The approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) would equate to a “seal of approval” for Bitcoin from the United States government and its securities regulator, says Mike Novogratz. In a July 12 interview with Bloomberg TV the founder of crypto investment firm Galaxy Digital spoke about the multiple spot Bitcoin ETF filings
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Introduction to the Zacks Rank and how using it can help you become a better investor.
It might seem logical what a point or pip is in trading but some traders, especially new ones can get confused about the meaning of the term. This video sheds light on the exact definition of the terminology and what it represents. Different examples of currencies with two, four and five digits after the decimal
Prosecutors from the United States and agents from the Internal Revenue Service (IRS) are reportedly investigating wealthy crypto traders and fund managers suspected of illegally benefiting from Puerto Rico’s tax breaks. According to a June 12 report from Bloomberg, investigators are currently building civil and criminal cases against a number of hedge fund managers, crypto
Minimum salaries, a dedicated broadcast slot and “stringent” financial regulations are all needed to foster long-term sustainability in professional women’s football in the UK, according to an independent review published on Thursday. The sweeping study, led by former England player Karen Carney, welcomed the growth in the popularity of domestic women’s football, especially since England’s
Junior doctors in England begin the longest single walkout by doctors in the NHS’s history on Thursday, a five-day strike that hospital bosses warned will further hamper efforts to tackle treatment backlogs. The strike escalates the stand-off with Rishi Sunak’s Conservative government, which is battling to contain inflation and has offered doctors a 5 per
7/12/2023, 11:33:30 PM What to watch in Asia today William Langley in Hong Kong South Korea: Economists expect the Bank of Korea to hold rates at 3.5 per cent for the fourth straight meeting. Meetings: The EU-Japan summit begins in Brussels, attended by European Council president Charles Michel, European Commission president Ursula von der Leyen
A cryptocurrency wallet associated with the United States Department of Justice moved approximately 9,825.25 BTC worth around $299 million in a series of transactions on July 12. It’s unclear at this time whether the transactions, which appear to have ultimately propagated to at least 101 new wallets, were sent to exchange addresses for sale or
The price of BNB has experienced a 24.5% decline over the past 90 days, despite a 7% gain between July 10 and July 11. BNB (BNB) has performed worse than the overall altcoin market, indicating that the underlying cause for the bearish momentum persists. It is highly likely that the correction in BNB’s price can be
Nashville, Tennessee received a series of upgrades from S&P Global this week. The credit agency on Monday boosted Metropolitan Nashville and Davidson County’s long-term general obligation debt rating to AA+ from AA. The upgrades also apply to obligations supported by its non-tax revenue. The outlook is stable. The action reflected Nashville’s efforts to “strengthen its
A pedestrian walks by a Domino’s Pizza restaurant in San Francisco, Feb. 23, 2023. Justin Sullivan | Getty Images News | Getty Images Check out the companies making the biggest moves midday. Domino’s Pizza — The stock popped nearly 11% after Domino’s announced U.S. consumers can now order its products through Uber’s Uber Eats and
Harvey, Illinois, is targeting an August settlement date in its long-planned tender exchange offer on its defaulted general obligation bonds. The exchange that launched this week would allow investors to shed the bonds’ default status, resolve investor litigation, and give the fiscally troubled Chicago suburb more time to repay its debt. The city posted the exchange
The Dodd-Frank Act’s provisions to protect municipal issuers lowered interest costs in the muni market by a significant amount, according to research released Tuesday. “I estimate that for an average bond issue, Dodd-Frank resulted in about $600,000 in interest cost savings,” writes Ruth Winecoff, assistant professor, public policy at Rutgers University. “For a bond issue
Municipals were firmer Wednesday, but underperformed a U.S. Treasury rally that followed the June consumer price index report showed inflation cooling. Equities ended the session up. Triple-A yields fell up to three basis points while UST saw yields fall by as much as 18 basis points. Ratios rose as a result. The two-year muni-to-Treasury ratio
Huw Edwards has been named as the BBC presenter facing allegations over payments for sexually explicit images, as the Metropolitan Police said they had found no evidence of any criminal offence. The decision to name Edwards by his wife Vicky Flind on Wednesday night brings to an end days of speculation over the identity of
In this week’s newsletter, read about Ethereum nonfungible token (NFT) royalties hitting their lowest point in two years. Check out Bitcoin Ordinals trading volume, which hit $210 million in the second quarter of 2023, and how a decentralized finance (DeFi) borrower used an NFT representing a physical luxury watch to take out a loan. In
An independent UK consumer watchdog has accused the energy industry regulator of failing to act in the interests of customers by planning to allow household gas and electricity suppliers to make higher profits. Citizens Advice said Ofgem’s plans to enable the profit margins of power providers to rise from 1.9 per cent to 2.4 per
The state of Illinois has reached a tentative $68 million settlement with a group of Wall Street banks accused of fixing interest rates on the state’s variable-rate demand bonds, but the plaintiff that filed the lawsuit called it a “fake settlement” designed to stall a looming trial date. The eight Wall Street banks and Illinois
Rishi Sunak is expected on Thursday to back pay rises of about 6 per cent for public sector workers in 2023-24, but only after ministers were ordered to find significant savings from their Whitehall budgets. The prime minister said any pay rises for this year had to be responsible and could not be funded by
Bitcoin (BTC) bulls are again having a go at the overhead resistance of $31,000. The bullish sentiment may get a boost from the United States inflation report, which showed signs of slowing down. Economists were expecting the year-on-year consumer price index to rise 3.1% but the June print came in at 3%. The month-on-month increase
Borrowers for a revitalization project for Graceland Mansion, the fabled former home and resting place of Elvis Presley, missed another debt service payment at the beginning of the month. Long a tourism magnet for Memphis, Tennessee, Graceland has failed to see visitors return to pre-pandemic levels, and borrowers of bonds issued in 2017 to finance