Measures imposed by authorities to quell mass protests in mining hotspot Kazakhstan are affecting cryptocurrency markets and the Bitcoin network hashrate. To deal with the civil unrest caused by rising fuel prices and a worsening economy, the government restricted access to the internet and closed down local banks. Fears are rising that the turmoil may
During 2022, Wellfield is focused on introducing solutions that address the following: make bitcoin compatible with DeFi; enable decentralized cross-blockchain trading; permit existing DeFi liquidity providers to scale; and empower non-participating institutions to put capital to work within familiar risk frameworks. The Company also plans to begin executing its multi-year project to integrate new blockchain
Today’s Social Security column addresses questions about what effects a potential drop in the 2020 Average Wage Index might have on benefit amounts and timing, survivor’s benefits and the earnings test and when first checks can start and when they’ll arrive. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
With an eye on the $4 billion environmental bond referendum that’s up for a vote this November, New York Gov. Kathy Hochul proposed a $500 million investment in offshore wind energy. It was only one of a variety of proposals she put forth Wednesday in her first state of the state address as governor since
Silver price has dropped by 3.15% since early Wednesday as a reaction to the minutes of December’s FOMC meeting. Based on the minutes released on Wednesday, the US central bank’s officials expect the reduction of its balance sheet to commence after the start of rate hikes. Notably, the discussion on lowering the Fed’s bond holding
We can certainly survive without Apple stores, but there are other institutions where a lack of staff can literally be a matter of life or death… by Michael Snyder of The Economic Collapse Blog From coast to coast, we are seeing businesses close because they simply cannot find enough workers. In the entire history of
Mortgage brokers are licensed professionals who connect borrowers with lenders but do not issue mortgages themselves. For each deal they arrange, they typically receive a payment that equals 1% to 2% of the loan amount from either the borrower or the lender. This article looks at the latest available data on how much mortgage brokers
In this article SPCE Virgin Galactic’s passenger rocket plane VSS Unity, carrying billionaire entrepreneur Richard Branson and his crew, lands after reaching the edge of space above Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021. Joe Skipper | Reuters Shares of space tourism company Virgin Galactic fell below $11.75 in trading
Russian paratroopers and allied military units started to arrive in Kazakhstan on Thursday after the country’s president appealed for help in quelling protests that have led to dozens being killed in clashes with police. Limited numbers of Russian paratroopers, plus contingents from Armenia, Belarus, Kyrgyzstan and Tajikistan, were sent as a peacekeeping force at the
German inflation remained close to multi-decade highs at the end of last year, forcing the government to promise aid for poorer households as energy prices continued to surge at double-digit rates. The annual pace of price growth in Germany was 5.7 per cent in December, according to the harmonised index of consumer prices published on
More retirees would claim their Social Security benefits online if they knew they could do so and get answers to basic questions about the process, a new study says. Only about 35% of retirees claim their Social Security benefits completely online without any phone calls or visits to the agency’s local office, according to an
In this article PFE WBA BBBY STZ CAG HELE Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator’s shares gained 2.9% in the premarket, after beating estimates on both the top and bottom lines for its latest quarter. Walgreens earned an adjusted $1.68 per share, compared with the
Sharing is Caring! by Martin Armstrong Disturbingly, a number of fraudulent COVID-19 testing pop-up centers are appearing in major cities throughout the US. The Philadelphia Department of Public Health issued a warning: “Last week, the Health Department was notified of small pop-up tents that were offering free COVID-19 testing operating in Center City. The staff who worked
Bitcoin (BTC) delivered fresh volatility on Jan. 6 as rangebound behavior saw its first shake-up in weeks. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Open interest remains high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping overnight to hit $42,000 for the first time since December. Although not the upside breakout that many had
In November this year, San Francisco declared a water shortage emergency and called for reducing usage by 10%, impacting nearly three million city customers. In March, Utah also declared a state of emergency as 90% of the state was in extreme drought conditions. These are just 2 of the 17 states that experienced water shortages
Coinbase’s chief product officer has shared some predictions for 2022 regarding Ethereum’s scalability, the metaverse, decentralized finance (defi), non-fungible tokens (NFTs), and more. 2022 Predictions by Coinbase’s Executive Coinbase’s chief product officer, Surojit Chatterjee, shared last week 10 predictions of what the crypto industry holds in 2022. The predictions cover a range of crypto topics,
Retirees and near-retirees, we are told, are taking too much risk. Here’s USA Today, in an article from mid-December: “Investing for retirement is crucial to building a nest egg that can provide financial security in your later years. Unfortunately, many people who are investing are making a big mistake with the money they’re saving for
While U.S. Treasuries and equities sold off after release of the FOMC minutes, municipals were largely unchanged on Wednesday, pointing again to a lack of primary supply to provide yield guidance as participants sit back and watch what unfolds in broader markets. The Federal Reserve’s tone has turned more hawkish in the latest meetings, “and
Hi there, Good Morning. Welcome to ETMarkets Morning, the show about money, business and markets. I am Nikhil Agarwal. Let’s start with the headlines first. – Pfizer may offer Covid drug at lower price– Banks likely to report biz growth amid virus worries– Fed signals it may have to raise rates sooner to fight inflation
Replacing boards with unsound wood does not alter reality, only the ship. It does not remove… by Keith Weiner of Monetary-Metals The Ship of Theseus is an old philosophical thought experiment. It asks a question about identity. Suppose you replace all of the boards of a ship with new ones—is it still the same ship? We are
What Is the Foreign Exchange Market? The foreign exchange market, also known as the forex market, facilitates the buying and selling of currencies around the world. Like stocks, the end goal of forex trading is to yield a net profit by buying low and selling high. Forex traders have the advantage of choosing a handful of currencies over
European equities dropped on Thursday, continuing a global sell-off that began after investors retreated from stocks that had benefited from the pandemic as fears over the Omicron variant’s economic impact receded. The regional Stoxx 600 index dropped 1.2 per cent. The Stoxx’s technology sub-index fell 2 per cent. London’s FTSE 100 share gauge fell 1
Drugmakers need to prioritise global access to Covid-19 vaccines and tie management pay to equitable distribution, say a group of top international investors. Nomura, BMO and GAM are among 65 institutional investors that have written to top pharmaceutical companies urging them “to make the global availability of vaccines part of the remuneration policy of managers
Want to be a certified financial planner? Pursue another credential first. A recent study from the College for Financial Planning says urging the next generation of aspiring advisors to get other financial designations before going after their CFP certification could lead to a more diverse industry. The working paper, published in early November in academic
Sharing is Caring! by Charles Hugh-Smith So one index or asset or another hits a new high, wow, more proof everything is so robust and healthy, we never had it so good–right up to the seizure and collapse. Some readers occasionally make the point that I’ve been predicting a market crash for ten years and
The Ethereum ecosystem still has far more developers than rival networks, but they are catching up with a faster rate of growth. Ethereum competitors such as Polkadot, Solana, and Binance Smart Chain are growing faster in terms of development activity according to crypto research firm Electric Capital which released its findings on the blockchain development
Florida added more newcomers in the 12 months ending July 1, 2021 than any other state but Texas. Citing estimates from the U.S. Census Bureau, FloridaPolitics.com reported the Sunshine State added 211,305 residents through both migration and immigration during that one-year period. The population surge hugely benefited South Florida’s real estate industry, which profited from
Jb Reed | Bloomberg | Getty Images The economic damage from the omicron variant of the coronavirus is now expected to be less than initially thought, and that has interest rates back on their upward trajectory yet again. As a result, mortgage demand fell 2.7% to end 2021, compared with two weeks before, according to
El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City and buy more bitcoin, the Salvadoran government explained. El Salvador Drafting Legal Framework for Bitcoin Bonds El Salvador’s finance minister, Alejandro Zelaya, said in an
When last I updated readers on the American Rescue Plan multiemployer pension plan bailout, back in July, the PBGC had just issued its interim final rule, subject to a comment period, and had made the decision, reasonably enough, to interpret the law, well, by following the law — or, specifically, by following “the plain meaning