New reports emerging from South Africa suggest privately held firms are converting a portion of their cash holdings into bitcoin as they seek to hedge against currency devaluation. According to one report, an open-source software specialist firm, LSD Open, could well be the first South African company to make the bold step after it reportedly
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Yield farming has grown in popularity over the past year alongside the rise of decentralized finance, but recently the ability to earn a good return has been limited by the high transaction costs on the Ethereum (ETH) network. As a result, yield farmers have begun exploring options outside the Ethereum network for more accessible opportunities
In this article MS GS 8604.T-JP CSG.N-CH VIACP People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, March 19, 2021. Brendan McDermid | Reuters When investors are stampeding for the exits, it pays to be first out the door. That’s what happened when falling shares in ViacomCBS
In this article VIAC GS MS The Viacom office in Hollywood, California. Lucy Nicholson | Reuters Chinese stocks listed in the U.S. fell sharply last week, after several weeks in correction mode. A trader who participated in some of the wild trading in Chinese internet stocks on Friday confirmed that the primary cause of the
In this article TWTR FLY PEBO PFBI AMZN V BILI BA TME CALM LUV 8604.T-JP CSCO GS VIAC DISCA CG Take a look at some of the biggest movers in the premarket: Discovery Communications (DISCA), Viacom (VIAC) – Both stocks remain on watch this morning, after significant declines last week. A source with direct knowledge
Ocean views don’t get much better than this. In the coastal haven of Montecito, Calif., a reimagined showplace on Butterfly Beach has hit the market for $23.8 million. The freshly renovated estate, listed with the Riskin Team of Village Properties, is just one of 15 houses located on coveted Channel Drive and features more than
Ronel Remy, an organizer with City Life/Vida Urbana, speaks during a “Rally to Stop Evictions and Foreclosures” at the Boston Common Fountain in Boston on Oct. 11, 2020. Matthew J. Lee | Boston Globe | Getty Images A federal ban on evictions is putting the squeeze on smaller landlords, who are unable to directly access
Gov. Tom Wolf wants to put Pennsylvania ahead of a national curve by phasing out the gas tax as a funding source. Wolf, a second-term Democrat, said the tax has become unreliable for funding Pennsylvania’s vast transportation network. He signed an executive order establishing the Transportation Revenue Options Commission, which he said will develop funding
A man charged with operating as an unregistered investment adviser was arrested earlier this week along with six others on wire fraud charges related to an alleged scheme to defraud a city in Puerto Rico. A federal grand jury in the District of Puerto Rico indicted Eugenio García-Jiménez and six others with 33 counts of
Archegos Capital, a private investment firm, was behind billions of dollars worth of share sales that captivated Wall Street on Friday — a fire sale that has left traders scrambling to calculate how much more it has to offload, according to people with knowledge of the matter. The fund, which had large exposures to ViacomCBS
In trading, selling a position is as important as buying it at the right time. Therefore, the big question that could be troubling traders is whether or not Bitcoin (BTC) price will enter a bearish phase or will the bull run continue after this week’s pullback. PlanB, the creator of the popular Bitcoin stock-to-flow model,
In this article ALC-CH UPST CURI SMTC ALXO The logo of Alcon is seen on the company’s corporate headquarters in Huenenberg, Switzerland, on Monday, Jan. 4., 2010. Peter Frommenwiler | Bloomberg | Getty Images As the first quarter of 2021 winds down, analysts are taking a look at the stocks in their coverage universes and
In this article MO PRGS NIO LYFT UBER ROOT MSFT F NLY MSGN MSGE BOWX WFC C BAC JPM ZM Take a look at some of the biggest movers in the premarket: BowX Acquisition (BOWX) – The special purpose acquisition company will take office-sharing company WeWork public in a deal worth $9 billion, including debt.
Decentralized finance has taken a back seat to nonfungible tokens over the past month but this hasn’t stopped the top DeFi projects from developing and strategizing how to grow their ecosystems and market share. One project that has outperformed the field as of late is PancakeSwap (CAKE), the Binance Smart Chain-based automated market maker (AMM)
Don is CEO of DLP Real Estate Capital, a leader in single/multi-family RE brokerage, investment/asset/property mgt., construction, lending. It’s one thing to dream about striking it rich, but quite another to steadily create and grow your wealth through hard work and discipline over many years. So, why do so many — even the very successful —
Protesters gather at a rally in support of bills and legislation to block evictions in Massachusetts for up to a year. Boston Globe | Boston Globe | Getty Images The country’s attempts to get the coronavirus pandemic under control could be undermined by the upcoming expiration of the national ban on evictions, experts warn. The
A California business lobbying group says the prohibition of state tax cuts in the federal stimulus bill has stalled tax credits, fee waivers and other critical economic stimulus and anti-poverty programs. The California Business Roundtable, an umbrella organization for the state’s business groups, has written to the U.S. Treasury Department asking for clarity on language
The Bridgewater Associates co-founder and chief investment officer, Ray Dalio, says that there is a good probability that the government will outlaw bitcoin in the same way gold was outlawed in the U.S. in the 1930s. Ray Dalio Thinks Governments Can Outlaw Bitcoin Ray Dalio shared his view on whether the government could outlaw bitcoin
Municipal trading was quiet Friday and triple-A yield curves were little changed with strong technicals intact as the market has mostly outperformed a roving U.S. Treasury market. “As Treasury yields have been moving up and down, muni yields have been quite sticky. Historically, tax-exempts outperform when USTs are selling off, but they underperform when Treasuries
Wall Street traders are hunting for the source of a distressed stock selling spree that caused a sharp slide in several Chinese technology companies and US media groups on Friday. The mysterious share sales, worth almost $19bn, sparked rumours that a hedge fund or family office had blown up and was moving to wind down