The Fed and Chair Jerome Powell came out swinging this past week, raising interest rates, while once again investors were shocked and dismayed. Frankly, I don’t understand why that is, but suffi...
Tag: Financial
More crypto exchanges likely to ‘blow up’ like FTX, Wave Financial CEO says
Wave Financial, a crypto asset manager with over $1 billion under management, succeeded in navigating the collapse of crypto exchange FTX with zero client losses. Now it’s warning of potential risks w...
Banning crypto will send financial innovations offshore
US Banking Committee chairman Senator Sherrod Brown has touted the possibility of banning crypto, but believes that this could force it offshore. In an interview with NBC’s “Meet the press”, Senator B...
Financial Security Oversight Committee (FSOC) Calls On Congress To Regulate Spot Crypto Trading
Join Our Telegram channel to stay up to date on breaking news coverage After witnessing repeated mishaps in the cryptocurrency market, the US financial regulators have once again started to urge congr...
I’m Going to Give This Biotech Another Shot
Dynavax Technologies (DVAX) has spent 2022 building up its cash balance as the biotech raked in revenues from its adjuvant that’s used by several Covid vaccine makers, primarily in Europe. In ad...
Bearish Bets: An Internet Fave and 2 Other Stocks You Should Consider Shorting
Each week we identify names that look bearish and may present interesting investing opportunities on the short side. Using technical analysis of the charts of those stocks, and, when appropriate, rece...
Crypto can still improve financial system says ex SEC chair
Even amidst the current chaos and collapses that are permeating the cryptocurrency industry, Jay Clayton, former chair of the SEC, says that crypto can still contribute to improvements in traditional ...
The Urge of US Financial Regulators Regarding This Legislation
The United States Federal Government Organization, Financial Stability Oversight Council (Council), urged Congress to pass legislation for cryptocurrency spot markets. Meanwhile, the spot market can b...
Two Valuable Investing Lessons From Two Legendary Billionaires
The list of billionaires in the world is comprised largely of entrepreneurs such as Elon Musk, Larry Ellison, Larry Page, and Bill Gates,who have built their fortunes largely through the development o...
Warner Bros. Discovery CEO Finding A Lot Of Skeletons In The Financial Closet
Photo by Frederick M. Brown/Getty Images. Getty Images Warner Bros. Discovery just announced a much larger than previously reported write-down on its library content, putting some investors on edge. I...
US Financial Regulators Urge Congress To Pass Cryptocurrency Spot Markets Legislation
A council consisting of the US’s top financial regulators is urging Congress to regulate cryptocurrency spot markets. The Financial Stability Oversight Council, made up of the heads of the U.S. Securi...
Stellar Collaborates With UNHCR to Provide Financial Aid to Ukrainians
9 seconds ago | 2 mins read Blockchain News Financial aid in the form of USDC on the Stellar network will be made available to Ukrainian. The USDC tokens will be tradable at any MoneyGram station. Mor...
These Three Stocks Offer Steady Dividend Income — and High Yields
It’s rare, but some companies operate with monthly dividend payments — and a high yield. This is an attractive choice for retirees and others who live off the income that their investments...
Nucor Plunges 9% and Could Be Headed Even Lower
Shares of steelmaker Nucor Corp. (NUE) sank more than 9% Thursday amid the broader market selloff. What are the charts and indicators suggesting lies ahead? Let’s check. In the daily bar chart o...
Crypto exchange Bitso sees growth with Latin America facing political, financial chaos
Crypto winter, while challenging, hasn’t been enough to overshadow the opportunities arising from the typical Latin American tempest of political unrest, inflation and currency concerns. Just as...
Apple Stock Continues to Fall — Looks Like Sir Isaac Newton Was Right
Legend has it that Isaac Newton formulated his gravitational theory after watching an apple fall and asking why the apple fell straight down, rather than in another direction. Shares of a different ki...
Did Investor Interest In Financial Reporting Peak With Enron?
Near zero interest rates for more than a decade, passive indexing, the rise of machine learning and the absence of an accounting accident since Enron are the key reasons for declining investor interes...
3 Canadian Stocks With Dividend Yields Over 5%
Many U.S.-based investors, and also many international investors, focus mainly on the U.S. stock market. In the U.S., there is the largest number of individual stocks, giving investors a gigantic choi...
US Financial Stability Oversight Council urges congressional action on crypto
Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation aimed at addressing regulatory gaps for crypto-related activities. In ...
New York financial regulator sets crypto guidelines for banks
The New York State Department of Financial Services (NYDFS) has laid out details state-regulated financial institutions must submit before gaining approval to engage in cryptocurrency-related operatio...
Latest in Crypto Hiring: Financial Services Firm Cuts Employee Salaries in Lieu of Layoffs
As layoffs in the crypto space have persisted in recent weeks, one company in the segment has taken a different approach. Crypto exchanges Bybit and Swyftx are among the crypto firms that have reveale...
New York State Financial Regulator Issues Guidance for Banks That Want To Engage With Crypto
The New York State Department of Financial Services (NYDFS) is publishing new rules for banks planning to submit proposals to venture into crypto. Under the new guidance, New York-regulated banking or...
Key financial regulators call for stronger licensing of crypto firms
Several key financial regulators in the U.S. cited issues with cryptocurrency firms and called for stricter licensing at a Friday meeting of the Financial Stability Oversight Council, a committee of U...
New York Financial Regulators Issue Crypto Guidance To Banks
The New York State Department of Financial Services (DFS) has handed out guidance to regulated banks that wish to engage in activities related to cryptocurrencies. DFS has provided these banks with a ...
UN To Transfer Crypto In Financial Aid For Ukranians
The crypto industry has faced many challenges in 2022 due to macros. Recent events such as the FTX crash and its contagion have further exacerbated the situation, but amid all this, crypto continues t...
EU financial regulator braces up for tokenized securities pilot
The European Union’s financial regulators are laying out guidelines preparing market participants on how to operate in a tokenized securities sandbox. The EU will launch a pilot for market actors to e...
House Financial Services Committee leader wants to extend crypto tax reforms
The chairman of the House Financial Services Committee, who is a leading Republican, has asked the Treasury Department to postpone enforcing the crypto tax provisions of the Infrastructure Investment ...
EU Rules for Distributed Ledger Financial Trading Finalized Ahead of March Pilot
When users of the platform are regular people, rather than, say, an investment bank, “the applicant should clearly indicate to the [national competent authority] for its assessment what are the experi...
ASIC sues Finder Wallet for providing “unlicensed” financial services
ASIC has filed civil penalty lawsuits in the Federal Court against Finder Wallet Pty Ltd, a division of comparison website Finder.com, alleging that it provided financial services without a license, v...
The New House Financial Services Committee Head Wants To Postpone Crypto Tax Measures
Representative Patrick McHenry, a Republican from the United States, sent a letter to the Treasury Department in which he asked for clarification on a portion of the digital asset tax that had been po...
New York Financial Regulators share guidance to banks regarding crypto
Change is the only constant thing in the universe; if people do not change with change, they will perish. It is a universal law. The traditional way of finance is changing and in the modern day, crypt...