Month: January 2020

Lipper’s fund asset groups (including both mutual funds and exchange-traded funds) had net negative flows of $12.1 billion for the fund-flows trading week ended Wednesday, January 29. This net outflow broke a streak of five consecutive weekly net inflows during which time funds grew their coffers by $82.4 billion. Money market funds (-$11.6 billion) and
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Enterprise blockchain project Hyperledger has released the most significant update of its DLT framework Fabric since launch in July 2017. The Hyperledger Foundation announced Thursday that Fabric 2.0 is designed to improve the usability and performance for the end user, with updates including new features such as decentralized governance for smart contracts and several enhancements
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Japan’s crypto-friendly financial services company SBI Holdings is to give shareholders the option to receive the XRP cryptocurrency as a benefit. SBI announced on Friday that shareholders could either take the benefit in XRP or another product offered by its health food and cosmetics subsidiary SBI Alapromo. Under the scheme, newer shareholders on the company’s
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Prosecutors appear to have a strong case against Virgil Griffith, the ethereum developer charged with conspiring to aid North Korea, legal experts say. For one thing, the mere act of giving a presentation in Pyongyang might have violated the U.S. Treasury Department Office of Foreign Assets Control’s (OFAC) sanctions, depending on what he said there,
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Roger Thomas Clark, an alleged operator behind the Silk Road darknet marketplace and advisor to founder Ross Ulbricht, pleaded guilty to “conspiring to distribute massive quantities of narcotics,” prosecutors announced Thursday. The U.S. Attorney’s Office for the Southern District of New York said in a press release that Clark, who was known online as “Plural
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Co-produced by Stanford Chemist Flaherty & Crumrine offers several funds in the preferred and fixed-income space. Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP) is one such fund that we are holding in our Income Generator portfolio at the CEF/ETF Income Laboratory. We acquired these shares with a trade alert on December 13th, 2019.
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Michigan’s State Transportation Commission approved up to $3.5 billion in bonds Thursday, signing off on a crucial piece of Gov. Gretchen Whitmer’s backup funding solution to help fix major highways and bridges in the state. Whitmer announced the borrowing plan in her State of the State address late Wednesday and the commission acted at a
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They’re definitely not equity, but could “exchange tokens” be bellwethers for one of crypto’s best use cases? (Spoiler: Probably not) Among thousands of venture-backed startups, tokens, coins, blockchains and open-source technology projects, exchange operators now stand out among the top revenue getters in the crypto asset category. Coinbase, not the largest by trading volume even
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It was a record day in the municipal market in a couple of different ways, as yields descended further to new record lows on both the 10- and 30-year and the market saw the lowest yield ever for a 100-year bond. Primary marketMorgan Stanley priced the University of Southern California’s (Aa1/AA/ / ) $320 million
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Ethereum developer Virgil Griffith pleaded not guilty to a charge of conspiracy to violate the International Emergency Economic Powers Act on Thursday.  Griffith was arrested in November on allegations he spoke at a cryptocurrency conference in North Korea last year, where he allegedly taught his audience how to use cryptos to evade sanctions. A complaint
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Nomura Research Institute (NRI) will launch a benchmark rank and compare Japanese cryptocurrency assets on Friday. The Tokyo-based management consultancy and research firm said the “NRI/IU Crypto-Asset Index Family” – created in coordination with Intelligence Unit LLC (IU) – will be available through NRI’s financial information database, IDS, to domestic and overseas institutional investors, financial
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Michigan bond counsel powerhouse Miller Canfield is aiming to snare more Illinois-based business with the one-two punch hiring of Lance Tyson and Glenn Weinstein in their public finance group. Tyson joins the firm Feb. 3 as a principal/partner. He comes from Kutak Rock LLP where he was a partner. Weinstein started this month as a
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Listia is discontinuing work on the Ink protocol, a cryptocurrency built for marketplaces, CoinDesk has learned. The project was funded with a $15 million token sale for the XNK ERC-20 token, which announced results in January 2018. Listia, a used-goods marketplace, is now shifting entirely to the props network, created by Union Square Ventures–backed startup
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Testimony Wednesday about the underutilized capacity in the municipal bond market to finance infrastructure projects received a strong bipartisan response from members of the House Ways and Means Committee. Lawmakers said there is bipartisan consensus that they need to address the nation’s infrastructure needs with a variety of revenues and financing measures. The hearing marked
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Introduction Investors looking for high growth industries such as video games and esports (yes, it’s spelled esports, not e-sports, eSports, or any other odd variation of normal English grammatical rules) should take a look at the ETF ESPO. This ETF gives investors exposure not only to the big US names like Activision (ATVI) and Nvidia
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