Michael Sonnenshein, chief executive officer of Grayscale Investments LLC, speaks virtually during a Crypto Summit Feb. 25, 2021. Daniel Acker | Bloomberg | Getty Images Grayscale Investments plans on filing an application to convert the world’s biggest bitcoin fund into a spot ETF early next week, according to a person with knowledge of the matter.
UK police on Saturday were continuing to question a 25-year-old man arrested on suspicion of the murder of a leading backbench MP after the incident was declared terrorism. The man, who Whitehall officials described as a British national of Somali origin, was arrested at the scene of the death of Sir David Amess, 69, who
The authorisation of the first e-cigarette by US regulators this week was described by industry experts as a historic moment for the $5bn sector, which has been operating under a cloud since a crackdown on a teen vaping “epidemic” in 2018. But the US Food and Drug Administration’s choice of product for its first ever
BNY Mellon Pershing has a new business unit that aims to be one part turnkey asset management platform and one part technology incubator. Called Pershing X, the unit’s aim is to accelerate the development of a single suite to provide RIAs, broker-dealers and trust companies with everything they need, from software like client relationship management
Sharing is Caring! by Charles Hugh-Smith Unbeknownst to the giddy participants, they’re not just betting on the omnipotence of the Fed Politburo, they’re also making a max-leverage bet that “the madness of crowds” will never end. Imagine an economy so dominated by its central bank that all markets hang on every word of its priesthood
Days after his son Kendall’s explosive press conference left the media conglomerate Waystar Royco teetering on the brink, the Roy family patriarch opens up as he goes to war with his children, his shareholders and potentially the U.S. government. By Sergei Klebnikov, Giacomo Tognini and Lisette Voytko It’s been a tumultuous 48 hours for Logan
Zimbabwe’s increasingly pro-crypto finance minister, Mthuli Ncube, recently told his colleagues in government that it is now impossible to run away from cryptocurrencies. Ncube said this after revealing that some 30% of the country’s youth are now invested in cryptocurrencies. Zimbabwe Ready to Make Concessions on Cryptos According to a report by the Herald, Ncube
By Chris Farrell, Next Avenue The numbers are worrisome. The typical 54- to 64-year-old with a 401(k) or IRA owns a median portfolio worth about $135,000 and more than a quarter of workers don’t have retirement savings accounts (mainly because their employer doesn’t offer one). Is it any surprise older Americans worry their quality of life
In the midst of a declining workforce, the Internal Revenue Service is taking an “all hands on deck” approach to hiring that includes a recent announcement for a role focused on tax-advantaged bonds. The Oct. 14 posting for a senior tax law specialist seeks a candidate experienced with complex matters involving tax-advantaged municipal finance transactions.
Silver prices reversed lower but held key support as copper prices rallied, helping to buoy silver. Silver is also used in electrical conduction and industrial capacities but is more expensive than copper. Gold prices tumbled, creating a dark cloud for the precious metals complex. U.S. yields surged higher, which seemed to put upward pressure on
The squeeze in natural gas supplies has sent prices soaring. The same just-in-time inventory mechanics will… Steve St Angelo with Patrick V. on Silver Bullion TV SBTV spoke with Steve St Angelo of the SRSRocco Report about how the squeeze in natural gas supplies in Europe right now has sent prices soaring and how the
La SEC está revisando alrededor de 40 solicitudes de ETF de bitcoin, y la semana que viene se cumplirán los plazos de decisión sobre los productos vinculados a los futuros. Según Bloomberg, se espera que el regulador apruebe al menos algunos de ellos, despejando el camino para que comience a operar.
American finserv Square will soon begin investigating technical requirements for building an open-source Bitcoin (BTC) mining system, according to CEO Jack Dorsey. Dorsey shared a series of tweets explaining his intent to follow a collaborative approach in further decentralizing Bitcoin mining. He said: “Square is considering building a Bitcoin mining system based on custom silicon
What Is a Monopolistic Market? A monopolistic market is a market structure with the characteristics of a pure monopoly. A monopoly exists when one supplier provides a particular good or service to many consumers. In a monopolistic market, the monopoly (or dominant company) exerts control over the market, enabling it to set the price and supply. Key Takeaways Monopolistic markets exist
Richard Branson, Jeff Bezos, Elon Musk Joe Skipper | Reuters; Joe Raedle | Getty Images; Paul Hennessy | SOPA Images | Getty Images 2021 has been a whirlwind for private space tourism, with this week especially crucial for the ventures founded by Jeff Bezos and Sir Richard Branson. While Bezos’ Blue Origin took a step
There are worse havens from history than the Pacific Palisades. We are meant to be stunned, even tickled, that Thomas Mann, Bertolt Brecht and other Weimar stars made their lives among the groomed pets and extortionate chocolatiers of West LA. But see it from their angle. On one side: an invincible ocean. On the other:
The sparks have been flying between two poles of non-government influencers in Washington — the corporate lobbyists and lawyers clustered around K Street and the mostly progressive-leaning organisations buzzing a few blocks north around DuPont Circle Much of that comes from the struggle over the Biden Administration’s infrastructure and social safety net legislation. Now, though,
LPL gobbled up several breakaway teams this week and announced a partnership with Lincoln Financial that allows it to access Lincoln’s Strategic Market Solution Plus. The Duke and Duchess of Sussex are backing a fintech. Thinking that marriage equality might diminish the need for an Accredited Domestic Partnership Advisor designation, the College for Financial Planning
Traders work on the floor of the New York Stock Exchange (NYSE), September 21, 2021. Brendan McDermid | Reuters Stocks appear to have shaken off the often spooky trading pattern of October for now, and whether that continues could depend on earnings in the week ahead. Dozens of companies are reporting, from Netflix and Tesla
Sharing is Caring! by visualcapitalist When the pandemic first took hold in 2020, and many workplaces around the world closed their doors, a grand experiment in work-from-home began. Today, well over a year after the first lockdown measures were put in place, there are still lingering questions about whether remote work would now become a commonplace
Josh Flagg isn’t just one of the top real estate brokers in Los Angeles, he’s also one of the original cast members of Bravo’s hit show Million Dollar Listing Los Angeles. There’s a reason why he knows how to make such good reality television. The bold broker is a straight shooter, fierce negotiator and represents
A South African regulator, the Financial Sector Conduct Authority (FSCA), says it welcomes Binance’s decision to stop offering some of its services to South Africans. Productive Consultations In a statement, the FSCA suggested that the move by the cryptocurrency exchange came after it held “productive consultations” with the regulator. As previously reported by Bitcoin.com News,
By Richard Eisenberg, Next Avenue Editor Some people think high health care costs aren’t a problem for Americans 65 and older because Medicare pays all their medical expenses. But a new eye-opening report from The Commonwealth Fund, a nonprofit health care think tank, shows just how wrong that presumption is. In reality, Americans 65 and older
The historic settlement between states and drug companies over the U.S. opioid epidemic is unlikely to have a material impact on the municipal bond market, said Barclays in a new report. The pending $26 billion deal is the largest attorney general multi-state enforcement action in history after the 1998 tobacco master settlement agreement. But it’s
Reuters Videos Stocks surge on upbeat earnings, economic data Strong earnings reports and positive economic data drove investors to shop for stocks across the board Thursday, extending gains by the S&P 500 and Nasdaq to a second day. The number of Americans filing new claims for jobless benefits fell last week to a nearly 19-month
This is all by design and none of it is an accident or… by Mac Slavo of SHTFplan According to Kraft Heinz CEO Miguel Patricio, the company is going to be “raising prices, where necessary, around the world.” Patricio says the general public should get used to higher prices for food. His comments follow a
ETFs are regulated traditional financial products and can be bought through a number of retail-friendly mobile trading apps, including Robinhood, Trading212, TD Ameritrade and Fidelity. The most popular ones track major stock indexes, such as the Standard & Poor’s 500 Index, or other traditional assets and commodities like oil and gold.
“We have seen an aggressive sustained effort on ransomware the last few weeks from the administration that started even before the Suex designation,” Redbord, a former Treasury official, told CoinDesk in a statement. “We are rightfully seeing the most focus on hardening cyber defenses, and when it comes to crypto, we are seeing Treasury, DOJ
Video game corporation Valve has informed users no content related to cryptocurrencies or nonfungible tokens will be allowed through its Steam marketplace. As reported by game developer SpacePirate on Oct. 14, Steam has updated its guidelines for what content creators are allowed to publish on the platform. According to Steam, no applications built on blockchain
Inflation affects equity prices in several ways. Most importantly, investors are willing to pay less for a certain level of earnings when inflation is high and more for a certain level of earnings when inflation is low (and expected to remain so). Key Takeaways Inflation is when the purchasing power of a currency declines over time,