During the last month, the stablecoin economy’s market valuation dropped from $155.23 billion to $153.34 billion on July 20, sliding roughly 1.21%. The top two stablecoins by valuation, tether and usd coin, have seen their market caps slide over the last 30 days, while BUSD and DAI have seen increases. Stablecoin Markets Lose Close to
Monero moved to its highest level in five weeks on Thursday, despite crypto markets mainly trading in red. The token rose to its highest level since June 13 after extending recent gains. On the other hand, dogecoin dropped lower today, despite Elon Musk announcing that Tesla hasn’t sold any of the meme coin. Monero (XMR)
According to the non-fungible token (NFT) company Enjin, the firm has inked a deal with the Japanese entertainment conglomerate and leading video game developer Square Enix. The partnership will produce the launch of Final Fantasy VII 25th Anniversary cards and figures on the cross-chain network platform Efinity. Japanese Software Developer Square Enix to Issue Final
A U.S. congressman has slammed the Securities and Exchange Commission (SEC) and Chair Gary Gensler for cracking down on companies outside the SEC’s jurisdiction. The SEC “is not regulating in good faith,” he said, adding that “Under Chair Gensler, the SEC has become a power-hungry regulator.” Rep. Emmer Slams SEC and Chair Gensler The director
Bit2me, a Spanish cryptocurrency exchange, announced that the deal it aimed to complete with 2gether, another Spanish exchange, fell through due to internal discrepancies. The company hoped to absorb the customers of 2gether after it blocked operations, forcing users to pay €20 to keep using the platform after having declared it could no longer provide
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News
A lucky player wins a 3 bitcoin jackpot on a newly released live casino game at Bitcoin.com’s crypto casino. Over 15 Players Make More on Casino Games Than They Would on The Market A Rewarding Month for Casino Players The month of July has turned out to be extremely lucky for those 15 players who
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the current inflation may lead to a “Greater Depression.” He added that real estate is crashing and foreclosures are up 700% from last year. Robert Kiyosaki’s Depression Warnings The author of Rich Dad Poor Dad, Robert Kiyosaki, voiced fresh
Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were foreseeable and actually credit-specific, not crypto-specific in nature,” Coinbase stressed. Coinbase: ‘We Have Not Engaged in These Types of Risky Lending Practices’ The Nasdaq-listed cryptocurrency exchange
A century after winning the right to vote and in the midst of a pandemic, female fund managers are outperforming their male colleagues on Wall Street. That is according to a team of equity strategists at Goldman Sachs, who crunched the numbers in honor of 2020, which marks the 100th anniversary of the 19th amendment’s
Vanguard Wellesley Income Fund celebrated its 50th birthday in July. A mutual fund being in business that long has become about as rare as couples reaching their 50th wedding anniversary, and so the fund’s longevity is noteworthy in its own right. But, by analyzing this mutual fund’s performance, we can draw important investment lessons for
Two proposed rulemakings from the Labor Department in the past eight weeks would largely gut sustainable investing options and strategies in retirement plans. These proposals would reverse the Labor Department’s 2015 and 2016 guidance while ignoring the growing consensus among academics, retirement plan fiduciaries and professional money managers that responsible companies are likely to outperform
Clean-energy stocks and exchange-traded funds are on a tear this year, sharply outperforming the broader market and traditional fossil-fuel investments. The clean-tech ETFs with the most powerful year-to-date rallies include Invesco Solar ETF TAN, -2.75%, up 81% through Thursday; First Trust NASDAQ Clean Edge Green Energy Index Fund QCLN, -1.84%, up 58%; and iShares Global
For the 55 calendar years from 1965 through 2019, Berkshire Hathaway’s stock rose at an 18.6% annualized pace, versus 11.8% for the S&P 500 SPX, -0.82% . (Both returns reflect reinvested dividends.) Warren Buffett can take credit for this, and he appears to be very much in charge of Berkshire. But, given that he just
The Puerto Rico Oversight Board said it opposes a just-enacted law that walks back some pro-employer rules put in place five years ago and demanded the governor suspend enforcement of it, arguing it will harm economic growth and island revenues. Gov. Pedro Pierluisi rejected the board’s request to publicly announce suspension of Act 41’s enforcement,
All municipal bond insurers wrapped $18.306 billion in the first half of 2022, a decrease from the $20.842 billion of deals done in the first six months of 2021, according to Refinitiv data, but the overall insured market rate was 8.8%, higher than the 8.4% for the first half of 2021. The figures align with the
Federal Reserve Chair Jerome Powell recently sold more than $1 million of municipal bonds issued by various entities across the U.S. as tough new ethics rules took effect for central bank officials in the wake of a trading scandal last year. The 22 separate transactions on June 30, with a total value ranging from about
A rise in interest rates since last year will mean heftier-than-expected charges on electricity bills for Oklahoma ratepayers in the wake of the first of four state-sanctioned utility securitizations related to 2021’s Winter Storm Uri. The $761.6 million taxable bond sale through the Oklahoma Development Finance Authority closed on Wednesday, just days after a state
Though the fortunes of state pension plans made a 180-degree turn as the stock market fell this year, only a handful appear to be at risk of insolvency over the next few decades. “Most public plans are fragile, not distressed,” said Anthony Randazzo, executive director of Equable, a bipartisan non-profit that works with public retirement
Riders are not returning to New York City’s public transportation system as fast as expected and this may place the Metropolitan Transportation Authority in a difficult financial position as federal funds dry up, according to a report. Even as the drop in riders has left revenue well below pre-pandemic levels of 2019, the MTA has
Pennsylvania has revamped its law governing public-private partnerships in the wake of a court decision that struck down a high-profile P3 bridge program. The new law voids the Pennsylvania Department of Transportation’s ability to impose tolls to pay for the $2.5 billion Major Bridge P3 Initiative. It also reduces the department’s ability to impose user