Category: Capital
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REGULATING BITCOIN AND CRYPTO IN NIGERIA: CROSSROADS BETWEEN CAPITAL CONTROL AND FINANCIAL FREEDOM
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The rise of Bitcoin and digital assets has sparked a classic battle, with governments acting as watchful hawks, trying to control a fast and elusive technology like a deer darting across a decentralized savanna. In Nigeria, this struggle is as tangled as the dense foliage of a forest, with regulators…
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Capital Economics sees rough year ahead for Mexican assets By Investing.com
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Capital Economics has Expected poor performance The Mexican peso and broader financial assets are expected to decline in the coming year due to political and economic instability. The peso, which has recently fallen about 15% against the dollar since early April, is still seen as overvalued despite its sharp decline…
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Big Lots sells business to Nexus Capital as it begins bankruptcy proceedings By Reuters
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Big Lots Inc., a U.S. discount home goods retailer, said Monday it has secured $707.5 million to shore up its operations and sold its business to private equity firm Nexus Capital as it begins Chapter 11 bankruptcy proceedings. Big Lots listed its assets and liabilities in the range of $1…
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Landlords rush to sell amid fears of capital gains tax hike
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The proportion of rental properties entering the sale market has reached a record high, driven by landlords’ concerns about a potential rise in capital gains tax in the upcoming Budget, according to property website Rightmove. Currently, 18% of properties previously listed for sale have been rented, compared with just 8%…
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Proposals to tax unrealized capital gains would ‘kill the stock market,’ billionaire investor Mark Cuban says
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Brendan Smialowski/Getty Images Mark Cuban said taxing unrealized capital gains would “kill the stock market.” President Joe Biden has proposed imposing a tax on unrealized gains for people with more than $100 million. Kamala Harris is unlikely to support Biden’s plan, Cuban said. Billionaire investor Mark Cuban said any proposal…
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Crypto Firm Galois Capital Faces $200K Fine From US SEC For ‘Investor Violations’
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Ronaldo is an experienced crypto enthusiast who is dedicated to this emerging and ever-evolving industry. With over five years of intensive research and tireless dedication, he has developed a deep interest in the world of cryptocurrencies. Ronaldo’s journey began out of curiosity, which soon turned into a deep passion to…
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Bitcoin (BTC) Stumbles Below $60,000 As Data Shows Slowing Net Capital Inflows
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Bitcoin (BTC) is currently trading below $60,000 after experiencing a period of volatility and a significant 11% correction from its peak of $65,103 last Sunday. This sharp decline reflects the growing uncertainty and fear that is prevailing in the market. Recent key data from Glassnode reveals a worrying slowdown in…
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Donald Trump teases US ‘crypto capital of the planet’ plan
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Former President Donald Trump has announced his intention to make the United States a global hub for cryptocurrencies if elected. On August 29, Trump stated that he would be rolling out his plan to ensure that America becomes the “crypto capital of the planet” as blockchain technology and digital assets…
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Donald Trump teases US ‘crypto capital of the planet’ plan
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Former President Donald Trump has announced his intention to make the United States a global hub for cryptocurrencies if elected. On August 29, Trump stated that he would be rolling out his plan to ensure that America becomes the “crypto capital of the planet” as blockchain technology and digital assets…
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Skybridge Capital Founder Says Bitcoin Is Not A Store Of Value, Here’s Why
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Anthony Scaramucci, founder and managing partner of SkyBridge Capital, a global investment firm, confirmed that Bitcoin (BTC) is not a reliable store of value.Scaramucci is known for his support of Bitcoin and outspoken financial analysis, and he has provided a reason for this belief. Why is Bitcoin not a store…
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Australian regulator hikes ANZ’s capital requirements after bond trading misconduct By Reuters
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Australia’s prudential regulator said on Friday it had increased ANZ Group’s additional capital requirement to A$750 million ($502.73 million), stepping up its regulatory oversight after the bank recently admitted to providing incorrect bond trading data. The move by the Australian Prudential Regulation Authority (APRA), which represents an A$250 million increase…
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Australia’s Westpac posts steady Q3 profit, helped by higher capital earnings By Reuters
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(Reuters) – Australia Westpac Banking New York Stock Exchange (NYSE:) Corp. said Monday that third-quarter net income was largely in line with a year ago, as higher gains on capital and protected deposits offset rising expenses and bad loans. Based on the company’s average quarterly performance in the first half…
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Porsche agrees to provide capital in Varta restructuring deal By Reuters
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By Alexander Hubner and Emma Victoria Farr FRANKFURT (Reuters) – German battery maker Varta said on Saturday it had reached a restructuring agreement with its creditors, calling on sports carmaker Porsche to step in to rescue the troubled company. The company said the deal, reached after days of intense negotiations,…
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Portillo’s stock gains after report activist Engaged Capital has stake
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Joe Hendrickson/iStock Editorial via Getty Images Portillo’s Hot Dog Restaurant ChainNASDAQ:PTLO) Up 3% After a report that activist firm Engaged Capital has raised a stake of around 10% and is pushing for changes. The activist is talking to management about improving operations, margins and brands as the Chicago-based chain operates.…
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Decentralized AI network Sahara raises fresh capital in Samsung NEXT-backed round By Reuters
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Written by Manya Saini Sahara AI, a startup that combines blockchain technology with artificial intelligence, said Wednesday it has raised $43 million in a funding round led by venture capital investors Pantera Capital, Binance Labs and Polychain Capital. The Series A funding also attracted investments from Samsung (KS:) NEXT alongside…
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HF turns to shareholders to resolve capital woes
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HF Group, a listed lender, has turned to shareholders through a rights issue to raise new shares to shore up deteriorating capital ratios that have fallen below the legal minimum, impacting its ability to grow the business. The bank is set to issue 1.5 billion new shares, three for each…
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Hamster Kombat Rejects Venture Capital To Empower Players
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In the fast-evolving world of blockchain gaming, where the lure of venture capital funding is ever-present, one game has taken a bold and unconventional stance. Hamster Kombat, the popular click-to-earn game, has made waves by rejecting several pitches from top-tier crypto venture capital firms. This decision, which stems from the…
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Hamster Kombat Rejects Venture Capital To Empower Players
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In the fast-evolving world of blockchain gaming, where the lure of venture capital funding is ever-present, one game has taken a bold and unconventional stance. Hamster Kombat, the popular click-to-earn game, has made waves by rejecting several pitches from top-tier crypto venture capital firms. This decision, which stems from the…