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Sotheby’s, the British-founded American luxury auction house, has announced the company will be selling Banksy works for real-time bids in ethereum at “The Now Evening Auction” on November 18. While the upcoming auction will have pieces from highly acclaimed artists such as Mark Bradford and Yoshitomo Nara, Banksy’s “Love in the Air” and “Trolley Hunters”
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Today’s Social Security column addresses questions about whether waiting till 70 is always the best strategy, how the Windfall Elimination Provision and the Government Pension Offset can reduce benefit amounts and whether to take survivor’s benefits or retirement benefits first. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
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Since Meta (FB), formerly Facebook, launched its social network in 2004, its features have expanded significantly. The vision of its founder, Mark Zuckerberg, began as a way to take the social dynamics of a college campus and put them online. Key Takeaways Sending money through Facebook is simple: users simply need to enter a debit
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Rafael Henrique | LightRocket | Getty Images A McKinsey partner was arrested Wednesday after being criminally charged with insider trading ahead of Goldman Sachs‘ recent $2.2 billion acquisition of fintech lender GreenSky. A complaint unsealed Wednesday in federal court alleged that Puneet Dikshit, 40, exploited information he gained about his client Goldman Sachs’ pending takeover
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When tussling with his record company in the 1990s, Prince famously wrote “slave” on his face and declared: “If you don’t own your masters, they own you”. As he sought to gain control of his work, he threatened to make a new copy of his “masters”, or original song recordings, among other tactics. It took
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As clients clamor for investments dubbed socially responsible, regulators are closing in on how the widely used environmental, social and governance (ESG) moniker is bestowed and deployed. It’s an urgent challenge. This year, the SEC cautioned companies and funds that tout their ESG practices and labels. As the wealth management industry talks up the benefits
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Sharing is Caring! by confoundedinterest17 The Shadow Knows! Wu-Xia employs an approximation that makes a nonlinear term structure model extremely tractable for analysis of an economy operating near the zero lower bound for interest rates. It can be used to summarize the macroeconomic effects of unconventional monetary policy (ZIRP + QE). The Shadow Rate is now
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United States crypto exchange FTX US registered a large uptick in trading volumes and investor activity during the third quarter, underscoring heightened retail appetite for digital assets amid the volat bull market.  FTX US saw average daily volume grow 512% for the quarter ending in September, with peak volumes hitting $807 million on Sept. 7,
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press release PRESS RELEASE. MetaWars, a space-themed play-to-earn blockchain game utilising high-tech NFTs, is looking forward to a very bright future following a successful token launch. The game, in which players will take the role of pilots in a futuristic, post-apocalyptic 50th century space war, will utilise special NFTs, its native token, as well as
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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
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The “Paycheck Protection Program,” created as part of the CARES Act, began accepting applications for small businesses loans of up to $10 million at a 1% fixed interest rate on April 3, 2020. The third coronavirus stimulus bill allocated $349 billion for this purpose. The SBA stopped accepting PPP loan applications on May 31, 2021.
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A brokerage firm accused of churning client accounts and years of supervisory failures has settled with FINRA to the tune of $2.8 million. FINRA announced Tuesday it had sanctioned Aegis Capital, a New York-based firm with 300 registered representatives in its 23 branch offices, in a case involving allegedly excessive and unsuitable trading in customer
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