The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in
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UBS is in discussions to take over all or part of Credit Suisse, with the boards of Switzerland’s two biggest lenders set to meet separately over the weekend to consider what would be Europe’s most consequential banking combination since the financial crisis, according to multiple people briefed on the talks. The Swiss National Bank and
Commuters make their way along a street amid smoggy and foggy conditions early in the morning in Lahore on January 3, 2023. Arif Ali | AFP | Getty Images About 90% of the global population in 2022 experienced unhealthy air quality, and only six countries met the World Health Organization’s recommendations of safe air pollutant
Municipals were firmer in spots to end a chaotic week that saw triple-A benchmarks both follow U.S. Treasuries in a flight to quality and ignore UST movements — as munis did on Friday for the most part — as the banking sector crisis continued. USTs rallied and equities sold off Friday. Triple-A benchmarks were bumped
Regional leaders in the Northeast kept up high-profile efforts to show support for local entities facing challenges after the failures of Silicon Valley Bank in California and Signature Bank in New York. Despite federal measures to backstop all deposits, even those higher than the $250,000 deposit insurance limit, the failure of the California bank, which
The total crypto market capitalization increased by 26% in seven days, reaching $1.16 trillion on March 17. Bitcoin (BTC) was the biggest winner among the top 20 coins, up 31.5%, though some altcoins gained 50% or more during the period. The surge in cryptocurrency prices occurred as the United States Federal Reserve was forced to
Former Treasury Secretary Lawrence Summers said the Federal Reserve shouldn’t be spooked into easing its campaign to contain inflation out of excessive concern about a credit crunch in the wake of the recent banking turmoil. “It would be very unfortunate if, out of solicitude for the banking system, the Fed were to slow down its
California Gov. Gavin Newsom has proposed an independent watchdog within the California Energy Commission to monitor the state’s petroleum market on a daily basis. The proposal represents a shift from his plan to place a cap on oil company profits, though it would give the commission more authority to investigate gasoline price spikes and the
In this article GWILX Follow your favorite stocksCREATE FREE ACCOUNT Flashpop | Stone | Getty Images As women in America struggle to get equal pay and rise up the ladder, companies that empower and promote female workers are being rewarded by impact investors. Known as gender lens or gender equity investing, the idea is to
The banking sector crisis cast a wide net of influence over the municipal market this week, stirring pricing volatility, upending monetary policy predictions and raising questions among participants over how deep the troubles run and whether the potential contagion will roil economic prospects. Silvergate Bank’s March 8th announcement it was closing up shop led the
After a recovery on March 16, the United States equities markets are again down on March 17. Investors remain concerned about the vulnerability of banks in the U.S. and Europe. A silver lining for cryptocurrency investors is that Bitcoin (BTC) has remained decoupled from the equities markets and has risen to its highest level since
The takeover of the Houston Independent School District by the Texas Education Agency (TEA) on the basis of academic performance does not affect its AA-plus underlying rating, S&P Global Ratings analysts said Friday. The TEA said Wednesday the largest public school district in Texas will be run by a state-appointed board of managers and superintendent
Investors breathed a sigh of relief after the Swiss National Bank said it would provide a liquidity backstop for Credit Suisse. Arnd Wiegmann / Stringer / Getty Images Check out the companies making headlines in midday trading. First Republic — The regional bank shares shed over 20% even after the company is set to receive
Whenever issues of free speech would arise, Americans would often quote Voltaire and say, “I disagree with what you say, but I will defend to the death your right to say it.” Voltaire didn’t actually say itand only a fool would count on anyone to defend them, let alone to the death. Yet it was
Budgets are about priorities. In President Joe Biden administration’s new budget, its apparent priorities are marred by problems. Here’s the cheat sheet version: Rather than containing explosive growth in spending, it would use a bunch of new taxes to wage class warfare. While this budget is dead on arrival in Congress, it’s worth reviewing some
In the early 2000s, lots of banks offered a variety of rewards for debit cards – it was the status quo. However, the federal government enacted the Durbin amendment of the Dodd-Frank Act in 2010 which effectively reduced the rewards for debit card use. While the amendment added more protection for consumers, debit card rewards
Marilyn Schaffer, CEO of XTM Inc. XTMIF PAID 7XT , was recently interviewed by Benzinga. XTM is an innovator in the fintech space. Its main offering is the Today platform that makes it simple and easy for businesses in the service industry and hospitality industries to pay their employees daily. That means workers get their
Cathie Wood-led ARK Investment Management bought a whopping $20.5 million stake in cryptocurrency exchange platform Coinbase Global Inc COIN on Thursday. Funds operated by ARK purchased over 353,000 shares of the company on a day when its stock fell over 7.8%. The purchase was conducted via the flagship ARK Innovation ETF ARKK and the ARK
As retail traders continue to exert their influence on the markets, the brokerage landscape is turning ever more competitive. In some ways, what were seeing is an accessibility arms race, where the offering of exchange-traded securities and derivatives is increasingly being tailored to beginners and smaller investors. The idea is to make access to these
The owner of a building in the New York suburbs (let’s call it the Julex Tower) opened negotiations with a possible buyer. As is customary, the owner and possible seller asked the possible buyer to sign a confidentiality agreement, agreeing not to share information about Julex Tower or the possible sale. Like most other confidentiality