents lined up across the city to buy the final edition of Apple Daily. The pro-democracy newspaper was an irritant for the city’s authorities for decades. The company was forced to close after officials froze its assets and arrested senior journalists under
I’m disappointed that the FT describes the Pipistrel electric aircraft as capable of “carbon-free” flight (“My flight into the future”, Life & Arts, FT Weekend, June 19). I expect better analytical skills from a finance-focused publication. At least some of the electricity to charge the plane’s batteries comes from carbon-based fuel sources that have less
(Bloomberg) — Peter Thiel, the billionaire co-founder of PayPal who is a vocal opponent of higher taxes, had amassed $5 billion in a tax-free Roth individual retirement account by 2019, ProPublica reported, citing confidential IRS records. Investment gains in Roth IRAs are never taxed, and the accounts are subject to contribution and income rules designed
In the biotech space, big announcements often precede big share price movements; both were on tap for Entera Bio (ENTX) on Wednesday. Entera shares took off after the company provided an update from the placebo-controlled, double blind Phase 2 trial of EB613, Entera’s drug candidate for the treatment of osteoporosis. Following 6 months of treatment,
Virgin Galactic SpaceShipTwo spacecraft Unity during a glide flight test in New Mexico. Virgin Galactic Virgin Galactic — Virgin shares soared more than 36% after it announced the Federal Aviation Administration has given it the green light to fly paying customers into space. It’s the first such license approved by the FAA. The company has
Los Angeles home prices aren’t the only thing hitting new heights these days. Even condominiums—long an afterthought of L.A.’s housing market—are now seeing prices soar upwards, matching the recent appetite for single-family homes. On the heels of Matthew Perry’s sale at the Century Tower, the Presidential Penthouse at The Wilshire, one of the most exclusive
Over the last seven days, there have been close to 18,000 non-fungible token (NFT) primary sales worth over $12.7 million. This week also saw a great number of non-fungible token (NFT) announcements surrounding big names like DeLorean Motor Company, the renowned NFT artist Beeple, the Grateful Dead’s Jerry Garcia, USA Today and more, as the
By Kerry Hannon, Next Avenue Two years ago, Edgar Maxion, 54, stepped away from his position as chief facilities officer at Stanford University. After more than two decades in facilities and construction management, he was burned out. “I was doing eight projects at once,” he said. “I wasn’t seeing straight. I couldn’t even sleep at night.”
The Federal Reserve might consider an interest-rate hike from near zero as soon as late 2022 as the labor market reaches full employment and inflation is at the central bank’s goal, Federal Reserve Bank of Boston President Eric Rosengren said. “The criteria is that we have a sustainable inflation rate, that’s 2% or above, and
Editor’s Note: Don’t miss Kitco’s LIVE interview with Gareth Soloway, chief market strategist of InTheMoneyStocks.com, on Tuesday, June 29, at 4:00 pm EST, to be hosted by anchor David Lin. Comments and questions will be taken. (Kitco News) The confusion over the Federal Reserve’s hawkish message followed by Jerome Powell’s dovish testimony has created a
The overt and costly signs of the despotism exercised by the increasingly authoritarian regime that passes itself off as the United States government are all around us… by John Whitehead and Nisha Whitehead via The Rutherford Institute “When plunder becomes a way of life for a group of men in a society, over the course
In times like these, when the entire cryptocurrency market is down and there is nary a sector-wide runup to be found, traders have to dig into data to see how the market dynamics may have changed to pinpoint signs of new growth. Stablecoins are the newest trend to emerge in the decentralized finance (DeFi) arena
What if losing a job, even temporarily, means you need rent relief? As states attempted to slow the spread of the coronavirus by imposing lockdowns or stay-at-home orders, paying the rent became more difficult. Even after many states lifted lockdowns, economically impacted renters have wondered what relief they can get to help pay the rent
Sir Richard Branson, left, and CEO Michael Colglazier celebrate the company’s third spaceflight test on May 22, 2021. Virgin Galactic Jeff Bezos plans to launch himself to the edge of space on July 20, but fellow billionaire Sir Richard Branson might still try to fly with Virgin Galactic first. Virgin Galactic leadership previously stated the company
There are many villains in the story of pop star Britney Spears. There are the pundits, who used her for sexual titillation when she was a girl and as a punchline when she was a young woman. There are the paparazzi, who harassed her when she was with her baby. There are ex-boyfriends, hangers-on and
Your article on Cape Cod’s housing market (House & Home, FT Weekend, June 19) recalled the writing of Sir Thomas More, now over 500 years old. In Utopia he described the conundrum that Cape Cod — indeed any such peaceful getaway — is going to provide to the city dwellers flocking there. Such a hot
An independent consulting firm has launched a mobile application that will bring training programs, tools and insights straight into the hands of financial advisory firms. From Herbers & Company, the Academy mobile app, available on desktop, iOS and Google, will give users practice-management ideas with a subscription fee. Angie Herbers, the company’s founder and CEO,
Memory giant Micron (MU) will take center stage next week when it delivers May quarter (F3Q) results on Wednesday (June 30, AMC). As the company already made a positive preannouncement on the quarter’s action a few weeks ago, Deutsche Bank’s Sidney Ho isn’t anticipating “many surprises.” Micron sees revenue coming in at or even above
Traders on the floor of the New York Stock Exchange. Source: NYSE The monthly jobs report is the highlight in the coming week, as June winds down and markets start the second half of the year. Economists are expecting about 700,000 jobs. That’s better than the 559,000 in May but below the forecasts of several
The weather is warm and the water is calling. From a French apartment with a private pool to a riverfront home in Florida, these properties are sure to make a splash. Mansion apartment with private pool Location: Lyon, Auvergne Rhone Alpes, France ADVERTISEMENT Price: $2.195 million Modern living, chateau style. This restored 19th century mansion
A building in Massachusetts where some tenants are not paying rent. Source: Howard Simon The one-month extension of the Centers for Disease Control and Prevention’s eviction moratorium was welcome news for tenants but another nail in the coffin for some struggling landlords. Groups representing landlords had been lobbying hard to end the moratorium and now
Banks and credit unions of all sizes can now facilitate the buying, selling, and holding of bitcoin within their banking platforms thanks to a collaboration between Finserv and New York Digital Investment Group (NYDIG). Finserv currently has about 10,000 financial institution clients. All Banks Can Now Let Customers Buy, Sell, Hold Bitcoin via Bank Accounts
By Tracey Y. Smith, Next Avenue Watching “In the Heights,” the hot summer movie launching in theaters and on HBO Max this week, you’ll see the effervescent 66-year-old dancer Lillian Colón. This is the first big film for Colón, a native New Yorker and Puerto Rican who became the first Latina Radio City Rockette in 1987. The
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