Month: January 2020

Richard Rosenblum is co-founder and co-head of trading at crypto liquidity provider GSR. The opinions below are the author’s and do not reflect the position of CoinDesk. Like futures, the launch of bitcoin options on major exchanges has been met with anticipation. Hopeful observers believe the CME’s and Bakkt’s entry into the burgeoning options market
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The United States First Circuit Court of Appeals upheld a ruling against bondholders of the Puerto Rico Employees Retirement System. The First Circuit released the opinion authored by Associate Judge Sandra Lynch Thursday. Judges Jeffrey Howard and Kermit Lipez concurred with the opinion. Chapman Strategic Partners Managing Director James Spiotto, center, said the First Circuit
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Not everyone is totally excited about DeFi. Volatile crypto is nurturing its fixed-income side. Crypto lending activity is growing on decentralized finance (DeFi) networks. Staking, where investors reap payments for locking up assets in functions essential to network protocols, is moving into crypto’s mainstream, with large crypto exchanges offering staking services for users.  Chart of
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One of the products that have become particularly important to the continued growth of the crypto industry is Bitcoin futures. The derivative product has become one of the most heavily traded crypto-based securities. Key Drivers The Chicago Mercantile Exchange (CME) revealed its actual figures with regard to this particular product yesterday. The futures contracts have
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Hankering for a Ferrari? Well, the only licensed stock exchange in Seychelles, an island nation in the Indian Ocean, is listing tokenized collectible cars worth over $200 million for retail and institutional investors. MERJ said Friday it is partnering with CurioInvest, a tokenization platform building on ethereum, to create tokens representing shares in “supercars” like
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Kentucky Gov. Andy Beshear has recommended in his first budget a $36.9 billion total spending plan for fiscal 2021, a plan the new Democratic governor may have trouble defending in the Republican-controlled Legislature even though it’s a small increase. Beshear’s budget represents a 1.8% increase over the current fiscal year. His spending proposal for the
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A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, April 30, 2019 Clodagh Kilcoyne | Reuters Check out the companies making headlines in midday trading. Amazon — Amazon jumped nearly 9% in midday trading after the e-commerce giant reported fourth-quarter earnings well ahead of Wall Street consensus expectations. The
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Yesterday Chainlink released price reference data for 25 of its decentralized oracle networks which, together, power more than $100m in DeFi. On this special interview episode, @nlw talks with Sergey Nazarov and Kain Warwick, the founders of Chainlink and Synthetix respectively about:  To see Chainlink’s newly released decentralized price feeds, visit: feeds.chain.link Disclosure Read More
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Kobe Bryant, the investor, could have one day found more success than Kobe Bryant, the basketball player, billionaire entrepreneur and Philadelphia 76ers partner Michael Rubin told CNBC on Friday. “What made him successful on the court, that absolutely working harder than anybody else, is the same thing I saw from him in business,” said Rubin, executive chairman of
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A panel convened to overhaul New York City’s byzantine property tax system laid out a blueprint while acknowledging the long road ahead. The city’s Advisory Commission on Property Tax Reform issued its preliminary report on Thursday with 10 recommendations that if enacted could change 90% of homeowners’ bills. The seven-member panel, which held several public
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CNBC’s Jim Cramer said Friday he’s done with fossil fuel stocks because young investor’s concerns about climate change are holding them down. On “Squawk Box,” Cramer compared oil and other fossil fuel stocks to the sigma attached to investing in tobacco companies, saying they are in the “death knell phase.” He added, ”They’re tobacco. I think
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Home concept,Businessmen holding home keys krisanapong detraphiphat Many people entering the traditional home-buying years already have debt – student loans, of course. And those loans can make landing in a new house trickier. “Although many Americans have student loans, mortgage companies will still evaluate these outstanding debts while making their decision to approve or deny
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Ethereum miners are hoarding ether tokens, and this could indicate high confidence in the project.  The number of ether tokens held by all ETH mining pools is back near its all-time high of 1.69 million ETH set in October, according to crypto market data platform Santiment. The rise from November’s low of 1.64 million has happened in
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New Haven, Connecticut’s second-largest city, has hired PFM Financial Advisors to perform a comprehensive review of the city’s financial position. PFM has performed comparable services to other cities in the Northeast. “It is imperative that we have a deep and honest assessment of our fiscal situation,” said Mayor Justin Elicker, a Democrat who took office
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While physicist Sir Isaac Newton is widely viewed as the leading authority on gravity and motion, economist Benjamin Graham (1894-1976) is lauded as a top guru of finance and investment. Known as “the father of value investing,” Graham excelled at making money in the stock market without taking big risks, by evaluating companies with surgical
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