Sam Bankman-Fried, the former CEO of collapsed crypto exchange FTX, announced today that he is willing to testify before the House Financial Services Committee. “I still do not have access to mu...
Tag: Financial
UK’s new financial reforms include tax breaks for crypto investors
The Chancellor of Exchequer of the UK announced the Edinburgh Reforms on 9 December. These measures are part of PM Rishi Sunak’s dreams of a crypto hub. Jeremy Hunt, the Chancellor of Exchequer of the...
UK announces major overhaul of its financial sector in attempt to spur growth
One Canada Square, at the heart of Canary Wharf financial district seen standing between the Citibank building and HSBC building on 14th October 2022 in London, United Kingdom. Mike Kemp | In Pictures...
UK financial reforms push for more investment in crypto businesses
Chancellor of the Exchequer Jeremy Hunt shared a package of 30 regulatory reforms for the UK’s financial services, in an effort to boost economic growth post-Brexit. Issuing a digital pound, experimen...
Financial markets are flashing a warning that a recession is imminent: here’s what it means for stocks
Across markets, familiar trading patterns for stocks, bonds and commodities that have held for months are starting to unravel as financial markets grapple with expectations that the U.S. economy will ...
3 Top REITs That Are Exceptionally Cheap Right Now
REITs have been hit especially hard in the ongoing bear market. While the S&P 500 has declined 18% this year, the Real Estate Select Sector SPDR ETF (XLRE) has shed 26%. The main reason behind the...
Apple, Walmart Go Big Into Financial Services; Delinquencies, Charge-Offs Rise
Credit Card Delinquencies, Charge-Offs Rise on Path to Normalization Credit card delinquencies and charge-offs rose for all six major U.S. card issuers in October. Bank executives said such a trend is...
House Financial Services Chief Waters Not Planning to Subpoena Sam Bankman-Fried: Report
House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) told a group of Democrats that she doesn’t plan to subpoena former FTX CEO Sam Bankman-Fried to testify at a hearing on the crypt...
How Genius Yield Unlocks New Opportunities for Individuals to Achieve Financial Freedom
Recently I spoke with Dr. Lars Brünjes and Marvin Bertin, the CTO and CSO of Genius Yield, an all-in-one DeFi platform, that combines a concentrated liquidity DEX with an automated yield optimizer. We...
The Federal Reserve Is Deflating Financial Bubbles, Without a Crash
(Bloomberg) — The Federal Reserve hasn’t had much success so far in wrestling down sky-high inflation, but its monetary tightening campaign is having a major impact in deflating asset bubbles th...
I Have a ‘Solid Understanding’ of Investment Strategies. So Why Should I Pay 1% to a Financial Advisor?
Susannah Snider, CFP Is it worth paying a financial advisor to manage retirement funds if you are confident in your own financial investment strategies? I feel like I have a solid understanding of lon...
Change Your Financial Status with ICOs Like Oryen Network, Which Is Predicted to Mimic the Gains of Avalanche and Fantom
Initial Coin Offerings (ICOs) are rewarding ways for users to invest in crypto projects. Some projects grow over 1000X at full launch, rewarding the earliest backers. Clearly, such gains would quickly...
Pro-fintech Republican McHenry officially named next House Financial Services chair
Rep. Patrick McHenry, R-N.C., has been named the next chair of the House Financial Services Committee. The House Republican Steering Committee, which determines committee leadership positions, m...
Japan’s Financial Watchdog Extends FTX Japan Suspension
10 seconds ago | 2 mins read Exchange News In November, the FSA demanded that FTX Japan halt its activities. The bankruptcy of FTX will not impact the assets held by FTX Japan. On Wednesday, Japan’s F...
Financial Stability Board (FSB) calls for a DeFi regulatory framework
In the wake of FTX’s collapse, the Financial Stability Board (FSB) has called for a global framework for regulating, supervising, and assessing the vulnerabilities associated with decentralised financ...
As Citigroup Weakens, Here’s What the Charts Say Is Next for the Stock
Shares of Citigroup (C) have weakened in the past year and the selloff does not look over yet. Let’s check out the charts and indicators on the banking giant. In the daily bar chart of C, bel...
UK Financial Regulator Seeks Comments on Ad Approval Process That Covers Crypto
The FCA is consulting on whether a company that wants to be allowed to approve promotions should be checked for having “adequate systems, controls and processes in place” and whether it is able to mai...
4 financial moves if you have — or are worried about — long Covid
Milan2099 | E+ | Getty Images Long Covid is a chronic illness with far-reaching impact, both in terms of health and household finance. As many as 23 million Americans have suffered long-haul symptoms ...
7 Financial Planning Strategies For High-Net-Worth Americans
high net worth financial planning Financial planning is the process of creating a plan for managing your money and assets. High-net-worth financial planning is aimed specifically at individuals and fa...
Chairwoman of House Financial Services Committee Says SBF Has No Excuse To Skip Scheduled Testimony
– Advertisement – Top U.S. Lawmaker Calls Out SBF For Planning to Delay A Testimony on FTX Fall. Following former FTX CEO SBF’s announcement that he would only testify on the FTX collaps...
Bitcoin at $5,000 Might Happen Next Year: Leading Financial Expert
Yuri Molchan Bitcoin may sink to unbelievable lows next year, according to Eric Robertsen Contents Bitcoin to $5,000 again? Here’s why it is possible, per Robertsen Tim Draper stands by his $250...
EU financial regulator to address off-shore crypto companies
In light of FTX’s collapse, activities of off-shore crypto companies operating in the EU are under a microscope for the bloc’s regulators. The European Securities and Markets Authority is ...
‘I feel like a fool.’ I’m 65 and recently met a ‘gorgeous’ 70-year-old millionaire who ‘started acting as my financial adviser.’ But he ghosted me, and left me with less than $20 in my account. What’s my move now?
Question: After meeting a nice guy and dating a bit, he started acting as my financial advisor, which I appreciated as I am clueless about this stuff. He’s a millionaire, gorgeous and at 70, five year...
Palestinians shift to Bitcoin amidst financial turmoil
Many Palestinians living in the blockaded enclave of Gaza passed away because of the Israeli–Palestinian war, while others managed to be alive. The entire demolition of the region has also had a...
The Block: Bankman-Fried says Alameda was given special treatment on FTX: Financial Times
Trading firm Alameda Research was given outsized borrowing limits compared with other clients of FTX. Alameda was able to access high levels of borrowing on FTX when Sam Bankman-Fried launched ...
Are BTC miners done with the worst for this financial quarter? This data suggests…
Miners continued to sell their BTC as they got rid of 10,000 BTC this week Huge capitulation could be in sight due to the indications revealed by the Bitcoin hash ribbon Bitcoin [BTC] miners continue...
Blockaded Palestinians in the Gaza Strip Turn to Bitcoin Amid Financial Chaos (Report)
Numerous Palestinians in the blockaded enclave of Gaza have lost their lives due to the Israeli-Palestinian conflict, while others are on the edge of survival. The total destruction of the area has al...
Analysis of Signature Bank’s Comments at Goldman Sachs US Financial Services Conference
December 8, 2022, 1:33PM EST • 2 min read Quick Take December 6, 2022 Signature Bank gave remarks regarding their crypto strategy and FTX at Goldman Sach’s Conference Signature reducing digital asset...