On May 9, digital currency fund manager Grayscale Investments announced the establishment of the Grayscale Funds Trust and submitted registration filings for three exchange-traded funds with the U.S. Securities and Exchange Commission. Grayscale Introduces Grayscale Funds Trust and Files for 3 ETFs As the leading digital currency fund manager, in terms of assets under management
A shopper in Greenville, New York, on April 30, 2023. Robert Nickelsberg | Getty Images News | Getty Images Inflation in April notched its lowest reading in two years, as price pressures for consumers continue to moderate from multi-decade highs and costs for household staples appear to be in retreat. The consumer price index, a
A claw back of federal stimulus funds inched closer to reality Tuesday when President Joe Biden signaled he is open to the proposal. “We don’t need it all,” Biden told reporters Tuesday after a closely watched meeting with Congressional leaders to try to reach a deal to lift the nation’s debt limit. “But the question
Brookfield Asset Management predicts consolidation in the private capital industry as challenging financial markets force smaller players to find homes inside larger institutions, causing a handful of industry giants to emerge. “Every industry eventually goes through consolidation . . . [The] alternatives industry is in the midst of this today,” said Bruce Flatt, chief executive of the Toronto-based
Memes, internet jokes, and popular culture references have become an integral part of online communities. Because of this, cryptocurrencies inevitably gave birth to a new wave of assets called “memecoins.” While some argue that these coins are just a fad, others might also believe in their potential to bring financial gain to their investors. One
The publishers of the Mirror newspaper carried out “unlawful activities” on an “industrial scale”, it was claimed in London’s High Court on Wednesday at the start of a lawsuit brought by Prince Harry and three other celebrities alleging phone hacking by the media group. David Sherborne, the barrister representing Prince Harry, said senior executives at
It is a measure of how things look for the Conservatives that many of the party’s leading lights are already planning for what comes next. Tory think-tanks are running projects on the future of Conservatism, MPs publish pamphlets on the right way forward. Now into this mix comes a troubling import. Next week London hosts
US inflation was slightly weaker than forecast in April, bolstering Treasuries and Wall Street stocks on hopes that the Federal Reserve’s interest rate hikes are bringing price rises under control. Consumer price inflation dipped to an annual rate of 4.9 per cent, its lowest level since April 2021. Economists had expected it to remain steady at
Will Clemente III has 680,200 followers on Twitter thanks to his viral crypto analysis content. He co-founded blockchain research firm Reflexivity Research with Anthony “Pomp” Pompliano while still a teenager. Who is this guy anyway? Will Clemente III is still only 21 years old, but his keen insights into the industry mean he’s followed by
Moderators on Reddit began to take action on crypto-related Pepe the Frog hype flooding into the meme’s original subreddits after the explosion of the $PEPE memecoin. On May 9, a moderator for the “r/pepethefrog” pinned a post in which they declared that all “cryptocurrency promotion and all similar schemes such as NFTs” will be banned
Apple’s first physical retail store is located in the populous city of Mumbai. Punit Paranjpe | Afp | Getty Images Dimensional’s Matrix Book is an annual review of global returns that highlight the power of compound investing. It’s a fascinating document: you can look up the compounded growth rate of the S&P 500 for every year
Singapore government-owned megabank DBS is among the few companies around the world that reaped major benefits from massive cryptocurrency collapses in 2022. DBS Digital Exchange, DBS Bank’s institutional crypto trading platform, saw a significant increase in Bitcoin (BTC) trading volumes last year. According to DBS Digital Exchange CEO Lionel Lim, the number of DBS crypto
In this article GDRX ABNB CELH BROS Follow your favorite stocksCREATE FREE ACCOUNT Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines in premarket trading. Rivian Automotive — The electric
Bitcoin was hovering close to a key price floor near $27,300 on Wednesday, as markets anticipated the upcoming U.S. inflation report. Consumer prices for last month are expected to remain at 5%, which could be seen as justifying the Federal Reserve’s decision to hike rates last week. Ethereum remained above $1,800. Bitcoin Bitcoin (BTC) continued
European stocks followed Asia markets lower on Wednesday as traders nervously awaited the release of closely watched US inflation data, with a stronger than expected figure likely to raise the pressure on the Federal Reserve to continue increasing interest rates. The region-wide Stoxx 600 fell 0.2 per cent and Germany’s Dax dropped 0.3 per cent,
press release PRESS RELEASE. Massa’s testnet has become a magnet for more than 16 projects since its launch back in July 2021. Interest towards this innovative blockchain ecosystem has exploded since the beginning of this year. But what is it that makes Massa special? Massa is an innovative blockchain network that aims to combine high
Over 1,000 human trafficking victims were recently rescued from a “fraud factory” in Mabalacat, a town located nearly 90 kilometers northwest of Manila, Philippines law enforcement has said. Michelle Sabino from the Philippine National Police Anti-Cybercrime Group said trafficking victims use social media platforms such as Facebook to lure unsuspecting individuals. Cryptocurrency Scams According to
A display for a realtor with Coldwell Banker Dynasty TC, left, is displayed as she speaks with a potential homebuyer during an open house in Arcadia, California. Jonathan Alcorn | Bloomberg | Getty Images Mortgage rates fell slightly last week after the chairman of the Federal Reserve suggested a potential end to a historic string
Validators earned $46 million in the first week of May due to an increase in the staking rewards rate, which is a metric for validators’ annualized yield. According to data, validators earned 24,997 Ether (ETH) in the week, representing a 40% increase over the previous week’s income of $33 million, when 18,339 ETH were distributed
Latin America is blessed with abundant and cheap renewable energy. It is one of the world’s biggest food exporters. It is at peace, far from global conflicts and its nations are mostly robust democracies. It is close to the US, ideally placed to profit from the moving of production from China. Yet Latin America’s presidents
Bitcoin (BTC) tracked $27,500 on May 10 as markets geared up for what should be a positive United States inflation print. CPI set for months of decline Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered in a narrow trading range ahead of the April Consumer Price Index (CPI) release. A classic