Stablecoins, such as tether and USDC, are cryptocurrency tokens tied to a basket of assets meant to “peg” each token’s value to a stable currency, such as U.S. dollars. By far the most worrisome element of stablecoins is that the assets backing them are not subject to consistent oversight, raising serious concerns about their quality
Month: November 2021
Cristosal no fue la única ONG que abordó el problema. Acción Ciudadana, una organización sin ánimo de lucro especializada en auditoría social, presentó una notificación a la Fiscalía General de la República (FGR) el 12 de octubre después de que el presidente del grupo, Humberto Sáenz, y el director, Eduardo Escobar, descubrieran que hackers habían
On January 1, 1999, the European Union introduced its new currency, the euro. The euro was created to promote growth, stability, and economic integration in Europe. Originally, the euro was an overarching currency used for exchange between countries within the union. People within each nation continued to use their own currencies. Within three years, however,
In this article AMZN A rendering of ABL Space’s RS1 rocket launching Project Kuiper satellites for Amazon. Amazon Amazon aims to launch its first Project Kuiper internet satellites in the fourth quarter of 2022, the company announced on Monday. The technology giant filed a request with the Federal Communications Commission to launch and operate its
India’s prime minister Narendra Modi vowed to cut his nation’s emissions to net zero by 2070, a major turnround for the world’s third-largest polluter, as part of a several new targets set on the first full day of the COP26 climate summit. India would get half its energy from renewable sources by the end of
Chancellor Rishi Sunak has very limited room for manoeuvre in his efforts to restore budgetary discipline before the next general election, especially if interest rates start to rise, the UK fiscal watchdog has warned. Richard Hughes, head of the Office for Budget Responsibility, said on Monday that Sunak had left himself little wriggle room to
As more financial advisors adapt impact investing tools into their practices, one planner launched an index tracking which firms are embracing neurodiversity. The term refers to the principle that autistic people, as well as those affected by dyslexia, attention deficit hyperactivity disorder, social anxiety disorders or other conditions, should have comprehensive workplace accommodations enabling them
A mechanic works on a motorcycle at a Harley-Davidson showroom and repair shop in Lindon, Utah, on Monday, April 19, 2021. George Frey | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Franklin Resources — Shares of the asset manager jumped 12% after the company reported better-than-expected quarterly earnings. Franklin
Sharing is Caring! by Chris Black I don’t know about you, but lord Zucc is giving me the creeps. [embedded content] From what we’ve learned from the presser, this “Metaverse” thing is clearly a design for a future where people have brain implants and live most of their lives in virtual reality. Blue pill anyone?
If you’re thinking about selling your home, you probably already know that inventory has never been lower. For the first time in nearly 15 years, you—the seller—are back in driver’s seat. That doesn’t mean you should hike up the price and be greedy, but you do have an advantage over other sellers whose homes sat
zxvisual | iStock | Getty Images Like many other renters during the pandemic, Trish DaCasta nabbed an apartment that she normally couldn’t afford. The upgrade was a big one: She was able to leave the place she’d been sharing with roommates for more than five years for a studio of her own in a luxury
Inflation continues to remain hot in the United States as supply constraints and higher oil prices continue, seeing barrels of crude surge above $80 per unit. Meanwhile, data released on Friday indicates that consumer expenditures have risen to 4.4%, the highest run-up of inflation the country has seen in 30 years. Inflation Continues to Rise
The United States is not the only nation facing a retirement savings crisis. Many advanced, post-industrial democracies are struggling with similar challenges presented by an aging population. And just like in the U.S., these countries may have a variety of different retirement savings plans offered to workers. Canada, a nation with which the U.S. shares
California’s congested ports are getting a $5 billion injection of loan money that won’t solve its immediate congestion problems but will help modernize the ports in years to come. California Gov. Gavin Newsom and U.S. Transportation Secretary Pete Buttigieg announced Thursday the state’s ports could tap funding through the Transportation Infrastructure Finance and Innovation Act
Domestic spot gold with purity of 24 carats opened at Rs 47,776 per 10 grams. Gold Price In India: Gold futures rise on Monday, November 1, taking cues from the international spot prices. On the Multi Commodity Exchange (MCX), gold futures due for a December 3 delivery, were last seen 0.20 per cent up at
There are a lot of balls in the air; balls known as inflation vs. deflation and… by Gary Tanashian from Notes From The Rabbit Hole Inflation has permeated the macro markets; where to from here? Apologies in advance for some of the possibly confusing content to follow. But if this were easy anyone could do
Fast-food chain Burger King has partnered with Robinhood to give away free cryptocurrency to its customers — offering a compelling sign that appetites for digital assets are growing. From Nov. 1 through Nov. 21, Burger King customers in the United States who spend $5 or more will be given free crypto, primarily in the form
Costco Wholesale Corporation (NASDAQ: COST) goes against the grain. In today’s world of shopping via smartphone and next-day delivery, Costco remains the largest warehouse retailer in the United States. Its secret is simple: Instead of trying to compete on margins alone, the company sells membership cards. And it sells a lot of them. Costco counted
Barry Silbert, Founder and CEO, Digital Currency Group David A. Grogan | CNBC Digital Currency Group is selling shares to SoftBank and Google’s venture capital arm in a deal that values the crypto conglomerate at more than $10 billion. The Manhattan-based, private company announced a secondary round on Monday, in which existing investors are selling
European equities on Monday added to a record high hit last week, as investors shrugged off concerns about central bank rate rises in response to high inflation. The regional Stoxx 600 share index rose 0.6 per cent in morning dealings. London’s FTSE 100 gained 0.5 per cent and futures tracking Wall Street’s S&P 500 climbed
Jes Staley’s strongest attribute as chief executive of Barclays — instinctive risk taking — has been his downfall. The trigger for his departure is a dispute over business ethics, a problem for the UK bank itself long before he joined in 2015. The Financial Conduct Authority is evidently unhappy with his characterisation of his relationship
Former hedge fund manager Nelson Saeirs’ paintings visually represent the volatility trading algorithms he used on Wall Street. This one is titled, “The VIX over 40.” A reading in the VIX volatility index over 40 has historically preceded huge market losses Source: Nelson Saiers If there ever was a year active management should have outperformed
Bank of America Securities analyst Doug Leggate reiterated a Buy rating on Exxon Mobil (XOM – Research Report) today and set a price target of $95.00. The company’s shares closed last Friday at $64.47, close to its 52-week high of $65.94. According to TipRanks.com, Leggate is a 4-star analyst with an average return of 7.1%
Take a look at some of the biggest movers in the premarket: Harley-Davidson (HOG) – The motorcycle maker’s shares soared 9.4% in the premarket after the U.S. and the European Union ended a dispute involving steel and aluminum tariffs. Harley could have paid European tariffs of 56% if the dispute had not been resolved. Spotify
Sharing is Caring! by Michael Snyder Is there a hidden message in Facebook’s new name? Like most of you, I was quite surprised to learn that Facebook is going to be called “Meta” from now on. As one of the biggest corporations in the entire world, this is not something to be done lightly. I
The leader in news and information on cryptocurrency, digital assets and the future of money, 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 of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk
The leader in news and information on cryptocurrency, digital assets and the future of money, 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 of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk
Kevin is the Founder of Marker Real Estate, an innovative firm with a transparent, inclusive, client-focused strategy. I’ve always said that anyone can achieve business success, but only if they build the right systems. What are systems? At their core, systems are anything designed to make your life or work easier. When you build great systems,
South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider SA, Godongwana’s timeframe for the public to comment on the draft proposals suggests he wants
The economy grew at an annualized inflation-adjusted rate of 2.0% in the third quarter of 2021, a sharp drop from the second quarter’s 6.7%. This slowdown reflects the broad reach of the ongoing global pandemic. Surging cases in the summer made people more leery about going out. Overseas customers of U.S. businesses struggled with widespread