Author: Investor Empires
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Nishad Singh And Gary Wang, Former FTX Executives To Be Sentenced On Oct 20 And Nov 21
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Explosion FTX The infamous FTX scandal, in late 2022, was a watershed moment in the crypto world, with the exchange’s founder, Sam Bankman-Fried, at the center of the controversy. Nishad Singh, the former director of engineering, and Gary Wang, the former CTO, were key members of FTX’s executive team and…
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Sun Valley Conference 2024: The biggest names attending, and notably absent
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Every year, a group of billionaire CEOs, investors, university leaders and politicians gather at Allen & Co.’s Sun Valley Conference in Sun Valley, Idaho, for what many have called “summer camp for billionaires.” private An event closed to the press since its inception in 1983, the deals made inside this…
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Deja-vu? In Olympics push, France ramps up war on fakes By Reuters
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By Helen Reid, Lily Forodi, and Mimosa Spencer PARIS (Reuters) – At the tourist flea market in Saint-Ouen, not far from the Stade de France where athletes will compete at this summer’s Paris Olympics, police stormed in at dawn on April 3 and closed 11 shops selling counterfeit bags and…
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Up Network and Movement Labs partner to launch Web3 smartphone
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Up Network just announced a strategic partnership with Movement Labs, and unveiled Up Mobile, a smartphone dedicated to Web3. This partnership hopes to revolutionize the Web3 consumer experience by improving privacy, scalability, and ease of use. Up Mobile will use biometric sensors and zero-knowledge proofs to verify blockchain identity. The…
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Up Network and Movement Labs partner to launch Web3 smartphone
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Up Network just announced a strategic partnership with Movement Labs, and unveiled Up Mobile, a smartphone dedicated to Web3. This partnership hopes to revolutionize the Web3 consumer experience by improving privacy, scalability, and ease of use. Up Mobile will use biometric sensors and zero-knowledge proofs to verify blockchain identity. The…
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BofA: A brief and recent history of US FX policy
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In the post-Bretton Woods era, US interventions in foreign exchange markets have become rare in the twenty-first century. Under the influence of the Plaza and Louvre Accords, US foreign exchange policy evolved under the “strong dollar” stance adopted by Treasury Secretary Robert Rubin in the 1990s. Interventions have been limited…
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Circle’s USDC Emerges as Top Beneficiary of EU’s Push for Compliant Stablecoins
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The MiCA regulation has created a growing demand for compatible stablecoins, with Circle’s USDC emerging as a major beneficiary of this trend. In fact, USDC is driving demand for regulated stablecoins, according to French blockchain analytics firm Kaiko. Increased demand for USDC after MiCA In its latest release a reportKaiko…
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Flight-free travel pioneer Byway raises £5M to make journey-based travel mainstream
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Byway, a travel tech startup and B Corporation supporting flight-free travel, has raised £5 million in a Series A funding round. Heartcore Capital led the round, with participation from Eka Ventures and investors from Byway. The funds will be used to accelerate the development of Byway’s unique journey planning technology,…
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US stocks mostly higher; tech sector gains ahead of Powell’s testimony By Investing.com
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U.S. stocks rose slightly on Tuesday as growing expectations of a September interest rate cut kept the technology sector strong ahead of testimony from Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index was down 40 points, or 0.1%, at 09:35 ET (13:35 GMT), while the Dow Jones Industrial Average…
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US stocks mostly higher; tech sector gains ahead of Powell’s testimony By Investing.com
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U.S. stocks rose slightly on Tuesday as growing expectations of a September interest rate cut kept the technology sector strong ahead of testimony from Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index was down 40 points, or 0.1%, at 09:35 ET (13:35 GMT), while the Dow Jones Industrial Average…
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$89.5 Billion Firm Endorses 6% Bitcoin Investment Strategy
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On Monday, Matthew Siegel, head of digital asset research at VanEck, an influential New York-based investment management firm with $89.5 billion in assets under management, discussed the current state of the bitcoin market. As the sixth-largest issuer of spot ETFs in the United States, with $497 million in recent inflows,…
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$89.5 Billion Firm Endorses 6% Bitcoin Investment Strategy
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On Monday, Matthew Siegel, head of digital asset research at VanEck, an influential New York-based investment management firm with $89.5 billion in assets under management, discussed the current state of the bitcoin market. As the sixth-largest issuer of spot ETFs in the United States, with $497 million in recent inflows,…
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Key senators reach agreement on spending levels for next year, setting up clash with House
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Breadcrumbs Path Links PMN Business Article author: Associated Press Kevin Freaking Published on July 9, 2024 • Read for 2 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (AP) — The U.S. Senate plans to increase…
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U.S. Treasury auctioned off $58 billion of three-year notes at a high yield of 4.399%
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High return: %, average of six auctions 4.390% Tail: -0.8bp, average of six auctions -0.1bp Bid to Cover Ratio: 2.67x, Average of Six Auctions 2.57x Merchants: 14.8%, average of six auctions 17.0% Direct: 21.3%, average of six auctions 17.8% Indirect: 64.0%, average of six auctions 65.2% Auction grade: A- This…
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Meet Maya Parbhoe: The Pro-Bitcoin Presidential Candidate Who Wants to Save Suriname
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On September 4, 2001, Winod Parbhoe was murdered in cold blood. The entrepreneur, who was the founder of the Suriname Palace Casino, an establishment he co-owned with CCA Companies Incorporated (Conserver Corporation of America), was shot two times in the chest and once in the neck in a drive-by shooting,…
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Speculation in agricultural land holds many pitfalls
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Every year, an average of about 3,100 privately owned agricultural plots are sold in Israel, for a total value of NIS 1.5 billion. This is 30% more than the average annual number of sales a decade ago, and the amounts involved are three times larger than in the first half…
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Shares post patchy performance ahead of Powell testimony By Reuters
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(Repeated to add title tag, no change to story content) By Tom Wilson LONDON (Reuters) – Stock markets were mixed on Tuesday as investors waited to see whether U.S. Federal Reserve Chairman Jerome Powell would support an interest rate cut after evidence emerged of a slowdown in the U.S. labor…
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If History Repeats, Bitcoin Could Crash 33% Again: Here’s Why
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Bitcoin has already fallen more than -22% since its mid-March high of over $73,000. While Bitcoin is currently holding above $57,000 after the recent price crash, there could be further declines ahead if history repeats itself, according to Jacob Canfield, a trading mentor at Trading Mastery. analysis Forecasts point to…
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If History Repeats, Bitcoin Could Crash 33% Again: Here’s Why
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Bitcoin has already fallen more than -22% since its mid-March high of over $73,000. While Bitcoin is currently holding above $57,000 after the recent price crash, there could be further declines ahead if history repeats itself, according to Jacob Canfield, a trading mentor at Trading Mastery. analysis Forecasts point to…