Seagen (SGEN) – Get Seagen Inc. Report shares powered higher Thursday following a report from the Wall Street Journal that it’s in advanced takeover talks with drugmaker Merck & Co. ...
Tag: Investing
Binance Launches Zero-Fee Bitcoin Trading to Celebrate 5th Anniversary
The world’s largest cryptocurrency exchange, Binance, has launched zero-fee trading for 13 bitcoin spot trading pairs to celebrate its 5th anniversary. The new policy will go into effect on July 8 and...
2 High-Yield Dividend Stocks Worth Investing In Now
Let’s begin with the fact that no investor can get around right now, the current volatile market. In the words of the Goldman Sachs strategist David Kostin, “The first six months of 2022 have be...
The DOL has a new IRA rollover rule for advisers to follow
IRA rollovers are common, whether they’re from an old 401(k) or just one account to another, but a newly implemented Department of Labor rule says financial advisers suggesting the move have some expl...
High-End Jeweler Graff Diamonds Sues Insurer Over $7.5M Bitcoin Ransomware Payment
Famous British Jeweler Graff Diamonds Corp. has filed a lawsuit against its insurance company, The Travelers Companies Inc., over $7.5 million it spent after falling victim to a ransomware attack in S...
Crypto Broker Voyager Files For Chapter 11 Bankruptcy Protection
Crypto brokerage firm Voyager Digital announced today it has filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court of the Southern District of New York. The announ...
Bitcoin Miner Core Scientific Confirms $167M Bitcoin Sale Amid Market Selloff
Public-traded Bitcoin mining company Core Scientific sold 7,202 BTC, worth $167 million last month. According to the firm’s “June Updates,” released on Tuesday, the crypto assets were sold at an avera...
Ethereum Name Service (ENS) Hits 1.5M Registered Names Amid Crypto Winter
Despite the severe bloodbath in the crypto market, some projects appear to be steadily growing. The Ethereum Name Service (ENS) is a vivid example in this regard, as the project has surpassed 1.5 mill...
Trading Nvidia and Chip Stocks: Here Are the Charts
Semiconductor stocks have not been doing well lately. Generally speaking, a bear market in U.S. equities and a particularly vicious bear market in growth stocks and tech stocks have dealt a painful bl...
Bank of England Calls For Stricter Crypto Regulation Amid Market Downturn
The Bank of England (BoE) is calling for stricter regulations on crypto after the recent market downturn to safeguard against the potential financial stability risks they could pose. BoE Calls for Str...
Oil Plunges As Recession Fears Mount: Gas Prices Set To Tumble
Updated at 4:24 pm EST Global oil prices plunged the most in several weeks Tuesday as investors pared bets on crude and commodities demand amid increasing signs of recession in the world’s bigge...
U.K. Wants Public Views on Taxation of DeFi Loans and Crypto Staking
The United Kingdom (UK) has launched a call for evidence seeking public views on the taxation of crypto-backed loans and staking in the context of decentralized finance (DeFi). The call for evidence ...
Millennials ‘Enthusiastic’ About Crypto As Majority Say Stock Market Investing Is Too Risky: New Study
A firm allowing clients to fund retirement accounts with crypto is revealing how millennials view the stock and digital assets markets. A new study by Alto surveyed 1,200 millennials aged 25-40 with a...
Crypto Lender Nexo Signs Term Sheet to Potentially Acquire Struggling Rival Vauld
Popular crypto lending platform Nexo revealed on Tuesday that it has signed an indicative term sheet to acquire Singapore-based lending rival Vauld. An indicative term sheet is a document that shows t...
My financial adviser mostly opts for index funds. Is he worth what I pay him?
Is your financial adviser worth the money you pay them? Getty Images/iStockphoto Question: If a manager is just putting my money into index funds that track the market, are they actually doing anythin...
How Merged Mining Opens the Way for More Crypto Revenue
The cryptocurrency market has opened a valley of business opportunities, from trading highly volatile assets to mining and releasing them into the open market. The latter is of special interest to us,...
Borrowers are on edge—will Biden cancel student debt or not? Here’s what’s going on.
The “he” is, of course, President Joe Biden. Some 43 million borrowers are hanging onto hope that Biden will take executive action to relieve at least some of their collective $1.7 trillion debt. Rumo...
Ethereum Burns 2.5 Million ETH ($2.8B) via EIP-1559 Protocol
Less than a year after its activation, the Ethereum Improvement Proposal-1559 (EIP-1559) has permanently removed nearly $3 billion worth of ETH from circulation. According to recent data from Ultraso...
VCs Invested Over $3B in Crypto Projects Last Month Despite Bear Market: Report
Despite the downturn in the crypto market, venture capital (VC) firms have not lost interest in the sector and have continued to pour money into crypto projects. According to a VC monthly report by Wu...
Crypto Broker Voyager Says It Is “Pursuing Strategic Alternatives” After Halting Withdrawals
In a tweet thread on Sunday, crypto broker Voyager Digital said it is seeking strategic alternatives and that it is focused on protecting assets and maximizing value for its customers. The statement c...
Short-Bitcoin Products Hit $51M Inflow as Investors Predict More Downside
As the bearish crypto market continues, many investors have opted for schemes that will bring them profits, at the expense of top assets such as Bitcoin. Short-Bitcoin Hits $51M Within a Week Accordin...
Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals
A cryptocurrency lender backed by Peter Thiel and Coinbase Global Inc. suspended withdrawals, trading and deposits on its platform, citing volatile market conditions and financial difficulties facing ...
A REIT With Large Total Return Potential and a Generous Current Yield
Macerich (MAC) owns and operates Class A (high-end) malls spread across the United States. Like all mall owners, its business was savaged during the Covid-related, government-imposed shutdowns of 2020...
Coinbase Faces A New Scandal
Coinbase Global (COIN) – Get Coinbase Global Inc Report is having a wild week. The cryptocurrency exchange platform confronted a report that it is selling Immigrations and Customs Enforcement a...
Watch out — this one mistake could cost you thousands when you rollover your 401(k) to an IRA
Here’s a pro tip that can hardly be said often enough. When you change jobs and you think about rolling over your old company’s 401(k) to an IRA…watch out for all the extra fees. “Thousands of dollars...