The recent failures of regional banks is emboldening Washington’s administrative state to double down on regulation. Regulators across the city are rushing to write new rules to further inject Washington’s central planners into the functioning of our capital markets. The American Securities Association, which I run, recently sent a letter to the Washington bureaucracy with
When the U.S. government sanctioned coin mixer Tornado Cash, many thought it might spell the end for illicit crypto mixing services. But they’re back — and with a glossy new institutional sheen and legit use cases to help traders and funds keep their market moves a “trade” secret. Tornado Cash is what is known as
close video Are big business going to start targeting conservatives? Former Trump campaign manager Kellyanne Conway discusses how major American businesses could target conservative consumers on “The Bottom Line.” Billionaire entrepreneur Elon Musk says it is just a matter of time before Target Corp. is hit with legal action from investors as the retailer continues
OLB Group, Inc. OLB is a diversified payments and omnicommercetechnology services provider looking to bring its tried and true financial offerings to underserved and financially underrepresented communities. OLB is an emerging player in the payments sector, and its business segments include eCommerce merchant services, along with a Bitcoin mining subsidiary which is expected to be
In April, total card expenditure per household was down 1.2% year on year, as measured by Bank of Americaaggregated credit and debit cards. Thisfollows the trend seen inconsumer prices. The credit card data captured by Bank of America markedthe first decline in card spending since February 2021. Why It Matters: A reduction in household credit
Last Wednesday,Justin Sun, founder of Tron TRX/USD , gaveakeynote interview to kick off the second episodeof Benzingas virtual trade show series, Crypto Unlocked.The event focused on global real-life use cases for crypto and Trons role as the leading network for USD-backed stablecoinTether USDT/USD . In the exclusive interview, Sun spoke of blockchain technology as a
Apple’s bold new vision — What to make of Apples intriguing $3,499 Vision Pro headset Some instant analysis of Apple’s boldest product experiment in years. Kyle Orland – Jun 5, 2023 10:51 pm UTC Enlarge / Vision Pro: The computer you can keep using while grabbing unbranded sparkling water from the fridgeApple reader comments 269
Bitcoin (BTC) circled $25,800 on June 6 as the aftermath of fresh panic over the largest exchange, Binance, lingered. BTC price risks losing multimonth range Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it steadied after dropping to near three-month lows. The weakness came from a knee-jerk market reaction to the news that
The Crypto Fear and Greed Index — a tool that measures broader market sentiment towards Bitcoin and the broader crypto market — has dipped to a level of “fear” not witnessed since March 11 this year, when Circle’s USD coin (USDC) briefly lost its dollar-peg. The stumble in market sentiment comes in the wake of
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The New York City Housing Development Corp. is coming to market this month with $891.75 million of bonds to help back construction of much-needed new housing projects in the city. The NYC HDC plans to issue $641.75 million of Series 2023A-1, 2023A-2 and 2022G multi-family housing revenue bonds not subject to the alternative minimum tax
Small manufacturers and farmers would win expanded access to tax-exempt private activity bonds under a bipartisan bill introduced in the House last Thursday. The Modernizing Manufacturing and Agricultural Bonds Act, introduced by Rep. Darin LaHood, R-Ill., would triple the amount of industrial development bonds – also known as industrial revenue bonds – that can be
British Airways, Boots and the BBC on Monday confirmed they had been affected by a “cyber security incident” involving their payroll provider which has affected some of the UK’s best-known names. BA said the incident at Zellis, its payroll provider, was the result of a “new and previously unknown vulnerability” in a file transfer tool
Bitcoin (BTC) fell to multi-day lows at the June 5 Wall Street open as action heated up on exchanges. Van de Poppe: Trend line failure could mean “bottom isn’t in yet” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD wicking to $26,640 on Bitstamp. Down nearly 3% versus the weekend’s highs, the pair looked
Italy, Emilia-Romagna, Bologna, People walking along narrow cobbled street lined with food shops Gary Yeowell | Stone | Getty Images RIMINI, ITALY — The seaside town of Rimini is the Jersey Shore of Italy: From here to the port town of Ancona in the southeast, there are more than 40 miles of sandy beaches. It was
close video Karl Rove gives his 2024 GOP primary outlook amid growing field of candidates Former White House deputy chief of staff Karl Rove discusses the impact Mike Pence and Chris Christie will have jumping into the 2024 GOP primary race on ‘Maria Bartiromo’s Wall Street.’ Twitter co-founder Jack Dorsey on Sunday officially endorsed Robert
Coming to a workplace near you? — They plugged GPT-4 into Minecraftand unearthed new potential for AI A bot plays the video game by tapping the text generator to pick up new skills. Will Knight, wired.com – Jun 3, 2023 10:54 am UTC EnlargeMicrosoft reader comments 88 with The technology that underpins ChatGPT has the
Liveblog — Liveblog: All the news from Apples WWDC 2023 keynote Get your updates about iOS, macOS, and more right here. Samuel Axon – Jun 4, 2023 8:28 pm UTC Enlarge / Apple’s promotional image for WWDC 2023.Apple reader comments 38 with Liveblog starts in: View Liveblog CUPERTINO, Calif.At 10 am Pacific Time (1 pm
Fresh after the Federal Reserve bumped interest rates higher by 25 basis points on Wednesday, Robinhood Markets Inc HOOD , a commission-free trading platform, announced it would increase its Robinhood Gold rate to 4.65% APY on May 4. What Happened: The new rate is 19 times more than the national average savings rate. Customers can