The United States Securities and Exchange Commission’s (SEC’s) lawsuit against Terraform Labs and its co-founder Do Kwon could be seen as an SEC “roadmap” to taking down other stablecoins, according to a lawyer. Gabriel Shapiro, general counsel at investment firm Delphi Labs, explained to his 33,800 Twitter followers on Feb. 16 that the SEC’s arguments
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Bitcoin (BTC) price rallied over 12% on Feb. 15, marking the highest daily close in more than six months. Curiously, the movement happened while gold reached a 40-day low at $1,826, indicating some potential shift in investors’ risk assessment for cryptocurrencies. A stronger than expected U.S. inflation report on Feb. 14 presented 5.6% growth year-over-year,
The Georgia Ports Authority and the Army Corps of Engineers have signed an agreement to expand the Port of Brunswick, a move state officials said will help prepare the port for expansion. The agreement, announced Monday, clears the way for the Corps to begin dredging and widening certain sections of the port to accommodate larger
Municipals extended their sell-off Thursday, as the front end of the curve was hit the hardest. U.S. Treasuries were weaker, and equities ended in the red. Triple-A benchmarks were cut 13 to 17 basis points at the one-year, depending on the scale, pushing it to around 3%. Muni-UST ratios rose on the short end. The
Rishi Sunak has launched a high-stakes gamble to seal a deal with Brussels over Northern Ireland, making a surprise visit to Belfast as Tory Eurosceptics warned he was going too far to accommodate the EU. The UK prime minister is seeking to win backing from Northern Irish parties for an outline deal with the EU
In this week’s episode of Market Talks, Cointelegraph welcomes Michaël van de Poppe, a full-time day/swing trader in cryptocurrencies based at the Amsterdam Stock Exchange who’s interested in everything related to blockchain in combination with the current financial system. He is also the CEO and founder of Eight Global, a cryptocurrency education and consultancy platform. We kick
Jakub Porzycki | Nurphoto | Getty Images Check out the companies making headlines in midday trading. Twilio — Shares jumped 19% after Twilio beat revenue expectations in its most recent quarter. The communications firm posted revenue of $1.02 billion, slightly better than the Refinitiv consensus estimate of $1 billion. West Pharmaceutical Services — Shares spiked
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The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens of millions of dollars. The U.S. Trustee’s Argument for an Independent
Puerto Rico Oversight Board member Justin Peterson and other observers of the Puerto Rico Electric Power Authority bankruptcy criticized what they said was the board’s attack on U.S. revenue bonds in the lien adversary proceeding and called for state attorneys general to intervene. “The board’s actions and arguments in the PREPA lien adversary proceeding are
Municipals sold off Wednesday in secondary trading, with the short end seeing the largest cuts, as several large deals priced in the primary. U.S. Treasuries were weaker and equities ended mixed after a strong retail sales report. Triple-A benchmark yields were cut six to 16 basis points, depending on the scale, pushing the one-year muni
Bitcoin (BTC) is leading the cryptocurrency markets on the path to recovery. Although the United States Consumer Price Index (CPI) print for January was marginally higher than expectations, it did not dent the enthusiasm of bullish crypto traders. A positive response to seemingly negative data is a sign that the sentiment is bullish and traders
Nicola Sturgeon announced her resignation as Scotland’s first minister and leader of the Scottish National party on Wednesday after a backlash over her strategy for securing independence and controversy over proposed gender laws. A thorn in the side of UK prime ministers for almost a decade, Sturgeon led the pro-independence SNP to repeated electoral success
Charlie Munger, a shareholder and board member for The Daily Journal, is set to speak at the newspaper’s virtual annual meeting Wednesday. Munger stepped down from his chairman title at the Los Angeles-based Daily Journal last year. The 99-year-old investor also donated $1 million of stock to create an equity-incentive plan at the company at the
America’s homebuilders are growing more bullish as buyer demand picks up, driven in part by slightly lower mortgage rates. Homebuilder confidence in the market for newly built single-family homes in February rose 7 points to 42, according to the National Association of Home Builders/Wells Fargo Housing Market Index. This is the highest reading since September
Topline The number of homes scooped up by investors fell at a record pace last quarter amid higher mortgage rates and forecasts calling for substantial declines in home prices—further clouding the outlook for real estate investing but a positive development for potential home buyers looking to reap the benefits of falling housing prices. Key Facts
Former Pittsburgh-based banker Maurice “Mossie” Murphy Jr. moved on from the public finance business more than decade ago but he left his mark on colleagues who said his big personality, camaraderie, and support stood out in their competitive field. Murphy died in December after a three-year battle with cancer. He was 58. Murphy joined the
Today we’re going to talk about why many options traders lose money and fail when they swing trade call option contracts. Check it out and avoid making the same mistakes on your trades! Also, our new Options Foundation course (Version 2.0) is out now! If you are brand new to trading options, this course will
Under the Tax Cuts and Jobs Act, withholding tables were updated and changed. What does this mean for you?
In this video, we recap the general effects of interest rate changes on currencies and then explore how central banks use interest rates to control inflation. As interest rate changes are so important for Forex traders, we look at the rate-decision schedules and inflation targets for the central banks of the major currencies. Test and
The Indian government announced during the annual budget on Feb. 1 that the country will increase infrastructure spending by 33% to 10 trillion rupees ($122.29 billion) in the next fiscal year. Bloomberg | Bloomberg | Getty Images Indian markets have been volatile as the Adani crisis continues to dominate headlines, but analysts say this could