Deutsche Telekom AG, Europe’s largest telecommunications company by revenue, is now one of the main data providers to Chainlink – the omnipresent oracle service on which decentralized finance (DeFi) relies. Not only that, Deutsche Telekom subsidiary T-Systems Multimedia Solutions (MMS), says it has begun staking on the Flow Network, the ultra-scalable proof-of-stake (PoS) blockchain from
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Tesla is overvalued, but Bitcoin has no value. Will one bubble be the pin for another bubble? by Peter Schiff of Peter Schiff Podcast Elon Musk dumps Tesla shareholder money into Bitcoin.Tesla is overvalued, but Bitcoin has no value.Will one bubble be the pin for another bubble?The establishment is behind Bitcoin!Dogecoin is better than Bitcoin.
Momentum trading is all the rage these days. That’s one way to explain the 22% gain in Hanesbrands (HBI) stock after it reported fourth quarter earnings on February 9. This is not to say that the report wasn’t good. The company, known for its comfort apparel, delivered a comfortable beat on both the top and
Getty Images Investors are waiting for inflation to pick up, but the consumer price index should show just a slight gain in January, boosted by rising gasoline prices. Economists expect a consensus 0.3% increase in the index, a measure of inflation, or a year-over-year gain of 1.5%, according to Dow Jones. Excluding food and energy,
by Charles Hugh-Smith Unfortunately for those at the top who’ve benefited immensely from speculative bubbles, speculative bubbles don’t create a vibrant middle class–they push what’s left of the middle class off a cliff. What exactly is the Middle Class and what unique role does it serve in the economy? Given that the Middle Class is constantly invoked by politicos and
Many people struggle to carve out the funds they need to build up their retirement nest eggs. Fortunately, a non-refundable tax credit, known as the retirement savings contribution credit, can make it substantially easier to save. Often referred to as the saver’s credit, it lets qualified individuals enjoy tax breaks above and beyond any tax
A government-commissioned inquiry has slammed Crown Resorts as not fit to operate its newly built A$2.2bn ($1.7bn) Sydney casino, dealing a blow to the ambitions of billionaire mogul and largest shareholder James Packer. The final report published on Tuesday blasted the poor corporate governance, risk management and arrogance shown by Crown, which has admitted it
The contents of the Starlink Kit for customers, which includes the satellite antenna dish, a stand, its power supply, and a WiFi router. SpaceX SpaceX once again widened the scope of the public beta test of its Starlink satellite internet service, with Elon Musk’s company on Monday beginning to accept preorders from potential customers. Prospective
EU and UK officials meet in London on Thursday amid worsening relations that suggest 2021 has been pretty much a rinse and repeat of 2020. Maros Sefcovic, European Commission vice-president in charge of relations with the UK, and his counterpart Michael Gove will hold crunch talks about the Northern Ireland protocol, which has been the
With a billion-dollar fund manager facing a barrage of regulatory cases, the wealth managers that sold its pricey alternative products could be left holding the bag. Hundreds of clients have already filed FINRA arbitration cases involving sales of $1.8 billion worth of GPB Capital’s limited partnerships, according to plaintiff attorneys. After fraud cases last week
The United Nations has accused the North Korean state of stealing $281 million worth of crypto from an exchange during September 2020. According to Reuters, the findings from a “confidential report” authored by independent sanctions monitors for U.N. Security Council members “strongly suggests” links between the hack’s perpetrators and the North Korean regime. Reuters quoted
Over $3 billion worth in bitcoin seized by the U.S. Department of Justice (DOJ), belonging to Silk Road, are likely linked to a former U.S. Secret Service agent. The latest findings suggest that “Individual X” is, in fact, Shaun Bridges. Bridges Is Set to Be Freed in November Per recent court filings, cited by Fortune,
Illinois Gov. J.B. Pritzker won’t ask lawmakers to approve a major tax hike to help close the now $3 billion projected gap in the fiscal 2022 budget he unveils next week. The budget proposal to be unveiled on Feb. 17 during his annual budget address will hold the line on spending, close corporate tax loopholes
Gold price on Wednesday inched up by Rs 540 to Rs 47,890 from Rs 47,350, while silver price soared to Rs 70,200 per kg, according to the Good Returns website. Gold jewellery prices vary across India, the second-largest consumer of the metal, due to differing excise duty, state taxes, and making changes in different states.
“…like sending the high school dance team to take on a troupe of Navy Seals…” by Michael Ballanger via Streetwise Reports If someone were to ask me my opinion precious metals tape action during the period between Jan. 28 and Feb. 1, 2021, two words would come to mind, with the first being “enlightening,” and
Oshkosh (OSK) might lack the glam associated with electric vehicle-focused companies, but the specialty truck maker knows which way the wind is blowing. Last Thursday, the company announced it is investing $25 million in Microvast, an EV battery manufacturer. The two have also signed a joint development agreement to advance future battery collaborations, which will
Wall Street Bull statue in New York’s Financial District. Erik McGregor | LightRocket | Getty Images Rising interest rates can set off alarms in the stock market, but strategists say be prepared, not afraid. For now, interest rates are rising with the idea that inflation will also go higher. But the alert right now is
by Michael Snyder The economic downturn that we are currently experiencing is making the last recession look like a Sunday picnic. Yes, 2008 and 2009 were bad, but they weren’t anything like this. Unprecedented intervention by the Federal Reserve has allowed the rich to get even richer during this crisis, but meanwhile millions upon millions
If your employer offers life insurance as part of your employee benefits package, you may think you’re covered. But the amount of life insurance your employer provides could be insufficient to cover your family’s needs if something were to happen to you. In that case, you may want to consider supplemental life insurance, either through
Twitter’s user growth fell short of expectations for the second quarter in a row and it warned that the pace of growth would slow in 2021 as a pandemic-related boost wears off. The San Francisco-based social media company said that revenues in its fourth quarter rose 28 per cent year-on-year to $1.3bn, beating analyst consensus
If anybody on Wall Street is due a victory lap, it’s Daniel Pinto. The head of JPMorgan Chase‘s massive corporate and investment bank is fresh off a year for the record books: Pinto’s business produced $49.3 billion in revenue and $17.1 billion in profit in 2020, more earnings than JPMorgan’s three other divisions combined. But
US oil production will continue its coronavirus-driven decline through at least June, according to government forecasts. Output is expected to slide from 11m barrels a day in January to about 10.9m in June, the Energy Information Administration said on Tuesday, down from a pre-pandemic peak of 12.9m. US president Joe Biden is set to meet
Four months after its acquisition of TD Ameritrade, Charles Schwab is laying off another round of employees, according to the company. Schwab notified approximately 200 employees on Feb. 8 that their roles were being eliminated, according to a company spokeswoman. “These job reductions are part of our continuing efforts to reduce overlapping or redundant roles
Growing institutional interest in Bitcoin (BTC) helped elevate the top cryptocurrency to a new record high on Feb. 9 and led to a total market cap value higher than the market cap of the Russian ruble. Data from Cointelegraph Markets and TradingView shows Bitcoin established a new all-time high of $48,220 in the early hours
Broker Associate at LIV | Sotheby’s International Realty based in Breckenridge, Colorado. getty In the last few years, we have learned that adapting to ever-changing business practices is essential to remaining relevant and successful in any business. Real estate professionals are no different. Although technology continues to disrupt the way we conduct business, technological advancements are a great
A demonstrator at a June 30 Cancel Rent and Mortgages rally in Minneapolis. Brandon Bell | Getty Images Mortgage delinquencies in November fell to their lowest level since the start of the coronavirus pandemic, though the number is still far higher than the rate a year earlier. Just under 6% of all U.S. mortgages —
Following the revelation that Tesla now owns $1.5 billion in bitcoin, crypto spot markets across the board skyrocketed. Data shows that crypto derivatives markets also saw significant demand as bitcoin futures open interest tapped $15 billion on Monday. Moreover, this week was the start of ethereum futures on CME Group’s exchange, and ether-based futures registered
The Federal Reserve’s Main Street Lending Program, which was designed to provide emergency support to mid-size U.S. companies during the pandemic, lent out a total $17.5 billion — or just 3% of its potential capacity — according to data released Tuesday by the central bank. The program was maligned from the start: slow to get
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Bitcoin got all the attention after Tesla CEO Elon Musk announced a $1.5 billion investment in the cryptocurrency. But there
Ahh, the delusions of grandeur during times of economic collapse… (by Half Dollar) Forget the crappy roads, forget the rusty bridges, and forget the leaky airports, because we’ve got railroads to build-out! You know the gazillions of dollars the United States Federal Government is about to “invest” into “infrastructure”, those gazillions of dollars to which